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RB 202 13/17 <br />undertaking, obligation, covenant or condition as set forth in this Agreement. With respect to <br />any event of default, the non - defaulting party may exercise any right available to it at law or in <br />equity with respect to such default. <br />e. Boobs and Records. EmPOWERment shall maintain records of its grant <br />requirements under this contract for ninety-nine (99) years following the contract completion <br />date or until the last of the housing units that are part of the Project is sold to a nonqualified <br />buyer, whichever first occurs. <br />i. EmPOWERmeat shall ensure access to records and financial statements, as <br />necessary, to provide effective monitoring and evaluation of project performance. Upon <br />reasonable advance notice, County or its authorized representatives may from time to <br />time inspect, audit, and make copies of any of EmPOW Rment's records that relate to <br />this contract, If any audit by County discloses that payments to FmPOWERment were in <br />excess of the amount to which EmPOWERment was entitled under this contract, <br />EmPOWERment shall promptly pay to County the amount of such excess. If the excess <br />is greater than 1% of the contract amount, EmPOWERment -shall also reimburse County <br />its reasonable costs incurred in performing the audit. <br />ii, EmPOWERment shall maintain files of all buyers, regardless of length of <br />occupancy, residing in assisted units. Documentation shall verify eligibility for federal <br />assisted housing, at the point of initial closing on the unit, and every subsequent buyer <br />thereafter for the period of affordability. Information maintained shall include buyer <br />income level, ethnic data, female head of household, and disability status and Property <br />and Improvement purchase price. <br />iii. EmPOWERment shalt maintain records verifying the affordability of the assisted <br />units. <br />d. Notices. Any Notice shall be in writing and shall be given by depositing the same <br />W the 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 described shall <br />be effective upon mailing. For purposes of Notice, the addresses of the parties shall, unless <br />changed as hereinafter provided, be as follows: <br />To the County: Orange County <br />c/o Housing and Community Development <br />Department <br />R0. Box 8181 <br />Hillsborough, NC 27278 <br />ATTN: Director <br />