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TABLE OF CONTENTS CONT. <br />4.11 Construction Bonds <br />PAGE <br />................................24 <br />Article Five: CHANGES IN DEVELOPER ......................... 24 <br />5.01 Identity of Developer. ....... 24 <br />5.02 Changes Only Pursuant To This Agreement ............... 24 <br />5.03 Prohibition Against Transfer of Propertv and Assignment of <br />Agreement.........................................25 <br />5.04 Exception to Prohibition Against Transfer . ............... 26 <br />Article Six: DEFAULT ......................................... 26 <br />6.01 Scope of Remedies . ................................. 26 <br />6.02 No Fault of Parties . ................................. 26 <br />6.03 Fault of Agency ..................................... 27 <br />6.04 Fault of Developer . ................................. 28 <br />Article Seven: SPECIFIC REQUIREMENTS REGARDING REMEDIES .. 30 <br />7.01 Right of Reverter .................................... 30 <br />7.02 Construction Plans . ................................. 30 <br />7.03 Rights of Mortgagees . ............................... 31 <br />Article Eight: GENERAL REQUIREMENTS AFTER CONSTRUCTION . 31 <br />8.01 Applicability.......................................31 <br />8.02 Mandatory Language in All Subsequent Deeds Leases and <br />Contracts.........................................31 <br />8.03 Contents of Grant Deed . ............................. 33 <br />Article Nine: SECURITY FINANCING AND RIGHTS OF HOLDERS ... 33 <br />9.01 No Encumbrances Except for Development Purposes. ....... 33 <br />9.02 Holder Not Obligated to Construct . .................... 33 <br />9.03 Notice of Default and Right to Cure ..................... 34 <br />9.04 Failure of Holder to Complete Improvements .............. 34 <br />9.05 Holder to be Notified . ............................... 35 <br />Article Ten: GENERAL PROVISIONS ............................ 35 <br />10.01 Notices, Demands and Communications . ................ 35 <br />10.02 Conflict of Interests . ................................ 36 <br />10.03 Non -Liability of Agency Officials Employees and Agents..... 36 <br />10.04 Enforced Delay ..................................... 36 <br />10.05 Inspection of Books and Records . ...................... 37 <br />10.06 Provision Not Merged With Deeds ...................... 37 <br />u <br />