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10~'~°Io ar~~il~le Appl~~~ble factor} x 10~,OOI~ ~~Ies Prise P~1rcl~~se Pl~~ce} ~ II~,7UD [Ulitili~~li~ <br /> ~(~11I~~' P~r~1C1~3~~101i Alii0i11if~f <br /> alelilafiol~ of orltingerit ~q~iity Participations Amount for <br /> tzbeq~r~rlt ~omc~s~~crs~ ~f purs~~ant to ectian 4 of tl~e Agrcerrrer~t and ectian 9 of this date, <br /> Buyc~~ leas firlly assumed the Hon~ebuyes''s ol~ligatiarss under the Areerrsetnt, this Date, tl~e <br /> Agency Deed of Trust Notice of Affardabnlrty Restrictions and tt~e Affordable Ha~~sirsg Resale <br /> Restr'ictian, arsd tlserefter tlse ne~~ 8~~~~er;, a tie s~~cces~oa~ ~on~ebu~e~~, i ix~ ~~r~~ez~l~ip Defa~~I# <br /> ~~hicl~ causes an e~e~~t of acceleriatian to occur, Ilse arstrrigen# Eq~rrty Pal'trerpatsars Amount to <br /> be paid by sucla B~~ye~~ shall be calcs~lated by multiplying the Variable Applicable Factor, <br /> establrsl~ed rr~ ectlar~ 7~b~~ by the difference bet~~ee~~ tl~e aces Price, established in canfarr~sity <br /> ~~ith eetian 7~I, and the Purchase Price. <br /> ~ No ApprcciatiUls on' ~]epreciatlOns in 'Yul~re of Pn•operty, ~f an e~erlt of <br /> acceleratiars oce~~rs t a ti~r~e ~~ixe~~ tine ~'roperty leas ~~ot appreciated or tl~e ~allre of the Propen~ty <br /> has depreciated the Sales I'r~ce is iess ti~an tine Purchase Pr~ice~, then tea ontii~gent Equity <br /> Participation Amount is due by Maker to Holder', <br /> fig} ~lialified capital IIIIpI~oV~ISS~ntS. The ~al~~e of and qualified apitai <br /> I~s~pro~ensents co~~spleted by faker dut~in Maker's o~~ncrsl~ip of tl~e Prol~er~ si~li be added to <br /> the Pr~rchae Price ~Ilers calculating tl~e ant~r~ent Egrrrty Participation An~ar~rrt only if, rsat <br /> later than thirty ~~a~ days prior to tlse e~terst of acceleratrars causii~g file antii~geist Eq~~rty <br /> Participation ~4n~ount ~o become immediately due and payable purs~~ant to Sections the Maker <br /> subrrsits tl~e fallaing to tine ~Ialdea~~ a~~ itemized list of tl~e uali~ed capital Il~pro~eients, <br /> iii} reliable proof of carr~pletion of the qualified capital Itr~pro~etrients has e~idcnccd, e.g., by <br /> final btrildit~ penr~sits, a certificate of carnpletrar~ ar orriisal pall irs~arces ar~ car~str~tctiot~ <br /> ca~~tracts~, and viii) an appraisal fi'ain a certified appraiser', nnI f0i'tn arsd substance reasos~ably <br /> acceptable to the ~xec~~ti~e Dig+ector, the co~~clusion of ~~hich is that the qualified capital <br /> rmpra~einerits lsa~re added the stated an~iou~lt to the fair tr~a~~ket ~altie of tl~e Property. <br /> ~f, ~~ithi~~ thirty (30~ days of receipt of tl~c iisfor'rnatian carscerr~irs the calif <br /> led <br /> capital ~mpro~en~ents, tl~e Holder questions tine claimed increase in the value of tl~e Pr'opert~ by <br /> reason of sold. ~ialified capital Iinpra~ernents, the Holder a~sd the Maker i~,~y, by il~litual <br /> agreeis~enf, estal~lisls the vl~ze of tlse ~~alified capita ~mp~•ove~~er~ts ar file ~Iaider may require <br /> an appraisal of the Prioper•ty, at file N~akei''s experlsc, by a second rrldeperldent cer;tif led appraiser <br /> appoii~ted ~y the Haller to deterrriitre the fair' irsarket value of the ~ualif~ed capital <br /> rn~praveineilts~ <br /> ~h} rct~i~ to maker, Natithstanding fire foregoing pro~nsians of this <br /> Section 7, caic~~lation of tl~e ot~tinge~~t Equity Par~icipatian Aina~snt is subject to a superrar <br /> righ# of the Maker' to s'ecei~e credit in calc«latiais of t~se Pur~cl~ase Price for money paid by the <br /> <br /> faker Lost acquisition and during fire ter'is~ of file Maker's a~vt7er•Ilsip of tl~c Property for <br /> installment pay~ne~~ts of n~o~~tgage principal, pursuant to the First Lien actually bade by the <br /> l~t~IBIT B~ T~ ~.TTA~HENTN~~ l l <br /> Pi'amissary Note <br /> <br /> ~ ~C I~CI1 ~0~6?~~f ~ 3i~~~27~-~00 ~ <br /> l <br /> <br />