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A TRUE COPY <br />CERTIFICATION ON LAST PAGE <br />RYAN L. BUTLER, CLERK <br />218.67(1). If the Grantee meets the criteria set forth in this paragraph, then the Grantee is deemed to have <br />demonstrated a financial hardship. <br />45. Restrictive Covenants. In accordance with section 287.05805, Florida Statutes, for Acquisition and <br />Development projects directed at Real Property, if funded, the Grantee (and the Property Owner, if not the <br />Grantee), prior to the release of the first installment of grant funds, must grant to the Florida Department of State a <br />security interest in the Real Property at least to the amount of state funds to be provided in the grant agreement. <br />This security interest shall be recorded in the form of a restrictive covenant on the Real Property, active for a <br />period of fifteen (15) years for Development or active for twenty (20) years for an Acquisition. The Grantee (and <br />the Property Owner, if not the Grantee) shall record the security interest in the office of the clerk of the circuit <br />court of the county, or another office serving as the county recorder as provided by law, in which the Real <br />Property is located. <br />46. Entire Agreement. The entire Agreement of the parties consists of the following documents: <br />a) This Agreement <br />b) Estimated Project Budget (Attachment A) <br />c) Single Audit Act Requirements and Exhibit I (Attachment B) <br />d) Total Compensation Paid to Non -Profit Personnel Using State Funds (Attachment C) <br />Page: 14 <br />Gant Aeard Apreernent (Fomi G4A001), Effective 07/2024 <br />Pule 1 A-39.001. Florida Adminiw-amr Code <br />