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°°CHDO" means Community Housing Development Organization under <br />the HOME Program. <br />"City" means the City of Santa Ana, California, a charter city and <br />municipal corporation. <br />"City/HOME Loan" means the loan to be made to Developer by City <br />from HOME finds pursuant to Article 5 of this Agreement. <br />"City /HOME Loan Deed of Trust" means the deed of trust encumbering <br />the Property, in the form attached hereto as Exhibit E, to be executed by Developer <br />pursuant to Section 5.13.2 in order to secure the Loan Note. <br />"City /HOME Loan Note" means that certain promissory note in the <br />original principal amount of $ , in the fonn attached hereto as Exhibit P, <br />and to be executed by Developer in favor of City to evidence the obligation of Developer <br />to repay the City/HOME Loan. <br />"Close of Escrow" shall mean the date upon which the City /HOME Loan <br />Deed of Trust is recorded in the Official Records of the County. <br />"Closing Statement" means the final statement of Developer's <br />Escrow account for the purchase and sale of the Property pursuant to the Purchase <br />Contract, <br />"County" means the County of Orange, California. <br />"Developer" means <br />successors and assigns. <br />its <br />"Developer's Representative" shall mean the Chief Execrative Officer of <br />the Administrative General Partner of Developer or his/her designee. <br />"Escrow" means Escrow No. <br />"Escrow Holder" means <br />The Escrow Officer is <br />"Event of Default" has the meaning set forth in Section 20.1. <br />"Executive Director" means the Executive Director of the Community <br />Development Agency, or his /her designee. <br />"Extremely Low Income" an adjusted income which does not exceed <br />thirty percent (30 %) of the area median income for the Orange County, California <br />PMSA, adjusted for household size, as published by HUD. <br />25C -8 <br />