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16. Time. Time is of the essence in this Note. <br />17. No Waiver by the Agency. No waiver of any breach, <br />default or failure of condition under the terms of the Note or <br />the Loan Documents or the obligations secured thereby shall be <br />implied from any failure of the Agency to take, or any delay by <br />the Agency in taking, action with respect to such breach, default <br />or failure or from any previous waiver of any similar or <br />unrelated breach, default or failure; and a waiver of any term of <br />the Note or the Loan Documents or any of the obligations secured <br />thereby must be made in writing and shall be limited to the <br />express written terms of such waiver. <br />Executed at <br />54u'aMea , California. <br />BORROWER: <br />CHFA 51P (RIDGE VIEW /SECOND) -5- <br />12/18/89 <br />Q02326 <br />RIDGE VIEW COMMONS ASSOCIATES, <br />a California limited partnership <br />By: RVC Investments, Inc., a <br />California nonprofit public <br />benefit corporation, its <br />general partner <br />By: / in L .vv1e4r�' <br />S <br />p th __ L. , v_rscha, <br />Tim L. Yruese✓a /e. <br />Projn -F ieve /ope✓ <br />