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12 <br />8. Miscellaneous Provisions. <br />a. Termination of Agreement. The obligations of the parties hereunder and <br />the specific obligation of OCHC to acquire; rehabilitate, if necessary; and resell available <br />property in the form of single family dwellings; condominiums, and/or townhouse located in <br />Orange County to eligible Orange County residents shall terminate upon the completion <br />of the sale of the Property to a homebuyer. Continuing obligations of the homebuyer <br />shall be contained in the note and deed of trust to be recorded at the time of closing of <br />the sale of the Property. Notwithstanding the foregoing, the parties hereto may <br />terminate this Agreement at any time by a mutual agreement to that effect in writing. <br />b. Default, Remedies. This Agreement may be terminated by a non- <br />defaulting party upon an event of default hereunder, after written notice thereof is given <br />giving the defaulting party thirty (30) days in which to cure the default. As used herein, <br />the term "an event of default" shall mean and refer to a breach of any of the terms of <br />this Agreement including a failure to meet the time limitations contained in this <br />Agreement and a failure to act as required by this Agreement by either party with <br />respect to any undertaking, obligation, covenant or condition as set forth in this <br />Agreement which the defaulting party has not cured. With respect to any event of <br />default, the non-defaulting party may exercise any right available to it at law or in equity <br />with respect to such default. <br />c. Books and Records. Each party shall keep and maintain books, records <br />and other documents relating directly to the receipt and disbursement of grant funds <br />and the fulfillment of this Agreement. Eacto party agrees that any authorized <br />representative of the County, the State, the U.S. Department of Housing and Urban <br />Development and Comptroller General of the United States shall, at all reasonable <br />times, have access to and the right to inspect, copy, audit and examine all of the books, <br />records and other documents relating to the grant and the fulfillment of this Agreement <br />for a period of three (3) years following the completion of the Project. <br />d. Conflict with HOME Agreement. Notwithstanding anything herein to the <br />contrary, the parties hereto acknowledge the due execution of a HOME Program <br />Agreement between the County and the U.S. Department of Housing and Urban <br />Development and agree that any conflict between the provisions, requirements, duties <br />or obligations of this Agreement and the HOME Agreement shall be resolved in favor of <br />the HOME Agreement. <br />e. Notices. Any Notice shall be in writing and shall be given by depositing <br />the same in the United States mail, post-paid and registered or certified, and addressed <br />to the party to be notified, with return-receipt requested, or by delivering the same in <br />person to an officer or principal of such party. Notice deposited in the mail in the <br />manner here in above described shall be effective upon mailing. For purposes of <br />Notice, the addresses of the parties shall, unless changed as hereinafter provided, be <br />as follows: <br />