Default under VHDA Deed of Trust. 1. The County Board shall have the right to cure any Borrower default under the VHDA Deed of Trust. The County Board shall have ninety (90) days (from the date the County Board or its designee informs VHDA that it will place on its meeting agenda a proposal to cure the Borrower default(s) under the VHDA Deed of Trust) to actually cure the event of default detailed in the written notice of default, and VHDA shall accept any such cure by the County Board as though such cure had been performed by Borrower. Nothing herein shall limit the right of VHDA to incur any cost, pay any price, or otherwise cure any default under the VHDA Deed of Trust, and to add such costs and payments to the Borrower’s indebtedness fully secured by the VHDA Deed of Trust.
Default under VHDA Deed of Trust. 1. The County Board will have the right to cure any Borrower default under the VHDA Deed of Trust. The County Board shall have ninety (90) days (from the date the County Board or is designee informs VHDA that it will place on its meeting agenda a proposal to cure the Leasehold Borrower default(s) under the VHDA Deed of Trust) to actually cure the event of default detailed in the written notice of default, and VHDA shall accept any such cure by the County Board as though such cure had been performed by Leasehold Borrower. Nothing herein shall limit the right of VHDA to incur any cost, pay any price, or otherwise cure any default under the VHDA Deed of Trust, and to add such costs and payments to the Leasehold Borrower’s indebtedness fully secured by the VHDA Deed of Trust.
