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<br />Premises shalt engage in any zinancing ar any ott-ier transaction <br />creating anw mortgage ar other encumbrance ar lien upon the <br />Premises; whether by express agreement'ar operation of law, ar <br />suffer any encumbrance or lien to be made on er attached to the Pre- <br />miles, excepC for the purpose only of otataining: <br />A. Funds onlu to thz extent necessary .for Making <br />the i:nprcwements; ar <br />B. Sueh additicnai funds, iz and, .in an amount note CO <br />exceed. the purchase price paid by the Grantee. <br />until i-ssuance crf the certiicare u% :;o~npletion, ..Grantee or its <br />successors in interest shall natifv° the T3irector ai the t.ommunty <br />fle~rel.aQuxent ~geney, in ad~rance, crf any f inaricing .secured :by a mort- <br />gage ar ntt~er similar lien instrument w-hick t:;rantee proposes to <br />enCer into with respect tr, tha Premises. r:nd c~i" any enrumhrance or <br />tin Chat has been creaCed ar attached to the Premises by inwalunt- <br />arY .i..' the Crantae , ur ~>ther« i se . <br />? The hc>Lder *~f anw :~vrr~,a~,c authari.z~rd ''ry the Direceor al` <br />Cho C.ommunitY t3ewelaQment A:gerscy,- :.nc!~_ding <iny holder who obtains <br />Gi:ir• [c• tt~e Prc:~ises +:sr axxv ! „rt ~:nc•r.:~,~: as a rts~xtt ref' foreclasura <br />~t^(;~ c~::i::1~5 ar <~ction it. ii+: ., r,t•r~•.~~ la:it not Snc~luding: <br />~a'3 anv ~,ther p~ar:y ~~ho thereafter obtains Cute t~ t:he <br />rr:r. ~se.5 r, r' such part from ,fir thri~ugh such holder; <br />#b} i3ny oth~'- ~;r~!~aser at areclsvure sale Cher than <br />ttte hcat.der ;,= the mortgage %tseli';% <br />stial., !,.~ ~tzligaCed cy the ,provisions of this ;feed to canstruL•t ar <br />comgletc the canstrucCic~n ~f the: impreswemet~ts, ar Co gua,rantec such <br />uotirtstructfon cr comeletivn. i4et!~aing i.n ttsese covenants :ar this deed <br />- :: - <br />EA._ <br />