17 - Establishing City of Paris Texas PACE - Property Assessed Clean Energy Program

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Program and has requested Local Government to impose an assessment on the Property to repay the financing of such Qualified Improvements. V The financing of such Qualified Improvements will be provided to Property Owner by„ , ("Lender"), a qualified lender selected by Property Owner, pursuant to a written contract executed by Lender and Local Government as required by Section 399.006(c) of the PACE Act and by the PACE Program (the "Lender Contract"). Lender will be responsible for all servicing duties other than those specifically undertaken by Local Government in the Lender Contract. THEREFORE, Local Government hereby gives notice to the public pursuant to Section 399.013 of the PACE Act that it has imposed an assessment on the Property in the amount Of S ..I, as set forth on Exhibit C attached hereto, which together with all interest,fees . w. ..... �� ,penalties, costs and other sums due under and/or authorized by the PACE Act, PACE Program and the financing documents between Property Owner and Lender (the "Financing Documents") is herein referred to as the "Assessment". Pursuant to Section 399.014 of the PACE Act, The Assessment, including interest and any penalties, costs, or fees accrued thereon, (i) is a first and prior lien on the Property from the date that this Notice of Contractual Assessment Lien is recorded in the Oficial Public Records of ........... wwwww„w ,. . Texas, until such Assessment, interest, penalties, costs, and fees are paid in full; and (ii) such lien has the same priority status as a lien for any other ad valorem tag, pursuant to Section 399.014(x)(2) of the PACE Act. The lien created by the Assessment runs with the land, and according to Section 399.014(b) of the PACE Act, any portion of the Assessment that has not yet become due is not eliminated by foreclosure of: (i) a property tax lien, or (ii) the lien for any past due portion of the Assessment. In the event of a sale or transfer of the Property by Property Owner (including, without limitation, a foreclosure sale for a past due portion of the Assessment), the obligations under the Financing Documents (including, without limitation, the portion of the Assessment that has not yet become due) will be transferred to the succeeding owner without recourse on Local Government or the Program Representative and with recourse on Property Owner only for any unpaid installments of the Assessment that became due during Property Owner's period of ownership. After this Notice of Contractual Assessment Lien is recorded in the real property records of the county in which the Property is located as provided under Section 399.013 of the PACE Act, the lien created by the Assessment may not be contested on the basis that the improvement is not a "qualified improvement” or the project is not a "qualified project”, as such terms are defined in Section 399.002 of the PACE Act. EXECUTED on LOCAL GOVERNMENT: