Volunteers of America Western Washington 11/12/2019

2. In the Promissory Note and the Deed of Trust, all instances of "$250,000" or "two-hundred fifty thousand" are revised to read $50,000 or"fifty thousand," as applicable: 3. Section 1 of the Promissory Note is amended to read as set forth below: 1. Borrower's Promise to Pay. In return for a loan made, VOLUNTEERS OF AMERICA, WESTERN WASHINGTON, A WASHINGTON NON-PROFIT CORPORATION (Borrower(s)) promise(s) to pay to the City of Everett, a municipal corporation under the laws of the State of Washington (Lender), or to its order, the principal amount of FIFTY THOUSAND AND NO/100 U.S. Dollars ($50,000.00), plus interest on the unpaid principal balance at THREE (3.0) percent simple interest, for a term ending on July 23, 2024. Notwithstanding any of the above terms and conditions of this paragraph, No. 1, Volunteers of America shall have the right to pay the $50,000 principal and accrued interest at any time prior to July 23, 2024. Such payment shall be in the amount of $50,000 plus simple interest at 3% calculated to the date of the actual payment. 4. Section 1 of the Promissory Note is amended as follows, with strikeouts deleted and underlining added: _XX_Deferred Loan. The principal and interest on this Note shall be due and payable in full not later than July 23, 2024 CHANGE OF USE. Interest shall bear the rate of 3% simple interest as set forth in Paragraph 1 and 3 hereof as provided above_for a maximum of TWENTY FIVE (25) years. 5. Except as provided for in this Omnibus Amendment, all other terms and conditions of the City CDBG Documents remain in full force and effect. This Agreement may be executed in one or more counterparts. ORAL AGREEMENTS OR ORAL COMMITMENTS TO LOAN MONEY, TO EXTEND CREDIT OR TO FORBEAR FROM ENFORCING REPAYMENT OF A DEBT ARE NOT ENFORCEABLE UNDER WASHINGTON STATE LAW. [Signatures on following pages.] First Omnibus Amendment Page 3