Examples of Original HOME Loan in a sentence
The Original HOME Loan Agreement, as amended by the Amendment to HOME Loan Agreement, is hereinafter referred to as the “HOME Loan Agreement.” The obligations of the Company under the HOME Loan Agreement were secured by the terms of: (i) a HOME Note, dated October 23, 2002, of the Company; and (ii) a Combination Mortgage, Security Agreement and Fixture Financing Statement, dated October 23, 2002 (the “HOME Mortgage”), from the Company to the Agency.
The Original HOME Loan Agreement was amended by the terms of an Amendment to HOME Loan Agreement, dated October 25, 2004 (the “Amendment to HOME Loan Agreement”), between the Company, the City, as successor to the Agency, and the Agency.
The New Supplemental Loan will be cross- defaulted with the Original HOME Loan.
The amendments first approved changing the borrowing entity with respect to the Original HOME Loan from TRF Oliver to TRF Development Partners – Baltimore, LLC (TRF Baltimore) in order to satisfy the certified community housing development organization (CHDO) rules under the HOME program.
It has not previously assigned, pledged, hypothecated or otherwise transferred any of its rights, title, or interest in or obligations under the Adjusted Original HOME Loan.
The Original CDBG Loan and Original HOME Loan were evidenced by that certain CDBG/HOME Loan Agreement dated February 11, 2002 between the County and BRIDGE (the "Original CDBG/HOME Loan Agreement"), that certain promissory note executed by BRIDGE for the benefit of the County dated February 11, 2002, in the amount of the Original CDBG Loan and the Original HOME Loan (the "Original CDBG/HOME Note").
Xxxxxxxx Xxxx hereby assigns to the New Partnership all of Xxxxxxxx Xxxx'x rights, title, and interest in and obligations under the Adjusted Original HOME Loan as modified by the Modification Agreement (the "Assignment").
On February 11, 2002, the County made the following loans to BRIDGE: (i) a loan of Four Hundred Thousand Dollars ($400,000) funded using Home Investment Partnerships Act funds from HUD pursuant to the Xxxxxxxx-Xxxxxxxx National Housing Act of 1990 (the "Original HOME Loan"); and (ii) a loan of One Million Eight Hundred Thousand Dollars ($1,800,000) funded using funds from HUD under Title I of the Housing and Community Development Act of 1974 (the "Original CDBG Loan").
Eligibility For Credit Under Rural Home Preservation Set Aside 01 Rural HOME Preservation Set Aside Consent Letter from DCA Original HOME Loan Agreement and any amendments Updated title search completed no earlier than May 1, 2018 and no later than May 24, 2018 Appraisal completed in 2018 23 XXIII.
The Original CDBG Loan and the Original HOME Loan were secured against the Property by a Deed of Trust and Security Agreement dated February 11, 2002, executed by BRIDGE and recorded in the Official Records on February 14, 2002, as Instrument No. 0000-0000000-00 (the "Original CDBG/HOME Deed of Trust").