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<br /> <br />in the notice may result in acceleration of the LCDA Loan. The limited partners of Borrower and <br />the lenders of the Other Project Financing shall have the right, but not the obligation to cure any <br />event of default during the applicable cure period. <br />If suit is instituted by Lender, its successors or assigns to recover on this Note, the <br />undersigned agrees to pay all costs of such collection including reasonable attorney's fees and <br />court costs. <br />Demand, protest and notice of demand and protest are hereby waived and the undersigned <br />waives, to the extent authorized by law, any and all homestead and other exemption rights which <br />otherwise would apply to the debt evidenced by this Note. <br />This Note is secured by a mortgage ("LCDA Mortgage") of the real property described in <br />Exhibit A attached hereto, dated _______________, and duly filed for record in the office of the <br />County Recorder and/or Registrar of Titles in and for Ramsey County in the State of Minnesota, <br />and reference is made to the LCDA Mortgage for the rights of the Lender as to the acceleration of <br />the indebtedness evidenced by this Note. <br />Notwithstanding anything in this Note to the contrary, and except for fraud or willful <br />misconduct, no recourse shall be had for the payment of the principal of, or interest in, against <br />the Borrower or any partner, legal representative, heir, estate, successor or assign of any <br />thereof. The Lender agrees to look solely to the collateral given as security for payment of this <br />Note. <br />This Note shall be governed by and construed in accordance with the laws of the State of <br />Minnesota. <br />[Remainder of page intentionally left blank; signature(s) on following page(s)] <br />