My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
R2005-112 AUTHORIZING THE PARTICIPATION IN THE ILLINOIS HOUSING DEVELOPMENT AUTHORITY
COD
>
City Clerk
>
RESOLUTIONS
>
2005
>
R2005-112 AUTHORIZING THE PARTICIPATION IN THE ILLINOIS HOUSING DEVELOPMENT AUTHORITY
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
12/14/2015 9:16:55 AM
Creation date
12/14/2015 9:16:50 AM
Metadata
Fields
Template:
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
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
61
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
. <br /> � <br /> _ � <br /> 7. That none of the land being purchased in connection with the Residence provides, <br /> other than incidentally, a source of income to the undersigned. <br /> 8. That the undersigned will not rent the Residence or use the Residence as an <br /> investment property or as a recreational or a"second"home. <br /> 9. That neither the undersigned, nor any party related to the undersigned, has entered <br /> into any agreement with the Seller or any developer; contractor or any other person pursuant to <br /> which the undersigned has agreed to pay consideration, either in cash ar in kind, in excess of the <br /> purchase price for the Residence or pursuant to which any portion of the Residence has been left <br /> unfinished or any fixtures or other architectural appointrnents have been omitted or removed from <br /> the Residence in order to reduce the purchase price. <br /> 10. That the undersigned has not been a party to a conditional sales contract, pledge, <br /> agreement to hold title in escrow or any other form of owner fmancing(whether or not paid in full) <br /> on the Residence at any time prior to the execution of this Affidavit. <br /> 11. That the undersigned will not use any portion of the proceeds of the HOME Loan to <br /> replace an existing mortgage under which the undersigned may be obligated. <br /> 12. That the purchase price of the Residence and any improvements purchased in <br /> connection therewith, including any attached items such as carpeting, curtain rods and light <br /> fixtures, but exclusive of any settlement or financing costs or any amount paid for property which <br /> is not real properiy or a fixture, is $ . The undersigned is not purchasing <br /> any unattached items from the Seller in connection with the purchase of the Residence, except as '� <br /> stated in Exhibit A attached hereta <br /> 13. That apart from any customary broker's commission, no money is being paid, no , <br /> note is being delivered, nor anything else of value is being exchanged for or transferred to the <br /> Seller or any other person by the undersigned or, to the undersigned's knowledge, by any other <br /> person in connection with the purchase of the Residence, except as indicated in the escrow and <br /> settlement documents. <br /> 14. That the undersigned has read the note evidencing the HOME Loan and <br /> understands that: (a)the HOME Loan is being funded by the Sponsor from federal funds provided <br /> through the HOME Program; (b)the terms of the HOME Loan are available only to persons with a <br /> family income not in excess of HOME Program guidelines; (c)the undersigned's interest in the <br /> Residence may be adversely affected if(i)this Affidavit or any other affidavits ar certificates given <br /> in connection with the making of the HOME Loan are untrue; (ii)the undersigned leases or rents <br /> the Residence to another; or(iii)the undersigned causes an assumption of the HOME Loan without <br /> prior written approval from the Sponsor. <br /> 15. That the undersigned hereby authorizes the Sponsor to conduct such investigations <br /> as it deems necessary to ascertain the truth and correctness of the statements made in this Affidavit, <br /> and the undersigned hereby agees to provide such information as the Sponsor shall reasonably <br /> request for such purpose. <br /> C-2 <br />
The URL can be used to link to this page
Your browser does not support the video tag.