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Rev August 8, 2018 <br /> <br />10. RIGHT TO INSPECTION. County, representatives of the State of North Carolina and <br />the United States of America shall have the right to inspect the Owner's premise during <br />reasonable hours to determine if the rehabilitation is being properly accomplished. <br /> <br />11. NONDISCRIMINATION. The Owner shall not discriminate upon the basis of race, <br />color, creed, or national origin, in the sale of the rehabilitated or improved property. <br /> <br />12. HOLD HARMLESS. The Owner agrees to save, indemnify and hold harmless County <br />from any and all claims for damages, or personal injury, arising from the rehabilitation <br />or improvement work. <br /> <br />13. AMORTIZATION OF LOAN, SALE OF PROPERTY. The Loan shall be forgiven <br />at the rate of ______% per year; however, if the Owner sells or conveys all or any <br />portion of the property within _______months following the date of this Agreement, a <br />prorated portion of the Loan shall immediately become due and payable and the Owner <br />shall be liable to County to repay the prorated portion together with the costs of <br />collection, if required, including court costs and reasonable attorney fees. The amount <br />to be repaid shall be computed as follows: <br /> <br />a. If the sale or conveyance occurs one year of the date of this Agreement, the entire <br />amount of the deferred Loan shall immediately be repaid to County; <br /> <br />b. If the sale or conveyance occurs one year of more after the execution of this <br />Agreement, the deferred Loan shall be forgiven by the County at the rate of______% <br />of the initial deferred Loan amount for each full year following the execution of this <br />Agreement that no sale or conveyance or violation of the terms and provisions of this <br />Loan has been made with the remaining balance of the deferred Loan being <br />immediately due and payable to County. <br /> <br />c. The terms "Sale" or "Conveyance" do not include the following: <br />i. The creation of a lien or an encumbrance; <br />ii. The creation of a purchase money security interest in the property for household <br />appliances, fixtures, or equipment; <br />iii. The conveyance to members of the Owner's immediate family provided the grantee's live in the same household as the owner; or; <br />iv. The devise by will or by Interstate succession of the property to a member of the <br />Owner's immediate family upon the death of the Owner and the Owner meets the <br />HUD income eligibility limits. <br /> <br />d. UPON THE EXPIRATION OF ______months following the date of this Agreement, <br />the OWNER shall have no further obligation to repay any sums to ORANGE <br />COUNTY provided the OWNER has complied with all other terms of this Agreement <br />or any other Agreement related to the HOME Investment Partnership Deferred Loan <br />Program. <br /> <br />DocuSign Envelope ID: 62EC95C2-2AA8-49D7-B576-F94193C9DB65