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"C Lfty_j.qqW' shall mean the loan evidenced by this Note repayable to the City in accordance with the teens of this Note and secured by the Deed of Trust. with reference to the Residual Receipts, shall mean filly percent (50%) of the total Residual Receipts from the Property as further de6cribcd in Section 5 hcreof. I'Qqs 11 shaltmeaw W In the case of a Sale, rcasonablo brokerage commissions payable to a broker as a result of the Sale, which shall riot in any event exceed the customary amount charged-for similar transactions in the imirkedim market place, costs of title insurance premiums, documentary stamp taxes, escrow fees, recording charges, loan repayment charps and other costs reasonably ineurrud with respect to the Property, in each case actually paid by Borrower as a condition cif the Sak (ii) In the case of a Refinancing, the reasonable and necessary costs of completing such Refinancing, including, without limitation, loan fees, loan rLTaymoat charges, costs of title insurance premiums, escrow fees. recording fees and altoracys'few. "Deed of Trust" shall mean the Deed ofTrUSt in finvor of the City, securing the City HOME Loan. "Qross Revenues" shall mean all revenues and receipts of every kind actually received by Borruwcr froun operating the Property, and all parts thereof, including, but not limited to, income frorn both cash and credit transicL[ous, i-enuil from leased and/or subleased spaces and parking foes and chirges (but not including sccuriiy deposits and other tenant deposits, except to the extent such deposits are forfeited to the Borrower under the tenant's Gros% Revenues also includes any casualty insurance proceeds in excess of those used to restore the Property and any rental interi-aption insurance proceeds. Any credit consideration shall be included in Gross Revenues at the tirne cash proceeds (principal an0or other) are received. Borrower shall establish and maintain accounts fur the Gross Revenues (the "'Project Accounts") that are segregated from ruvenuos and income received by Borrower from all other projects, Gross Revenues shall also inolude all interest carried on the Project Accounts, "LIOMF AqsLs!-qdJQnqs" shall mean those rental units constructed on the Property which are ti- aubj ect to the tortir orriffordabIlity, "I IOME Fund "'W-W shall mean the money provided under the I IONIE Program for 1110 dovelopmenIt of the rental units hercunder, "Low Income" nions an a(k1usted income which does not exceed eighty percont (80%) of the area median income for the Orange County, California PMSA, adjusted for household size, as published by 11M "0 werating Expew"es" shall mean the sum of the following; 0) payments orpriticipal and interest and all other cluirgus relating to the Senior Loan(s)� a property rawtagemein fee equal to 8% of &ross rents; (Iii) Owner Administration ree of 5% of gross routs; 107011MIMM4.1 2 25B-67