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4 <br /> thereof and thirty (30) days grace period in which the defaulting party may <br /> act to cure, unless a satisfactory cure cannot be obtained in thirty (30) <br /> days, in which case the defaulting party must diligently and continually <br /> thereafter work to cure as soon as is possible. As used herein, the term "an <br /> event of default" shall mean and refer to a failure or act of omission by <br /> either party with respect to any undertaking, obligation, covenant or <br /> condition as set forth in this Agreement, and the defaulting party does not <br /> correct or diligently and continually act to cure such default within thirty <br /> (30) days after written notice of the default from the non-defaulting party, <br /> or, if a satisfactory cure cannot be obtained within thirty (30) days, the <br /> defaulting party does not correct or diligently and continually act to cure <br /> such default as soon as is possible. With respect to any event of default, <br /> the non-defaulting party may exercise any right available to it at law or in <br /> equity with respect to such default. <br /> C. Books and Records. Each party shall keep and maintain books, <br /> records and other documents relating directly to the receipt and disbursement <br /> of grant funds and the fulfillment of this Agreement. Each party agrees that <br /> any authorized representative of the County, the State, the U.S. Department of <br /> Housing and Urban Development and Comptroller General of the United States <br /> shall, at all reasonable times, have access to and the right to inspect, copy, <br /> audit and examine all of the books, records and other documents relating to <br /> the grant and the fulfillment of this Agreement for a period of three (3) <br /> years following the capletion of the Project. <br /> d. Conflict with B3M Agreement. Notwithstanding anything herein to <br /> the contrary, the parties hereto acknowledge the due execution of a HOME Grant <br /> Agreement between the County and the State and agree that any conflict between <br /> the provisions, requirements, duties or obligations of this Agreement and the <br /> HOME Grant Agreement shall be resolved in favor of the HOME Grant Agreement. <br /> e. Notices. Any Notice shall be in writing and shall be given by <br /> depositing the same in the United States mail, post-paid and registered or <br /> certified, and addressed to the party to be notified, with return-receipt <br /> requested, or by delivering the same in person to an officer or principal of <br /> such party. Notice deposited in the mail in the manner hereinabove described <br /> shall be effective upon mailing. For purposes of Notice, the addresses of the <br /> parties shall, unless changed as hereinafter provided, be as follows: <br /> i. To the County: Orange County <br /> c/o Housing and Community Development Department <br /> P.O. Box 8181 <br /> Hillsborough, NC 27278 <br /> ATTN: Director <br /> ii. To OCHC: Orange Camunity Housing Corporation <br /> P.O. Box 307 <br /> Carrboro, NC 27510-0307 <br /> ATM: Executive Director <br /> Either the County or OCHC may change the person or address to which any future <br /> Notice shall be given as herein provided. <br /> 3 <br />