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<br />82-r = ~~ t~ ~ c~ ~~ }" <br />tit t3> <br />Premises.shall` engage.-in any financixag or. any other transactian <br />creating any martgage:ox other encumbrance or 1i~n upon she <br />Premises, whe-ther. by express agreement or a~aeration of lac,, or <br />s~tifer any encumbrance ar li.en Ca be made on or attached'to the'Pr€- <br />raises, except or. the purpose only of obtaining: <br />.~.. Funds only to the extent necessary;£or making <br />the 'i.mprovements; or <br />B. Such additional` funds, if any',; in an amount not> to <br />exceed the purchase arise paid oy the Grantees. <br />'~,;.il issuance of the certificate of ccmpletan, Grantees.-or. their <br />successors in interest shall notify :.he Director. af';tae community <br />De~elopm~nt ~gen~y, -n =_dvance, ar" any financing secured uy a ~nnrt- <br />gage `r a:ther:simlar lien instrument which-Grantees propose to <br />enter inCC with respect to the Premises, and'ca£ any: encumbrance :~r <br />lien. that nos been created or attached to the Premises by invotunr-- <br />wry i r .~ t'.ae Grantees, care otherwise.. <br />'. I'`<< `~oi?er at" any-mortgage author?zed by-the J;~: to ~E <br />the Cornmur! Lv Development ~gr~nc~, ~-ic:.~.. :n, ho?-:?r°~r c.~ho oi;-twins <br />titlE• to the Premi sc: s.. a.iv ~~i r°. ~~rer; _,s :., r~sui' .~rforec7,~su re <br />nroc edn~~ ~r .~ctiac~ i 1; _~~ _..~~~r~ ~e ~~t .,oL _clu~3ing;. <br />a; -env o~i; i~artti- •.~r,c ~~.-t- _e~*r ~bt.ans title to-thc <br />Yremi ces or ~u,h E)ae-;:. ~ru.n ~uz tkaiC~u~;h such,holder <br />,r <br />. , any :;tn •, :;ur- ias_r t foreclseure sale other than <br />tie F?o1~2r o1 r,~ ~r;rtgage itself, l- <br />shalt. oe ooligat ''r ~ ,~. pr v,s:,as cf Chis ieec; to canstruc+< ::>r <br />c~~mp~let=~ Ch<~ cai~stzuct ~~~ -,.~ -ne .>t_wemc:uL~, ~~ to guars ~_ee sucl-~ <br />constrvcti~~n c~- cr.r:pletior?. ~~o:i~~ng ~.. these ~cc~.ia.t_, or tn's deed.:.: <br />1 <br />