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which it is due. <br /> <br /> From and after the date on which all sums owing under this Note become due by acceleration <br />or otherwise, all sums owing under this Note will bear interest until paid in full at the rate often <br />percent (10%) per annum. <br /> <br /> A Deed of Trust secures this Note to , as Trustee. <br /> <br />Said Deed of. Trust contains the following provisions among others: "THE LOAN SECURED BY <br />THIS DF~ OF TRUST SHALL NOT BE TRANSFERABLE OR ASSUMABLE. UPON ANY <br />SUCH ATTEMPTED TRANSFER OR ASSUMPTION, ALL INDEBTEDNESS OR <br />OBLIGATIONS SECURED HEREBY SHALL BECOME IMMEDIATELY DUE AND <br />PAYABLE, IRRESPECTIVE OF THE MATURITY DATE SPECIFIED IN ANY NOTE, <br />EVIDENCING THE SAME. IN ADDITION, IF THE TRUSTOR SHALL SELL, CONVEY OR <br />ALIENATE SAID PROPERTY, OR ANY PART THEREOF, OR ANY INTEREST THEREIN, <br />OR SI-I~T IJ BE DIVESTED OF TITLE OR ANY INTEREST THEREIN IN ANY MANNER OR <br />WAY, WHETHER VOLUNTARY OR INVOLUNTARY, WITHOUT THE WRITrEN CONSENT <br />OF THE BENEFICIARY BEING FIRST HAD AND OBTAINED, BENEFICIARY SHALL <br />HAVE THE RIGHT, AT ITS OPTION, EXCEPT AS PROHIBITED BY LAW, TO DECLARE <br />ANY INDEBTEDNESS OR OBLIGATIONS SECURED HEREBY, IRRESPECTIVE OF THE <br />MATURITY DATE SPECIFIED IN ANY NOTE EVIDENCING THE SAME, IMMEDIATELY <br />DUE AND PAYABLE" and" Al J. INDEBTEDNESS AND OBLIGATIONS SECLIllF. D HElll:.gIY <br />SHALL BE DUE AND PAYABLE: (A) WITHIN TWELVE (12) MONTHS OF THE <br />TERMINATION FOR ANY REASON OF THE UNDERSIGNED, STAN T. YAMAMOTO'S <br />EMPLOYMENT WITH THE CITY OF REDWOOD CITY; (B) WITHIN SIX (6) MONTHS OF <br /> <br />C:~°ublic'~:twood City - PromisaoEt Note clean 7-24-01.wpd 5 <br /> <br /> <br />