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PROMISSORY NOTE <br /> Deferred Payment Loan <br /> Applicant Name(s): LINDA J. PARAZETTE HRS: CGG ID #: CC -4254 <br /> Property Address: 3731 YOSEMITE COURT SO,. PLEASANTON. CA 94588 <br /> PHONE #: (925) 846 -1178 DATE: JUNE 19. 2006 <br /> FOR VALUE RECEIVED, the undersigned hereby promises to pay to the City of Pleasanton, or other holder, <br /> the principal sum of Sixty Thousand Dollars and 00 /100 ($60,000.00). This Note will accrue simple interest at a <br /> rate of five (5) percent annually for a term of ten (10) years. However, the undersigned shall pay interest at the <br /> rate of seven (7) percent per year if this Note shall not be paid when due. This Note is due and payable upon the <br /> sale, conveyance, assignment, hypothecation, or any other transfer to any party(ies) of any interest of the <br /> undersigned in the property described in the Deed of Trust executed this date by the undersigned and the <br /> described below. In addition, this Note is due and payable if the property shall cease to be the principal residence <br /> of the undersigned, except as may be necessitated from medical reasons. All payments hereunder shall be made <br /> in lawful money of the United States of America at the office of Holder at the City of Pleasanton, Planning <br /> Department, 123 Main Street, Pleasanton, Ca 94566, or other places as Holder may from time to time designate <br /> in writing. <br /> Any prepayment of this loan shall require payment of the entire amount of principal plus interest accrued to the <br /> nearest date. <br /> Any refinancing and/or subordination must be approved in advance by CDA. Cash out from the refinancing is <br /> generally not allowed (repayment of unsecured debt from refinancing is considered cash out). <br /> CDA generally prohibits transfer of title into a living trust, unless CDA redetennines the trust benefactors meet <br /> our program eligibility criteria. <br /> Presentment, demand, protest, and notice are hereby expressly waived by the undersigned. Should payment <br /> hereof not be made when due, the undersigned further promises to pay all costs of collection, including, without <br /> limitation, attorney's fees, incurred by Holder in connection herewith. <br /> The Note is secured by a Deed of Trust, and Holder, as beneficiary, reference to which is hereby made for <br /> additional terms and conditions affecting this Note. <br /> This Note shall be governed and construed in accordance with the laws of the State of California. If the <br /> undersigned is more than one, each covenant and obligation contained herein shall be joint and several. <br /> LINDA J>P AZETTEg ate <br /> The Principal on this Promissory Note is hereby reduced to $ due to unused contingency funds. <br /> All other terms and conditions of this Promissory Note and Deed of Trust executed in conjunction with this <br /> Promissory Note remain the same. <br /> Holder Date <br />