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201302388
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Last modified
8/19/2014 2:22:39 PM
Creation date
3/27/2013 3:23:15 PM
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DEEDS
Inst Number
201302388
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201302388 <br />request of the Owner made on or after the Expiration Date, the Secretary shall execute a recordable <br />instrument approved by the Secretary for purposes of releasing this Agreement of record. All costs <br />and expenses relating to the preparation and recording of such release shall be paid by the Owner. <br />14. SUPERIORITY. The parties hereto understand and agree that, notwithstanding any <br />provisions contained in this Agreement, or any other instrument or agreement affecting the Property, <br />the restrictions and covenants hereunder are not intended by the parties hereto to either create a lien <br />upon the Property, or grant any right of foreclosure, under the laws of the jurisdiction where the <br />project is located, to any party hereto or third party beneficiary hereof upon a default of any provision <br />herein, rather they are intended by the parties hereto to constitute a restrictive covenant that is filed <br />of record prior in time to any instrument or agreement granting a security interest in the Project, and <br />that, notwithstanding a foreclosure or transfer of title pursuant to any other instrument or agreement, <br />the restrictive covenants and provisions hereunder shall remain in full force and effect. <br />15. THIRD -PARTY ENFORCEMENT. In the event of a breach or threatened breach of any <br />of the provisions of this Agreement in any material respect, and after giving notice and a reasonable <br />opportunity to cure, the following individuals and groups may institute proper legal action to enforce <br />performance of this Agreement, to enjoin any conduct in violation of this Agreement, to recover <br />damages (including refunds, with interest, on rent overcharges) and reasonable attorneys' fees and/or <br />to obtain whatever other relief may be appropriate: a tenant of the property that is the subject of this <br />Agreement, and any organization representing these tenants, or an applicant for occupancy, class of <br />such eligible tenants and/or applicants, organizations representing project tenants, the Affected Unit <br />of Local Government, the Participating Administrative Entity that was responsible for restructuring <br />the property pursuant to the Multifamily Assisted Housing Reform and Affordability Act of 1997 <br />(MAHRA), and/or the Secretary, or his or her successors or assigns, may institute proper legal action <br />to enforce performance of such provisions, to enjoin any conduct in violation of such provisions, to <br />recover damages (including refunds, with interest, on rent overcharges) and reasonable attorneys' <br />fees and/or to obtain whatever other relief may be appropriate. <br />16. SUBSEQUENT MODIFICATIONS AND STATUTORYAMENDMENTS. The Secretary may <br />implement modifications necessitated by any subsequent statutory amendment without the consent <br />of any other party, including those having the right of enforcement. The Secretary or his or her <br />successors or assigns may also modify this Agreement, without consent of any other party, including <br />those having the right of enforcement, to require that any third party obtain prior HUD approval for <br />any enforcement action concerning preexisting or future violations of the Use Agreement. <br />17. OTHER AGREEMENTS. The Owner represents and warrants that it has not and will <br />not execute any other agreements with provisions contradictory or in opposition to the provisions <br />of this Agreement and that, in any event, the provisions of this Agreement are paramount and <br />controlling as to the rights and obligations set forth herein and supersede any other conflicting <br />requirements. <br />WQMUseAgrrtRevised for Green tiitiative (October 2011) <br />6 FRENCH VLLAGE <br />
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