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any suit or other legal, administrative, or arbitration proceeding based upon the Junior Note or
<br />any other of the Junior Loan Documents, (xii) the exercising of any banker's lien or rights of set-
<br />off or recoupment, or (xiii) the taking of any other enforcement action against Borrower, any
<br />other party liable for any of the Junior Indebtedness or obligated under any of the Junior Loan
<br />Documents, or the Property.
<br />"Enforcement Action Notice" means a written notice from Junior Lender to Senior
<br />Lender, given following a Junior Loan Default and the expiration of any notice or cure periods
<br />provided for such Junior Loan Default in the Junior Loan Documents, setting forth in reasonable
<br />detail the Enforcement Action proposed to be taken by Junior Lender.
<br />"Junior Indebtedness" means all indebtedness of any kind at any time evidenced or
<br />secured by, or arising under, the Junior Loan Documents, whether incurred, arising or accruing
<br />before or after the filing of any Bankruptcy Proceeding.
<br />"Junior Loan Default" means any act, failure to act, event, condition, or occurrence
<br />which constitutes, or which with the giving of notice or the passage of time, or both, would
<br />constitute, an "Event of Default" as defined in the Junior Security Instrument.
<br />"Junior Loan Documents" means, collectively, the Junior Note, the Junior Security
<br />Instrument, the Junior Loan Agreement, and all other documents evidencing, securing or
<br />delivered in connection with the Junior Loan, all of which are listed on Exhibit B attached
<br />hereto, together with such modifications, amendments and supplements thereto as are approved
<br />in writing by Senior Lender prior to their execution; provided that, that the Restrictive Covenant
<br />shall not be considered an Junior Loan Document.
<br />"Junior Security Instrument" means that certain City Deed of Trust and Assignment of
<br />Rents, dated as of the date hereof, made by Borrower for the benefit of Junior Lender, as the
<br />same may from time to time be extended, consolidated, substituted for, modified, amended or
<br />supplemented upon receipt of the consent of Senior Lender.
<br />"Loan Agreement" means that certain Construction Funding Agreement, dated as of the
<br />date hereof, by and between Borrower and Senior Lender relating to the Senior Loan.
<br />"Loss Proceeds" means all monies received or to be received under any insurance policy,
<br />from any condemning authority, or from any other source, as a result of any Condemnation or
<br />Casualty.
<br />"Property" means (i) the land and improvements known or to be known as The Guest
<br />House, located in Santa Ana, Orange County, State of California, which Property is more
<br />particularly described on Exhibit A attached hereto, and (ii) all furniture, fixtures and equipment
<br />located at such apartments and other property, accounts, deposits and rights and interests of
<br />Borrower encumbered by the Senior Security Instrument and/or the other Senior Loan
<br />Documents.
<br />"Restrictive Covenant" means certain Affordability Restrictions on Transfer of Property,
<br />dated as of July 22, 2016, by and between Junior Lender and Borrower.
<br />Subordination and Inters eduor Agreement (HOME) 3 The GuestHousc
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