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HomeMy WebLinkAboutRobert Collins Terry - 1987-12-15 r ' It I .... - I ",�� I, ,. I . 1.1. �r. , "I y S;:Y,. �} I it '!; W six . I r ♦ � 11 •� y1,. . t 'rt 1. „ Ir + • It, _ + , tt v f 1 , J - I,.., I . I. - fl h +' +t� w' r r, + ;� .� {1 +t ', r�,.t` f�' 1` I — fit. ,, .t, -1 i .... r �I .:tit,fL'O.1..:1':'-:..I�=r.....:_r>. ^- - .C'' t Ir I + +. 1 '�''�.Y.�:. i w., r. Jy. �' 11 ..�, w..- I • _ Y •f,(. .+ I r f.:..,_.Ltd,v+._a..%...l■... _-.. L•� I V I + •7 '1 AI f 7', il r �• 1:.a vill C1, +• • . it Cr771 CLERK 5 -j., i +�. r ! 1. J t . ' GREL:M�'NT Qg�r,xNAL ' CHANGE IN TERNIR A ,7 ,��� � +),�j , 7 I. ' �I - , + ,i r"i• o is:�,Y: sOt(t�:ec isle e(e?f }} �, P r+ • �, IUD,' rt DDI� ':iuQ�)Ots`G ,��1 ,.R,=u�,, ►r ;,z ;�" .t(� '.}{ ` `t rr" �r, �, .t Delo1` 4 ��11 urlty-3 e;1t QA�1�. : f , 3- r t Fr'i"; :�' �7R y.l?+>»i „� $1 i.i. 1. I i_ ,;t.Ii, ,, ,. I�'-4;r r Y; .Qf.'Glpe� r �,� � t.Dd t J�� .,.,j • I G{ ►4 �l, .J;t!'�r J )s=t�6iF•, ',x��.� � ��t � � ) t! ,+ K-.., r[ +�,� 1't ,'.,.Jt �; CZJ•t M,I Y,F.'% ,i:6 1 �f.�•U '/L Q r,:r�...�': " ` , .,t,• • I , t. 7$ 74 ."2 �� +.. rl ularloanorocrn. �,+ 3 . : •, � �'� t 11 r� 1' Ro!oronc3s In the sha1. ded area Oro la ton furls use on end do not limit the Iknblli of Irr's dn�umanl loan a k �� y �,, i t �. ,; t� ,,; Leerier: HUNTINQTOK!IATIONAL BANK t„• �' d r� ;j` Borrower: THC pEDEVc"l.OPMF.NT AGENCY OF THE CITY 1= MAIN OFFICE 1' t ,.1'IL`4 '•� '� f r • IiUNTINGTON BEACH 165:t1 DOl.BA Ct:(CA STREET t I. +:�� a �?4tr+�it ,, , �` 200o MAIN STREET P.O.BOX�150 +� `z'•% , - 1 . ; :, ' 7; )�, i HUNTINGTON BEACH,CA 92615 IIUNTINOTON BEACH,CA 92649 (it c , � , { - j y '` 1 I. i I , `ram ,ir1•sI.I': s `__r� `�.�� Date of f Agreement: January 1, 1993 It + ,1 l.,e r I. ;�4 •w �� r'j % PrlRcipBl Amount: S78R,740.52 rr , r, "` t; UESCNIpT1ON OF pr!S71NQ INDEBTEDNESS. REAL EST4TTr PROMISSORY N,011=DATE NGVEMBER 1B, 1DEt11t)THE Oh1GtiJAL AMCIUNT QF t J .:7� p + �x COLLATERAL. GEED OF TRU:r ON PROPEH7Y L�ATHGOFFIC O11 WI•'�T1NiE COUht'PY i1 CORDEn hOvEMPCR 29, IM A9 4 r r,�'�,. i J '} ' t� ti •+ I VESCRINTION OF ,1,; t HUNTIIdQTON BEACH,CJ1 DATED NOVEMBER 18, 1@00 AND RECORDED IN ,C I. I� � �� r t - #! t t! 1 1'< IN. NUMBER 96-620142, �,, < ,;� r )) - `1,11 ,J r� +",,;';', i + `', bESCRIPTION OF C,IANC+E IN TElIMl3. FXKND MATURITY DAT!Et IMPLEMENT REPAYMENT TERMS:CHAPIGE INTEREST RATE FROM 11.076 [ ` -+ , !:'J6:ADD INTEREST RATE FLOOR AND CEILING FF.ts'IURE. I t %t t++ , ;: . T :+ '! is`' �� t;, FIXED RATE 7U Flfl+RIM_PLUS 1,7 remises 1e pay to HUNr111t3TON - :, '� 1 j t, + !,k t ^, ,tie t )t;�J t!;;is, till ,';;l i'RUMISE Ta PAY, T,iL REDO orderMnN wf AGENCY Emonay of the Untied tales o NAmerica,�he principal pal smoun,of 3avey 4iundred Etphly Gphl �+ � . .I ,t NATIONAL BANK ("Lender i, • ,i t Jf •� touurnd Seven Hundred Forty 6 E7/100 Dollars(l7eD,740.F2),together with Inletesl an the ut�petd prtnclpal balance from February 1, 1942, ��t` '+tf(,+ ;',t •I i,tj:1 '� r".Ill� .V, }. ,� t ,,'7 ; ' uulli geld Ur lull. The Interest rate will not Increase above 12.760'%. this loan in {, , c , 1� t! 1 '`:� ( '' I s - Subject so any payment cheapen reautling from changes In 1' arvl'Uterea'. payar Fewer imant of $11,779 51. Borrower is oral p Inc Nei . , �•' J AYMENT. S of each monist plt9r that. In eddlllon,Borrower `' ;tt t +it `_, rS 13 ;�� ''1� `` wads, In 17e prtnclpal payments or st,oel.00 oae:t and one Onal princp ��� ,t ,. ., 1l meat Hate. Dorrowor's Tirol interest pnYmeni Is due Mart„ �, ,r p t'- p0yatenl to due March 1,latane``all s accrued t Or' dllnlaresttdues sr of each ue pay ellthe day ll due February 1, i .till tJ '•. 'Y Yy rs , _ f` •s ear r?Ii 1 " wlll pall re d all s monthly ant Inlaroet N lymenls are dw un!hn same day or Oath.nonlh alter that. i3orrowor'a fleet paymo, �} ," t, 1tta7,an J s u • , r,'� `t = ''• ,,. limos Iho of standing y;rin:iprJ balance,tlmos the actud number u1 days Iho , ; 1- . 7ood,1, d for all prtnclpal end accrued Inlernsl not yet geld. Interns;on Ihts Agroemont b computed on a 3G5/360 sdmp a lntees!bads•t,,al b i. s inlarnsl role over a your of 360 days, 't I n the ratio cf the annual is address stticwn above a at such other plats as Lander may dr:,gngle In a +J,1N + �� J' ' :r ','ja' - •? I by apP Yl 7 w41 a Lender at Lender's un old Interest, then to prlrclpal,and any 'T��r;� r t ' it• `�1 `; r+ l� J{ ��l I �=� p+btctpal balan:a Is oulslending. Borrower P Y s t`•' ,�. J writ n . Untes olhorwke agreed rs roqulroa by applicable law,paymanle w,'tit bo apptie 1 Ersl !e accrued p j Mtn ,�, , �, rnmalning onu+unt 13 any Unpaid collodion cost•and tale rh;,ryos. or.chop , ,,r ,.: +}:; tale on lhts Agreement Is sublocl to charge hem time Jr.Ilma based Ina low sonlo tits pad by Luntder on M s}, !, _ Y s�i� i ; �_S �5 q. t J L�' + VARIABLE INTEREST RATE. The Inlnrosl . , �'t ; ;,� A.,} c 3�111 - 1 1 (i 1 'J i s i 1 �,� { ' i r,o'e s subrtilule Index aF.ar noises W Borrower.,a.orxlar wtf +`+ whkh is the FIRST INTERSTATE BANK OF t;,r1LlFORNIA t+RIM[RATE(Iho'tndax"). Tlxr!ndax Is no rs.essa ,', 11,loans. {I Iho Index bbeomas unavatiable durirtp the form of Ihls loan,Lander moy dosig The Il,lareat vela-of rates F so be applied to Iht; �'w,= I t ,,S ` ?. ,t1t +y rr!3 t,jr �' '" ' 1t r" IuU Borrower tha surreal Inrtox tale ur�on Brxro n eaoh DAY. The heindex cure Uy I e oo07di,peraannim t�s ed necn leery fo the ml�i+lmun ,- h.�It; t '�: ''` ` :, j t� A.. + ' �' 1 Interosl rate change wig not occw mono open 1 N,+4 `''. t , e�' un old rinclpal batance of thla Agrrtoment wili be al a tale of 1,7tio percentage petals aver the Index,ad! rat 4 Z �t. k t� 1t7. 1 1 `�� r In ihla Agreement wlll be subject to the loltowlnp minimum lorden NpMrr eWl ,� +, � ,I t j`'�t1' t s "- and maximum rate 1im11allona described below,reaulling In an initia rate of 7.7 o%per annum. Notwtlhetanding any alhr+r provtelu of ihb � s a � c,,.,, ;�� I • ., t Agreement, the variable Interest rate cs sates provided to Y on �� 1 mum isle allowed by opplkable law, '+� �r�i``' '1C`r�` ��L++ 1 tt �` �' + f r �1 be loss Ihan 2.754%,roc annum w m+xO Thar.(except t ,,,i ,, fJOT1,.E: Under na sdrs:u,nslances will Iho Inures rattl on Ihis::groame. •7. r q loan roes and ether prepaid Pnencc charges Oro oarneri logy as of the dale '? t • r; �y ti' ; o .14 1.t s l ;y,i} t y ., ++ 'j! rato shoJvn below)Iho lessor al 12.7ti0� ps'r annum or the rn.ud i I • I ,t�; PREPAYMENT,MIN{MUM INTEREST CHARGE. Brxrawa agrees Ihal a QI , . ��+ I.". :+ ,'�-",_; >� •y , + '? s''+, 1. / .Ij.. 1 be sub Ito rt!und upon early Pnyrtar.l(whellwr voluntary or as a result cl default) excbpl as otherwise rs 'tI'od by law. in ' ~`r '*' - ,, I'' + t+�` •vI..I•-. .. nand will no � erslands That Lender Is entitled to s minimum Internet charge of S100.00. r �I 3, '. I = {�.l-,. -y' ';-„+ F , s , _. al the lea Ap �?- s 1i;- Lt 1 any avbnl,even upon full potion teensy any minimum Inlorea1charge, B ower mall pay without►eneily au ar a parson of Iha amount owed r etelts O 'fit;r ,,i` , ,i,.I - ,i /, ,Y y.1.. 1, ";,'� ti Other Ihan eorrowars oblfg P Fiat }` ¢IT ` ' ' ' `I ' .., ?!�. Ihan II is dt e. t:e paytrwnls wtb not unless agreed to by Lender in writing,reltavu Bsxrmrrslr of Borra'Ncr's obligation to canlinuo to make pay„JrrnbIii ;- ' a{balance due and may result In Borrs�wor's mewng lower payments. ,> V F ,z I rr,_,'t„h,I , ts'Ai (,. I`•, under the gagman'schedule. Ranter,they will induce Iho p'inetp * ,`I r,! !r.� Y �', l 'r, ' {; LATE CHAftQE. II.z 4•eymenl Is 16 days or more Isle,Bortowur vn11't)e charged LOW%01 the rogularly echadutart payment or t:50•og,whichever " � ,FI" 1. 1 �� rti T,: r� Is greater. �,` pOrrOwet bail s any l 1., k i• i r ,r 't'i 1 „s: a Boaawar r8'.3 10 make an paym6nl witen dil: !b) , t�t,� t- I , ;L..1t t �+ ;!, l Promptly al Iha tlme and softly(n the manrxrr pwvided In that Agroemanl ur and , t ,^ ,:.r,I, x.". ,, t i,� .t�� j,}ti 1 D::FdIA.T. DorrOwnr wti)be In default It any ul lao following happo ;;.,, o i la promise Borrower hats made to l9ndrx, a Borrower Inns to patio por.wilh Lund `. ,. n •�` ' '3�` I ...:,, t,!',7, .. o r„oment related to this Agreement, or In any other Ig`e i e r�loading In anymale I respect. (d)[loyrrm+rerbecomet n dvantn,inl rrOce James a ;.y `t } I f "; L .11 �'.`: '� t�` :, i ttl. i '' t u dahod to Lender by Eiorrawer or on t3arOvror'a bopsist few the t � r .,,+ a -. J' ,�? } appointed for any part a,8on'owa's property,Burrower makes a lawslg a)Any cretfilor trios tO la`sad Hoy o,Borrower'sproPo on of whkh Lend Ir �y�11ir� t� ;, 4+, �ti, �' t,; Cry r-`" , ,� ©txpro.ver a agansl gorrtrivet under any bankruptcy of Insottroncy ( u M!{;; r,,:1 ,- r�it i ) ,` .;. 7` ' ! ed tt.Ihls old!aull ,,u s,,a,� A,, "; t4. .11 ,; ,, g, ..,I i>as a Ion or socutity Into..st. This Includes a gcrnishmonl of onY Landon good to h dssems Itself nsec(ure.nY o!I. I Ovanls de••z b '�4',j {�, r t LI l ` �l:' ..;` t '` �� aocdon't�xun wllli respect to any guernn!ot of lhb AgroomenL (g) rincloal balerv� on Ihls A�1�►em0nt ai d al{ acaruad uiraald Inleret l �r 'p, ;t°`, i lg ,- t ' .,�., + ,. ' $fit+.ti F4+i}4,'' / '�' � -- r A:l l .,1 I1 ( 1I ri , '�Jr; M» ',I rt '7r21` ti, 1 s y. Cis,-r,• ��, 4 ,! I LENDER'S F11QIiT3. Upon dolend 1'nondBa oweaw declare the If►e1 am unl�Upid on Borrower's failure to pay an amouals declared t1�o pl+rsuanl to this 't, "t �' �`r %' r� ':"; �r ImmadlnL�ty due,without nolke,a + + 1T 4, j I r ,�; z ,.� .� ; °I--'.,; '•,S� � r ,rylwo to pay upon Firut malwhly,!.ender,al Its apUon.easy else,ll permiNed under epplkahlo Inw.do one or both d the lotawln0. ., (t,t.' , t "r��t Y � f:. , ,, t JI Ls , i inadudi rg - to an',hts A{�ramenl l0 8.750 poreant�ge dos over the Index, and (b) add any unpaid accrued �tterosl 1a l r y, ,` F . t,P ,y ,t 1 secRan, nun.. This includes,stbjec to any , 3 ii;{ ;Li(ff X : ,K� rf �" C ' °. (a),inCTOa50 (t10 Varial7{O I„refC.t re S ".:� �' " t•`�iYS' T : tr"+1's, lit! .: ,, , ,;, , Borrpsryer also;will pair Lender that am _? 4' rr,t :�.,� r,, ,. :� ! c3,} rincipal and such sum vviN,boar Inlernsl Itiereha,n yt1+tcwa Joo Hal pay Wed is INs A(aasmenl(Induding sny Irt�Yoased race).+Lender may Nre or ,. t ,1► ',r,1'l!„ t '� F , , , •t `"t^.�x j pay someone else to ho!p coped this Aprorm0 1'S tt++ gals, end any entidpslad ;", tI ,m :r}t ,: �'ra`�",v I, t° , t,- ,;;r >> ' tie law,Lender's alltxnoy.?,ivs. �Ird Leto arrtod�slcrxvacaslsi ant 1u orpalb l+ Y or�lt urc ton), app attorneys toos'und boat .k ? { ,.� ,� ! +; I i ,,A' i , — ,t 1n. Omits under apt + law. This Agreement has bean Jinx,; ,,� !°>t�+t yl r ,� I"�, 1 It: +/)'%a'''.' i:(:'t expanses,(or,bankruplC)f proceedings (ir>Gl��d►nr.d (O Ran court teals,In addition to r+p oltwr sums p elided by .I r > , 4 t'?e,s= }?i,, ,hi /, , ,' 1y , pa;I-yudCmonl colbcUan servkrJs.etxfowO�,_ a;., pair Y shall.bn gev+tmsd by aid construed In tt(et }� j, i` .:+ I'/ ' delivered!o Lender and accapled by t_endar in the Z;late of Catlfamla. If there Is a la+var 9rxrower agrees Goon Lender's•request to submtl ,'Y Tlr;, ��I'�sr si.'' �`tw II ,'fit!. I+ '� to the �urisdichon or the courts of OnANGE,County, (he Slots of Call,ornte. Th1a Ag,•sMetd rr - ?, I+� 1 } 1 i� accordance wills the tewb of the Stele nl COtllornla. . �i�t� rr�'r '�; t ,; ; , ,I - yam, Borrower *ill pay a lee to Londb: of i1t5.00 It Bortrxor mattes s p Y wcx'Js loan and Iha chacM of .�'., ' a na+tt on Bcrrc ` �' �'' r,� '(f ,i'1!0`r>fit � , c - 1`01 • 4 II ,"' la',. :� ' uISHONORE0 ITEM a h lacer di.•honorod. ' - ea.rand :i tor; + ',., 4�I , ' i, •�4 ,, 't °' , t,+.�,? +, t. . , ;-♦ proauthoritod charge wild which Borrower pays Inlasolt In.And ' 13').y S. BotTower grants to Under t conlraCluat possessory securl�oun with Lender (wh he ct�a+king savV^04�sa„t0 ol►�r t� f +Y �����,.`` ' ,«,Ni� u'� �r�i r; ,' ' ` + ''i}r, ''� t)EPOSIT ACCOi1NT Its title and Interest In and to, Borrowers a (, 1 :, ! • +t V''r l,Z�W 1l y'�t�,t ,'`,<l) ", ' ,�'<rt r,,„� t1 ti ..'V t' ) i- IUlure,,prctudingil r S ts.r r'< ,r�1 ►1! I : ,i, I .r l+ans,ets to Lends all Borrowor's fig lit, ow s. t 'i e}• ++ i,' accounq,lnduding urilhoul Ilmllallon ap accounts held JoinW with sormo^e else end aft axocnts Btxrowe, may cpnrt in 1 s loe�tsd ,,+ r r I ;t , ,IT it,.If, I s,'�t r)�. �'� .`1 all IRA:Keogh,and Irusl axounlb. 't a• j 11.`ii,,rir.' ; ; , ; .t, Died dec,ara lmmedtaloty due j�--,`i r %k ` ' � �y,, }�, ')�` :t. , ,, rt� r! ;, -, COIL•ATk"ttAl. llorrr> ,acknowlodnas this rtieml echo„s1„s, he IoAow due onnsafa ptovtslon. La der m�aBy,,al its ep on,n rat propt+M ,a am/ 1,.4 J'° t a 7 ;,, (� y ,, t,r ',=- t f + r,r c de of t:aAfomis. That agree dor'a oc vMtlen consanL o,a10r env pin of Iho peal Properb �� � . ,,J :rt 1 i Tv Z r lrt,�; • ,'11 ,A i I i c ',''•I s7w►N6E County,St nq hl,title Or Inlernsl IheroJn;vvnathor 1 a egSrUabloi _ G,,: s,t;-� and payable op sums sa.ured by►his upon{ha sole a transfer,wllhouI-the Len or any d@ 1 'f'itt�.r `' ;! ' i',7 ' 4 j;l -: i`, i "`•'•' r Interest 1n the Roe1 Proporiy. A"safe or translor means the conveyanc'�of Rrta!Property bp010 h I. !l, r. `+'r °s 1 � j . ;:,,,fit �;; .v i wheUtat by outright We,deed, Insla!Imenl sob aonlracl,land controcl,conlrost for deep,teasel d iholding nleres with a 1 cSt.+ y, I ; ,,4 ; 4 ,I;,I,It)f ;tr! i, ' r,: wholttvrVoluntaryorinvoluntary; or e ""}:w ;,V t �I;:f'l teem realer than three(3)Yana,lease`°Plbn cenlrect,or b sal ,d Intonate1l any Gr nt later of or Is a eorpora!Mn berselliclall lof partn in of to wsldpriq ntmn%fw also lndudes ,�'r'�., tItI, 1%� ��` Ml� ',- Ali ' , I ,gat,; ,i f,t '1°riff' , +: t Iho goal Property,or by any other method of co0nvveaYa ;(2S%)0lf Real property voting stock Or partnerst,Ip irtlaraz tor,as{tie case maybe,c.Gtanlc+r. However, ?.r�r,- �� �, 11r.,,;j t 3y+1 I-1,afi� !; `.�, :F.') An ctlinga In ownorshlp of more Ihan I.xar Y- Pe .t '1' I�et . �1'� 11 t tt �}►t"i s, L3 V.. -. t Uris aplton slop nut be exorcised by Letlrtor Ii such u J3sclzo Is prohbi►ad by eppGcabk taw. �?� r tt+ ,! ,t `t{ir 1�4;;, , + ,'{t��f yfS?5 L.�•" 1, ?, ?�. t. , ,fill ( ��tt It , .I t tttda:ding sat a,+l�menis •i+` •� . fi,1. _, f f`411 • S" ,: :.''-' rr tINUINCi VALIDI Y-`ExeoPl es exNrrnsly changed ty Itt1s Agroi Irene ol,end OHctL Conson byiL nldttrt Ilon hls A�rrss eealionsl dons not waive LR++d+'•'s _� , n , R. i , t. ' ''� i f iu:??, I?,.I ,� I evidencee.;r securing the obligalion(s).romain uncllaagod and in tut . , 'f, t/ <, �r�, r + r' �, f I' I i s:.' orfumance rl Itte obtigation(t:)as ahangod,ncs at:Gtysle Lander to make arty tulles change In lams: halhirg In INs Agreement wa d i{ t i,l,;rt'� r r"�; 's,e t.i s.:l, rI tom, ; rtghl io s. p a relate as Hebb aisles ea makers and endortuxs of l!X arlglnel obOga auto) ;}+' r, rr,11jI? 'F,t ,-,' 'N I.�rr, ` "`' s '�` r;��)t '? consGtule a salislacllon of Ifhi obligallon(s). {t Is tits foist+flan of Lanrlc 1 D 4 �f:�3t 7 ''' ,r� ti z ��J��JYf releasedy , t+tdussng uctommodaltori part' monl below,. Aithen all persons / i!hu5' �'{-,iyJ� ,r` + x t ' ,+',r-t}, �, Al` ,J;,;f es,ur>lass ar oadY II enp p o by Itro ori2lnel o Lender In �bpgU on doer.not sigmaker or dn h'�s�AgreO ing eccommodatlon ma ere, r Fs y r r •11'+. ! p;�1 i,A \ rI cones Its to the c- .� �',- x zzt ! ,I y rj ,; �, I� }�-;. •f Mrtl not ba robased by Wrtuo a,ills Aq ee Y .`.M. 14`, ' .y ' } „` . ,� ,•.1 ,, r, •-'.:1�`+� wled a Ittal this ApI eemanl is given conditioaagy,based on the rapt waiver anpries Only tepee)i�til extension,modillcaNan or �`' r j� r '; i�1,f,+r,_. i;r` 1{J. 1 ,,v s;gnlrp txrlow ackno g1 „l..,rfY t �N. ��i i " tr i ;`,}� A`I'., ,�';S tie' ''3 changes and provisions of Itds Agreement rX oiarm++ise will not be rellutss+d by N• 7»Is P ,'i`� tt ij i11'A rt"''1 7t+7��� ! r t 71 iv S l�I -"Kfi;'( _�-,r„ w r -»�^!f t.r7^•�,� r i ,7+ T 1 Q 7y�/ 'h-y. �r�� :� +,x'rfl t It��- ..» .w..«.•........-....-��»�. --='"i -. L" , ilk+ , Ir } �t�! 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L �• I :{ , J. t��, j'l�„ ..+• '}, a-,t /` ra. -, U . 1 (1 1•ii t .1 t j Z (`� ,. �r ,, t�.,r, 1 t - ,,.'i. I : + -ts I'.l��h �'!`.F'.. R '`, 1 •� " .._.."�iJ� -'-'.:_Ca. ,i 2:�:r i _-• .�...,_...__.... .. ..... .. ..._ .._ ..._ .. r r�rAr FF S.1c•r . f'•ty 7S �� `'l ` ' l ti;;%N:�'•�iL'• fl�!.� r : 1 e: P J /tr1 Irr��rr t Pa & 2 l _{ =t CHANGE IN TERMS AGREEMENT 01-09-1fl93 (Contlnudd) i r. but IA &",,a at_.:ch subsogwnl r ellons. hat not ` + f911a10,l7 ' IrriuSlon of S W�t0 defautl provisions or fthb L•I Leh�Or 5 t f F 9 MIS PROVISIONS. This Agroerrlenl Is p4yabla on dorm The p ; r ' s;.lud�LendEra rfghl to declare{�>tymonl of this/.groement on Its demand, Lander may delay or tape enforcing any of Us lights or remodel undar pprt IiJs AC;aemenl to Ilia extent rAcwed by Inw, ~'� : I this Apreomen'vAlhnul losing them. Dorrowor and any other person who signs,guarpnlees err endorse. f , I Yt forosl Innd notice of dishonor, upon any charlgo In Ills terms of Ih�s t , `1 �, , . > 1 ,i votive any applicable slalulo of imitations,prosorimonl,durr>,nd lar prlym9nl,p. Agrelurwnl,and I:nless oltlerwlsa exprassty staled In wriling,no pert j who signs Wit AWCOMON,whether as mall(,guararlor,accommodaton mak" ,� r r{ � w indtrter,chats be ra0kased from t1{bAlly. Al such parties agree Itral Lander may renew or extend(rcpoaledfy and for any lend t of time)INS MO.action or } i I,r r.1. ,• �} ,, raa&se any party or gwnnlor or cetalaral;x Impair,Inn to rettza t on a perfect Lenders security inlorosl In lha coAaloral;and lake any oL'►a action ;>,� deemed rvsc�sary by bander wllhoul Ilia consent of or nctk*to anyone, Ati such prtrtias also nproe that Londor may mod. this tear,wllhoul Ilu 7 Try+'°.yl`' t'r `r �'' 7 �,r� with whom the mcdlM1caUon b made, ,rr 1_„•t eortsenl of or notice la anyona oilier than Ihs party , BORROWER RE" AVO UNDERSTOOD ALL THE' PROVISIONS OF THIS AGREEMENT,INCLUDING PRIOR TO SIGNING THIS AORID:MENT, THE VARIABLE INTEREST RIXE PROVISIONS. BORROWER AGREES TO Ti1B 'fEtaMB OF,THt: AGREEMFNT AND ACKNOWLEDGES }t RECEIPT OF A COMF&M- ED COPY OF THE AGREEMENT. P Y ,I o x it 2 flrl,,i ito REDEVELOPMENT AC OF TILE CITY OF(iu1JTINGTON[IPJ1C11 EL By i=CHAIFIMA1I~� �F1i ty_� — •��r4:i! ,IpI,1s, '�t `t, .;Y >, r i t[•1 15 'y a'',1 .�_ tr..--'�.Y— r` .aF f 1 }` ,+ rr''} ,r LAGCRPFtn.F:e U.6.P.1.eT.M.011. VM.aflr)tul7cFIDu7YalCmk�Orwp Ir AMrIOhIII,��Yu> ,., t7 IS�,1 J J lk` , ' Fl".070PI aC111H9LA011.OV:I r c:: ,1wi'�z�t t y i 1 _. t Vtitllbi•n.u.n Inclp.l.Inlw�li r l } t ,� ;� 7},iij ( NA17Q , �;; •!3 :rrr 1 t , i� �r 4 ft �4, t- 1 11UNTIh>, NAI. HANK r r. ,:'� f 1, r' •. '} . / " t7. '1rt�t �V r.Fl y ' f r �V one u .a, ( F, i>re Prey 1 i r , y }, Z1 t 4, fi rr *l.rii rr 1 tj``�•.`�'1,1 i ,�/� j } J ,�, •L t: ,' I I. i #�•�1 J,�,t t'F.g':'r� \i 3. ,`111f� ,. 1 y /.•j , !, 'fi ',� I ,'1 ' 5.,,)'T�{. 'i�l*.' yf. •, ,- r t tlyt�i•1l�=�' ��� � J �'lA .� r �?; r , .. rt'� rrJ" �Jl^V7,1' =}t 1 � :�! 1!'7. 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". .< � l-. r".. ..:. ... .....,'.y.,..,.�.:. . r w.....�.,.--.,a+w .r. .... ..a >t Lire.Vr� \� •d1: �l L.'urti�A � / •� .\r' .... r, ; 'rya• �� !� CITY OF HUN TINGTON 9MACH — ,� W INTER-DEPARTMENT COMMUNICATION 'f uNTINGTON IM11 TO: Art Folger, Deputy City Attorney '' ' " F1 OK Connie Brockway, City Clerk CB SUBJECT: Refinancing of Existli,g LoF ; on Agency i'rope-ty is �� 5' � '�• DATE: April 7, 1943 , � • tom' `j '1 i it Please advise me if it is permissable to execute the attic%ad new agreement with change t of terms, than was set forth in the agreement which was approved by Council on 3/i/93. 1 �? have included the 3/1/93 RCA for ynw• information. t r t, •� x The charge in the substitute agreement is in the variable interest rate section. I hrve also ' attached Dan Brennan, Real Property Agent's MI-mo of request. 1r' r ►, , ,4 �?, I believe it may need to go back to Council Please call me as soon as possible. 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