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<br />(- Agency, neither the Grantee nCr any successor in interest to the <br />I Premises shal7:'enga±e in any tinancing'ar any other transaction <br />creating any mcirtgage cr other encumbrance or Lien upon the <br />Premise whether by e~:press 3~reement ar operation o* law,--ur <br />surfer any enctiimbr3nce or lien.-to be made an or ar_tached to the Pre- <br />mises, except'ror the purpose only u` abta:nin~; <br />A. Funds°only to the extent necessary .`or making` <br />the imprc~ye.ments; or <br />B. Such: additional funds, it anv; in an amount not td" <br />emceed the purchase Qrice paid'-by the Grantee. <br />_:~til isssc~ance oL ttie oerti~.cata of eampletion, Grantee'or its <br />successors in interest shall. notify the llirectar'uf the CoT~unty <br />Development Agency.,... in advance, of and ~nancing secured by a mort- <br />gage .~r other s'milaY lien ins rument cah:ch Grantee proposes to <br />ent-er into !with respect to the Premises and of any.. encumbrance cr <br />lien tnat;has "been created ~r attached'to the Premises by involunt- <br />arv'act of the ~Srantee, or otheruzise. : <br />Tl:e ;~~3der of any :aor-t gage autharized by the Director. oz <br />the C;or,rnunity development Agency, including any holder who obtains <br />tit't tc the l?i-emises or any park thereof` as result of fareciosure" <br />proceedings or action i.n lieu thereof rout not including: <br />{ai any nt.her party who therearter attains tiC;le Co the <br />Premises ar such -part ~rt?m or through such': holder; <br />fl Y <br />ib, any utner purchaser ar £oreclsoure sale other: than <br />the .holder ar the mortgage i:t,sei£,), <br />s~a'.I be rh;.~gated by the prnvisans u% this deed,ta construct or <br />coelete tae construction or the impros~ments, or to guarantee such <br />.on~~~..~ic~n or completion. ~othi~g in these covenants or this deed' <br />_ _`s <br />1~ <br />~_ <br />