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1 . Execute and transmit purchase agreement to seller with the <br /> required conditional purchase agreement addendum . Include with the <br /> transmittal a Seller Certification Form to be executed by the seller . See Appendix <br /> B . If the seller will not execute the certification form , assure that other due <br /> diligence is completed to determine that no tenant has occupied the property <br /> since the seller took possession of the property, is currently occupying the <br /> property or will be permitted to occupy the property before the sale is <br /> complete . <br /> 2 . Obtain written approval via email or hard copy from Grantee prior <br /> to expiration of due diligence period in purchase contract . <br /> G . Environmental Review <br /> Grantee is responsible, at its own expense, for completing Tier 1 environmental <br /> assessments of NSP3 target areas . Developer will complete a Tier 2, site- specific <br /> environmental review, for each property to be acquired using the following steps : <br /> 1 . Complete Grantee' s ER form . <br /> 2 . Submit the completed ER form to Grantee . <br /> 3 . When Grantee has given written approval or denial of the ER, <br /> inform the seller . If the ER is denied , abandon the transaction . Approval must <br /> be obtained before closing the purchase of the property . <br /> H . Appraisals <br /> Developer will obtain appraisals as follows : <br /> 1 . As- is appraisal of foreclosed properties : For any foreclosed <br /> property being acquired by Developer pursuant to an NSP3 Agreement, obtain a <br /> full URA compliant appraisal of as- is market value in order to determine if the <br /> contract price is at least 1 % lower than appraisal . If the appraisal was completed <br /> prior to making the offer, it may not be more than 60 days old at the time that <br /> the purchase agreement is executed . This appraisal is in addition to any <br /> preliminary appraisal completed during the initial property investigation , unless <br /> a full appraisal was performed at that time and the full appraisal is not more <br /> than 60 days old at the time that the purchase agreement is executed . <br /> 2 . After- construction/ rehab appraisal : For any NSP3 property that <br /> will be developed and sold to owner-occupants, Developer will obtain an after- <br /> rehab or after- construction appraisal of market value . This appraisal will be used <br /> 7 <br />