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� �, . �Q � ,, oS <br /> . . <br /> AGREEMENT <br /> This Agreement by and between the City of Decatur, Illinois, <br /> a municipal corporation, ("City") , DCDF, Inc. , an Illinois not- <br /> for-profit corporation, ("DCDF") , and First Mutual Bank, <br /> ("Financial Institution") . <br /> WHEREAS, the City, DCDF, and the Financial Institution <br /> wish to spur redevelopment, preserve existing housing stock and <br /> improve the physical environment within inner city Decatur by <br /> providing mortgage money to assist low to middle income families <br /> in the purchase of existing homes. <br /> WHEREAS, the City, DCDF, and the Financial Institution have <br /> agreed to establish and administer funds for the purpose of <br /> providing mortgage loan �naney as above described, and have fur- <br /> ther agreed to work together on such mortgage loan program. <br /> NOW, THEREFORE, for and in consideration of the mutual <br /> promises and obligations made and assumed herein, the City, DCDF <br /> and the Financial Institution agree as follows: <br /> 1 . The program established by the provisions of this ', <br /> Agreement shall be known as the Home Mortgage Revolving Loan ''� <br /> Program ("Program") . I <br /> 2 . The City shall accept and process applications for � <br /> loans under the Program, then forward the �same to the Financial <br /> Institution for approval . The processing of such applications <br /> shall include, but is not limited to, checking the credit history <br /> of the applicants, inspection of the properties, obtaining ap- <br /> praisals of the properties sought to be purchased, and verifying <br /> such other information as is contained in such application. <br />