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4851 -5195- 0115.1 such three -year period, the Owner shall not evict or terminate the tenancy of any existing tenant of any low- income unit other than for good cause and shall not increase the gross rent above the maximum allowed under Code Section 42 with respect to such low - income unit. Section 2. Remedies; Enforceability. In the event of a violation or attempted violation of any of the provisions hereof, any one or more of the following may institute and prosecute any proceeding at law or in equity to abate, prevent or enjoin any such violation or attempted violation, or to recover monetary damages caused by such violation or attempted violation: the Authority or any governmental entity succeeding to the Authority's functions or any individual who meets the income limitation applicable under Section 42 of the Code. The provisions hereof are imposed upon and made applicable to the Project and shall run with the land and shall be enforceable against the Owner and each purchaser, grantee, owner or lessee of the Project or any portion thereof of interest therein, at any time and from time to time, and the respective heirs, legal representatives, successors and assigns of the Owner and each such purchaser, grantee, owner or lessee. No delay in enforcing the provisions hereof as to any breach or violation shall impair, damage or waive the right of any party entitled to enforce the same or obtain relief against or recover for the continuation or repetition of such breach or violation or any similar breach or violation thereof at any later time or times. Section 3. Notices. All notices to be given pursuant to this Addendum shall be in writing and shall be deemed given when mailed by certified or registered mail, return receipt requested, to the parties hereto at the addresses set forth below or to such other place as a party may from time to time designate in writing: Owner: Southwood Apartments, Inc. 404 Woodland Drive Grand Island, NE 68801 Authority: Nebraska Investment Finance Authority Suite 200 1230 0 Street Lincoln, NE 68508 Attention: Executive Director Section 4. Governing Law. This Addendum shall be governed by the laws of the State of Nebraska. Section 5. Counterparts. This Addendum may be signed in any number of counterparts with the same effect as if the signatures thereto and hereto were upon the same instrument. Section 6. Recording. Upon execution and delivery by the parties hereto, the Owner shall cause this Addendum and all amendments and supplements hereto to be 2 201503920