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attorney or other representative . Developer will use template assignment of loan and <br /> loan sale and servicing agreement documents approved by Grantee' s attorney . If <br /> proposed additions to the template documents are acceptable to Grantee, Grantee will <br /> inform Developer or Developer' s representative prior to closing for the sale of the <br /> home . The County Community Development Director shall have the authority on the <br /> County' s behalf to execute assignment of NSP3 mortgages and shall have the authority <br /> to enter into sales and servicing agreement for said mortgages . <br /> Be Closing Responsibilities <br /> In addition to having the responsibilities described above, Developer will retain a closing <br /> agent and an attorney for Developer' s own legal review of closing documents . <br /> Developer' s attorney will have the final responsibility for review of closing documents <br /> on behalf of Developer, while ensuring compliance with Grantee' s requirements . <br /> XVI . Post- Purchase Counseling <br /> A . Developer Responsibility <br /> Developer is responsible for notifying Buyers of the availability and advisability of using <br /> post purchase counseling if they are unable to make a first mortgage payment on time . <br /> This notification will be included in the Commitment Letter and language of disclosure <br /> documents provided at the closing of the home sale . The information will stress the <br /> importance of seeking help before or immediately after a late payment might occur and <br /> include the name or names, address ( es ) and phone number( s ) of Grantee-approved <br /> counseling agencies . <br /> Be Grantee Responsibility <br /> Grantee is responsible for identifying counseling agencies that can be reasonably <br /> expected to provide reliable post- purchase counseling at low cost or no cost due to <br /> current or anticipated public or private funding for that purpose . <br /> XVII . Management of Excess Revenues, Liens and Resale Controls <br /> A. Net Proceeds of Sale <br /> The requirements for disposition of net proceeds of sale are described in Section III . <br /> Be Repayments of Homeowner Financial Assistance <br /> According to the terms of this Manual, all liens will be in the name of Grantee . Grantee <br /> will be solely responsible for managing liens resulting from sales of NSP3 Homes by <br /> Developer, including but not limited to managing receivables, accounting for payments, <br /> approving subordinations ( if allowed ), and issuing lien releases . <br /> 22 <br />