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ATTY/RESO.0020/CC RESO APPROVING AMENDMENTS TO HPP GUIDELINES – EXHIBIT B REV: 05-04-26 LF Page 18 of 86 302.11 Disclosure of Information. All material information concerning the Property known to Borrower, or that should have been known to Borrower in the exercise of reasonable care, has been disclosed to City. There are no facts or information known to Borrower, or that should have been known to Borrower in the exercise of reasonable care, that would make any of the information furnished to City by Borrower inaccurate, incomplete, or misleading in any material respect. 302.12 No Condemnation. No condemnation proceeding or moratorium is pending or threatened against the Property or any portion thereof that would impair the use, occupancy or full operation of the Property in any manner whatsoever. 302.13 Eligible Costs. The proceeds of the Loan shall be used only for the acquisition of the Property. 302.14 FIRPTA. Borrower is not a “Foreign Person” within the meaning of FIRPTA, or is exempt from the provisions of FIRPTA, and Borrower has complied and will comply with all of the requirements under FIRPTA. 400. COVENANTS OF BORROWER 401. Borrower’s Financing. In addition to the Loan provided for herein, the Borrower has secured or will secure financing from [Insert Name of Senior Lender—if multiple lenders, repeat for each lender] in the amount of [______________ Dollars ($__________)] (the “Senior Loan”) for the purpose of financing the acquisition of and minor rehabilitation the Property (the “Additional Borrower Financing”). 402. Rehabilitation Work. Within _____ days following Close of Escrow, Borrower shall complete the Rehabilitation Work in accordance with the provisions of this Agreement (including the Scope of Rehabilitation) and in a good and worker-like manner in accordance with sound building practices as well as all Governmental Requirements. Borrower shall comply with all existing and future Governmental Requirements and other laws, regulations, orders, building codes, restrictions and requirements of, and all agreements with and commitments to, all governmental, judicial or legal authorities having jurisdiction over the Property, including those pertaining to the construction of the Rehabilitation Work, and with all recorded covenants and restrictions affecting the Property. Borrower shall ensure that no existing tenants are required to be temporarily or permanently relocated from the Property due to the Rehabilitation Work. In the event of any material deviations from the terms of this Agreement, unworker-like performance, the use of defective materials, or the filing of any unapproved liens, City may order that the construction cease immediately, and Borrower agrees immediately to correct and remedy the same at its sole expense. [For Expiring Covenant Loans, delete this paragraph, replace with [Reserved]] 403. Permits, Licenses and Approvals. Borrower shall properly obtain, comply with and keep in effect all permits, licenses and approvals which are required to be obtained under local, state, or federal law (“Land Use Laws”) in order to perform the Rehabilitation Work. [For Expiring Covenant Loans, delete this paragraph, replace with [Reserved]]