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<br /> ' � - to comply with the monitoring aad notification responsibilitiea set forth in
<br />- � Secdon 42(m)(1)(B)(iii)of the Code and any Reguladons or other interpretadons thereof by the
<br /> � IRS or the courte.
<br /> '� ' _
<br /> � �ec�iou 7. �ovenan4s II��n �'Yi4b the Y.a��9. The Owner hereby declares its cxpress :
<br /> . �"'�-�'�"� intent that the covenants� restrictions. charges and easeanents set forth herein shall be deemed
<br /> ,,,;�a� covenants running with We land and shall pass to and be binding upon the Owaer's successors in
<br /> `=rr*��� title including any purchaser,grantee,owner or lessee of aay portion of the Project and any other
<br /> ' person or endty having any right,title or interest therein and upon the respective heirs,executora, -
<br /> . � � administrators, devisees, successors and assigns of any purchaser, grantee, owner or tessee of -
<br /> , .. , any portion of the Project and ax►y other person or entity having any right,title or interest therein.
<br />- x; Each and every contract,deed or other instnunent hereaRer executed covering or conveying the
<br /> � �' Project or any portion thereof or interest therein shall contaia an e�ress proviston making such
<br /> ;��� conveyance subject to the covenants, restricrions. charges and e�sements contained herein;
<br /> •�x�� provided,however,that any such contract,deed or other inst�vment shall conclusively be held W
<br /> � have been executed,delivcred aind accepted subject to such covenants,regardless of whether or
<br /> ; . not such covenants are set forth or incorporated by reference in such contract,deed or other
<br /> � inshument. At the time of executing this Agreement,the Owaer shall pay to the Authority all
<br /> _ ,,..,;'� ` direct costs incurred or to be incurred by the Authority in cauaing this Ag�ment to be duly
<br /> recorded(or the terms hereof to be incorporated into a deed w be duly reco�ded)in the office of
<br />='"�'.�""��� '`�y � . public recorda in the County w4nere the Project is locaLed as an encumbram�ce upon the Project
<br />_;: � : Site and E�a�Aut�or��+�g+ees to deliver to the Owaer a copy of the ft�lly recorded documen�
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<br />_.�,; r� .... Se��lon�. �lmiformfty;Comffion Plan. The provisioais hereof shaU apply tuufornaly to
<br /> -��'-�� �'`� the entire Project to establish and carry out a cominon plan:for the use, development, and
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<br /> ����'� �t�-�' improvement ofthe Project Site.
<br />�.x, .
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<br />"=�';�r:�,,a� Sectioa 9. Remedfes;EnforeeabiUty. In the event of a violation or attempied viol�tioa
<br /> ��n��� ��' of any of the proviaions herea�any one or more of the following may institute and prosecute any
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<br /> - ._.��.:� procee�i�n�; at law or in equity'to abate, prevent or e�ijain any such violation or auempted
<br />=�;�����;,, � violation;mr to recover moneXa�y damages caused by su�h,violation or attemap3�i violation: the
<br />�;;�;."::;}"�y� Autharity or any governmental entity succeeding to th�Authoriry's fiuictions ar any individual
<br />�'`' -_--- = who meets the income limitation applicable under Section 42 of the Code(whether prosper�tive,
<br />�iy_:.W��..
<br />_�_;>;;a: present or€ormer occupant). Tlt�provisions hereof are Imposed�pon and made a�pplicable to ffie
<br /> ==�'- Project and shaU run with th� laad and shall be enforceable against the Uwner and each -
<br />�.:°:��.�.� purchager,gcentee,owner or lessee of the Proje�t or any portion thereof or interest therein,at any
<br /> - --�-.�::�—� time and f�m time to time.and the respective heirs.legal representatives.succsssors and assigas
<br />--- _ = of t&e Owner aad each such purchaser, grantee. ownar or lessee. No delay in enforcing the
<br /> -��"��"�'.� provisionS heteof as w any bre�ch or violation sball funpair, damage or waive the right of any
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<br />_ _::;� parly en��fied to enforce the same or obtain relief against or recover for the continuation or
<br />��.� repetition of such breach or violation of any suailar breach or violation thereof at any later time
<br /> -==�r��.�= or times. In addition,if any violation of this Agreement has not been comected on a timely basis.
<br /> --=,�.�.;;;�:' the Auttiarity may impose quarterlY�PoT�S�I��ilities pertaining w such matters as the
<br />—_,--°. °,:�,� Authority �eems t�easonable upon tiie Owner. Failure by an Owner to compiy with any such
<br /> �L�•,:
<br /> '-`� repo�ting responsibilities shall constitute a violation of this Ag�+eemen�
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