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7. nriflr~gerit ~qu~t~r Par~~cipa~lo~a Ar~~alrr~f. I~' an event of acc~ler"a#ion oc~u~i a~ <br /> described in Section and tl~e Nla~er is not selling the Proper#~ pursua~~t to section ~ of the <br /> ~~+e~ir~e~t, the faker' sl~~ll pay to t~~e Haller, ~~~e ~~hale of the Hornebu~er• As~~tan~ ~,oa~r <br /> A~Y~ount and the "~0r~tir~gerl~ Equi#~ Participatian At~~our~t," as hereir~af~er defined., 7f tl~e <br /> Harrrebuyer is selling the Pr"oper•ty to an eligible Per"sore and ~arrril~ at air 1~~~ozdable Ho~rsit~ <br /> host ~~~~th the Agel~cy}s prior ~~r"i#~er~ appr~~~ral, ~n a~ccord~t~ee ~it~r tl~e r~equtren~ent~ a' Sec#~on <br /> ~rereundel' acrd ectiorr ~ of t~~e A~reet~enta then no or~tlrlgent Eq~~~ty Participation A~rrou~rt <br /> shall be required her"eunder' In cat~t~ec#lan ~~~th r~c~i sale. <br /> ~a} a~cu~atiar~ of Moir#irigeri~ Eglri~y Par~ficipation An~aurr~, Tl~e <br /> "Contlr~gent Egrri~y Participation At~~ounf'~ t~~eans an a~~rount equal to a percet~tage bare of tl~e <br /> appreciatiar~ the P~`opei'#y deterlrrine by rnultiplyi~~g a variable percentage factor the <br /> "variable Applicable Facto~~}'} by the differerrcc het~~ecr~ tl~e Saes Pace and tl~e Purchase Price <br /> has those ~ellns are l~ereir~af~er4 defined}. <br /> fib} ~nriablc Applicabre Fac~or~ alcu~a#iorr. The variable Applicable <br /> Factor shall be calcu~ate~ by dividing the Aget~cy's total ~nit~al equtt~~ con~ributian ~tlre "Agency <br /> al~tr;ibutior~"~ by the sur~~ of t~~e Age~~cy ~o~~trlbutran plus the Hor~~eb~~yer's co~xtr4~but~o~~ ~tlle <br /> "Ho~r~ehuyer4 antribution"}, 7n otl~e~, ~~rords, the Agenc~r antrib~~ti~n shall be the nut~erator, <br /> ar~d the sizt~ of the Ae~~cy antrib~~tion pl~~~ t~~e Horr~ebr~yer otrtr;ibutiarl shall be the <br /> del~olnrn.tor ~f a ~~+ac#ion that equals a percentage that ~ t~~c Variable Applicable Factor ~s~~bject <br /> t~ SeC~IDII ~~~~~~1~~, <br /> ~~~ii~~~e Ap~~iicauI~ Factor = A~c,~',,,,,C~ntri~u~la~~ <br /> Aen~y Coi1~~~il~utiol1 Ha~rte~iu~re~i a~~t~~ibutiott <br /> Fo~~ earnple, if tl~e Agel~cy or~trib€~tio~~ eq~~als $0,000 at~d tl~e Har~lebuyer <br /> antribution equals X0,000, the ~at•iable Applicable Factor ~o~rld eq~~al 10.7°I~ x$30,000 <br /> divided by the sum af0,000 pl~~s ~~0,000}. <br /> 1U.7°l0 ~4~a~siable A~~~~ficabl~ Fac~or•} _ _ ~U,~oO (A~e~~c~ ~o~~~ribu#ioi~} , <br /> ~3~,UDO ~Age~~~y ~ontr~b~~#iol~~ ~~50,~oU ~Hamelu~ry~r <br /> ~U~ltl`l~lll~10~~~ = {~$oyo~~~ <br /> i <br /> ~i} Tl~e "Agency or~tribution" ~ tl~e sun of the folla~~ing amounts <br /> caritr"ibu#ed bar #l~e Agency to tale iOrrr•cl~ase price o~ t~~e Proper# f ~ii~~ci al amount of the <br /> ~ p ~ <br /> ~Io~neblryer Assistance Laarl, i,e,, the Affordable Hor~sitlg host Subsidy has hereinafter de~ned~; <br /> and ~ii~ the principal at~or~nt~s} of an~~ other loat~~s} or subsidy~ies~ pro~lded by the Agency. <br /> ~tl~ The "Han~ebuyer ontrrbutrar~" is the sure of the folio~vi~~ <br /> amounts contributed by the Homebuyer to the purchase price of the Property: ~i~ the principal <br /> ama~~rit of tl~e First Lie~~ loan; ~i i~ tl~e Hall~ebuyer''s cash do~~rr~ pay~~~ent plus tl~e Hot~ebuyer's <br /> <br /> poltian of closit~ casts; a~~d ~iii~ tl~e original principal ar~outrt off' loat~s~s~ or other subsicly~ies} <br /> ELI-III' ~-3 A~`pT~HNI~NT N0, <br /> Promissory 1~ote <br /> <br /> ~~C~aCll~~~b?3~'~~f2~~272-~4~1 ~ <br /> <br />