§ 2-2089. Mortgagees.

A provision in any agreement between a mortgagee or other lien holder and an Eligible Participant, or otherwise now or hereafter binding upon the Property or the Eligible Participant, which allows for acceleration of payment of the mortgage, note, or lien or other unilateral modification solely as a result of entering into a Agreement as provided for in the Energy Savings Program regarding the collection of non-ad valorem assessments is not enforceable. This subsection does not limit the authority of the holder or loan servicer to increase the required monthly escrow by an amount necessary to annually pay the Qualifying Improvement non-ad valorem special assessment.

(Ord. No. 10-78, § 1(K), 11-4-10)