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4.06 Completion of the Improvements and Use of the Properties ..................... 12 <br />4.07 Progress Reports ....................................................... 14 <br />4.08 Agency to Receive Copy of Construction Contract ............................. 14 <br />4.09 Equal OpportunitX ...................................................... 14 <br />4.10 Certificate of Completion for Improvements .................................. 14 <br />4.11 Construction Bonds .................................................... 15 <br />4.12 Prevailing Wages ...................................................... 15 <br />Article Five: CHANGES IN DEVELOPER ................................................ 15 <br />5.01 Identity of Developer .................................................... 15 <br />5.02 Changes Only Pursuant To This Agreement ................................. 15 <br />5.03 Prohibition Against Transfer of the Properties and Assignment of Agreement ........ 15 <br />5.04 Transferee Subject to All Conditions of Agreement ............................ 16 <br />5.05 Exception to Prohibition Against Transfer .................................... 16 <br />Article Six: DEFAULT ................................................................ 17 <br />6.01 Scope of Remedies .................................................... 17 <br />6.02 No Fault of Parties ..................................................... 17 <br />6.03 Fault ofAgencX ........................................................ 17 <br />6.04 Fault of Developer ..................................................... 18 <br />Article Seven: SPECIFIC REQUIREMENTS REGARDING REMEDIES ......................... 19 <br />7.01 Power of Termination ................................................... 19 <br />7.02 Construction Plans ..................................................... 20 <br />7.03 Rights of Mortgagees ................................................... 20 <br />PART FOUR: GENERAL PROVISIONS ................................................. 20 <br />Article One: GENERAL REQUIREMENTS AFTER CONSTRUCTION .......................... 20 <br />1.01 ~olicability ........................................................... 20 <br />1.02 Mandatory Language in All Subsequent Deeds, Leases and Contracts ............ 20 <br />1.03 Contents of Grant Deed ................................................. 21 <br />Article Two: SECURITY FINANCING AND RIGHTS OF HOLDERS ............................ 22 <br />2.01 No Encumbrances Except for Development Purposes .......................... 22 <br />2.02 Holder Not Obligated to Construct ......................................... 22 <br />2.03 Notice of Default and Right to Cure ............................... . ........ 22 <br />2.04 Failure of Holder to Complete Improvements ........................ . ........ 23 <br />2.05 Right of Agency to Cure ........................................ . ........ 23 <br />2.06 Holder to be Notified ................................................... 23 <br />2.07 Modifications to Agreement .............................................. 23 <br />