Orange County NC Website
Browse       Search
increase to the Total Renovation Cost specified in the above budget, and there are only minor <br />changes to the Plans and Specifications. <br />The value of rehabilitation work done pursuant to the PROJECT for each RESIDENCE shall be <br />considered as a grant to the OWNER with the following condition: OWNER must maintain said <br />property and its grounds and equipment according to applicable Housing Quality Standards <br />(HQS) and all local and State codes and ordinances and must carry appropriate fire and hazard <br />insurance thereon. The OWNER shall provide and file a certificate of said coverage with the <br />COUNTY, the proceeds of which, in the event said structure shall be destroyed or damaged by <br />fire or other casualty, shall be used for reconstruction of said structure upon the said real estate. <br />21 <br />