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V <br />the holder raaz~onable attorneys :fees. not exceeding-a sum equal to <br />fifteen per-cent ~15~) of~the outstanding balance owing on said. <br />note, plus all other reasonable expenses incurred by the holder in <br />ereresi.nq' any of the hclder`'s rights anci reiaedies upon default, <br />The rights and remedies of the holder as provided ;n tha;s note and <br />any instrument securing this note.. shall be cumulative ;and may be <br />pursued. singly,.: successively or together against the property <br />described in the. deed a~ trust or any other funds, property or <br />security held by the holder :tor payment ar security, in the sole <br />discretion of the holder. The failure to exercise any such right <br />or remedy shall. not.. be a waiver or xe3ease of such rights or <br />remedies or the right to exercise. any of them at another tame. <br />This ..note is to be governed and construed .in accordance with <br />the lam of the State of North Carolina.. <br />This note is given for an actual loan of Tt~ Hundred: `Fifty <br />Thousand and No/100 Dollars ($250, 000.00') , and is secured by a deed. <br />of tna.at of even date here~rth t4 Geoffrey E Gledhill, trustee, <br />conveying real estate ownedhY Whtted Forest Limited Partnership <br />located in Orange County, North Carolina which is a second lien. <br />upon the property therein described.. <br />IN TESTIMONY WHEREaF, Whined Forest .Limited Partnership has <br />caused this instrument to be executed by its general partner, <br />Hillsborough Affaxdable Housing Corporation, Inc., and Hillsborough <br />Affordable Housing Corporation, Inc. has caused this instrument to <br />be executed in its corporate name by a:ta President, attested. by its _ <br />Secretary and its corporate. seal to be hereto affixed, <br />4 <br />