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<br /> A-2 <br />Little Canada-Lupe - Borrower Loan Agreement - LC Apartments(199386221.3) - 5/12/2026 6:38:21 PM <br />“Optional Prepayment Premium” shall mean the applicable premium set forth in the Schedule <br />of Financial Terms. <br />“Stabilization Date” has the meanings set forth in the Funding Loan Agreement. <br />“Surplus Funding Loan Proceeds” means all drawn but unexpended moneys and any <br />unliquidated investments with respect thereto remaining upon Completion and after payment in full of the <br />Project Costs, except for Funding Loan proceeds retained to pay for Project Costs not then due and payable. <br />All other capitalized terms used but not defined in this Note shall have the meanings given to such <br />terms in the Borrower Loan Agreement. or the Funding Loan Agreement (as defined in the Borrower Loan <br />Agreement). <br />2. Method of Payment. All payments due under this Note shall be payable to Fiscal Agent, <br />or, if there is no Fiscal Agent, to the Funding Lender, or its successor. Each such payment shall be made <br />by wire transfer of immediately available funds in accordance with wire transfer instructions that the <br />Funding Lender or Controlling Person shall supply by written notice to the Borrower from time to time on <br />the date that is two Business Days before any other date that any payment of interest, premium, if any, <br />principal or other amount is required to be made hereunder. <br />3. Payments Due on Non-Business Days. In any case where the date of maturity of, interest <br />on or premium, if any, or principal of this Note or the date fixed for prepayment of any Borrower Note shall <br />not be a Business Day, then payment of such interest, premium or principal need not be made on such date <br />but shall be made on the next succeeding Business Day, with the same force and effect as if made on the <br />date of maturity or the date fixed for prepayment, and, in the case of such payment, no interest shall accrue <br />for the period from and after such date. <br />4. Interest Rate. Interest shall accrue on the drawn and unpaid principal of this Note from, <br />and including, the Closing Date, until the Maturity Date, at the Fixed Rate. Notwithstanding any other <br />provision of this Note to the contrary, interest shall not exceed the Maximum Rate. <br />5. Payment of Principal and Interest. Principal and interest shall be paid as follows: <br />(a) Borrower shall pay all amounts due under this Note at the times and in the amounts <br />set forth herein and in the Borrower Loan Agreement. Borrower shall make its payments under <br />this Note in immediately available funds. <br />(b) Commencing on the First Loan Payment Date and continuing on each Loan <br />Payment Date thereafter until and including the First Principal Payment Date, Borrower shall pay <br />monthly payments of interest only, at the Interest Rate, in successive monthly installments. Such <br />payments shall be made to the Fiscal Agent by 2:00 p.m., New York City time, on the second (2nd) <br />Business Day prior to each Loan Payment Date. <br />(c) Commencing on the First Principal Payment Date, and continuing on each Loan <br />Payment Date thereafter until and including the Maturity Date, Borrower shall pay monthly <br />payments of principal and interest as set forth on the Debt Service Schedule described in Section <br />2.1(f) of the Borrower Loan Agreement, in successive monthly installments. Such payments shall <br />be made to the Fiscal Agent by 2:00 p.m., New York City time, on the second (2nd) Business Day <br />prior to each Loan Payment Date.