Disclosure and Submittals Sample Clauses
Disclosure and Submittals. The Owner and the Proposed Purchaser shall provide the following information and documents to the City:
(1) The name, address and telephone number in writing of the Proposed Purchaser.
(2) A signed financial statement of the Proposed Purchaser in a form acceptable to the City and any other supporting documentation requested by the City. The financial information shall be used by the City to determine the income eligibility of the Proposed Purchaser.
(3) The proposed sales contract and all other related documents which shall set forth all the terms of the sale of the Home. Said documents shall include at least the following terms: (a) the sales price; and (b) the price to be paid by the Proposed Purchaser for the Owner's personal property, if any, for the services of the Owner, if any, and any credits, allowances or other consideration, if any.
(4) A written certification, from the Owner and the Proposed Purchaser in a form acceptable to the City that the sale shall be closed in accordance with the terms of the sales contract and other documents submitted to and approved by the City. The certification shall also provide that the Proposed Purchaser or any other party has not paid and will not pay to the Owner, and the Owner has not received and will not receive from the Proposed Purchaser or any other party, money or other consideration, including personal property, in addition to what is set forth in the sales contract and documents submitted to the City. The written certification shall also include a provision that in the event a Transfer is made in violation of the terms of this Agreement or false or misleading statements are made in any documents or certification submitted to the City, the City shall have the right to foreclose on the Home or file an action at law or in equity as may be appropriate. In any event, any costs, liabilities or obligations incurred by the Owner and the Proposed Purchaser for the return of any moneys paid or received in violation of this Agreement or for any of the Owner's and/or the Proposed Purchaser's costs and legal expenses, shall be borne by the Owner and/or the Proposed Purchaser and they shall hold the City and its designee harmless and reimburse the City's and its designee's expenses, legal fees and costs for any action they reasonably take in good faith in enforcing the terms of this Agreement.
(5) An executed ▇▇▇▇▇'s resale agreement and deed of trust from the Proposed Purchaser in forms provided by the City. The rec...
Disclosure and Submittals. The Owner and the Proposed Purchaser shall provide the following information and documents to the City:
(1) Within ten (10) days of an offer from the Proposed Purchaser, the name, address and telephone number in writing of the Proposed Purchaser.
(2) Within ten (10) days of an offer from the Proposed Purchaser, a signed financial statement of the Proposed Purchaser in a form acceptable to the City and any other supporting documentation requested by the City. Owner acknowledges that the City may request the following documentation (1) pay stubs for the most recent pay periods; (2) income tax returns for the most recent tax years; (3) an income verification form from the Proposed Purchaser's current employer; (4) an income verification form from the Social Security Administration and/or the California Department of Social Services if the applicant receives assistance from either of such agencies; (5) if the Proposed Purchaser is unemployed and has no such tax return, another form of independent verification. The financial information shall be used by the City to determine the income eligibility of the Proposed Purchaser.
(3) Within ten (10) days of an offer from the Proposed Purchaser, the proposed sales contract and all other related documents which shall set forth all the terms of the sale of the Home. Said documents shall include at least the following terms: (a) the sales price; and (b) the price to be paid by the Proposed Purchaser for the Owner's personal property, if any, for the services of the Owner, if any, and any credits, allowances or other consideration, if any. Additionally at the same time of the Owner submits the proposed sales contract, the Eligible Purchaser will provide the first mortgage loan documents that the Eligible Purchaser intends to enter into in connection with Eligible Purchaser's purchase of the Home, which loan documents shall clearly disclose the interest rate to be charged on the principal and all other terms and conditions of the first mortgage loan.
(4) Within ten (10) days of the City's approval of the Eligible Purchaser and first mortgage financing pursuant to Section12D(5) below, the Owner and the Proposed Purchaser shall provide the Closing Certification attached hereto as Exhibit G.
(5) Upon receipt of the items set forth in Section 12(D)(1) through (3), the City shall review such documents, shall determine if the Proposed Purchaser is an Eligible Purchaser and if the sales contract and first mortgage loan documents ...
Disclosure and Submittals. The Owner and the Proposed Purchaser shall provide the following information and documents to the City:
Disclosure and Submittals. The Homeowner and the Proposed Purchaser shall provide the following information and documents to the SDCLT:
1. The name, address and telephone number in writing of the Proposed Purchaser.
2. A signed financial statement of the Proposed Purchaser in a form acceptable to the SDCLT and any other supporting documentation requested by the SDCLT. The financial information shall be used by the SDCLT to determine the income eligibility of the Proposed Purchaser.
3. The proposed sales contract and all other related documents that shall set forth all the terms of the sale of the Home. Said documents shall include at least the following terms: (a) the sales price; and (b) the price to be paid by the Proposed Purchaser for the Homeowner's personal property, if any, for the services of the Homeowner, if any, and any credits, allowances or other consideration, if any.
4. A sworn statement, the form of which is attached hereto as Exhibit H, from the Homeowner and the Proposed Purchaser in a form acceptable to the SDCLT, that the sale shall be closed in accordance with the terms of the sales contract and other documents submitted to and approved by the SDCLT. In any event, any costs, liabilities or obligations incurred by the Homeowner and the Proposed Purchaser for the return of any moneys paid or received in violation of this Ground Lease or for any of the Homeowner's and/or the Proposed Purchaser's costs and legal expenses, shall be borne by the Homeowner and/or the Proposed Purchaser and, without limiting any of Homeowner’s other obligations to indemnify SDCLT, Homeowner and/or Proposed Purchaser shall hold the SDCLT and its designee harmless and reimburse the SDCLT's and its designee's expenses, legal fees and costs for any action they reasonably take in good faith in enforcing the terms of this Lease.
5. A new form of Ground Lease and Letter of Stipulation, as updated and provided by the SDCLT, executed by the Proposed Purchaser. The recordation of the new Ground Lease shall be a condition of the SDCLT's approval of the proposed sale.
6. The name of the title company escrow holder for the sale of the Home, the escrow number, and name, address, and phone number of the escrow officer.
7. Upon the close of the proposed sale, certified copies of the recorded Lease, a copy of the final sales contract, settlement statement, escrow instructions, and any other documents that the SDCLT may reasonably request.
Disclosure and Submittals. The Owner and any Purchaser shall provide the following information and documents to the County at least fifteen (15) days prior to the close of escrow on the Home: The name, address and telephone number of the Purchaser in writing. The name of the title company acting as escrow holder for the sale of the Home, the escrow number, and name, address, and phone number of the escrow officer. The proposed sales contract and all other related documents which shall set forth all the terms of the sale of the Home. Said documents shall include at least the following terms: (a) the actual Resale Price for the Home; and (b) the price to be paid by the Purchaser for the Owner's personal property, if any, for the services of the Owner, if any, and any credits, allowances or other consideration, if any. A written certification, from the Owner and the Purchaser in a form acceptable to the County that the sale shall be closed in accordance with the terms of the sales contract and other documents submitted to and approved by the County. The written certification shall include a provision that in the event a Transfer is made in violation of the terms of this Agreement or false or misleading statements are made in any documents or certification submitted to the County, the County shall have the right to foreclose on the Home or file an action at law or in equity as may be appropriate. In any event, any costs, liabilities or obligations incurred by the Owner and the Purchaser for the return of any moneys paid or received in violation of this Agreement or for any of the Owner's and/or the Purchaser's costs and legal expenses, shall be borne by the Owner and/or the Purchaser and they shall hold the County harmless and reimburse the County's expenses, legal fees and costs for any action it reasonably take in good faith in enforcing the terms of this Agreement. Upon the close of the proposed sale, a copy of the final sales contract, settlement statement, escrow instructions, and any other documents which the County may reasonably request shall be provided to the County by Owner and any Purchaser. . PAYMENTS DUE TO COUNTY UPON TRANSFER OF HOME.