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development in Cle Elum, Washin$on, to be known as Teanaway Court (the "P{ojpct")' <br />Assignor is collateratty assigning the Note evidencing the Sponsor Loan, and the Deed of <br />Trust securing payment thereof, reierenced below, to secure Assignor's obligations to Assignee <br />under the County Agreement, the County Note executed by Assignor and made payable to the <br />County and the Affoidable Housing Covenant recorded on or about the date hereof in the official <br />records of Kittitas County (the "egg$I-poauments"). <br />For value received, Assignor hereby collaterally assigns to Assignee all beneficial interest <br />under that certain Deed of Trust (iponsor Loan - County Funds) dated as of the date hereof, executed <br />by the Partnership, as Crantor, naming Assignor as Benefrciary, and First American Title Insurance <br />io*puny as Trustee, recorded under RecorAing No. 20260713002-3- . - - -- ' in the records <br />of fittitas County, Washington, concerning the feal property described on @A hereto (the <br />,,Deed of Trust"j, togetheiwith the Loan Agreement (Sponsor Loan - County Funds) ("Loan <br />4, g....qrr."t') *i proili5ory Note (Sponsor Loan - County Funds) referenced therein (the "Note," <br />ililtogrttrri with the Loan Agreement and Deed of Trust, the "$ponsgr Loan Doouments".). <br />This Assignment shall be governed in all respects by the laws of the state of Washington, <br />shall inure to th; benefit of the successors and aisigns of Assignor and Assignee, and shall <br />terminate upon expiration of the term of the County Documents set forth therein. <br />lsig nature Pages Fo llowl <br />2 <br />TEANAWAY COLLATERAL ASSICNMENT (COUNTY FUNDS)