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?TT????,?ii1? ?llr <br />???15? ??? A?I1Cy L(31??1 ?Il[? ?h?S? ??? A??IICy ??all? <br />---- ?? ???> X010 al?ta AtYa, ?alifot?t?ia <br />?? ?A??? ????????? ?tlre cc?al'r`04ver`???a <br />promises to pay to tl?e ??J?IT? ???'?EI??P?N?' AE?Y UI` ?'?? ITS ??' <br />,A?'A AAA, a pubic body, ca??porate and politic ?tl?? "Agency"}, a?? order, at #l?e Agency} <br />office at 2D civic tenter I'la?a, Salta A??a, California ?7?1 ar such other place as the Agency <br />4 <br />lnc? des t?ate iii ?vritir? tl?e sk?ln of ? : ?:??: ?. ? ?:? :?.?..: ? . ?.: ?? : ???:::.::?:?? ?.: ? :?::..??:.::? ?::?: ?::?. ?? .:? :?: ?: ?:::: ?: ?:::. ? . ?. <br />?' g? :.... Dollars <br />? .: ?:::.? ? ? ? :?.:?;:, .? ?tl?e "Note Arnoul?t"?, irl cul•??e??c ?f #l?e United states of Al?ierica ?vl?ich at the <br />?' , <br />time ofpayrne??t is la??vfk?l for the payment aflakrbllc al?d private debts, <br />?, Agr•een?e?rE, This Pr•alnissot•y Note ?tl?e "Note"? is givers irr accol?datrce ??xitl? that <br />certair? D?spositior? and Develop?nerrt A.greemerrt executed ley the Agency al?d ?orro?rer, dated <br />as of ?? ?:.:: ?? ``? ? ... ?? `: ? : :. ??..:::?, ?? l a ?tl?e "Areelr?ent"?, Tl?e rl hts a??d obli a#ia??s of #l?e <br />g g <br />I3or•roer• and tl?e Agel?cy under this Note shall be ga?err?ed by the Ag?•eerner?t at?d by tl? <br />?ddrtlolla? tarns set forth ? this Note. apitaiized terms l?at de???ed llel•ein shall have the <br />me3al?ing ascribed to such te??m in the Ar?eelnent? In tine event of any incarlsistet?cies bet??een <br />tl?e terms of this Note and file terns Of tl?e Ag?•eemel?# D1' atly Other document related #a the Note <br />Arno?trlt, flee te?•ms of #l?is Nate shall prevail. <br />?? Il?te??es?, Tl?e Note Atnaur?t slxall bear• simple il?te?iest at tl?e rate of one percerr# <br />? ? °??? per annum, from the date hereof. <br />?? Repy?nellt ?? l?ofe A?nolrzaf. Tl?e date Amount shall be paid by the Bor;ra?ver's <br />c?lln€za? payrner?t to the Agency of al] arno?zr?t egklal to fifty I'e?•ce?lt ??°?o? of tl?e Residk?al <br />Receipts has defined belo?v} frarrr operatiar? ofP?hase -? afthe Re??tal Portion of #l?e I'?•oject has <br />defined in the Agreetnet?t}, as deterrnir?ed by a residual receipts calck?latiarr from tl?e opera#iot? of <br />Phase R-` tl?e preceding calendar year, Annk?al ?esidk?al receipts payment shall be by the <br />I?or•ro?ver• by cashier's check a??d shall be delivered ors o?• before one l?k?ridl•ed t4verity ?1??} days <br />af?er• #l?e end of the orx•a???er's fiscal year, of each year d??r?il?g ?l?e term of this Nate first <br />fallo??ir?g the date Phase R-? oftlre project ?or• al?y Phase the?4eo is placed in service, ul?til the <br />Note Arr?ok?n# ar?d all unpaid inte?•est tlreleo?? leas bee?? repaid ire firll, Ally remaining partiol? of <br />the Note A?rrok?nt shall be due and payable ol? tl?e earlier to aceklr of ?a? tl?e fifty-eighth 58th} <br />a?tniversa??y of the date of tl?e issuance of tl?e Release of Cols#ructior? averlants for Plrase R-_, <br />or fib} Deccrnber• 31, 2a?5. Not?vithstandit? the fo?•egoing, the firll Nate An?oun# may be <br />accele?•ated as set for•?h in ectiar? 1 ? hereof, <br />?? ???lllltlUll?F <br />As used herein, "Ar???r?r?I 1??'oject ever???e" shall mean all g??ass ir7co?ne and all <br />re?renues of arry bind fr•arn Phase -? irr a calendar yeah, ?ncludlr?g ?rtllout l?tnl?atron, rer?t, <br />ectiorr housing assistal?ce payments, if al?y, late charges, verrdirig ?nachirre income, al?d ally <br />1 L??i1L-IT 1 {?i V??1 <br />?OCS0?11 ??Q67?4t?31??????-??41