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of this paragraph shall govern, and neither Maker nor any endorsers of this Note nor their <br /> respective heirs, personal representatives, successors, or assigns shall be obligated to pay the <br /> amount of interest in excess of the Maximum Rate. In such event, the interest rate in excess of <br /> the Maximum Rate shall be reduced by appropriate credits to the balance owing at maturity <br /> hereunder so that the Maximum Rate shall not be exceeded. <br /> 12. Notice. Any demand or notice to be made or given under the terms hereof or any <br /> instrument now or hereafter relating to or securing this Note by the Holder to Maker shall be <br /> effective when mailed, emailed, or delivered by registered mail, postage prepaid, to the Maker to <br /> the addresses set forth in the Loan Agreement. <br /> 13. Governing Law. This Note shall be governed by and construed in accordance with the <br /> laws of the State of Washington and applicable federal law. <br /> 14. Nonrecourse. Notwithstanding any other provision hereof or of any other instrument <br /> relating to or securing this Note, the Maker, their managers, members, officers and employees <br /> shall not have any personal liability for the indebtedness evidenced hereby or any deficiency <br /> judgment, and upon the occurrence of a default or event of default hereunder, the Holder hereof <br /> shall look solely to the instruments by which this Note is secured and the Premises constituting <br /> the security, together with the rents, issues, and profits thereof for satisfaction of the <br /> indebtedness, and resort shall not be made to any other property of the Maker; PROVIDED, <br /> HOWEVER, that nothing herein contained shall limit or be construed to limit or impair the <br /> enforcement against said Premises of the rights and remedies of the Holder hereof, including the <br /> joinder of the Maker in any action to foreclose the liens and security interests securing this Note, <br /> and PROVIDED, FURTHER, that nothing herein shall diminish Maker's liability for damages or <br /> deficiencies resulting from theft, waste, fraud, material misrepresentation or misuse of rents. <br /> 15. Loan Agreement. This Note is subject to the terms and conditions of the Loan <br /> Agreement between the Maker and Holder dated as of the day of , 2018. <br /> Disbursement of the funds evidenced by this Note is to be made subject to the terms and <br /> conditions of said Loan Agreement. <br /> MAKER: COCOON HOUSE, a Washington nonprofit <br /> corporation <br /> By: <br /> Joseph Alonzo, Interim Chief Executive Officer <br /> ORAL AGREEMENTS OR ORAL COMMITMENTS TO LOAN MONEY, TO EXTEND CREDIT <br /> OR TO FORBEAR FROM ENFORCING REPAYMENT OF A DEBT ARE NOT <br /> ENFORCEABLE UNDER WASHINGTON LAW. <br /> Exhibit C <br /> Cocoon House <br /> Page 3 of 4 <br />