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<br /> - •�` � d[. 3`he fir�sC aeateac� o� p�xag�aph �(b3 of the � -- ------
<br /> 4� ' 3 r���v RegulatQrY Agreem�ra� is deleted. � ' , . ' � _ >>_._ ..
<br /> -�•,�; ; F� , � • --
<br /> " '�' � �" '��� B. ���.13�y i�a�e�ts: IItl2ity a�lav�aaces must be inciuded • W __-
<br /> ` > . . �. in the Tctal Tenaat `Payc�eexa�s �tabliahedl in Earag�aphe 5 aaa 6 of . c-.'=--=__-��
<br /> •�.,4.. �'. . �` . x . , ° --—
<br /> � -. . _ 'thia Agree�ent. , � , -���:�y�-fi w—-=—
<br /> .n. , . , . F-cs--� ---� .
<br /> - �- -_- . . - �. - . . � � � -__ `°.---`--
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<br /> _-;. , . . , • f..' �
<br />`�"' `�' � .::�;�,; . - 9. 8ecti� 8 �s3s�nee. TI�e�=6waer agrees to accept . --
<br />::°r:�,:
<br /> �� : .` � aes�.ptance under a HAP Caatract executed gureuant to 3ectien � o� --- ------
<br />`�`_` ` ' , � ;� � the IIuited States Housiag Act of 1937 afth reapect to 56 units i.ai `
<br /> � .�. � .
<br />:��:':::x-',.`''` 'r-:�:� the project. The O�asr agseee to accept and ut3li�e sueh ' ' -__
<br />:�-+�, �,:_ :: = , aesietaaice in accordaac� v�1.th �he �P Contract, a� ��rees to =
<br />,�� � � � accept any renevaa7. or e..�tenaion of the gAP Contract or any , —
<br />:�'.�'. . � contract wnder a prcgrarn deaignated by tl�a 3ecretary ae �.
<br />°�� " � . . sucaes�sor to the 3ectioa � Prograra.• To the extent authorized by . , �
<br /> _ �a� and to the extent t�.a� appr�pri�.ted funds are availab.le, t� • ; . ___
<br />��;;�'.�,�___�;-�.�: Secretary .agrees t� pr�as3e Sectfon 8 aesfetance �n.znder Section 8 � -�-
<br /> ;, � �� ��� �+.; : ox aay� eucceesor p�acssaux.c�ri.tla respect to 56 units in th� Project. �--_
<br /> � .. � • � �� 2� aesietauce� unde� �sc::toa 8 or any successor prcgraffi ��ases to ---=_��-
<br /> ' � ' �• be available durf�g �e,.terni of thie Agreement, ��ia Agieeinent �"'-��
<br /> - �.`�»�•:-,�- �. : � � wiil bs renegotiar�ed by tlie parties in accorda�� ��ith Section . , �:���
<br /> .. a:��::x,�,..,,
<br /> � • - _ ' 224(b) Of LIHPRHA. J —-
<br /> � , . � � . . , �=-.a"��--=-
<br /> . ' . , • . � � . :. --
<br /> ., . . .. . .. � 10. DiBtxffi��ion� aaa8 Am�ont of 8egula��y 8gseemeat. , '�`;:`�_:
<br /> ,,.,,
<br /> . . �agraphs 6(e) ti�� and (2) of the Regulatory Agr�nent are . .Hy %�`
<br /> ,.,.
<br /> � . � . amended to read as folla�va: `Y��;.`:.
<br /> . ;, . -:,;::;
<br /> • " ,-�r..��`_:j�.
<br /> . .. . _ � �i) F�8 dietributione ahall be made only ae of or ,�,;,��.
<br /> • � after the en8 of a eemianaual or annual fiecal• �f� .
<br /> .�.
<br /> , , . � period, or as indicated in garagraph 6(e) (2) of ��'"'�
<br /> � �� �� � thia Agreemeat, and only as permitted by the law �_����:
<br />= � . • of the applic�ble jurisdictson; all such . ��>=��-��
<br /> � �,
<br /> � � diatributiona in aay c.�z fiacal year ehall be ,�,� �``
<br /> �r � `�.'���� limited to $ 62,432.6� aad the r3ght to auch � � ���' �
<br /> - -. `�t�;�a, . . ' . �
<br /> , ;� distributfona sha].1 be cumulative. All or a ,.� "�;m
<br /> :, •. �;;;;..;;,;��' � po�tiqn of the semiannual or annual dietributioa . .��'� ---
<br /> ; ,, ,, �,�;�:...r:��►_
<br /> .�.�},, ,, may Io� :�applied.to monthly debt aervice paymente � ,�,:�;� �,�
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<br /> �•.� � � � for � equity takeout loan approved by the :<�; ���.��,`'��
<br />����.�. "' � .. . Seeretary. E3ccept with respect ta the proceeda .of . � � .����tf�'_
<br /> a AUD-approved equity takeo�xt Taan, no . � '��
<br /> ' • . � � dietribution shall be �de �ram borrowed funcia or • . . :. : : ,._
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