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of der the Agency receives actual notice of the ~pel~ing of escro~~ IIl eol~I~eetrorl there4vltl1, the <br /> Agency rrra~ elect to appoint a certified, il~dependent appraiser to conduct an appraisal of the <br /> PI'operty, at the Hon~ehu~rer's expelrse, to assist the Agellc~ iIl detel'I~~ilril~ iftlre dales Pt°lce Is at <br /> OI' r~ear~ the falr' Il~ar'~et value of the Property such tlrne, the Sales PTICe is detel'mined tl~e <br /> appraisal to be tl~ree peI'cel~t {3°I~~ or' I~~ore ~ela~~r the fail4 maI'l~et ~al~re of the Pt'oper;t~ a <br /> estimated its said appraisal, then the "ales Price" for' purposes ~f d~t~r'tll.Ining the Oal~tingent <br /> ~uity Participation Amo~r~~t shall be tine fair rnaz•lCet value of the Property estahlisl~ed ire said <br /> appraisal, <br /> b, ~~Ol] RefIrlal~citlg~`ailll~'e fo ~ccupylDefaul#. In tl~e event of <br /> refil~ancin, failure to occ~rpy all of the PI•oper•ty iIl accol'dat~ce ~~Ith ectl~lll 7, or' defa~rlt or <br /> h1•each of ar~~ pro~isloll of tl~rs Areerl~elrt that calrses acceleration c~Ild the contingent l~qurty <br /> Par-ticipa~tion Anlorlrlt to becot~~e in~mdiatel~F drre and payable, tl~e "ale Price" for4 purposes of <br /> detel'n~ining tl~e ontirxerat Ec~~~ity Participatior~ Arr~o~~t~t shall be determined b~ are appraisal of <br /> the Propel'ty, The Agency shall appoint a cer'tlfied Independel~t appraiser' to conduct an appraisal <br /> off' tl~e Property, at the HarYlebu~~er's expense. The I~alnel~uyer' agrees that IIl such eveI~t the <br /> ontil~gerrt Cc~trit~ ~'az•ticipatio~x Ar~~o~r~~t shall be tl~e variable Applicable Factar• rrlultiplied by <br /> tl~e dlffel'erlce bet~~eelr tl~e Purchase P~;ice ar~d Saes ~'z,~ce as e~tab~~~~ed ~~r t~~e a~pr'a~ed ~al~re <br /> ~ tl]Q Pr'oper'ty the #Ilrre of s~rch t"Q~r1~I1~I~1, ~c~I~Ur'~ t~ OCCII~~', aI' C~Q~c~lllt Q~ t1lIS ~I'~~I~1~Il~, <br /> ozl~ebrryex•'s Ac~r~o~t~ed~~~er~# o~ Cori#i~~er~t ~~ui~y Par#icii~atiozr <br /> Ali~io~iti~~ <br /> ~~M~BiI~R A~~N~L~D~ AND AG~R~E THAT <br /> DP~N ANDI~~ T1P~N ANA ~~H~ ~~~N~` <br /> ADDITION To T~ LEAN AiVIOUNT}, <br /> ~NT~N~NT PA~r~~PAT~oN An~o~N~ <br /> APPR~IA'pI~N ~r T~~ P~~P~T~ A A~~r~AT~D <br /> P[~IiJANT T~~ ~cTroN <br /> ~~~DU~.'~I~' ~N~TIAI~; : ~ ~ ~ ~ ~ ~ ~ ~ : ~ ~ : <br /> 4, ale of Prol~err #o ~Vlodcra#e Yrican~c I~a~use~rol~~ at Af~or*dahle o~rsrlYg dos#, <br /> ~,1 Fo~~~r~~i~~c {~5} ~ear~ Affox•dabili#~T Rc~rl~~~err~e~r#~ Dtrril~g the <br /> Affordability PeI'iod, the Property Inay be sold arrly to eligible Persons and Famrlres at are <br /> Affar'dable Housing Oast ~~~itlr the Agency's pI"i4~r' ~~~rittel~ ~~~~ro~~al. These r`eq~riren~ents shall Eye <br /> Sit for't~l IIl all Affol'dal~le ~ousll~g Restr`lctlon ~ondltl~Ils, o~el~a~rts, and Restt`ICtlons <br /> Af~'ectilrg Real Pr'oper'ty alyd the Resale, O~~nership, Occupancy, Maintenance, and Other <br /> Nutter's Related to Peal PI'~pEI'~y}, ire tl~e farrt~ that i attached laereto as xl~ibit ~`D" ar~d <br /> Il~corpol'ated herein by this r'efere~~ce~ The Affo~+dable l~au~ir~ Resale Restl`ICtI~II per~rrits <br /> HaI~]Q~llyer', IIl HaIllebllyel''~ sale dlscr'etrarr, tl>~'ough an ~~ent 4f acceleratlor~ pursuant to <br /> ectiot~ l.f., to transfer the Propel'ty at a price in excess of an Affar~dable Housrn host duril~g <br /> ATTA~I.~v~r ~ ~ <br /> PaI'm of Holnebuyer~ ~oall Agr'eelnent <br /> <br /> ~~COC~~ ~0073~~ 1 ~}~0~z7~-~~~ 1 <br /> <br />