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<br /> � � � a. � Faragruph �"l. ° BORROWING � I�IMITA�IONS.� is heceby � , , �
<br /> . �.� ` � c�eltted- i�. ita entirety .anc# reglace w th th � o ow ngr ` . . � . � . �
<br /> �. , . 1. HQRRd4�iING LII►lITATIONS � . . - � `_ . .
<br /> - _—�,---�-- ,--=- � --- :- _ --_- _ - .._- � - - - - — - --- . . .- :_- ---_--__
<br /> _---�---�- - -_ , � . - ._ - -
<br /> � � � �n. the bas#s of the covenants, agreement� and representations ' -' .
<br /> �� " ;- . og Har rower contained herein aad suf��ec� to t�e ternts and , � ` , � �
<br /> ; � " ccsnditxona hereiaafter set forth, Lender " agxees to� lend to � . �
<br /> � . Borrower 'and Hor�ower . agre�s to bor.row from Lender a principal � , `
<br /> , `�� �.su.�n. not to� �exceed the: face amoun� of the, First �Amendm�nt and
<br /> . ,�_.__ , .:.
<br /> � . � � . Reatatec�ent o�- ttte 9econd Promissory Note Secured Hy� Deed of - ,
<br /> '. � T�ust r3ated Septem2�er 30, 1989, executed b� Borrawer in favor o€
<br /> , Lender or its holder ('°Amended Second_ Prom�ssary` Note") and the �
<br /> First Amer�dment and �Re�tatement of tihe Third Promissory Note `
<br /> ' .• � � � Secured By Deed of Trust dat�d September 3fl. 1989, executed by •� '
<br /> • , '� Horrower in ,favor of Lender ar its halder �"Amended Third . , �
<br /> � Promissory Note°) the proceeds of wF�,ich are to 6e disbursed by � ` � � �
<br /> " , � � . � � Lender � ex�Iusivel.g for the paytrtent �f the foliowing costs and , � " �
<br /> � . , expenses approved by Lender as here��.�€ter �rovided: (i) eosts ` . ' ,
<br /> � • � and expenses incurred in e���x�c�ia�i �s�i.�� the develapment, , . -
<br /> � . construetion and finish �of ���the Os�finished Tenant SpaceQ (ii) • '
<br /> .� • � ' costs and expenses incurrec� in c�mm�ection with the Loan �and �
<br /> � ` � � -Bacrowers "� undertakings bereuncler, whi�c�i proceeds sinall be • �
<br /> . ; . . disbussed as �ollows: _ . , .
<br /> � , (a) Fourth Readvanced Loans DeveZo ment Cos� an�. '
<br /> � � �ourse-of-Construct on Disbursements. Sub�ect to .the ptovision . �
<br /> `o th s Agreement, inclu ing, without limitation, the provisions �
<br /> � . contained fn Paragraptis 2 and 9, and Le::a�r has received an � � --
<br /> - irrevocable commitment or endo_*sement frdm Title Insurer to issue . ; ,:
<br /> - ' , to Lender the Poli�y of Title Insurance. r�ferred to in Paragra�ih .
<br /> 4 hereof, Lender shalZ disburse under the Loan to Borrower, or to �' � � �, ,�;=
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