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Exhibit A
<br /> THIS PROMISSORY NOTE made this 15th day of June, 2022 in Decatur, Illinois in the amount of
<br /> $250,000.00 WITNESSETH:
<br /> 1. For value received, Carrie Lane Supportive Housing LLC, an Illinois limited liability company
<br /> ("Borrower-Developer"), promises to pay to the order of the City of Decatur, an Illinois
<br /> Municipal Corporation ("City"), at its office, c/o Treasurer, City of Decatur,#1 Gary K. Anderson
<br /> Plaza, Decatur, Illinois 62523, or at such other place as it shall designate in writing,the sum of
<br /> Two Hundred Fifty Thousand Dollars and no/100 ($250,000.00) and such additional sums as
<br /> may be advanced hereon by the payee hereof, with no interest. All amounts due under the
<br /> terms of this Note, HOME Rental Agreement, and the Mortgage securing this Note shall be due
<br /> and payable, if not previously forgiven pursuant to Paragraph 2 of this Note.
<br /> 2. This Note is made by Borrower pursuant to the City of Decatur's HOME Funding Forgivable
<br /> Loan Agreement ("HOME Agreement"), Mortgage and Security Agreement (the "Mortgage")
<br /> and Deed Restrictions. No payments are due during the term of this Note. If Borrower is not in
<br /> default under the terms of this Note, HOME Program Agreement, Deed Restrictions, or of the
<br /> Mortgage which secures payment of this Note,the amount of$250,000.00, which is the
<br /> principal balance of this Note, shall be forgiven by the City upon the completion of a minimum
<br /> twenty years of rental occupancy as defined in the United States Department of Housing and
<br /> Urban Development's ("HUD") Integrated Disbursement Information System (IDIS) and as
<br /> further described in Paragraph 4 of this Note, so that the entire principal balance due
<br /> hereunder shall be forgiven.
<br /> 3. If default is made under the terms of this Note, or, if default shall be made in the
<br /> performance of any of the covenants contained in the Mortgage given to secure this obligation,
<br /> or said deed restrictions being incorporated herein, and any applicable cure period has expired,
<br /> the unpaid balance of the principal sum abovementioned, less any amounts previously forgiven,
<br /> shall, without further notice, become immediately due and payable.
<br /> 4. Presentment notice of dishonor, and protest are hereby waived by all makers, sureties,
<br /> guarantors and endorsers hereof. This Note shall be the joint and several obligations of all
<br /> makers, sureties, guarantors and endorsers, and shall be binding upon them and their
<br /> successors and assigns. The undersigned shall neither assign nor transfer any interest in this
<br /> property without City's prior written approval, during the Affordability Period. "Affordability
<br /> Period" shall be as defined in Section 8 of the HOME FUNDING FORGIVABLE LOAN AGREEMENT.
<br /> In the event Owner shall make any assignment or transfer of Owners' interest in the property
<br /> during the Affordability Period, without the City's prior written consent, all amounts received
<br /> from the City shall be immediately due and payable to City. The covenants of the Mortgage and
<br /> HOME Program Deed Restrictions shall be binding and encumber the project for the current
<br /> owner and any other future owners for the duration of the Affordability Period.
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