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� , � of Repurchase' ') for the Eligible Sales Price [as defined below] on the terms and in the manner set forth in this Addendum. Nothing in this Addendum shall constitute a waiver of any due on sale clause or other provisions contained in a deed of trust on the Property,in favor of, or which was authorized by,Habitat or Redwood City. g. Option and Repurchase Period. If Habitat decides to exercise its Right to Repurchase the Property, it shall, within fifteen (15) days of receipt of the notice specified above, notify the Owner in writing that it chooses to exercise the option. Said notice to the owner shall be sent by Certified Mail, Return Receipt Requested. If Habitat exercises its Right to Repurchase, it shall repurchase the Property within sixty (60) days of the date it sends to owner notice of exercise of its option to purchase. Habitat may, instead of purchasing the Property itself, assign its right to purchase the Property to a person or entity of its choosing. If Habitat elects not to exercise its option to repurchase, it shall inform the Owner or the City of Redwood City in writing within sixty (60) days of receipt of the notice specified above, and thereafter, the City of Redwood City shall have the right and option to exercise the option for an additional sixty (60) days after receipt of such notice from Habitat. h. Effect of Failure to Record Waiver. If neither Habitat nor the City of Redwood City elects to exercise the Right of Repurchase with respect to the Property, Habitat shall record, and deliver to owner, a notice of waiver, within sixty (60) days after receipt of the Transfer Notice from Owner, in the Official Records of San Mateo County stating that both Habitat and Redwood City have waived its respective Right of Repurchase; provided however, that, any subsequent purchaser of the Property from the owner shall be subject to this Right of Repurchase during the term hereof. Such waiver shall not constitute a waiver for any other future Transfer of the Property, including, but not limited to, any future sale of the Property. If the Notice of Waiver is not recorded it shall be presumed that said Right of Repurchase has not been waived. i. Resale by Habitat or Redwood Citv. If either Habitat or Redwood City exercises the Right of Repurchase, Habitat or Redwood City shall again sell or lease the Property to an Eligible Household selected by Habitat. The transfer price established by Habitat or Redwood City for such subsequent transfe��will be the Eligible Sales Price when Habitat or Redwood City exercises its Right of Repurchase and acquires the Property. Any such subsequent sale of the Property by Habitat or Redwood City shall be subject to the Right of Repurchase expressed in this Grant Deed, or such other terms as may be specified in any subsequent Grant Deed from Habitat or Redwood City. j. Repurchase Price-Eligible Sales Price. The Eligible Sales Price for the repurchase of the Property by Habitat or Redwood City shall be the original Purchase Price of the Property when acquired by the owner from Habitat, adjusted � by the percentage change, since the date that the owner acquired the Property based upon the date of recordation of the deed conveying the Property to the owner from Habitat, to and including the date that Habitat or Redwood City gives its notice of exercise of its option to repurchase,in the Median Income, adjusted by family size, as provided by the U.S. Department of Housing and Urban Attachment No. 7 Page 3 of 5