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RECORDING REQUESTED BY AND <br />WHEN RECORDED MAIL TO: <br />KMO Partners, LLP <br />3777 Long Beach Blvd. <br />Suite 280 <br />Long Beach, CA 90807 <br />Attention: John Opgenorth <br />O_6Dla(1) <br />Co. FW,S1,1w <br />Nov 0 9 Z9Z3 <br />N <br />THIS SPACE FOR RECORDER'S USE <br />ONLY <br />MODIFICATION AGREEMENT A-2021-054-02 <br />(North Harbor) <br />THIS MODIFICATION AGREEMENT (this "Agreement") is made as of November 1, <br />2023 (the "Effective Date") by and among NORTH HARBOR HOUSING PARTNERS LP, a <br />California limited partnership, having an address and place of business at c/o Jamboree Housing <br />Corporation, 17701 Cowan Ave., Suite 200, Irvine, CA 92614 (the "Borrower"), JPMORGAN <br />CHASE BANK, N.A., a national banking association, having an office at Chase Community <br />Development Banking, 300 Grand Avenue, Floor 03, Los Angeles, California 90071 (the "Bond <br />Purchaser" and "Agent") . <br />WITNESSETH: <br />A. At the Borrower's request, the Bond Purchaser agreed to purchase those certain <br />Multifamily Housing Revenue Bonds (North Harbor Village) 2021 Series A in the <br />principal amount of $19,000,000 (the "Tax -Exempt Bonds") and those certain <br />Multifamily Housing Revenue Taxable Bonds (North Harbor Village) 2021 Series A-T in <br />the principal amount of $13,700,000 (the "Taxable Bonds", and together with the Tax - <br />Exempt Bonds, the "Bonds"), from California Municipal Finance Authority (the "Issuer") <br />pursuant to the terms of that certain Master Pledge and Assignment by and among Issuer <br />and Agent dated March 1, 2021 ("Master Pledge and Assignment"), the proceeds of <br />which are being used by the Issuer to fund a loan to the Borrower in the aggregate principal <br />amount of up to $32,700,000 (the "Loan"), which is evidenced by that certain Promissory <br />Note (Tax -Exempt) in the original principal amount of $19,000,000 from the Borrower to <br />the Bond Purchaser, as Agent for Issuer (the "Tax -Exempt Note"), and that certain <br />Promissory Note (Taxable) in the original principal amount of $13,700,000 from the <br />Borrower to the Bond Purchaser, as Agent for Issuer (the "Taxable Note", and together <br />with the Tax -Exempt Note, the "Note") in the principal amount of the Loan and secured <br />by that certain Construction and Permanent Deed of Trust, Security Agreement, <br />Assignment of Leases and Rents and Fixture Filing dated as of March 1, 2021 and recorded <br />in the Official Records of Orange County on April 1, 2021 as Instrument No. <br />4877-2583-3588, v. 8 <br />