Covenant Benefits. The Owner hereby further declares its understanding and intent that the benefits of such covenants and equitable servitudes touch and concern the land of the Project, and the Project as a whole, by enhancing and increasing the enjoyment and use of the Project by Residents, intended beneficiaries (in addition to OHCS) of such covenants, reservations and restrictions, and by furthering the public purposes for which the Loan was issued.
Covenant Benefits. Borrower hereby further declares its understanding and intent that the benefits of such covenants and equitable servitudes touch and concern the Property, by enhancing and increasing the enjoyment and use of the Project by the Homeowners and other intended beneficiaries (in addition to OHCS) of such covenants, reservations and restrictions, but not as an encumbrance on the Homes or a Homeowner’s leasehold interest in a Homeowner Lease, and by furthering the public purposes for which the Loan was issued.
