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ATTY/RESO.0053/CC RESO AMENDING AFFORDABLE HOUSING PRESERVATION PROGRAM – EXHIBIT B <br />REV: 08-19-24 LF <br />Page ii of 86 <br />404. Relocation ............................................................................................................ 14 <br />405. Replacement Reserve Account ............................................................................ 14 <br />406. Operating Reserve Account ................................................................................. 14 <br />407. City Monitoring Fee ............................................................................................. 14 <br />408. Notices to City ..................................................................................................... 14 <br />409. Insurance .............................................................................................................. 15 <br />410. Indemnity. ............................................................................................................ 15 <br />410.1 Borrower Indemnity Obligations. .......................................................... 15 <br />410.2 Independence of Insurance Obligations ................................................ 16 <br />410.3 Survival of Indemnification and Defense Obligations .......................... 16 <br />410.4 Indemnification Procedures ................................................................... 16 <br />411. Financial Statements and Reports ........................................................................ 17 <br />412. Books and Records .............................................................................................. 17 <br />413. Compliance .......................................................................................................... 17 <br />500. REHABILITATION ........................................................................................................ 17 <br />501. Covenant to Complete the Rehabilitation Work .................................................. 17 <br />502. Cost of Rehabilitation Work ................................................................................ 17 <br />600. USE AND MAINTENANCE OF THE PROPERTY; NONDISCRIMINATION; <br />RIGHTS OF SECURITY FINANCING HOLDERS ...................................................... 18 <br />601. Restrictive Covenants .......................................................................................... 18 <br />602. Maintenance of the Property ................................................................................ 18 <br />603. Obligation to Refrain from Discrimination.......................................................... 18 <br />604. Form of Nondiscrimination and Nonsegregation Clause ..................................... 18 <br />605. Rights of Access. ................................................................................................. 19 <br />606. Effect and Duration of Covenants ........................................................................ 19 <br />700. DEFAULTS AND REMEDIES ...................................................................................... 19 <br />701. Default.................................................................................................................. 19 <br />702. Remedies. ............................................................................................................. 20 <br />702.1 City ........................................................................................................ 20 <br />702.2 Borrower ................................................................................................ 20 <br />703. Rights and Remedies Cumulative ........................................................................ 20 <br />800. GENERAL PROVISIONS .............................................................................................. 20 <br />801. Notices ................................................................................................................. 20 <br />802. Applicable Law .................................................................................................... 21 <br />803. Enforced Delay; Extension of Times for Performance ........................................ 21 <br />804. Transfers of Interest in Property or Agreement ................................................... 22 <br />804.1 Prohibition ............................................................................................. 22 <br />804.2 Permitted Transfers ............................................................................... 22 <br />805. Relationship Between City and Borrower ........................................................... 22 <br />806. City Approvals and Actions ................................................................................. 22 <br />6.M. - Page 27 of 110 <br />483