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public health, safety and welfare. Any duties or obligations which a commercial lending <br />institution may have to Owner shall not apply to this transaction except as set forth herein <br />and in the Loan Documents. <br />7.15 ACTION BY THE AGENCY. Except as may be otherwise specifically <br />provided herein, whenever any approval, notice, direction, or consent by the Agency is <br />required or permitted under this Agreement, such action shall be in writing, and such action <br />may be given, made or taken by the Agency Executive Director or by any person who shall <br />have been designated by the Agency Executive Director, without further approval by the <br />Agency governing board. <br />7.16 NON-LIABILITY OF AGENCY AND AGENCY OFFICIALS, EMPLOYEES <br />AND AGENTS. No member, official, employee or agent of the Agency shall be personally <br />liable to Owner or any successor in interest to any of the foregoing in the event of any <br />default or breach by the Agency, or for any amount of money which may become due to <br />Owner or Owner's successor in interest or for any obligation of Agency under this <br />Agreement. <br />SIGNATURES ON FOLLOWING PAGES <br />1172395-2 ~'~ <br />Commercial Rehabilitation Loan Program <br />Owner Participation and Loan Agreement <br />Form: 12-3-08 <br />