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4. Home bu e r Assistance Doan Amount; Interest Deferred n til Acceleration. The Homebu er Assistance Loan Amount shall accrue zero percent (0%) interest unless and u n til an even t of acceleration oc cu rs as set forth in S cc ti on 6, in which eve n t a C o n t i ngen t Equ i t Particip ation Amou n t as de scrub ed i n S ec tion 7 s h al 1 b cc om a du a and pay able b y the M aker. 5. Homeb u er Assistance Donn Amount; Time of Payment and Forgiveness. No repayment of the Homebu er Assistance Loan Amount shall be required unless and until the Dote Amount becomes due and payable, as provided in subparagraph f below. In the event that the Homebu er Assistance Loan Amount does not become due and payable prior to the forty -fifth 4th Anniversary of the date of this Promissory Note, the full amount of the Promissory Dote shall b e forgiven, and there shall be no further obligations hereunder. Acceleration. The whole of the Note Amount and all other payments du hereunder and under the Agreement shall become due and be immediately a ab le to the Holder by the Faker upon the occurrence of any one of the following events of acceleration; (a) the sale or transfer of the Property or any part thereof) by any means, including, without limitation, the lease* exchange or otter disposition of the Property or any interest therein, whether voluntary or involuntary, except A a sale of the Property to a qualified Moderate Income Household at an Affordable Housing Cost with the Agency's prior written approval accomphshed in strut conformity with Section 4 of the Agreement, or the transfer of the Property solely as a result o f the marriage, Ali orc , incompetence or death of one or more individuals constituting the H meh u }per, so long as the transferees give written notice supported by reasonable evidence of such event to the Agency within thirty days of its occurrence and the transferce s assume(s) the Homebu er's obligations under the Agreement, by execution of an assignment and assumption agreement to he provided by the Agency, or a sale or transfer which under federal lair would not by itself, p erm.i t the Acrency to exercise a due on sale or due on encumbrance clause; (b) the Maker refinances any purchase money lien or encumbrance to which the Agency Deed of Trust is subordinate (each such lien, a "First Lien" ) for a loan amount in excess of the then current loan balance secured by such lien or encumbrance and loan closing costs; and/or (c) the Baker (and all co- signors and co-mortgagors, if an fails to own and occupy the Property as their principal residence pursuant to Section 7 of the Agreement or is in Ownership D fau It as defined in Section 18 of the Agreement. At the request of the Maker, and for a specific occasion, the Holder mar, in its sole and absolute discretion, ire writing waive the requirements of these subparagraphs and defer repayment and/or extend the term of this mote. Any waiver or deferment shall be on a case by case basis, and no future rights for waiver or deferment shall arise or he implied. Notwithstanding the foregoing, the Maker may, upon prior written approval by the Holder, refinance any First Dien for a loan amount equal to or less than the then current loan balance secured by such First Lien. EXMIT B-2 TO ATTACHMENT ISO. 11 Promissory Dote ISO O 1400673 v 14/20027 2-0001