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the Homebuyer Assistance Loan Amount and the "Contingent Equity Participation Amount," as <br />hereafter defined. <br />(a) Calculation of Contingent Equity Participation Amount. The <br />"Contingent Equity Participation Amount" means are amount equal to a percentage share of the <br />appreciation of the Property determined by multiplying a variable percentage factor ( "Variable <br />Applicable Factor" ) by the difference between the Sales Price and the Purchase Price as those <br />terms are hereinafter defined). <br />(b) Applicable Factor- Calculation. The Variable Applicable <br />Factor shall be calculated by dividing the Beneficiary's total initial equity contribution which is <br />deemed to have been ro ided to Trustor used on sale of the Property at an Affordable Housing <br />Cost "Agency Contribution" by the sum of the Agency Contribution plus the Trustor' <br />contribution ("Homebuyer Contribution"). In other words, the Agency Contribution shall be the <br />numerator, and the sum of the Agency Contribution plus the Homebuyer Contribution shall be <br />the denominator of a fraction that equals a percentage that is the Variable Applicable Factor <br />(subject to Section 2 b i • <br />Variable Applicable Factor = Agency Contribution <br />Agency ntribution + Hoinebuyer Contribution <br />For example, if the Agency Contribution equals $30,000 and the Homebuyer <br />Contribution equals $250,000, the Variable Applicable Factor could equal 10.7% $ o,o o <br />divided by the sum of $30,000 plus $250,000). <br />10.7% (Variable Applicable tor) = $30,000 (Agency ontribution) <br />$30,000 (Agency Contribution) + $250,000 Horn buy r <br />Contribution) = ($280,000) <br />(i) The "Agency Contribution" is the sum of the following amounts <br />contributed by Beneficiary to the purchase price of the Property: i the principal amount of the <br />Homebuyer Assistance Loan mount; i.e., the Affordable Dousing Cost Subsidy; and (ii) the <br />principal mounts of any other loans or s b idy ies provided by Beneficiary. <br />(H) The "Homebuyer Contribution" is the sum of the following <br />amounts contributed by Trustor to the purchase price of the Property: i the principal amount of <br />the First Lien loan; (ii) the Tr stor's cash down payment plus Trustor's portion of closing costs; <br />and (iii) the original principal amount of loans or other sub idy ies secured by Trustor, <br />(excluding and other than loans or ubsi y ies provided by Agency or Beneficiary as set forth <br />in the definition of Agency Contribution)} and applied by Trustor towards the purchase of the <br />Property. <br />EXHIBIT C-3 TO ATTACHMENT N. I I <br />To Deed of Trust with Assignment of Rents <br />Rider to Deed of Trust <br />D s 140 73vl3/200272 -0001 <br />