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Attachment A 406 Section 6.3. Subordination . In order to facilitate obtaining financing for the 407 construction of the Improvements by the Developer, the Authority may, in its sole and exclusive 408 discretion, agree to modify this Agreement in the manner and to the extent the Authority deems 409 reasonable, upon request by the financial institution and the Developer, including subordination 410 of the Authority’s Note and Mortgage. 411 412 Section 6.4. Assignment of Authority Mortgage to Homeowner . Upon conveyance 413 of the Property and completed Improvements by the Developer to the Homeowner, the 414 Developer shall assign, and the Homeowner shall assume, the Note and Mortgage for the 415 Purchase Price of the Property. Pursuant to the terms of the Note and Mortgage, no payments of 416 principal or interest shall be payable by the Homeowner to the Authority until the date the 417 Property is sold by the Homeowner to a third party not meeting the qualifications for home 418 ownership under the Journey Home USA Guidelines. 419 420 ARTICLE VII. 421 422 PROHIBITIONS AGAINST ASSIGNMENT AND TRANSFER 423 424 Section 7.1. Representation as to Redevelopment . The Developer represents and 425 agrees that its undertakings pursuant to the Agreement, are for the purpose of development of the 426 Property and not for speculation in land holding. The Developer further recognizes that, in view 427 of the importance of the Development to the general welfare of the City and the substantial 428 financing and other public aids that have been made available by the Authority for the purpose of 429 making the Development possible, the qualification and identity of the Developer are of 430 particular concern to the Authority. The Developer further recognizes that it is because of such 431 qualifications and identity that the Authority is entering into this Agreement, and, in so doing, is 432 further willing to rely on the representations and undertakings of the Developer for the faithful 433 performance of all undertakings and covenants agreed by the Developer to be performed. 434 435 Section 7.2. Prohibition Against Transfer of Property and Assignment of 436 Agreement . For the reasons set out in Section 7.1 of this Agreement, the Developer represents 437 and agrees as follows: 438 439 (a) Except as specifically allowed by this section, Developer has not made or created, 440 and, prior to the issuance of the Certificate of Completion, Developer will not make or create, or 441 suffer to be made or created, any total or partial sale, assignment, conveyance, or any trust in 442 respect to this Agreement or the Property or any part thereof or any interest therein, or any 443 contract or agreement to do any of the same, without the prior written approval of the Authority. 444 445 (b) This provision shall not be deemed as preventing the Developer from entering 446 into a Purchase Agreement for the sale of the Property to a Homeowner. 447 448 (c) This provision does not prohibit conveyances that are only by way of security for, 449 and only for the purpose of obtaining financing necessary to enable the Developer or any 450 successor in interest to the Property, or any part thereof, to perform its obligations with respect 451 to the Development under this Agreement, and any other purpose authorized by this Agreement. 9 498768v2 MNI RS275-12