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17. Casualty Loss or Condemnation. In the event of any fire or other casualty to <br /> the Project or eminent domain proceedings resulting in condemnation of the Project or any part <br /> thereof, Maker shall have the right to rebuild the Project, and to use all available insurance or <br /> condemnation proceeds to which Maker is entitled therefor, PROVIDED that (a) such proceeds <br /> are sufficient to keep the Loan in balance and rebuild or cause the rebuilding of the Project in a <br /> manner that provides adequate security to Holder for repayment of the Loan, or, if such proceeds <br /> are insufficient, then Maker shall have funded any deficiency; (b) Holder shall have the right to <br /> approve plans and specifications for any major rebuilding and the right to approve disbursements <br /> of insurance or condemnation proceeds to which Maker is entitled for rebuilding under a <br /> construction escrow or similar arrangement; and (c) no material default then exists under the Loan <br /> Documents. If the casualty or condemnation affects only part of the Project and total rebuilding <br /> is infeasible, then proceeds to which Maker is entitled may be used for partial rebuilding and <br /> partial repayment of the Loan in a manner that provides adequate security to Holder for repayment <br /> of the remaining balance of the Loan. <br /> ORAL AGREEMENTS OR ORAL COMMITMENTS TO LOAN MONEY, TO EXTEND CREDIT <br /> OR TO FORBEAR FROM ENFORCING REPAYMENT OF A DEBT ARE NOT ENFORCEABLE <br /> UNDER WASHINGTON STATE LAW. <br /> MAKER: <br /> HopeWorks Social Enterprises <br /> By: <br /> P 0 IFPS;(Wnn <br /> Its: G 1-4 t �jc,.:c w\t (JerL - <br /> Date: (V11-\-, <br /> 074/ <br />