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4 <br /> b. Default, Remedies. This Agreement may be terminated by a non-defaulting <br /> party upon an event of default hereunder, after written notice thereof and thirty (30) <br /> days grace period in which the defaulting party may act to cure, unless a satisfactory <br /> cure cannot be obtained in thirty (30) days, in which case the defaulting party must <br /> diligently and continually thereafter work to cure as soon as is possible. As used <br /> herein, the term "an event of default" shall mean and refer to a failure or act of <br /> omission by either party with respect to any undertaking, obligation, covenant or <br /> condition as set forth in this Agreement, and the defaulting party 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 party, 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-deafulting 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 and <br /> other documents relating directly to the receipt and disbursement of grant funds and <br /> the fulfillment of this Agreement. Each party agrees that any authorized representative <br /> of the County, the State, the U.S. Department of Housing and Urban Development and <br /> Comptroller General of the United States shall, at all reasonable times, have access to <br /> and the right to inspect, copy, audit and examine all of the books, records and other <br /> documents relating to the grant and the fulfillment of this Agreement for a period of <br /> 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 Grant <br /> Agreement between the County and the State and agree that any conflict between the <br /> provisions, requirements, duties or obligations of this Agreement and the HOME Grant <br /> 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 depositing the <br /> same in the United States mail, post-paid and registered or certified, and addressed to <br /> 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 hereinabove 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 /> i. To the County: <br /> ii. To OCHC: Orange Community Housing Corporation <br /> P.O. Box 307 <br /> Carrboro, NC 27510-0307 <br /> ATTN: Executive Director <br /> 3 <br />