RECAPTURE PROVISION. The PATHWAY TO PURCHASE DPCCA Loan, being secured by this Deed of Trust, shall be forgiven upon the 10th anniversary of the Note at the “end of the Affordability Period (the “Maturity Date”), in accordance with the schedule provided in paragraph 2.A above, PROVIDED THAT no Recapture Event occurs prior to the Maturity Date. If a Recapture Event does occur prior to the Maturity Date, then the full Recapture Amount shall become immediately due and payable. The Borrower certifies that there is no lien, security interest or other encumbrance on Borrower's right, title or interest in the Property other than the purchase money financing, if any, used to acquire the Property.
Appears in 4 contracts
Samples: Purchase Dpcca Regulatory Agreement, Purchase Dpcca Regulatory Agreement, Purchase Dpcca Regulatory Agreement
