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PROMISSORY NOTE <br /> Deferred Payment Loan <br /> Applicant Name(s) :BAY AREA COMMUNITY SERVICES. INC. ID#:1277 <br /> Property Address:4344 RAILROAD a PLEASANTON. CA Date:07/09/93 <br /> FOR VALUE RECEIVED, the undersigned hereby promises to pay to the <br /> COUNTY OF ALAMEDA, Housing and Community Development, or other <br /> holder, the principal sum of Forty Three Thousand Three Hundred <br /> Ninety Three Dollars and 00/100 ($43, 393.00) . This Note will not <br /> accrue interest and is due and payable July 9, 2008. The <br /> undersigned shall pay interest at the rate of seven (7) percent per <br /> year if this Note shall not be paid when due. This Note is also <br /> due and payable upon the sale, conveyance, assignment, <br /> hypothecation, or any other transfer to any party(ies) of any <br /> interest of the undersigned in the property described in the Deed <br /> of Trust executed this date by the undersigned and the described <br /> below. All payments hereunder shall be made in lawful money of the <br /> United States of America at the office of Holder at the County of <br /> Alameda, Housing and Community Development, 224 W. Winton Avenue, <br /> Room 108, Hayward, CA 94544, or other places as Holder may from <br /> time to time designate in writing. <br /> Any prepayment of this loan shall require payment of the entire. <br /> amount of principal plus interest accrued to the nearest date. <br /> Presentment, demand, protest, and notice are hereby expressly <br /> waived by the undersigned. Should payment hereof. not be made when <br /> due, the undersigned further promises to pay all costs of <br /> collection, including, without limitation, attorney's fees, <br /> incurred by Holder in connection herewith. <br /> The Note is secured by a Deed of gust, and Holder, as beneficiary, <br /> reference to which is hereby made for additional terms and <br /> conditions affecting this Note. <br /> This .Note shall be governed and construed in accordance with the <br /> laws of the State of California. If the undersigned is more than <br /> one, each covenant and obligation contained herein shall be joint <br /> and se, eral. <br /> J `� 7, 9. 15- <br /> BAY AREA Co I i Y SERVICES, INC. DATE <br /> A non-profit •rporation <br /> By Susan Garbuio <br /> Its Executive Director <br /> This principal sum of this promissory note is hereby reduced to $27,893.00 <br /> due to unused contingency funds. All other terms and conditions of this <br /> promissory note and the deed of trust signed in conjunction with this promissory <br /> note, remain the same. <br /> ��� y <br /> Holder Pate <br />