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Community Development Agency, sell, assign, contract to sell, or in any manner convey the Premises or any interest therein without the prior written approval of the Director of the Community Development Agency. Any successor in interest of Grantees shall be bound ty the provisions of this deed. 6. Prior to the completion of the improvements an the Premises as certified t_y the Director of the Community Development Agency, neither the Grantees nor any successor in interest to the Premises shall engage in any financing or any other transaction creating any mortgage or otter encumbrance or lien upon the Premises, whether ty express agreement or operation of law, or suffer any encu~;ance ar lien ..a to made an ar attached to the Premises, except for the purpose only of attaining: A. Funds aniy to the extent necessary for making the improvements; or B. Such additional funds, if any, in an amount not to exceed the purchase price paid tp the Grantees. L7ntil issuance of the certificate of completion, Grantees ar their successors in interest ;hall notify the Director of the Community Development Agen~c, in advance, czf ar_y financing secured by a mortgage ar ocher simiiar lien instrument cahich Grantze proposes to enter into c~ith respect to the Pre rises, and of an_v encumbrance or lien that :gas teen creased or attached to the ?r.sas by invaiuntar~=' act ,~r the iar:ntees, it ,t herwiSH. 1• the ^aider aZ 3ny SIIart~,a~,e out}1ari2ed tY t;1E' Director aL the Cozmxsun~ty De}elvpment Agency, including any hailer who attains title to the Premises ar any part =hereof as a result of fore- closure proceedings ar a.^.tion in ?ieu there<si ;but not including: ia) any other party who thQreaftar attains title to the Premises ar such part from c>r _hraugh such holder; or f~~ aray ether aurchaser at forerlcsure :-aie ocher than the holder of tine mortgage itself,; shall ~~ obi,i,gated by the provisions of this deed t:tr cc<~sc-.rust c>r complete the cpnstruction of the improvements, or tC~ ~aarBnteB 511~~i c~snstructlIIn ar Completion. .•`iothl.n~z in tl'~E'.S~ ;~;:?V£`ilanC:, <?r this deed shad to de4xned or Cunstruet! cc j,~ra~2it: <:.r ~zuct~e,r<.~ ,~r,v such h~ols3~-r to d~.vote the property ~sr aa,,~ ~~e~;: r~lcr-e.;_r~z _ . :~n,= - 3