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,� a <br /> � <br /> AGREEMENT <br /> This Agreement by and �etween the City of Decatur, Illinois , <br /> a :nunicipal corporation, ( "Citp" } , DCDF, Inc . , an Illinais not- <br /> for-profit corporation, ( "DCDE" y , and Ehampion Federal Savings �nd Loan <br /> a Corporation , ( ��Financial Institution" ) . <br /> WHEREAS, the City, �CDF, and the Financial Institution wish <br /> to spur redevelopment, preserve existing housing stock and im- <br /> �rove tne physical euv�ionment w�.th�:, �zZer ci�y Lacatur Ly � <br /> providing mortgage money to assist low to miudle income families <br /> ii: tlie purchase of existing homes . <br /> 'r�HEREAS, the City, DCDF, and the Financial �nsr�tution hat�e � <br /> agreed to �s�ab].ish and administer funds for the purpo�e o£ <br /> �roviding mortgage loan money as abo��e described, and have fur- <br /> zhsr agraed �o work together on such mar�qage 1.oan program. <br /> NOW, THEREFCRE, for and in consid�ratio^ c� the �nutual <br /> promises and abliga�ions made and assu�ed herein, the Cit=r, DC��' <br /> and the F�nancial Institution agrze as fallows : <br /> '_ . '^'�e �rogram establist-�ed by the provisions of �his <br /> AgL?e�ent shall be kr.own as the Heme Mortgage Revolviag Loan <br /> ?rogram � "Progran" ) . <br /> 2 . The City shall accept and process applications fo� <br /> Ioa:s ur.der the Frogram, then forward the same �o the Financial <br /> I:.stitut�on for approval. The processi*�g of such applications <br /> � shal? includ�, �ut �s not limited to, checkinR the creciL history <br /> of t?�a 3pp17.C�3:lts , inspection of the propea-tyes , obtaining ap- <br /> �rsisals of the proper�iEs seught to ba purc��sed, and verif�in� <br /> such other i:format_on as is c�ntaired in such a�pli��at�o_is . <br />