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14 <br />Low- income House, which loan is secured by a first deed of trust on <br />said Low- income House. <br />G. "HUD" means the Department of Housing and Urban) <br />Development or its successors. <br />H. "Income" for any Buyer means that income which the <br />Buyer must report to the Internal Revenue Service for federal income <br />tax purposes as required by federal law from time to time for the year <br />preceding the date of the Buyer's Purchase Contract. <br />I. "Loan Documents" means documents in material accordance <br />with the terms of a promissory note and deed of trust attached to, and <br />incorporated into, this Agreement as Exhibit G. <br />J. "Low- income House" individually and "Low- Income Housed)) <br />collectively mean the house(s) and the lot(s) on which they are to be <br />t <br />built on the Property (hereinafter defined) and designated by the <br />Corporation as being for sale to Low- income Persons. <br />K. "Low- income Person" individually and "Low- Income <br />Persons" collectively mean„ the person(s) whose combined Income does <br />not exceed 80% of the median income for the Raleigh- Durham <br />Non - metropolitan Statistical Area of North Carolina for such number of <br />persons plus their dependents (as defined by federal income tax laws), <br />as determined from time to time by HUD. <br />L. "Market Houses" means houses and the lot(s) on which) <br />they are to be built on the Property designated by the Corporation as <br />being for sale to buyers other than Low- income Persons. <br />M. "Material Changes" in the case of any Low - income House <br />means changes in construction involving an increase in the <br />Corporations costs of 5% or more of the appraised value of the) <br />=-= <br />