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<br /> iii <br />Little Canada-Lupe - Borrower Loan Agreement - LC Apartments(199386221.3) - 5/12/2026 6:38:21 PM <br />Section 6.19 Management Agreement .......................................................................... 26 <br />Section 6.20 Determination of Taxability ..................................................................... 26 <br />Section 6.21 Provision of Annual Reports; Reporting of Material Events ................... 26 <br />Section 6.22 Use of Proceeds........................................................................................ 28 <br />Section 6.23 Compliance With Anti-Terrorism Regulations ........................................ 28 <br />Section 6.24 Adoption of Capital and Operating Budgets ............................................ 29 <br />Section 6.25 Borrower’s Approval of Funding Loan Agreement ................................. 30 <br />Section 6.26 Conditions Precedent; Payment of Certain Fees, Deposits and <br />Expenses .................................................................................................. 30 <br />Section 6.27 Additional Conditions Precedent ............................................................. 30 <br />Section 6.28 No Amendments ...................................................................................... 30 <br />Section 6.29 Construction of Improvements ................................................................ 30 <br />Section 6.30 Evidence of Payment of Costs ................................................................. 30 <br />Section 6.31 Correction of Deficiencies in Improvements ........................................... 30 <br />Section 6.32 Loan Rebalancing .................................................................................... 31 <br />Section 6.33 Use of Loan Proceeds .............................................................................. 31 <br />Section 6.34 Special Servicing Costs............................................................................ 31 <br />Section 6.35 Developer Fee .......................................................................................... 31 <br />Section 6.36 Payment and Performance Bonds ............................................................ 31 <br />Section 6.37 Extension of the Outside Stabilization Date. ........................................... 32 <br />ARTICLE 7 DEFAULTS AND REMEDIES.............................................................................. 32 <br />Section 7.1 Defaults .................................................................................................... 32 <br />Section 7.2 Remedies .................................................................................................. 34 <br />Section 7.3 No Waivers; Consents.............................................................................. 36 <br />Section 7.4 No Waiver; Remedies Cumulative .......................................................... 36 <br />Section 7.5 Set-Off...................................................................................................... 36 <br />Section 7.6 Governmental Lender and Borrower to Give Notice of Default ............. 36 <br />Section 7.7 Cure by Investor Limited Partner ............................................................ 37 <br />Section 7.8 Default Rate; Acceleration Premium ....................................................... 37 <br />Section 7.9 Reserved Rights; Regulatory Agreement Defaults. ................................. 37 <br />ARTICLE 8 DEPOSITS .............................................................................................................. 38 <br />Section 8.1 Deposits to and Disbursements from the Replacement Reserve <br />Account .................................................................................................... 38