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3. Rental of Property. The Rental Property Unit shall be Rented only by Tenants who meet the criteria set forth hereinbelow. 3.1. The Rent for the Rental Property Unit must be Affordable (as defined herein) to the Tenant. The Tenant shall have monthly Rent payments that are Affordable (as defined herein). 3.2. The Property may not be Rented by a Tenant whose household Adjusted Gross Income exceeds the thresholds set forth in Florida Statutes section 420.004 for Very -Low -Income or Low-income households. 3.3. The security deposit, If any, for any Rental Property Unit shall not exceed one month's Rent. 4. Maintenance of Property. Grantee shall maintain the exterior of the Rental Property Units in good repair, including, but not limited to, painting, landscaping and lawn maintenance, as necessary. Grantee shall maintain the Rental Property Units in accordance with the applicable laws, regulations and ordinances of the County, and if applicable, the governing municipality. For so long as the original Grantee is the owner of the Lot, the Property, or the Rental Property Units, the maintenance obligations set forth herein are binding on Grantee. 5. Covenants Run with the Land. All covenants, conditions and restrictions contained in this Deed shall be covenants running with the land, and to the fullest extent permitted ,by law and equity, be binding upon the Property for the benefit of and in favor of, and be enforceable by, the County against the Grantee and any party in possession or occupancy of the Property or any portion thereof. The covenants, conditions and restrictions set forth in this Deed are intended to be perpetual, but may be modified in a document In recordable form executed by the County and the Grantee, or the Grantee's successors in interest in the event that the character of the neighborhood within which the Property is located changes substantially through the passage of time. 6. Pronertv as Servient Estate.. For the purposes of this instrument, the Property and all portions thereof shall be the servient tenement and the County shall be the dominant tenement. The Restrictions shall run with the Property and be binding on all persons acquiring title to the Property, or any portion thereof, and all persons claiming under them. 7. Enforcement by County. The County is the beneficiary of these Restrictions, and as such, the County may enforce these Restrictions by action at law or in equity, including without limitation, a decree of specific performance or mandatory or prohibitory injunction, against any person or persons, entity or entities, violating or attempting to violate the terms of these Restrictions. 8. Waiver: Invalidity: Construction: Venue. Any failure of the County to enforce these Restrictions shall not be deemed a waiver of the right to do so thereafter. No waiver of these Restrictions shall be effective unless'contained in a written document executed by County. Any waiver shall only be applicable to the specific instance to which it relates and shall not be deemed to be a continuing or future waiver. If any covenant, restriction, condition or provision contained in this Deed is held to be invalid by any court of competent jurisdiction, such invalidity shall not affect the validity of any of the other Restrictive Covenants herein contained, all of which shall remain in full force and effect. This Deed shall be construed in accordance with the laws of Florida and venue shall be in Indian River County, Florida. 0 262