NORTH HARBOR HOUSING PARTNERS, LP (CO JAMBOREE HOUSING CORPORATION

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proceed with the exercise of its remedies for any unfulfilled obligations; and City's acceptance of any partial performance shall not constitute a waiver by City of any rights. 20.4 Nonrecourse Liabilitv. Neither Developer, nor any partner of Developer, shall have any personal liability under this Agreement, or the attached Note and Deed of Trust, and any judgment, decree or order for the payment of money obtained in any action to enforce the obligation of Developer to repay the loan evidenced by such documents shall be enforceable against Developer only to the extent of Developer's interest in the Property. 20.5 Limited Partner Right to Cure. Notwithstanding anything to the contrary herein, City shall provide Developer's limited partner with a copy of any notice of default delivered to Developer hereunder, and acknowledges and agrees that Developer's limited partner shall have a right to cure any such default on the same basis as Borrower. 21. MISCELLANEOUS 21.1 Obligations Unconditional and Independent. Notwithstanding the existence at any time of any obligation or liability of City to Developer, or any other claim by Developer against City, in connection with the Loan or otherwise, Developer hereby waives any right it might otherwise have (a) to offset any such obligation, liability or claim against Developer's obligations under the Loan Documents, or (b) to claim that the existence of any such outstanding obligation, liability or claim excuses the nonperformance by Developer of any of its obligations under the Loan Documents. 21.2 Notices. All notices, demands, approvals and other communications provided for in the Loan Documents shall be in writing and be delivered to the appropriate party by personal service or certified U.S. mail at its address as follows: If to Developer: North Harbor Housing Partners LP c/o Jamboree Housing Corporation 17701 Cowan Avenue, Suite 200 Irvine, CA 92614 Attn: John Witkowski With a copy to: Rutan & Tucker, LLP 18575 Jamboree Road, 9ch Floor Irvine, CA 92612 Attn: Patrick D. McCalla And a copy to: Red Stone Equity 2020 CA Regional Fund, L.P. 1100 Superior Boulevard, Suite 1640 Cleveland, OH 44114 Attention: General Counsel. If to City: City of Santa Ana Executive Director (CDA)