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T~•ansfe~;ee is N~oderate .come Household, and the pu~~•chae pt•ice is at an <br /> Affordable Mousing host, <br /> c, rtifica#es from taxi#ies, Homehuyez• and p~ioposed <br /> T~•ansfe~•ee each shill ce~•tify in z•iting, in a ~a~;m ~ceptable ~o ~.enc, the t~~ <br /> T~•a~fer shall be closed in aeeot~dance with, and only with, the texin~s of the sales <br /> cont~iact and other documents subn~ztted to aid app~•o~ed Agency and that all <br /> consideration deli~e~~ed by the p~•opased Tr~nsfe~•ee to one~• has been full <br /> disclosed to Agency The ritte~ ce~~ti~cate shall also include a pra~ision that in <br /> the event a Transfe~• is nude in violation of the terms o~'this Restriction or false o~i <br /> misleading statements are wade in an docu~ents or cc~•tificate subn~it~ed to <br /> y <br /> Agency fo~• tts approval of the T~~ansfer, Agency sha11 have the ~~iht to file a~. <br /> aetian at lam ot• in, equity to ~~al~e the pa~•ties terminate andlor ~•escind the sales <br /> contract andlor decla~;e the sale void n~tithtanding the fact that the Transfer many <br /> have closed and heco~ne final as between ~o~.ehuyer and Trar~sfe~•ee, <br /> d, ~~~##en orrse~~# of Agency ea~~ii~•ed ~c~`a~c T~+ansfe~~, <br /> During tl~e Affoz~dability Pe~{iod, the p~ioperty, and any interest therein, shall not be <br /> conveyed by ar~y Transfer except v~ith the expz~ess written consent of Agenc , <br /> y <br /> which consent shall be given only if the T~•ansfer is accorda~.ce with the <br /> provisions ofthis Restrictian• This p~•a~ision shall not prohibit the e~cumherin of <br /> title for the sale purpose of securing financing of the pu~4chase price o the <br /> F~ioperty, <br /> e~ No#ice of Prohi~~~ed T~#ansfer, Within tv~e~ty days aver <br /> ~}ecei~ring natlfic~tion of ~ praasecl T~i~.~s~'e~# i~ acco~id~nee ~lt~i eetla~ 4a,, <br /> Agency shall determine and give notice to ~Io~nebuyeti as to whether the p~iaposed <br /> Tz~ansfer is a permitted Transfer or P~*ohihited T~{~ns~`e~~, ar hethe~• the T~i~sfe~i <br /> mould cause are acceleration under the dote unde~• ection~ I .f. of the Ag~•eement, in <br /> which case, upo~~ Ha~r~ebuyer's py~~ent of the ontinge~at Eq~~ity pa~~ticipation <br /> Amount as set forth in ectian of the Ag~;eement such Transfez~ mould be deemed <br /> a perrrlitted Transfe~~. In the event that the proposed Tra~~sfe~• is P~•ohibited <br /> Transfer, such notice to Homebuye~• shall specify the nature of the Prohibited <br /> T~•ansfer. the violation is not cor~•ected to the satis~'action of Agency within ten <br /> ~ 1 a~ days a~e~• the date of the native, or within such fu~~ther tlnae as Agenc <br /> dete~•mines is necesa~~y to car~•ect the violation, Agency nay declare a default <br /> under this estrictto~• Hpan the decla~•ation of . Default, Agency nay appl to a <br /> Y <br /> court of competent ~u~•isdiction for specific perforn~a~ce of this Restriction, fa~i an <br /> injunction ~~;ohibitin a ~ropased sale a~• Tt•ansfe~; in violation a` t~.is Restrtetion, <br /> foz~ a dcla~•ation that the prohibited T~•ansfer is void, or fo~• any such othe~* relief as <br /> may be appropriate, <br /> ATTACH~~T ~a~ ~ ~-3 <br /> <br /> D~s~Cll ~OO~i7~4t~31~~~~7~-~00~ F <br /> I <br /> <br />