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HopeWorks Station Residential 5/7/2018 (2)
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HopeWorks Station Residential 5/7/2018 (2)
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Last modified
7/30/2019 10:48:58 AM
Creation date
7/30/2019 10:48:51 AM
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Contracts
Contractor's Name
HopeWorks Station Residential
Approval Date
5/7/2018
Council Approval Date
5/10/2017
End Date
12/31/2059
Department
Planning
Department Project Manager
Rebecca McCrary
Subject / Project Title
HopeWorks Station II Housing
Tracking Number
0001909
Total Compensation
$500,537.00
Contract Type
Agreement
Retention Period
6 Years Then Destroy
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whom the former owner has or had family business ties, obtains an ownership interest in the <br /> Property described herein, in which event the affordability period shall be revived according to its <br /> original terms as set hereunder. <br /> 4. If Grantor shall fail to perform any obligation hereunder and the Beneficiary <br /> elects to perform the same and expends any monies therefor, such expenditure shall be deemed <br /> in addition to the amount secured by this deed of trust and be immediately due and payable in <br /> accordance with the loan documents. <br /> 5. If an event of default occurs under the foregoing Loan Agreement or Note (after <br /> the expiration of any applicable cure period), the whole indebtedness secured thereby shall be <br /> due and payable in accordance with the loan documents and the Beneficiary may proceed to <br /> foreclose this Deed of Trust. If the Beneficiary shall incur any costs and expenses, including <br /> reasonable attorneys' fees and costs of any title reports, in connection with the performance of <br /> any of its rights hereunder including foreclosure, such costs and expenditures shall remain <br /> secured by this Deed of Trust and shall be immediately due and payable by Grantor. <br /> [SIGNATURE PAGE FOLLOWS] <br />
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