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~oi~i•o~~er A~S1~IlIi~~tif Pra~~1~31~~i~ ~r~ rro e~et~t sl~all Bot•t'o~ve~' assign ar' tratisfei'
<br /> par'tron of thrs Nate ~v~tl~aut tl~e prior e~lO~'ess ~vt'itten consent of the Aericy, which canserit
<br /> shall not ~tnr'easonabl be withheld, ea~cept pursuant ~o a transfer hicl~ i permitted ot" approved
<br /> pur'suarr# #o the #erms of the Areernetit.
<br /> 'Pez~ins~ Ar~~ ter'n~s riat separately defined Herein shall lla~e tl~e same meantt~ ~
<br /> set far'#li in the Agreement.
<br /> ~4~ Acce~cr'a~iDYi acid ~~he~' Relrieciies, [span; ~a~ the occurrence of ate event of
<br /> Default as defir~ed in the Agreemet~t at~d deli~et•~r of notrce acid exprratiori of the cure period
<br /> described tl~er'eit~, or ~h~ Borrower selling, contracting to sell, grving an ap#ron to pur'cliase,
<br /> C0~1ve~lrlg, leasrrig, frtr'tller' erlc~lrnbel'Irig, rllar"tgaging, asrgntng at' al tenattng Borr'o~ver''s
<br /> in#er'est irl Phasc father #lran the sale of
<br /> eornpleted For~ale U~tts to rr~dtvldlt~l llarne~~t~ers ar'
<br /> othei'~vle pertr~ltted or approved p~tr•s~aant to the Ar'eerneri#}, whether directly ar' i~~directl~~,
<br /> ~~lYetl~er volrrt~tat'il~ or irrvo~~ttitaril~r ar bar apera#iari of la~~, ar an~F iriter'est in Phase o~'
<br /> s~tffer'irig its title, ar ari~~ ra#eres# in Phase F to be digested, ~vlaetl~cr volun#ar'il~ or' ir~voluri#ar'il~,
<br /> ~vrtliau# #lie cotiseri# of tl~e Ae~ic~ or' as otl~er~vise appt'oved o~' permitted under the Agreement,
<br /> Aet~c~ mad} at Aet~cy's optiati, declare tl~e opt#s#andir~g principal arnour~t of this Nate, toctl~r'
<br /> ~vitl~ the t~ct~ accrued and ~tr~paid ir7terest therean and other charges l~er'errnde~', at~d all ot~e~'
<br /> s~trns sec~rred h~l the Deed of Trrrst, to be due and pa~a~e ~rrtmediatel~, acid upori such
<br /> declaration, s~rch prrricrpal and rrrter'est at~d other sutras sl~a~~ immediately became and be due and
<br /> payable ~vithorrt demand or t~oticc, alb as fur'tlier set forth in #lie Deed of Trrrst, All costs of
<br /> collection, it~cl~tding, l~~tt not llrnlted to, t'easonable attortle~s' fees and all ex~~enses incrrrt'ed in
<br /> caririeC#lan ~vl#l~ pra#ectlon of, ar reallza#ion on, the s~Clrl"rte for' t~hts Note, may be added to the
<br /> priricrpal hereunder', acid shall accr"rie in~er~est as pra~ided her•e~n~ Aget~cy shall at all times have
<br /> the right to proceed against any pot'tiot~ of the security far' #his Nate in such order and in such
<br /> manr~er as srzch Act~cy tnay consider appr'apr'ia.#e, ~rthou# u~arvrr~g any r"lgh~s s~lth respect to
<br /> atiy of
<br /> the securit~~, Arid dela~~ or arnissian an the part of tl~e A~get~c~ eta eerclsing a~l~ right
<br /> l~erertrider, under the Agreerrient or' under' the Deed of Trrrst hal l not operate as a waiver' of such
<br /> tight, or' of and other right. No it~~e or pay'#ial exercise of
<br /> any rth# ai' r'emed~ herer~~~der a~'
<br /> under tl~e Agt'cetnent o~' at~y other' docurneri# or' agr'eernerrt shall preclude other or' farther
<br /> c~ercises thet'eof, ar' #lle exercise of any other right or remedy, Tl~c acceptance of payrncr~t of
<br /> any Burn payable liereundcr, ar part thereof, after the due date of such payment shall riot be a
<br /> ~vai~er' of Agency's right to either t'eq~tire pr'alnpt payrnerit ~vlien due of all other srrr~~s payable
<br /> lYereut~der' or to declare ate event of Default for fail~rre to make pran~pt or' catnpletc paymet~t~
<br /> Successor#s and Assigr~s. ~~her~ever "A,er~cy" is refer;i•ed to ire this Nate, such
<br /> reference shall be deemed to include the ~otnt~ut~ity ~edeveloprnerit Agency of the pity of
<br /> Santa At~a at~d its srrccesso~' and assigns, including, ~vrtlla~tt lrrnrtatian, any subsequent assignee
<br /> or holder' of this Note. All caverian#s, pra~isiarrs and agreetnet~ts bar or on behalf of Bot'ra~vci',
<br /> and ot~ behalf of any maker's, endorser's, girarantors at~d sure#ies ~~er'eof v~~l~ich ar'e caii#airied
<br />
<br /> leer"ern shall it~~rt'e to the berief~t of the Agency and Agency's successor's ar~d assigns.
<br /> ATTAHNIENT N~. $A„5
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<br /> D~COC1~~0~~73tit131~D~~7~-Q0~ 1
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