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201401198
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Last modified
7/20/2017 10:24:16 AM
Creation date
3/3/2014 11:53:02 AM
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DEEDS
Inst Number
201401198
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��14�1195 <br /> agr��ments and to enj�in any acts �hich violate such <br /> covenants and agr��m�nts . HUD andlor an� tenant as a <br /> third-party beneficiary may alsa see k an award of <br /> damages and/ar other relief as may be appropriate. <br /> 4 . �wner �hall not imp�de the r�asonabl� �fforts of tenants <br /> to organi�� pursuant to 24 CFR Part �45, or any <br /> successor r�gulatinns of Part 245, or unreasonabl� <br /> �ithhold the use of any cammunity room or other <br /> available spac� appropria�� for meetings �hich is part <br /> of the mortgaged property when requested by: �i} a <br /> resident t�nant arganization in conn�ction with the <br /> r�presentational purposes of the organization; ar �ii} <br /> t�nants se�king to organize or to consider collectiv�ly <br /> any matter p�rtaining to the operation of the martgaged <br /> prnperty. <br /> 5 . �]hen the 2�� Dir�ct Loan proj��t initially <br /> refinances the ��2 Dir�ct Loan, the ��ner, for its�lf, <br /> its successors and assigns, her��y agrees and <br /> acknawl�dges that this Use Agreement shall be recorded <br /> in the appropriat� land re�ords. <br /> �Subsequent refinan�ings af th� �0� Proj e�t do not <br /> require a re-recording af this Use Agreement . ] <br /> 5. Consist�nt �ith th� tenancy eligibility <br /> requirem�nts, if any, of the original Sectian ��2 Direct <br /> Laan agr�ement, ��n�r �rill acc�pt all farms of HUD <br /> rental assistance when offered for units that do not <br /> have section 8 or any other HUD rental assistance for <br /> the life of the Us� Agreem�nt . <br /> 7 . Upon ex��ution af th� refinancing for the proj�ct, as <br /> approved by HUD, ��aner must use the proceeds that result <br /> from the refinancing in a manner that is advantageous to <br /> th� tenants af the project . �r, �wner must us� th� <br /> proc�eds in �th� provision of affordable rental housing <br /> and related social services of eld�rly persons that ar� <br /> tenants of th� �araj�ct or ar� t�nants of other HUD <br /> assist�d senior housing by the nonprofit owz�er, private <br /> nonpraf it proj e�t sponsar or privat� nonprof it <br /> organization proj�ct develop�r. The fallo�ing ar� <br /> �xamples of allo�rable uses of the pro�eeds pursuant to <br /> AHE�: <br /> �a} for up to 15 percent of the �ost of increasing the <br /> availability or provision of supportiv� serviGes, <br />
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