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i <br /> 40 <br /> Rural Economic Development Loan Agreement and EXHIBIT E <br /> Legally Binding Commitment, Private Owner <br /> BUILDING REUSE PROGRAM—Revision#3 2020-025.3201-2587 <br /> i <br /> If to the Governmental Unit: , Attn: <br /> To the Owner: Attn: <br /> or addressed to such other address or to the attention of such other individual as either party <br /> above shall specify in a notice pursuant to this subsection. <br /> 18. Entire Agreement, This LBC supersedes all prior agreements between the Governmental <br /> Unit and the Owner with regard to the Loan and the Project and expresses their entire <br /> understanding with respect to the transactions contemplated herein, and shall not be <br /> amended, modified or altered except pursuant to a writing signed by both Parties. <br /> 19. Execution. This LBC may be executed in one or more counterparts,each of which,when <br /> executed,shall be deemed an original,and all such counterparts, together, shall constitute <br /> one and the same LBC which shall be sufficiently evidenced by one of such original <br /> counterparts. <br /> 20. Construction. This LBC shall be construed and governed by the laws of the State of North <br /> Carolina. <br /> 21. Severability. Each provision of this LBC is intended to be severable and,if any provision <br /> of this LBC is held to be invalid, illegal or unenforceable in any respect,such invalidity, <br /> illegality or unenforceability shall not affect or impair any other provision of this LBC, but <br /> this LBC shall be construed as if such invalid,illegal or unenforceable provision had not <br /> been contained herein. <br /> 22. Force Majeure. If(a)during the Grant Term the real or personal property located on or <br /> constituting the Property suffers damage or destruction caused by acts of God,fires, floods, <br /> storms, insurrection,riots,acts of the public enemy,national catastrophe,or similar unexpected <br /> events,(b)such damage or destruction was not principally caused by the negligence,willful <br /> misconduct or violation of applicable law by the Owner,(c)the Owner uses reasonable efforts <br /> Legally Binding Commitment- 10 <br />