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but shall not be compounded or become due and payable until the <br />termination of said deferment. <br />2901.070. TERMINATION. Deferments granted hereunder <br />shall terminate and the amount deferred, together with accrued <br />interest, shall become due upon the occurrence of any of the <br />following events: <br />(a) Death of owner (providing the surviving spouse, if <br />any, is not eligible for deferment; <br />(b) Sale, transfer or subdivision of the subject <br />property; <br />(c) Loss of homestead status of subject property; <br />(d) Change of circumstances of owner resulting in there <br />no longer being a hardship of defined herein. <br />Upon termination for any of the above reasons the Council <br />may, at its discretion, allow for installment payments in <br />accordance with the terms of the original assessment. <br />Page 269 <br />Page 64 <br />