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7. Notices. Any notices provided for in this Note shall be given by mailing such notice by <br /> certified mail, return receipt requested at the addresses set forth in the Loan Agreement or at <br /> such address as either party may designate by written notice. <br /> 8. Binding on Successors. This Note shall be binding upon Borrower, its successors and <br /> assigns. <br /> 9. Non-Recourse. This Note is nonrecourse and neither Borrower nor any member, officer, <br /> partner or employee of Borrower shall have any personal liability for repayment of the sums <br /> evidenced hereby, and the City must resort only to the Project for repayment should the <br /> Borrower fail to repay the sums evidenced hereby. <br /> 10. Governing Law. This Note shall be construed in accordance with and be governed by the <br /> laws of the State of California. <br /> 11. Severability. If any provision of this Note shall be invalid, illegal or unenforceable, the <br /> validity, legality and enforceability of the remaining provisions hereof shall not in any way be <br /> affected or impaired thereby. <br /> [SIGNATURE ON FOLLOWING PAGE] <br /> 3 <br /> 191\52\1559191.2 <br />