Laserfiche WebLink
201302395 <br />$82,420.98 French Village <br />Santee, California [location of execution] Grand Island, Hall County, NE <br />March , 2013 Original FHA Project No. 103 -11017 <br />New FHA Project No. 103 -11065 <br />RIDER TO MULTIFAMILY DEED OF TRUST, <br />ASSIGNMENT OF LEASES AND RENTS <br />AND SECURITY AGREEMENT} <br />(HUD- 94000M) <br />CONTINGENT REPAYMENT DEED OF TRUST <br />THIS RIDER ( "Rider ") is attached to and made a part of that certain MULTIFAMILY <br />DEED OF TRUST, ASSIGNMENT OF LEASES AND RENTS AND SECURITY <br />AGREEMENT} dated March , 2013 (the "Security Instrument "), made by CARMALOR <br />NEBRASKA L.P., a Nebraska limited partnership (the "Borrower "), for the benefit of <br />SECRETARY OF HOUSING AND URBAN DEVELOPMENT (hereafter referred to as the <br />"Secretary" or "Lender "). <br />RECITALS: <br />A. Secretary is making a loan (referred to herein as the "MAHRA Restructuring Loan" <br />or "Contingent Repayment Loan ") to the Borrower pursuant to the Multifamily Assisted Housing <br />Reform and Affordability Act of 1997, Title V of the Departments of Veterans Affairs, Housing and <br />Urban Development and Independent Agencies Appropriations Act, 1998 (Pub. L. No. 105 -65, 111 <br />Stat. 1384, approved on 10/27/97), as amended ( "MAHRA "), and/or the Regulations adopted by the <br />Secretary pursuant thereto ( "MAHRA Regulations "), as part of a rent and debt restructuring (the <br />"Restructuring") in accordance with a Restructuring Commitment (the "Restructuring <br />Commitment ") between the Borrower and Secretary, which is incorporated herein and made a part <br />hereof. <br />B. This Rider amends certain terms and conditions of the Security Instrument, so that <br />the Security Instrument, as amended (the "Contingent Repayment Mortgage "), includes provisions <br />applicable to MAHRA and the MAHRA Regulations, and secures the Mortgage Restructuring Loan. <br />The Contingent Repayment Loan is evidenced by, inter alia, the Note, which is defined therein as <br />the "Contingent Repayment Note." <br />NOW THEREFORE, for and in consideration of the MAHRA Restructuring Loan and other <br />good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the <br />parties hereto agree as follows: <br />1. Recitals. The forgoingrecitals are incorporated herein and made a part of this Rider. <br />Rental - Rider to CR Mortgage 01 -2012 FRENCH VILLAGE <br />