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V. Compliance Agreement and Security Instrument <br />The county's impact fee/capacity charge grant shall <br />be secured by a mortgage in favor of Indian River <br />County. This mortgage shall serve as the eligible <br />recipient's contractural commitment to comply with <br />the requirements of the IRCLHAProgram. This <br />mortgage will be satisfied after termination of the <br />unit's affordable classification timeframe (10 <br />years). <br />d. Applicant Selection Criteria <br />Applications are reviewed based on a first come first <br />reviewed basis, and applicants are chosen per the <br />following criteria as described in section III.D.4. of <br />this plan. <br />• Income Eligibility <br />• Employment Verification <br />• Asset Verification <br />• Homebuyer Status <br />• Credit Verification <br />911 <br />