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IIIIIIIIIIRIIIIIIIIIIIIII =':':-,-�19 <br />0=" <br />(2) The Owner's increased Down Payment shall be paid to the Owner; <br />(3) The outstanding balance of Principal under the Promissory Note <br />shall be paid to Agency; <br />(4) The Appreciation Share according to the terms of the Promissory <br />Note; <br />(5) The Agency Note; <br />(6) The remaining amount, after deduction for closing costs, to Owner. <br />11. REPRESENTATION AND WARRANTIES <br />The Owner represents and warrants that all the information submitted to Agency <br />in connection with the Owner's purchase of the Unit, the Owner's prospective Transfer of <br />the Unit to a Proposed Purchaser, or any benefit received in accordance with the terms of <br />this Resale Agreement is true and intended to comply with all the terms of the Resale <br />Agreement. Any misrepresentation will be considered a default of this Resale <br />Agreement. <br />12. DEFAULTS AND REMEDIES <br />Upon a violation by the Owner or the Owner's Proposed Purchaser of any of the <br />provisions of this Resale Agreement or of any Resale Agreement entered into in <br />connection with the Owner's purchase of the Unit, including but not limited to the <br />Promissory Note, the Deed of Trust, the Agency Note, the Second Deed of Trust, the <br />Grant Deed or any other lien, including a judgement lien, recorded against the Unit, <br />Agency may give written notice to the Owner in the manner specified in Section 22 of <br />this Resale Agreement, specifying the nature of the violation. If the violation is not <br />corrected to the City's satisfaction within a reasonable period of time, in any event, not <br />longer than thirty (30) days after the date the notice from the Agency is received or <br />refused by the Owner, the Agency may declare a default under this Resale Agreement. <br />Upon the declaration of a default, the Agency may apply to a court of competent <br />jurisdiction for specific performance of this Resale Agreement, for an injunction <br />prohibiting a proposed Transfer in violation of this Resale Agreement, for a declaration <br />that a Transfer in violation of this Resale Agreement is void, for the acceleration of all <br />amounts due under the Promissory Note and for subsequent termination of this Resale <br />Agreement, or for any other relief at law or in equity as may be appropriate. In any <br />event, any costs, liabilities or obligations incurred by the Owner and the Owner's <br />Proposed Purchaser for the return of any money paid or received in violation of this <br />Resale Agreement or for any costs or legal expenses shall be borne by the Owner and the <br />Owner's Proposed Purchaser. The Owner and the Owner's Proposed Purchaser shall <br />indemnify, hold the Agency and its Board members, elected and appointed officers, <br />employees and agents harmless, and shall reimburse their expenses, legal fees and costs <br />for any action reasonably taken in good faith to enforce the terms of this Resale <br />Agreement. <br />9 <br />