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after 15 years if the home is not sold or transferred to a new owner . At least seven <br /> working days prior to each closing of an NSP3 Home sale , Developer will prepare and <br /> forward to Grantee a promissory note , mortgage deed (or deed of trust ), and <br /> accompanying disclosure statement, allowing three working days for Grantee to review <br /> the document and transmit it to Developer' s attorney . Developer will use forms <br /> approved by Grantee . Grantee will review and approve the language and numbers <br /> inserted in the forms . The amount of the lien will be the amount of Homeowner <br /> Financial Assistance provided for in the Buyer' s Commitment Letter, as originally <br /> provided or amended . The dated and signed Commitment Letter will be attached to the <br /> lien sent to Grantee for approval . <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 /> 21 <br />