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These Affordability Covenants, without regard to technical classification or designation, shall not benefit or be enforceable by any person, or firm, or corporation, public or private, except the City, the Owner and their respective successors and assigns. 10. Enforcement. These Affordability Covenants, without regard to technical classification or designation, shall be binding for the benefit of the City, and its successors and assigns, for the entire period during which such covenants shall be in force and effect, without regard to whether the City, or its successors and assigns are or remain an owner of any land or interest therein to which such covenants relate. In the event of any breach of any such covenants, the City,'or its successors and assigns, shall have the right to exercise all the rights and remedies, and to maintain any action at , law or suits in equity or other proper proceedings to enforce the curing of such -breach. The Loan Agreement and all of its attachments shall be enforceable by City in accordance with the terms thereof. Each of the Loan Agreement, the Affordability Restrictions, the Promissoiy Note and the Deed of Trust provide a means of enforcement by the City if Borrower is in breach of its obligations hereunder and thereunder, including liens on the Property, use and deed_ restrictions and covenants running with the land [24 CFR 92.504 (c) (13)]. 11. Duration. The provisions of Section 1 of these Affordability,Covehants shall remain in effect in perpetuity. The provisions of Section 2 of these Affordability Covenants shall remain in effect for the longest feasible time, but in any event, not less than 45 years from the date on which these Affordability Covenants are recorded in the Official Records o6h'e Recorder of the County of Orange, State of California, provided that the Property remains habitable. ' The provisions of Sections 3, 4 and 5 shall remain in effect for so long as the City Loan remains outstanding, or for so long as the provisions of Section 2 of these Affordability Covenants remain in effect, whichever is longer. Notwithstanding the foregoing, as required by 24 C.F.R. Section'92.254 (a) (5) (i), the provisions of Section 2 of these Affordability Covenants shall terminate upon occurrence of any of the following termination events: foreclosure, transfer in lieu of foreclosure or assignment of an FHA insured mortgage to HUD. 12. No Forfeiture. These Affordability Covenants shall be construed as covenants running with the land and not as conditions which might result in forfeiture of title. 0 25C-36