Agmt 2014 Hello Housing - Laserfiche WebLink

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Trust,the Regulatory Agreement,or the Loan Agreement and following the expiration of applicable notice and cure periods, the City finds it necessary or desirable to secure the services or advice of one or more attorneys with regard to collection of this Note against Borrower,any guarantor,or any other party liable therefor; or to the protection of its rights under this Note, the Deed of Trust, the Regulatory Agreement; or the Loan Agreement; or(ii)the City seeks to have the Project abandoned by or reclaimed from any estate in bankruptcy, or attempts to have any stay or injunction prohibiting the enforcement or collection of the Note or prohibiting the enforcement of the Deed of Trust or any other agreement evidencing or securing this Note lifted by any bankruptcy or other court. 9. Enforcement. If the City shall be made a party to or shall reasonably intervene in any action or proceeding, whether in court or before any governmental agency,affecting the Project or the title thereto or the interest of the City under the Deed of Trust, including without limitation,any form of condemnation or eminent domain proceeding,the City shall be reimbursed by Borrower immediately upon demand for all costs, charges, and reasonable attorneys' fees incurred by the City in any such case, and the same shall be secured by the Deed of Trust as a further charge and lien upon the Project. 10. Notices. Any notices provided for in this Note shall be given by mailing such notice by certified mail, return receipt requested at the addresses set forth in the Loan Agreement or at such address as either party may designate by written notice. 11. Binding on Successors. This Note shall be binding upon Borrower, its successors and assigns. 12. Non-Recourse. This Note is nonrecourse and neither Borrower nor any member, officer, partner or employee of Borrower shall have any personal liability for repayment of the sums evidenced hereby, and the City must resort only to the Project for repayment should the Borrower fail to repay the sums evidenced hereby. 13. Governing Law. This Note shall be construed in accordance with and be governed by the laws of the State of California. 14. Severability. If any provision of this Note shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby. [SIGNATURE ON FOLLOWING PAGE]