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1980-066 CRA
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1980-066 CRA
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Last modified
1/3/2012 12:23:04 PM
Creation date
3/8/2005 11:41:40 AM
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Template:
City Clerk
Doc Type
Resolution
Doc #
CRA 1980-66
Date
6/16/1980
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<br />. <br /> <br />I <br /> <br />. <br /> <br />t <br /> <br />~ <br /> <br />EJC:/idg <br />4/8/80 <br /> <br />EXHIBIT D <br /> <br />April 8, 1980 <br /> <br />First American Title Insurance Co. <br />114 E, 5th Street <br />Santa Ana, CA 92702 <br /> <br />Gentlemen: <br /> <br />An escrow, No, . , has been established with your <br />company covering the loan proceeds to be used for the <br />rehabilitation of the commerical real property located at <br />, and the borrower <br /> <br />("participant") is <br /> <br />This letter is your nonrevocable authority to remit to <br />the Community Redevelopment Agency of the City of Santa Ana <br />("Agency") from the proceeds of this escrow as payment in <br />full for any and all promissory notes bearing participant's <br />signature, drawn in favor of the Agency, and deposited in <br />this escrow by Agency pursuant to that certain "Revolving <br />Loan Agreement" between the Agency ant! the Participant, <br />dated , a copy of which is deposited in <br />this escrow herewith, <br /> <br />The source of funds to repay said promissory note or <br />notes shall be credited as follows: <br /> <br />In accordance with said "Revolving Loan Agreement," <br />participant may pay said promissory notes from any other <br /> <br />~-..t <br /> <br />5JL <br />
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