DRESSLER, THOMAS - Laserfiche WebLink

of all qualifying heirs to the property that own and occupy the residence. Should the City elect not to enable an assumption of the mortgage, or if the buyer does not qualify as eligible under the City's Program Guidelines,then the Note becomes due and payable in full within thirty(30) days. Deferred (Occasional)Loan Payment Policy Deferred loans do not require monthly payments; however, occasional payments may be made on this loan. A processing fee of$9.35 per payment will be charged by the loan servicing company. All payments hereunder will be made in lawful money of the United States of America either to the City of Pleasanton Redevelopment Agency, Finance Department, 123 Main Street, Pleasanton, CA 94566("Holder"), or any other places as Holder may from time to time designate in writing. The current servicing company for this loan is Amerinational Community Services, 8121 E. Florence Avenue, Downey, CA 90240. Payment will be applied first toward unpaid interest with any remaining amount applied to the unpaid principal. Pre-Payment There will be no penalty for prepayment of the loan. Other: Presentment, demand, protest and notice are hereby expressly waived by the undersigned. Should payment hereof not be made when due,the undersigned further promises to pay all costs of collection, including, without limitations, attorney's fees, incurred by Holder in connection herewith. In case of default and non compliance of any of the terms of this loan hereto,the Borrower shall pay additional interest at the rate of seven (7) percent per annum on the unpaid principal for the noncompliance period. This Note is secured by a Deed of Trust executed by the Borrower in favor of the Holder, reference to which is hereby made for additional terms and conditions affecting this Note. This Note shall be governed and construed in accordance with the law of the State of California. If the Borrower is more than one, each covenant and obligation contained herein shall be joint and several. Signed: i THOMAS A DRESSLER CHERYL DRESSLER Date: 7 /i Y / . Addendum: The principal on this Promissory Note has been reduced to $ , due to unused funds. All terms and conditions of this Promissory Note and Deed of Trust executed in conjunction with this Promissory Note will remain the same. Holder: Date: