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<br />HllU.6~09B
<br />{9..i;l9i
<br />
<br />(5)
<br />
<br />The Redeveloper and it!;
<br />other conditions as the
<br />to achi.G've u.uc. s:,fegu~1>r
<br />Act and the Urt.,"n
<br />
<br />
<br />transferee shall eQmply with such
<br />y may find desirable in order
<br />of the Urban Renews.l
<br />
<br />.
<br />
<br />Pr~~id~d, That in the abaence of
<br />tot1i:;'(~OK1trc1;X'Y, no sucll
<br />be d~emed to relieve the Redevel
<br />by the Agl:'''$;~nt 0),'
<br />f~~~ any of its obligntionn
<br />
<br />
<br />written agreelOOnt by the Agency
<br />1 by Agency thereof shall
<br />yother p;>>'ty bound in any we.y
<br />'{. to, tt;.e cQnst~uctlQn of the
<br />with re~~ect thereto.
<br />
<br />
<br />SEC. 504. Information A'13 In order to assist in the
<br />ion of t~~~- the statutory objectiif~"
<br />1Y, the :R0dev~lopcr pcr10l1 between executiol'
<br />of t e AgreelOOnt ~nd co~pletion ta ~s cert1fi the
<br />Agency, (a) the t\Q;developer will pI"omp tll,'~ Agency of and a'1
<br />wklataoC70I" in the o~crehip of legal or benefici or or
<br />er act or tri!>.l:ll!!lI.Ctioo inv01 ving n,g in any change in the
<br />of su.ch stock or in the rel but ion thereof, or with
<br />o the 1t\entity of the p!l\rtie 01 of the Redeveloper or
<br />thereof, of which it or an ficers have been notifiea
<br />have mo'Jledge or ini'o and (b) the Redeveloper shall,
<br />~ or tll,1l1i6 lioill the Agca1:lcy t\l:rnil'h the Agency wUn p.
<br />llt1l>t<:m..mt, lI11bl'cr11:>, Prellident or other
<br />cer of the h an of the tockho1(:.'1:'.)
<br />oper end the e.l~t respective hold-in,gs, in t":"
<br />ice ~ve a interest in such sto eiT
<br />na!l\!le end the extent of s\lch 1n all detemined or indicl'kted by
<br />the records of the Redeveloper, by uiry lllflde by any such
<br />officer, of e.ll p$:l."ties who on the ';Mlill Q ell l'ecords 0 percent C,K
<br />mo~ of the stock in the Redeveloper, ~ld by lIuch other knowl
<br />i:1.t'O,7,:::c;ti.on !1"1 aucn officer sP!'ll hiJ,ve, Such l1etsl da.ta, an mati('Kl
<br />a1Wl1 :I,ll. any event be furnieh;;.,d 1. iately prior to the
<br />delivery of the :!><!ed to tr'~" :H cQndHioo precedent then"..
<br />l'.ud m:mue.lly thereeJ"ter on th l' the date of the Deed unt11. t.' "
<br />issuance of a cert1fic~te of completion tor all the Property.
<br />
<br />
<br />.
<br />
<br />
<br />-AFrICLE VI. KOR'l'CMIJE FDANClm; llIGm'S OF MQRroAGEES
<br />
<br />.
<br />
<br />SEC. 601. ~~tl!,tion Upon EneUlllb!~~! of Prq)?ert;"l' Prior to the
<br />completion of the r~provelOOntll, !1S certi2ied by t~e A~ency, neither the
<br />ned~fv~lo:per nor eny aucceauor in inte:r-aet to tl/~ or any ptl,rt; t~"~,~"r'
<br />~1::L~ll in c;;r'i or ~lj:lJY ct/h,er t:rf~DtH:%ct.ion cTf':Sc,ting ff>:D,,,:! mort,g:'" '~:"
<br />
<br />OJ!,'' ,,:.d';":"~";'k; ""'''~i.>"".. -',,-,_ ",;J,;::...';. u;"" l:>'.-'~" l'~,: \;.,,;
<br />
<br />
<br />\,' '';"-;:-}
<br />
<br />e'~f.n'{,120,~" f'7r?-;""'~'
<br />
<br />or opel'lAt1on of law, or euX':(er any encUIllu:r'ance OJ:' lien to be lllade on OX'
<br />aM-flt''I1 to the Property, except for the. pu:rpoliltle of obtaining (8) fund-a only
<br />.c,-t,} -~L:;: '~~~C(,0"~rt 1.:.'~''->'~~''4';'q:'''.,r it,.':' tL<;: :,~-::,,1 (i~.) t:H1C:h <~{ldlt:~t:,'"
<br />funo,e, if any, in c.u "'i:S".ouut not to exceed the Price paid by L1'"
<br />R,:::dEf1felop:e.:r to t;;,o: nllCCi.:2G01" 1n intel':cs"t) ;':J "
<br />the :tn U'~'%"--<:~nee by mortge.ge 01" Qt1'lt ;-'{"
<br />
<br />.... 12 ~
<br />
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