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• <br /> for the Agency Loan, Las Palmas has agreed to extend the term of the Regulatory Agreement <br /> from fifteen years from the Date of Initial Occupancy to thirty years from the Date of Initial <br /> Occupancy; and <br /> WHEREAS, Agency and City desire to enter into this Second Amendment to amend the <br /> term of the Regulatory Agreement. • <br /> NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of <br /> which are hereby acknowledged, the Parties hereby agree as follows: <br /> I . The term of the Regulatory Agreement shall be thirty (30) years from the Date of Initial <br /> Occupancy. <br /> 2. All other provisions of the Regulatory Agreement shall remain unchanged and in full <br /> force and effect. <br /> 3. This Second Amendment may be executed in counterparts, each of which shall be an <br /> original and all of which taken together shall constitute one and the same instrument. <br /> SIGNATURES ON FOLLOWING PAGE <br /> 1582793.2 - 2 - <br />