80002941 - Laserfiche WebLink

Browse

~, y~' ,~~x;a,'.; ~~M/s.. ~v Sri.. lease, rental, use or occupancy of any of the dwelling units in the project. 4. A11 advertising, including signs on the Premises advert- ising the sale or rental of the Premises shall include the legend, "An Open Occupancy Building" in type or lettering of easily Legible size and design. 5. Grantees shall not, prior to the completion of the improve- ments on the Premises, as certified by the Director of the Community Development Agency, seal, 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 by the provisions of this deed. E. Prior to the completion of the improvements on the Premises as certified by 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 other encumbrance or lien upon the Premises, whether by express agreement er operation of Iaw, or suffer anv erc~imbrance or lien to be made or. or attached to the Premises, except for the purpose only of obtaining: A. Funds oni_y to the extent necessary for making the improvements; or B_ Such additional funds, if anv, in an amount not to exceed the purchase price paid by the Grantees. Until issuance of the certificate of completion, Grantees or their successors in interest shall no_ify the Director of the Community Development Agency, in advance, of any financing secured by a mortgage or other similar lien instrument which Grantee proposes to enter into with respect to the Premises, and of anv encumbrance or lien that has been created or attached to the Premises by invo- luntary act of the Grantees, or otherwise. 7. The holder of any mortgage authorized by the Director of the Community Development Agency, including any holder who obtains _ ~