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documentation for the construction loan required by such
institutional lender; and - -
(h) Bankers shall have the right to approve in
advance the site plans,. including the location, number and
type of units for the improvements and once approved by
Bankers such site plan shall not be altered in any
substantial way without the re-approval and consent of
Bankers which approvals and re-approvals will not
unreasonably be withheld or delayed; and
j (i) The construction mortgage shall provide adequate
and reasonable release provisions incident to the sale of
the condominium units consistent with the requirement for
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~ payments to Bankers and others from the sales proceeds of i
f
individual condominium units foc releases; and
(j) Bankers shall be required to subordinate only to
a construction loan the proceeds of which are to be used
for the development and construction of the. particular
stage of the project to be encumbered by the construction
- loan, including sums advanced for the subordination of
€ existing mortgage indebtedness provided the same does not
exceed the maximum amount per unit as set forth in Column
C on the Schedule A attached hereto for all mortgage ~
subordinations, including that of Bankers, and shall
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