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the ~arneb~~~cr shat pad to the Agency the whale of the ~o~~ebuyer Assistance Loan Arna~~rrt <br /> atr tl~e "Cantirrgent equity Participation Atnourr~," as irer~eiiraf~er~ describe. If the Hanrebuyer' <br /> is selling the Property to arr Elrgrble Person ar1d Fa~i~ at an Affardable ~~ousin Cost ~~ith tl~e <br /> Agency's prior ~~ritten appro~al~ in accor•darrce ~~ith fire r'eq~rire~net~t of ectian 4 irereaf, then <br /> na Conti~~er~t equity Par~icipa~ian Arnourrt s~~all be required ilereurrcier rn cantrectron ~v~tl~ such <br /> sale, <br /> 3~1 a~cu~a~iorr of Corr#i~~gex~t ~gtiity Pay+~rc~pa#Ioll Am~or~~if. The <br /> "Cantingerrt ~qult~r Par~icipatiorr A~naur~~" rnearrs are arno~~r~t egl~al to ~ per'cerrtae share of fire <br /> appreciation of the Property determined by r~ruitiplyirrg a ~arial~ie percentage fac#ar fhe <br /> "filar+iable ~~~iicble Factor'"~ by fire ~iffer~er~ce bet4~~een the dales Pr~lca and fire Purchase P~~ice <br /> has those terms are her~eina~er defi~~ed}, <br /> a. ~'a~~iahle Appica~~e Fctar Calcula#iori, Tl~e ~arial~ie <br /> Applicable Factor shall be calculated b~ di~~id~ng the Agency's fatal initial equit~~ contributio~l <br /> ~#ire ~~Ageric~r Co~rtrib~~tian"~ by the si~~n a~' the Agency Co~~t~~ibutior~ plus the ~-~arrrehuyer~'s <br /> Cor~trib~~tiarr, ~r1 other ~vo~'ds, tl~e Agc~~cy Carrtr'ibutron shall be the nutneratar, acrd the s~~rn of <br /> the Aget~c~t Co~~tributiatr pl~~s #ire ~otnebl~yea4 Contril~utian shall be fire derrorninator of a fi~actiot~ <br /> that eq~~als a percentage that is tine '~ariablc Applicable Factor ~subect to ectiorr 3 f 1 ~a}~i~}, <br /> '~~I'i~I~I~ Applic~bie ~~~#or' - A~enc~ o~~#rib~xti~,li~Ml,,,l„~. <br /> AgCI1C~' CDII#1'i~lil#ion ~~mebuy~I~ Cont~~ib«#iol~ <br /> Fars e~arnple, if fire Agency Contribution equals ~3a,0a0 acrd tine ~ion~ebuyer <br /> Carrtrrbl~tlorl eq~~als $25a,~~0, the ~ariahie Applicable Factor ~~auld equal ~a,7~lo ~~~,aaa <br /> dl~'lded the sur~n of ~a,aa~ pins $~50,~00~, <br /> 1~,7°I~ {~'a~~i~bI~ Ap#~Iic~bl~ Fac#ar} - ~i~,00~ ~~~eltc~, ~olttrib~tio~~} <br /> ~1~~11C~' CQ11#1'iI?ll#IUII~ + ~HOI~IC~JII~'~1' <br /> Cv~~tl~ik~utiol~} _ ~~2$~,O~U~ <br /> ~i~ The "Agency Contribution" is the s~~tn of the follo~~rirrg <br /> amou~~ts co~~tributed h~~ the Agenc~~ to the pu~ichas price of the Proper~t~; {i~ the pr~it~cipal <br /> arnaurlt Harrrebl~yer Assistance Lawn, i,e,, the Affordable ~ausrng Cast ubsrdy has <br /> l~erei~rafter defined; arrd iii}the principal an~aunt~s} of airy atlrer loan{s~ ar subsidy~ies} <br /> <br /> provided b~ the Agency. <br /> ~ii~ The "~ameb~ryer Cotrtr~bution" i the sutn of the follo~~irrg <br /> at~ounts cantril~uted by the ~orrrel~~tyer} to the purchase price of the Property; ~i}the principal <br /> <br /> amount ~f the First Lien purchase money r~rot~tage; iii} the ~amebuycr's casl~ do~~n payrnenl: <br /> ATTAC~~ENT ~~.11- <br /> Faun afHarnebuyer' Laa~~ Agreet~rent <br /> <br /> D~CSDCII ~~4b73~~131~4~2~~-ADO 1 <br /> <br />