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6.B. - Page 66 of 113 <br />Section 5.5. "Habitat Deed of Trust" is <br />defined in Recital F "Habitat Loan" is <br />defined in Recital F. "Habitat Note" is <br />defined in Recital F. <br />"Home" is defined in Recital D <br />"Homebuyer Deed of Trust" means the Performance Deed of Trust to be executed by <br />Owner for the benefit of City substantially in the form attached as an Exhibit to the <br />Regulatory Agreement and recorded against the Home <br />"Low Income Household" means a household which has an Adjusted Household <br />Income not to exceed eighty percent (80%) of Area Median Income adjusted for actual <br />household size. <br />"Power of Termination" is defined in Section G <br />"Option" is defined in Section 6 1. <br />"Original Affordable Sales Price" means —Dollars ($� <br />"Original Purchase Price" means the Purchase Price as defined in <br />Recital E "Purchase Price" is defined in Recital E. <br />"Qualifying Improvements" is defined in Section 6 5.1. <br />"Regulatory Agreement" means that certain Affordable Housing Regulatory Agreement <br />and Declaration of Restrictive Covenants dated as of , 2020, executed by and <br />between Habitat and City, and recorded in the Official Records of San Mateo County on <br />20 as instrument no <br />"Successor -in -interest" means a person or household, other than Owner, which may <br />acquire the Home at any time during the Term by purchase, assignment, transfer or <br />otherwise pursuant to the terms of this Agreement. Upon acquisition of the Home, the <br />Successor -In -Interest shall be bound by each of the covenants, conditions and <br />restrictions of this Agreement as Owner. <br />"Term" means the period beginning on the Effective Date and ending on the date which <br />is the later of the fifty-fifth (55th) anniversary of the Effective Date and the fifty-fifth <br />anniversary of the date this Agreement is recorded in the Official Records of San Mateo <br />County <br />"Transfer" is defined in Section 5 1 <br />"Transfer Notice" is defined in Section 5 3 <br />2. OWNER'S REPRESENTATIONS AND WARRANTIES. <br />Owner hereby acknowledges, represents and warrants the following as of the Effective Date <br />REV: 01-22-21 PR <br />1619\01\2521032. 1 <br />10/9/2020 <br />OAK #4834-0642-2484 Q <br />ATTY/AGR.2020.305/Habitat for Humanity Greater San Francisco (Grant Agreement w/ Exhibits) (Page 62 of 109) <br />79 <br />