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income determinations which are reasonably similar with respect <br />to method of calculation to those previously published by HCD and <br />HUD. <br />Loans. <br />Mortgagees shall mean the holders of the Mortgage <br />Mortgage Loans shall mean the following mortgage loans <br />secured by the Project: <br />(1) the First Mortgage Loan which is evidenced by <br />a promissory note from the Lessee and secured by a first deed of <br />trust on the project; and <br />(2) the HDG Loan in the amount of $4,000,000, <br />which is evidenced by a promissory note from the Lessee and <br />secured by a second deed of trust on the Project. <br />Mortgage Loan Documents shall mean all documents <br />executed by the Lessee evidencing or securing the Mortgage <br />Loans. <br />protect shall mean the 200 dwelling units, as well as <br />all other buildings and improvements, including all landscaping, <br />roads and parking spaces existing, or to be constructed, on the <br />Land. <br />Regulatory Agreement shall mean the Regulatory <br />Agreement between the California Housing Finance Agency and <br />Lessee, which sets forth certain conditions under which the <br />Project is to be operated. <br />Rent shall mean the annual ground rent of $1.00 <br />pursuant to Section 4 of this Lease. <br />C:GDLEASE.EHI -7- <br />