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BK: 3179 PG: 20 <br />"Homeowner's Equity Interest": The total of the following amounts: <br />• The deposit or down payment (if any) made by Homeowner toward purchase of <br />the Property; <br />PL US <br />• All principal payments made, if any, on the Habitat Note, the Second Habitat <br />Note, and the SHIP Note; <br />PL US <br />• All principal amounts forgiven, if any, on the Habitat Note, the Second Habitat <br />Note, and the SHIP Note; <br />PL US <br />• Homeowner's share of the Appreciation Amount calculated at the time of <br />Transfer or Contingent Event, as follows: (i) within the first 5 years after the <br />Effective Date, 10% of the Appreciation Amount; (ii) between 5 and 10 years <br />after the Effective Date, 25% of the Appreciation Amount; (iii) between 10 and <br />15 years after the Effective Date, 50% of the Appreciation Amount; (iv) between <br />15 years and 20 years after the Effective Date, 75% of the Appreciation Amount: <br />and (v) 20 years and longer after the Effective Date, the entire Appreciation <br />Amount. (In the event of foreclosure, deed in lieu of foreclosures or similar <br />assignment with respect to the Habitat Note, the Second Habitat Note, and the <br />SHIP Note, Homeowner shall not benefit from any Appreciation Amount <br />calculated at the time of such Contingent Event); <br />LESS <br />• Any amount by which the sales price is below the Fair Market Value; <br />LESS <br />• All amounts owing on any mortgage, deed of trust, or lien on the Property, other <br />than the Habitat Note, the Second Habitat Note, and the SHIP Note. <br />"IRCHFH Interest": The total of the following amounts: <br />• The difference between the Purchase Price and the Initial Fair Market Value of <br />the Property ("IRCHFH Initial Equity"); <br />PL US <br />Habitat's share of the Appreciation Amount calculated at the time of Transfer or <br />Contingent Event, as follows: (i) within the first 5 years after the Effective Date, <br />90% of the Appreciation Amount; (ii) between 5 and 10 years after the Effective <br />Date, 75% of the Appreciation Amount; (iii) between 10 and 15 years after the <br />Effective Date, 50% of the Appreciation Amount; (iv) between 15 and 20 years <br />after the Effective Date, 25% of the Appreciation Amount; and (v) 20 years and <br />longer after the Effective Date, none of the Appreciation Amount. (Provided, <br />however, that in the event of foreclosure, deed in lieu of foreclosures or similar <br />assignment with respect to the Habitat Note, the Second Habitat Note, and the <br />Page 2 of 9 <br />