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<br />82~~~C+2273 <br />Premises, wi~ether,by express.-agreement or operation of law;. o: <br />softer any;encLU~hranceor Lien CobP madeon or attached tothe ~re- <br />miser, except for the purpose only of obtaining: <br />A. Funds only to the. extent necessary f.or making, <br />the improvements; or' <br />B. Such additional funds, if any, in an"amount not to <br />exceed the purchase. price paid: by the Grantee. <br />Until issuance of the cerCi:ti.cate of completion, Grantee or its <br />successors in interest shall notify Che Director of the Community <br />Development Agency, in advance, o€ any financing secured by a most- <br />gage or other similar lien instrument which Grantee proposes to <br />enter info with respect to the Premises, and of any encumbrance or <br />Ii.en hat_has been Created or attached to the Premises by-involunt- <br />ary act of the Grantee:, or cstherwise. <br />7. The holder of any mortgage authorized by the Director of <br />the Community Development Agency, including any holder who obtains <br />ti.Cle to the Premises or any part thereof as a result of foreclosure <br />proceedings: or acCion in Lieu Chereof {but not including; <br />(a) any other parity whn thr:;eafter obtains CiCle to the <br />Premises or uch`part from or through such `holder; <br />or <br />4b1 aay other purLhaser at foxeclsoure sai.e other than <br />the holder of the-mortgage itself,} <br />shall be obligated by the provisions of this deed to construct or <br />complete the construction of the improvements, ar to guarantee such <br />Construction or completionz. Nothing in thesz covenants or this deed <br />shall be deemed or construed to permit or authorize any such holder <br />to ~evate :the property, or airy part Chereof to any uses,. or consl~u:` <br />3 _ <br />. <br />