5730 EVERGREEN WAY 2016-01-01 MF Import

i 7 � 2371�7256 13. Noace. Any demand or notice to be made or givtn under t6e terms hereof or any insuument now ar hereafter relating to or securing this Note by the Holda to Maker shall be effecrive when mailed or delivered by registered mail, postage prepaid, to the Maker at the , address specified in pa�BmPh i hereof, or such other addres� as the Maker shall nodfy the j Halder in writing. � If a monetary event of dsfault occurs under the terms of any of the Loan Documents, before exercising any remedies thereunder Holder, shall give Maker and each of the general and limited partners of the Partnership, as idenafied in the PartnershiP Agreement, simultaneous ; written noNce of such default. Maker shall have a period of un (10) days after such norice 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. � If a nonmonetary event of default occurs under the terms of any of the Loan Documenu, prior to exercising any remedies.thereunder Holder shall give Maker and each of the general and limited partners of the Parcnership, as idenrified in the Partnership A�eement, simultaneous written notice of such default. If the default is reasonably capable of being cured within thury (30) days, Maker shall have such period to effect a cure prior to exercise of remedies by Holder ' under the Loan Documents, ar such longer period of ume as may be specified in the Loan � Documents. If the default is such that it is not reasonably capable of being cured within thirty (30) days or such longer period if sa specified, and if Maker(a) initiates caaecrive acrion within ', said period, and (b) diligently, continually, and in good faith works to effect a cure as soon as ; possible, then Maker shall have such addirionat time as is reasonably necessary to cure the default prior to ei:ercise of any remedies by Ho(der. If Maker fails to take coaecrive action or to cure che default within a reasonable time, Holder shall give Maker and each of the general and� � limited partners of the Partnership written norice thereof, whereupon the limited parcner may remove and replace the general paztaer with a substitute general parcner who shall effect a cure within a reasonable time thereafter in accordance with the fore�oing provisions. In no event shsll Holder be precluded from exercising remedies if its security becomes or is about to become materially jeopardized by any failure to cure a default or the default is not cured within sixry (60) days after the first notice of default is given, or such longer period of rime as may be specified, in the Loan Documents. 14. GoveminQ Law. This Note shall be governed by and construed in accordance with the laws of che state of Washington. Venue in any action arising hereunder shall be in Snohomish Counry Superior Court. ' l5. Nonrecourse. Notwithstanding any other provision hereof, or of any other instrument relating to or securing this Note, neither the Maker nor any of iu partners shall have i any personal liabiliry for the indebtedness evidenced hereby or any deficiency judgment, and upon the occurrence of a default or event of default hereunder thereunder, the Holder hereof shall look solely to the instruments by which this Note is secured and the Premises constituting the I securiry and the rents, issues and profits thereof for satisfacci ov d dehoweever�nnothing he e n � shall not be made to any other prcperty of the Maker; p � 3 84 7d?5:\'_IR.SJR �s .k