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Low- income House and the Shared Equity Agreement, the Loan Documents, <br />and the Trust funds relating to said Low- income House in which the <br />Town has an interest; and the Corporation may pursue such other <br />remedies available to it in accordance with law, equity, and /or this <br />Agreement. <br />B. Term. This Agreement, unless sooner terminated as <br />provided herein, shall terminate on the 100th anniversary date of this <br />Agreement, or, if North Carolina law requires that this Agreement <br />and /or any rights granted in this Agreement be otherwise limited in <br />duration, this Agreement shall expire twenty years after the death of <br />the last survivor of these persons: the children living as of the <br />date of this Agreement of the directors and officers of the <br />Corporation. <br />t <br />C. Early Termination. In addition to other causes of <br />early termination as stated in this Agreement, this Agreement shall <br />terminate when economic conditions change such that the average cost <br />of a house in Chapel Hill,.6orth Carolina, is less than 150% of 80% of <br />the median income for the Raleigh - Durham Non - metropolitan Statistical <br />area for North Carolina fora family of four as determined, from time <br />to time, by HUD. In the event of such an early termination of this <br />Agreement, the Town shall distribute the monies hereinafter described <br />according to this schedule, which provisions shall survive termination <br />of this Agreement: it shall distribute to the Town promptly upon <br />receipt the Town's share of the Loan Document proceeds; it shall <br />distribute to the Trust promptly upon receipt all of the monies it <br />thereafter receives pursuant to the terms of all Shared Equity <br />Agreements hereunder, then contracted for, and /or outstanding; and it <br />- 35 - <br />