VALTIERRA, FABIOLA - PROMISSORY NOTE (20 YR AMORT)

3. Repayment. The total amount of the principal and accrued interest owed under this Note shall immediately become due and payable: (i) in the event of a default by Borrower under this Note, the Deed of Trust, the Restrictive Covenants; or(ii) on the date a Transfer is made whether voluntarily, involuntarily, or by operation of law and whether by deed, contract of sale, give, devise, bequest or otherwise in violation of the Restrictive Covenants. Failure to declare such amounts due shall not constitute a waiver on the part of the City to declare them due in the event of a subsequent Transfer. Should the Borrower desire to sell the property during the term of this note, the City may, in its sole discretion elect to enable a buyer to assume the remainder of the mortgage on the original terms provided the buyer qualifies under the City of Pleasanton Home Ownership Program Guidelines in effect at the time of the purchase/assumption. 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 within thirty(30) days. 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 collections, including, without limitations, attorney fees, incurred by Holder in connection herewith. In case of default or non compliance with any of the terms of this loan hereto before, the undersigned shall pay additional interest at the rate of seven(7)percent per annum on the unpaid principal. The City shall forgive interest and principal due under this Note at the time of a Transfer, prepayment, or repayment of this Note to the extent necessary to ensure that the sum of: (a)the Borrower's obligations to repay the principal and interest due on this Note and on all promissory notes secured by deeds of trust superior to the deed of trust securing this Note, and(b)plus the amount of the Borrower's original down payment do not exceed the Maximum Sales Prices of the Property as defined in the Restrictive Covenants at the time of sale. 4. Transfer of Property Transfer is defined in Section 3 of the Restrictive Covenants. 5. Attorney Fees and Costs. Borrower agrees that if any amounts due under this Note are not paid when due, to pay in addition to principal and interest, all costs and expenses of collection and reasonable attorney fees paid or incurred in connection with the collection or enforcement of this Note, whether or not suit is filed. 6. Joint and Several Obligations. This Note is the joint and several obligation of all makers, sureties, guarantors and endorsers, and shall be binding upon them and their successors and assigns. 7. No Deficiency Judgment. This Note constitutes a portion of the unpaid balance of the purchase price of the Residence. Borrower shall have no personal liability for any deficiency DPA 2018-01 -2-