Common Contracts
2 similar null contracts
PROMISSORY NOTEDecember 1st, 2017
This Promissory Note (the "Note") replaces in their entirety the following promissory notes executed by Church Lane-Rubicon Partners, a California limited partnership, a California limited partnership, for the benefit of Holder: (i) promissory note dated December 9, 2015, evidencing the obligation to pay the amount of Eight Hundred Four Thousand Four Hundred Dollars ($804,400) of HOME Funds; and (ii) promissory note dated December 9, 2015, evidencing the obligation to pay the amount of Nine Hundred One Thousand Five Hundred Thirty-Three Dollars ($901,533) of CDBG Funds (collectively, the "Original Notes"). All disbursements under the Original Notes will be deemed to be disbursed under this Note. Upon execution of this Note by Borrower, the Original Notes will automatically terminate and will be returned to Borrower by the Holder.
PROMISSORY NOTEDecember 1st, 2017
This Promissory Note (the "Note") replaces in their entirety the following promissory notes executed by Idaho Apartments-Rubicon Partners, a California limited partnership, a California limited partnership, for the benefit of Holder: (i) promissory note dated November 26, 1996, evidencing the obligation to pay the amount of Four Hundred Seventy Thousand Dollars ($470,000) of CDBG Funds; (ii) promissory note dated November 26, 1996, as modified by a rider dated November 26, 1997, evidencing the obligation to pay the amount of Two Hundred Fifty-Five Thousand Dollars ($255,000) of HOPWA Funds; and (iii) promissory note dated January 29, 1999, evidencing the obligation to pay the amount of One Hundred Two Thousand Dollars ($102,000) of HOPWA Funds, (collectively, the "Original Notes"). All disbursements under the Original Notes will be deemed to be disbursed under this Note. Upon execution of this Note by Borrower, the Original Notes will automatically terminate and will be returned to Bor
