Laserfiche WebLink
<br />Exhibit A Page 4 <br />DOCSOPEN\MU205\13\867249.v2-4/5/23 <br />a third-party contractor for marketing support. Borrowers will pay all mortgage filing fees and related <br />closing costs. <br /> <br />Total Project Cost: It is the borrower’s responsibility to obtain the amount of funds necessary to finance <br />the entire cost of the work. In the event the final cost exceeds the original loan amount, the borrower <br />must obtain the additional funds and show verification of the additional funds in order to be approved <br />for the loan. <br /> <br />Disbursement Process: Payment to the contractor (or owner in sweat equity situations) will be made <br />upon completion of work. An inspection will be performed by a City Inspector and/or the City’s <br />authorized representative to verify the completion of the work. The following items must be received <br />prior to final disbursement of funds: <br />• Final invoice or proposal from contractor (or materials list from supplier); <br />• Final inspection verification by a City Inspector or the City’s authorized representative; <br />• Completion certificate(s) signed by borrower and contractor; <br />• Lien waiver for entire cost of work; and <br />• Evidence of City permit (if required). <br /> <br />