Res96 RD-96-07 - Laserfiche WebLink

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3. The Grantee hereby covenants and agrees, for itself and its successors and assigns, that the Grantee shall not use the Site for purposes other than those uses specified in _ Use Permit No. _, issued by the City. Grantee hereby further covenants and agrees, for itself and its successors and assigns, that the Grantee shall comply with any conditions imposed by the City as a condition to issuance of Use Permit No. , or any subsequent permit or other approval issued for or relating to the use of the Site. The Grantee hereby further covenants and agrees not to use or allow to be used the Site for adult bookstores, any form of pornographic entertainment, or gun or ammunition stores. 4. The Grantee shall not, except as perm/Red by the DDA, sell, transfer, convey, assign or lease the whole or any part of the Site without the prior written approval of the Grantor. This prohibition shall not be deemed to prevent the granting of easements or pemfits to facilitate the development ofthe Site or to prohibit or restrict the leasing of any part or parts of a building or structure when said improvements are completed. 5. Subject to the provisions of Section 512 of the DDA, the Grantor shall have the additional right, at its option, to repurchase, reenter and take possession of the Site hereby conveyed, or such portion thereof, with all improvements thereon, if after conveyance of tire and prior to issuance of a Certificate of Completion for development and construction upon the Site, the Grantee or successor in interest shall: a. Fall to proceed with the development and construction of the improvements as required by the DDA for a period of three (3) months after written notice thereof from the Grantor; or b. Abandon or substantially suspend development or construction of the improvements for a period of three (3) months after written notice of such abandonment or suspension from the Grantor; or c. Transfer or suffer any involuntary transfer of the Site, or any part thereof, in violation of the DDA. Such right to repurchase, reenter and repossess, to the extent provided in this paragraph 5, shall be subordinate and subject to and be limited by and shall not defeat, render invalid or limit: a. Any mortgage, deed of trust or other security instrument pemdtted by the DDA; or b. Any fights or interests provided in the DDA for the protection of the holder of such mortgages, deeds of trust or other security instruments. 6. Subject to the provisions of Section 513 of the DDA, the Grantor shall have