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~UD.6209B (9-69) SEC. ~06. Prosress Reports. Subsequent to conveyance of the Property, or a~y part thereof, to the Redeveloper, and until construction of the Improvements has been completed, the R~developer shall make reports, in such detail and at such times as may reasonably be requested by the A~ency, ~aS tO the actual, progress of the Redeveloper with respect to such construction. SEC. 307. Certificate of Completion. (a) Promptly after completion of the Improvements in accordance with those provisions of ~he A~ree~ent relating solely to the obligations of the Redeveloper to construct the Improvements (including .the dates for ~ginning and completion thereof), the A~ency will furnish the Redeveloper with an appropriate instrument SO certifying. Such certification by the A~,mcy shall be (and it shall be so provided in the Deed and in the certification 1(self) a conclusive determination of satisfaction and termination ,Jr the agreements and covenants in the A~reement and in the Deed with respect to the obligations of the Redeveloper, and its' successors and assigns, uo construct the Improvements and the dates for the beginning and compl.,~tion thereof,: Provided, That if there is upon the Property a mortgage tnsured~ or held or o~ned, by the Federal Housing ~klministration and the Federal .Housing Administration shall have determined that all buildings con.{tituting ,. a part of the Improvements and covered by such mortgage are, in fact, eubstantially completed in ac~:ordance with the Construction Plans ready for occupancy, then, in such event, the Agency and the Redeveloper shall accept the determination of the Federal Housin~ Admiqistratio~{ to such co~pletion of the constru~tion of the Improvements in acco~l(~nce with the Construction Plans, and, if the other agreements and coven~mts in the A~reement obligating the Redeveloper in respect of the const~c~ion and completion of the Improvements have been fully satisfied., the A~ency forthwith issue its certification provided for in this Section, Such certification and such determination shall not constit~te evidence compliance with or satisfaction of any obligation of the Redeveloper to any holder of a mortgage, or any insurer of a mortgage~ securing money lo. ned to finance the Improvements~ or any part thereof. (b) With respect to such individual parts or parcels of the Property which~ if so prqvided in Part I hereof, the Redeveloper may convey or lease as the Improvements to be constructed thereon are completed~ the Agency will also~ upon proper co.pie(ion of the Improvements relating~ to any such part or parcel, certify to .the Redeveloper that such [~provements have been ·ade in accordance with the provisions of the A~reement. Such certiflcatlon shall mean and provide, and the Deed shall so state, (1) that any p~trty purchasing or leasing such individual part or parcel pursuant to th, t' authorization herein contained shall not (because of such purchase or lease) incur any obli~ation with respect to the construction of the Improvements relating to such part or parcel or to any other part or parcel of the Property; and (~) that neither the Agency nor any other party shall thereafter have or be entitled to exercise with respect to any such individual part or parcel so sold (or, in the case of lease, with respeht to the leasehold interest) any rights or remedies or controls that it may -6-