Common use of Filing and Recording Fees Clause in Contracts

Filing and Recording Fees. Borrower shall pay all title insurance premiums, escrow charges, filing, registration or recording fees, and all expenses incident to the execution and acknowledgement of this Mortgage and all federal, state, county and municipal taxes and other taxes, duties, imposts, assessments and charges arising out of or in connection with the execution, delivery and performance of this Mortgage. By signing below, Xxxxxxxx accepts and agrees to be bound by the terms and covenants in this Mortgage. Borrower Borrower STATE OF ILLINOIS ) ) ss. COUNTY OF CHAMPAIGN ) I, , a Notary Public in and for said county and state, do hereby certify that Personally known to me to be the same person(s) whose name(s) subscribed to the foregoing instrument, appeared before me this day in person, and acknowledged that signed and delivered the said instrument as free and voluntary act for the uses and purposes therein set forth. Given under my hand and official seal, this day of , 20 . Notary Public EXHIBIT “A” (to mortgage) PROMISSORY NOTE U.S. $ FOR VALUE RECEIVED, the undersigned (“Borrower”) covenants and promise(s) to pay to the order of the City of Urbana (the “Payee”), a unit of local government, the principal sum of and /100 Dollars ($ ), with interest in the amount of zero percent (0%). Absent the occurrence of either of the events set forth in clauses (i) or (ii) below (each, a “Recapture Event”), no principal payments shall be due or payable. On the first anniversary of the date of execution of this note and on each successive anniversary of said date of execution year thereafter until ten (10) years after the date of this Note, Xxxxx shall forgive the one ten (1/10) of the initial amount of indebtedness from the principal balance of this Promissory Note. The period from the date of this Promissory Note to the date that is ten (10) years after the date of this Note is referred to herein as the “Affordability Period”. Xxxxxxxx agrees to repay to the Payee, and the Payee shall have the right to accelerate payment of, the outstanding principal balance upon the earliest to occur, within the Affordability Period, of the following:

Filing and Recording Fees. Borrower shall pay all title insurance premiums, escrow charges, filing, registration or recording fees, and all expenses incident to the execution and acknowledgement of this Mortgage and all federal, state, county and municipal taxes and other taxes, duties, imposts, assessments and charges arising out of or in connection with the execution, delivery and performance of this Mortgage. By signing below, Xxxxxxxx accepts and agrees to be bound by the terms and covenants in this Mortgage. Borrower Borrower – < Name > Prepared by and Return to : City of Urbana Grants Management Division Attn: HOME Coordinator 000 Xxxxx Xxxx Xxxxxx Xxxxxx, Xxxxxxxx 00000 STATE OF ILLINOIS ) ) ss. COUNTY OF CHAMPAIGN ) I, the undersigned, a Notary Public in and for said county and state, do hereby certify that Personally < Borrower Name > personally known to me to be the same person(s) whose name(s) is/are subscribed to the foregoing instrument, appeared before me this day in person, and acknowledged that they signed and delivered the said instrument as their free and voluntary act for the uses and purposes therein set forth. Given under my hand and official seal, this day of , 20 . Notary Public EXHIBIT “A” (to mortgage) PROMISSORY NOTE U.S. $ 20,000 FOR VALUE RECEIVED, the undersigned undersigned, <Borrower Name > , (“Borrower”) covenants and promise(s) to pay to the order of the City of Urbana (the “Payee”), a unit of local government, the principal sum of Twenty Thousand and /100 00/100 Dollars ($ 20,000.00), with interest in the amount of zero percent (0%) (“HOME Investment”). Absent If, during the occurrence of either Affordability Period, as defined in the Mortgage, the subject property is sold, the amount due and payable under the Note shall be a proportional share of the events net proceeds of the sale determined as set forth in clauses (i) or (ii) below (each, a “Recapture Event”), no principal payments shall be due or payablebelow. On For the first anniversary of the date of execution of this note and on each successive anniversary of said date of execution year thereafter until ten (10) years after the date purposes of this Note, Xxxxx shall forgive the one ten (1/10) of the initial amount of indebtedness from the principal balance of this Promissory Note. The period from the date of this Promissory Note to the date that is ten (10) years after the date of this Note is referred to herein net proceeds are defined as the “Affordability Period”. Xxxxxxxx agrees to repay to the Payee, and the Payee shall have the right to accelerate payment of, the outstanding principal balance upon the earliest to occur, within the Affordability Period, of the followingsale price minus:

Filing and Recording Fees. Borrower shall pay all title insurance premiums, escrow charges, filing, registration or recording fees, and all expenses incident to the execution and acknowledgement of this Mortgage and all federal, state, county and municipal taxes and other taxes, duties, imposts, assessments and charges arising out of or in connection with the execution, delivery and performance of this Mortgage. By signing below, Xxxxxxxx accepts and agrees to be bound by the terms and covenants in this Mortgage. Borrower Borrower STATE OF ILLINOIS ) ) ss. COUNTY OF CHAMPAIGN ) I, , a Notary Public in and for said county and state, do hereby certify that Personally known to me to be the same person(s) whose name(s) subscribed to the foregoing instrument, appeared before me this day in person, and acknowledged that signed and delivered the said instrument as free and voluntary act for the uses and purposes therein set forth. Given under my hand and official seal, this day of , 20 . Notary Public EXHIBIT “A” (to mortgage) PROMISSORY NOTE U.S. $ FOR VALUE RECEIVED, the undersigned (“Borrower”) covenants and promise(s) to pay to the order of the City of Urbana (the “Payee”), a unit of local government, the principal sum of and /100 Dollars ($ ), with interest in the amount of zero percent (0%). Absent the occurrence of either of the events set forth in clauses (i) or (ii) below (each, a “Recapture Event”), no principal payments shall be due or payable. On the first anniversary of the date of execution of this note and on each successive anniversary of said date of execution year thereafter until ten fifteen (1015) years after the date of this Note, Xxxxx Payee shall forgive the one ten (1/10) of the initial amount of indebtedness from the principal balance of this Promissory Note. The period from the date of this Promissory Note to the date that is ten fifteen (1015) years after the date of this Note is referred to herein as the “Affordability Period”. Xxxxxxxx agrees to repay to the Payee, and the Payee shall have the right to accelerate payment of, the outstanding principal balance upon the earliest to occur, within the Affordability Period, of the following:

Filing and Recording Fees. Borrower shall pay all title insurance premiums, escrow charges, filing, registration or recording fees, and all expenses incident to the execution and acknowledgement of this Mortgage and all federal, state, county and municipal taxes and other taxes, duties, imposts, assessments and charges arising out of or in connection with the execution, delivery and performance of this Mortgage. By signing below, Xxxxxxxx Borrower accepts and agrees to be bound by the terms and covenants in this Mortgage. Borrower Borrower STATE OF ILLINOIS ) ) ss. COUNTY OF CHAMPAIGN ) I, , a Notary Public in and for said county and state, do hereby certify that Personally known to me to be the same person(s) whose name(s) subscribed to the foregoing instrument, appeared before me this day in person, and acknowledged that signed and delivered the said instrument as free and voluntary act for the uses and purposes therein set forth. Given under my hand and official seal, this day of , 20 . Notary Public EXHIBIT “A” (to mortgage) PROMISSORY NOTE U.S. $ FOR VALUE RECEIVED, the undersigned (“Borrower”) covenants and promise(s) to pay to the order of the City of Urbana (the “Payee”), a unit of local government, the principal sum of and /100 Dollars ($ ), with interest in the amount of zero percent (0%). Absent the occurrence of either of the events set forth in clauses (i) or (ii) below (each, a “Recapture Event”), no principal payments shall be due or payable. On the first anniversary of the date of execution of this note and on each successive anniversary of said date of execution year thereafter until ten (10) years after the date of this Note, Xxxxx Payee shall forgive the one ten (1/10) of the initial amount of indebtedness from the principal balance of this Promissory Note. The period from the date of this Promissory Note to the date that is ten (10) years after the date of this Note is referred to herein as the “Affordability Period”. Xxxxxxxx Borrower agrees to repay to the Payee, and the Payee shall have the right to accelerate payment of, the outstanding principal balance upon the earliest to occur, within the Affordability Period, of the following:

Filing and Recording Fees. Borrower shall pay all title insurance premiums, escrow charges, filing, registration or recording fees, and all expenses incident to the execution and acknowledgement of this Mortgage and all federal, state, county and municipal taxes and other taxes, duties, imposts, assessments and charges arising out of or in connection with the execution, delivery and performance of this Mortgage. By signing below, Xxxxxxxx accepts and agrees to be bound by the terms and covenants in this Mortgage. Borrower Borrower STATE OF ILLINOIS ) ) ss. COUNTY OF CHAMPAIGN ) I, , a Notary Public in and for said county and state, do hereby certify that Personally known to me to be the same person(s) whose name(s) subscribed to the foregoing instrument, appeared before me this day in person, and acknowledged that signed and delivered the said instrument as free and voluntary act for the uses and purposes therein set forth. Given under my hand and official seal, this day of , 20 . Notary Public EXHIBIT “A” (to mortgage) PROMISSORY NOTE U.S. $ FOR VALUE RECEIVED, the undersigned (“Borrower”) covenants and promise(s) to pay to the order of the City of Urbana (the “Payee”), a unit of local government, the principal sum of and /100 One Hundred Two Thousand Forty One Dollars ($ $102,041), with interest in the amount of zero percent (0%). Absent the occurrence of either of the events set forth in clauses (i) or (ii) below (each, a “Recapture Event”), no principal payments shall be due or payable. On the first anniversary of the date of execution of this note and on each successive anniversary of said date of execution year thereafter until ten five (105) years after the date of this Note, Xxxxx Payee shall forgive the one ten fifth (1/101/5) of the initial amount of indebtedness from the principal balance of this Promissory Note. The period from the date of this Promissory Note to the date that is ten five (105) years after the date of this Note is referred to herein as the “Affordability Period”. Xxxxxxxx agrees to repay to the Payee, and the Payee shall have the right to accelerate payment of, the outstanding principal balance upon the earliest to occur, within the Affordability Period, of the following: