A deferred/shared appreciation loan shall be for a maximum term of 75 years and shall be due and payable upon transfer of the property unless the property is transferred to another party who is eligible for such a loan pursuant to this title and accepts the assignment of the rights and obligations of the deferred/shared appreciation loan.
(1995 Code, § 11.28.030) (Ord. 97-1810, passed - -1997; Ord. 97-1800, passed - -1997)