West Orange Fourth Round HEFSP_adopted 111025_Appendices

Inst. # 2023018959 - Page 5 of 6 Article 4, Remedies for Breach of Affordable Housing Covenants A breach of the covenants set forth herein will cause irreparable harm to the Administrative Agent, to the Municipality and to the public, in light of the public policies set forth in the New Jersey Fair Housing Act, the Uniform Housing Affordability Control rules found at N.J.A.C. 5:80-26, and the obligation for the provision of low and moderate-income housing. A. In the event of a threatened breach of any of the covenants herein by the Owner, or any guecessor in interest of the Property, the Administrative Agent and the Municipality shall have all remedies provided at law or equity, including the tight to seek injunctive relief or specific performance. Upon the occurrence of a breach of any covenants by the Owner, or 3 or other owner | of the Property, the Administrative Agent and the, ecessor in interest shal] have all funds from a sale in 2 vals, injunctive relief to 8, those provided under Title istrative Code and specific acceleration of all sums due under any mortgage, violation of the covenants, diverting of rent proceeds prevent further violation of said Covenants, entry on 5, Chapter 80, Subchapter 26 of the New Jersey performance, IN WITNESS WHEREOF, the vie Cj and the Owner have executed this Deed Restriction as of the date first above written, s “A STRATIVE AGENT: “Name: Davief Levin ¢ Title: 4 fnindrafie. Age “Name: Chis Youn Title: RMavyiy, Mover APPROVED: Township of West Orange 9 Sit Melony ” Samer Title: Mayor SUSAN vcoskhner