Orange County NC Website
Browse       Search
20 <br /> my event of defaulf the non dendting party may exercise any right available to it at law or in <br /> equity with repect to such default <br /> C. Boo" and Records. RSI shall maintain records of its grant requirements miles <br /> Nis contract for a period of not less Nan five (5) bill fiscal years following the eenweet <br /> rompledon date. <br /> 1. RSi shall ensure access to records anal financial underwrite,as necessary,to <br /> ProvWe effective monitoring mad evaluation of project performance.Upon reasonable <br /> advance notice,County or its authortred repreaentvtves may tom time to time inspect, <br /> audit,and make copies of any of MI's accents Nm relate to this contract 1f any audit by <br /> County,discloses tut payments m PSI were in excess of to cannot W which RSI was <br /> entitled under this common,RSI shall promptly pay to Comity the amount of such excess. <br /> If the excess is greater than 1%of me conhzd amount,RSI shall also reimbume County <br /> its reasonable costs mounted m pertbrming the audit. <br /> A. .RSI shall maintain files ofi it favors, of hapth of occupancy,residing <br /> in senator Units.Documentation shall verify eligibility fm federal insisted homm&a <br /> the point of initial closing on rheum,and every subacgurit buys Waeefler Wr now <br /> 'period ofaf esdobihty.Information maintained shall include buyer becomc Icvcl,oldie <br /> darn,female head ofhousehoW,and disability status and Property,and Improvement <br /> purchase price. <br /> In RSI"nummin records verifying the affordability of the assisted wits. <br /> d. Notices. Any Notice shall be in within and shall he given by depositing NCSame <br /> in the Unitad Staten mail,postyaid and registered or com iN, and addreesN to the party, to be <br /> notified, with return initial come red, or by delivering the same in person to an officer or <br /> principal of such party. Notice deposited m the mail in the manner have w above described shall <br /> be effemive upon mailing. For purposes of Notice, life addresses of me parties small, whose <br /> changed as haeweter provided,be an follows: <br /> L. To the County. Omoge County <br /> do Housing and Community Developrwcm <br /> Deparhnem <br /> P.O.Box 8181 <br /> Hillsborough,NC 27278 <br /> ATT Donator <br /> M To RSI: Residential Services,law. <br /> P.O.Box 407 <br /> HiRSbmongh,NC 27278 <br /> AfIN:In ecutive Director <br /> 20 <br />