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$~1-- ~~ <br />color, religion, sex, or national origin in the construction, <br />sale, lease, rental, use or occupancy of any of the dwelling <br />units in the project. <br />4. All advertising, including signs on the Premises advert- <br />ising the sale or rental of the Premises shall include the legend, <br />"An Open. Occupancy Building" in type or lettering of easily <br />legible sine and design. <br />~, Grantees shall not, prior to the completion of the <br />improvements on the Premises, as certified by the Director of the <br />Community Development Agency, sell, assign, contract to sell, or <br />in any manner convey the Premises or any interest therein without <br />the prior written a,~proval of the Director of the Community <br />Development =4gency. Any successor ir. interest of Grantees shall <br />be bound by the provisions of this deed. <br />b. Prior to the completion of the improvements on the <br />Premises as certified by the Director of the Community Development <br />Agency, neither the Grantees nor any successor in interest to the <br />Premises shall engage in any financing or any other transaction <br />creating any mortgage or ather encumbrance or lien upon the <br />Premises, whether by express agreement or operation of law, or <br />suffer any encumbrance or lien to be made on or attached to the <br />Premises, except for the purpose only of obtaining_ <br />A_ Punds only to the extent necessary for making <br />the improvements; or <br />B. Such additional funds, if any, in an amount not to <br />exceed the puzchase price paid by the Grantees. <br />Until issuance of the certificate of completion, Grantees or <br />theiz successors in Merest shall notify the Director of the <br />+ity Develolment Agency, in advance, of any financing secured <br />by a mortgage or other similar lien instrument which Grantee <br />pr®~ostes to enter into with. respect to the Premises, and of any <br />eae~rance or lieu that has been created or attached to the <br />Prises by i~svaiuatary act of the Grantees, or otherwise. <br />7. Ttte holder of any mortgage authorized by the Direetar of <br />the Cammusi.ty Development agency, including any holder who obtains <br />title to the Premises or any part thereof as a result of foreclosure <br />- 2 - <br />