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(b) In Leases:
<br />"The lessee herein covenants by and for the lessee and lessee's heirs, personal
<br />representatives and assigns, and all persons claiming under the lessee or through the lessee, that this
<br />lease is made subject to the condition that there shall be no discrimination against or segregation of
<br />any person or of a group of persons on account of race, color, religion, creed, sex, marital status,
<br />ancestry, or national origin in the leasing, subleasing, transferring, use, occupancy, tenure or
<br />enjoyment of the land herein leased nor shall the lessee or any person claiming under or through the
<br />lessee establish or permit any such practice or practices of discrimination or segregation with
<br />reference to the selection, location, number, use or occupancy of tenants, lessees, sublessees,
<br />subtenants, or vendees in the land herein leased."
<br />(c) In Contracts:
<br />"There shall be no discrimination against or segregation of any person or
<br />group of persons on account of race, color, religion, creed, sex, marital status, ancestry or national
<br />origin in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the property nor
<br />shall the transferee or any person claiming under or through the transferee establish or permit any
<br />such practice or practices of discrimination or segregation with reference to selection, location,
<br />number, use or occupancy of tenants, lessee, subtenants, sublessees or vendees of the land."
<br />8.03 Contents of Deed.
<br />The Agency Deed shall contain the covenants set forth in Section 8.02 of this
<br />Agreement and Exhibit C hereto and such conditions of approval imposed by the City as are required
<br />to be contained in the Agency Deed.
<br />ARTICLE NINE: SECURITY FINANCING AND RIGHTS OF HOLDERS
<br />9.01 No Encumbrances Except for Development Purposes.
<br />Notwithstanding any other provision of this Agreement, mortgages and deeds of trust,
<br />or any other reasonable method of security (including assignment of leases or ground leases to a
<br />lender as security for a loan), are permitted to be placed upon the Property before the Certificate of
<br />Completion has been issued by the Agency, but only for the purpose of securing loans of funds to be
<br />used for financing the acquisition of the Property and/or the design, and construction of Phase 1
<br />Improvements and any other expenditures reasonably necessary and appropriate to develop the
<br />Property under this Agreement. The Developer shall promptly notify the Agency of any mortgage,
<br />deed of trust, sale and lease -back or other financing, conveyance, encumbrance or lien that has been
<br />or will be created or attached to the Property. The words "mortgage" and "deed of trust" as used
<br />herein include all other appropriate modes of financing acquisition, construction, and development of
<br />the Property or any portion thereof.
<br />9.02 Holder Not Obligated to Construct.
<br />The holder of any mortgage, deed of trust or other security interest authorized by this
<br />Agreement is not obligated to construct or complete any improvement or to guarantee such
<br />construction or completion; nor shall any covenant or any other provision in conveyances from the
<br />Agency to Developer evidencing the realty comprising the Property or any part thereof be construed
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