Deed - E 14th StWashington Ave - File 1120, 1981 pt1

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81--205118 deed, Exhibit "B" hereof (which is incorporated herein by this reference) , and the DDA for the periods of time specified therein. The foregoing covenant shall run with the land. 3. Prior to the recordation by the Grantor, as provided in the DDA, of a Certificate of Completion of Construction, the Grantee shall not, except as permitted by the DDA, sell, transfer, convey, assign or lease the whole or any part of the Property or the buildings or structures on the Property without the prior approval of the Grantor, which approval will not be unreasonably withheld by Grantor. This prohibition shall not apply subsequent to the recordation of a Certificate of Completion with respect to the improvements upon the Property. This prohibition shall not be deemed to prevent granting of easements or permits to facilitate the development of the Property or to prohibit or restrict the leasing and occupancy of any part, or parts, of a building or structure with respect to which a Certificate of Completion has been issued by the Grantor. Nothing in this paragraph prohibits the Grantee from leasing space for occupancy, subject to and in accordance with the standards for tenants set forth in the Scope of Development of the DDA. 4. The Grantor shall have the additional right at its option to repurchase, reenter and take possession of the Property with all improvements thereon, if after conveyance of title and prior to the recordation of the Certificate of Completion, the Grantee (or its successor in interest) shall, in violation of the DDA but subject to the provisions of Section 604 of the DDA: (a) Fail to proceed with the construction of the improvements as required by the DDA for a continuous period of three months after written notice thereof from the Grantor; or (b) Abandon or substantially suspend construction of the improvements for a continuous period of three months after written notice of such abandonment or suspension from the Grantor; or (c) Transfer, or suffer any involuntary transfer of the Property, or any part thereof, in violation of the DDA. Such right to repurchase, reenter and repossess, to the extent provided in the DDA, shall be subordinate and subject to, and be limited by and shall not defeat, render invalid, or limit: