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region ander Section 159.804. Florida Statute-. %hall be allocated ratab Y fret er,� Indian River Count-,, and such other Participating Counties anthin such regtr.n baseri upon lender demand. All lendable proceeds of the Bonds attributable to the mortgage loan demand in Indian River County shall be reserved for nae in originating mortgage loans in Indian River County for an tnitial period of 120 days. The issuance and administration costs and expenses related to the Bonds issued to finance the housing program and administration of such program shall be paid from proceeds of the Bonds and revenues generated from the housing protium. Section 3. Program parstmetm. (a) Upon request of the Escambia Authority. the Participating County shall, to the extent permitted by law, (1) approve. establish. and update, from time to time a. necessary. upon the request of the Escambia Authority, such program parameters including, but not limited to. mammum housing price and rr wdrilium adjusted family income for eligible borrowers. as may be required for any bonds issued by the Escambia Authority pursuant to this Agreement and (it) 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 Participating County. the Escambla Authority may from time to time approve and establish such maximum price and family income amounts at tile- maximum hemaximum levels provided pursuant to the Code without further action of tite Participating County. (b) 'Che fees and exlxrises of the Participating County shall be paid from the proceeds of the program in the manner and to the extent mutually agreed upon by the ofTic63ls of the Participating County and the Escambia Authority at or prior to issuance of the 1996 Escambia 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 Participating County during the Authorisation 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 Fscambtit Authority or its agents pending distribution, unless either (1) the paxiies to this Agreement mutually agree in writing to the lrmi.*s 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 ftrr wilich no purchase contract has hrrn entered into. it is further agreed that in the event of termination the PaMest to anis Agrecmcnt wtU provide continuing cooperation to each other in fullgtting the obligations associated with the issuance of bonds pursuant to this Agaresneaal. gerti(m S. IndezMalty. To the fuli eft permitted by lase. the Bsmobia AWhoilly agues to hold the Pattie OUng Causty hansdme from any and aD ic,r Irlmyrt,eTit of prumsp o of and interest or penalty an the E3oMs. and the raenitD@1 ani{i 0011clsis of dee Parr IC401S ng harmim 6=1 and aD hoblift in CD tm,a ft-Uoes wlti5t fila a�e�o nadned pussruaeu to SOLUM t and ISOMI . 1�4oAds Statutes. UW �aoa>�Is AetehOMW &Vas dine aftwo C&C%dw or adkW .D e tate mmd eSprOwtd tw sad Used is ME11601111ft dw INS Olrnde stool tadu0e X- . . sta irem tis On edhtii ON Ulaedrxw MW hell tlsealt its the Own" le. a Ir.yirnrret d (lite snide and flatmM 4W proMms duraft Q W O O4411✓aa lob, a kr< r ", res s