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payment of the Note, (g) presentment for payment, demand,
<br />protest, and notices of dishonor and of protest, (h) the benefits
<br />of all waivable exemptions, and (i) all defenses and pleas on the
<br />grounds of any extension or extensions of the time of payment or
<br />of any due date under this Note, in whole or in part, whether
<br />before or after maturity and with or without notice.
<br />9. Attorney's Fees. The Borrower hereby agrees to pay all
<br />costs and expenses, including reasonable attorney's fees, which
<br />may be incurred by the Holder hereof in the enforcement of this
<br />Note, the Loan Documents or any term or provision thereof.
<br />10. Default Under Other Loan Documents and Acceleration.
<br />All covenants, conditions and agreements contained in the Loan
<br />Documents are hereby made a part of this Note, and the Borrower
<br />agrees that the unpaid balance of the then principal amount of
<br />this Note, together with all accrued interest thereon and charges
<br />owing, shall, at the option of the Holder hereof or, if so
<br />provided in any Loan Document executed by the Borrower, shall
<br />automatically, become immediately due and payable, and thereafter
<br />until paid bear interest at the rate of twelve percent (12 %) per
<br />annum or, if lesser, the maximum rate permitted by law, upon the
<br />failure of the Borrower to make any payment hereunder as and when
<br />due; upon the failure of the Borrower to perform or observe any
<br />other term or provision of this Note, or upon the occurrence of
<br />any event (whether termed default, event of default or similar
<br />term) which under the terms of the Regulatory Agreement or of the
<br />Loan Documents shall entitle the holder hereof to exercise rights
<br />or remedies thereunder.
<br />11. Notices. Except as may be otherwise specifically
<br />provided herein, any approval, notice, direction, consent,
<br />request or other action by the Agency shall be in writing and may
<br />be communicated to the Borrower at the principal office of the
<br />Borrower set forth above, or at such other place or places as the
<br />Borrower shall designate to the Agency in writing, from time to
<br />time, for the receipt of communications from the Agency.
<br />12. Nonrecourse Obligation. Neither the Borrower nor any
<br />partner of the Borrower shall have any direct or indirect
<br />personal liability for payment of the principal of, or interest
<br />on, this Note. The sole recourse of the Agency with respect to
<br />the principal of, or interest on, this Note shall be to the
<br />property securing the indebtedness evidenced by the Note. No
<br />judgment, or execution thereon, entered in any action, legal or
<br />equitable, on this Note or the Deed of Trust securing this Note
<br />shall be enforced personally against the Borrower or, if the
<br />Borrower shall be a partnership, any partner of the Borrower, but
<br />shall be enforced only against the property described in the Loan
<br />Documents and such other or further security as, from time to
<br />time, may be hypothecated for this Note; provided, however, that
<br />nothing contained in the foregoing limitation of liability shall
<br />(a) limit or impair the enforcement against all such security for
<br />CHFA 51P (RIDGE VIEW /SECOND) -3-
<br />12/06/88
<br />YO1380
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