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R2005-112 AUTHORIZING THE PARTICIPATION IN THE ILLINOIS HOUSING DEVELOPMENT AUTHORITY
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R2005-112 AUTHORIZING THE PARTICIPATION IN THE ILLINOIS HOUSING DEVELOPMENT AUTHORITY
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12/14/2015 9:16:55 AM
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12/14/2015 9:16:50 AM
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Resolution/Ordinance
Res Ord Num
R2005-112
Res Ord Title
AUTHORIZING PARTICIPATION IN THE ILLINOIS HOUSING DEVELOPMENT AUTHORITY - AMERICAN DREAM DOWNPAYMENT INITIATIVE (ADDI)
Approved Date
8/29/2005
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� • ,. � <br /> confirmation of transmission; (c)overnight courier; or (d)registered or certified United States <br /> mail,postage prepaid,return receipt requested. <br /> Such addresses may be changed by notice to the other party given in the same manner as '�, <br /> herein provided. Any notice, demand, request or other communication sent pursuant to either <br /> subsection 13(a) or 13(b) hereof shall be served and effective upon such personal service or upon <br /> dispatch by such electronic means. Any notice, demand, request or other communication sent <br /> pursuant to subsection 13(c) shall be served and effective one business day after deposit with the <br /> overnight courier. Any notice, demand, request or other communication sent pursuant to <br /> subsection 13(d) shall be served and effective three (3) business days after proper deposit with the <br /> United States Postal Service. <br /> 14. SUCCESSORS. This Agreement shall bind, and the benefits shall incur to, the <br /> parties hereto, their legal representatives, successors in office or interest and assigns, provided that <br /> the Owner may not assign this Agreement, its right to the Loan proceeds or any of its obligations <br /> hereunder without the prior written approval of the Sponsor. <br /> 15. SURVIVAL OF OBLIGATIONS. The Owner's obligations, as set forth in this <br /> Agreement, shall survive the disbursement of the Loan, and the Owner shall continue to cooperate <br /> with the Sponsor and furnish any documents, e�ibits or showings required. <br /> 16. CONSTRUCTION OF AGREEMENT: <br /> (a) Partial Invaliditv. If any term, covenant, condition or provision of this <br /> Agreement, or the application thereof to any circumstance, shall, at any time or to any <br /> extent, be determined by a court of competent jurisdiction to be invalid or unenforceable, <br /> the remamder of this Agreement, or the application thereof to circumstances other than <br /> those as to which it is held invalid or unenforceable, shall not be affected thereby and each <br /> term, covenant, condition and provision of this Agreement shall be valid and enforceable to <br /> the fullest extent permitted by law. <br /> (b) Gender. The use of the plural in this Agreement shall include the singular, <br /> the singular shall include the plural, and the use of any gender shall be deemed to include <br /> all genders. <br /> (c) Ca tp ions. The captions used in this Agreement are inserted only as a matter <br /> of convenience and for reference and in no way define, limit or describe the scope of the <br /> intent of any provision of the Agreement. <br /> (d) Construction. This Agreement shall be construed and interpreted in <br /> accardance with the laws of the State of Illinois. <br /> 17. COUNTERPARTS. This Agreement may be executed in counterparts, and each <br /> counterpart shall, for all purposes for which an original of this Agreement must be produced or <br /> e�ibited,be the Agreement,but all such counterparts shall constitute one and the same agreement. <br /> 18. WAIVER OF JURY TRIAL. THE PARTIES WAIVE TRIAL BY JURY IN <br /> ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY EITHER OF THE <br /> 6 <br />
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