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TABLE OF CONTENTS <br /> Page <br /> ARTICLE 1 DEFINITIONS AND EXHIBITS 1 <br /> Section 1.1 Definitions 1 <br /> Section 1.2 Exhibits 4 <br /> ARTICLE 2 LOAN PROVISIONS 4 <br /> Section 2.1 Loan. 4 <br /> Section 2.2 Interest 4 <br /> Section 2.3 Repayment of the Loan 4 <br /> Section 2.4 Use of Loan Funds. 6 <br /> Section 2.5 Security. 6 <br /> Section 2.6 Conditions Precedent to Disbursement 6 <br /> Section 2.7 Non - Recourse. 7 <br /> ARTICLE 3 CONSTRUCTION OF THE PROJECT 7 <br /> Section 3.1 Commencement and Completion of Construction 7 <br /> Section 3.2 Equal Opportunity 7 <br /> ARTICLE 4 LOAN REQUIREMENTS 7 <br /> Section 4.1 Inspection of Books and Records. 7 <br /> Section 4.2 Inspection of Project 7 <br /> Section 4.3 Yearly Reporting Requirements. 7 <br /> Section 4.4 Maintenance and Damage 8 <br /> Section 4.5 Operation of Project as an Assisted Living Facility. 8 <br /> Section 4.6 Transfer. 8 <br /> ARTICLE 5 DEFAULT AND REMEDIES 9 <br /> Section 5.1 Events of Default. 9 <br /> Section 5.2 Remedies 11 <br /> Section 5.3 Right of Contest. 12 <br /> Section 5.4 Remedies Cumulative. 12 <br /> ARTICLE 6 GENERAL PROVISIONS 12 <br /> Section 6.1 Relationship of Parties. 12 <br /> Section 6.2 No Claims. 12 <br /> Section 6.3 Amendments. 13 <br /> Section 6.4 Indemnification. 13 <br /> Section 6.5 Non - Liability of City Officials, Employees and Agents. 13 <br /> Section 6.6 No Third Party Beneficiaries. 13 <br /> Section 6.7 Discretion Retained By City. 14 <br /> Section 6.8 Notices, Demands and Communications. 14 <br /> Section 6.9 Applicable Law 14 <br /> Section 6.10 Parties Bound. 14 <br /> Section 6.11 Attorneys' Fees 15 <br /> Section 6.12 Severability. 15 <br /> Section 6.13 Force Majeure. 15 <br /> 14411051272256.4 <br />