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3t,-02>0
I'age 2
and all buil~~r~ta and fixtures srected or to be erected therean or appurtenaat thereto.
The I~cal Authority herebr declares and acknoxle~ea Lhat during the exiatence of
the trust hereby ereate ths Governa:enL and the holdera froe~ time to tiine of the Bonda,
R~efunding Bonda, or Feroanent Notea iaaued or Lo be iasued purauant to the proviaiona
of the Aenusl Co~trioutiona Contraet, have bean granted and are poassssed of :n intereat
in the above-described Pro~ect Proparty~ La aits
The right to requfre tht~ local Authority to remain aeised oP the titla to said
property and to rafrain tro~ tranaferring, eo~eying, asaigning, lesaing, nort;aging,
pledging, or otherxiee enoutnbsring or pera~ittin~ or su~fering ac~? tranafer, co~veyence,
aasiEtna~eet, leaaing, wortgage, pledge or other encumbrance of aaid prnperty or ac~y part
thereot, appurtenances thersto, or aqy rent, re~enuea, incoae, or receipta tharefraa er
in connection Lhereaith, or any of ths benefits or contributions granted Lo it by or
ourauant Lo the Annual Contribut~fona Contract, or at~y intereet in ar~y oF the eaiae except
that the Local Authority (1) ~nay, to Lhe ext,e~ and in the Aanner provided in 9so. 313
of the Annua2 Co~tributtona CoaLracL, (a) leRSe dvellings and other apacee and faeilit?iea
in any Pro~eet, or (b) c:nmrey or otherwiee dispo~e of any real Qr personal property ~+hich
ia detenained Lo be exeesa to t~he needa of acqr Pro~ect, or (e) convey or dedie~te lao~d
for uee a~ atreeta, alleya, or othsr public riEthLa•of•Nay, at~ gra~nt eaaenienta for the
eatabllshe~snt, operation, ae~d maintenaace of public utilitiee, or (d) enter into and
perforn eontraeta for the ~als oi dwellicg units to meabere of tenant familiee, aa
authorized by the United Statea Houaing Aet ot 1937, ~2 U. S. C. 1401, aL ~a., or (2)
vith the approval bt tt?e ~iovertnderit, releaae arq? Pr~~ect i+tiioh has not t~isn been finaneed
b~ an iaaue or iaauea of Bonda tro~ the Lruat hereby ereated; Provided, th~t nothing her~in
contained ahall be coaatrusd aa prohibiting ths comrsyuws of t,itle to or the d~livery or
poaaeaaion of a~ Pro~eat to the Oo~ernwent in pursuanc• oi Section 501 or S~c.502 oP
the Annual Cantributions Contract.
1?~e sndoraement b~r a duly authori~ed offioer of the aoverrauaat (i) upon any aonv~~-
ance ~ade by ths Local Aut~bority o! srqr real or peraonal property ~rhich ts det,er~nined
to be esc~aa to t6e nssds ot up Pro~eetj or (2) upon any inetru~~at of com?~yance or
dedication ot propsrty, or ariy intsrsst th~r~tn, tor uss aa at~nets, allrya~ or oth~r
public rfghts-ot-way, or tor Lhe •etabllsharAt~ operation, and eaint~a~nce o! publia
utilitiea; or (3) upon any i~struuNat transf~rring os ao~~i~ a~nllie~ unit, or ~
intereat tb~r~in, to a ee~bsr of a tenant ta~ailyf or (4) upon a~ it~~trueNnt of rel~aM
,nade by the Local Authority o! aqy Pro~~ct whiah haa not th~n b~~n tinaAOed by aa ~asu~ -
or iaauss of Boads shall b~ effective Lo rsl~ass aucb proper~y froa the trnat hsreby or~at~d.
~lhen all indebtednsas of ths Locsl Authority to th~ ~o~eraaa~t, arieinQ und~r th•
Annual Contributions Contract, hae been lully paid aad vhen all tte~ Bonda~ Re21ind1ng Honda~
and Per~anent Notes, togeth~r vith inLareat thereon, haw bs~n ll~lly paid, or Aoni~s eutti-
cient tor the payn~emt thar~ot havs bern depoait,~d in tru~t tor ~uah pay~nt ia aooordaaa~
with the r~ap~ctlv~ r~eolution ot the Local Authorttar, authoride~ th~ i~auano~ o~ ~uab
Honda, Refur~ding Bondr, and PsraaAent llot~s, tb~ truat hes~byr or~attd shall t~rmiaat~ and
ahall no longer be e!lectiv~.
Nothing her~in eontal~d ahsll ba conatrued to b~stox upon th~ hold~r or ho2dtra ot
sny oP ths Bonds or R~funding Bond~, or ot the aoupoas appertaining ther~to, or aiyr holder
of the Prraian~nt Not~~ (oth~r th~n the Governeent) arp? righ~ or M~bt ot a~otlon ox proo~odi~~
by w6ich th~ Loaat Authoritr a~ight b~ depri~ed ot titl~ to or poss~~~ion ot at~y Pro3~ot.
The ter~s Rso~d~," "R~i~adipg Bonda," and "Psnaae:~at Notwa," aa u~~d h~r~in ~hall
lnclude TeAporar~r 1~ot~a~ Advano~ ~lot~a, Pr~liAinar~ 1~lotA• and Pro~tia~or~r Not~a~ or o~h~s
evidetr.~ of ind~b~t~dn~~s iesu~d pur~uar~t to the Authority~ a Atsnual Cotttribnt?iona Gontr~ot.
Iri '~??'~IES3, 1~EREOF, tb~ Looal Authority b~r it~ o!liaer~ th~r~uato d~ authorise~d
lue oau~'d`,~~'lirra~f,pr~s~tsts to ~i ai~~d in it• naM aex~ it• eorporat~ aa1 to b~ herounta
atti~caa ~t~,i4~t~st~d thi~ (P! da~ o! F~~~~~~~ lyqo,
: :.r.' ~ THE HOUSING AUPI~iO~ITY C&' T~E CI'i'Y OF
(S~AL)~ -~f ' = ~ FOt"t'I' PIERCE FLORIDA .
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:J .i .i ~
aT'rES!~. . ~t~` a ~an ,
j ~ ~ ~~t~1~ `/~~~~.G4.
~ P~e~ared B :
0 Ta
. av crrance, Attorney Advisox
Q Depart~ent of Aousing and Urban Development ~
600K~V~ PACE2~~7 ~5 P~achtree-Seventh Building
Atlanta, Georgia 30323 =
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