AgdaPkt 2017-06-12 Joint SA PFA - Laserfiche WebLink

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(2) execute and deliver such Assignment and Assumption of Affordability Agreement and such Assignment and Assumption of Regulatory Agreement (each defined in Section 4) in connection with the Affordability Agreement and the Regulatory Agreement, as may be reasonably required by City Manager of the City and County, as appropriate, in connection with County’s assumption of the obligations of LifeMoves under the Affordability Agreement and the Regulatory Agreement, in accordance with Section 4; (3) execute and deliver such Assignment and Assumption of Loan (defined in Section 5) in connection with each of the Permitted Senior Mortgages as may be reasonably required by the lenders in connection with County’s assumption of the outstanding principal amounts of the Permitted Senior Mortgages in accordance with Section 5; (4) to the extent assignable, assign to County, and County shall assume, LifeMoves’ interest in and to any and all assignable permits, licenses, approvals and authorizations issued by any governmental authority in connection with the Property (the "Intangibles") by duly executed assignment and assumption agreement in form and content reasonably satisfactory to LifeMoves and County (the “Assignment of Intangibles”); (5) deliver to County a duly executed termination of this Agreement in form and content reasonably satisfactory to LifeMoves and County (the "Termination Agreement"); (6) deliver to County such evidence as the Title Company may reasonably require as to the authority of the person or persons executing documents on behalf of LifeMoves; (7) deliver to County a certificate duly executed by LifeMoves stating that LifeMoves is not a “foreign person” as defined in the Federal Foreign Investment in Real Property Tax Act of 1980, and CA Form 590-C certificate, and such other affidavits as may be customarily and reasonably required by the title company, in a form reasonably acceptable to LifeMoves; (8) deliver to County such property files and records which relate to the continued operation and maintenance of the Property; (9) deliver to County possession and occupancy of the Property, subject only to the Permitted Exceptions; (10) deliver an executed closing statement approved by LifeMoves; and (11) deliver such additional documents as shall be reasonably required to consummate the transaction contemplated by this Agreement. REV: 06-06-17 JS ATTY/RESO.0051/CC RESO REDWOOD FAMILY HOUSE TRANSITIONAL HOUSING LOAN FORGIVENESS Page 54 of 68 6.3.B. - Page 59