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81-205124 <br />3. Prior to the recordation by the Grantor, as provided in the <br />DDA, of a Certificate of Completion of Construction, the Grantee shall <br />not, except as permitted by the DDA, sell, transfer, convey, assign or <br />lease the whole or any part of the Property or the buildings or <br />structures on the Property without the prior approval of the Grantor, <br />which approval will not be unreasonably withheld by Grantor. This <br />prohibition shall not apply subsequent to the recordation of a <br />Certificate of Completion with respect to the improvements upon the <br />Property. This prohibition shall not be deemed to prevent granting of <br />easements or permits to facilitate the development of the Site or to <br />prohibit or restrict the leasing and occupancy of any part, or parts, <br />of a building or structure with respect to which a Certificate of <br />Completion has been issued by the Grantor. Nothing in this paragraph <br />prohibits the Grantee from leasing space for occupancy, subject to and <br />in accordance with the standards for tenants set forth in the Scope of <br />Development of the DDA. <br />Notwithstanding this Paragraph to the contrary, Grantee may sell, <br />transfer, convey, assign or lease the whole or any part of Parcels <br />Numbers one (1) and three (3) as described in Exhibit "A" including <br />any building or structure thereon prior to the recordation of a <br />Certificate of Completion. Grantor reserves the right to approve the <br />terms and conditions of such transfer or assignment and such approval <br />of the terms shall not be deemed to relieve Grantee or any other <br />parties from any obligations under the DDA with respect to said <br />parcels. <br />4. The Grantor shall have the additional right at its option to <br />repurchase, reenter and take possession of the Property with all <br />improvements thereon, if after conveyance of title and prior to the <br />recordation of the Certificate of Completion, the Grantee (or its <br />successor in interest) shall, in violation of the DDA but subject to <br />the provisions of Section 604 of the DDA: <br />(a) Fail to proceed with the construction of the <br />improvements as required by the DDA for a period of three months <br />after written notice thereof from the Grantor; or <br />(b) Abandon or substantially suspend construction of the <br />improvements for a period of three months after written notice of <br />such abandonment or suspension from the Grantor; or <br />(c) Transfer, or suffer any involuntary transfer of the <br />Property, or any part thereof, in violation of the DDA. <br />RECORDED IN OFFICIAL RECORDS <br />OF ALAMEDA COUNTY, CALIF. <br />RENE C. DAVIDSON, County Recorder <br />STERN TITLE GUARANTY <br />GcC - 9 1981 <br />AM PM <br />`Z A 9110111112111213141516 <br />4 <br />DOCUMENIARY IRANSFfR TAX V c - t_r)o <br />COMPUTED ON FULL VALUE OF PROPERTY CONVEYED, ON <br />COMPUTED ON FULL VALUE LESS LIENS & ENCUMBRANCES <br />REMAINING THEREON AT TIME OF SALE. <br />Si nature of declarant or agent determining faz-Firm nemi <br />CITY OF ,��� _ Unincorporaler <br />