Modifications to Multifamily Loan and Security Agreement ADDENDA TO SCHEDULE 2 SUMMARY OF LOAN TERMS – (Rent Restriction Agreement Scorecard Exclusions for Affordable Housing) – [DRAFTING NOTE: THIS FORM IS FOR USE WHEN THE MORTGAGED PROPERTY IS ENCUMBERED BY AN AGENCY REGULATORY AGREEMENT OR RECORDED USE RESTRICTION UNDER WHICH ALL OR A PORTION OF THE RESIDENTIAL UNITS ARE RESTRICTED FOR OCCUPANCY BY TENANTS WITH LIMITED INCOMES AND WHICH RESTRICTS THE RENTS THAT CAN BE CHARGED FOR THOSE UNITS.] [__]. Rent Restriction Agreement Scorecard Exclusions for Affordable Housing – Regulatory Agreement/ Recorded Use Type of Rent Restriction Restriction Agency: Dated: Agreement: Document Name, each attached hereto as Exhibit A: [DRAFTING ________________ ________________ [Select only one for each NOTE: INSERT [DRAFTING [DRAFTING document:] NAME OF EACH NOTE: INSERT NOTE: INSERT “Regulatory REGULATORY NAME OF DATE OF Agreement” AGREEMENT AGENCY THAT DOCUMENT] AND RECORDED IS A OR [AND, IF USE TO OR Use “Recorded RECORDED, RESTRICTION ENFORCES Restriction” INSERT ON SEPARATE EACH RECORDING ROW] AGREEMENT] INFORMATION] [DRAFTING NOTE: REPEAT ROWS ABOVE AS NECESSARY] ____________________ Borrower Initials
Modifications to Multifamily Loan and Security Agreement ADDENDA TO SCHEDULE 2 – SUMMARY OF LOAN TERMS (Rent Restriction Agreement – Scorecard Exclusions for Affordable Housing) [DRAFTING NOTE: THIS FORM IS FOR USE WHEN THE MORTGAGED PROPERTY IS ENCUMBERED BY AN AGENCY REGULATORY AGREEMENT OR RECORDED USE RESTRICTION UNDER WHICH ALL OR A PORTION OF THE RESIDENTIAL UNITS ARE RESTRICTED FOR OCCUPANCY BY TENANTS WITH LIMITED INCOMES AND WHICH RESTRICTS THE RENTS THAT CAN BE CHARGED FOR THOSE UNITS.] [__]. Rent Restriction Agreement – Scorecard Exclusions for Affordable Housing Type of Rent Restriction Agreement: Regulatory Agreement/ Recorded Use Restriction Document Name, each attached hereto as Exhibit A: Agency: Dated: [Select only one for each document:] “Regulatory Agreement” OR “Recorded Use Restriction” [DRAFTING NOTE: INSERT NAME OF EACH REGULATORY AGREEMENT AND RECORDED USE RESTRICTION ON SEPARATE ROW] ________________ [DRAFTING NOTE: INSERT NAME OF AGENCY THAT IS A TO OR ENFORCES EACH AGREEMENT] ________________ [DRAFTING NOTE: INSERT DATE OF DOCUMENT] [AND, IF RECORDED, INSERT RECORDING INFORMATION] [DRAFTING NOTE: REPEAT ROWS ABOVE AS NECESSARY] ____________________ Borrower Initials
6102.23.docx