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foregoing, Owner agrees to maintain the Project and the Owner's interest in the <br /> Property (including without limitation, the residential units, common areas, meeting <br /> rooms, landscaping, driveways, parking areas and walkways) in a condition free of all <br /> waste, nuisance, debris, unmaintained landscaping, graffiti, disrepair, abandoned <br /> vehicles/appliances, and illegal activity, and shall take all reasonable steps to prevent <br /> the same from occurring on the Owner's interest in the Property or at the Project. <br /> Owner shall prevent and/or rectify any physical deterioration of the Owner's interest in <br /> the Property and the Project and shall make all repairs, renewals and replacements <br /> necessary to keep the Owner's interest in the Property and the improvements located <br /> thereon in good condition and repair. Owner shall provide adequate security for <br /> occupants of the Project. <br /> • <br /> 6.3.1 City'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 City (with respect to graffiti, debris, <br /> and waste material) or thirty (30) days after written notice from City (with respect to <br /> landscaping, building.improvements and general maintenance), then City, in addition to <br /> any other remedy it may have under this Agreement or at law or in equity, shall have <br /> the right, but not the obligation, with prior notice to Owner, to enter upon the Owner's <br /> interest in the Property and perform all acts and work necessary to protect, maintain, <br /> and preserve the improvements and the landscaped areas on the Owner's interest in <br /> the Property. All costs expended by City in connection with the foregoing, shall <br /> constitute an indebtedness secured by the Deed of Trust, and shall be paid by Owner <br /> • to City upon demand. All such sums remaining unpaid thirty (30) days following <br /> delivery of City's invoice therefor shall bear interest at the lesser of 10% per annum or <br /> the highest rate permitted by applicable law. Notwithstanding anything to the contrary <br /> set forth in this Section, City agrees that it will provide Owner with not less than thirty <br /> (30) days' written notice prior to undertaking any work for which Owner will incur a <br /> 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 City <br /> review and approval, a plan for marketing and managing the Owner's interest in the <br /> Property ("Marketing and Management Plan" or "Plan"). The Marketing and <br /> Management Plan shall address in detail how Owner plans to market the Restricted <br /> Units to prospective Eligible Households in accordance with fair housing laws and this <br /> Agreement, Owner's tenant selection criteria, and how Owner plans to certify the <br /> eligibility of Eligible Households. The Plan shall also describe the management team • <br /> and shall address how the Owner and the management entity plan to manage and <br /> maintain the Owner's interest in the Property and the Project. The Plan shall include <br /> the proposed management agreement and the form of rental agreement that Owner <br /> proposes to enter into with Project tenants. Owner shall abide by the terms of the <br /> Marketing and Management Plan in marketing, managing, and maintaining the Owner's <br /> interest in the Property and the Project, and throughout the term of this Agreement, <br /> shall submit proposed modifications to City for review and approval. <br /> 18 6.508182.2.5m339451.3 11 <br />