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major experrses, Age~rcy may approve or disappa•o~e such recl~zest in its sole disc~•etio~r, acrd may <br /> rcgt~i~•e as a co~rdrtlot~ of approval that Honreb€ryer only r"ent the I'~•oper•ty to ~iiible o~er~ate <br /> Ir~came Housel~olds at air affordable r"ent has defined in ectian 5~a~~ aftlre alior"nia Hcalth ~ <br /> Safety ode~~ Age~~ey acknowledges that the oceuparrcy standa~•d is occ~~pancy by t~~a <br /> persons per li~i~r and sleeping area, Hornebrryer slrall, upon derna~rd by Agency, subrnit to <br /> Agency arr affidavit ofoccupanc~ ~~erifying Ho~ebu~er"'s cor~~pliance ~~i~h this ectiar~ I0, ~cir <br /> affidavit ~r~ay be r"eq~~ire~ ~y Aenc~f an an annual leis. <br /> ~ ~ ~f~cCt 0~ ~io~a#1oll of file ~'e~`lYis c~Ild P~'o~isio~rs of tali ~esfrictlan, <br /> a~ ~zz etie~~aif Tl~e co~enarrts established in tlris Restriction sirall, witlraut <br /> regard to tecl~r~ical classificatiotr and desigtration, be bi~rdirrg for ~lre benefit and in fa~ar of <br /> Aetley, its s~~~cessors and assigns, as to tlrose coverra~rts wi~ich ar"e for its benefit. Fire <br /> co~etrat~ts cantattred qtr this Restr•ictiotr sl~all r+ernarrr ~t~ effect f~r• the pc~~iods of time peci~~d <br /> herein, The co~erra~rts agaii~st discr•irnitratiot~ shall remaix~ iii effect irr perpetuity, Agency is <br /> deemed the beneficiar"y of the terms and pr"o~iior~ a~' this Rest~~ictiar~ atrci of the ca~errants <br /> ~iunt~in ~~~itlr the land, far and in its own rights acrd for the p~~rposes ofprotectirrg the interests of <br /> the co~~rrr~u~~ity acrd otlrer ~a~"fies, p~~biic o~~ private, i~r ~~hase fa~ar" acrd whose benefit this <br /> Res~r"fiction at~d the c~~etrants rur~ni~rg ~~itl~ the iar~d ir.~e been ~ra~~i~e~~ ~'~i Restr"letlarr a~~d <br /> tl~e co~errarrts lret•ei n shall ru~r i n favor of Agency, without regard to whether Ae~~c leas beer, <br /> remains or is atr owner of any land or infer"est ti7c~•eir~ i~l the ~r~ope~~ty ar" in the Pra~ect Area, <br /> Age~rcy si~all have the right if the Restriction or co~ena~~ts are breaclred, to exercise all rigl~ts <br /> and remedies, acrd to rnait~tait~ any actiotrs oxi suits at law o~~ in. equity ar• othe~• proper• pr"oceedizags <br /> to etr'ar"ee the c~rz~i~r of such baieaelres to ~~hielr it or any atirer• beneficiaries of this I~estrietian <br /> and cove~ra~rts tnay be entrtied, <br /> b, Accel~~~tia~r. 'the whaie of the dote Arrro~znt has defined in <br /> ectiotr 1,2,b. of the loan Agreement} and all atlrer• pay~nents d~~e ~~~rde~~ the Horneb~~yeai <br /> Assistance Loan shall becorne due acrd immediately payable to Agency by Horneb~~yer upon the <br /> occl~rrence of <br /> atr~ one of the follo~~ir~ everts of accele~~atiorr; <br /> (i~ Horrrebuyer, i~~ Hornebuyer•'s sale discretio~r, elects t~ transfer the <br /> Property f <br /> o~~ a pr"ice I~1 excess of a~ Affordable Hol~si~~ host, ar~d T~•ansfcrs the 1'~~operty; <br /> ~ii~ Homebuyer" makes a Prohibited `~~iansfer of title to o~i any interest <br /> in the I'~•oper"t}~ i~r ~iolatio~~ of tlris Restr•ietian; <br /> viii} Harnebtlyer" refina~~ces airy lien or e~rcumbra~rce to whiclr Agency <br /> Deed ~f Tr~~st is sr~bor"dlr]ate ~eael~ such Berl, a "Fi~•st ~,ie~r"} for a laa~~ anrat~~rt in excess a~' the <br /> then current iaarr balance sec~~red by s~~ch lien or enc~~r~rbr+ance and loatr closing casts; <br /> ~i~} Homebuyer" fails to occupy the Prope~•ty as Horrrebuyer's prr~rcipal <br /> ~'eslde~rce p~~t•sl~ant to ectlorr ~ ~Oa~r Agreenretrt ar' r~~ Default Df arly athc~' obl~atrorr <br /> ~~nder the f,oan Agreeme~~t; <br /> Hotnebuyer lras a~n Ow~~erslrip Defar~lt vralatitrg any affard.able <br /> lrousitrg ter"rns ar pro~isiarrs of tlris l~est~•ictio~r, <br /> ~HIBIT D-9 TD ATTAH~~T ~D,11 <br /> Affet"dable Housing Resale Restriction € <br /> <br /> DOCS~~I l ~~~6~`3v131~~~~?~-0~~1 <br /> <br />