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? Al•chi#ectut•a?, engineering, desig>? and r4eprodi?ction fees; <br />? ?ansultil?g and professional fees paid to third parties 4?itl? r;??p?ct ?a t??? ??re?rrrent <br />and #??? cot?strlrctial? of Phase F? <br />• De?elopl?lel?t, per'rrrit clad inspection fees charged bar airy public agency lne?rl•1•ed at?d <br />pard by the ?al•ta??er?, <br />• An overhead fee payable to the Borr'o?ver? v?hicl? shall not exceed tl?r?ee percept ???I?} <br />of tl?e gr+o? sales prices a tine Foz*?a?e knits arld ati?er? pa?o?cct rever??re; <br />? onstr?rctiot? loan fees al?d points; <br />? ?epa?t?ler?t of corrstr?retial? lots principal, interest al?d contingent intel•es#; <br />• Repayn?el?t ofequity loans and coratr{ibutians, irlcl?rding pr?ir?cipal, interest al?d <br />pl•eferr•ed 1'etllr'1]S, <br />? Pellrlanent laal? fees at?d points payable ? tl?e ?olra?vel•; <br />• ether fees and. casts of cor?stl'uctlal? loafs al?d equrty financll?g, <br />• Pr?oper4ty taxes, insural?ce costs, sec?rr'lty costs, ?rtrltty casts and l?lalntel?al?ce expenses <br />il?c?rrlied durlt?g #l?e col?stl•?tction period; <br />• uol??eo?vners' association dues payable by tl?e ?arra?ver; <br />• Sales cal??n?issions payable to the ?arra??rel''s agents al?d bral?ers ?rlot to exceed. °I?? <br />and cooper•at?ng b?yers? ael?ts ar?d br4okers far tl?e sale o?tl?e Far-Sale Urllts; <br />• ?tl?er? reasonable arld act??ai costs of car??eyili tl?e For?Sale Units to l?olr?eb?ryer?s, <br />inel?rding escr'o? fees, title insurance fees, tapes at?d fees llnpose? lvlth respeet to the <br />sale oftl?e For•-Sale ?r?its; <br />? B?rilder's ??ral•ranty reserve funds not to exceed ?,OD? per• For;-Sale Unit; al?d <br />+ Any other actual costs to the Barra??el' of plat?nit?, desigl?il?g, fil?al?cin? eons?r'uctln <br />al?d developing Phase FS hieb Have teat been paid by tl?le Agency ar atl?er• par•ties? <br />"Far'-Sale L?r?its Development Pl•afit" shall n?ealr t??el?e percent ?l°Io) of tl?e sul?? of ?i? <br />tl?e total base sales pl{ices ?`ar• tl?e For-dale ?l?its, plus iii} rile Cross ?ptior?s at?d upgrades <br />Proceeds for tfie For-dale Units. This alnount small be paid to andlor• 1•etained by the Barroer <br />pl'ior to #l?e payrrrerrt of the Prafit Sha?•ing An?o?rn#, if al?y, to tl?e Agency hel'errndel•. <br />For #l?e p??rpose of facilitating the calculation the Far-Sale Units Sales Proceeds, r•oss <br />?pt?ons at?d Upgrades Proceeds, at?d Net Dptial?s al?d Upgrades Proceeds, tl?e put•cl?ae and sale <br />agr•eernet?t fat each Far-Sale Unit shall delineate the base sales price and the price el?aled to the <br />buyer for Optiol?s and Upgrades, <br />?, ecurify, This Nate is see?rred by a Deed of Trust ?tl?e "Deed of Tr'us?}'} da#e as <br />of tl?e sane date as this Note Tl?e Decd of Tr?rst shall be recorded in second priority and shall <br />be subordil?te only to rile deed of trust sec?rtiri ?al?ro??ver' contructla?l fina?ler?l for• tl?e <br />Ptio?ect as appra?ed by Agency pul}scant #o tl?e Agreetrter?#. The Deed of Trtlst shall pra??ide for <br />a pal•tia? reconveyal?ce of tl?e Deed of T?'«st iii col?l?ection ?vitl? the sale of each individual Fal'- <br />ale Unit, Agel?c? ?lnderstands #l?at tl?e Deed of Trust ??lll be fir?l?r t•ecol?veyed prior to tie <br />payt?ner?t rrrade pursrra??t to eetion ? hereof, <br />?, l?o?x??ecnurse, Ulltil #be filll t'ecan?eyance of tl?e Deed of Trust, this Note shall <br />canstit?tte a nal?r•course Dbllgatloll of Borr`o?vel', al?d neltl?el' Borro?ver r?or ally of its l?elnbers <br />shall have qtly personal liability fog' paylnel?t al• pet•for+t?ance of tills Note In tl?e event of a <br />ATTAIENT N0, 8A-3 <br />?oco????????T? ???oa???-oo?i