|
3. Grantee shall not, except as permitted by the DDA, sell, transfer, convey, assign or lease the
<br />whole or any part of the Property or the buildings or structures on the Property without the prior approval of
<br />Grantor, which approval will not be unreasonably withheld by Grantor. This prohibition shall not be
<br />deemed to prevent granting of easements or permits to facilitate the development of the Property.
<br />4. Prior to satisfaction of the conditions for issuance of a Certificate of Completion, Grantor shall
<br />have the additional right, at its option, to reenter and take possession of the Property with all improvements
<br />thereon, and revest in Grantor the estate theretofore conveyed to Grantee if after conveyance of title and
<br />prior to recordation of the Certificate of Completion, Grantee (or its successors in interest) shall:
<br />(A) The Developer fails to complete the construction of the Improvements, as defined
<br />in the DDA;
<br />(B) The Developer constructs or attempts to construct the Improvements in material
<br />deviation from the latest approved Construction Plans, as defined in the DDA;
<br />(C) The Developer voluntarily or involuntarily undertakes a transfer of the Site not
<br />permitted by the DDA;
<br />(D) The Developer breaches any other material provision of the DDA.
<br />Such right to reenter, repossess and revest, to the extent provided in this Grant Deed, shall be
<br />subordinate and subject to, and be limited by and shall not defeat, render invalid, or limit:
<br />(a) Any mortgage, deed of trust or other security instrument permitted by the DDA;
<br />(b) Any rights or interest provided in the DDA for the protection of the holder of such mortgages,
<br />deeds of trust or other security instruments.
<br />5. Grantee covenants by and for itself, and any successors in interest, that there shall be no
<br />discrimination against or segregation of any person, or group of persons, on account of sex, race, color,
<br />creed, religion, marital status, national origin or ancestry in the sale, lease, sublease, transfer, use,
<br />occupancy, tenure or enjoyment of the Property, nor shall Grantee itself or any person claiming under or
<br />through it establish or permit any such practice or practices of discrimination or segregation with reference
<br />to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees, or
<br />vendees of the Property. The foregoing covenants shall run with the land.
<br />All such deeds, leases or contracts shall contain or be subject to substantially the following
<br />nondiscrimination or nonsegregation clauses:
<br />(a) In deeds: "Grantee herein covenants by and for itself. its successors and assigns, and all
<br />persons claiming under or through it, that there shall be no discrimination against or segregation of
<br />a person, or of a group of persons, on account of race, color, religion, creed, sex, marital status,
<br />Grant Deed Page 2
<br />1948 Davis Street
<br />
|