Michigan State Housing Development Authority NSP2 MULTIFAMLY GUARANTYNsp2 Multifamly • October 8th, 2020 • Michigan
THIS NSP2 GUARANTY ("Guaranty") is made as of the ____ day of _______________, 20__ [INSERT DATE], by _______________________________________________________ , a ______________________________________________________, whose address is ___________________________________________________________________ and __________________________________________________ , a ____________________________, whose address is ______________________________________________ [TYPICALLY, THESE WOULD BE THE DEVELOPER AND THE GPs OR MANAGER ENTITY] (collectively referred to as, "Guarantors"), to and for the benefit of _____________________________ [INSERT NAME OF DEVELOPMENT] (the "Development"), _________________________________________________, a _________________________________________________________________ [INSERT NAME OF CONSORTIUM MEMBER] (the "Mortgagee"), whose address is __________________________________________________________________, and the MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY, a public
