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CHFA LOAN CLOSING
City of Pleasanton
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CHFA LOAN CLOSING
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1/31/2011 3:43:12 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
1/12/1990
LONG TERM AGREEMENTS - NAME
CHFA LOAN CLOSING
LONG TERM AGREEMENTS - TYPE
MISC AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06 (Long Term Agreements)
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
LONG TERM AGREEMENTS - NOTES
RIDGE VIEW COMMONS
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4.1 Maintenance of the Property. (a) To keep the <br />Property in a decent, safe, sanitary, rentable and tenantable <br />condition and repair and permit no waste thereof; (b) not to <br />commit or suffer to be done or exist on or about the Property any <br />condition causing the Property to become less valuable; (c) not to <br />construct any buildings or improvements on the Property, other <br />than the buildings and improvements contemplated in the Loan <br />Documents or add to, remove, demolish or structurally alter any <br />buildings and improvements now or hereinafter located on the <br />Property; (d) to repair, restore or rebuild promptly any buildings <br />or improvements on the Property that may become damaged or be <br />destroyed while subject to the lien of this Deed of Trust; (e) to <br />comply with all applicable laws, ordinances and governmental <br />regulations affecting the Property or requiring any alteration or <br />improvement thereof, and not to suffer or permit any violations of <br />any such law, ordinance or governmental regulation, nor of any <br />covenant, condition or restriction affecting the Property; (f) not <br />to initiate or acquiesce in any change in any zoning or other land <br />use or legal classification which affects any of the Property <br />without the prior written consent of the Lenders; and (g) not to <br />alter the use of all or any part of the Property without the prior <br />written consent of the Lenders. <br />4.2 Insurance. To keep the Property insured, with loss <br />payable to the Lenders, as their interests may appear, against <br />loss or damage by fire and such other hazards, casualties and <br />contingencies and by such companies, on such forms and in such <br />amounts as the Agency may from time to time require, and to <br />deliver the original of all such policies to the Lenders, together <br />with receipts satisfactory to the Lenders evidencing payment of <br />the premiums. All such policies shall provide that the Lenders <br />shall be given thirty (30) days' advance written notice of the <br />cancellation, expiration or termination of any such policy or any <br />material change in the coverage afforded by it. Renewal policies <br />and any replacement policies, together with premium receipts <br />satisfactory to the Lenders, shall be delivered to the Lenders at <br />least thirty (30) days prior to the expiration of existing <br />policies. Neither Trustee nor the Lenders shall by reason of <br />accepting, rejecting, approving or obtaining insurance incur any <br />liability for the existence, nonexistence, form or legal <br />sufficiency of such insurance, or solvency of any insurer for <br />payment of losses. <br />4.3 Payment of Taxes and Utility Charges. To pay, at <br />least ten (10) days prior to delinquency, all taxes and <br />assessments, both general and special, fines, penalties, levies <br />and charges of every type or nature levied upon or assessed <br />against any part of the Property or upon Trustee's or the Lenders' <br />interest in the Property. <br />CHFA 52P.RIDGE.VIEW.IST <br />01/06/90.Q02374 -4- <br />
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