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�� <br /> . ,� , _ . <br /> AGREEMENT <br /> This Agreement by and between the City of Decatur, Illinois, <br /> a mt.nicipal corporation, ( "City" ) , DCDF, Inc . , an Illinois not- <br /> for-prafit corporation, ( "DCDF" ) , and First Mutual Savincrs Banly <br /> a _ , ( "Financial Institution" ) . <br /> WHEREAS, the City, DCDF, and the Financial Institution wish <br /> to �pur redevelopment, preserve existing housinq stock and im- <br /> �ro� e the physical environment within inner city Decatur by <br /> providing mortgage money tU assist low to middle income famil�es <br /> in t�e purchase of existin homes . <br /> g <br /> WHEREAS, the City, DCDF, and the Financial Institution have <br /> agrEed to establish and administer funds for the purpose of <br /> praviding mortgage loan money as above described, and have fur- <br /> ther agreed to work togetller on such mortgage loan program . <br /> NOW, THEREFORE, for and in consideration of the mutual <br /> pr�r:ises and obligations made and assumed herein, the City, DCDF <br /> at:d �he Financial Institution agree as foliows : <br /> � . The program established by the orovisions of th�s <br /> Agre�ment shall be known as the Home Mortgage Revolving Loan <br /> ?�og=am ( "Program" ) . <br /> 2 . The City shall accept and pr�cess applications far <br /> Ioar.� under the Program, tilen forward t�e same to the Financial <br /> Institution for appraval . The proc�ssing of such applications <br /> sha11 ir�clude, but is n�t I.imited to , ch�cking the credit history <br /> of �he applicants , inspectian cf the properties , obtaining ap- <br /> Frai�als of the properties sought to be purchased, and verifying <br /> such other information as is contained in such applicatiuns . <br />