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<br /> boln�; cortducted (u�tt� tte Co�t���u��lnt�d by titis A�ae�oni) hnd (;ii) i�t�s iyo uo{ tc�;�i p
<br /> eight, �zor�cr:�nd m�th�urlty tt► oxct:uto and�+oUv�r t�iis��m,�m�ni nnd ta porfarm nll tlto -
<br /> undcrtakDngs vf tho Ownor i�ercundor, �
<br /> (U) The axeGUtion and pot•formanc+�nf Uil9 A�rv�ment Gy th� Ownor (i) will _
<br /> not vlolata or� it9 i1��I�G't�I�, hnvc�nut violt�t�cl ci�y pravision of lnw� rulc or n:gulntion� _
<br /> ar nny orcior of Any court or othor a�cncy or gc�vomnu;ntal lwdy,(ii)wilt not vinlato or, _
<br /> ns apFllcable, hnve r�oi vialatul :�ny provi9ion of�uiy Inde�tu►�a, as�cment� mor�gago, °.
<br /> �iio�t�n�;e nat�a�oYhar instrumcr�t to whtch tiie O�vner is ��3rty or by which it or ita �
<br /> pra��eriy is bc�und anci(iii) wiU�tai r�sult in e1�o ere.�tlon ar impositton of uny pmhlbiteci
<br /> licn, chae�a ur encu�nbrnnco of�ny �ntu�:.
<br /> (c) Tito Ownor w�ll,at ti��tiuio of oxccution and daNvcry af this Agn:cment�
<br /> havo goal nnd maricetablo tltXo to tl�e premisos constituti��g tlie Pca,�cct fma wnd cicar of
<br /> Any pslnr lien oe cncumbranco,
<br /> (d) There ia no uction, suit�c���roc�ig at !aw or in equity ar by or tx�fore
<br /> nny govornmantal instn�ntentaUty ar u:t@�e��,i;ency now pancllng or. to the knawledg�of
<br /> tito Owner, tht�eaton�d against ar affe,ct�� ic, �r any �f it�pro�ert�as or rights� ahich,
<br /> [f advc;rse�ly cict�rni#ned, wauld matprtally vn�:iir iia right ta c�rry on bUBlilfl.49
<br /> � substnnilally as naw c�nductod (i�nd ns cont�mplat«I by this �,gnecm�nt) or would
<br /> . mat�rlally advcrsely affoct its fi�nanclul canditi�n.
<br /> � Section 3. Res�'d�ut�tal RentaJ Pmftct. 'I'�o Owner hereby agrcew that tho Pmject is to
<br /> txs developed� awneel, managed a�ul aporated for ths Quali£ed F�+oject Pedod us "resiclentlal
<br /> .. . _._
<br /> �n� pm�!+!ty," as st�cn, pn�se ia useti in 5ecuan�i�a`� oi iao i:oaa, cm a �ananuaua aAS,s
<br /> d�ucin� tho Qualified Y�%�cct Foriai. To thnt end, tha Owner itereby repro.sents, cavenants�
<br /> warranta an�:i agreoa as foltows;
<br /> (a) ttao estimateci cost (or finul cost. 3f nppXic�ahlo) af the► acguisition� .
<br /> constniction and rehHbilitatlan af the Project wlll bfl egu�l ta cT in uxce�s of tho amount
<br /> set faRh on thu Summary Pago;
<br /> (b) that tt��'mjc+:t cc�nstltutas and will�nstltut�"rc�idcntial�!�.�.~y;:�l propsrty�"
<br /> ' as defined in Secdon 42 of the Ccxio t►�d tha ltvgulations� tl�a z��ttal t�*.*_�t��f wf�ch will
<br /> lx�n;nteci ar availaUlo for rental on a aantinuous basis to mc»i�i:,r.s c�f t9�e���eral public;
<br /> � (c) lf tho Owner becomes aware of any eltuatia», event or ovnctition whieh ,
<br /> would rosult in noncompl�anco af a Dwvlling Unit, th� Pr.r.�?ect or iha Ow��er wlth
<br /> Se�ction 42 af thv Code ar the Regulat�Qns, tha Owner shali p:��:�iptly give wrluen notico
<br /> themaf tc�IGa Authadty;
<br /> . 01117174.'3.1 w
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