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4.13 Construction Bonds 9 <br /> Article Five: CHANGES IN DEVELOPER 9 <br /> 5.01 Identity of Developer 9 <br /> 5.02 Changes Only Pursuant To This Agreement 10 <br /> 5.03 Prohibition Against Transfer of Property and Assignment of Agreement 10 <br /> Article Six: GENERAL REMEDIES DURING DEVELOPMENT 10 <br /> 6.01 Scope of Remedies 10 <br /> 6.02 No Fault of Parties. 11 <br /> 6.03 Fault of Agency. 11 <br /> 6.04 Fault of Developer 11 <br /> Article Seven: SPECIFIC REQUIREMENTS REGARDING REMEDIES 13 <br /> 7.01 Right of Reverter. 13 <br /> 7.02 Construction Plans. 13 <br /> 7.03 Rights of Mortgagees. 13 <br /> 7.04 Liquidated Damages for Violation of Development Scheduling 14 <br /> PART TWO: GENERAL PROVISIONS 14 <br /> Article One: GENERAL REQUIREMENTS AFTER CONSTRUCTION 14 <br /> 1.01 Applicability. 14 <br /> 1.02 Operating Covenant 14 <br /> 1.03 Mandatory Language in All Subsequent Deeds, Leases and Contracts 14 <br /> 1.04 Contents of Grant Deed. 15 <br /> Article Two: SECURITY FINANCING AND RIGHTS OF HOLDERS 15 <br /> 2.01 No Encumbrances Except for Development Purposes 15 <br /> 2.02 Holder Not Obligated to Construct 16 <br /> 2.03 Notice of Default and Right to Cure. 16 <br /> 2.04 Failure of Holder to Complete Improvements. 16 <br /> 2.05 Right of Agency to Cure. 17 <br /> 2.06 Holder to be Notified. 17 <br /> 2.07 Modifications to Agreement 17 <br /> Article Three: GENERAL PROVISIONS 17 <br /> 3.01 Notices, Demands and Communications. 17 <br /> 3.02 Conflict of Interests. 18 <br /> 3.03 Non - Liability of Agency Officials, Employees and Agents. 18 <br /> 3.04 Enforced Delay. t <br /> 3.05 Inspection of Books and Records. 19 <br /> 3.06 Provision Not Merged With Deeds 19 <br /> Disposition and Development Page ii of iii <br /> Agreement <br /> 441 <br />