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)C~~? ~' pCc,, Prfor ter ttae: comptlctian of the iaaysrovementa on the ~"re~bses as certified ksg tict~a ;EAirettor of the Caasity E}evelapmenC A:gtncy, neither the {~rafater. ear any aucces~zor i,n z~rereat to the Pre~is~es shall engage: in any financing or any tither trensactian ' creme-i~g atc}r ~rtga~e: ar tither encranee ar lien. upon the Premises, whether h}~ eapr~~5s agrea~ ar operation of lam, or suffer say encumbrance or Tien to be amide on gar attached to ttxe Premises, except for the purpose only a£ obtaining; A. Funds only to ttae extent necessary for making the improvements; or 3~. Ssech:additi.onal fussds„ if any, in an amauat not to exceed the purchase pace paid by the Grantee. t23ttil i~ssuanec of the certificate of completion, Grantee or its suecessars in: interest shall notify the Director of the Caaamsnity Ilevelapment Ageney, i.n advance, o£ any fin aacixag-secured by a mortgage ar other similar lien instrument vnc~h Grantee preposea to der into with respect to the Pr~i.ses, and of any encumbrance or lien that has:.. been created or attached to the Premises by involuntary act of the Grantee, or other- wise. 1. Rue hcl:.:er of an~f :mortgage autlswrizad by the Director of tee Csosmanity Tien- eiapment Agency, including any holder who abtains title to the Premises or any part ticreoE'aa a result cf ferecloaure psoceeediags ar action in Ifeu thereof (but. not inelaxdirxg: . fa}' any ether Harty who t3xereaf ter obtains title to the Premises or such part from czr through such holder, or (b} say other purctasser at foreclosure sale other than the holder of the ~artgage itself,? shall bt obligated by the provisions of this deed to construct. or complete the con- struction of the-.improvements, or to grantee seech conatrueti.on ar campietion. Nat$ing in these covenants or this decd sisal? be deemed or constaved to permit. or aut~xoriae any such holder to devote the property or any part thereof to any uses., or eoastx~sct any improvements thereon, other than; those uses and improvements pro- sided or pesanitted is-.the IJrbaa Renexal c28n or Ca~unity Development Plan. of the- City n€ Graad:T land-. $. Grantee:shall not pretest the creation of any improvement distridts, inwlud- ing but not Ziasittd to;paviag, sani.ta~ scares, water main, storm water drainage, ar sidexalka, +nicFt may be: crested ixc or adjacent. to the Premises far which the Premises aay ha sub~+sct to the Ievy of specaa:I assessments. The foregoing prohibition shall. :svt ,rohibit ttYe Grantee frost objcctiag to the amacuxt of any such special assessmcsst. wksi.ch rtuzp be :ev;~x3 a~isxat the. Premises. :leis hcwu shall coav+ey to: Grantee an estate in: fee sirmple dctetacinatrle, :3etd in ti9r. ~+rextt ,i uresrl:,. thtt gwasbility..o£ tevscrtershall zivest lax the Gity of ~aaxd i 9 i$6SJL. 1$1'SEY'~''liK~Cd! . °~..