|
gd....~04848
<br />Section 1. The provisions of numbered paragraph 1 of
<br />said Speciai Warranty Deed are hereby modified and amended to read
<br />as follows:
<br />"Subsequent Grantee shall develop the Premises for
<br />residential use in accordance with Subsequent Grantee's
<br />proposal as presented and placed on file with the
<br />Community Development Agency of Grantor, provided,
<br />however, that the plans and specifications for such
<br />development may be modified with the written approval of
<br />the Director of the c'omntunity Development Agency of
<br />Grantor."
<br />Section 2. The provisions of numbered paragraph 2 of
<br />said Special Warranty Deed are hereby modified and amended to read
<br />as follows:
<br />"Subseyuent Grantee shall begin construction of the
<br />proposed improvements on the Premises by September 15,
<br />1980 and said construction shall he completed within
<br />nine months from the start of such construction, unless
<br />said times for commencement or completion of construction
<br />are waived in writing by the Director of the Community
<br />Development Agency of Grantor. The residential project
<br />to be constructed on the Premises shall be deemed
<br />completed as of the date that the llirector of said
<br />Community Development Agency finally examines the
<br />improvements on the Premises and finds that they meet
<br />the reyuirem.-nts of t:he plans and specificaiions .+s
<br />approved by sai.1 Cnuununity UeveLupu,ent Agency."
<br />Sert.ir,n 3. Phe pr.>vj.siun4 of numbered p.at'ayrap{+ 5 of
<br />yai,{ Spe~~t.al :~~t+,nnty iwae.i are trerei,y modi[ia~I arot amends=d to real
<br />as follows:
<br />5W.sequent Grantee shalt nut, prior to the completion
<br />of rho impn>vmnants gat the Prenuses, as certified try
<br />tht- 1ltrertor of the ~'ummuUity Development Agency <-,r
<br />{]r .rnt~•r sell, .,s sic{n, rontraet [.u salt „r iu .cry
<br />m.n cater aunvey the Prcani?s or any interest thet ein
<br />without the lsiur' written approval o€ the Director
<br />of sai,I t'unmiuniry I?evel,~pment Ac{ency, pr.?videcl,
<br />hc,wevat , Suta:;eyuunt +,rantaa shat l he parn,i ited to
<br />ex.~~+•u t.• and leltver ,t murtyaye or marts{ayes with respect
<br />t.., ittu {'r cult aa~ to IrV Or of iha llnlted 5t-aleb ~rf /lmerir,t.
<br />art caw t,y au~, thrnuul~ [he Secret.,ry of Uuusiny and
<br />uri,,,n Uevrluptnent, acuriny indantddnuss ,ncutred feu
<br />p,u 1,<rs~s ,_,f ~~onUt runt r ny the impr,wewent can t hN
<br />Prt'nusas and =•rttar^ ether can{,n,vemauis l~tcated
<br />uisuwhare."
<br />.~~, . i,;f. ~. !'h t• pr.,~, stut,s ~s€ nutnbarecl p.tt,r+tr a{,h t, oaf
<br />said Special Wztr ra my :+a N.i ar,• haraby mu,ltfle+i and ame acted t~, read
<br />as follows:
<br />"i•rior t.o the <:fNnl,lr +on of the imprcavaura,rts or: the
<br />Prutnisas, as curuft~~l by iha 17ira,ltor ;.t the Cunununiry
<br />Dev,.elupmcnt Agency cat Grantor, Subsequent Grant_ae stroll
<br />rtc,t, except tot thu ,.~urtyaye car nturtgay~a as pernurre,l
<br />uuJet r,un,hsrr„I pat'a,rraph t, hereof, vuluutartly ro~>rty.aye
<br />.u ~>th..rwtse enc~,amber the Premises wiY.lu,ut the prtcrr
<br />wt ittcn c•„cravat cat rho sai+2 tirector."
<br />
|