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Planning and Community Development Attn: Fred Safstrom <br /> 2930 Wetmore Ave., Suite 8A 5830 Evergreen Way <br /> Everett, WA 98201 Everett, WA 98203 <br /> Attn: Rebecca McCrary <br /> OWNER: <br /> HopeWorks Station Residential LLLP <br /> 5830 Evergreen Way <br /> Everett, WA 98203 <br /> Attn: Fred Safstrom <br /> INVESTOR LIMITED PARTNER: <br /> Wincopin Circle LLLP <br /> c/o Enterprise Community <br /> Asset Management, Inc. <br /> 70 Corporate Center <br /> 11000 Broken Land Parkway, Suite 700 <br /> Columbia, Maryland 21044 <br /> Telephone: (410) 964-0552 <br /> Facsimile: (410) 772-2630 <br /> Attention: Asset Management <br /> Either party may change the address to which notices shall be sent by notice to the other <br /> party in the manner and with the effect set forth in this Section VII-H. <br /> I. Gender <br /> The use of the plural in this Loan Agreement shall include the singular and the singular <br /> shall include the plural; and the use of one gender shall be deemed to include either <br /> gender. <br /> J. Captions <br /> The captions used in this Loan Agreement are inserted only as a matter of convenience <br /> and for reference and in no way define, limit, or describe the scope of the intent of this <br /> Loan Agreement. <br /> K. Time of the Essence <br /> Time is of the essence in the performance of each party's obligations under this <br /> Agreement. Each party will carry out its obligations under this Loan Agreement diligently <br /> and in good faith. <br /> L. Oral Agreements <br /> Oral agreements or oral commitments to loan money, to extend credit or to forbear from <br /> enforcing repayment of a debt are not enforceable under Washington law. <br /> Loan Agreement <br /> Housing Hope Properties <br /> Page 48 of 51 <br />