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0 <br />demand payment of amounts due. "Notice of dishonor" means the right to require the Note <br />Holder to give notice to other persons that amounts due have not been paid. <br />10. UNIFORM SECURED NOTE <br />In addition to the protections given to the Note Holder under this Note, the Subordinate <br />Security Instrument, dated the same date as this Note, protects the Note Holder from possible <br />losses which might result if Borrower does not keep the promises which Borrower makes in this <br />Note. The Subordinate Security Instrument is and shall be subject and subordinate in all respects <br />to the liens, terms, covenants and conditions of the First Deed of Trust. The Subordinate Security <br />Instrument describes how and under what conditions Borrower may be required to make <br />immediate payment in full of all amounts Borrower owes under this Note. <br />11. TRANSFER OF PROPERTY FOR LOW INCOME HOUSING <br />Except for a conveyance to the Trustee under the First Deed of Trust, if all or any part of <br />the Property or any interest in it is sold or transferred without the Note Holder's prior written <br />consent, including a transfer of all or any part of the Property to any person who, at initial <br />occupancy of the Property, does not use the Property for "low-income housing" within the <br />meaning of the HOME Programz the Note Holder may, at its option, require immediate <br />payment in full of all sums secured by the Subordinate Security Instrument. However, this option <br />shall not be exercised by the Note Holder if exercise thereof is prohibited by federal law as of the <br />date of this Subordinate Security Instrument is executed by Borrower. <br />If the Note Holder exercises this option, the Note Holder shall give Borrower and the <br />holder of the First Deed of Trust prior written notice of acceleration. The notice shall provide a <br />period of not less than 30 days from the date the notice is delivered or mailed within which <br />Borrower must pay all sums or cure all breaches of terms and conditions secured by the <br />Subordinate Security Instrument. If Borrower fails to pay these sums or cure a default prior to <br />the expiration of the above referred thirty (30) day period, the Note Holder may invoke any <br />remedies permitted by the Subordinate Security Instrument without further notice or demand on <br />Borrower. <br />12. ATTORNEY FEES AND COSTS. <br />The Borrower agrees that if any amounts due under this Note are not paid when due or <br />there is any breach of terms and conditions under this Note or the Subordinate Deed of Trust, <br />Borrower shall pay, in addition to such amounts due, all costs and expenses of collection and <br />2The city is required to invest 100 percent of funds with respect to dwelling units that are occupied by <br />households that qualify as low-income families at the time of occupancy or at the time funds are <br />invested, whichever is later. For purposes of this document Low Income Housing for First Time <br />Homebuyer within meaning of HOME Program is defined in Program Description, Section V. Eligible <br />Buyers Criteria. (Approved by the Office of Management and Budget under OMB control number 2501- <br />0013). <br />5 <br />82ANOp.O NO.. <br />