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<br />200702327 <br /> <br />6 <br /> <br />appropriate, since the injury to the Secretary arising from a violation under any of the terms <br />of this Agreement would be irreparable and the amount of damage would be difficult to <br />ascertain. <br /> <br />12. Submission of Certifications. The Owner must submit to the Secretary or the <br />Participating Administrative Entity ("P AE"), within thirty (30) calendar days following the <br />Secretary's request therefor, any certifications, statements or other information as the <br />Secretary may reasonably require relating to the monitoring of the Owner's compliance with <br />this Agreement. During the term of this Agreement, the Owner shall submit to the <br />Secretary (by delivery to the local HUD office), the PAE (if serving as the Use Agreement <br />Monitor), and to the unit of local government responsible for providing affordable housing <br />to the jurisdiction in which the Project is located (the "Affected Unit of Local <br />Government"), within thirty (30) calendar days following each anniversary of the execution <br />of this Agreement, an executed original of the Owner's Compliance Certification, in the <br />form attached hereto as Exhihit r, certifying that the Owner is in compliance with the terms <br />of this Agreement. The Owner shall maintain on file, for a period of not less than eight (8) <br />years from the date thereof, a copy of each Owner's Compliance Certification submitted in <br />accordance with this Section. <br /> <br />13. Covenants to Run with Land. The Owner hereby subjects the Property to the <br />covenants, reservations and restrictions set forth in this Agreement. The Owner hereby <br />declares its express intent that the covenants, reservations and restrictions set forth herein <br />shall be deemed covenants running with the land to the extent permitted by law and shall <br />pass to and be binding upon the successors in title to the Property throughout the Term. <br />Each and every contract, deed, mortgage or other instrument hereafter executed covering or <br />conveying the Property or any portion thereof shall conclusively be held to have been <br />executed, delivered and accepted subject to such covenants, reservations and restrictions, <br />regardless of whether such covenants, reservations and restrictions are set forth in such <br />contract, deed or other instrument. The Secretary hereby agrees that, upon the request of the <br />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. <br />All costs and expenses relating to the preparation and recording of such release shall be paid <br />by the Owner. <br /> <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 <br />Property, the restrictions and covenants hereunder are not intended by the parties hereto to <br />either create a lien upon the Property, or grant any right of foreclosure, under the laws ofthe <br />jurisdiction where the project is located, to any party hereto or third party beneficiary hereof <br />upon a default of any provision herein, rather they are intended by the parties hereto to <br />constitute a restrictive covenant that is filed of record prior in time to any instrument or <br /> <br />M2M Use Agmt 09-15-04 <br />