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<br />f <br /> <br />¡ <br />I <br /> <br />TABLE OF CONTENTS <br /> <br />PAGE <br /> <br />SECTION 1. DEFINITIONS <br /> <br />.... . ................. ....... ..... . . <br /> <br />2 <br /> <br />SECTION 2. USE AND TERMS OF CONSORTIUM HOME LOAN .......... 3 <br /> <br />SECTION 3. DISBURSEMENT OF CONSORTIUM HOME LOAN. . . . . . . . . .. 4 <br /> <br />SECTION 4. LEAD ENTITY RESPONSIBILITIES ..................... 5 <br /> <br />SECTION 5. CITY RESPONSIBILITIES. . . . . . . . . . . . . . . . . . . . . . . . . . .. 5 <br /> <br />SECTION 6. COMPLIANCE BY THE ELIGIBLE BORROWER WITH COUNTY, <br />STATE AND FEDERAL REQUIREMENTS ................. 5 <br /> <br />SECTION 7. OTHER LONG-TERM OBLIGATIONS OF ELIGIBLE BORROWER.. 9 <br /> <br />SECTION 8. WARRANTIES AND REPRESENTATIONS OF THE ELIGIBLE <br />BORROWER .................................... 10 <br /> <br />SECTION 9. EVENTS OF DEFAULT/REMEDIES ..................... 11 <br />A. Events of Default ..... . . . . . . . . . . . . . . . . . . . . . . . .. 11 <br /> <br />B. Remedies ...................................11 <br /> <br />SECTION 10. GENERAL PROVISIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . ., 12 <br />A. Entire Understanding . . . . . . . . . . . . . . . . . . . . . . . . . . .. 12 <br />B. Term of Agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . ,. 12 <br />C. Binding Agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 12 <br />D. Assignment..................················ 12 <br />E. Execution Counterparts . . . . . . . . . . . . . . . . . . . . . . . . . .. 12 <br />F. Severability............ . . . . . . . . . . . . . . . . . . . . .. 12 <br /> <br />G. Captions......................·············· 12 <br />H. Laws of State Govern. . . . . . . . . . . . . . . . . . . . . . . . . . .. 12 <br /> <br />EXHIBIT A <br />EXHIBIT B <br />EXHIBIT C <br />EXHIBIT D <br />EXHIBIT E <br /> <br />EXHIBIT F <br />EXHIBIT G <br />EXHIBIT H <br /> <br />Term Sheet. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A-I <br />DefInitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B-1 <br />Approved Budget . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C-l <br />Request For Disbursement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D-l <br />Form of Consortium Promissory Note and Consortium <br /> <br />Mortgage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E-l <br />Form of Consortium Mortgage . . . . . . . . . . . . . . . . . . . . . . . . . . F-l <br />Table of Median Incomes ............................. G-l <br />Intentionally Left Blank .............................. H-l <br /> <br />2. <br />