USE OF HOME. The Homebuyer shall not (1) sublet his Home without the prior written approval of the Authority and HUD, (2) use or occupy his home for any unlawful purpose nor for any purpose deemed hazardous by in- surance companies on account of fire and other risks, or (3) provide accommodations (unless approved by the Homebuyers Asso- ciation and the Authority) to boarders or lodgers. The Homebuyer agrees to use the Home only as a place to live for himself and his family (as identified in his initial appli- cation or by subsequent amendment with the approval of the Authority), for children thereafter born to or adopted by members of such family, and for aged or widowed parents of the Homebuyer or spouse who may join the household.
Appears in 3 contracts
Sources: Homebuyers Ownership Opportunity Agreement, Homeownership Counseling and Training, Homebuyers Ownership Opportunity Agreement