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Borrower waives presentment, demand, protest, notices of <br /> dishonor and of protest, and all defenses and pleas on the ground <br /> of any extension or extensions of the time of payment or of any <br /> due date under this Note, in whole or in part, whether before or <br /> after maturity and with or without notice. The Borrower hereby <br /> agrees to pay court costs and expenses, which may be incurred by <br /> Holder, in the enforcement of this Note. <br /> Notwithstanding anything to the contrary in this Note, the <br /> Deed of Trust or any other instrument evidencing or securing the <br /> obligations of the Borrower under this Note, Holder expressly <br /> agrees that there shall be no personal liability of the Borrower, <br /> or its partners if Borrower is a partnership, under this Note, <br /> the Deed of Trust or any other instrument given to evidence or <br /> secure the obligations of the Borrower, or its partners if <br /> Borrower is a partnership, under this Note. The liability of the <br /> Borrower, and its partners if Borrower is a partnership, shall be <br /> strictly and absolutely limited to the property conveyed by the <br /> Deed of Trust and the rents, profits, issues, products and <br /> proceeds thereof. In the event a default occurs under this Note <br /> or with respect to the indebtedness evidenced by this Note, <br /> Holder shall not seek any judgment for a deficiency against the <br /> Borrower, or the partners if Borrower is a partnership, legal <br /> representatives, successors or assigns of the Borrower. Nothing <br /> in this paragraph shall preclude Holder from foreclosing the lien <br /> of the Deed of Trust securing this Note, and shall not apply to <br /> any losses incurred by Holder as a result of Borrower's <br /> application of security deposits, insurance proceeds or <br /> condemnation awards in a manner prohibited by the Loan documents, <br /> waste or willful damage to the Project, or fraud or willful <br /> misrepresentation under or in connection with the Loan. <br /> This Note may be assigned as part of a sale or transfer of <br /> all or part of the Project or any interest therein to Borrower's <br /> general partner, to Eden Housing, Inc., or an affiliate of Eden <br /> Housing, Inc. <br /> Ridge View Commons Associates; a California <br /> Limited Pa tne ship <br /> By: RVC nve- men t., Inc., '•eneral partner <br /> By: <br /> 11 °i 1 <br /> Catherine A. Mers.hel <br /> Executive Director <br /> ndt \Pleasanton.RVC 4 <br />