JIMENEZ, JORGE AND OLGA SANDEZ DE

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-8K 13848PO 410 6. Change in Title, Assignment or Subletting. (a) FAMILY shall give CITY not less than sixty (60) days prior written notice before effecting any transfer, sale, assignment or other disposition of the improvements affixed to said leased land or FAMILY'S interest in the leasehold estate created hereby. CITY is hereby granted the option, to be exercised within said sixty (60) day period, to purchase the interest of FAMILY in and to said improvements and said leasehold estate, and to convey the same to a person or persons of low or moderate income as defined in the "Code of Federal Regulations" who may wish to purchase the interest of FAMILY and assume all remaining rights and obligations under this Lease. CITY and FAMILY shall agree upon the fair market value of said improve- ments as of the date of exercise of such option. In the evert they are unable to agree, an independent appraiser mutually acceptable to the parties shall be retained to determine said fair market value, which in any event, shall not be less than the amount due under the insured mortgage on the improvements affixed by FAMILY to said leased land. (b) In the event that CITY does not exercise said option and FAMILY elects to sell, assign or otherwise transfer the improvements affixed to said leased land or FAMILY'S interest in the leasehold estate created 'hereby to a person or persons not of low or moderate income as defined above, the provisions of this Lease shall continue, and such person or persons shall be substituted in lieu of FAMILY as lessee hereunder. (c) Any and all costs and expenses incurred by the mortgagee as the result of FAMILY'S tenancy hereunder shall be paid by FAMILY to the mortgagee prior to completion of any such transfer, sale, assignment, or other disposition thereof. 7. Taxes and Assessments. In addition to the rents above provided, FAMILY shall pay, when and as the same become due and 3.