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(i) Interest on this Note shall accrue at a rate equal to the Federal Reserve Boards Eleventh District <br />Cost of Funds plus 2.5% per annum, and the principal balance of this Note shall be amortized in equal <br />monthly installments including interest and principal over a period of thirty (30) years commencing upon <br />the first day of the second month following the Disqualifying Event, <br />(ii) At the option of the holder of this Note, the entire remaining balance of the principal and accrued <br />interest shall become immediately due and payable, <br />The Loan Agreement also provides that Borrower shall pay Lender/Agency a portion of the appreciation <br />in the value of the Dwelling securing this Note, and Borrower agrees to pay said sum, if any, to Lender/Agency <br />in accordance with the terms and conditions of the Loan Agreement. <br />This Note is secured by a deed of trust upon real property situated in the City of Redwood City, County <br />of San Mateo, State of California commonly known and described as 441 Car_k Harbor Circle #G, Redwood <br />City, CA 94061, <br />orrower <br />3h <br />IS 0, <br />Dated' <br />Co -borrower <br />Dated <br />Redwood City First Time Homebuyer Silent Loan Program Promissory Note June 1, 2001 <br />Page 2 <br />