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| No mortgage has been in default, assigned to the government, foreclosed, nor has mortgage relief been given. |
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| There has not been any default or noncompliance under any conventional contract or turnkey contract of sale |
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| There are no unresolved findings raised as a result of audits by the U.S. Department of Housing and Urban Development (“HUD”), management reviews or other governmental investigations |
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| There has not been any termination of construction for more than 20 days or failure to file closing documents including final cost certification with HUD or the U.S. Department of Agriculture, Rural Development within 90 days after substantial completion. |
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| There has not been any failure to submit the required periodic filings necessary to keep both the project LP (or LLC) and the GP (or Managing Member) in Good Standing with the respective State (or States) within which each was formed and filed. |
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| There has been no violation of any state or federal environmental laws or no events have occurred with respect to its environmental condition which would warrant disclosure. |
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| There has been no lapse in coverage terms or limits for any required insurance policies or failure to pay property taxes and/or file property tax abatement or exemption documentation. |
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