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Premises s-hall engage in any financing or anyather transaction .creating any mortgage or ether encumbrance ar lien upon the Premises ,; whether by ~xprass agreement car operation of law; or s~:Efer any encumbrance or tien t© be made on ar a-tCached to the"Pre- miss, except far the purpose only of obtaining: A. Funds only to the extent necessary for making tEae impr'avement~: or B. Such add. ti-_::zal funds; if any, in an amount not to exceed the iur~hase price paid-by the Grantee. i Ci: ;.sstiance of the c~~ttificate of completion, Grantee or .Ls successors in interest~~.~i2 notify tt~e,Director of-the Coinmunty Crevelapment Agency, in advance, ca£ any Tnancing secured by a most- gage.'or other siiniiar lien instrument which Grantee 'proposes to enter into: with respect to the Fremises; a~._± ,,t any encumbrance or i.ien that has been created or attacheu r.: tf-~e E-~:ni~es by,invol.unt- srv act of the Grantee, c'rr otherwise. 7. The holder of any'mortg<~ge autharired by the Director c, t~:e ~nmmuriity IleveLcpmene Agency, including airy holder whso; obtai.rs title ro the F.remises e~ ;in.~i parC,therGo,G as a result o1 forecla5urc ar ~ceedin~s as ~;cti~,^ ~ n ? : e~: thereof €but mat i ncLuding: a; a~,Jorh~r ~~arty ~.rhu thereafterobta~ns t%tLe to he Pr,T ~~~ s~sch part _*rcarn ar t:;~rouokt such'hol~ler; ur ! o:• any ether p~ar~`, iser aC foreclsoure sale ,t~:rr ~~~h3n rh,= hclder`o` the -~crtgage itselE,1 shalt be vG:~iga:ed by thh ~ r,~v~s~,,i s :,>~ C'~~s riee{a to consLr~i_t ~r ComplE'ttt Che COiISCYUCtl ~*l OI_ t`le '. ?~) nV~ ,P:7tS, ?r to pU;Yia tF°e 8uc'[: constructio ~_ ~~, leti.°~n. ~:hit~~ :n h_~t _~.~.~=~ ~ :_r tl~i.sdee- 3 - L ..