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RESO OB 15-05
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RESO OB 15-05
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Last modified
11/3/2015 10:21:02 AM
Creation date
11/3/2015 10:21:00 AM
Metadata
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Regular
Agency Type
Oversight Board
Date
10/29/2015
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10. Escrow Instructions. The parties shall deliver subordination agreements and any <br /> other documents reasonably required to carry out the terms ofthis Amendment. <br /> 11. Full Force and Effect. Except as set forth in this Amendment, the Deed of Trust and <br /> Covenant remain unmodified and in full force and effect. <br /> 12. Effectuation Throu�h Escrow. The transactions contemplated through this <br /> Amendment are expected to close through an escrow with North American Title Company (or <br /> other title and escrow company reasonably satisfactory to the parties), at no cost or expense to <br /> either the Successor Agency or Housing Successor Agency. Each party shall sign appropriate <br /> escrow instructions consistent with this Amendment to carry out the closing. <br /> 13. Successors and Assi�. This Amendment is binding on and inures to the benefit of <br /> the legal representatives, heirs, successors and assigns ofthe parties. <br /> 14. California Law. This Amendment is governed by and construed in accordance with <br /> the laws of the State of California. <br /> 15. Counterparts. This Amendment may be signed by the different parties hereto in <br /> counterparts, each of which shall be deemed an original but all of which together shall constitute <br /> one and the same agreement. <br /> IN WITNESS WHEREOF, the parties have executed this Amendment as of the day and <br /> year first above written. <br /> ORIGINAL BORROWER: <br /> MEZES COURT ASSOCIATES, <br /> a California Limited Partnership <br /> By: MP Mezes, Inc., <br /> a California nonprofit public benefit <br /> corporation, its general partner <br /> By: <br /> Matthew O. Franklin, Assistant Secretary <br /> BORROWER: <br /> [TO BE FORMED LIMITED PARTNERSHIP] <br /> ATTY/AGR/2015/AMENDMENTS/AMEND N0.1—OMNIBUS LOAN DOCUMENTS CITY CENTER PLAZA <br /> REV:10-23-15 VR <br /> OAK#4834-8174-3401 v3 <br /> Page 4 of 24 <br />
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