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.Addendum "A" attached ~~bit "A~" of that certain ction Loan Bement dated 5/27/'3 and made a thereof. ~' 1~t ADDITIONAL IIJSTRUCT (VOUC~~R SYSZ~i) In regard to the interun construction loan made to Rotary Club of Pleasanton North* * * * the following addition In.^pection and Disbursement Instructions apply: ~ 1. Borrower will suY.mit the total Construction Cost Breakdown to The Bank of Pleasanton. 2. Borrower will open a Special Construction Fund Demand Deposit at Bank. 3. When Borrower is ready for monthly progress payments, Borrower will sulxnit a Construction Progress Payment Request indicating the dates of the checks drawn, the check rnm-bers, cost item ntmtbers to be charged, item description to be paid for, payees, and dollar amatmts of the submitted checks. Total amount to be paid should equal total amount requested on Construction Progress Payment Request. This foan together with the checks, plus supporting im~oices, and any required material releases and/or labor releases, will be forwarded to the Disbursement Departinent. 4. IIpon receipt of the Construction Progress Payment Request and all applicable doctiunentation, Bank will make a physical inspection of the construction site. When the inspection indicates that the work submitted for payment is actually ccx~leted, and the submi.tte:d docinnentati.on is acceptable, the checks will be released to=•the Borrower. At the time a disbursement will be made frcen the loan and a deposit made to the Special Construction Fund Dgnand Deposit Account to cover the amount of the checks. 5. Borrower will sulxnit upon demand any invoices and/or receipts required by Lender prior to disbursement. In the case where material suppliers are involved, lien releases may be required before subcontractors are paid. 6. Reimbursement directly to the contractor borrower requires proof of payment. A cancelled check and the invoice or the invoice and a certification by the subcontractor or material supplier that he has • received payment constitute sufficient docwnentation for reimbursement. 7. The lender shall be delivered a properly executed "Construction Progress Payment Request+' supported by such imroices, lien waivers, and payroll records and other doc~m-ents as Lender may require. Please utilize Bank's latest cost estimate foan as it is designed save time and speed your disbursement requests. /~, Rotary of P Banton North /~, /t By.~ y. B / ;~ ~~ ` ~ Dick Howard, President e ~, ere ary 11/88-cf j J