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fix} capital ?ontr;ib??tia??s ?a the Pra?ect, if and, made b? the ???er•?I <br />pr?rier•s ar tnanag?t? t?er?ber, as applicable, of De?elopet that ??ere used to pay tine Deveiapet <br />fee, <br />ecrrz4ity? This Nate is secured by a Deed of Trust ?tl?e "Deed of Trust"} dated as <br />of the same date as this Nate. <br />?. Narr??eeorr??se. This Nate shall cor?stitr?te a nonrecourse obligatiot? of Bor•ro??er•, <br />Neiti?er Bor•?•o???er, rlor ar?y of its pattt?ers general ar lirited? si?ali i?a?e at?y personal liability for <br />payment ot? pet;fat{t?larlce of phis Nate, ?n tine event of default hereunder, the Ager?c?'s sole <br />recourse shall be to proceed aait?s? the collateral descz?ihed its the Deed of Trust. <br />7, ai??x•s <br />a, ?arra??er• expressly agrees that this Node ar• any pyrrrer?t hereu??deti nay <br />he extended fi?ot?r tirr?e to titrre at the Agency's sole discretion and that the agency r??ay accept <br />secrrr4tty tt? cat7sideratrorl for' any s?te?? extension ar release any security fat this Nate ?? its safe <br />dlscr'etlar? alb ?vitlaaut its ???? ??Tay affecting tl?e liability ofBotro??er. <br />b? No extet?sian of time far payrnetat of this Nate rude ?y agreerrrerrt by the <br />Agency ??ith arry person na?? or i?e?•ea?er liable for the payrner?t of this Note shall operate to <br />t?elease, dischr•ge, rr?odify, change at? affect the original liability of Bot?xo?et ut?deri this Note, <br />either its ??l?oie at? iti pat•t. <br />c, The obligations of ?or•r•o??er4 under this Nate shall be absal?tte and <br />Borr•o??er• ??ai?res a?ly and all tights to offset, deduct or• ??ritl?hald any payrrrents or charges date <br />ztnder this Note for any reasar?s ??rl?atsaevet•? <br />?i? Barr•o?ver• ??ai?es presentment, demand, notice of protest and nat?paytner?t, <br />notice of default ot• delinquency, notice of acceleration, t?otice of costs, expenses or leases ar <br />rnteres? thereon, notice of disl?anor, diligerree in collectiat? or itr pracceding agairrst ar?y of the <br />tights of interests rrl ar• to properties securing of this Nate, ar?d tl7e benefit of any exetnptiar? <br />?t??der any han?estead exernptior? la??s, if apps icable. <br />?? No pre??ous ??ai?er• ar?d rio failure ati belay by Agency ire acting ??ritl? <br />respect to the terms of this Nato at the Dead of Trust shall cat?stitrrte a ??ai?er• of any hr•ech, <br />default, at faiiurie or condition under this Note, the Deed of Trust or the obligations secured <br />thereby. A? ??ai?et of any term of this Note, t??e Deed of Trust ar of ar?y of tl?e obligations <br />seelrred thereby rn?tst be made in ??riting and shall be limited to the e?pt?ess ??r??tte?l terrrrs of such <br />a <br />??at?er. <br />S? .?t~far???eys' Fees ar?d ohs. Bort•a?ver agrees that rf arly aina?tnts d€te rtndeti this <br />Nate ar•e not paid ??her? date, to day its addrtran, alI casts and expenses of collection acrd <br />reasonable attorneys' fees paid ar incurred in ear?nection ??itll tl?e collection a?? enforcerrrent of <br />this Nate, w?l7ether of teat suit is filed. <br />ATTA??NTN?. SB-5 <br />D? C s0 Cl? ???6?3?' ? 31?0??7?-?0? ?