Loan Agmnt BAL Theater 1st mod 05212020

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DocuSign Envelope ID: 20CDD9CE-8F8F-4F79-BF8A-6CFA6D075264 NOW THEREFORE, for and in consideration of the mutual covenants and agreements contained in the Agreement, and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged by the Parties, the Parties hereby agree as follows: Section 1. Recitals. The above recitals are true and the recitals, and defined terms set forth therein, are incorporated into this Modification by this reference. Section 2. Delay of Payment. The payments due to Lender from Borrower on June 1, 2020 and December 1, 2020 pursuant to the Loan in the amount of Ten Thousand, One Hundred Fifty -Seven Dollars and Thirty -Seven Cents ($10,157.37) is delayed until June 1, 2048 and December 1, 2048, respectively. This Modification does not constitute a waiver or modification by Lender of its right to either require prompt payment when due of all other sums so secured, or to declare default for failure to so pay. Failure by Borrower to make the delayed payment by the specified date will lead to default. Upon the occurrence of a default, Lender shall have all remedies available to it under law or equity, including, but not limited to, those enumerated in the Agreement, and Lender may, at its election, without notice to or demand upon Borrower, except for notices or demands required by law or expressly required pursuant to the Loan Documents, exercise one or more of the remedies described in detail in the Agreement. Section 3. Effect on Agreement. Except as expressly provided for herein, all other provisions of the Agreement shall remain in full force and effect. The Parties have executed this Agreement as of the Effective Date. The persons whose signatures appear below certify that they are authorized to sign on behalf of the respective Party. SIGNATURES ON THE FOLLOWING PAGE Modification No. 1 to Loan Agreement between Dan & Gina Dillman and the City of San 06/01/2020 Leandro Page 2 of 3