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Furthermore, MBIA hereby agrees with the Developer <br />and acknowledges for the benefit of the Agency and the <br />Co— Trustee, that its rights with respect to demanding and <br />receiving payment from the Developer shall be subject to and <br />governed by the terms of the Note and the Deed of Trust. <br />Section 7.02 Termination of Obligations. The <br />obligations represented by and set forth in this agreement <br />shall continue for so long as the Loan Supported Bonds remain <br />outstanding. From and after payment of all principal and <br />interest due under the Loan Supported Bonds, such obligations <br />shall terminate and be of no further force and effect. <br />Section 8.01. Amendments, Changes and <br />Modifications. This Agreement may be amended, changed, <br />modified, altered or terminated only with the prior written <br />approval of MBIA and the Developer. <br />Section 8.02. Governing Law. This Agreement shall <br />be construed in accordance with the laws of the State of <br />'California, and the obligations, rights and remedies of the <br />parties hereunder shall be determined in accordance with such <br />laws. <br />Section 8.03. Notices. All notices hereunder <br />shall be sufficiently given and shall be deemed given when <br />delivered or mailed by certified or registered mail, postage <br />prepaid, return receipt requested, addressed as follows: <br />MBIA: <br />Developer: <br />Agency: <br />ARTICLE VIII <br />MISCELLANEOUS PROVISIONS <br />Municipal Bond Insurance Association <br />34 South Broadway <br />White Plains, New York 10602 <br />Attention: Housing Surveillance <br />Department <br />Attention: <br />California Housing Finance Agency <br />1121 L Street, Seventh Floor <br />Sacramento, CA 95814 <br />Attention: Office of the <br />General Counsel <br />1.0 <br />