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<br /> and Participation Agreement in connection with the use of such delegation. The Issuer agrees to <br /> make available to the City a portion of the proceeds of the Bonds for the origination of home <br /> mortgages within the City's boundaries. <br /> Section 3. The participation of the City in the Single Family Mortgage Loan Program, <br /> and all undertakings, obligations, duties and rights of the City and the Issuer under this <br /> Delegation and Participation Agreement, are contingent upon the award from the State of <br /> Allocation for the Single Family Mortgage Loan Program. <br /> Section 4. In the event that the State does not award Allocation for use in the Single <br /> Family Mortgage Loan Program, this Delegation and Participation Agreement, and all duties, <br /> obligations and rights of the Issuer and the City hereunder, shall terminate. If the State does not <br /> award Allocation for use in the Single Family Mortgage Loan Program, the City agrees to hold <br /> the Issuer harmless for any costs or any other liabilities incurred by the City with respect to the <br /> adoption and approval of this Delegation and Participation Agreement, the Resolution of the City <br /> adopted with respect to the Single Family Mortgage Loan Program, or any other City actions <br /> related thereto. <br /> By <br /> Attest: <br /> By ~ <br /> Nancy Varr , City Clerk <br /> B-2 <br />