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2014-555 Housing - EmPOWERment, Inc. for HOME Investment Partnership Program - Development Agreement $110,131
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2014-555 Housing - EmPOWERment, Inc. for HOME Investment Partnership Program - Development Agreement $110,131
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1/21/2015 8:14:55 AM
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12/15/2014 3:41:46 PM
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12/15/2014
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Agreement
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R 2014-555 Housing - EmPOWERment, Inc. for HOME Investment Partnership Program - Development Agreement $110,131
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e <br /> any amendment or modification of this Declaration and such amendment or modification shall be <br /> binding on third parties granted rights under this Declaration. <br /> D. Owner acknowledges that the primary purpose for requiring compliance by Owner with <br /> restrictions provided in this Declaration is to assure compliance with the affordability <br /> requirements of Orange County and the Orange County Home Investment Partnership Program, <br /> AND BY REASON THEREOF, OWNER IN CONSIDERATION FOR RECEIVING ORANGE <br /> COUNTY HOME INVESTMENT PARTNERSHIP PROGRAM FUNDS FOR THE <br /> PROPERTY HEREBY AGREES AND CONSENTS THAT ORANGE COUNTY SHALL BE <br /> ENTITLED, FOR ANY BREACH OF THE PROVISIONS HEREIN, AND IN ADDITION TO <br /> ALL OTHER REMEDIES PROVIDED BY LAW OR IN EQUITY, TO ENFORCE BY <br /> SPECIFIC PERFORMANCE OWNER'S OBLIGATIONS UNDER THIS DECLARATION IN <br /> A STATE COURT OF COMPETENT JURISDICTION, WITH VENUE IN ORANGE <br /> COUNTY. Owner hereby further specifically acknowledges that the beneficiaries of Owner's <br /> obligations hereunder cannot be adequately compensated by monetary damages in the event of <br /> any default hereunder. <br /> E. This Declaration may be enforced by Orange County or its designee in the event Owner <br /> fails to satisfy any of the requirements of this Declaration by proceedings at law or in equity <br /> against any person or persons violating or attempting to violate any covenant. If legal costs are <br /> incurred by Orange County, such legal costs, including attorney fees and court costs (including <br /> costs of appeal), are the responsibility of, and may be recovered from the Owner. <br /> SECTION 6 MISCELLANEOUS <br /> a. Severability. The invalidity of any clause,part, or provision of this Declaration shall not <br /> affect the validity of the remaining portions thereof. <br /> b. Notices. Any Notice shall be in writing and shall be given by depositing the same in <br /> the United States mail, post-paid and registered or certified, and addressed to the party to be <br /> notified, with return-receipt requested, or by delivering the same in person to an officer or <br /> principal of such party. Notice deposited in the mail in the manner hereinabove described shall <br /> be effective upon mailing. For purposes of Notice, the addresses of the parties shall, unless <br /> changed as hereinafter provided,be as follows: <br /> i. To Orange County: Orange County <br /> c/o Housing/Human Rights and Community <br /> Development Department <br /> P.O. Box 8181 <br /> Hillsborough, NC 27278 <br /> ATTN: Director <br /> it. To : EmPOWERment, Inc.: EmPOWERment, Inc., Inc <br /> 109 N. Graham Street <br /> Chapel Hill,NC 27516 <br /> Declaration of Restrictive Covenants <br /> Page 6 <br />
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