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E <br />-4- <br />U <br />L L J <br />L J <br />86- 100912 <br />i <br />1. New Definition of loan Documents. This Agreement is <br />s� <br />hereby included in the definition of "Loan Documents" as that <br />Prom- <br />term is defined in the Original Loan Agreement, Original Prom - <br />k <br />issory Note, Deed of Trust, Original Guarantee and Original Loan <br />Documents. <br />2. New Legal Description. The Borrower warrants and <br />represents that it is the owner of only the units defined in <br />Exhibit "B" which is attached hereto and incorporated herein by <br />this reference. <br />3. The Original Promissory Note is a valid subsisting <br />obligation of the Borrower in the principal amount of $2,650,000 <br />y <br />with an unpaid balance on December 31, 1965 of - - •,�,�f L <br />4. The Borrower has no defenses or offsets against the <br />payment of principal or interest of the unpaid balance as set <br />forth in paragraph 3 above. <br />5. The maturity date of the Original Promissory Note is <br />extended until June 30, 19236 with rate and payment of interest on <br />the extended balance computed according to the terms and condi- <br />tions of the Second Promissory Note. <br />6. Continued Liability. The Borrower, Guarantor, and all <br />other parties who are or hereafter may become primarily or <br />secondarily liable for the payment of the obligation evidenced by <br />the Loan Documents, as redefined herein, and any further <br />extensions, modifications or renewals thereof, do hereby agree to <br />remain liable to the Lender, its successors and assigns, in the <br />event that any readvancement, extention of the time for repayment <br />or modification of the PIaturity Date under Original Promissory <br />-4- <br />U <br />L L J <br />L J <br />