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s "] fi 3. Grantees shall not discriminate upon the basis of race, color, religion, sex, or national origin in the construction, sale, lease, rental, use or occupancy of any of the dwelling units in the project. 4. All advertising, including signs on the Premises advert- ising the sale ar 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, 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. Aay successor in interest of Grantees shall be bound by the provisions of this deed. 6. Prior to the completion of the improvements on the Premises as certified by the Director of the Community Development Agency, neither the Grantees nar anv successor in interest to the Premises shall engage in any financing or any other transaction creating any mortgage or ather encumtarance or lien upon the Premises, whether by express agreement or operation, of law, or suffer anv enCUmbraT!Ce Or lien t0 }?e made On Or atta C}'?ed CO the Premi ges , except fOT Life DUrpOSe Only Of obtaining: A. :ands only 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 by the Grantees. Lntil issuance of the certificate of completion, Grantees or their successors in interest shall notify the Director of the Community Development Agency, in advance, of anv financing secured by a mortgage or other similar lien instrument t.~hich Grantee proposes to enter into with respect to the Premises, and Of any encumbrance or lien that has been created or attached tc~ the Premises by invo- luntary act of the Grantees, or otherwise. - 2 -