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(g) Minimum Value. $ 180,000 , which represents the maximum value for which the GMMHC will construct and sell the Improvements. (h) Mortgage and Holder. The term "mortgage" shall include the mortgages referenced in Article VI of this Agreement and any deed of trust or other instrument creating an encumbrance or lien upon the Property of any part thereof, as security for a loan. The term "holder" in reference to a mortgage includes any insurer or guarantor. (other than the GMMHC) of any obligation or condition secured by such mortgage or deed of trust. (i) Property. The real property located in Ramsey County, Minnesota, commonly referred to as 2018 Hamline Avenue, and legally described as: Lots 16, 17, and 18, Block 10 Midway Hills Rearrangement of Como Garden Lots. G) Unavoidable Delays. Delays which are the direct result of strikes, labor troubles, fITe or other casualty to the Improvements, litigation commenced by third parties which results in delays or acts of any federal, state or local government, except those contemplated by this Agreement, which are beyond the control of the GMMHC. Section 1.2. Exhibits. The following Exhibits are attached to and by reference made a part of this Agreement: A. Fonn of Certificate of Completion B. Site Development and Housing Design Criteria Section 1.3. Rules of Interpretation. (a) Minnesota. This Agreement shall be intetpreted in accordance with and governed by the laws of the State of (b) The words "herein" and "hereof' and words of similar import, without reference to any particular section or subdivision refer to this Agreement as a whole rather than any particular section or subdivision hereof. (c) References herein to any particular section or subdivision hereof are to the section or subdivision of this Agreement as originally executed. (d) Any titles of the several parts, articles and sections of this Agreement are inserted for convenience and reference only and shall be disregarded in construing or interpreting any of its provisions. ARTICLE II. REPRESENTATIONS AND UNDERTAKINGS Section 2.1. By the GMMHC. The GMMHC makes the following representations and undertakings: (a) The GMMHC has the legal authority and power to enter into this Agreement and has duly authorized the execution, delivery and perfonnance of this Agreement; (b) The GMMHC has the personnel and expertise necessary to fulfill its obligations under this Agreement. (c) The GMMHC will make every effort to sell the newly constructed home to a first time homebuyer meeting the criteria of Ramsey County and Minnesota H>using Finance Agency for access to down payment assistance and low interest first mortgage. The GMMHC will propose for City approval its proposed sale and provide the City with sufficient infonnation for the City to determine GMMHC compliance with this Section 2.1 (c) 2