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"Spqn$o1-I.og4") to Teanaway Court Associates LLLP ("Partnership") for the development of a <br />mixed-use affordable housing development in Cle Elum, Washington, to be known as Teanaway <br />Court (the "Proj-ect"). <br />Assignor is collaterally assigning the Note evidencing the Sponsor Loan, and the Deed of <br />Trust securing payment thereof, referenced below, to secure Assignor's obligations to Assignee <br />under the County Agreement, the County Note executed by Assignor and made payable to the <br />County and the Affordable Housing Covenant recorded on or about the date hereof in the official <br />records of Kittitas County (the "County Documents"). <br />For value received, Assignor hereby collaterally assigns to Assignee all beneficial interest <br />under that certain Deed of Trust (Sponsor Loan - County Funds) dated as ofthe date hereof, executed <br />the Partnership, as Grantor, naming Assignor as Beneficiary, and First American Title Insuranceby <br />Company as Trustee, recorded under Recording No.in the records <br />of Kittitas County, Washington, concerning the real property described on Eb![i!1! hereto (the <br />"Deed__qf_Tn6!"), together with the Loan Agreement (Sponsor Loan - County Funds) ("Loan <br />Aqreement") and Promissory Note (Sponsor Loan - County Funds) referenced therein (the oo$!9," <br />and, together with the Loan Agreement and Deed of Trust, the "Sponsor Loan Docume . <br />This Assignment shall be governed in all respects by the laws of the state of Washington, <br />shall inure to the benefit of the successors and assigns of Assignor and Assignee, and shall <br />terminate upon expiration of the term of the County Documents set forth therein. <br />lSignature Pages Followl <br />2TEANAWAY ColI-RrsnRI- AsstcuuaNr (CouNrY FLNDS)