80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT J

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Statement has tl~ose #et+zn~ ate ~ler'~inafter de~~~ed~. T~~e De~eaper' are the Horne~t~~r' ~~a~e opened an escrov~ ~Escr'o No. ~ ~ ~ . ~ : ~vitl~ ~ . . ~ ~ ~ : ~ esera~~ltitle eamparlY~ ~ot~ Hot~tebuyer~' acquisition of the Property the "~sct'o~~r"} al~c~ the Ael~c~r sl~all a an additional par'tY to tl~e Eer'o~~ cot~~nection ~~itll tl~e Homebl~yeri Assistance Lawn, I~Z Prolnisso~~ Node, Tt~e Harne~tryer l~all e~ec~~te, t~al~et;, and deli~et• to the Agency, ~ prornlssory note in fa~oz~ of the Agency, a l~older, ~uhstantially in the form of Exl~ibit that is attached #1er'eta and irrcor'porated herein by tl~i re~erenee ~tl~e "Note" or "1'ron~isory Note'}}, As n~ot'e ~at~ticularly provided ire the Nate, tl~e essential terrns and condrtror~s of the Horneb~~yer' Assistance Loan at' a~ follo4~s: t Tel~nx. The terra of the Note sl~all be forth-fire ~~5} years frorn the ~lor~7ebuyer Assista~lee Loa~~ Date ~tl~e "Terre"}. b. dote Amou~~t, Tl~e s~ttn~ lte a~~d paya~e p~~t's~~ax~t to tet'ms and pro~~stor~s of the Note car~sist of both the ~Iornebuyer Assistal~ce Loal~ Arno~r~~t a~~d t~~e Cor~tir~er~t Eq€ri#~~ Par'trcrpatton Atnocr~~t, a both terns are herein defined {collecti~~ely, the "Note Ar1~o~~nt"~~ As orle colrrpone~~t of tine Note Amount, tl~e Hot~reb~~yer shall pay to the Ael~cy tl~e principal arno~rnt of ~ ~ ~ ~ : ~ ` ~ ~ ~ ~ ~ ~ ~ ~ ~-.Dollar's ~ ~ ~ . ~ ~ ~ a itl~ zero percer~t ~a~I~} interest thereon, subject to suhseetlarl ~c} belo~~r, c~ Cols#il~g~t~ ~tlui#y I'al~tleipa#lon ~ri~our~f. As a secarid cornponent of the Note Alnottr~t, tl~e Hotnebuyetk shall pay to the Ager~ey, together ~~~ith the v~l~ole of the Hort~ehuyerF Assistance Loan Alnoul~t} tl~e "Cor~finet~t Equity Par~tieipatiol~ Atnol~nt" if`r'equired by section 3, t~. ~Io~i~ebuyez~ Asls~azxce Iaoal~ Amou~i#~ Interest Defe~~red U~itil Acceleration, Tl~e olnel~~zyer{Assistance Loan An~o~~nt shall accrue zeta percent ~a°Ia~ ir~terest ~~r~less acrd ur~trl an e~rer~t of aecelet'ation occur's as set ~ot~h its Section l ~~~~3 its ~~hieh event ~ "Continge~~t Equity Partrerpatron Amount" shall heeotne due a~~d payable by t~~e Hon~e~ryer if regr~it'ed by ectiot~ ~ol~l~ll~l~'1r1' Asslstal~c Loali Anl~~i~l#~ ~'iYne 0~ ~ay~11~I1# ~liil rorgi~~eiiess, No repayrnerit of the Horr~eb~t~?er' Assistance Loan A~r~olrt~t shall be required ~~nless at~cl until tl~e Note Ar~aunt l~ecornes clue and payable, s provided il~ subparagraph ~ beo~v, f. Acceiera#tarl, Tl~e rl~ole of floe Note Amount and all otl~e~~ pa~Trrtel~ts due hereulYder shall becotne date ar~d be irnrnediately payable to the Agency by tl~e Hotneb~t~rer ~tpol~ tl~e oceut're~~ce of ~~y one of the follo~vit~ events of acceleration: ~i~ Tl~e Hor~nebuyer sells or• tra~as~et+s the P'r'operty for any pant then;eat by any mean, it~elcrclirt, ~itlio~~t limita~ian, tl~e lease, the rentl, the e~cllarle ar otl~er disposition of the 1'roper~ty ot• any interest tl~e~'eit~, ~~rhether ~rall~ntary ar ln~raluntary, e~eept ~A} a sale of the Property to an elrgrhle, cfualified Moderate lneorne ~Io~~sel~old at ail A~fot'dahie Horsing Cost 4~Titl~ tl~e Agency's prior ~~ritten appra~al accon~plisl~ed in strict conforrnit~r ~~itl~ eetion 4, or tl~e transfez# of ttae P'~~opet~ty solely a a result of tl~e marriage, di~arce, ATTACHMENT i Form ofHoebuyer Lawn Areerner~t ~~~oCll ~00~73s~13~2~02?~-0~~ 1