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HomeMy WebLinkAboutHOUSING REHABILITATION PROGRAM AGREEMENTS_ 1913 KINGS GRANT DRIVE, 2753 ROYAL STREET, 2652 BARCLAY STREET LOAN SETTLEMENT STATEMENT BORROWER: Joseph Diggs, Sr. TO: AUGUSTA-RICHMOND COUNTY HOUSING AND COMMUNITY DEVELOPMENT DEPARTMENT HOUSING REHABILITATION PROGRAM PROPERTY: 1913 Kings Street Augusta,GA 30906 DATE: October 17, 2018 TOTAL CONTRACT AMOUNT $$34,365.00 LESS LEAD BASE PAINT GRANT $0.00 LOW INTEREST RATE LOAN (LIRL) TERMS OF LOAN AT 0% FOR0.00 YEARS CONDITIONAL DEFERRED PAYMENT LOAN (CDPL) $ 34,365.00 CONTINGENT CHANGE ORDERS $ TOTAL DISBURSEMENT $ 34,365.00 THIS IS TO CERTIFY THAT THE FOREGOING IS A TRUE AND ACCURATE STATEMENT OF THE MONIES RECEIVED AND DISBURSED IN THIS CLOSING. ATTEST:. AUGUSTA,GEORGIA By: �i.� ui � Date: '' 4}� !e". t Joseph Diggs,Sr. 1 By: / '.G Date: �` 21\ Hardie Davis is Mayor c BY: 24 ' AIL Date: I) 13)I Allen Jac on Its Adminis h.tor '• B ' . _ Date: 19(3) 1a ome We ch- r.,Director Ho o g&Comm y Deve //_l /f pment� Department / Annroved As To Fnrm R.. /J,,Y/IP,/1/�i.L// .._._. i /1 X ATTEST: AUGUSTA,GEORGIA By: 3S G �' sS Date: /7`q� ` � / y�- Joseph Diggs,Si( _ By: &CA- Date: IA l 21 1 Hardie Davis• 1 • L ayor ' (I 131 re By: A t� A� Date: J.fi Allen Jac on. 11, •Adminis .,i r B •1 -.1. / Date: f J3) `(� •Tritome Welch' -- 11 irector I Hou •g&Comm n I-vel p i.ent Department L Approved As To Form By: ✓ 1 Date: l '/1//i Andrew .Mackenzie General Counsel fnAi 11 ff Notary Public,State of Gem-/,a,Coun -1i f Richmond `aP °T.Rt a•,, �.�• , .tee ' ARy:. my Expires May 25,2079 =Q Q� ' "I1 ?" s- Si� •�'v: � pu,a ate. % �i!! C NDiiii.• AUGUSTA-RICHMOND COUNTY, GEORGIA REAL ESTATE NOTE, PROMISSORY NOTE CONDITIONAL DEFERRED PAYMENT LOAN HOUSING REHAB PROGRAM $34,365.00 DATE:10/17/2018 FOR VALUE RECEIVED, I, Joseph Diggs, Sr., promise to pay to the order of the Augusta-Richmond County, Georgia, Department of Housing and Community Development, the principal sum of $34,365.00 NO/100 DOLLARS in legal tender of the United States. The funds assigned to the homeowner will be collected in full at the time of transfer and/or sale of property. Upon death of a homeowner or transfer or sale of property, if the heir is a low income family, monthly payments will be established. In addition, if the heir does not occupy the house, they have the option to rent to a low income family or pay off the loan. Principal only is payable at 925 Laney Walker Blvd., 2nd Floor, Augusta, Georgia 30901 or at such other place as the holder hereof may designate in writing. Should any installment not be paid when due, or should the maker or makers, hereof fail to comply with any of the terms or requirements of a security deed of even date herewith, conveying title to real property located in Augusta, Richmond County, Georgia, as security for this indebtedness, the entire unpaid principal sum evidenced by this note, with all secured interest shall, at the option of the holder and without notice of the undersigned, become due and may be collected forthwith, time being of essence of this contract. It is further agreed that failure of the holder to exercise this right of accelerating the maturity of the debt, or indulgence granted form time to time, shall in no event be considered as a waiver of such right of acceleration or stop the holder from exercising such right. In case this note is collected by law, as through an attorney at law, all costs of collection, including fifteen percentum (15%) of the principal and interest as attorney's fees shall be paid by the maker hereof. And each of us, whether maker, endorser, grantor, or surety, hereby waives and renounces, for himself and family, any and all exemption right either of use or the family of either of us, may have under or by virtue of the Constitution or laws of Georgia or of any other state or the United States as against this debt or any renewal thereof; and each further waives demand, protest and non-payment. In case of default, in the payment of any of the aforementioned installments and in case the holder of this note should elect, on account of such default, to declare the unpaid balance of the principal sum due and payable, said principal sum or so much thereof as may remain unpaid at the time of such default, shall bear interest at the rate of eight percentum per annum from the date of such default. This contract is to be constructed in all respects and enforced according to the laws of the State of Georgia. WITNESS HIS/HER hand(s) and seal(s) , the day and year first above written. ATTEST: AUGUSTA,GEORGIA By: (j°', r ��jcic ..�- Date: /7 d cit- ,?-Zi/q— Joseph Diggs,Sr. By: Date: \'V2.1 \ 1 SC Hardie Davis l Mils Mayor . By: 5jI 4417 Date: l illjie J. � :Allen Jac, on A. ••Adminis 1.to B .,� 11111 Date: 1 (31 1e MI orne Welcher,Jr.,DM Hou '.'g&Community Dev op ent D-). ment Approved As To Form By: / f / Date: 1 1/ / Andrew . ack,I ie /`/ 1 General Counsel 171,d,f,044, 04 Notary Public,State of Geo gia,Co y of Richmond a ..,•...,,,,Fy a,. 11 *commission =K-i S KNRY•%%az E�Ites May 25,2019 . : �Q �� ,U• 0:,} PU" DISCLOSURE NOTICE REQUIRED BY FEDERAL LAW FOR CONDITIONAL DEFERRED PAYMENT LOAN HOUSING REHABILITATION PROGRAM REAL PROPERTY TRANSACTION 1913 Kings Grant Drive Augusta, GA 30906 OTHER THAN PURCHASE LOAN SECURED Project Address BY FIRST LIEN ON A DWELLING Interest Rate N/A THE AMOUNT OF THE CONDITIONAL DEFERRED PAYMENT LOAN $ 34,365.00 CONTINGENT CHANGE ORDERS $ OTHER:* $ TOTAL $ 34,365.00 NET PROCEEDS $ REQUIREMENTS AND STIPULATIONS OF REPAYMENT 1. Household Income - 50% or below HUD's Area Median Income Those individuals and families whose family sizes and total annual income fall *within and/or below "HUD" 50% Area Median Income & Family Size Guidelines" will be exempt from making monthly payments. No payments shall be due from the property owner as long as the property: • Remains his or her legal residence; • The ownership of the property is not altered via sale and/or transfer; and • The property remains as a residential unit. In the event that any of the pre-mentioned conditions occur, the total amount financed will be due and payable. The funds assigned to the homeowner will be collected in full at the time of transfer and/or sale of property. Upon death of a homeowner or transfer or sale of property, if the heir is a low income family, monthly payments will be established. In addition, if the heir does not occupy the house, they have the option to rent to a low income family or pay off the loan. The loan may be declared due and payable in full at any time with reasonable notice to the owner if the lien holder determines that the improvements made under this program are not being properly maintained. This determination will be made initially by an inspection by Housing Rehabilitation Program staff with the final determination of maintenance being made in the discretion of the Housing and Community Development Department of Augusta-Richmond County. SECURITY INTEREST - Augusta-Richmond, Georgia; Housing Rehab Program security interest is a security deed on the property located at 1913 Kings Street Augusta, GA 30906 HAZARD INSURANCE IS A REQUIREMENT OF THIS LOAN AND SHALL BE OBTAINED BY THE BORROWER THROUGH AN AGENCY OF HIS/HER CHOICE. Credit life and/or Disability Insurance is not a requirement. OTHER EXPLANATIONS: This loan is provided to owner(s) who are low and moderate income residents of Augusta-Richmond County, Georgia through its agency, the Housing and Community Development Department. Housing Rehabilitation Program I/WE) hereby acknowledge receipt LOAN SETTLEMENT STATEMENT BORROWER: Margarite J. Turner TO: AUGUSTA-RICHMOND COUNTY HOUSING AND COMMUNITY DEVELOPMENT DEPARTMENT HOUSING REHABILITATION PROGRAM PROPERTY: 2753 Royal Street Augusta, GA 30909 DATE: October 17, 2018 TOTAL CONTRACT AMOUNT $$39,665.00 LESS LEAD BASE PAINT GRANT $0.00 LOW INTEREST RATE LOAN (LIRL) $39,665.00 TERMS OF LOAN AT 0% FOR0.00 YEARS CONDITIONAL DEFERRED PAYMENT LOAN (CDPL) $ CONTINGENT CHANGE ORDERS $ TOTAL DISBURSEMENT $ 39,665.00 THIS IS TO CERTIFY THAT THE FOREGOING IS A TRUE AND ACCURATE STATEMENT OF THE MONIES RECEIVED AND DISBURSED IN THIS CLOSING. ATTEST: AUGUSTA,GEORGIA By: QI �v2 •- Date: ��/�l f p Marjorie J.Turner By: / � i^. Date: 21 Hardie Davis I Sr As Its Mayor By: AI (� r- Date: I f''3//T ce Allen Jackson • is Administ . .r By: ` Date: gI 1.% a��1,I e Welch' r., �' ector Hous i*&Comm h De -lopment Department i Approved As To Form By: / Date: I I / C An ew G.Mackent DISCLOSURE NOTICE REQUIRED BY FEDERAL LAW FOR CONDITIONAL DEFERRED PAYMENT LOAN HOUSING REHABILITATION PROGRAM REAL PROPERTY TRANSACTION 2753 Royal Street Augusta, GA 30904 OTHER THAN PURCHASE LOAN SECURED Project Address BY FIRST LIEN ON A DWELLING Interest Rate N/A THE AMOUNT OF THE CONDITIONAL DEFERRED PAYMENT LOAN $$39,665.00 CONTINGENT CHANGE ORDERS $ OTHER:* $ TOTAL $$39,665.00 NET PROCEEDS $ REQUIREMENTS AND STIPULATIONS OF REPAYMENT 1. Household Income - 50$ or below HUD's Area Median Income Those individuals and families whose family sizes and total annual income fall within and/or below "HUD" - 50t Area Median Income & Family Size Guidelines" will be exempt from making monthly payments. No payments shall be due from the property owner as long as the property: • Remains his or her legal residence; ■ The ownership of the property is not altered via sale and/or transfer; and • The property remains as a residential unit. In the event that any of the pre-mentioned conditions occur, the total amount financed will be due and payable. The funds assigned to the homeowner will be collected in full at the time of transfer and/or sale of property. Upon death of a homeowner or transfer or sale of property, if the heir is a low income family, monthly payments will be established. In addition, if the heir does not occupy the house, they have the option to rent to a low income family or pay off the loan. The loan may be declared due and payable in full at any time with reasonable notice to the owner if the lien holder determines that the improvements made under this program are not being properly maintained. This determination will be made initially by an inspection by Housing Rehabilitation Program staff with the final determination of maintenance being made in the discretion of the Housing and Community Development Department of Augusta-Richmond County. SECURITY INTEREST - Augusta-Richmond, Georgia; Housing Rehab Program security interest is a security deed on the property located at HAZARD INSURANCE IS A REQUIREMENT OF THIS LOAN AND SHALL BE OBTAINED BY THE BORROWER THROUGH AN AGENCY OF HIS/HER CHOICE. Credit life and/or Disability Insurance is not a requirement. OTHER EXPLANATIONS: This loan is provided to owner(s) who are low and moderate income residents of Augusta-Richmond County, Georgia through its agency, the Housing and Community Development Department. Housing Rehabilitation Program I/WE) hereby acknowledge receipt ATTEST: / AUGUSTA,GEORGIA By VII f-f•.--/ l ii7i/ ' Date: I6 `i Marjo ie J Turner By: 1-‘66.•c&-r Date: I2. ) Hardie Davis ' is Mayor / By: ��� r i' +Ar Date: I ( [ (4( ) B : `y J,,,i • Allen <Cktor • �. •A.li'a s .tor B.• ►1�_ _ Date: (" 31 I HMI Welch- Jr., 9. ector Housing&Comm • • De elop ent D-•artment Approved As To Form By: A• , ' Date: if Andrew .M.. e8 J General Counsel (loult, 11 '114 / q Notary Public,S . e of Geor!f County of Richmond 4.1.,:;4i�°'� - ` � i, My Commission Expires May 25,2019 s +O rJ. s z , AUGUSTA-RICHMOND COUNTY, GEORGIA REAL ESTATE NOTE, PROMISSORY NOTE CONDITIONAL DEFERRED PAYMENT LOAN HOUSING REHAB PROGRAM $39,665.00 DATE:10/17/2018 FOR VALUE RECEIVED, I, Margarite J. Turner, promise to pay to the order of the Augusta-Richmond County, Georgia, Department of Housing and Community Development, the principal sum of $39,665.00 NO/100************************* DOLLARS in legal tender of the United States. The funds assigned to the homeowner will be collected in full at the time of transfer and/or sale of property. Upon death of a homeowner or transfer or sale of property, if the heir is a low income family, monthly payments will be established. In addition, if the heir does not occupy the house, they have the option to rent to a low income family or pay off the loan. Principal only is payable at 925 Laney Walker Blvd., 2nd Floor, Augusta, Georgia 30901 or at such other place as the holder hereof may designate in writing. Should any installment not be paid;when due, or should the maker or makers, hereof fail to comply with any of the terms or requirements of a security deed of even date herewith, conveying title to real property located in Augusta, Richmond County, Georgia, as security for this indebtedness, the entire unpaid principal sum evidenced by this note, with all secured interest shall, at the option of the holder and without notice of the undersigned, become due and may be collected forthwith, time being of essence of this contract. It is further agreed that failure of the holder to exercise this right of accelerating the maturity of the debt, or indulgence granted form time to time, shall in no event be considered as a waiver of such right of acceleration or stop the holder from exercising such right. In case this note is collected by law, as through an attorney at law, all costs of collection, including fifteen percentum (15%) of the principal and interest as attorney's fees shall be paid by the maker hereof. And each of us, whether maker, endorser, grantor, or surety, hereby waives and renounces, for himself and family, any and all exemption right either of use or the family of either of us, may have under or by virtue of the Constitution or laws of Georgia or of any other state or the United States as against this debt or any renewal thereof; and each further waives demand, protest and non-payment. In case of default, in the payment of any of the aforementioned installments and in case the holder of this note should elect, on account of such default, to declare the unpaid balance of the principal sum due and payable, said principal sum or so much thereof as may remain unpaid at the time of such default, shall bear interest at the rate of eight percentum per annum from the date of such default. This contract is to be constructed in all respects and enforced according to the laws of the State of Georgia. WITNESS HIS/HER hand(s) and seal(s) , the day and year first above written. ArlhST: / AUGUSTA,GEORGIA By r ..a si. '' `all-41' Date: ./ u l Marjorie J.Turner 0p By: Il i Date: 21 1 W Hardie i avis `, As Its Mayor I By: A G- 114 k IADate: 13l ty Js e Allen Jacks•n i :6's Administra%r l l B . _ 'IPA Date: 1012,11k% "aTk orne Welcher 7 r.,D ector Ni Hous %g&Communi Nr evelopme t Department Approved As To Form By: K97, Date: 1 1/%01 An ew G. ackenzie General Counsel Notary Public,State of G1gia, ty of Richmond /ProQ,+' ...A 1 *Commission Expires May 25,2019 I PU CV ".,' OND���,,,.. LOAN SETTLEMENT STATEMENT BORROWER: Davetta Watts TO: AUGUSTA-RICHMOND COUNTY HOUSING AND COMMUNITY DEVELOPMENT DEPARTMENT HOUSING REHABILITATION PROGRAM PROPERTY: 2652 Barclay Street Hephzibah,GA 30815 DATE: October 17, 2018 TOTAL CONTRACT AMOUNT $$34,870.00 LESS LEAD BASE PAINT GRANT 0.00 LOW INTEREST RATE LOAN (LIRL) TERMS OF LOAN AT 0°s FOR0.00 YEARS CONDITIONAL DEFERRED PAYMENT LOAN (CDPL) $ 34,870.00 CONTINGENT CHANGE ORDERS $ TOTAL DISBURSEMENT $ 34,870.00 THIS IS TO CERTIFY THAT THE FOREGOING IS A TRUE AND ACCURATE STATEMENT OF THE MONIES RECEIVED AND DISBURSED IN THIS CLOSING. ATTEST: AUGUSTA,GEORGIA ByF Date: IL)— / 7— JE Davetta Watts By: Fi ®® �� `a"ttc.o' Date: II 21 a Hardie Davis l As is ayor By: ,�; 1, al Date: "I 3(I JV- Allen Jackson ! .Administ . or B • _kAll � Date: I 431 ) Haeme Welch77,—;,'s rector Hous g&Comm 't De elopment Department l l Approved As To Form By:/ ahz Date: 'i j6j//� drew G.M ek _ ie 111 MIL _ ATTEST: AUGUSTA,GEORGIA ES By: `-'�I u3ali3 Date: / C) - 17- 1 DavettataWatts By: / C� ° Date: 1121 1 Tf Hardie Davis l • Its Mayor 3By: i, (r �1 ) ( -f- Date: fi/12'/t ••, e Allen Jacks on i is Adminis r By. �� Date: 13) a .. •e Welch- r., :'ector [ l Hous-s &Comm •'y Dev.lopment Department Approved As To Form By: A IEteDate: General Counsel ic -4.0"t*cr4 7..., Notary Public,State of Georgi Coun of Richmond 41.4, My Canmission Expires May 25,2019 „z 4 ' •._•-• r) i t P as v�` iii,lea ONO�G DISCLOSURE NOTICE REQUIRED BY FEDERAL LAW FOR CONDITIONAL DEFERRED PAYMENT LOAN HOUSING REHABILITATION PROGRAM REAL PROPERTY TRANSACTION 2652 Barclay Street Hephzibah, GA 30815 OTHER THAN PURCHASE LOAN SECURED Project Address BY FIRST LIEN ON A DWELLING Interest Rate N/A THE AMOUNT OF THE CONDITIONAL DEFERRED PAYMENT LOAN $$34,870.00 CONTINGENT CHANGE ORDERS $ OTHER:* $ TOTAL $$34,870.00 NET PROCEEDS $ REQUIREMENTS AND STIPULATIONS OF REPAYMENT 1. Household Income - 50% or below HUD's Area Median Income Those individuals and families whose family sizes and total annual income fall within and/or below "HUD" - 50% Area Median Income & Family Size Guidelines" will be exempt from making monthly payments. No payments shall be due from the property owner as long as the property: ■ Remains his or her legal residence; ■ The ownership of the property is not altered via sale and/or transfer; and ■ The property remains as a residential unit. In the event that any of the pre-mentioned conditions occur, the total amount financed will be due and payable. The funds assigned to the homeowner will be collected in full at the time of transfer and/or sale of property. Upon death of a homeowner or transfer or sale of property, if the heir is a low income family, monthly payments will be established. In addition, if the heir does not occupy the house, they have the option to rent to a low income family or pay off the loan. The loan may be declared due and payable in full at any time with reasonable notice to the owner if the lien holder determines that the improvements made under this program are not being properly maintained. This determination will be made initially by an inspection by Housing Rehabilitation Program staff with the final determination of maintenance being made in the discretion of the Housing and Community Development Department of Augusta-Richmond County. SECURITY INTEREST - Augusta-Richmond, Georgia; Housing Rehab Program security interest is a security deed on the property located at 2652 Barclay Street Hephzibah, GA 30815 HAZARD INSURANCE IS A REQUIREMENT OF THIS LOAN AND SHALL BE OBTAINED BY THE BORROWER THROUGH AN AGENCY OF HIS/HER CHOICE. Credit life and/or Disability Insurance is not a requirement. OTHER EXPLANATIONS: This loan is provided to owner(s) who are low and moderate income residents of Augusta-Richmond County, Georgia through its agency, the Housing and Community Development Department. Housing Rehabilitation Program I/WE) hereby acknowledge receipt ATTESTyT::�, � � -,QQ�--�� AUGUSTA,GEORGIA -7 BY:C'�-��1.,(11 .�. Lt ,:6 Date: lb 17 _ 1 8 Davetta Watts By: G Date: I\ 1 2,1 15 Hardie Davis I l As ayor / I � ,� i By: 'AlIt f Date: i ( 131 Y J. :Allen Ja'y. on / Adminis r for II By: _ �ss. Date: (0(3) l`$ orne Welc, , r., : ector Ho Irg&Comm 'ty Dev.opment Dep0 men Approved As To Form By: Ar )3t4" .jf Date: i q Andrew G.Mackenzi General Counsel 0sHS ,•`'M ,cTAPk •,, Notary Public,State of Ge gia,Co ty of Richmond /It =��AR), a'- .r C,! ' Bey Commission Expires May 25,2019 ss ' POP" 7.044.: AUGUSTA-RICHMOND COUNTY, GEORGIA REAL ESTATE NOTE, PROMISSORY NOTE CONDITIONAL DEFERRED PAYMENT LOAN HOUSING REHAB PROGRAM $34,870.00 DATE:10/17/2018 12:00:00 AM FOR VALUE RECEIVED,I,Davetta Watts , promise to pay to the order of the Augusta-Richmond County, Georgia, Department of Housing and Community Development, the principal sum of $34,870.00 NO/100 DOLLARS in legal tender of the United States. The funds assigned to the homeowner will be collected in full at the time of transfer and/or sale of property. Upon death of a homeowner or transfer or sale of property, if the heir is a low income family, monthly payments will be established. In addition, if the heir does not occupy the house, they have the option to rent to a low income family or pay off the loan. Principal only is payable at 925 Laney Walker Blvd., 2nd Floor, Augusta, Georgia 30901 or at such other place as the holder hereof may designate in writing. Should any installment not be paid when due, or should the maker or makers, hereof fail to comply with any of the terms or requirements of a security deed of even date herewith, conveying title to real property located in Augusta, Richmond County, Georgia, as security for this indebtedness, the entire unpaid principal sum evidenced by this note, with all secured interest shall, at the option of the holder and without notice of the undersigned, become due and may be collected forthwith, time being of essence of this contract. It is further agreed that failure of the holder to exercise this right of accelerating the maturity of the debt, or indulgence granted form time to time, shall in no event be considered as a waiver of such right of acceleration or stop the holder from exercising such right. In case this note is collected by law, as through an attorney at law, all costs of collection, including fifteen percentum (15%) of the principal and interest as attorney's fees shall be paid by the maker hereof. And each of us, whether maker, endorser, grantor, or surety, hereby waives and renounces, for himself and family, any and all exemption right either of use or the family of either of us, may have under or by virtue of the Constitution or laws of Georgia or of any other state or the United States as against this debt or any renewal thereof; and each further waives demand, protest and non-payment. In case of default, in the payment of any of the aforementioned installments and in case the holder of this note should elect, on account of such default, to declare the unpaid balance of the principal sum due and payable, said principal sum or so much thereof as may remain unpaid at the time of such default, shall bear interest at the rate of eight percentum per annum from the date of such default. This contract is to be constructed in all respects and enforced according to the laws of the State of Georgia. WITNESS HIS/HER hand(s) and seal(s) , the day and year first above written.