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establish. and update. from time to time as necessary. upon the request of the Escambla Authority. such program parameters including, but not limited to. maximum housing price and maximum adjusted family income for eligible borrowers. as may be required for any bonds issued by the Escambla Authority pursuant to this Agreement and (b) approve the allocation of mortgage loan moneys for each Participant offering to originate Mortgage Loans within the Participating County. Unless otherwise notified in writing by the Local Authority. the Escambla Authority may from time to time approve and establish such maximum price and family Income amounts at the maximum levels provided pursuant to the Code without further action of the Local Authority or Participating County. (b) The fees and expenses of the Local Authority shall be paid from the proceeds of the program In the manner and to the extent mutually agreed upon by the officials of the Local Authority and the Escambia Authority at or prior to issuance of the Escambla Bonds.• , Section 4. Term. This Agreement will remain in full force and effect from the date of its execution until such time as it is terminated by any party upon 10 days written notice to the other party hereto. Notwithstanding the foregoing. It is agreed that this Agreement may not be terminated by the Local Authority during the Authorization Period. or by any party during any period that the Bonds issued pursuant to the terms hereof remain outstanding. or during any period in which the proceeds of such Bonds are still in the possession of the Escambla Authority or Its agents pending distribution. unless either. (1) the parties to this Agreement mutually agree in writing to the terms of such termination or (2) such termination. by its terms. only applies prospectively to the authorization to Issue Bonds for which no Allocation Amount has been obtained and for which no purchase contract has been entered Into. It is further agreed that in the event of termination the parties to this Agreement will provide continuing cooperation to each other In fulfilling the obligations associated with the issuance of bonds pursuant to this Agreement. Section 5. Indemnity. To the full extent permitted by law. the Escambia Authority agrees to hold the Local Authority harmless from any and all liability for repayment of principal of and interest or penalty on the Bonds, and the members and officials of the Local Authority harmless from any and all liability in connection with the approval rendered pursuantto Sections 159.603 and 159.604. Florida Statutes. The Escambla Authority agrees that any offering. circular or official statement approved by and used in marketing the Escambla Bonds will include a statement that Bondowners may not look to the Participating County or the Local Authority for payment of the Bonds and interest or premium thereon. 1.KI. 09/01;/g1.31I6 i,fankn,t -3-