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and escrow costs incurred by City and by reason of the purchase or sale of the Residence by Borrower. 2.2 Net Appreciation. "Net Appreciation" shall mean the sale price of the Residence upon its Transfer by Borrower minus the Closing Costs attributable to such Transfer plus the purchase price of the Residence when originally acquired by Borrower. 2.3 Transfer. "Transfer" shall mean any voluntary or involuntary sale, assignment or transfer of ownership of the Residence or of any interest in the Residence, including, but not limited to, a fee simple interest, a joint tenancy interest, a life estate, a leasehold interest, or an interest evidenced by a land contract by which possession of the Residence is transferred and Borrower retains title. 3.0 Borrower's Acknowledgments. Borrower acknowledges the following: 3.1 Source of Funds Loaned to Borrower. In order to further assist Borrower in the purchase of the property located at XX3CXXX, Pleasanton. Cali ornia (the "Residence"), the City is using a portion of funds from the Housing Opportunities Made Easy (HOME) program ($195,000.00) as the sources of a loan from the City to Borrower in the amount of the original principal sum of this Note; the loan, which is evidenced by this Note. Bonower shall use the property to provide housing for low income households with developmental disabilities and shall make every effort to keep rents at a minimum and maximize the use of the property. 3.2 Acceleration. The outstanding principal amount of the Note is due and payable by Borrower to the City in the event the Residence, or any interest in it, is transferred by Borrower. For the purpose of this Section 3.2, "transfer" shall have the same meaning as is set forth in Section 2.3 herein. 3.3 The Residence. The Residence more fully described in Exhibit "A" attached hereto and incorporated herein by reference, shall serve as security for the Deed of Trust executed in connection with this Note. 4.0 Any notice to Borrower provided for in this Note shall be given by mailing such notice by certified mail addressed to Borrower at the Property Address stated below, or to such other address as Borrower may designate by notice to the Lender. Any notice to the Lender shall be given by mailing such notice by certified mail, return receipt requested, to the Lender at the following address or at such other address as may have been designated by notice to Borrower: City of Pleasanton Housing Division 123 Main Street