20A - AA - LOAN AGMT 601 E 20TH ST

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(c) Landscaping. All landscaping surrounding the Property shall be maintained in a manner consistent with standards of the Santa Ana Municipal Code and any rules, regulations and standards adopted pursuant thereto. In addition, for example, the yard areas shall not contain the following: (i) lawns with grasses in excess of 9 inches in height; (ii) trees, shrubbery, lawns or other plant life which are dying from a lack of water or other necessary maintenance; (iii) trees and shrubbery grown uncontrolled without proper pruning; (iv) vegetation so overgrown as to be likely to harbor rats or vermin; (v) dead, decayed or diseased trees, weeds and other vegetation; and (vi) inoperative irrigation systems. (d) Maintenance by Borrower. Borrower shall, at his, her or their sole cost and expense, maintain and repair the Property and the improvements thereon, keeping the same in good condition and making all repairs as may be required by this Agreement and applicable State and City rules and regulations. (e) Damage and Destruction Affecting Property Duty to Rebuild. If all, or any portion of the Property and the improvements thereon is damaged or destroyed by fire or other casualty, it shall be the duty of Borrower to rebuild, repair or reconstruct the Property in a timely manner to restore it to comply with any applicable City rules or regulations. (f) Variance in Exterior Appearance and Design. If the Property is damaged or destroyed by casualty, Borrower may not, without the prior written consent of the City, reconstruct, rebuild or repair the Property in a manner which will provide the same or different exterior appearance and lot design from that which existed prior to the date of the casualty. (g) Time Limitation. In the event of damage or destruction due to casualty, Borrower shall be obligated to proceed with all due diligence to commence reconstruction within two months after the damage occurs and to complete reconstruction within a reasonable time after damage occurs, unless prevented by causes beyond the reasonable control of Borrower. 9. Defaults. Failure or delay by either party to perform any term or provision of this Agreement, the Promissory Note(s), the Deed(s) of Trust or the Covenants which are to be performed by such party constitutes a default under this Agreement. Any default by Borrower on any lien listed on Exhibit "H" to this Agreement is a default under this Agreement. The other party (the "Complaining Party") shall give written notice of default to the party in default, specifying in reasonable detail the matter constituting the default. The party in default shall have 30 days following receipt of notice to cure the default. Except as required to protect against further damages, the Complaining Party shall not institute proceedings against the party in default unless the matter is not cured within such 30 day period, or, if the default is of a nature requiring more than 30 days to cure, the party in default commences to cure the matter within such 30 day period and diligently pursues such cure to completion within a reasonable time, but in no event more than 90 days after notice of default. Failure or delay in giving such notice shall not constitute a waiver of any default, nor shall it change the time of default. Failure to cure the default within the applicable cure period shall entitle the Complaining Party to terminate this Agreement and/or exercise any remedies available to such party, including, without limitation, foreclosure on the Deed(s) of Trust. Page 9 of 15 20A-13