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under this Deed of Trust securing any senior lender, eminent domain, insolvency, code enforcement,
<br />or arrangements or proceedings involving a bankrupt or decedent, then the Beneficiary, at the
<br />Beneficiary's option, upon notice to Trustor, may make such appearances, disburse such sums and
<br />take such action as it determines necessary to protect the Beneficiary's interest, including, but not
<br />limited to, disbursement of reasonable attorneys' fees and entry upon the Security to make repairs.
<br />Any amounts disbursed by the Beneficiary pursuant to this paragraph, with interest thereon,
<br />will become an indebtedness of Trustor secured by this Deed of Trust. Unless Trustor and the
<br />Beneficiary agree to other terms of payment, such amount will be payable upon notice from the
<br />Beneficiary to Trustor requesting payment thereof, and will bear interest from the date of
<br />disbursement at the rate payable from time to time on outstanding principal under the Promissory
<br />Note unless payment of interest at such rate would be contrary to applicable law, in which event such
<br />amounts will bear interest at the highest rate permissible under applicable law. Nothing contained in
<br />this paragraph will require the Beneficiary to insure any expense or take any action hereunder.
<br />9. Inspection. The Beneficiary may make, or cause to be made, reasonable entries upon
<br />and inspections of the Security during normal business hours; provided that the Beneficiary will give
<br />Trustor reasonable notice of inspection.
<br />10. Forbearance by the Beneficiary Not a Waiver. Any forbearance by the Beneficiary in
<br />exercising any right or remedy will not be a waiver of the exercise of any such right or remedy. The
<br />procurement of insurance or the payment of taxes or other liens or charges by the Beneficiary will
<br />not be a waiver of the Beneficiary's right to accelerate the maturity of the indebtedness secured by
<br />this Deed of Trust.
<br />It. Remedies Cumulative. All remedies provided in this Deed of Trust are distinct and
<br />cumulative to any other right or remedy under this Deed of Trust or any other document, or afforded
<br />by law or equity, and may be exercised concurrently, independently or successively.
<br />12. Successors and Assigns Bound. The covenants and agreements herein contained
<br />shall bind, and the rights hereunder shall inure to, the respective successors and assigns of the
<br />Beneficiary and Trustor subject to the provisions of this Deed of Trust.
<br />13. Joint and Several Liability. All covenants and agreements of Trustor shall be joint
<br />and several.
<br />14. Notice. Except for any notice required under applicable law to be given in another
<br />manner, (a) any notice to Trustor provided for in this Deed of Trust will be given by certified mail,
<br />return receipt requested, addressed to Trustor at Vista Del Rio Housing Partners LP, c/o Foundation
<br />for Affordable Housing V, Inc.,30950 Rancho Viejo Road, Suite 1.00, San Juan Capistrano, CA
<br />92675, with a copy to Enterprise Community Investment, Inc., 10227 Wincopin Circle, Suite 800,
<br />Columbia, Maryland 21044, Attention: General Counsel, and (b) any notice to the Beneficiary will
<br />be given by certified mail, return receipt requested, to the Beneficiary at 20 Civic Center Plaza, P.O.
<br />Box 1988, Santa Ana, California 92702, Attention: City Manager, or at such other address as the
<br />Beneficiary may designate by notice to Trustor as provided above. Notice shall be effective as of the
<br />date received by the Beneficiary as shown on the return receipt.
<br />15. Governing Law. This Deed of Trust shall be governed by the laws of the State of
<br />California.
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