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{i~} In con~~ectioii with the Developer's n~arket~rig effo~~ts and <br /> its obllgtlon to provide hausirig counseling acid apprapriate disclosure #o prospective <br /> Hornehuyers of Affordable Fo~•»ale Uiiits as descr4ibed in subsection above, the Agency <br /> ackrio4~ledges tlaat it will assist the De~eloper~ in a Irriiited role in that the Agency staff will be <br /> reasonably available for reasonably limited tiriies to receive and answer questions of prospective <br /> ~~anibuyers, bit Drily as to those p~~ospec#ive Horriebuyers wlia leave been pre~io~~s~y screened <br /> and e~alua#ed by the developer for its agents as a Moderate Iricorne Household nieetiri the <br /> criteria established lierern as potet~t~ally ~iralified to p~~~~cl~ase an Affordable For«ale Unit as <br /> well as revie~~red preiimit~arily as to acid regarding creditwartliir~ess at~d eligibili#~ to apply for <br /> and obtain first Iieti mortgage fo purchase ara Affordable For-dale Unit; nothing in the <br /> foreolri statet~~ent r~egardrrig the Ag~~cy's lirrrited role iti I~o~~sir~g couriselrng sliali obligate, <br /> invalve, or require Agency {or lty} or atiy of their staff, consultants, o~~ counsel to assist ire tl~e <br /> ti~arketit~, lousing co~~tiseli~~, disclosr~re, or sate of at~y Far-dale Uriits to any prospective or <br /> act~~al buye~~, or selection of s~~ci~ bityel', ~~~hicli is acid s1~aI1 ~~er~~ain the »e~relope~i's sole Iegal, <br /> car~tractuai, at~d finatlcial respoi~sib~i~ty, <br /> {c~ The sale of each Affordable Far-dale Uriit ~ the Developer to aii <br /> eligible Horriebuyer` sliali be subject to the satisfaetiot~, ar waiver by the Agency ~xeeutive <br /> Director of tine following conditions p~`ecedent nuiribered ~i} tix~`ougl~ {x) inclusive: <br /> {i~ ~ss~cra~~or~ ~'s~ P~~rs~~a~~t to the regE~ireinents of <br /> section 40Z{b~ of this Agree~r~ent, the Developer shall have {or ca~~sed to Dave} prepared, <br /> approved, exec~~ted, for~~ed, and caused to be recorded tl~e Declaration of o~e~~ants, ~oriditioi~s <br /> acid restrictions for tl~e hai~.eow~ie~•s association {tl~e "Association"} for the For-dale Portion of <br /> the Project {tl~e ~`Associatiori ~R"~ p~~ior to issuance of tl~e firs# certificate of occupancy <br /> {telr~porary or perrr~arie~at} for any Housing Uri~t {wl~e#her or nat such ~otl~n t~nr# is restricted <br /> pursuant #o the teriris ofthis Ar•eeiiient~ ~itliin tl~e Fo~4~ale Portion ofthe Pt`ojeet. <br /> {ii} .~~o~~dab~e ~o~~ySa~~ ~J~i~ o~~~~~~~e~~, Tlie applicable <br /> Affordable For»ale Unit shall ha~~e been co~npleted, as e~vide~~ced by issuance of the certificate <br /> of occupancy for s~~cli Affordable Far-dale Unit <br /> {iii} ~scr~~i~tt, Tlie Hon~ebliyer~s purchase oftlxe Affordable ~'or_ <br /> dale Unit wall be transacted tlirougia ate escrow with a~i escrow holder satisfactory to #l~e <br /> De~Telaper acid Agency E~ec~~tive Dir`ector~ hosts for s~~cl~ escrow shall be cliare to at~d <br /> deducted fi~ani the proceeds ofthe Plarnebuyer Assistaxice Loan. <br /> {iv} .~s~~~oi~i ~t~s~~~t[c~r~~~~. The Agency >}Keer~tive Dirac#or for <br /> his or' liar designees shall Have approved the instr•uctfotis fog` tl~e Hon~ebuyer's esc~`ow. It is <br /> anticipated that the Ager~cy Executive Directo~k for his or liar desig~iee} will approve such <br /> instructtol~s within fifteen { 15} days after receipt of a cor~ple#e package of escrow instructions <br /> and s~ifficietit evidence indicating that the selected Harnebuyer• satis-~es the requiieii~ents of this <br /> Agieerrient, <br /> .~or~r~~~r,~~e}~ ~oa~r ~~~ee~~te~~. The Agency atld #l~e <br /> <br /> Harnebuyei4 shall have entered into a Hotr~el~uyer Loan Agreement and all related loan <br /> doci~mer~#s and such ~omeblryer Loan Agreei~ient and such other ac~~~~net~ts shall have been <br /> 44 <br /> <br /> ~o~so~~~~a~~~~~T~ ~~~oo~~~-~~~i <br /> <br />