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(c) The release of all or part of the Mortgaged Property or the release of any party <br /> who assumes all or any part of such performance; <br /> (d) Any act or omission by the County (but this provision does not relieve the County <br /> of any of its obligations under this Agreement); <br /> (e) The sale of all or any part of the Mortgaged Property; or <br /> (f) Another party's assumption of the affordable housing owner's obligations under <br /> this Agreement. <br /> ARTICLE III <br /> AFFORDABLE HOUSING OWNER'S PAYMENT OBLIGATION AND <br /> RELATED MATTERS <br /> 3.01 Payment. The affordable housing owner shall repay the Amount Reimbursed by <br /> making Payment to the County in lawful money of the United States at the times and in the <br /> amounts set forth in Exhibit D, except as otherwise provided in this Agreement. As indicated in <br /> Exhibit D, the Payment reflects the repayment of the Amount Reimbursed and includes the <br /> designated interest component. <br /> 3.02 Additional Pam. The affordable housing owner shall pay all Additional <br /> Payments on a timely basis directly to the person or entity to which such Additional Payments <br /> are owed in lawful money of the United States. <br /> 3.03 Late Payments. If the affordable housing owner fails to pay any Payment when <br /> due, the affordable housing owner shall pay additional interest on the principal component of the <br /> late Payment(as permitted by law) at an annual rate equal to 10%from the original due date. <br /> 3.04 No Abatement. There shall be no abatement or reduction of the Required <br /> Payment, for any reason, including, but not limited to, any defense, recoupment, setoff, <br /> counterclaim, or any claim (real or imaginary) arising out of or related to the Site or of the <br /> Facilities, except as expressly provided in this Agreement. The affordable housing owner <br /> assumes and shall bear the entire risk of completion, loss and damage to the Site and the <br /> Facilities from any cause whatsoever. The Payment shall be made in all events unless the <br /> affordable housing owner's obligation to make Payment is terminated as otherwise provided in <br /> this Agreement. <br /> ARTICLE IV <br /> AFFORDABLE HOUSING OWNER'S COVENANTS,REPRESENTATIONS <br /> AND WARRANTIES <br /> 7 <br />