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i <br /> EXHIBIT 2 <br /> 4.6 'Waiver of Disbursement Conditions. Unless City otherwise agrees in writing, � <br /> the making by City of any disbursement with knowledge that any condition to such <br /> disbursement is not fulfilled shall constitute a waiver of such conditions only with respect to the <br /> particular disbursement made, and such condition shall be conditioned to all further <br /> disbursements until fulfilled. <br /> 4.7 Other Terms and Condition !grant.Any disbursed Grant amounts shall <br /> become immediately due and payable by Grantee back to City,in the event of any of the <br /> following. <br /> (a) Failure to complete the Project within two (2)years of the date of the first <br /> disbursement, unless extended due to Force Mateure delays, <br /> (b) Violation of any of the use covenants and restrictions contained in this <br /> Agreement after the expiration of any applicable notice and cure periods; or, <br /> (c) An Event of Default by Grantee,which is not timely cured after expiration <br /> of any applicable notice and cure periods pursuant to the terms of this Agreement. <br /> 4.8 Costs and Pees. Grantee shall pay all recording lees and charges on any <br /> document recorded pursuant to this Agreement. <br /> 5. USE AND MAINTENANCE OF TIC PROPERTY <br /> 5.1 Maintenance of the Proper .During construction and rehabilitation of the � <br /> Project, solely at Grantee's expense, Grantee agrees to maintain the Property in a clean and orderly, <br /> condition and in good condition and repair and keep the Property free from any accumulation of <br /> debris and waste materials, If at any time Grantee Bails to maintain,or cause to be maintained,the <br /> Property as required by this section, and said condition is not corrected after the expiration of a <br /> reasonable period of Onne not to exceed thirty(30)days from the date of written.notice from the <br /> City,unless such condition cannot reasonably be cured within thirty(30) days,in which case <br /> Grantee shall have such additional time as reasonably necessary to complete such cure,the City may <br /> perfonu the necessary maintenance and Grantee shall pay all reasonable costs incurred for such. <br /> maintenance,Following the Certificate of Completion for construction of the homes,the Property <br /> maintenance shall be governed by the provisions of the Regulatory Agreement, <br /> 5.2 Oblintiion to Refrain from Discrimination, Grantee covenants and agrees for <br /> itself,its successors,its assigns and every successor in interest to the Properly or any part thereof, <br /> that there shall be no discrimination against or segregation of any person or group of persons on <br /> account ofrace,color,creed,religion,sex,marital status, sexual orientation, gender identity,gender <br /> expression, gender,medical conditions;genetic information,military and veteran status,age, <br /> national origin,ancestry,or disability, during the course of the Project or rehabilitation or operation <br /> of the Property nor shall Grantee itself or any person claiming sunder or through him/her establish or <br /> perni t any sucb practice or practices of discrimination or segregation,with reference to the � <br /> rehabilitation or operation of the Property. The foregoing covenants shall run with the land and I <br /> shall remain in effect until termination of the Agreement. Following the Certificate of Completion, <br /> the Grantee's obligation to refrain from discrimination shall be governed by the provisions of the <br /> Regulatory Agreement. <br /> I <br /> I <br /> City Council 16— 19 5/19/2026 <br />