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7 <br />With respect to any event of default, the non-defaulting party may exercise any right <br />available to it at law or in equity with respect to such default. <br />F.Books and Records.Habitatshallmaintain records of its grant requirements under this <br />contract for a period of not less than five (5) full fiscal years following the contract <br />completion date. <br />1.Habitatshallensure access to records and financial statements, as necessary, to <br />provide effective monitoring and evaluation of project performance. Additionally, <br />Habitatshallsubmit a copy of its annual audit to the County. <br />2.Upon reasonable advancenotice, County or its authorized representatives may from <br />time to time inspect, audit, and make copies of any of Habitatrecordsthat relate to <br />this contract. If any audit by County discloses that payments to Habitatwerein excess <br />of the amount to which Habitatwasentitled under this contract, Habitatshall <br />promptly pay to County the amount of such excess. If the excess is greater than 1% of <br />the contract amount, Habitatshallalso reimburse County its reasonable costs incurred <br />in performing the audit. <br />3.Habitatshall maintain files of allhomebuyers, regardless of length of occupancy, <br />residing in assisted units. Documentation shall verify eligibility for federal assisted <br />housing at the point of initial purchase. Information maintained shall include: tenant <br />income level; name of family members; ethnic data; family type –e.g. female head of <br />household; disability status; and monthly rent. <br />4.Habitatshallmaintain records verifying the affordability of the dwelling units. <br />G.Notices.Any Notice shall bein writing and shall be given by depositing the same in the <br />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 />principalof such party. Notice deposited in the mail in the manner here in above <br />described shall be effective upon mailing. For purposes of Notice, the addresses of the <br />parties shall, unless changed as hereinafter provided, be as follows: <br />1.To the County:Orange County <br />c/o Housingand Community DevelopmentDepartment <br />P.O. Box 8181 <br />Hillsborough, NC 27278 <br />ATTN: Director <br />2.To Habitat:Habitatfor Humanity <br />88 Vilcom Center Drive, Suite L110 <br />Chapel Hill, NC 27514 <br />ATTN: Executive Director <br />DocuSign Envelope ID: 12C19140-2C02-498E-AD84-772B4830D31B