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2012-126 Housing - Habitat for Humanity development agreement amendment
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2012-126 Housing - Habitat for Humanity development agreement amendment
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Last modified
7/24/2012 9:38:21 AM
Creation date
6/4/2012 4:10:55 PM
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Template:
BOCC
Date
6/4/2012
Meeting Type
Work Session
Document Type
Agreement
Agenda Item
Mgr Signed
Document Relationships
2012-126 S Housing - Habitat for Humanity FY 2011 HOME Program $175,000
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\Board of County Commissioners\Contracts and Agreements\Contract Routing Sheets\Routing Sheets\2012
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HOME funds as second mortgage assistance which shall be documented by a <br />Promissory Note from the homebuyer to the County which note shall be secured by a <br />Deed of Trust on the Properties naming the County as beneficiary. The County <br />agrees to subordinate its Deed of Trust lien to a lien securing private permanent <br />financing acquired by the homebuyer. <br />Except for the changes made to the second paragraph and Sections l.c. herein, the Original <br />Agreement shall remain in full force and effect to the extent it is not inconsistent with this <br />Amendment. In the event that there is a conflict between the Original Agreement and this <br />Amendment, this Amendment shall control. <br />IN WITNESS WHEREOF, the parties hereto, intending to be legally bound, have set their hands <br />and seals on the day and year first above written. <br />rtFj �p� <br />COUNTY OF ORANGE, NORTH CAROLINA <br />-jg L- <br />Frank W. Clifton r., County Manager <br />7 <br />t , <br />ATTEST: <br />Don a aker <br />Clerk to the Board of Commissioners <br />4ed s rm and legality <br />Anette Mo e, Staff ttomey <br />This document has been preaudited in accordance with the N.C. Local Government and Fiscal <br />Control Act. <br />`/ !/„ , Clarence G. Grier, Financial Services Director <br />[SIGNATURES TO FOLLOW] <br />
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