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200003557 Article 14 - USURY Section 14.1 Usury Laws. This Security Instrument and the Note are subject to the express condition that at no time shall Borrower be obligated or required to pay interest on the Debt at a rate which could subject the holder of the Note to either civil or criminal liability as a result of being in excess of the maximum interest rate which Borrower is permitted by applicable law to contract or agree to pay. If by the terms of this Security Instrument or the Note, Borrower is at any time required or obligated to pay interest on the Debt at a rate in excess of such maximum rate, the rate of interest under the Security Instrument and the Note shall be deemed to be immediately reduced to such maximum rate and the interest payable shall be computed at such maximum rate and all prior interest payments in excess of such maximum rate shall be applied and shall be deemed to have been payments in reduction of the principal balance of the Note. All sums paid or agreed to be paid to Lender for the use, forbearance, or detention of the Debt shall, to the extent permitted by applicable law, be amortized, prorated, allocated, and spread throughout the full stated term of the Note until payment in full so that the rate or amount of interest on account of the Debt does not exceed the maximum lawful rate of interest from time to time in effect and applicable to the Debt for so long as the Debt is outstanding. Article 15 — MISCELLANEOUS PROVISIONS Section 15.1 Notices. All notices and other communications under this Security Instrument are to be in writing, addressed to the respective party as set forth in this section, and shall be deemed to have been duly given (a) upon delivery, if delivered in person with receipt acknowledged by the recipient thereof, (b) one (1) business day after having been timely deposited for overnight delivery, fee prepaid, with any reputable overnight courier service, or (c) three (3) business days after having been deposited in any post office or mail depository regularly maintained by the U.S. Postal Service and sent by certified mail, postage prepaid, return receipt requested. Initial addresses for each party are as follows: Borrower: BRESLIN GRAND ISLAND ASSOCIATES Attn: Wilbur Breslin 500 Old Country Road Suite 200 Garden City, NY 11530 Lender: GMAC Commercial Mortgage Corporation 650 Dresher Road P.O. Box 1015 Horsham, Pennsylvania 19044 -0809 Attn: Servicing - Executive Vice President Each party may establish a new address from time to time by written notice to the other given in accordance with this section; provided, however, that no such change of address will be effective until written notice thereof is actually received by the party to whom such change of address is sent. Notice to additional parties now or hereafter designated by a party entitled to notice are for convenience only and are not required for notice to a party to be effective in accordance with this section. Section 15.2 Entire Agreement; Time of Essence. This Security Instrument, together with the Note and the Other Loan Documents, contain the entire agreements between Borrower and Lender relating to the subject matter hereof and thereof, and supersede all prior discussions, representations, communications and agreements (oral orwritten) relative hereto and thereto which are not contained herein or therein. In the event of any conflict between the terms of such documents, the following order of priority ATLANTA4181845.4 GMACCM (SLIP) — DOT (8198) 33 Grand Isle, Nebraska