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t <br />�r <br />said event the Low-income-House shall be sold pursuant to the terms of <br />a Shared Equity Agreement such that, at resale, the Town again shall <br />resume its obligation to attempt to resell the Low- income House to a <br />Buyer pursuant to the terms of this Agreement. In the event of such a <br />rental or sale, the Town shall: (i) reimburse Orange County, ECD, and <br />NCHFA for any expenses, costs, damages, penalties, or other sums which <br />may be determined to be due arising therefrom, including but not <br />limited to sums ineligible for use as CDBG and /or NCHFA funds as used <br />by the Corporation and B /buyers of Low - income Houses; and (ii) deposit <br />all rental income, and amounts of the sale price in excess of the <br />Town's latest purchase price, related thereto into the Trust for <br />disbursement as described in this Agreement. <br />XII. Miscellaneous Provisions. <br />A. Commitment to Low- income Persons. The Corporation had <br />intended to keep the Low- income Houses affordable to Buyers and to <br />make the Low- income Houses increasingly more affordable to Very <br />Low - income Persons either by selling the Low- income Houses subject to <br />a ground lease that contains resale price restrictions or entering <br />into Shared Equity Agreements so as to be able to re- purchase the <br />Low - income Houses then reinvest loan proceeds and a large portion of <br />the Low - income Houses' equity and appreciation into the Low - income <br />Houses at resale. To further the goal of keeping the Low - income <br />Houses affordable to Low- income Persons and making the Low- income <br />Houses increasingly more affordable to Very Low- income Persons, and in <br />exchange for the ability to reinvest a large portion of the Low- income <br />Houses' equity and appreciation (as described in Exhibit H) at future <br />sales of Low- income Houses, the Town agrees and covenants with the <br />- 32 - <br />