PROMISSORY NOTE (Proximity Housing Program)California • November 3rd, 2010
Jurisdiction FiledNovember 3rd, 2010FOR VALUE RECEIVED, the undersigned ___________________________________ ("Borrower") promises to pay to Napa County, a political subdivision of the State of California, through the Community and Intergovernmental Affairs Divisions of the County Executive Office's Proximity Housing Homebuyers Assistance Program (collectively the "County"), at 1195 Third Street, Suite 310, Napa, CA 94559, or such other place as the County may designate in writing, the principal sum of ____________________________ Dollars ($_____________) (the "Proximity Housing Loan"), plus any Proximity Housing Share of Appreciation due, as set forth in Section 5 below and Article 8 of the Proximity Housing Agreement.