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§321 Submission of Evidence of Mortgage Financing ................................................. 17 <br /> Article ESCROW ............................................................................................................. 18 <br /> §401 Opening of Escrow .............................................................................................. 18 <br /> §402 Conditions Precedent to Close of Escrow ............................................................ 18 <br /> y �403 IAC's Duties ........................................................................................................ 19 <br /> §404 Agency's Duties ...........................:....................................................................... 19 <br /> §405 Terms of Escrow .................................................................................................. 20 <br /> §406 Recordation of Grant Deed or Grant Deeds ......................................................... 21 <br /> Article 5. DEVELOPMENT OF THE IAC PROJECT ....................................................... 21 <br /> §501 Scope of Development ......................................................................................... 21 <br /> §502 Basic Concept Drawings ...................................................................................... 22 <br /> §503 Agency Cooperation With Processing ................................................................. 22 <br /> §504 Cost of Construction ............................................................................................ 23 <br /> §505 ConstructionSchedule .........................................................................................23 <br /> §507 Rights of Access .................................................................................................. 25 <br /> §508 Local, State and Federal Laws ............................................................................. 25 <br /> §509 Anti-Discrimination During Construction ........................................................... 25 <br /> §510 Taxes, Assessments, Encumbrances and Liens ................................................... 25 <br /> §511 No Encumbrances Except Mortgages, Deeds of Trust or Sales and Leases- <br /> Back for Development ......................................................................................... 26 <br /> §512 Holder Not Obligated to Construct Improvements .............................................. 26 <br /> §513 Notice of Default to Mortgage or Deed of Trust Holders; Right to Cure............ 26 <br /> §514 Failure of Holder to Complete Improvements ..................................................... 27 <br /> §515 Right of the Agency to Cure Mortgage or Deed of Trust Defauit ....................... 27 <br /> §516 Right of the Agency to Satisfy Other Liens on the Acquisition Pazcels <br /> After Title Passes ................................................................................................. 27 <br /> §517 Certificates of Completion ................................................................................... 28 <br /> Artic(e 6. COVENANTS; NONDISCRIMINATION .........................................................28 <br /> §60 i Covenants as to Uses ........................................................................................... 28 <br /> §602 Nondiscrimination ................................................................................................29 <br /> §603 Rights of Access .................................................................................................. 30 <br /> §604 Effect of Violation of the Terms and Provisions of this Article 6 Afrer <br /> Completion of Construction ................................................................................. 30 <br /> 9627�.8397625 <br />