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<br />.. <br /> <br />. <br /> <br />8 <br /> <br />. <br /> <br />David L. Horowitz, Trustee <br />Page 3. <br /> <br />May 27, 1981 <br /> <br />- - - - - - - - - - - - - - - - - - - - - - - - - - - - <br /> <br />ACCEPTANCE <br /> <br />The undersigned hereby accepts the above Permanent <br /> <br />Loan Commitment and agrees to be bound by the terms and <br /> <br />conditions therein set forth. <br /> <br />The undersigned acknowledges <br /> <br />that the Agency shall assign its rights in the subject <br /> <br />Permanent Loan as security for a loan obtained, or to be <br /> <br />obtained, by the Agency in contemplation of the subject <br /> <br />Permanent Loan, and that Agency's obligation to make the <br />subject Permanent Loan is conditional upon the Agency <br /> <br />obtaining such loan funds in accordance with Section 11 of <br /> <br />the abovesaid Participation Agreement. <br /> <br />David L. Horowitz <br />