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AK <br />EXHIBIT 2 <br />2. Fxhibit 1), HOMF, Promissory Note, of said HOMF Loan Agreement shall be <br />amended to dcictc the definition of "City Share" in its crairety and replace with <br />the tollowing: <br />"City's Percentage" wilh reference to the Residual Receipts, shall mean aggregate <br />percentage of twenty-seven percent (27%) of the total Residual Receipts front the <br />Property, which shall be, applied to the HOME Loan, CDBG Loan, and <br />iuclusionary Loan, as further described in Section 5 hereof." <br />3. Section S, Annual Loan RepaymenUResidual Receipts, subsection (d), in Fxhibit <br />D. First Amended and Restated Inclusionary Promissory Note, oh %aid HOME <br />Loan Agreement shall be amended to replace the residual receipts matnx with the <br />following: <br />SOURCR, <br />YTRCTNTAC:T. <br />CDRG Loan <br />1.64% <br />I1OMI : Loan <br />8.64%, <br />Tnclusionary TTousing Loan <br />15.70% <br />Sale of California Housing find Community <br />Development Affordable TTousing Loan <br />16 25% <br />C2nlHFA SNHP Loan <br />7.77% <br />TOTAL <br />50.001ya <br />4. Except as hercinabove modified, all terms and conditions of said HOME Loam <br />Agreement, including the Affordability Restrictions on Transfer of Properly. <br />110ML Deed of Trust, 110ME Promissoty Note, and Project Budget attached as <br />exhibits to said I IOMF Loan Agreement, shall remain in full force and effect. <br />. ;natures Oil fbllowing Ixxgei <br />City Council 29 — 14 6/15/2021 <br />