Agmt13 Mental Health Association of San Mateo Co. (MHA)

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Exhibit F (Additional Promissory Note) ADDITIONAL PROMISSORY NOTE $200,000.00 DATE: For value received, Mental Health Association of San Mateo County, a California Non-Profit Corporation (the "Owner"), hereby promises to pay to the City of Redwood City (the "City"), in United States currency, the principal sum of Two Hundred Thousand Dollars and zero cents ($200,000.00), together with interest thereon, if applicable, as provided below. 1. Communitv Development Block Grant (CDBG) Fundinq Aqreement This Promissory Note ("Note") is entered into pursuant to that certain CDBG Funding Agreement (the "Original Agreement") by and between the City and the Owner, dated July 26, 2013, as amended by that certain Amendment, dated , 2015 (the "Amendment" and, together with the original Agreement, the "AgreemenY'}. In the event of a conflict between the provisions of this Note and the Agreement, the provisions of the Agreement will govern. Capitalized terms used in this Note will have meanings set forth in the Agreement unless otherwise defined herein. This Note is the "Additional Promissory Note" as defined in the Agreement. 2. Securit This Note is secured by a certain deed of trust, executed by Owner, dated August 28, 2013, and recorded in Official Records of San Mateo County on August 29, 2013, as Instrument No. 2013- 127351 ("Deed of Trust") on certain property located in the City of Redwood City and the improvements thereon as more fully described in the Agreement (the "Property"), which Deed of Trust will be subordinate only to such security instruments as are approved by the City in its sole discretion. 3. Reqavment Provisions a. Except as set forth below, this Note shall be deferred of payments for a term of 30 years at zero percent(0%) interest. b. Notwithstanding the foregoing, the full amount of the cumulative principal advanced under this Note, 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 either the date of its advance or the date of Project Completion described in the Agreement, at the sole option of the City, until the date of repayment. 4. Term The Term of this Note shall be the date which is thirty (30) years from the date of Project Completion, as provided in the Agreement, unless earlier terminated due to default by the REV:10-19-15 VR Page 5 of 7 ATTYJAGR.Amend. No. 1/MHA Funding Agmt Amendment No.1