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! I , I ( { HOME LOAN AGREEMENT Cuyahoga Housing Consortium City of Lakewood, Ohio Homebuyer Program This HOME Loan Agreement (the "Agreement") is entered into the day of , 1995, by and between (i) the borrower (the "Eligible Borrower") identified in the Term Sheet attached hereto and made a part hereof as Exhibit A to this Agreement (the "Term Sheet") and (ii) the City of Lakewood, Ohio, a municipal corporation and political subdivision duly organized and existing under the laws and Constitution of the State of Ohio, whose principal address is 12650 Detroit Avenue, Lakewood, Ohio 44107 on behalf of itself (in that capacity the "City") and on behalf of the Cuyahoga Housing Consortium (the "Consortium"), a consortium created under that certain Consortium Agreement, dated June 7, 1993, as amended (the "Consortium Agreement"), and executed pursuant to Section 307.15 of the Ohio Revised Code, by and among the County of Cuyahoga, Ohio, as lead entity for the Consortium (the "Lead Entity), the City of Euclid, Ohio, the City of Lakewood, Ohio and the City of Cleveland Heights, Ohio. WITNESSETH: WHEREAS, the Consortium has been designated and empowered as a grantee of funds from the United States Department of Housing and Urban Development ("HUD") and is responsible for the development, implementation, administration and evaluation in its jurisdiction of HOO's HOME Investment Partnerships Program, 24 CFR Part 92 authorized by the HOME Investments Partnership Act (Title II of the Cranston-Gonzalez National Affordable Housing Act, Pub. L. No. 101-625, 104 Stat. 4079, as amended (said Act collectively with the regulations of 24 CFR Part 92, the "HOME Program"); and WHEREAS, Section 92.205 of the HOME Program authorizes the use of HOME Program funds (the "HOME Funds") by the Consortium to provide incentives to develop and support, among other things, homeownership affordability through, among other things, the acquisition of non-luxury housing with suitable amenities; and WHEREAS, the City is a member of the Consortium pursuant to the Consortium Agreement; and WHEREAS, the City has proposed to the Consortium a program to develop and support homeownership affordability within the geographic boundaries of the City through the acquisition (the "Program"), pursuant to a Homebuyer Loan Agreement (the "Homebuyer Agreement") to be entered into by and between the City, on behalf of itself and the Consortium, and an Eligible Borrower, as hereinafter defmed, such acquisition pursuant to such Homebuyer Agreement hereinafter referred to as a "Project"); and 1