Use of Mortgaged Property. (a) Unless required by applicable law, without the prior written consent of Lender, Borrower will not take any of the following actions:
(i) Allow changes in the use for which all or any part of the Mortgaged Property is being used at the time this Loan Agreement is executed.
(ii) Convert any individual dwelling units or common areas to commercial use.
(iii) Initiate a change in the zoning classification of the Mortgaged Property or acquiesce to a change in the zoning classification of the Mortgaged Property.
(iv) Establish any condominium or cooperative regime with respect to the Mortgaged Property beyond any which may be in existence on the date of this Loan Agreement.
(v) Combine all or any part of the Mortgaged Property with all or any part of a tax parcel which is not part of the Mortgaged Property.
(vi) Subdivide or otherwise split any tax parcel constituting all or any part of the Mortgaged Property.
(vii) Add to or change any location at which any of the Mortgaged Property is stored, held or located unless Borrower (A) gives Notice to Lender within 30 days after the occurrence of such addition or change, (B) executes and delivers to Lender any modifications of or supplements to this Loan Agreement that Lender may require, and (C) authorizes the filing of any financing statement which may be filed in connection with this Loan Agreement, as Lender may require.
(viii) Convert, in whole or in part, any non-residential income producing units to non-income producing units.
Use of Mortgaged Property. Mortgagor shall not initiate, join in, acquiesce in, or consent to any change in any private restrictive covenant, zoning law or other public or private restriction, limiting or defining the uses which may be made of the Mortgaged Property or any part thereof, nor shall Mortgagor initiate, join in, acquiesce in, or consent to any zoning change or zoning matter affecting the Mortgaged Property, which in any of the foregoing cases could reasonably be expected to result in a Material Adverse Effect. If under applicable zoning provisions the use of all or any portion of the Mortgaged Property is or shall become a nonconforming use, Mortgagor will not cause or permit such nonconforming use to be discontinued or abandoned without the express written consent of Mortgagee, which consent shall not be unreasonably withheld. Mortgagor shall not permit or suffer to occur any waste on or to the Mortgaged Property or to any portion thereof and shall not take any steps whatsoever to convert the Mortgaged Property, or any portion thereof, to a condominium or cooperative form of management. Mortgagor will not install or permit to be installed on the Premises any underground storage tank or above-ground storage tank in violation of the Environmental Laws.
Use of Mortgaged Property. Mortgagor shall use, and permit others to use, the Mortgaged Property only for uses permitted under applicable laws.
Use of Mortgaged Property. (a) Unless required by applicable law, without the prior consent of Funding Lender, Borrower will not take any of the following actions:
(i) Allow changes in the use for which all or any part of the Mortgaged Property is being used at the time this Continuing Covenant Agreement is executed.
(ii) Convert any individual dwelling units or common areas to commercial use.
(iii) Initiate a change in the zoning classification of the Mortgaged Property or acquiesce to a change in the zoning classification of the Mortgaged Property.
(iv) Establish any condominium or cooperative regime with respect to the Mortgaged Property beyond any which may be in existence on the date of this Continuing Covenant Agreement.
(v) Combine all or any part of the Mortgaged Property with all or any part of a tax parcel which is not part of the Mortgaged Property.
(vi) Subdivide or otherwise split any tax parcel constituting all or any part of the Mortgaged Property.
(vii) Add to or change any location at which any of the Mortgaged Property is stored, held or located unless Borrower (A) gives Notice to Funding Lender within 30 days after the occurrence of such addition or change, (B) executes and delivers to Funding Lender any modifications of or supplements to this Continuing Covenant Agreement that Funding Lender may require, and (C) authorizes the filing of any financing statement which may be filed in connection with this Continuing Covenant Agreement, as Funding Lender may require.
(viii) Convert, in whole or in part, any non-residential income producing units to non-income producing units.
Use of Mortgaged Property. Unless required by applicable law, without the prior written consent of Lender, Borrower will not take any of the following actions:
(a) Allow changes in the use for which all or any part of the Mortgaged Property is being used as of the Effective Date.
(b) Initiate or acquiesce to a change in the zoning classification of the Mortgaged Property.
(c) Establish any condominium or cooperative regime with respect to the Mortgaged Property beyond any that may be in existence on the Effective Date.
(d) Combine all or any part of the Mortgaged Property with all or any part of a tax parcel which is not part of the Mortgaged Property.
(e) Subdivide or otherwise split any tax parcel constituting all or any part of the Mortgaged Property.
(f) Add to or change any location at which any of the Mortgaged Property is stored, held or located unless Borrower (A) gives Notice to Lender within 30 days after the occurrence of such addition or change, (B) executes and delivers to Lender any modifications of or supplements to this Loan Agreement that Lender may require, and (C) authorizes the filing of any financing statement or amendment which may be filed in connection with this Loan Agreement, as Lender may require.
Use of Mortgaged Property. The Mortgaged Property is not used for agricultural, timber or grazing purposes.
Use of Mortgaged Property. Substantially or materially change the use or character of any portion of the Mortgaged Property, permit any excavation, construction, site work or other lienable work to be performed on any portion of the Mortgaged Property, initiate or acquiesce in any zoning variation or reclassification of any portion of the Mortgaged Property or commit or suffer any waste to exist on any portion of the Mortgaged Property.
Use of Mortgaged Property. Each Mortgaged Property consists solely of the structures described on Schedule 3.3.18 attached hereto and related operations, and is used only for legally permitted purposes.
Use of Mortgaged Property. Trustor shall not use the ------------------------- Mortgaged Property or any part thereof, or allow the same to be used or occupied, for any purpose other than for a residential subdivision, or for any unlawful purpose, or in violation of any certificate of occupancy or other permit or certificate, or any law, ordinance or regulation, covering or affecting the use or occupancy thereof. Trustor will not suffer any act to be done or any condition to exist on the Mortgaged Property or any part thereof or any article to be brought thereon, which may be dangerous (unless safeguarded as required by law) or which may constitute a nuisance, public or private, or which may void or make voidable any insurance then in force with respect thereto.
Use of Mortgaged Property. Grantor shall at all times operate the Mortgaged Property for is Intended Use in accordance with the requirements of the Operating Agreement.
