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Development, as amended from time to time. OCHC shall provide to the County <br /> prior to closing the sale of each home documentation, satisfactory to the County, <br /> verifying the income of each buyer. <br /> 11. The County and OCHC agree to comply with the Act and its regulations in the <br /> purchase and sale of the Property. The County and OCHC further agree to <br /> comply with the provisions of the Grant Agreement dated , <br /> attached hereto and made a part of this Agreement (Exhibit D). <br /> 12. Miscellaneous Provisions. <br /> a. Termination of Agreement. The obligations of the parties hereunder and <br /> the specific obligation of OCHC to construct homes on the Property shall terminate <br /> upon the completion of the sale of twenty homes to qualified buyers. Continuing <br /> obligations of the buyers shall be contained in the note and deed of trust to be <br /> recorded at the time of closing of the sale of each home. Notwithstanding the <br /> foregoing, the parties hereto may terminate this Agreement at any time by a mutual <br /> agreement to that effect in writing. <br /> b. Default, Remedies. This Agreement may be terminated by a non- <br /> defaulting parry upon an event of default hereunder, after written notice thereof and <br /> thirty (30) days grace period in which the defaulting party may act to cure, unless a <br /> satisfactory cure cannot be obtained in thirty (30) days, in which case the defaulting <br /> party must diligently and continually thereafter work to cure as soon as is possible. <br /> As used herein, the term "an event of default" shall mean and refer to a failure or act <br /> of omission by either party with respect to any undertaking, obligation, covenant or <br /> condition as set forth in this Agreement, and the defaulting parry does not correct or <br /> diligently and continually act to cure such default within thirty (30) days after written <br /> notice of the default from the non-defaulting parry, or, if a satisfactory cure cannot be <br /> obtained within thirty (30) days, the defaulting party does not correct or diligently and <br /> continually act to cure such default as soon as is possible. With respect to any event <br /> of default, 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, records <br /> and other documents relating directly to the receipt and disbursement of grant funds <br /> and the fulfillment of this Agreement. Each 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 <br /> books, records and other documents relating to the grant and the fulfillment of this <br /> Agreement for a period of three (3) years following the completion of all closeout <br /> procedures respecting the Community Development funds and the final settlement <br /> and conclusion of all issues arising out of the Community Development project. <br /> 3 <br />