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repairs, janitorial supplies, and others; and license or certificates of occupancy fees required for operation of the Project; general administrative expenses, including but not limited to advertising, marketing, security services and systems, professional fees for legal, audit, accounting and tax returns, and other services; property management fees and reimbursements, including on-site manager expenses, not to exceed fees and reimbursements which are standard in the industry and pursuant to a management contract approved by the City (which such approval will not be unreasonable withheld); resident services; deposits in an amount of $500 per unit per year into a replacement reserve fund that will be used for capital replacements of Project improvements, provided any changes to the amount deposited into this replacement reserve will require City approval (which approval will be provided in the form of an approved annual operating budget); deposits into a tenant social services reserve fund in an amount up to 100% of the amount received from tenant TB vouchers, which reserve fund shall provide support services to formerly homeless residents living in the Project, provided that any changes to the amount deposited into this replacement reserve will require City approval (which approval will be provided in the form of an approved annual operating budget); any unpaid operating advances or loans made by Owner or affiliate thereof to fund operating expenses; cash deposited into an operating reserve for the Project and such other reserves as may be required by the Owner's senior lender; payments of any deferred developer fee; current and accrued partnership management fee and asset management fee, and debt service payments of loans in senior position to this loan. c. Notwithstanding the foregoing, the full amount of the cumulative principal advanced under this Note, plus interest thereupon, shall become immediately due and payable upon a breach of the Agreement, this Note or the Deed of Trust, or the failure of the Owner to strictly abide by the provision of the Affordability Covenants (as defined in the Agreement) recorded against the Property and a failure to cure such breach within the time set forth in the Agreement. In such event, the Owner shall repay the full amount of the principal under this Note together with three percent (3%) interest per annum on said principal from the date of this Note until the date of repayment. 4. Term The Term of this Note shall be fifty-five (55) years from the date of this Note, unless earlier terminated due to default by the Owner. ATTY/AGR/2018.027/MID PEN MOSIAC GARDENTS (ATHERTON COURT) REV: 02-06-1815 Page 28 of 41