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MBKlZ77su1TLS6 p ' <br /> subsritute general parmor is reasonably approved by Hold.er. Holder shall approve of any , <br /> y�uby'titute general paRner tk►at has heen approved by Makds tax credit limiud paru►er or any of �il <br /> the leaders with Pnor liens on the Property Transfer of Project by exercise of oprion or ROFR <br /> does not accelsrau tk►e matun$' of the laan. ; <br /> 7. <br /> r,,.;nQ of MonetarY Dofaults. A default in payment of any amount due hereuadcr �; <br /> may be cured on1Y bY PaYnlent m full of�ch amount plus the addirional 'wtecest from thc dau of <br /> default on the unPaid PTm�+Pal balance as of the date of default until the date of paym�� <br /> resulting from applicacion of a defanh rate af inurest as pro��dN��PI���tt meysefees <br /> hereundar or under any instrum�°t relaring to or secur�n8 , <br /> incurred by the Holder by reason of such defaulc ' <br /> g, Non_ w� Failure ta exercise any right the Holder may have�r be enritled to in <br /> the eveut of any default hereunder shall not conscitute a�Haiver of such right or any ott►er riBh� m <br /> the event of any subsequent default <br /> 9. Waiver of Presentment. The M�=r ano et��d demand,1not ce�of proustf <br /> hereby severally waive presencment for paym P <br /> demand, dishonor and nonpayment of this Noce. and consent that the Hal�r�he�ree fN�a�y �of�e <br /> the time of payment or o[herwise modify the terms of payment of any p �li , <br /> debt evidenced by chis Note, by agreement between the Holder and Maker, and such consent , <br /> shall riot alter or diminish the liability of any person or the enforceability of this Note. Each and I <br /> evexy p�Y signing for endorsiag this Note binds itself as a pno nPalazand everauy.s�ety. This <br /> Note shall bind the undersigned and its successors and assigns,j Y � <br /> l0. Securi�f� Th�s Note is secured by a Deed of Trust {the "De W ��on, � <br /> of even date herewith granted by Maker covering property in Snohomish Counry, <br /> together with the buildings and improvements now or hereafter erected thereon(the"Premises'�. <br /> 11. Collecri�n COS�� M�er agrees to pay all costs, including reasonable attomeys' <br /> fees, incurred by Holder hereof in any suit, action or appeal therefrom, or without suit, in <br /> connection with collection hereof, foreclosure of the Deed of Trust or enforcement of any <br /> instnunent securing paYment hereof or�therwise relating to or securing this Note. <br /> 12. Maximu_ m�st• Neither this Note nor any instnunan��ecuring payment hereof <br /> or otherwise relating to the debt evidenced hereby shall requirae �c bleusury stacute olt anY <br /> collection of interest in excess of the maximum permitted by any pp <br /> ocher law (the "Maximu a �shall Io emNand nei her Maker nor`anyuendorsers of this�Not�or <br /> p r ovisions of this paraBc P g <br /> their respective heirs, persona� representarives, successo r s o r a s s i g n s shall be obligated to pay the <br /> amount of interest in excess of the Maximurs Rate• ?n such event, the interest rate in excess of <br /> the Maximum Rate shall be reduced by xppropriate credits to the ba��.nce owing at maturity , <br /> hereunder so that the Maximum Rate shall not be exceeded. <br /> 98 � <br /> z <br /> 78?5:\'_�'9.S1H <br />