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RES 2008-0955 - Debt subordination agmt for Teresa L Holmes re 2108 Wirt St 0 MAHA,N „A,...._ ,F ,� �,s7 R E C,, E I V E U Planning Department c. C•'( Omaha/Douglas Civic Center z Iiitti. ' „ 08 y� r, 1819 Farnam Street,Suite 1100 ® .r i► a 1 r Omaha,Nebraska 68183 ott. `t& ,", M.ti July 2 08� (402)444-5150 O'7.tD FEB03t'4� CITY , , Telefax(402)444-6140 ('LER Steven N.Jensen,AICP,LA City of Omaha 011/11-14. 14i:3PCiii, Director Mike Fahey,Mayor Honorable President and Members of the City Council: Attached is a proposed Resolution authorizing the Mayor to execute a debt subordination regarding the City's interest in property located at 2108 Wirt Street. The terms of the 1999 Deed of Trust securing this loan provided for the partial financing of the acquisition of this property by Teresa L. Holmes, such financing consisting of a HOME funded deferred loan in the original amount of $25,000.00. This financing was provided through an agreement (Resolution No. 2383, approved August 31, 1999) with Holy Name Housing Corporation, to construct new residential units and sell them to eligible homebuyers. The terms of the Agreement and Deferred Loan Promissory Note require the City's lien to be in no less than second lien position. The terms allow for the loan principal to depreciate 50% after ten years from the date of the Note, October 29, 1999. Ms. Holmes wishes to pay off the depreciated balance of $12,500.00 now in return for the City's consent to subordinate the remaining $12,500.00 portion of its loan interest to a new loan in an amount not to exceed $85,500.00, plus reasonable closing costs. The proceeds of the new loan will be used to refinance her first and third liens, and pay the depreciated balance of the City's lien. The new lender is only willing to make this loan if its lien can be in first position. . Approval of this Resolution will allow for the subordination of the City's interest to a refinanced amount not to exceed the appraised value of the property in exchange for early payment of the $12,500.00 depreciated balance of the deferred loan. The balance of the deferred loan will remain as a lien against the property until the expiration of the ten-year depreciation period, October 29, 2009, at which time the lien will be released. This proposed Resolution is consistent with the precedent set on January 26, 1999, by Council Resolution No. 182. Your favorable consideration of the attached Resolution is hereby requested Sincerely, Referred 'ty Council for Consideration: ri•,..r !03), ( ».Q. 6 — 2 9- 4, 13 Steven N. Je isen, A P, L.A.* Mayor's Office Planning Dir.c •- PLNAM R 1 1 18 Cover Letter T-444-5553, IF ARRANGEMENTS NEED TO BE MADE Subs ...-d -s my presence and sworn to before me this day of A I. . ,2008. NEW • MIRANDA RAY SMITH C\ Notary Public GeMwjl Notary SMf My Commissiontr o ExpltaaN�brasko Jan 18, 2012 Printer's Fee$ Affidavit Paid By IN 11! I 11'II ililiql i ; Ilil. /114 1 !Ii4/q11111;11,114101r!!$0 iligii!iiiiT il 11 111 bl IN 1° I ' li l' ill!; 111 1 1;' i 1 il ii'II% I' 1 A IM !!!•il I 1; ill '11 11 irri le. 1 114/1i1;iiik11!4;li NI' ,1 , ii. 5,. wholiti.1,4 i,,ili di. 1:fili:Ifiviii Pi II' r, di lir, . i . g ; v I 11 q; 7 1,:i 131118u.it.ilionc.i.111 ill • "11211:1PITIP9Ni;!Ill hIlliiilgliiii Oi I 11 II! PS! ! I ! III )10 lili 111 Ili rft1115 MC7118027 10447h1,10 77740...y.111!71 1 7 17 it! ,!ii i ; 1 1 1 i 1. . il lig li 1'18771111177;7u. . .1„al:""4 1 -1011'141'1"0:0 l'; PITAliil'Ilx1i0; i ! 1: 11: l'i!' ' 1 i ; ; I li ; 'i ii i`ii,ID ill I 11 17ii;;.p 7 17xx7781,0,17vx ihielgi OF ,0 , h 1. g g g, i 1;10111..ifii;lix el 1;lv it;11;f 1,Ixj4g0 II e e ,1 J1 Itl! 1 i . i ! 0 :. ' 1 il °I 1011p Ili 1 ie) aPh!;41411.r",:i 1 .117, ;i4'ri!ii:rill . i ! 0,e 1 e i i ; A HILL-FARRELL ASSOCIATES,INC. A.L.T.A. I A.C.S.M. LAND TITLE SURVEY Illi 1 I CROWN BEVERAGE PACKAGING,INC. / 2 In •• " Architects • Engineers • Surveyors PART OF THE NW 1/4 SEC.1,T14N,R12E, 111 1 —1—.7 9805 Giles Road,La Vista,NE 68128 (402)291-6100 DOUGLAS COUNTY,NEBRASKA. Employment and Training Administration withdraws approval of a training program, the contractor will no longer be permitted to utilize trainees at less than the applicable predetermined rate for the work performed until an acceptable program is approved. (iii) Equal employment opportunity. The utilization of apprentices, trainees and journeymen under this part shall be in conformity with the equal employment opportunity requirements of Executive Order 11246, as amended, and 29 CFR Part 30. 1. i ?v � s , te El-, �mA�11,_1lf1IfG..C':J1r.eVL iV 0, ii.Fh/�h1:;"p• `1!rra�='rpi i I =§N2 -'a :a- I-a -el': I`a- a- I N� .�FI \f4'am... a dv1r.te��:� > 0,etolii ';.Tr"'r`rrf ,I[f'=aA m .;.74,. ->: 1 i 1.t1: :.111-n1r - 3 i _ ' I I � v [�n - �_ ,q.,.-a -� `- — iv i 1 . : - ' • 'ir-., ,�"9.,rr-.-� .C4r>ti_r)�ra rA%��, - -,n c3 1 i_ 1 S 3 M 0"' tl 3 N�N 3 V II I �7 Pil[4l.i� f .7,71. 3 b 19 tiSr 1 I -- --- - ----_!_ -- — •r,'C\\33J�R1113:. G._ /�1 ® i �.. ` N90991; „.._..M �1 74011ifiT:1 , 0' > I j 133als an1vo30 ' -c7 cs :eE 9Fu° i L:-------------- -------'------- L CO L o CO .o LL 3 O in m CO C �` Co Q o rn o 3 3 3 3 a r U (� Q C m 2 a7 CD r- r CN Q > • E o) a Q o $ LL c LL Q Q a) Q Q O LL CO O N C Cn ..�.. iq C LL N C m c) 01 O N N (n 0 0 aci t c. n 0 E 0 p v z, a a aa) a 'c 0 r ..a aa) t a0i . .SC. d > a) . (rS O 0 0 0 I. 0 0 7 0 0 7 7 0 Co ! CO CO coin S1- wo 0o COI 0C am co 0Cn � Q 0C C (/) co a_ 0coa 0 0co ma Q 0 00 COts c 0 0 0 0 0 0 c0 CO O 0 0 0 cn O N. 0 0_ 0 0 0 0 0 _0 0 0 O O o 0 01 0 0 Co 0 o v .c CO a a • ' V- O N CO I,- 0 0 CO V' 0 0 (0 N (O 0 0 0 CO 0 0 N N 0) M N N i 00 0 CO a) �i Q- 0 0 0 0 0 0 0 0 CO 0 0 0 0 0 a- U) a- V' 0 N M V' V' A- 0 N CO A- N C7 O 0 C Co CT Q • N N N N N C (6 7 Co (n lL � Q Q • • EXHIBIT A DEBT SUBORDINATION AGREEMENT WHEREAS, Teresa L. Holmes, (hereinafter referred to as "Borrower") is now or hereafter may be indebted to Wells Fargo Bank, N.A., (hereinafter referred to as "Bank A") on account of a loan in the amount of Fifty-nine Thousand Six Hundred Twenty-five and 00/100 Dollars ($59,625.00) which indebtedness was incurred for the purpose of acquisition of property located at 2108 Wirt Street, Omaha, Nebraska and legally described as: Lot 1, Kountze Replat 1, being a Replat of the Lots 12, 13, 14, Block 17, Kountze Place, an addition to the City of Omaha, as surveyed, platted and recorded in Douglas County, Nebraska. WHEREAS, the Borrower's above-described indebtedness to the Bank is secured by a Deed of Trust, which security interest was perfected on October 29, 1999, upon the filing of same with the Douglas County Register of Deeds, same being recorded on November 5, 1999, in Book 5883 at Page 025; and, WHEREAS, the Borrower is indebted to the City of Omaha (hereinafter referred to as "City") by virtue of a loan made in the sum of Twenty-five Thousand and 00/100 Dollars ($25,000.00), which indebtedness was also incurred for the purposes of partially financing the acquisition of the above-described property; and, WHEREAS, the Borrower's above-described indebtedness to the City is secured by a Deed of Trust and Promissory Note, which security interest was perfected on October 29, 1999, upon the filing of same with the Douglas County Register of Deeds, same being recorded on November 5, 1999, in Book 5883 at Page 035; and, WHEREAS, the Borrower is indebted to Household Finance Corporation (hereinafter referred to as "Bank B") by virtue of a home .equity loan made in the sum of Thirty-five Thousand and 00/100 Dollars ($35,000.00); and, WHEREAS, the Borrower's above-described indebtedness to Bank B is secured by a Deed of Trust and Promissory Note, which security interest was perfected on September 20, 2005, upon the filing of same with the Douglas County Register of Deeds, same being recorded on October 14, 2005, as Instrument No. 2005150383; and, alance of the deferred loan. The balance of the deferred loan will remain as a lien against the property until the expiration of the ten-year depreciation period, October 29, 2009, at which time the lien will be released. This proposed Resolution is consistent with the precedent set on January 26, 1999, by Council Resolution No. 182. Your favorable consideration of the attached Resolution is hereby requested Sincerely, Referred 'ty Council for Consideration: ri•,..r !03), ( ».Q. 6 — 2 9- 4, 13 Steven N. Je isen, A P, L.A.* Mayor's Office Planning Dir.c •- PLNAM R 1 1 18 Cover Letter T-444-5553, IF ARRANGEMENTS NEED TO BE MADE Subs ...-d -s my presence and sworn to before me this day of A I. . ,2008. NEW • MIRANDA RAY SMITH C\ Notary Public GeMwjl Notary SMf My Commissiontr o ExpltaaN�brasko Jan 18, 2012 Printer's Fee$ Affidavit Paid By IN 11! I 11'II ililiql i ; Ilil. /114 1 !Ii4/q11111;11,114101r!!$0 iligii!iiiiT il 11 111 bl IN 1° I ' li l' ill!; 111 1 1;' i 1 il ii'II% I' 1 A IM !!!•il I 1; ill '11 11 irri le. 1 114/1i1;iiik11!4;li NI' ,1 , ii. 5,. wholiti.1,4 i,,ili di. 1:fili:Ifiviii Pi II' r, di lir, . i . g ; v I 11 q; 7 1,:i 131118u.it.ilionc.i.111 ill • "11211:1PITIP9Ni;!Ill hIlliiilgliiii Oi I 11 II! PS! ! I ! III )10 lili 111 Ili rft1115 MC7118027 10447h1,10 77740...y.111!71 1 7 17 it! ,!ii i ; 1 1 1 i 1. . il lig li 1'18771111177;7u. . .1„al:""4 1 -1011'141'1"0:0 l'; PITAliil'Ilx1i0; i ! 1: 11: l'i!' ' 1 i ; ; I li ; 'i ii i`ii,ID ill I 11 17ii;;.p 7 17xx7781,0,17vx ihielgi OF ,0 , h 1. g g g, i 1;10111..ifii;lix el 1;lv it;11;f 1,Ixj4g0 II e e ,1 J1 Itl! 1 i . i ! 0 :. ' 1 il °I 1011p Ili 1 ie) aPh!;41411.r",:i 1 .117, ;i4'ri!ii:rill . i ! 0,e 1 e i i ; A HILL-FARRELL ASSOCIATES,INC. A.L.T.A. I A.C.S.M. LAND TITLE SURVEY Illi 1 I CROWN BEVERAGE PACKAGING,INC. / 2 In •• " Architects • Engineers • Surveyors PART OF THE NW 1/4 SEC.1,T14N,R12E, 111 1 —1—.7 9805 Giles Road,La Vista,NE 68128 (402)291-6100 DOUGLAS COUNTY,NEBRASKA. Employment and Training Administration withdraws approval of a training program, the contractor will no longer be permitted to utilize trainees at less than the applicable predetermined rate for the work performed until an acceptable program is approved. (iii) Equal employment opportunity. The utilization of apprentices, trainees and journeymen under this part shall be in conformity with the equal employment opportunity requirements of Executive Order 11246, as amended, and 29 CFR Part 30. 1. i ?v � s , te El-, �mA�11,_1lf1IfG..C':J1r.eVL iV 0, ii.Fh/�h1:;"p• `1!rra�='rpi i I =§N2 -'a :a- I-a -el': I`a- a- I N� .�FI \f4'am... a dv1r.te��:� > 0,etolii ';.Tr"'r`rrf ,I[f'=aA m .;.74,. ->: 1 i 1.t1: :.111-n1r - 3 i _ ' I I � v [�n - �_ ,q.,.-a -� `- — iv i 1 . : - ' • 'ir-., ,�"9.,rr-.-� .C4r>ti_r)�ra rA%��, - -,n c3 1 i_ 1 S 3 M 0"' tl 3 N�N 3 V II I �7 Pil[4l.i� f .7,71. 3 b 19 tiSr 1 I -- --- - ----_!_ -- — •r,'C\\33J�R1113:. G._ /�1 ® i �.. ` N90991; „.._..M �1 74011ifiT:1 , 0' > I j 133als an1vo30 ' -c7 cs :eE 9Fu° i L:-------------- -------'------- L CO L o CO .o LL 3 O in m CO C �` Co Q o rn o 3 3 3 3 a r U (� Q C m 2 a7 CD r- r CN Q > • E o) a Q o $ LL c LL Q Q a) Q Q O LL CO O N C Cn ..�.. iq C LL N C m c) 01 O N N (n 0 0 aci t c. n 0 E 0 p v z, a a aa) a 'c 0 r ..a aa) t a0i . .SC. d > a) . (rS O 0 0 0 I. 0 0 7 0 0 7 7 0 Co ! CO CO coin S1- wo 0o COI 0C am co 0Cn � Q 0C C (/) co a_ 0coa 0 0co ma Q 0 00 COts c 0 0 0 0 0 0 c0 CO O 0 0 0 cn O N. 0 0_ 0 0 0 0 0 _0 0 0 O O o 0 01 0 0 Co 0 o v .c CO a a • ' V- O N CO I,- 0 0 CO V' 0 0 (0 N (O 0 0 0 CO 0 0 N N 0) M N N i 00 0 CO a) �i Q- 0 0 0 0 0 0 0 0 CO 0 0 0 0 0 a- U) a- V' 0 N M V' V' A- 0 N CO A- N C7 O 0 C Co CT Q • N N N N N C (6 7 Co (n lL � Q Q • • WHEREAS, Omaha 100, Incorporated, (hereinafter referred to as "Lender") is willing to make a loan sufficient to refinance the balances of the first and third deeds of trust and pay the depreciated balance of the City's interest, in a total amount not to exceed Eighty-five Thousand Five Hundred and 00/100 Dollars ($85,500.00), including reasonable closing costs, the proceeds of which loan to be used solely for the aforementioned purposes; and, WHEREAS, the Lender is unwilling to make the above-described loan unless same could be secured by a"first" mortgage/deed of trust; and, WHEREAS, it was the intention of the City that its security .interests in the above- described property be subordinate to a"first" mortgage/deed of trust; and, • WHEREAS, the City is willing to subordinate its position as a secured creditor to that of the Lender. NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Lender and the City do hereby agree that the lien acquired by the Lender by virtue of a mortgage/deed of trust executed in its favor by the Borrower to secure the above-referenced indebtedness shall be • deemed a first and prior lien upon the above-described property, which lien shall be superior to the previously acquired lien of the City (as hereinabove described), as if the mortgage/deed of trust executed in favor of the Lender had been filed with and duly recorded by the Register of Deeds at some time prior to that of the City, further, that the City's lien shall therefore be deemed a second lien upon said property, being subject and subordinate to that of the Lender. IN WITNESS WHEREOF, the parties have executed this Debt Subordination Agreement as of the date indicated below. ATTEST: CITY OF OMAHA, A Municipal Corporation Zailar___ )114:112.4 ITY CLERK MAYOR OF THE OF OMA A f Trust and Promissory Note, which security interest was perfected on September 20, 2005, upon the filing of same with the Douglas County Register of Deeds, same being recorded on October 14, 2005, as Instrument No. 2005150383; and, alance of the deferred loan. The balance of the deferred loan will remain as a lien against the property until the expiration of the ten-year depreciation period, October 29, 2009, at which time the lien will be released. This proposed Resolution is consistent with the precedent set on January 26, 1999, by Council Resolution No. 182. Your favorable consideration of the attached Resolution is hereby requested Sincerely, Referred 'ty Council for Consideration: ri•,..r !03), ( ».Q. 6 — 2 9- 4, 13 Steven N. Je isen, A P, L.A.* Mayor's Office Planning Dir.c •- PLNAM R 1 1 18 Cover Letter T-444-5553, IF ARRANGEMENTS NEED TO BE MADE Subs ...-d -s my presence and sworn to before me this day of A I. . ,2008. NEW • MIRANDA RAY SMITH C\ Notary Public GeMwjl Notary SMf My Commissiontr o ExpltaaN�brasko Jan 18, 2012 Printer's Fee$ Affidavit Paid By IN 11! I 11'II ililiql i ; Ilil. /114 1 !Ii4/q11111;11,114101r!!$0 iligii!iiiiT il 11 111 bl IN 1° I ' li l' ill!; 111 1 1;' i 1 il ii'II% I' 1 A IM !!!•il I 1; ill '11 11 irri le. 1 114/1i1;iiik11!4;li NI' ,1 , ii. 5,. wholiti.1,4 i,,ili di. 1:fili:Ifiviii Pi II' r, di lir, . i . g ; v I 11 q; 7 1,:i 131118u.it.ilionc.i.111 ill • "11211:1PITIP9Ni;!Ill hIlliiilgliiii Oi I 11 II! PS! ! I ! III )10 lili 111 Ili rft1115 MC7118027 10447h1,10 77740...y.111!71 1 7 17 it! ,!ii i ; 1 1 1 i 1. . il lig li 1'18771111177;7u. . .1„al:""4 1 -1011'141'1"0:0 l'; PITAliil'Ilx1i0; i ! 1: 11: l'i!' ' 1 i ; ; I li ; 'i ii i`ii,ID ill I 11 17ii;;.p 7 17xx7781,0,17vx ihielgi OF ,0 , h 1. g g g, i 1;10111..ifii;lix el 1;lv it;11;f 1,Ixj4g0 II e e ,1 J1 Itl! 1 i . i ! 0 :. ' 1 il °I 1011p Ili 1 ie) aPh!;41411.r",:i 1 .117, ;i4'ri!ii:rill . i ! 0,e 1 e i i ; A HILL-FARRELL ASSOCIATES,INC. A.L.T.A. I A.C.S.M. LAND TITLE SURVEY Illi 1 I CROWN BEVERAGE PACKAGING,INC. / 2 In •• " Architects • Engineers • Surveyors PART OF THE NW 1/4 SEC.1,T14N,R12E, 111 1 —1—.7 9805 Giles Road,La Vista,NE 68128 (402)291-6100 DOUGLAS COUNTY,NEBRASKA. Employment and Training Administration withdraws approval of a training program, the contractor will no longer be permitted to utilize trainees at less than the applicable predetermined rate for the work performed until an acceptable program is approved. (iii) Equal employment opportunity. The utilization of apprentices, trainees and journeymen under this part shall be in conformity with the equal employment opportunity requirements of Executive Order 11246, as amended, and 29 CFR Part 30. 1. i ?v � s , te El-, �mA�11,_1lf1IfG..C':J1r.eVL iV 0, ii.Fh/�h1:;"p• `1!rra�='rpi i I =§N2 -'a :a- I-a -el': I`a- a- I N� .�FI \f4'am... a dv1r.te��:� > 0,etolii ';.Tr"'r`rrf ,I[f'=aA m .;.74,. ->: 1 i 1.t1: :.111-n1r - 3 i _ ' I I � v [�n - �_ ,q.,.-a -� `- — iv i 1 . : - ' • 'ir-., ,�"9.,rr-.-� .C4r>ti_r)�ra rA%��, - -,n c3 1 i_ 1 S 3 M 0"' tl 3 N�N 3 V II I �7 Pil[4l.i� f .7,71. 3 b 19 tiSr 1 I -- --- - ----_!_ -- — •r,'C\\33J�R1113:. G._ /�1 ® i �.. ` N90991; „.._..M �1 74011ifiT:1 , 0' > I j 133als an1vo30 ' -c7 cs :eE 9Fu° i L:-------------- -------'------- L CO L o CO .o LL 3 O in m CO C �` Co Q o rn o 3 3 3 3 a r U (� Q C m 2 a7 CD r- r CN Q > • E o) a Q o $ LL c LL Q Q a) Q Q O LL CO O N C Cn ..�.. iq C LL N C m c) 01 O N N (n 0 0 aci t c. n 0 E 0 p v z, a a aa) a 'c 0 r ..a aa) t a0i . .SC. d > a) . (rS O 0 0 0 I. 0 0 7 0 0 7 7 0 Co ! CO CO coin S1- wo 0o COI 0C am co 0Cn � Q 0C C (/) co a_ 0coa 0 0co ma Q 0 00 COts c 0 0 0 0 0 0 c0 CO O 0 0 0 cn O N. 0 0_ 0 0 0 0 0 _0 0 0 O O o 0 01 0 0 Co 0 o v .c CO a a • ' V- O N CO I,- 0 0 CO V' 0 0 (0 N (O 0 0 0 CO 0 0 N N 0) M N N i 00 0 CO a) �i Q- 0 0 0 0 0 0 0 0 CO 0 0 0 0 0 a- U) a- V' 0 N M V' V' A- 0 N CO A- N C7 O 0 C Co CT Q • N N N N N C (6 7 Co (n lL � Q Q • • • STATE OF NEBRASKA ) ) ss. COUNTY OF DOUGLAS ) On this / 7.t- day of , , before me the undersigned, a Notary Public in and for said County, perso2 na11y came / _1 JIB f•dO l.if. (/� '/ CA:±z t.it4j-, who executed the above document, and acknowledged the execution thereof to be their voluntary act and deed as such officer and the voluntary act and deed of the City of Omaha, a Municipal Corporation. In testimony whereof I have hereunto set my hand and affixed by Notary Seal at Omaha in Douglas County, on the day and date last above written. N RAL NOTARY•State of Neb aska � yL - { t ' CYNTHIp.1.FORD My Comm.Exp.Attg.16,2011 NOTARY PUBLIC My Commission expires • / //1 OMAHA 100, INCORPORATED By WITNESS Title Date STATE OF NEBRASKA ) ) ss. COUNTY OF DOUGLAS ) On this day of , , before me the undersigned, a Notary Public in and for said County, personally came to me known to be the person named in and who executed the foregoing instrument, and acknowledged that he/she executed the same as his/her voluntary act and deed. In testimony whereof I have hereunto set my hand and affixed by Notary Seal at Omaha in Douglas County, on the day and date last above written. NOTARY PUBLIC My Commission expires APPROVED AS TO EO- 4/7 ASSISTANT CITY ATTORNEY Date PLNAMR1118 Debt Subordination Agreement shall therefore be deemed a second lien upon said property, being subject and subordinate to that of the Lender. IN WITNESS WHEREOF, the parties have executed this Debt Subordination Agreement as of the date indicated below. ATTEST: CITY OF OMAHA, A Municipal Corporation Zailar___ )114:112.4 ITY CLERK MAYOR OF THE OF OMA A f Trust and Promissory Note, which security interest was perfected on September 20, 2005, upon the filing of same with the Douglas County Register of Deeds, same being recorded on October 14, 2005, as Instrument No. 2005150383; and, alance of the deferred loan. The balance of the deferred loan will remain as a lien against the property until the expiration of the ten-year depreciation period, October 29, 2009, at which time the lien will be released. This proposed Resolution is consistent with the precedent set on January 26, 1999, by Council Resolution No. 182. Your favorable consideration of the attached Resolution is hereby requested Sincerely, Referred 'ty Council for Consideration: ri•,..r !03), ( ».Q. 6 — 2 9- 4, 13 Steven N. Je isen, A P, L.A.* Mayor's Office Planning Dir.c •- PLNAM R 1 1 18 Cover Letter T-444-5553, IF ARRANGEMENTS NEED TO BE MADE Subs ...-d -s my presence and sworn to before me this day of A I. . ,2008. NEW • MIRANDA RAY SMITH C\ Notary Public GeMwjl Notary SMf My Commissiontr o ExpltaaN�brasko Jan 18, 2012 Printer's Fee$ Affidavit Paid By IN 11! I 11'II ililiql i ; Ilil. /114 1 !Ii4/q11111;11,114101r!!$0 iligii!iiiiT il 11 111 bl IN 1° I ' li l' ill!; 111 1 1;' i 1 il ii'II% I' 1 A IM !!!•il I 1; ill '11 11 irri le. 1 114/1i1;iiik11!4;li NI' ,1 , ii. 5,. wholiti.1,4 i,,ili di. 1:fili:Ifiviii Pi II' r, di lir, . i . g ; v I 11 q; 7 1,:i 131118u.it.ilionc.i.111 ill • "11211:1PITIP9Ni;!Ill hIlliiilgliiii Oi I 11 II! PS! ! I ! III )10 lili 111 Ili rft1115 MC7118027 10447h1,10 77740...y.111!71 1 7 17 it! ,!ii i ; 1 1 1 i 1. . il lig li 1'18771111177;7u. . .1„al:""4 1 -1011'141'1"0:0 l'; PITAliil'Ilx1i0; i ! 1: 11: l'i!' ' 1 i ; ; I li ; 'i ii i`ii,ID ill I 11 17ii;;.p 7 17xx7781,0,17vx ihielgi OF ,0 , h 1. g g g, i 1;10111..ifii;lix el 1;lv it;11;f 1,Ixj4g0 II e e ,1 J1 Itl! 1 i . i ! 0 :. ' 1 il °I 1011p Ili 1 ie) aPh!;41411.r",:i 1 .117, ;i4'ri!ii:rill . i ! 0,e 1 e i i ; A HILL-FARRELL ASSOCIATES,INC. A.L.T.A. I A.C.S.M. LAND TITLE SURVEY Illi 1 I CROWN BEVERAGE PACKAGING,INC. / 2 In •• " Architects • Engineers • Surveyors PART OF THE NW 1/4 SEC.1,T14N,R12E, 111 1 —1—.7 9805 Giles Road,La Vista,NE 68128 (402)291-6100 DOUGLAS COUNTY,NEBRASKA. Employment and Training Administration withdraws approval of a training program, the contractor will no longer be permitted to utilize trainees at less than the applicable predetermined rate for the work performed until an acceptable program is approved. (iii) Equal employment opportunity. The utilization of apprentices, trainees and journeymen under this part shall be in conformity with the equal employment opportunity requirements of Executive Order 11246, as amended, and 29 CFR Part 30. 1. i ?v � s , te El-, �mA�11,_1lf1IfG..C':J1r.eVL iV 0, ii.Fh/�h1:;"p• `1!rra�='rpi i I =§N2 -'a :a- I-a -el': I`a- a- I N� .�FI \f4'am... a dv1r.te��:� > 0,etolii ';.Tr"'r`rrf ,I[f'=aA m .;.74,. ->: 1 i 1.t1: :.111-n1r - 3 i _ ' I I � v [�n - �_ ,q.,.-a -� `- — iv i 1 . : - ' • 'ir-., ,�"9.,rr-.-� .C4r>ti_r)�ra rA%��, - -,n c3 1 i_ 1 S 3 M 0"' tl 3 N�N 3 V II I �7 Pil[4l.i� f .7,71. 3 b 19 tiSr 1 I -- --- - ----_!_ -- — •r,'C\\33J�R1113:. G._ /�1 ® i �.. ` N90991; „.._..M �1 74011ifiT:1 , 0' > I j 133als an1vo30 ' -c7 cs :eE 9Fu° i L:-------------- -------'------- L CO L o CO .o LL 3 O in m CO C �` Co Q o rn o 3 3 3 3 a r U (� Q C m 2 a7 CD r- r CN Q > • E o) a Q o $ LL c LL Q Q a) Q Q O LL CO O N C Cn ..�.. iq C LL N C m c) 01 O N N (n 0 0 aci t c. n 0 E 0 p v z, a a aa) a 'c 0 r ..a aa) t a0i . .SC. d > a) . (rS O 0 0 0 I. 0 0 7 0 0 7 7 0 Co ! CO CO coin S1- wo 0o COI 0C am co 0Cn � Q 0C C (/) co a_ 0coa 0 0co ma Q 0 00 COts c 0 0 0 0 0 0 c0 CO O 0 0 0 cn O N. 0 0_ 0 0 0 0 0 _0 0 0 O O o 0 01 0 0 Co 0 o v .c CO a a • ' V- O N CO I,- 0 0 CO V' 0 0 (0 N (O 0 0 0 CO 0 0 N N 0) M N N i 00 0 CO a) �i Q- 0 0 0 0 0 0 0 0 CO 0 0 0 0 0 a- U) a- V' 0 N M V' V' A- 0 N CO A- N C7 O 0 C Co CT Q • N N N N N C (6 7 Co (n lL � Q Q • • • • APPLICATION FOR SUBORDINATION AGREEMENT (If approved, a $50.00 fee will be charged.) Borrower(s): Teresa L. Holmes Address: 2108 Wirt Street, Omaha,Nebraska 68110 Phone Number: 402 813-5066 Legal Description of Property: Lot 1,Kountze Place Replat I, an administrative subdivision in the City of Omaha New Mortgage/Deed of Trust Information Proposed New Mortgage Lender: Name _Omaha 100 Address 2401 Lake Street, Omaha,Nebraska 68111 Contact Name Jerry Dantzler Phone Number (402) 342-3773 Amount of Proposed Mortgage/Deed of Trust: $_86,500.00 Proposed Interest Rate: _5.875 % Est. Closing Costs &Fees: $ 5,090.12 **Must attach a good faith estimate or HUD statement** Is the new loan interest rate: X Fixed Adjustable **Must attach written rate confirmation from lender** Purpose(s) of the Loan: _I want to refinance my first mortgage loan, and I want to payoff half of my second mortgage loan with the City of Omaha, which is in the amount of $12,500.00. Will the new loan refinance an existing mortgage/deed of trust? X Yes No If Yes, what is the current balance of the existing mortgage/deed of trust: $_86,500.00 If Yes, what is the name of the lender? Omaha 100 **Must attach payoff statement from lender** Borrower(s) Signature(s): ' -.' Date: w zl Please submit this information to: City Planning Department C/o Kit Diesing 1819 Farnam Street, Suite 1111 Omaha,NE 68183 Phone: 402-444-5232 Fax: 402-444-6140 (Revised 8/28/2007) at of the Lender. IN WITNESS WHEREOF, the parties have executed this Debt Subordination Agreement as of the date indicated below. ATTEST: CITY OF OMAHA, A Municipal Corporation Zailar___ )114:112.4 ITY CLERK MAYOR OF THE OF OMA A f Trust and Promissory Note, which security interest was perfected on September 20, 2005, upon the filing of same with the Douglas County Register of Deeds, same being recorded on October 14, 2005, as Instrument No. 2005150383; and, alance of the deferred loan. The balance of the deferred loan will remain as a lien against the property until the expiration of the ten-year depreciation period, October 29, 2009, at which time the lien will be released. This proposed Resolution is consistent with the precedent set on January 26, 1999, by Council Resolution No. 182. Your favorable consideration of the attached Resolution is hereby requested Sincerely, Referred 'ty Council for Consideration: ri•,..r !03), ( ».Q. 6 — 2 9- 4, 13 Steven N. Je isen, A P, L.A.* Mayor's Office Planning Dir.c •- PLNAM R 1 1 18 Cover Letter T-444-5553, IF ARRANGEMENTS NEED TO BE MADE Subs ...-d -s my presence and sworn to before me this day of A I. . ,2008. NEW • MIRANDA RAY SMITH C\ Notary Public GeMwjl Notary SMf My Commissiontr o ExpltaaN�brasko Jan 18, 2012 Printer's Fee$ Affidavit Paid By IN 11! I 11'II ililiql i ; Ilil. /114 1 !Ii4/q11111;11,114101r!!$0 iligii!iiiiT il 11 111 bl IN 1° I ' li l' ill!; 111 1 1;' i 1 il ii'II% I' 1 A IM !!!•il I 1; ill '11 11 irri le. 1 114/1i1;iiik11!4;li NI' ,1 , ii. 5,. wholiti.1,4 i,,ili di. 1:fili:Ifiviii Pi II' r, di lir, . i . g ; v I 11 q; 7 1,:i 131118u.it.ilionc.i.111 ill • "11211:1PITIP9Ni;!Ill hIlliiilgliiii Oi I 11 II! PS! ! I ! III )10 lili 111 Ili rft1115 MC7118027 10447h1,10 77740...y.111!71 1 7 17 it! ,!ii i ; 1 1 1 i 1. . il lig li 1'18771111177;7u. . .1„al:""4 1 -1011'141'1"0:0 l'; PITAliil'Ilx1i0; i ! 1: 11: l'i!' ' 1 i ; ; I li ; 'i ii i`ii,ID ill I 11 17ii;;.p 7 17xx7781,0,17vx ihielgi OF ,0 , h 1. g g g, i 1;10111..ifii;lix el 1;lv it;11;f 1,Ixj4g0 II e e ,1 J1 Itl! 1 i . i ! 0 :. ' 1 il °I 1011p Ili 1 ie) aPh!;41411.r",:i 1 .117, ;i4'ri!ii:rill . i ! 0,e 1 e i i ; A HILL-FARRELL ASSOCIATES,INC. A.L.T.A. I A.C.S.M. LAND TITLE SURVEY Illi 1 I CROWN BEVERAGE PACKAGING,INC. / 2 In •• " Architects • Engineers • Surveyors PART OF THE NW 1/4 SEC.1,T14N,R12E, 111 1 —1—.7 9805 Giles Road,La Vista,NE 68128 (402)291-6100 DOUGLAS COUNTY,NEBRASKA. Employment and Training Administration withdraws approval of a training program, the contractor will no longer be permitted to utilize trainees at less than the applicable predetermined rate for the work performed until an acceptable program is approved. (iii) Equal employment opportunity. The utilization of apprentices, trainees and journeymen under this part shall be in conformity with the equal employment opportunity requirements of Executive Order 11246, as amended, and 29 CFR Part 30. 1. i ?v � s , te El-, �mA�11,_1lf1IfG..C':J1r.eVL iV 0, ii.Fh/�h1:;"p• `1!rra�='rpi i I =§N2 -'a :a- I-a -el': I`a- a- I N� .�FI \f4'am... a dv1r.te��:� > 0,etolii ';.Tr"'r`rrf ,I[f'=aA m .;.74,. ->: 1 i 1.t1: :.111-n1r - 3 i _ ' I I � v [�n - �_ ,q.,.-a -� `- — iv i 1 . : - ' • 'ir-., ,�"9.,rr-.-� .C4r>ti_r)�ra rA%��, - -,n c3 1 i_ 1 S 3 M 0"' tl 3 N�N 3 V II I �7 Pil[4l.i� f .7,71. 3 b 19 tiSr 1 I -- --- - ----_!_ -- — •r,'C\\33J�R1113:. G._ /�1 ® i �.. ` N90991; „.._..M �1 74011ifiT:1 , 0' > I j 133als an1vo30 ' -c7 cs :eE 9Fu° i L:-------------- -------'------- L CO L o CO .o LL 3 O in m CO C �` Co Q o rn o 3 3 3 3 a r U (� Q C m 2 a7 CD r- r CN Q > • E o) a Q o $ LL c LL Q Q a) Q Q O LL CO O N C Cn ..�.. iq C LL N C m c) 01 O N N (n 0 0 aci t c. n 0 E 0 p v z, a a aa) a 'c 0 r ..a aa) t a0i . .SC. d > a) . (rS O 0 0 0 I. 0 0 7 0 0 7 7 0 Co ! CO CO coin S1- wo 0o COI 0C am co 0Cn � Q 0C C (/) co a_ 0coa 0 0co ma Q 0 00 COts c 0 0 0 0 0 0 c0 CO O 0 0 0 cn O N. 0 0_ 0 0 0 0 0 _0 0 0 O O o 0 01 0 0 Co 0 o v .c CO a a • ' V- O N CO I,- 0 0 CO V' 0 0 (0 N (O 0 0 0 CO 0 0 N N 0) M N N i 00 0 CO a) �i Q- 0 0 0 0 0 0 0 0 CO 0 0 0 0 0 a- U) a- V' 0 N M V' V' A- 0 N CO A- N C7 O 0 C Co CT Q • N N N N N C (6 7 Co (n lL � Q Q • • 111/ • Nebr Doc Stamp Tax G t.", f r "- ��E coco no: r 1 i u 99 NOV —5 AM 10: 45 Q Date l•f:E FB 4%2-/1 0.b EAP Clfa COMP F? Cr -- -- SCAN '-- N DEED OF TRUST,CONSTRUCTION SECURITY AGREEMENT AND ASSIGNMENT OF RENTS THIS CONSTRUCTION SECURITY AGREEMENT (HEREINAFTER MAY BE REFERRED - TO AS SECURITY AGREEMENT) SECURES AN OBLIGATION WHICH THE DEBTOR /� 0"�— INCURRED FOR THE PURPOSES OF MAKING IMPROVEMENTS ON THE REAL PROPERTY DESCRIBED BELOW. THIS DEED OF TRUST,CONSTRUCTION SECURITY AGREEMENT AND ASSIGNMENT OF RENTS made this 29th day of October, 1999,among Teresa L. Holmes,a single person,2108 Wirt Street, Omaha,NE 68111 as Trustor; Jackie Barfield,Attorney-at-Law,6425 North 68th Street,Suite 1001,Omaha,Nebraska,68104, as Trustee;and, City of Omaha a Municipal Corporation, 1819 Famam Street,Omaha,Nebraska,68183, as Beneficiary: WITNESSETH: That Trustor irrevocably grants,transfers and assigns to Trustee in trust,with power of sale,the following described Real Estate: LOT 1, KOUNTZE REPLAT 1, BEING A REPLAT OF THE LOTS 12, 13, 14, BLOCK 17, KOUNTZE PLACE, AN ADDITION TO THE CITY OF OMAHA, AS SURVEYED, PLATTED AND RECORDED IN DOUGLAS COUNTY, NEBRASKA (commonly known as 2108 Wirt Street) together with all interest which Trustor now has or may hereafter acquire in and to said Real Estate and in and to: (a) all easements and rights of way appurtenant thereto and all of the estate, right, title, interest, claim and demand whatsoever of Trustor in the Real Estate, either at law or in equity, now or hereafter acquired: (b) all structures, buildings and improvements of every kind and description now or at any time hereafter located or placed on the Real Estate(the"Improvements"); (c)all machinery,appliances,apparatus,equipment and fixtures now or hereafter located in,upon or under the Real Estate or the Improvements,or any part thereof,and used or usable in connection with any present or future operation thereof, and all additions thereto and replacements therefore; (d) all articles of personal property and any additions to, substitutions for, changes in or replacements of the whole or any part thereof,including,without limitation,all,furniture and furnishings,now or at any time hereafter affixed to,attached to,placed upon or used in any way in connection with the use,enjoyment,occupancy or operation of the Real Estate or the Improvements, or any portion thereof, and owned by the Trustor or in which Trustor now has or hereafter acquires an interest; (3) all of the rents, royalties, issues and profits of the Real Estate and the Improvements, or arising from the use or enjoyment of all or any portion thereof or from any lease, license, concession, occupancy agreement or other agreement pertaining thereto(the"Rents and Profits"), and all right, title and interest of Trustor in and to all leases, licenses and occupancy agreements of the Real Estate or of the Improvements now or hereafter entered into and all right, title and interest of Trustor thereunder, including without limitation, cash or securities deposited thereunder to secure performance by tenants, lessees or licensees, as applicable, of their obligations thereunder; (f) all building materials and supplies now or hereafter placed on the Real Estate or in the Improvements; (g) all proceeds of the conversion, voluntary or involuntary, of any of the foregoing into cash or liquidated claims,including,without limitation,proceeds of insurance and condemnation awards;and(h)all other or greater rights and interests of every nature in the Real Estate and the Improvements and in the possession or use thereof and income therefrom,whether now owned or subsequently acquired by Trustor. The property so conveyed hereunder is hereinafter referred to as"such property". Return to: Dave Tollefsrud City Planning Department 1819 Farnam Street, Suite 1111 Omaha, NE. 68183 it;11;f 1,Ixj4g0 II e e ,1 J1 Itl! 1 i . i ! 0 :. ' 1 il °I 1011p Ili 1 ie) aPh!;41411.r",:i 1 .117, ;i4'ri!ii:rill . i ! 0,e 1 e i i ; A HILL-FARRELL ASSOCIATES,INC. A.L.T.A. I A.C.S.M. LAND TITLE SURVEY Illi 1 I CROWN BEVERAGE PACKAGING,INC. / 2 In •• " Architects • Engineers • Surveyors PART OF THE NW 1/4 SEC.1,T14N,R12E, 111 1 —1—.7 9805 Giles Road,La Vista,NE 68128 (402)291-6100 DOUGLAS COUNTY,NEBRASKA. Employment and Training Administration withdraws approval of a training program, the contractor will no longer be permitted to utilize trainees at less than the applicable predetermined rate for the work performed until an acceptable program is approved. (iii) Equal employment opportunity. The utilization of apprentices, trainees and journeymen under this part shall be in conformity with the equal employment opportunity requirements of Executive Order 11246, as amended, and 29 CFR Part 30. 1. i ?v � s , te El-, �mA�11,_1lf1IfG..C':J1r.eVL iV 0, ii.Fh/�h1:;"p• `1!rra�='rpi i I =§N2 -'a :a- I-a -el': I`a- a- I N� .�FI \f4'am... a dv1r.te��:� > 0,etolii ';.Tr"'r`rrf ,I[f'=aA m .;.74,. ->: 1 i 1.t1: :.111-n1r - 3 i _ ' I I � v [�n - �_ ,q.,.-a -� `- — iv i 1 . : - ' • 'ir-., ,�"9.,rr-.-� .C4r>ti_r)�ra rA%��, - -,n c3 1 i_ 1 S 3 M 0"' tl 3 N�N 3 V II I �7 Pil[4l.i� f .7,71. 3 b 19 tiSr 1 I -- --- - ----_!_ -- — •r,'C\\33J�R1113:. G._ /�1 ® i �.. ` N90991; „.._..M �1 74011ifiT:1 , 0' > I j 133als an1vo30 ' -c7 cs :eE 9Fu° i L:-------------- -------'------- L CO L o CO .o LL 3 O in m CO C �` Co Q o rn o 3 3 3 3 a r U (� Q C m 2 a7 CD r- r CN Q > • E o) a Q o $ LL c LL Q Q a) Q Q O LL CO O N C Cn ..�.. iq C LL N C m c) 01 O N N (n 0 0 aci t c. n 0 E 0 p v z, a a aa) a 'c 0 r ..a aa) t a0i . .SC. d > a) . (rS O 0 0 0 I. 0 0 7 0 0 7 7 0 Co ! CO CO coin S1- wo 0o COI 0C am co 0Cn � Q 0C C (/) co a_ 0coa 0 0co ma Q 0 00 COts c 0 0 0 0 0 0 c0 CO O 0 0 0 cn O N. 0 0_ 0 0 0 0 0 _0 0 0 O O o 0 01 0 0 Co 0 o v .c CO a a • ' V- O N CO I,- 0 0 CO V' 0 0 (0 N (O 0 0 0 CO 0 0 N N 0) M N N i 00 0 CO a) �i Q- 0 0 0 0 0 0 0 0 CO 0 0 0 0 0 a- U) a- V' 0 N M V' V' A- 0 N CO A- N C7 O 0 C Co CT Q • N N N N N C (6 7 Co (n lL � Q Q • • } • FOR THE PURPOSE OF SECURING: A. Payment of the principal sum of Twenty-five Thousand and 00/100ths dollars($25,000.00)evidenced by that certain promissory note dated of even date herewith(hereinafter referred to as the"Promissory Note") issued by Trustor in said amount and payable to the order of Beneficiary, together with interest thereon, late charges and prepayment bonuses according to the terms of the Promissory Note and all renewals, extensions and modifications thereof. B. Performance, discharge of and compliance with every obligation, covenant and agreement of Trustor incorporated by reference or contained herein or in any other security agreement or deed of trust at any time given to secure any indebtedness hereby secured,or any part thereof, including the Redevelopment Agreement with the City of Omaha dated August 31, 1999 and approved by City Council Resolution 2383. C. Payment of all fees and charges of Beneficiary,whether or not set forth herein. D. Payment of future advances necessary to protect such property. E. Payment of future advances to be made at the option of Trustor and Beneficiary. TO PROTECT THE SECURITY OF THIS DEED OF TRUST,TRUSTOR COVENANTS: 1. Title: That it is lawfully seized and possessed of a good and indefeasible title and estate to such property in fee simple and will forever warrant and defend the title thereto against the claims and demands of all persons whosoever;that it will at its expense,maintain and preserve the lien of this Deed of Trust as a second lien upon such property. 2. Maintenance: To keep such property in good condition and repair; to complete or restore promptly and in good and workmanlike manner any building which may be constructed, damaged or destroyed thereon and to pay, when due,all claims for labor performed and materials furnished therefor and for any alterations thereof;to comply with the provisions of restrictions affecting such property; not to remove, demolish or materially alter any building, or the character or use thereof at any time thereon;not to drill or extract nor to permit the drilling for or extraction of oil,gas or other hydrocarbon substances or any mineral of any kind unless the written consent of Beneficiary is first had and obtained;not to commit or permit any waste thereof or any act upon such property in violation of law;to do all other acts in a timely and proper manner which from the character or use of such property may be reasonably necessary to protect and preserve said security,the specific enumerations herein not excluding the general. 3. Construction of Improvements: To complete in good and workmanlike manner any building or improvement or repair relating thereto which may be begun on such property or contemplated by the loan secured hereby, to pay when due all costs and liabilities incurred therefor, and not to permit any construction lien against such property. Trustor also agrees, anything in this Deed of Trust to the contrary notwithstanding: (a) to promptly commence work and to complete the proposed improvements promptly, (b) to complete same in accordance with plans and specifications as approved by Beneficiary,al(c) to Beneficiarymplywith all of es toch property any at anshme s n nloan n agreement between Trustor and Beneficiary, (d) to inspect construction, and (e) to replace any work or materials unsatisfactory to Beneficiary, within fifteen (I 5) days after written notice from Beneficiary of such fact, which notice may be given to Trustor by registered or certified mail, sent to his last known address,or by personal service of the same. 4. Fire and Casualty Insurance:To keep such property insured against loss or damage of fire and other risk or risks which,in the opinion of Beneficiary should be insured against,under policies of insurance with loss payable to Beneficiary in form, amount and companies acceptable to Beneficiary. Said policies shall be delivered to and remain in possession of Beneficiary as further security for the faithful performance of these obligations, which delivery shall constitute an assignment by Trustor to beneficiary to all rights thereunder, including all return premiums;to deliver to beneficiary a policy or policies renewing or extending any expiring insurance with a receipt showing premiums paid at least thirty(30)days before expiration. if Trustor fails to so deliver any renewal policies, Beneficiary may procure such insurance as it may elect and make payment of premiums thereon, which payment is repayable on demand. Neither Trustee nor Beneficiary shall be responsible for obtaining or maintaining such insurance. Beneficiary, from time to time, may furnish to any insurance agency or company, or any other person, any infonnation contained in or extracted from any insurance policy theretofore delivered to Beneficiary pursuant art shall be in conformity with the equal employment opportunity requirements of Executive Order 11246, as amended, and 29 CFR Part 30. 1. i ?v � s , te El-, �mA�11,_1lf1IfG..C':J1r.eVL iV 0, ii.Fh/�h1:;"p• `1!rra�='rpi i I =§N2 -'a :a- I-a -el': I`a- a- I N� .�FI \f4'am... a dv1r.te��:� > 0,etolii ';.Tr"'r`rrf ,I[f'=aA m .;.74,. ->: 1 i 1.t1: :.111-n1r - 3 i _ ' I I � v [�n - �_ ,q.,.-a -� `- — iv i 1 . : - ' • 'ir-., ,�"9.,rr-.-� .C4r>ti_r)�ra rA%��, - -,n c3 1 i_ 1 S 3 M 0"' tl 3 N�N 3 V II I �7 Pil[4l.i� f .7,71. 3 b 19 tiSr 1 I -- --- - ----_!_ -- — •r,'C\\33J�R1113:. G._ /�1 ® i �.. ` N90991; „.._..M �1 74011ifiT:1 , 0' > I j 133als an1vo30 ' -c7 cs :eE 9Fu° i L:-------------- -------'------- L CO L o CO .o LL 3 O in m CO C �` Co Q o rn o 3 3 3 3 a r U (� Q C m 2 a7 CD r- r CN Q > • E o) a Q o $ LL c LL Q Q a) Q Q O LL CO O N C Cn ..�.. iq C LL N C m c) 01 O N N (n 0 0 aci t c. n 0 E 0 p v z, a a aa) a 'c 0 r ..a aa) t a0i . .SC. d > a) . (rS O 0 0 0 I. 0 0 7 0 0 7 7 0 Co ! CO CO coin S1- wo 0o COI 0C am co 0Cn � Q 0C C (/) co a_ 0coa 0 0co ma Q 0 00 COts c 0 0 0 0 0 0 c0 CO O 0 0 0 cn O N. 0 0_ 0 0 0 0 0 _0 0 0 O O o 0 01 0 0 Co 0 o v .c CO a a • ' V- O N CO I,- 0 0 CO V' 0 0 (0 N (O 0 0 0 CO 0 0 N N 0) M N N i 00 0 CO a) �i Q- 0 0 0 0 0 0 0 0 CO 0 0 0 0 0 a- U) a- V' 0 N M V' V' A- 0 N CO A- N C7 O 0 C Co CT Q • N N N N N C (6 7 Co (n lL � Q Q • • SCHEDULE A • HOME Program Rehabilitation Property Homebuyer Promissory Note Program Name: Holy Name Housing Corporation Agreement: Resolution 2383, Approved by City Council August 31, 1999 Property Address: 2108 Wirt Street, Omaha,Douglas,NE 68111 Loan Closing Date: October 29, 1999 • FOR THE VALUE RECEIVED, the undersigned jointly and severally promise(s) to pay to the order of the CITY OF OMAHA (herein called "CITY"), acting by and through the Director of the Planning Department or its successors, the sum of Twenty-five Thousand and 00/100ths Dollars, ( $25,000.00 ). The Principal on this Note is payable on the first day after the undersigned conveys, grants, mortgages, assigns or otherwise transfers their interest or a portion thereof in the property or improvements at 2108 Wirt Street and legally described as: LOT 1, KOUNTZE REPLAT 1, BEING A REPLAT OF THE LOTS 12, 13, 14, BLOCK 17, KOUNTZE PLACE, AN ADDITION TO THE CITY OF OMAHA, AS SURVEYED, PLATTED AND RECORDED IN DOUGLAS COUNTY,NEBRASKA(commonly known as 2108 Wirt Street) without the prior written consent of the said Director, and in lawful money of the United States at the principal office of the City of Omaha, 1819 Famam Street, Omaha, Nebraska, or at such other places as shall be designated by the City. The undersigned reserve(s) the right to prepay at any time all or any part of the principal amount of this Note without the payment of penalties or premiums. IN THE EVENT the undersigned shall fail to pay the principal amount of this Note when due,the undersigned shall pay to the CITY a late charge of 4%per calendar month, or fraction therof, on the amount past due and remaining unpaid. In the event that this'Note should be reduced to judgment, such judgment shall bear interest thereon at the statutory rate,but not to exceed 9%per annum. IF suit is instituted by the CITY to recover this Note, the undersigned agree(s) to pay all costs of such collection including reasonable attorneys'fees and court cost. THIS NOTE is secured by a second Deed of Trust duly filed for record in Douglas County,Nebraska. DEMAND,protest and notice of demand and protest are hereby waived, and the undersigned hereby waives, to the extent authorized by law, any and all homestead and other exemption rights which otherwise would apply to the debt evidenced by this Note. IN WITNESS WHEREOF, this Note has been duly executed by the Undersigned, as of the day and year above set forth. Teresa L.Holmes herein not excluding the general. 3. Construction of Improvements: To complete in good and workmanlike manner any building or improvement or repair relating thereto which may be begun on such property or contemplated by the loan secured hereby, to pay when due all costs and liabilities incurred therefor, and not to permit any construction lien against such property. Trustor also agrees, anything in this Deed of Trust to the contrary notwithstanding: (a) to promptly commence work and to complete the proposed improvements promptly, (b) to complete same in accordance with plans and specifications as approved by Beneficiary,al(c) to Beneficiarymplywith all of es toch property any at anshme s n nloan n agreement between Trustor and Beneficiary, (d) to inspect construction, and (e) to replace any work or materials unsatisfactory to Beneficiary, within fifteen (I 5) days after written notice from Beneficiary of such fact, which notice may be given to Trustor by registered or certified mail, sent to his last known address,or by personal service of the same. 4. Fire and Casualty Insurance:To keep such property insured against loss or damage of fire and other risk or risks which,in the opinion of Beneficiary should be insured against,under policies of insurance with loss payable to Beneficiary in form, amount and companies acceptable to Beneficiary. Said policies shall be delivered to and remain in possession of Beneficiary as further security for the faithful performance of these obligations, which delivery shall constitute an assignment by Trustor to beneficiary to all rights thereunder, including all return premiums;to deliver to beneficiary a policy or policies renewing or extending any expiring insurance with a receipt showing premiums paid at least thirty(30)days before expiration. if Trustor fails to so deliver any renewal policies, Beneficiary may procure such insurance as it may elect and make payment of premiums thereon, which payment is repayable on demand. Neither Trustee nor Beneficiary shall be responsible for obtaining or maintaining such insurance. Beneficiary, from time to time, may furnish to any insurance agency or company, or any other person, any infonnation contained in or extracted from any insurance policy theretofore delivered to Beneficiary pursuant art shall be in conformity with the equal employment opportunity requirements of Executive Order 11246, as amended, and 29 CFR Part 30. 1. i ?v � s , te El-, �mA�11,_1lf1IfG..C':J1r.eVL iV 0, ii.Fh/�h1:;"p• `1!rra�='rpi i I =§N2 -'a :a- I-a -el': I`a- a- I N� .�FI \f4'am... a dv1r.te��:� > 0,etolii ';.Tr"'r`rrf ,I[f'=aA m .;.74,. ->: 1 i 1.t1: :.111-n1r - 3 i _ ' I I � v [�n - �_ ,q.,.-a -� `- — iv i 1 . : - ' • 'ir-., ,�"9.,rr-.-� .C4r>ti_r)�ra rA%��, - -,n c3 1 i_ 1 S 3 M 0"' tl 3 N�N 3 V II I �7 Pil[4l.i� f .7,71. 3 b 19 tiSr 1 I -- --- - ----_!_ -- — •r,'C\\33J�R1113:. G._ /�1 ® i �.. ` N90991; „.._..M �1 74011ifiT:1 , 0' > I j 133als an1vo30 ' -c7 cs :eE 9Fu° i L:-------------- -------'------- L CO L o CO .o LL 3 O in m CO C �` Co Q o rn o 3 3 3 3 a r U (� Q C m 2 a7 CD r- r CN Q > • E o) a Q o $ LL c LL Q Q a) Q Q O LL CO O N C Cn ..�.. iq C LL N C m c) 01 O N N (n 0 0 aci t c. n 0 E 0 p v z, a a aa) a 'c 0 r ..a aa) t a0i . .SC. d > a) . (rS O 0 0 0 I. 0 0 7 0 0 7 7 0 Co ! CO CO coin S1- wo 0o COI 0C am co 0Cn � Q 0C C (/) co a_ 0coa 0 0co ma Q 0 00 COts c 0 0 0 0 0 0 c0 CO O 0 0 0 cn O N. 0 0_ 0 0 0 0 0 _0 0 0 O O o 0 01 0 0 Co 0 o v .c CO a a • ' V- O N CO I,- 0 0 CO V' 0 0 (0 N (O 0 0 0 CO 0 0 N N 0) M N N i 00 0 CO a) �i Q- 0 0 0 0 0 0 0 0 CO 0 0 0 0 0 a- U) a- V' 0 N M V' V' A- 0 N CO A- N C7 O 0 C Co CT Q • N N N N N C (6 7 Co (n lL � Q Q • • • i '06/24/OS HOLMEST GOOD FAITH ESTIMATE Omaha 100, Incorporated The information provided below reflects estimates of the charges that you are likely to incur at the settlement of your loan. The fees listed are estimates-the actual charges may be more or less. Your transaction may not involve a fee for every item listed. or HUD-1A nt nt I The numbers sbe receivingth at settlemees t generallyTh HUD-1 correspond HUD-IA Settlementnes Statemecontained t will show youHUD-1 lthe actual cost it msapa de at which you settlement. HUD-1/1A LINE AMOUNT ITEM 801 $ 855 . 00 * Loan origination fee 803 $ 700 . 00 Appraisal fee 804 $ 40 . 00 Credit Report 811 $ 1 2 5 . 0 0 Packaging Fee 812 $ 175 . 00 Underwriting Fee • 813 $ 1 2 5 . 0 0 Doc Prep Fee 901 $ 2 0 6 . 43 * Interest for 15 days at $ 13.7620 per day 902 $ 299 . 25 * MI Premium 903 $ 566 . 15 Hazard Insurance Premium 1001 $ 9 4 . 3 6 Hazard insurance reserves 2 payments @ $47.18 1002 $ 4 8 . 4 6 * MI renewal reserves 2 payments @ $24.23 1004 $ 4 8 9 . 7 2 County tax reserves 4 payments @ $122.43 1101 $ 175 . 00 Settlement or closing fee 1108 $ 2 6 5 . 0 0 Title insurance 1201 $ 7 5 . 5 0 Recording fees 1205 $ 6 0 0 . 0 0 Ref i Funding Fee 1301 $ 90 . 00 Survey 1302 $ 80 . 25 Pest inspection 1303 $ 24 . 00 Flood Certification 1304 $ 56 . 00 Tax Service Fee $ 5 , 090 . 12 Total Items with (*) are shown on the Disclosure as Finance Charges. educed to judgment, such judgment shall bear interest thereon at the statutory rate,but not to exceed 9%per annum. IF suit is instituted by the CITY to recover this Note, the undersigned agree(s) to pay all costs of such collection including reasonable attorneys'fees and court cost. THIS NOTE is secured by a second Deed of Trust duly filed for record in Douglas County,Nebraska. DEMAND,protest and notice of demand and protest are hereby waived, and the undersigned hereby waives, to the extent authorized by law, any and all homestead and other exemption rights which otherwise would apply to the debt evidenced by this Note. IN WITNESS WHEREOF, this Note has been duly executed by the Undersigned, as of the day and year above set forth. Teresa L.Holmes herein not excluding the general. 3. Construction of Improvements: To complete in good and workmanlike manner any building or improvement or repair relating thereto which may be begun on such property or contemplated by the loan secured hereby, to pay when due all costs and liabilities incurred therefor, and not to permit any construction lien against such property. Trustor also agrees, anything in this Deed of Trust to the contrary notwithstanding: (a) to promptly commence work and to complete the proposed improvements promptly, (b) to complete same in accordance with plans and specifications as approved by Beneficiary,al(c) to Beneficiarymplywith all of es toch property any at anshme s n nloan n agreement between Trustor and Beneficiary, (d) to inspect construction, and (e) to replace any work or materials unsatisfactory to Beneficiary, within fifteen (I 5) days after written notice from Beneficiary of such fact, which notice may be given to Trustor by registered or certified mail, sent to his last known address,or by personal service of the same. 4. Fire and Casualty Insurance:To keep such property insured against loss or damage of fire and other risk or risks which,in the opinion of Beneficiary should be insured against,under policies of insurance with loss payable to Beneficiary in form, amount and companies acceptable to Beneficiary. Said policies shall be delivered to and remain in possession of Beneficiary as further security for the faithful performance of these obligations, which delivery shall constitute an assignment by Trustor to beneficiary to all rights thereunder, including all return premiums;to deliver to beneficiary a policy or policies renewing or extending any expiring insurance with a receipt showing premiums paid at least thirty(30)days before expiration. if Trustor fails to so deliver any renewal policies, Beneficiary may procure such insurance as it may elect and make payment of premiums thereon, which payment is repayable on demand. Neither Trustee nor Beneficiary shall be responsible for obtaining or maintaining such insurance. Beneficiary, from time to time, may furnish to any insurance agency or company, or any other person, any infonnation contained in or extracted from any insurance policy theretofore delivered to Beneficiary pursuant art shall be in conformity with the equal employment opportunity requirements of Executive Order 11246, as amended, and 29 CFR Part 30. 1. i ?v � s , te El-, �mA�11,_1lf1IfG..C':J1r.eVL iV 0, ii.Fh/�h1:;"p• `1!rra�='rpi i I =§N2 -'a :a- I-a -el': I`a- a- I N� .�FI \f4'am... a dv1r.te��:� > 0,etolii ';.Tr"'r`rrf ,I[f'=aA m .;.74,. ->: 1 i 1.t1: :.111-n1r - 3 i _ ' I I � v [�n - �_ ,q.,.-a -� `- — iv i 1 . : - ' • 'ir-., ,�"9.,rr-.-� .C4r>ti_r)�ra rA%��, - -,n c3 1 i_ 1 S 3 M 0"' tl 3 N�N 3 V II I �7 Pil[4l.i� f .7,71. 3 b 19 tiSr 1 I -- --- - ----_!_ -- — •r,'C\\33J�R1113:. G._ /�1 ® i �.. ` N90991; „.._..M �1 74011ifiT:1 , 0' > I j 133als an1vo30 ' -c7 cs :eE 9Fu° i L:-------------- -------'------- L CO L o CO .o LL 3 O in m CO C �` Co Q o rn o 3 3 3 3 a r U (� Q C m 2 a7 CD r- r CN Q > • E o) a Q o $ LL c LL Q Q a) Q Q O LL CO O N C Cn ..�.. iq C LL N C m c) 01 O N N (n 0 0 aci t c. n 0 E 0 p v z, a a aa) a 'c 0 r ..a aa) t a0i . .SC. d > a) . (rS O 0 0 0 I. 0 0 7 0 0 7 7 0 Co ! CO CO coin S1- wo 0o COI 0C am co 0Cn � Q 0C C (/) co a_ 0coa 0 0co ma Q 0 00 COts c 0 0 0 0 0 0 c0 CO O 0 0 0 cn O N. 0 0_ 0 0 0 0 0 _0 0 0 O O o 0 01 0 0 Co 0 o v .c CO a a • ' V- O N CO I,- 0 0 CO V' 0 0 (0 N (O 0 0 0 CO 0 0 N N 0) M N N i 00 0 CO a) �i Q- 0 0 0 0 0 0 0 0 CO 0 0 0 0 0 a- U) a- V' 0 N M V' V' A- 0 N CO A- N C7 O 0 C Co CT Q • N N N N N C (6 7 Co (n lL � Q Q • • Breakdown for Hud Line 105 • File Number : HOLMEST Loan Number : Borrower : Teresa . Holmes Payoff Amount Lender : Wells Fargo $ 48 , 000 . 00 Property : 2108 Wirt St . , Omaha , NE 68111 Lender : City of Omaha 12 , 500 . 00 Property : 2108 Wirt St . , Omaha , NE 68111 Lender : HFC • 36 , 000 . 00 Property : 2108 Wirt St . , Omaha , NE 68111 Total $ 96 , 500 . 00 k Y DATE PLNLSF 1120-res C:1044 By.. .... ...713Councilmember Adopted AUG 1 2 2008 "7 _0 7040-4 City Clerk Approvetb "a•44.4,47.----6.... Mayor T RE . IVED RECEIVED BY ;.AdV I tG MADE 8 DATE MAILED 7 I7-os ' I DATE MAILED 7 5-- Date .. '-- • 708/0251921391/XP522/2/4/0000004788208 October 05 , 2007 Teresa L Holmes Borrower 402 457 4332 • (402)457-5682 Mortgagor: Teresa L Holmes Property : 2108 Wirt St Omaha NE 68110-2054 FHA Case No . Sec : 321-2026997/703 708 Loan Number: 0251921391 Loan Type : FHA THIS STATEMENT REFLECTS THE PAYOFF DATE YOU PROVIDED. ALL FIGURES MUST BE VERIFIED 24 HOURS PRIOR TO PAYOFF. FOR YOUR CONVENIENCE, PLEASE CALL OUR VOICE RESPONSE SYSTEM AND SELECT THE APPROPRIATE PAYOFF QUOTE OPTIONS. ALL FIGURES SUBJECT TO FINAL VERIFICATION BY THE NOTEHOLDER. ALL REMITTANCES MUST BE MADE BY CASHIER'S CHECK OR CERTIFIED FUNDS. 1 . TOTAL PRINCIPAL, INTEREST AND OTHER AMOUNTS DUE UNDER NOTE/SECURITY INSTRUMENT Note: This Note/Security Instrument is due for payment September 01 , 2007 Unpaid Principal Balance $ 47,485.26 Interest at 2.99000% from 08-01-07 to 11-01-07 353.97 Unpaid Late Charges 17 .85 TOTAL AMOUNT DUE UNDER NOTE'SECURITY INSTRUMENT ' _ $ _ 47;-g-g7 :-$g 2 . ADDITIONAL CONTRACTUAL AND OTHER FEES AND CHARGES DUE Other Unpaid Charges 14.50 Recording Fees 5 .50 Fax Fee 5 .00 Obligation Fee .00 Buydown/Corp Subsidy .00 TOTAL CONTRACTUAL AND OTHER FEES AND CHARGES DUE $ 25.00 TOTAL AMOUNT DUE $ 47,882.08 1 ection 1303 $ 24 . 00 Flood Certification 1304 $ 56 . 00 Tax Service Fee $ 5 , 090 . 12 Total Items with (*) are shown on the Disclosure as Finance Charges. educed to judgment, such judgment shall bear interest thereon at the statutory rate,but not to exceed 9%per annum. IF suit is instituted by the CITY to recover this Note, the undersigned agree(s) to pay all costs of such collection including reasonable attorneys'fees and court cost. THIS NOTE is secured by a second Deed of Trust duly filed for record in Douglas County,Nebraska. DEMAND,protest and notice of demand and protest are hereby waived, and the undersigned hereby waives, to the extent authorized by law, any and all homestead and other exemption rights which otherwise would apply to the debt evidenced by this Note. IN WITNESS WHEREOF, this Note has been duly executed by the Undersigned, as of the day and year above set forth. Teresa L.Holmes herein not excluding the general. 3. Construction of Improvements: To complete in good and workmanlike manner any building or improvement or repair relating thereto which may be begun on such property or contemplated by the loan secured hereby, to pay when due all costs and liabilities incurred therefor, and not to permit any construction lien against such property. Trustor also agrees, anything in this Deed of Trust to the contrary notwithstanding: (a) to promptly commence work and to complete the proposed improvements promptly, (b) to complete same in accordance with plans and specifications as approved by Beneficiary,al(c) to Beneficiarymplywith all of es toch property any at anshme s n nloan n agreement between Trustor and Beneficiary, (d) to inspect construction, and (e) to replace any work or materials unsatisfactory to Beneficiary, within fifteen (I 5) days after written notice from Beneficiary of such fact, which notice may be given to Trustor by registered or certified mail, sent to his last known address,or by personal service of the same. 4. Fire and Casualty Insurance:To keep such property insured against loss or damage of fire and other risk or risks which,in the opinion of Beneficiary should be insured against,under policies of insurance with loss payable to Beneficiary in form, amount and companies acceptable to Beneficiary. Said policies shall be delivered to and remain in possession of Beneficiary as further security for the faithful performance of these obligations, which delivery shall constitute an assignment by Trustor to beneficiary to all rights thereunder, including all return premiums;to deliver to beneficiary a policy or policies renewing or extending any expiring insurance with a receipt showing premiums paid at least thirty(30)days before expiration. if Trustor fails to so deliver any renewal policies, Beneficiary may procure such insurance as it may elect and make payment of premiums thereon, which payment is repayable on demand. Neither Trustee nor Beneficiary shall be responsible for obtaining or maintaining such insurance. Beneficiary, from time to time, may furnish to any insurance agency or company, or any other person, any infonnation contained in or extracted from any insurance policy theretofore delivered to Beneficiary pursuant art shall be in conformity with the equal employment opportunity requirements of Executive Order 11246, as amended, and 29 CFR Part 30. 1. i ?v � s , te El-, �mA�11,_1lf1IfG..C':J1r.eVL iV 0, ii.Fh/�h1:;"p• `1!rra�='rpi i I =§N2 -'a :a- I-a -el': I`a- a- I N� .�FI \f4'am... a dv1r.te��:� > 0,etolii ';.Tr"'r`rrf ,I[f'=aA m .;.74,. ->: 1 i 1.t1: :.111-n1r - 3 i _ ' I I � v [�n - �_ ,q.,.-a -� `- — iv i 1 . : - ' • 'ir-., ,�"9.,rr-.-� .C4r>ti_r)�ra rA%��, - -,n c3 1 i_ 1 S 3 M 0"' tl 3 N�N 3 V II I �7 Pil[4l.i� f .7,71. 3 b 19 tiSr 1 I -- --- - ----_!_ -- — •r,'C\\33J�R1113:. G._ /�1 ® i �.. ` N90991; „.._..M �1 74011ifiT:1 , 0' > I j 133als an1vo30 ' -c7 cs :eE 9Fu° i L:-------------- -------'------- L CO L o CO .o LL 3 O in m CO C �` Co Q o rn o 3 3 3 3 a r U (� Q C m 2 a7 CD r- r CN Q > • E o) a Q o $ LL c LL Q Q a) Q Q O LL CO O N C Cn ..�.. iq C LL N C m c) 01 O N N (n 0 0 aci t c. n 0 E 0 p v z, a a aa) a 'c 0 r ..a aa) t a0i . .SC. d > a) . (rS O 0 0 0 I. 0 0 7 0 0 7 7 0 Co ! CO CO coin S1- wo 0o COI 0C am co 0Cn � Q 0C C (/) co a_ 0coa 0 0co ma Q 0 00 COts c 0 0 0 0 0 0 c0 CO O 0 0 0 cn O N. 0 0_ 0 0 0 0 0 _0 0 0 O O o 0 01 0 0 Co 0 o v .c CO a a • ' V- O N CO I,- 0 0 CO V' 0 0 (0 N (O 0 0 0 CO 0 0 N N 0) M N N i 00 0 CO a) �i Q- 0 0 0 0 0 0 0 0 CO 0 0 0 0 0 a- U) a- V' 0 N M V' V' A- 0 N CO A- N C7 O 0 C Co CT Q • N N N N N C (6 7 Co (n lL � Q Q • • I ___. . . . . Z788 N 114TH ST Statement of Your OMAHA NE 68154 Personal Homeowner Credit Line • Member HSBC©Group Payment Nw 8alanct B4O0,1 P _..- ... i_mmma Payment: ,Coupon • n 79 1-0 3 7` . Due , • • 5-00038767 123456000000 IIIIirluIui,IIiiuIIII I IIIunlilirliillluilrilnlilil Mail Payment To: TERESA L HOLMES IILIJIInuIiIi6IIIlilulillliLlullli 111111liuIIIHlllil 2108 WIRT ST HFC OMAHA NE 68110-2054 POST OFFICE BOX 4153-K . CAROL STREAM IL 60197-4153 lilliilliiiiiillliliiliiililiiliiill ililiiiiliiliill EL . 3000682006161031315311860034399799 • For Assistance: Your Personal Homeowner Credit Line is $ 35,000.00 788 N 114TH ST Your Available Credit is $ 600.00 y OMAHA NE 68154 .. 402-493-0461 Account Summary .yams Jc �,i 1:1 'Syc.a,. ^�'...•c•-r u t 'pr7,7 r s tiM}'.£� 4 "a/ {R'fb � f A - S{/ 'S'. � r {i al1r e'iitr &e. "s. "' v,. . ,�}-S 4 u fe,,, ..:i fix- : k. . f,,,,,,' .. , K • } _ c 1^a r a ,i s. ;ea n __••• 4. s..ter..:. . ?-_+,. I" o:: .▪ :p A- '.f. M. 1013076328 Insurance Premiums Paid Since Last Statement Billina Cycle Life Insurance A&14 Insurance IUI Insurance RELI Insurance Total Insurance • — 29.09 34.97 WA WA 64.06 am am IMO If'N/A- appears, N/A means not applicable • �^�}//'' Account Detail Since Last Statement 0 ri nn y> /lA = Transaction Date Posting Date Transaction Description t Transaction Amount 0 09/16/07 09/16/07 PAYMENT 111✓ 342:50- 09/30/07 09/30/07 PAYMENT ' 342.00- imi 10/13/07 10/13/07 LIFE INSURANCE CHARGE 29.01 10/13/07 10/13/07 A& H INSURANCE CHARGE 34.88 Your payment will be electronically debited from your designated bank account with the frequency and for the amount selected on _ your EZPay Plus enrollment form. If you have any questions ____..____ — __ . please calr your local branch or customer service representative • at the number listed above. • a You may request a credit line reduction or cancellation at any time during the life of this loan. Contact us at 1-800-547-8776 or visit our website at www.hfc.com/creditline for additional information. OM Mlle IMMI For information on obtaining a formal loan pay-off quote you can call your local account representative at the customer service number listed above,call us at 888-3956000_or visit our on-line e-care center,.at wiivW.Fifc.com. -._ /: Average • Daily Monthly ( ANNUAL CURRENT Balance Periodic Rate ( PERCENTAGE RATE FINANCE CHARGE S 33.881.98 1.575% \ 18.900% S 533.64 Page 1 of 2 `New Balance may or may not include interest accrued since the billing date. you"hav`i e questions on this billing,please call Customer Service at 402-493.0461. Written inquiries about billing errors or questions and any nonpayment correspondence, including instructions on how to request a credit line reduction,cancellation,or reinstatement,should be addressed to HFC Customer Service, 788 N 114TH ST, OMAHA NE 68154. Please include your name;address,and account number on all correspondence. Mail payment to:HFC, POST OFFICE BOX 4153-K CAROL STREAM IL 60197. NOTE: PLEASE SEE REVERSE SIDE FOR IMPORTANT INFORMATION • insurance with loss payable to Beneficiary in form, amount and companies acceptable to Beneficiary. Said policies shall be delivered to and remain in possession of Beneficiary as further security for the faithful performance of these obligations, which delivery shall constitute an assignment by Trustor to beneficiary to all rights thereunder, including all return premiums;to deliver to beneficiary a policy or policies renewing or extending any expiring insurance with a receipt showing premiums paid at least thirty(30)days before expiration. if Trustor fails to so deliver any renewal policies, Beneficiary may procure such insurance as it may elect and make payment of premiums thereon, which payment is repayable on demand. Neither Trustee nor Beneficiary shall be responsible for obtaining or maintaining such insurance. Beneficiary, from time to time, may furnish to any insurance agency or company, or any other person, any infonnation contained in or extracted from any insurance policy theretofore delivered to Beneficiary pursuant art shall be in conformity with the equal employment opportunity requirements of Executive Order 11246, as amended, and 29 CFR Part 30. 1. i ?v � s , te El-, �mA�11,_1lf1IfG..C':J1r.eVL iV 0, ii.Fh/�h1:;"p• `1!rra�='rpi i I =§N2 -'a :a- I-a -el': I`a- a- I N� .�FI \f4'am... a dv1r.te��:� > 0,etolii ';.Tr"'r`rrf ,I[f'=aA m .;.74,. ->: 1 i 1.t1: :.111-n1r - 3 i _ ' I I � v [�n - �_ ,q.,.-a -� `- — iv i 1 . : - ' • 'ir-., ,�"9.,rr-.-� .C4r>ti_r)�ra rA%��, - -,n c3 1 i_ 1 S 3 M 0"' tl 3 N�N 3 V II I �7 Pil[4l.i� f .7,71. 3 b 19 tiSr 1 I -- --- - ----_!_ -- — •r,'C\\33J�R1113:. G._ /�1 ® i �.. ` N90991; „.._..M �1 74011ifiT:1 , 0' > I j 133als an1vo30 ' -c7 cs :eE 9Fu° i L:-------------- -------'------- L CO L o CO .o LL 3 O in m CO C �` Co Q o rn o 3 3 3 3 a r U (� Q C m 2 a7 CD r- r CN Q > • E o) a Q o $ LL c LL Q Q a) Q Q O LL CO O N C Cn ..�.. iq C LL N C m c) 01 O N N (n 0 0 aci t c. n 0 E 0 p v z, a a aa) a 'c 0 r ..a aa) t a0i . .SC. d > a) . (rS O 0 0 0 I. 0 0 7 0 0 7 7 0 Co ! CO CO coin S1- wo 0o COI 0C am co 0Cn � Q 0C C (/) co a_ 0coa 0 0co ma Q 0 00 COts c 0 0 0 0 0 0 c0 CO O 0 0 0 cn O N. 0 0_ 0 0 0 0 0 _0 0 0 O O o 0 01 0 0 Co 0 o v .c CO a a • ' V- O N CO I,- 0 0 CO V' 0 0 (0 N (O 0 0 0 CO 0 0 N N 0) M N N i 00 0 CO a) �i Q- 0 0 0 0 0 0 0 0 CO 0 0 0 0 0 a- U) a- V' 0 N M V' V' A- 0 N CO A- N C7 O 0 C Co CT Q • N N N N N C (6 7 Co (n lL � Q Q • • C-25A , • CITY OF OMAHA LEGISLATIVE CHAMBER Omaha,Nebraska RESOLVED BY THE CITY COUNCIL OF THE CITY OF OMAHA: WHEREAS, on August 31, 1999, a Redevelopment Agreement between the City and Holy Name Housing Corporation was approved by City Council Resolution No. 2383; and, WHEREAS, under the terms of that Agreement, eligible homebuyers received partial financing for the acquisition of single family homes, such financing consisting of a deferred payment loan the principal of which becomes due upon sale, lease or other transfer of any kind or nature of the mortgaged property, or any part thereof; and, WHEREAS, on October 29, 1999, Teresa L. Holmes executed a deferred payment loan Deed of Trust and Promissory Note in the amount of$25,000.00 for the purpose of partially funding the acquisition of her property located at 2108 Wirt Street, such documents being recorded on November 5, 1999, with the Douglas County Register of Deeds in Book 5883 on Page 035; and, WHEREAS, the terms of the Deed of Trust and Promissory Note required that the Deed of Trust securing such financing be in no less than second lien position; and, WHEREAS, the terms of the Deed of Trust and Promissory Note allow for the depreciation of homebuyer deferred payment loans for newly constructed properties by fifty percent (50%) after ten (10) years from the date of the Promissory Note; and, WHEREAS, the principal balance of the above-referenced deferred payment loan is scheduled to depreciate on October 5, 2011; and, WHEREAS, Ms. Holmes has been approved for a new loan in an amount sufficient to refinance the balance of her first mortgage, repay the depreciated balance of the deferred payment loan, refinance some additional debts, plus cover reasonable closing costs; and, WHEREAS, the lender is willing to make such loan provided it can be secured by a first mortgage/deed of trust; and, By Councilmember Adopted City Clerk Approved Mayor - imi 10/13/07 10/13/07 LIFE INSURANCE CHARGE 29.01 10/13/07 10/13/07 A& H INSURANCE CHARGE 34.88 Your payment will be electronically debited from your designated bank account with the frequency and for the amount selected on _ your EZPay Plus enrollment form. If you have any questions ____..____ — __ . please calr your local branch or customer service representative • at the number listed above. • a You may request a credit line reduction or cancellation at any time during the life of this loan. Contact us at 1-800-547-8776 or visit our website at www.hfc.com/creditline for additional information. OM Mlle IMMI For information on obtaining a formal loan pay-off quote you can call your local account representative at the customer service number listed above,call us at 888-3956000_or visit our on-line e-care center,.at wiivW.Fifc.com. -._ /: Average • Daily Monthly ( ANNUAL CURRENT Balance Periodic Rate ( PERCENTAGE RATE FINANCE CHARGE S 33.881.98 1.575% \ 18.900% S 533.64 Page 1 of 2 `New Balance may or may not include interest accrued since the billing date. you"hav`i e questions on this billing,please call Customer Service at 402-493.0461. Written inquiries about billing errors or questions and any nonpayment correspondence, including instructions on how to request a credit line reduction,cancellation,or reinstatement,should be addressed to HFC Customer Service, 788 N 114TH ST, OMAHA NE 68154. Please include your name;address,and account number on all correspondence. Mail payment to:HFC, POST OFFICE BOX 4153-K CAROL STREAM IL 60197. NOTE: PLEASE SEE REVERSE SIDE FOR IMPORTANT INFORMATION • insurance with loss payable to Beneficiary in form, amount and companies acceptable to Beneficiary. Said policies shall be delivered to and remain in possession of Beneficiary as further security for the faithful performance of these obligations, which delivery shall constitute an assignment by Trustor to beneficiary to all rights thereunder, including all return premiums;to deliver to beneficiary a policy or policies renewing or extending any expiring insurance with a receipt showing premiums paid at least thirty(30)days before expiration. if Trustor fails to so deliver any renewal policies, Beneficiary may procure such insurance as it may elect and make payment of premiums thereon, which payment is repayable on demand. Neither Trustee nor Beneficiary shall be responsible for obtaining or maintaining such insurance. Beneficiary, from time to time, may furnish to any insurance agency or company, or any other person, any infonnation contained in or extracted from any insurance policy theretofore delivered to Beneficiary pursuant art shall be in conformity with the equal employment opportunity requirements of Executive Order 11246, as amended, and 29 CFR Part 30. 1. i ?v � s , te El-, �mA�11,_1lf1IfG..C':J1r.eVL iV 0, ii.Fh/�h1:;"p• `1!rra�='rpi i I =§N2 -'a :a- I-a -el': I`a- a- I N� .�FI \f4'am... a dv1r.te��:� > 0,etolii ';.Tr"'r`rrf ,I[f'=aA m .;.74,. ->: 1 i 1.t1: :.111-n1r - 3 i _ ' I I � v [�n - �_ ,q.,.-a -� `- — iv i 1 . : - ' • 'ir-., ,�"9.,rr-.-� .C4r>ti_r)�ra rA%��, - -,n c3 1 i_ 1 S 3 M 0"' tl 3 N�N 3 V II I �7 Pil[4l.i� f .7,71. 3 b 19 tiSr 1 I -- --- - ----_!_ -- — •r,'C\\33J�R1113:. 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CITY OF OMAHA LEGISLATIVE CHAMBER Omaha,Nebraska PAGE 2 •WHEREAS, it is in the best interests of the citizens of the City of Omaha that the Mayor execute a debt subordination agreement, in a form substantially the same as the attached • Exhibit A, in return for the payment of $12,500.00 as the early depreciated balance of the deferred payment loan; and, , • .. WHEREAS, the balance of the deferred payment loan will remain as a lien against the property until the completion of the ten (10) year term on October 29, 2009. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OMAHA: THAT, the Mayor is hereby authorized to execute a debt subordination agreement for Teresa L. Holmes, regarding property located at 2108 Wirt Street, reflecting the terms and conditions set forth in this resolution, in substantially the same form as the proposed debt subordination attached hereto. APPROVED AS TO FORM: /, (0 dqg L:1 / - CITY ATTO ate PLNAMR1118 Resolution 1.0440$4q By Councilmember Adopted JUL 1 5 2008 fr O ii7se, __ "e-‘:-' - City Clerk `a 7/"/ Approved�l �' '�'t�/sj Mayor nt (50%) after ten (10) years from the date of the Promissory Note; and, WHEREAS, the principal balance of the above-referenced deferred payment loan is scheduled to depreciate on October 5, 2011; and, WHEREAS, Ms. Holmes has been approved for a new loan in an amount sufficient to refinance the balance of her first mortgage, repay the depreciated balance of the deferred payment loan, refinance some additional debts, plus cover reasonable closing costs; and, WHEREAS, the lender is willing to make such loan provided it can be secured by a first mortgage/deed of trust; and, By Councilmember Adopted City Clerk Approved Mayor - imi 10/13/07 10/13/07 LIFE INSURANCE CHARGE 29.01 10/13/07 10/13/07 A& H INSURANCE CHARGE 34.88 Your payment will be electronically debited from your designated bank account with the frequency and for the amount selected on _ your EZPay Plus enrollment form. If you have any questions ____..____ — __ . please calr your local branch or customer service representative • at the number listed above. • a You may request a credit line reduction or cancellation at any time during the life of this loan. Contact us at 1-800-547-8776 or visit our website at www.hfc.com/creditline for additional information. OM Mlle IMMI For information on obtaining a formal loan pay-off quote you can call your local account representative at the customer service number listed above,call us at 888-3956000_or visit our on-line e-care center,.at wiivW.Fifc.com. -._ /: Average • Daily Monthly ( ANNUAL CURRENT Balance Periodic Rate ( PERCENTAGE RATE FINANCE CHARGE S 33.881.98 1.575% \ 18.900% S 533.64 Page 1 of 2 `New Balance may or may not include interest accrued since the billing date. you"hav`i e questions on this billing,please call Customer Service at 402-493.0461. Written inquiries about billing errors or questions and any nonpayment correspondence, including instructions on how to request a credit line reduction,cancellation,or reinstatement,should be addressed to HFC Customer Service, 788 N 114TH ST, OMAHA NE 68154. Please include your name;address,and account number on all correspondence. Mail payment to:HFC, POST OFFICE BOX 4153-K CAROL STREAM IL 60197. NOTE: PLEASE SEE REVERSE SIDE FOR IMPORTANT INFORMATION • insurance with loss payable to Beneficiary in form, amount and companies acceptable to Beneficiary. Said policies shall be delivered to and remain in possession of Beneficiary as further security for the faithful performance of these obligations, which delivery shall constitute an assignment by Trustor to beneficiary to all rights thereunder, including all return premiums;to deliver to beneficiary a policy or policies renewing or extending any expiring insurance with a receipt showing premiums paid at least thirty(30)days before expiration. if Trustor fails to so deliver any renewal policies, Beneficiary may procure such insurance as it may elect and make payment of premiums thereon, which payment is repayable on demand. Neither Trustee nor Beneficiary shall be responsible for obtaining or maintaining such insurance. Beneficiary, from time to time, may furnish to any insurance agency or company, or any other person, any infonnation contained in or extracted from any insurance policy theretofore delivered to Beneficiary pursuant art shall be in conformity with the equal employment opportunity requirements of Executive Order 11246, as amended, and 29 CFR Part 30. 1. i ?v � s , te El-, �mA�11,_1lf1IfG..C':J1r.eVL iV 0, ii.Fh/�h1:;"p• `1!rra�='rpi i I =§N2 -'a :a- I-a -el': I`a- a- I N� .�FI \f4'am... a dv1r.te��:� > 0,etolii ';.Tr"'r`rrf ,I[f'=aA m .;.74,. ->: 1 i 1.t1: :.111-n1r - 3 i _ ' I I � v [�n - �_ ,q.,.-a -� `- — iv i 1 . : - ' • 'ir-., ,�"9.,rr-.-� .C4r>ti_r)�ra rA%��, - -,n c3 1 i_ 1 S 3 M 0"' tl 3 N�N 3 V II I �7 Pil[4l.i� f .7,71. 3 b 19 tiSr 1 I -- --- - ----_!_ -- — •r,'C\\33J�R1113:. 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S 0 / § E & CD \ / C ] \ k \ & • • ... \\*\::.‘ •\ /\\\2 y� ��- \ . ' «?� N. , . . , \ RECEIVED BY ;.AdV I tG MADE 8 DATE MAILED 7 I7-os ' I DATE MAILED 7 5-- Date