Agmt 2006 Allied Housing Program (2)

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"There shall be no discrimination against or segregation of any person or group of persons on account ofrace, color, creed, religion, sex, sexual orientation, marital status, disability, national origin or ancestry in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment ofthe property nor shall the transferee or any person claiming under or through the transferee establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sub lessees or vendees of the land." 4.15 RESTRICTIONS ON CONVEYANCE, ENCUMBRANCE. Borrower shall comply with Section 8 of the Regulatory Agreement pertaining to restrictions on the sale, transfer, encumbrance, and other conveyance of the Property ("Transfer"), the Project, and interests therein and changes in identity of Borrower. ARTICLE V EVENTS OF DEFAULT The occurrence of anyone or more ofthe following events shall constitute an event of default hereunder ("Event of Default"): (A) If Borrower fails to pay when due the principal and interest payable under the Note and such failure continues for ten (10) days after City notifies Borrower thereof in writing. (B) If, pursuant to or within the meaning of the United States Bankruptcy Code or any other federal or state law relating to insolvency or relief of debtors ("Bankruptcy Law"), Borrower or any general partner thereof (i) commences a voluntary case or proceeding; (ii) consents to the entry of an order for relief against Borrower or any general partner thereof in an involuntary case; (iii) consents to the appointment of a trustee, receiver, assignee, liquidator or similar official for Borrower or any general partner thereof; (iv) makes an assignment for the benefit of its creditors; or (v) admits in writing its inability to pay its debts as they become due. (C) If a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that (i) is for relief against Borrower or any general partner thereof in an involuntary case, (ii) appoints a trustee, receiver, assignee, liquidator or similar official for Borrower or any general partner thereof or substantially all of such entity's assets, (iii) orders the liquidation of Borrower or any general partner thereof, or (iv) issues or levies a judgment, writ, warrant of attachment or similar process against the Property or the Project, and in each case the order or decree is not released, vacated, dismissed or fully bonded within 60 days after its issuance. (D) The occurrence of a Transfer in violation of Section 8 of the Regulatory Agreement. 818012-3 14