8. EDSR 06-17-2013 - Laserfiche WebLink

Home Browse Search

(q) Zoning Matters. Deliver to Lender evidence that Borrower has obtained municipal and zoning approval necessary to complete the Improvements, including, without limitation, compliance with any signage ordinances. (r) Disbursing Agreement. Deliver the Disbursing Agreement, executed by Borrower and Title, to Lender. (s) Program Fee. Deliver to Lender the program fee of$ .00. Lender may waive any of the above requirements in its sole discretion. 5. Disbursement of Loan. Upon receipt by Lender of the items required pursuant to paragraph 4 above and confirmation from Title that Title is prepared to issue the mortgagee's title insurance policy as required herein, Lender agrees to disburse the Loan proceeds to Title. 6. Rebates. Pursuant to the Energy Efficiency Improvement Program, Lender expects to receive certain rebates (the "Rebates")relating to the energy efficiency improvements made by Borrower to the Loan Property. By executing this Agreement, Borrower assigns and Lender assumes all right and title to proceeds from any Rebate arising from the Improvements. Borrower will execute any documentation reasonably necessary to effectuate such assignment and will otherwise assist Lender in a timely manner to obtain any available Rebate. All proceeds of the Rebates received by Lender will be applied to the outstanding principal balance of this Note as set forth therein. 7. Access to Loan Property. Lender and its respective representatives shall have at all reasonable times the right to enter and have free access to the Project and the Loan Property and the right to inspect all work done, labor performed and material furnished in connection therewith. 8. Books and Records. Borrower agrees to maintain accurate and complete books, accounts and records in regard to the Loan Property in a manner reasonably acceptable to Lender. Lender and its representatives shall have the right to inspect, examine and copy all such books and records of Borrower and Borrower shall, at Lender's request, furnish such information as Lender may reasonably demand. 9. Encumbrances and Transfer. Borrower agrees not to sell, transfer, lease or convey the Loan Property or any part thereof, or any interest therein, or further encumber the Loan Property or any part thereof, in any manner, without written consent of Lender which consent may be granted or withheld in the sole discretion of Lender. This requirement shall apply to each and every sale, transfer, lease, conveyance or encumbrance, whether voluntary or involuntary and whether or not Lender has consented to any such prior sale, transfer, lease, conveyance or encumbrance. 10. Time of Essence. Time is of the essence in the performance of this Agreement. -6-