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4.2 If, as determined by the initial two year review as stated in Section 4.0, the Borrower has acquired residential real property in addition to the Property or if the ratio of the Borrower's current housing costs to the Borrower's current gross monthly income has decreased by more than ten (10) percentage points below that ratio of housing costs to gross income which existed at execution of the Note, the Borrower shall be required to commence interest payments on the Note. At the time of the execution of this Note, the Borrower's monthly gross income is $2,961 and Borrower's housing expenses in accordance with Section 5 Program Eligibility are $1,160 Housing expense as a percentage of Borrower's monthly income is 38.5 %. As part of this review, Borrower shall provide documentation of income including the most recent year's tax returns and pay stubs from the three months preceding the review within thirty (30) days after the two and five year period as stated above. Failure to provide documentation with the thirty (30) day period will, at the discretion of the City Manager, result in an acceleration of payments due. 4.3 Any time the services of an appraiser or other appropriate professional are required by this Note, the Borrower shall use an appraiser or other professional approved by Lender and pay for the services of such appraiser or professional. 4.4 The purchase price shall be the price paid by the Borrower to the seller for the Property which secures this promissory note. The sales price shall be the price paid by the purchaser to the Borrower for the Property which secures this promissory note. Both purchase price and sales price shall mean the price on which the transfer tax is paid; except if the purchaser assumes existing loans or buys the Property subject to existing loans, the principal amount owing on such existing loans shall be added to the price on which the transfer tax is paid in determining the sale price. 5.0 If any monthly installment or a required payment of principal and interest under this Note is not paid when due and remains unpaid for a period of three (3) full months, after application of any partial payments which may have been accepted but not yet applied to the mortgage account, the entire principal amount outstanding, accrued interest thereon and any other amounts described in this Note, shall at once become due and payable at the option of the Lender. The Lender may exercise this option to accelerate during any default by Borrower regardless of any prior forbearance. If suit is brought to collect this Note, the Lender shall be entitled to collect all reasonable costs and expenses of suit, including, but not limited to, reasonable attorneys' fees. 6.0 Borrower shall pay to the Lender a late charge of five percent (5 %) of any monthly installment not received by the Lender within fifteen (15) days after the installment is due. 7.0 Notice of dishonor or protest are hereby waived by all makers, sureties, guarantors and endorsers of this Note. This Note shall be the joint and several obligation of all makers, sureties, guarantors and endorsers, and shall be binding upon them and their successors and assigns. Page 4