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hereby approves BRIDGE Property Management Company, a California nonprofit
<br />public benefit corporation as the initial management entity for the Project.
<br />6.3 Repair Maintenance and Security. Throughout the term of this
<br />Agreement, Owner shall at its own expense, maintain the Property and the Project in
<br />good physical condition, in good repair, and in decent, safe, sanitary, habitable and
<br />tenantable living conditions in conformity with all applicable state, federal, and local
<br />laws, ordinances, codes, and regulations. Without limiting the foregoing, Owner agrees
<br />to maintain the Project and the Property (including without limitation, the residential
<br />units, common areas, meeting rooms, landscaping, driveways, parking areas and
<br />walkways) in a condition free of all waste, nuisance, debris, unmaintained landscaping,
<br />graffiti, disrepair, abandoned vehicles/appliances, and illegal activity, and shall take all
<br />reasonable steps to prevent the same from occurring on the Property or at the Project.
<br />Owner shall prevent and/or rectify any physical deterioration of the Property and the
<br />Project and shall make all repairs, renewals and replacements necessary to keep the
<br />Property and the improvements located thereon in good condition and repair. Owner
<br />shall provide adequate security for occupants of the Project.
<br />6.3.1 Agency's Right to Perform Maintenance. In the event that Owner
<br />breaches any of the covenants contained in Section 6.3, and such default continues for
<br />a period of ten (10) days after written notice from Agency (with respect to graffiti, debris,
<br />and waste material) or thirty (30) days after written notice from Agency (with respect to
<br />landscaping, building improvements and general maintenance), then Agency, in
<br />addition to any other remedy it may have under this Agreement or at law or in equity,
<br />shall have the right, but not the obligation, with prior notice to Owner, to enter upon the
<br />Property and perform all acts and work necessary to protect, maintain, and preserve the
<br />improvements and the landscaped areas on the Property. All costs expended by
<br />Agency in connection with the foregoing, shall constitute an indebtedness secured by
<br />the Deed of Trust, and shall be paid by Owner to Agency upon demand. All such sums
<br />remaining unpaid thirty (30) days following delivery of Agency's invoice therefor shall
<br />bear interest at the lesser of 10% per annum or the highest rate permitted by applicable
<br />law. Notwithstanding anything to the contrary set forth in this Section, Agency agrees
<br />that it will provide Owner with not less than thirty (30) days' written notice prior to
<br />undertaking any work for which Owner will incur a financial obligation.
<br />6.4 Marketing and Management Plan. Not later than one hundred eighty
<br />(180) days prior to completion of Project construction, Owner shall submit for Agency
<br />review and approval, a plan for marketing and managing the Property ("Marketing and
<br />Management Plan" or "Plan"). The Marketing and Management Plan shall address in
<br />detail how Owner plans to market the Restricted Units to prospective Eligible
<br />Households in accordance with fair housing laws and this Agreement, Owner's tenant
<br />selection criteria, and how Owner plans to certify the eligibility of Eligible Households.
<br />The Plan shall also describe the management team and shall address how the Owner
<br />and the management entity plan to manage and maintain the Property and the Project.
<br />The Plan shall include the proposed management agreement and the form of rental
<br />agreement that Owner proposes to enter into with Project tenants. Owner shall abide
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