Supporting Documentation · Nov 10, 2024
Draft_October 2025_West Orange_HEFSP_with Appendices
8cc4336a49563e60aff1fbef6e7a71a52d9114761e55ff472121fb6c568c7b40Indexed text · page 511
Show all pagescertified mail, retum. receipt requested, or by certified or registered mail, postage prepaid, return receipt requested, at the addresses specified below, or at such other addresses as may be specified in writing by the parties hereto. Agency: Executive Director New Jersey Housing and Mortgage Finance Agency 637 South Clinton Avenue, CN 18550 Trenton, NJ 08650-2085 Owner: Jewish Services for the Developmentally Disabled of MetroWest, Inc. 270 Pleasant Valley Way West Orange, NJ 07052 Attention: Executive Director All notices shail be deemed given when received. Section 38. Severahitity. The invatidity of any part Or provision hereof shall not affect the validity, legality and enforceability of the remaining portions hereof. and to this end the provisions of this Agreement shall be severable. ¥ Section 39, Successors and Assigns. This Agreement and all nights, duties, obligations and interests arising hereunder shall bind and inure ‘tu.the benefit of the parties hereto and their respective heirs, personal representatives. successors and permitted assigns, Section 40. Personal Liability. Notwithstanding any other provision contained in this Agreement, the other toan documents or any other document or instrument executed by the owner in connection herewith or therewith, the Agency agrees, on behalf of itself and any future holder of the Note, that the liability of the Owner, afly generat or limited partner, member or shareholder of the Owner, if applicable, and its respective heirs, representatives, successors and assigns, tor the payment of its obligations, hereunder and under the other loan documents, including, without limitation, the payment of principal, interest and other charges due hereunder and thereunder, shall be limited to the collateral pledged under the mortgage and the other loan documents, and that the Agency shall have‘ng right to seek a personal judgment against the Owner, any general or limited partner, member or shareholder of the Owner, if applicable and its respective heirs, representatives, successors and assigns, individually, except to the extent necessary to subject the collateral {including the Project an¢ Land) pledged under the Mortgage and the other loan documents to the satisfaction of the Mortgage debt, and provided, however, that the Agency shall retain the right to exercise any and al] remedies granted to it under the
e Mortgage and the other loan documents to the satisfaction of the Mortgage debt, and provided, however, that the Agency shall retain the right to exercise any and al] remedies granted to it under the Mortgage, this Agreement and the other loan documents, including without limitation the right to sue for injunctive or other equitable relief. The foregoing limitation of Jiability shal} not apply to any party to the extent such party has committed fraudulent, criminal or other unlawful acts and shall not apply to such amounts due to the Lender pursuant to Sections 10, 1}. 12, 15, and 33 of this Agreement. Section 41. Reserved. Section 42. Disclaimer of Warranties, Liability; Indemnification/Defense- 20
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- Sep 29, 2026
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