Deed Restrictions. The Recipient shall record the Deed Restrictions together with the deed. The Recipient agrees that the Deed Restrictions shall be perpetual and shall not be amended, released, extinguished or otherwise modified without the prior written approval of the Director, at the Director's sole and absolute discretion, who shall have full enforcement authority with respect to the Deed Restrictions. If any amendment, release, extinguishment or other modification of the Deed Restrictions should occur without the prior written approval of the Director, the Recipient or its successors and assigns as owner of the Land or interest therein, shall pay to the OPWC upon demand from the Director the following: 1) all grant funds disbursed under this Agreement; and 2) liquidated damages equal to one hundred percent (100%) of the Funds disbursed by the OPWC for the Project together with interest accruing at a rate equal to six percent (6%) per annum from the date of Recipient's receipt of the grant.
Deed Restrictions. The Recipient shall record the Deed Restrictions together with the deed. The Recipient agrees that the Deed Restrictions shall be perpetual and shall not be amended, released, extinguished or otherwise modified without the prior written approval of the Director, at the Director's sole and absolute discretion, who shall have full enforcement authority with respect to the Deed Restrictions. If any amendment, release, extinguishment or other modification of the Deed Restrictions should occur without the prior written approval of the Director, the Recipient or its successors and assigns as owner of the Land or interest therein, shall pay to the OPWC upon demand from the Director the following: 1) all grant funds disbursed under this Agreement; and 2) liquidated damages equal to one hundred percent (100%) of the Funds disbursed by the OPWC for the Project.
Deed Restrictions. By signing this Lease, Xxxxxx confirms that they have been given a copy of the subdivision deed restrictions. Xxxxxx further agrees to abide by the subdivision deed restrictions. Landlord will notify Tenant of a violation of any deed restriction and Tenant will have 14 days from notification to correct all violations. Failure to do so constitutes an act of default of this Lease and is grounds for the termination of the tenancy.
Deed Restrictions. Unless prohibited by the context in which they are used, the following words, when used in these restrictions, shall have the following meanings:
Deed Restrictions. Developer agrees that all restrictive covenants for the Project shall reinforce the provisions of this section and be applied to all builders and subsequent buyers and shall be appropriately drafted and filed to effectuate this intent and Agreement.
Deed Restrictions. Pursuant to Massachusetts General Laws Chapter 44B, § 12 every project that involves the acquisition of any interest in real property with CPA funds, in whole or in part, shall be bound by a permanent deed restriction that meets the requirements of M.G.L. c. 184, limiting the use of the interest to the purpose for which it was acquired. Where applicable, Recipient agrees to the imposition of such deed restriction in a form acceptable to the CPC.
Deed Restrictions. (a) The Property shall not be used as a sexually oriented business, car wash, fast food restaurant, retail grocery store, retail convenience grocery store, or for the sale of items commonly sold in a convenience store, including, but not limited to, candy, chips, snacks, coffee, soda and other carbonated beverages, or for the sale of tobacco products, beer, wine, liquor, spirits, pornographic or sexually explicit materials or drug paraphernalia, or for the retail sale of motor fuels; and
(b) Buyer shall present to Seller all signage plans for Seller’s approval as to size, shape, height and location for any signage to be placed on the Property as long as there is a QuikTrip convenience store adjacent to the Property; and
(c) Buyer shall present to Seller all site plans and architectural design plans, including, but not limited to, building set backs, grading plans, and landscaping plans for Seller’s approval as long as there is a QuikTrip convenience store adjacent to the Property. Seller’s right of approval shall include, but not be limited to, insuring clear visibility to the QuikTrip convenience store and insuring that Buyer’s development will not cause drainage problems or grade problems for the QuikTrip convenience store; and
(d) Prior to submitting any plans to any applicable governmental jurisdiction, Buyer shall present to Seller two copies of documentation concerning signage, site plans, grading plans, landscaping plans and architectural designs in a form for Seller to review and approve or disapprove. Within thirty (30) days from the date of receipt of any of the above, Seller shall deliver to Buyer its written approval or disapproval of the same. Approval shall not be unreasonably withheld or delayed. If Seller does not respond within thirty (30) days after receipt of such documentation, approval shall be deemed denied.
Deed Restrictions. Attainable Units will be subject to permanent deed restrictions or other binding affordability restrictions that run with the land and require transfer of the Attainable Units to another income qualified household for a maximum sales price in a form agreed upon by the City of Flagstaff Housing Director or designee (“Deed Restrictions”). Prior to the conveyance of an Attainable Unit from Developer to a third party purchaser (“Initial Sale”), Deed Restrictions for the particular Attainable Unit incorporating the requirements of this Agreement and will be recorded by Developer in the official records of Coconino County.
Deed Restrictions. (a.) The Deed shall contain a “declaration of condition subsequent” imposing the following restrictions on the Purchase of the Property, which restrictions shall run with the land and is binding on the Purchaser and subsequent owners for the time limits prescribed:
(i) The Grantee of any subsequent Purchaser/Assignee shall pay all tax obligations due on the date the Deed is issued and shall keep current payment on all tax obligations for the two years following the date the Deed was issued.
(ii) The Grantee or any subsequent Purchaser/Assignee shall either demolish the Property within six months following the date of the Deed or maintain and secure the Property for two years following the date of the Deed from Grantor in accordance with local building, health and public safety ordinances.
(iii) The Grantee shall obtain a Certificate of Occupancy in accordance with the municipality’s building, health and public safety ordinances within six months following the date of the Deed.
(iv) The Grantee or any subsequent Purchaser shall occupy the Property as a principal residence for a minimum of two years following the date of issuance of a Certificate of Occupancy from the municipality.
(v) Failure of the Grantee or subsequent Purchaser/Assignee to comply with the above sections (i) through (iv) above or to cure the default within 30 days of written notice may result in a reversion of the title of the Property to the Wayne County Treasurer, or assigned to the County of Wayne, City or Township where the property is located, at the discretion of the Wayne County Treasurer. The Right of Reversion of title shall reinstate fee simple absolute title to the Wayne County Treasurer or its assignee within 30 days of failure to cure default, unless extended at the Wayne County Treasurer’s sole discretion. Written notice of default and failure to cure default addressed to the Grantee and mailed to the Grantee’s address as written on the Deed shall be notice to any subsequent Purchaser/Assignee, unless a copy of the Property Transfer Affidavit (PTA) that was filed with the City of Melvindale Assessor and which includes any change of mailing address is hand delivered to and signed as received by the Wayne County Treasurer or designated representative. DURING THE TAX YEARS THAT THE CONDITIONS SUBSEQUENT APPLY, THIS PROPERTY SHALL NOT BE SOLD, CONVEYED OR TRANSFERRED UNLESS ALL TAXES ARE PAID IN FULL. VIOLATORS SHALL BE PERSONALLY LIABLE TO PURCHASER AND/OR THE GRANTOR FOR DAMAG...
Deed Restrictions. A. A Financial Guarantee approved by the City Attorney in the full amount of all non- assessable improvements not yet installed and approved as of the date of this Agreement shall be submitted to the City before any permits are issued.
B. The time of completion of improvements.
1. The Subdivider shall take all action necessary so as to have all the improvements specified in this Agreement installed and approved by the City before two years from the date of this agreement.
2. Should the Subdivider fail to take said action by said date, it is agreed that the City, at its option and at the expense of the Subdivider, may cause the installation of or the correction of any deficiencies in said improvements.
