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NOW, THEREFORE, in consideration f the mutual covenants herein contained, it I agreed by and between the parties hereto as follows: 19 Cure of Loan Default. Agency hereby has the right, but not the obligation, to make payments t the Lender to fully or partially cure any default or delinquency in payments of the Loan. Reimbursement Obligation of Homebuyer. Homehu er hereby agrees to reimburse Agency for any and all payments made by Agency to fuller or partially cure any default or delinquency in payments of the Loan. Such payments shall be made within thi rt o days after written demand is made therefor from Agency to Homehu er. Agency may make such written demand to H o m hu er at any time after making such payments. If such written demand is made by personal delivery of such demand given to H omehu er, or left at the Property, such demand shall be deemed given immediately upon such delivery. If such written demand is made by reliable overnight deli ery service such as Fe dE , such demand shall be deemed given one business day after deposit of the written demand with the overnight delivery service. If such written demand is made by registered or certified U.S. Mail, such demand shall be deemed given three business days after deposit of the written demand with the U.S. Postal Service. Security for Reimbursement. The obligation of Hornebuyer to make the reimbursement payments to Agency required under Section 2 shall be secured by a deed of trust which shall encumber Homehu er's fee title to the Property. Such deed of trust shall be in the form attached hereto as Exhibit ` `B ,* } which is hereby inc orp orated herein. Such deed of trust Ball b e junior and subordi mate to the deed of tru s which secures the Loan. Homebu yer consents to recordation of such deed of trust In the official records of Orange County, California. 4. Notice of Default and Delinquency. Homeh u }per agrees to deliver to Agency a copy of ` any notice of default or delinquency in repayment of the Loan which Homebuyer receives from or on behalf of the Lender. Such notices shall be delivered to Agency within five (5) days of Homebuyer's receipt of such notice from the Lender. Waivers. a. Hornehu er expressly agrees that any payment due hereunder may be extended from t i me to time at Agency's sole and absolute discretion and that Agency may accept security in consideration for any such extension or release any security for this Reimbursement Agreement at its sole discretion all without in any way affecting the Iiabi E i ty of Horn buy r. b. No extension of time for payment of the amounts due pursuant to this Reimbursement Agreement Crude by agreement by Acme y with any person now or hereafter liable for the payment of this Reimbursement Agreement shall operate to release, discharge, modify, change or affect the original liability f H mehu er under this Reimbursement Agreement, either in whole or in part. ATTACHMENT NO. 4-2 TO ATTACHMENT PTO. 11 To Affordable Housing Resale Restriction Reimbursement Agreement D OC S OCI 140067 3v 14/200272- 0001