80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT J

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sLrffiClent fLirlds and camiitted capitaUe~uit~ far carr~mer~cement thraugl~ corr~pletian of constructioi~ of such Phase, and that such funds have been camirrltted to caristr~~ction of the Phase. A copy of the prelirninar•~ reserRvation letter fram TEA for such Phase, r~otif~in Dee}apex' that are allocation of Tai credits has been i•~served fatF the const~•~~ctior~ of such Phase of the ~e~eloper ~r~provements, and f ~rr'~het• dac~ztnet~tat~o~~ d~~rrarl~t~;~tlt~g ~~~t ~l~er'e hie not ~~ei~. ~Z~~ n~a~er'1~1 ch~r]g~~ ~a infa~{i~latlo~l ~~'oVlC~ed Developer in the application sr~bmitted to TA relative to such Phase ~ar• dac~zrrrei~tatioil demai~strating that s~rc}~ material chaises have beery approved b~ T~~l}, and that if there are r~aterial changes t}~e~~ such il~for"rnatrarl wrll be p~•avided to T~ ~ar~d tl~e Agei~c~~i 1G,~ NO ~1~cUI~lb1'~IIC#',s ~xcp# aI'tgages, ~eei~s a T~~irs~, o~~ ale tad lease#~~c~~ fo~~ ~]eve~opiY~e~~#. Mortgages, deeds of trust and salelleasebac}~ finai~cing are to be perr~rtted before completion of the car7str~zctian of each Phase of tl~e Developer ~mpra~Ten~ents oi~~~ with tl~e ~get~c~'s pria~{ ~vi~itten appra~Tal, which shall not be unreasanabl~? ~vith~eld or delayed, at~d arils far tl~e p~r~~pase of securing loans of f~~i~ds to be ~~sed far ~nar~cir~g the acqursrtrat~ of such Phase, canstr~~ctior~ of s~zch 'lase of the Developer ~~~~proveinei~ts ~iricluding architecture, et~gii~eering, legal, ar~d related direct costs as well as ir~direct casts on or in coni~ectior~ with such Phase, p~rii~arient ~r~ancing, at~d a~~~ other plxrpases r~ecessary aid appi~opriate to cannectror~ wlt}~ develapi~er~t of suc}7 Phase ~~t~der this ~.reer~ent, ar~d ot~l~ to tl~e extent sl~cl~ financii~ is by a responsible fii~ancial }er]dir~g irrstit«tiot~, pei~son or ci~tit~ ors can~nrerciall~ reasonable terns, The words "i~atTtgage'~ ar~d "tr4ust deed" as used }~ereinaer• shall include sale and lease~back~ The Developer rya er~ter* rota a cor~ve~~ance for ~na~icing a~erk the co~npletian of s~~c}i Phase of the Developer ~t~.prave~r~ents without the approval of the ~et~c~~, ~G~S ~a~t~el• ~a# ~blra#cd to Cor~sfrircf Developc~~ ~~n~~z•ove~nen#~, Tl~c }older of and rnottgage ari deed of trr~st au~hori~ed b~ this reen~el~t shall ~~at be obligated b~ the provisions of phis Air;e~r~ent to construct or• corr~plete an~~ Phase of the I~evelope~~ Irnpro~?etnents ar ai~~~ portion thereof, ar to guarantee such cat~structior~ ari cair~pletion; nor shall anal covcr~at~t o~+ and others provrsror~ ire this ~greemer~t be construed sa to obligate such holder, ~Othing 1t~ t}lrs Agreerrrent shall he deemed to cor~str~ze, permit of authorize ar~~ suc}~ raider to devote the 1te ~OI` at~~ Phase} to ail~~ uses ar to construct at~y in~pro~eirrents thereon, Other tbarr those uses ar4 i~r~proverr~ents pravtded for or a~~ti~aiiized by this Agreerne~~t. 1~,~ o#rce o~ Default #a Mar#gage o~• Decd off` Trrisf Holders; R~ghf #o ilt•, with respect to a~l~ rnoi•tage or deed of trust grar7ted by tl~e 1~e~eloper as provided herein, wl~ei~e~er tl~e Agenc~~ tna~ deliver and notice ar der~and to the De~elaper with respect to aril breach ar default b~ the Developer in completion of car~structian of tl~e Developer ~i1]prOVeinents, ar• ar~~ other default ~~n~er• this ~greernent, the Agency shall at the same tiil~e deliver to each holder of record of and mortgage ar deed of trust a~rtho~~ized b~ this Agreerent a copy of such natice ar deinar~d. each such holder shall ~ii~safar as the rights granted by the ~.er~c~ are car~cerr~ed} Dave the nigh#, at its optran, wrth~r~ tii`ty X30} dais after the receipt of the notice, to c~xre or ren.~ed~~ or cor~~n~et~ce to cure ar rerned~ and tl~ereaer to p~rrsue with due diligence the c~~re or rerned~ of ar~~ s~~cl~ default and to add the cast tllereofta tl~e mortgage debt and the lien of its trlor•tgage, Nothing car~tarrled rn tlrrs Agreeir~ent shall be deemed to permit or 47 D~CDCJI ~~~73ti~ 131~~~~72-~~~ 1 l