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6. The Holder may extend the times of payments of interest and/or principal of or any penalty or premium due on this Note, including the date of the Final Maturity Date, to the extent permitted by law without notice to or consent of any party liable hereon and without releasing any such party. However, in no event may the Final Maturity Date be extended beyond thirty (30) years from the date hereof. 7. The Principal Balance may be prepaid in whole or in part in increments of $100,000 on any. Rate Change Date, upon at least thirty (30) days' advance written notice to the Holder (or such lesser period of notice as the Holder may approve) and upon payment of an amount equal to the principal amount being so prepaid, plus accrued interest hereon to the date of prepayment. This Note is also subject to mandatory prepayment in whole or in part pursuant to Section 2.1 of the Construction Loan Agreement in the amount of any sums remaining in the Proceeds Account of the Construction Fund at the Completion Date (as such terms are defined in the Construction Loan Agreement) and in the event that there are any such sums, such sums shall be applied first to the prepayment of the Series A Note and second to the payment of the Series B Note. Upon the occurrence of certain "Events of Default" under the Construc- tion Loan Agreement and/or under the Mortgage, and as provided in paragraph 11 hereof, the Holder may declare the Principal Balance and accrued interest on this Note to be immediately due and payable (any such action and any similar action pursuant to paragraph l(c)(ii) hereof being hereinafter referred to as an "acceleration" of this Note). Upon the occurrence of certain events of damage, destruction or condemnation, the Holder may, as provided in the Mortgage, apply the net proceeds of any insurance or condem- nation award to the prepayment, in whole or in part, without premium, of the Principal Balance of the Series A Note and then to the Principal Balance of the Series B Note. This Note may be called for redemption and prepayment, in whole, on the Call Date or at any time within the six months' period following the Call Date, at the option of the Holder, upon at least thirty (30) days' advance written notice to the Borrower (or such lesser period of notice as the Borrower may approve). 8. The payments due under paragraph 1 hereof shall continue to be due and payable in full until the entire Principal Balance and accrued interest due on this Note have been paid regardless of any partial prepayment made hereunder. 13