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All of the restrictions, covenants and limitations set forth
<br /> herein will run with the land and will be binding on all parties
<br /> having or acquiring any right, title or interest in the Property
<br /> described above or any part thereof, and to any improvements
<br /> located thereon, and will enure to the benefit of the Agency and
<br /> its successors in interest . Each grantee of a conveyance or
<br /> purchaser under a contract or agreement of sale covering any
<br /> right, title or interest in any part of the Property, by
<br /> accepting a deed or a contract of sale or agreement of purchase,
<br /> accepts the document subject to, and agrees to be bound by, any
<br /> and all of the restrictions, covenants and limitations set forth
<br /> in this Grant Deed.
<br /> 3 . Capitalized Terms. All capitalized terms not
<br /> otherwise defined herein shall have the same meaning ascribed to
<br /> them by the Agreement, unless the context clearly indicates a
<br /> different meaning.
<br /> 4 . The Grantee covenants by and for itself, its
<br /> heirs, executors, administrators and assigns, and all persons
<br /> claiming under or through them, that the Property be reserved for
<br /> use as affordable housing, shall be devoted to housing for
<br /> persons or families with very low incomes, as defined by the
<br /> Health and Safety Code, and with costs to be at an affordable
<br /> housing cost (as such term is defined in Health and Safety Code
<br /> Section 50052 .5) .
<br /> 5 . Grantee covenants and agrees for itself, its
<br /> successors, its assigns, and every successor in interest to the
<br /> Property, or any part thereof, that Grantee, such successors and
<br /> such assigns shall refrain from restricting the sale, lease,
<br /> sublease, rental, transfer, use, occupancy, tenure or enjoyment
<br /> of the Property (or any part thereof) on the basis of sex,
<br /> marital status, race, color, religion, ancestry, national origin,
<br /> physical handicap, sexual orientation or domestic partnership
<br /> status of any person. All deeds, leases or contracts pertaining
<br /> thereto shall contain or be subject to substantially the
<br /> following nondiscrimination or nonsegregation clauses :
<br /> a. In deeds : "The grantee herein covenants by and
<br /> for itself, its successors and assigns, and all persons claiming
<br /> under or through them, that there shall be no discrimination
<br /> against or segregation of, any person or group of persons on
<br /> account of sex, marital status, race, color, religion, ancestry,
<br /> national origin, physical handicap, sexual orientation or
<br /> domestic partnership status in the sale, lease, sublease,
<br /> transfer, use, occupancy, tenure, or enjoyment of the premises
<br /> REDW\0006\DOC\013-7
<br /> E - 2 1\11\08 940 law
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