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With respect to any event of default, the non-defaulting party may exercise any right <br /> available to it at law or in equity with respect to such default. <br /> F. Books and Records. The Owner shall maintain records of its grant requirements under <br /> this contract for a period of not less than five (5) full fiscal years following the contract <br /> completion date. <br /> 1. The Owner shall ensure access to records and financial statements, as necessary, to <br /> provide effective monitoring and evaluation of project performance. Additionally, <br /> The Owner shall submit a copy of its annual audit to the County. <br /> 2. Upon reasonable advance notice, County or its authorized representatives may from <br /> time to time inspect, audit, and make copies of any of The Owner records that relate <br /> to this contract. If any audit by County discloses that payments to The Owner were in <br /> excess of the amount to which The Owner was entitled under this contract, The <br /> Owner shall promptly pay to County the amount of such excess. If the excess is <br /> greater than 1% of the contract amount, The Owner shall also reimburse County its <br /> reasonable costs incurred in performing the audit. <br /> 3. The Owner shall maintain files of all tenants, regardless of length of occupancy, <br /> residing in assisted units. Documentation shall verify eligibility for federal assisted <br /> housing at the point of initial tenancy and every subsequent year thereafter for the <br /> period of affordability. Information maintained shall include: tenant income level; <br /> name of family members; ethnic data; family type — e.g. female head of household; <br /> disability status; and monthly rent. <br /> 4. The Owner shall maintain records verifying the affordability of the dwelling units. <br /> G. Notices. Any Notice shall be in writing and shall be given by depositing the same in the <br /> United States mail, post-paid and registered or certified, and addressed to the party to be <br /> notified, with return-receipt requested, or by delivering the same in person to an officer or <br /> principal of such party. Notice deposited in the mail in the manner here in above <br /> described 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. Human Rights and Community <br /> Development Department <br /> P.O. Box 8181 <br /> Hillsborough,NC 27278 <br /> ATTN: Director <br /> ii. To Owner: Weaver Community Housing Association <br /> 703-A North Greensboro Street <br /> Carrboro,NC 27510 <br /> ATTN: President, Board of Directors <br /> �L <br />