Child Advocacy Center of Snohomish County 1/4/2021

Exhibit H 2019 CDBG Subrecipient Agreement PROMISSORY NOTE $76,355.00 Everett, Washington 1. Promise to Pay. In consideration for the financial assistance provided by the City of Everett ("Holder") pursuant to the Community Development Block Grant Loan Agreement entered into between Maker and Holder on the Cudker l5 tv 4414.04. day of Clic e to enter' text., 2020 ("Loan Agreement"), Child Advocacy Center of Snohomish County, a Washington non-profit corporation, ("Maker"), hereby promises to pay to the order of Holder, at such place as Holder may designate in writing, in lawful money of the United States of America, the principal sum of Seventy-Six Thousand Three Hundred Fifty-Five dollars($76,355.00),on the terms and conditions set forth herein and in the Loan Agreement(the "Loan"). See Exhibit H-A for specific terms and conditions. 2. Term. The Loan is due on March 31, 2036. 3. Payment of Principal and Interest. Principal and interest, if any on this Note, shall be due on March 31, 2036 or Fifteen (15)years from the date of Issuance of the Final Inspection whichever is later. The Holder shall forgive the principal amount due under this Note on April 1, 2036 or Fifteen (15) years from the date of Issuance of the Final Inspection whichever is later, PROVIDED, that the Maker has fully complied with the material provisions of this Note and the Loan Agreement. 4. Interest. Interest shall accrue at a yearly rate of 3 percent on the unpaid principal balance, unless penalty interest is imposed pursuant to Section 6 of this Promissory Note. 5. Prepayment. Maker shall have the right to prepay this Note in full or in part at any time and from time to time without payment of a prepayment fee or penalty. 6. Default. This Note shall be in default (a) if payment is not made when due, and such default shall continue for a period of ten (10) days after any written notice to the Maker from Holder hereof specifying such default and requiring the same to be remedied; or (b) if Maker fails to fully comply with any covenants,terms, or provisions of the Loan Agreement or any instruments relating to or securing this Note executed by Maker ("Loan Documents"), and such default continues after notice to Maker and the expiration of any period granted to Maker for curing such default as set forth below. Upon such a default the whole sum of principal hereunder shall become immediately due and payable according to the terms herein. As long as this Note is in default,then,at the option of the Holder,without prior notice,this Note shall bear interest at the rate of ten percent(10%) per annum. A. Curing of Monetary Default. If a monetary event of default occurs under the terms of any of the Loan Documents, before exercising any remedies thereunder, Holder shall give Maker written notice of such default. Maker shall have a period of ten (10) days after such notice is given within which to cure the default before exercise of remedies by Holder under the Loan Documents, or such longer period of time as may be specified in the Loan Documents. A default in payment of any amount due hereunder may be cured only by payment in full of such amount plus the interest accrued from the date of default, as stated above, on the unpaid principal