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conditions set forth in this Section 1.10 and in Section 1.10.1. Not more than once per month, <br />Borrower shall submit to the City a written requisition for payment accompanied by invoices, <br />evidence of completion, and such additional documentation as City may reasonably require. The <br />aggregate amount of HOME Funds disbursed to Borrower pursuant to this Agreement shall not <br />exceed the amount of the Loan. <br />1.10.1 Conditions to Disbursement. City shall disburse HOME Funds in accordance <br />with Section 1.10 only following satisfaction of all of the following conditions: <br />(i) The conveyance of the Property to Borrower. <br />(ii) Borrower's execution and delivery to City of this Agreement, the Note, the <br />Deed of Trust, and the Regulatory Agreement. <br />(iii) Recordation of the Deed of Trust and the Regulatory Agreement in the <br />Official Records of Alameda County. <br />(iv) Borrower's delivery to City of evidence reasonably satisfactory to City that <br />there are no mechanics' liens or stop notices related to the Property or the Project, and Borrower's <br />provision to City of full or conditional waivers or releases of lien clams if required by City. <br />(v) The issuance by an insurer satisfactory to City of an A.L.T.A. lender's policy <br />of title insurance ("Title Policy") for the benefit of City in the amount of the Loan, insuring that the <br />lien of the Deed of Trust and the Regulatory Agreement are subject only to Deed of Trust and <br />Regulatory Agreement entered into, and such other exceptions to title as City shall reasonably <br />approve and containing such endorsements as City may reasonably require. <br />(vi) Borrower's delivery to the City of evidence of property and liability insurance <br />coverage and payment and performance bonds in accordance with the requirements set forth herein <br />and in the Regulatory Agreement. <br />(vii) Borrower's delivery to City of certified copies of Borrower's LP -1 and <br />partnership agreement, and certified copies of the formation documents for each of Borrower's <br />general partners, documentation of the managing general partner's tax-exempt status, and resolutions <br />authorizing Borrower's execution of and performance under this Agreement, the Note, the Deed of <br />Trust and the Regulatory Agreement. <br />(viii) No material adverse change, as determined by City in its reasonable judgment <br />shall have occurred in the condition of the Property or in the financial or other condition of Borrower <br />since the date of this Agreement. <br />(ix) Borrower's delivery to City of evidence reasonably satisfactory to City that <br />Borrower has obtained all necessary entitlements, permits (including without limitation building <br />permits), licenses, and approvals required to develop the Project, or that the receipt of such permits is <br />subject only to such conditions as City shall reasonably approve; <br />(x) City shall have approved the final plans and specifications for the Project; <br />2220130.1 Page 6 <br />