25H - AGMT - AFFORDABLE HOUSING 2151 E 1ST ST

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certified mail, return recQipt requested, to the Lderieliciary at eft Civic Center Plaza, P.O. Box 1988, 5arita Ana, Caliliaala.ia 97703. Attention: diousinp, Manager, or at sueh other address as the Beneficiary may designate by notice to Trustor as provided above, and (c) to Trustee tilt 8 12 1 E. Horence Avenue, Downey, C.'<rl kmiia 902410. Notice shall be effective e as of Hue date receivcd as shown on the return =eipit. 15. C onti:cruaitag 1�zw Phis City Deed ul Trust shall he graiverraaxl by the lawns of the State of California. 16, Seva,rabil ty, In tire event that any provision or clause of this City heed of Trust or the City Loan Norte conflicts with applicable lawn, such conflict will not affect other, . provisions of this City I]eed c'ofTrust or the City Loan Note which earl be given effect wwithocrt the carrrflicting. provision, and to this end the provisions of the City Decd od Trusl. and the City Loom Nate are declared to'be, severable. 17. C itions. Thu caplions and beadiugs ill this City Deed of Fl -Last are for cooveriience oirly and are not to be used to interpret or define the provisions hcruuf'. I& L7A_ault m I,oreclosurc; Rcinedioti. Llporl Tru:.toex bn ach ol'anycovenant or agreement of fraustor ir. this City Dowd Cif T rra9.f or the City I clan Note ',secured by this City Deed o f'I'r•tast, i:neluding, but taut Berried to, Hae cx.)venaaats to play, wlaerl clove, lany tierrrss scoured by this City Dcoxd crf'Trusi, the Beneficiary may declatc all suns secured by lhis City I3ver,l ofTrust immediately due and payable by defivering to Tri-L."'Lor noticc thereof specifying,: (I )The breach; (2) the action rccluurecl it) curs: such breach, (3) a date not less than 30 clays from tine date the notice is received by Trustor: ,t., ,shown (ill the return roeodpit, by which sueh' breach is to he ocirul pu-irw ided, haawcver, flU t of streh defiatult is not rcasoiiahlc susoeptdble to being eared wit`hm 30 day,, Trustor shall have a reasonable period to cwv the defect so long as Trustor is ddig ;entdy proseentin,g; the cure to cumplction, and (4) than faiilarre to cure such brearch oil or before the date specilicd in the notice may result in acceleration of the stares secured by this City Decid of "Trust auld side of the I he notice will also indbrm Trustor eit' "I'r ostor's right to rediawtale after acceleration and the right to bring a court . action to assert the non existence of deaf%ult or any other" defense of'friastor to acceleration . and sale. I* otwithstanchng; anything to tlrc Qontrary contained herein, a "default" shall riot niedudo (i) a trarasdiar of a general partner's interest in 'l rustor wheit made ire comicotion with the exercise by the Trustor's limited partner (tire "`L.inirtcd Partner ") of its rights capon a clefa ult by as general paai"tner under the Trusfor's Ag ;r"mn ,mt of l.imitecl Partnership agreement (the "Partnership Agi-ccnrent ") or upon a general partner's withdrawal in violation of the Partnership Aga cenictit, so long; as the renuOVal arad sub:,titrutiola op'tliaa ded:aultnagg general pardnQr is Mande Withtul thirty (30) clays of such dei;ault or-, i f sucli ¢aaaoval aid substitution cannot reasonably be completed within thirty ('3)0) days, sea laving, as tine Limited Partner commences to take action tea remove and substttcrte the general partner with a ,reasonable period and flier eaheu diligently proceeds to complete srredi subsfitufionr (ii) any transfer of "the. Properly to the managing; general partner of "d'rustobr per uaut to idle right of first refusal or to the general partner:; of'Trusdor pursuant to the 25F -63