Document:

Exhibit 10.02
                        PROVISIONAL WORKOUT AGREEMENT

                    DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

PROJECT NO. 934-94W4                           EFFECTIVE DATE January 1. 1994
PROJECT MAKE Spring Village Apts.              EXPIRATION DATE Dec. 31, 2W2
LOCATION 601 Poplar Street, Sharon Hill, PA

                           PROVISIONAL WORKOUT ARRANGEMENT

The undersigned mortgagor hereby expressly acknowledges that the mortgage
(Deed of Trust) and note secured by the above project is in default. To afford
an opportunity to effect reinstatement, the mortgagor requests the Secretary,
Department of Housing and Urban Development, to hold the defaulted note and
mortgage on the subject project under the terms and conditions stated herein:

1. Possession. The mortgagor acknowledges that the default entitles HUD to
assume possession of the encumbered premises, but that possession has not been
demanded. As an inducement f or HUD approval of this Arrangement, the
mortgagor agrees that it will not oppose or interfere in any way should HUD
demand possession by reason of subsequent default under the terms of this
arrangement.

2. Junior Obligations The mortgagor agrees that project revenues will not be
used to repay either interest or principal f or any project obligation (other
than reasonable and necessary operating expenses) that is junior to the
Secretary's lien.

3. Payment Provision.

a. Beginning January 1. 1994 and continuing through December 31, 1994 the
mortgagor will remit by the first of the month a minimum payment sufficient to
pay through 87 percent of interest. This payment is currently $24,000.00 per
month. The payment shall be increased annually as follows:

                                                                  % of
                 Monthly                 Year               Accruing Interest

1995              25,000                300,000                    91%
1996              26,750                321,000                    97%
1997              27,750                333,000                   101%
1998              28,500                342,000                   103%
1999              30,500                366,000                   110%
2000              31,500                378,000                   114%
2001              33,000                396,000                   120%
2002              34,000                408,000                   123%

93101802.44

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                                              - 2 -

On January 1, 2003 the mortgage shall be recast and the mortgage payment set
to amortize the then existing balance over the remaining term (239 months).

b. Past delinquency, if any, in the Reserve f or Replacement is hereby
forgiven. Payments into the Reserve for Replacement for the duration of this
workout period are hereby waived.

c. Any funds over $25,000.00 (approximately one month's principal and
interest) remaining in the operating account each month after payment of
project operating expenses will be remitted in addition to the minimum monthly
payment. Mortgagor shall establish an escrow account to assure timely payment
of insurance and heating bills as they come due.

d. A four percent late charge may be assessed against payments not received by
the fifteenth of the month.

e. At no time will the owner permit any delinquency to accrue in either the
service charge due HUD or tax escrow as billed by HUD each month.

f. Mortgagor remitted all of the net operating income to HUD. No additional
late charges other than those assessed pursuant to paragraph 3(d) will be
charged for the duration of this workout period.

4. Lump Sum Payments.  The mortgagor made the following lump sum payments, to
be applied to mortgage delinquencies, an the dates indicated:

The mortgagor invested over $750, 000. 00 in renovations to the property over
the past five years substantially improving the property. Since the default,
the mortgagor remitted $41, 269. 77 on June 1, 1992, $44, 000. 00 on July 1,
1992, $136, 000. 00 on August 1, 1992, and the net operating income of the
project monthly thereafter. From January 1, 1992 through June 30, 1993 a total
of $315,250.00 was remitted.

The mortgagor requests that contributions made in prior years be applied to
the 15% contribution. The net income from the property has not covered the
principal and interest since inception. The following contributions were made
for capital improvements and to pay interest and principal on the mortgage:

93101802.44

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                                            - 3 -

                         1989           $316,000
                         1990            100,000
                         1991            105,500
                                        --------
                                        $521,500

We are not in a position to make an additional capital contribution, however,
we should be able to cover any future shortfall if the project cannot meet the
minimum interest payments as shown on the Projected Statement of Operations.

5. Repairs. The mortgagor has on deposit with HUD $41,679.51 in the reserve
for replacement escrow. The mortgagor shall place in escrow, in a separate
repair f und, an additional $9, 000. 00. All disbursements from these funds
may be made only with prior written approval of HUD. All of the repairs
previously agreed to with HUD were completed. Additional major repairs are not
anticipated beyond October 1, 1993 and during the term of this agreement.

6. Mortgage Modification.

a. If the mortgagor has f ully complied with the terms of this Arrangement and
HUD has determined that it is financially feasible, as of January 1, 2003 HUD
agrees to recast the then existing mortgage and accrued interest at 10 1/2%
percent interest amortized over the remaining term of the mortgage (11-30-22).

b. The mortgagor agrees to modify the note and mortgage to insert a call
provision. The call provision gives the mortgagee the option to declare the
entire indebtedness due and payable at or after (ten years) (the longer of ten
years or the remaining term of the Section 8 contract) from the date of the
modification.

7. Equity Kicker. Mortgagor agrees to pay to HUD f if teen percent of the
gross sales price minus the mortgage balance upon a sale or conversion; or
fifteen percent of the gross proceeds from a refinancing.

8. Accounting Reports. During the term of this Arrangement, the mortgagor
shall submit Monthly Reports f or Establishing Net Income (Forms HUD-93479,
93480, and 93481). The f irst report shall be f or the month of January, 1994.
The original reports are to be mailed to the HUD office in Philadelphia.
Previously all reports were mailed to HUD c/o Erwin and Associates.

93101802.44

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                                         - 4 -

9. Distributions. The mortgagor agrees not to take any distributions while the
mortgage is being held in default under the terms of this arrangement and of
the original Note, Mortgage and Regulatory Agreement.

10. Cancellation Clause. This Arrangement in on a month-to-month basis. The
Secretary agrees to take no action because of the existing monetary default,
provided that the mortgagor remits the required minimum monthly payment and
satisfactorily performs the other requirements of this Arrangement. Failure of
the mortgagor to meet the terms of this Arrangement will be sufficient cause
for the Secretary to immediately terminate this Arrangement and to commence
foreclosure action. Failure of the mortgagor to meet the terms of the
Arrangement is also grounds for the Department to consider taking
administrative sanctions against the mortgagor including, but not limited to,
suspension or debarment from participation in HUD programs.

11. Criminal Sanctions for Misuse of Prolect Funds. The mortgagor acknowledges
that the use of project funds derived from the project covered by this
Arrangement for any purpose other than to meet actual and necessary project
expenses may be a criminal offense punishable by a fine of not more than
$5,000 and imprisonment of not more than three (3) years or both.

APPROVED BY:

MORTGAGOR: Harry J. Santoro, President
           S.V.G. Properties, L.P.

ASSISTANT SECRETARY FOR HOUSING-FEDERAL HOUSING COMMISSIONER

BY:

DATE:

93101802.44

<PAGE>
                               S.V.G. PROPERTIES, L.P.
                         Projected Statements of Operations
                                 Nine-Year Workout
<TABLE>
<S>                   <C>          <C>        <C>        <C>          <C>       <C>
                        1994        1995        1996        1997        1998        1999
Revenue
Gross rent potential   $760,000    $783,000    $810,500   $839,000    $869,000   $900,000
Less: Vacancy           -38,000     -39,000    - 40,500   - 42,000    - 43,500   - 45,000
                       --------    --------    --------   --------    --------   --------
Net rental income       722,000     744,000     770,000    797,000     825,500    855,000

Other Income
Interest                  1,500       1,500       1,600      1,700       1,800      1,900
Tenant fees               6,000       6,000       6,200      6,400       6,600      6,800
Laundry Income            7,400       7,400       7,700      7,900       8,100      8,400
                       --------    --------    --------   --------    --------   --------
Total Other Income       14,900      14,900      15,500     16,000      16,500     17,100

Total Revenues          736,900     758,900     785,500    8l3,000     842,000    872,100

Operating Expenses
Administrative           84,000      86,500      89,000     91,700      94,500     97,300
Utilities               102,500     105,600     108,000    111,300     114,600    ll8,000
Maintenance              91,000      94,000      97,000     99,900     103,000    106,000
Taxes and insurance     126,000     130,000     134,000    138,000     141,200    146,500
                       --------    --------    --------   --------    --------   --------
Total Operating Exp.    403,500     416,100     428,000    440,900     453,300    467,800

Net Operating Income    333,400     342,800     357,500    359,600     388,700    404,300

Financial and Other
  Expenses
Minimum interest pymt.  288,000     300,000     321,000    333,000     342,000    366,000
Mortgage insurance       15,600      15,600      15,600     15,600      15,600     15,600
Capital improvements     30,000      24,000      18,000     18,000      18,000     18,000
                       --------    --------    --------   --------    --------   --------
Net Cash                   -200      -3,200       2,900      9,200      13,100      4,700

Mortgage Amortization
Beginning balance     3,462,000

Accrued interest        331,260     331,260     331,260    331,260     331,260    331,260
Minimum payment         288,000     300,000     321,000    333,000     342,000    366,000

Ending balance          3505260     3536520     3543880    3532940     3509100    3469660

</TABLE>
* Net cash used to pay accrued interest at year end.

93101803.44

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                              S.V.G. PROPERTIES, L.P.
                        Projected Statements of Operations
                                 Nine-Year Workout

                            2000             2001                2002

Revenue
Gross rent potential        930,000          958,000              986,700
Less: Vacancy                46,500           47,900               49,300
                            --------        --------             --------
Net rental income           883,500          910,100              937,400

Other Income
Interest                      2,000            2,000                2,100
Tenant fees                   7,000            7,100                7,200
Laundry Income                8,600            8,700                8,800
                            --------        --------             --------
Total Other Income           17,600           17,800               18,100

Total Revenues              901,100          927,900              955,500

Operating Expenses

Administrative              100,300          103,300              106,400
Utilities                   121,500          125,100              128,900
Maintenance                 109,000          112,300              115,700
Taxes and insurance         151,000          155,500              160,200
                            --------        --------             --------
Total Operating Expenses    481,800          496,200              511,200

Net Operating Income        419,300          431,700              444,300

Financial and Other
  Expenses
Minimum interest payment    378,000          396,000              408,000
Mortgage insurance           15,600           15,600               15,600
Capital improvements         18,000           18,000               18,000
                            --------        --------             --------
Net Cash                      7,700            2,100                2,700

Mortgage Amortization
Beginning balance           3,469,660
Accrued interest              331,260        331,260              331,260
Minimum payment               378,000        396,000              408,000
Ending balance              3,415,220      3,348,380            3,268,940

93101803.44

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                                 S.V.G. PROPERTIES, L.P.
                             Projected Statement of Income
                                      Year 2003
                                After Proposed Recasting

Revenue
Gross rent potential                  $1,016,300
Less: vacancy                             50,800
                                     -----------
Net rental income                        965,500

Other Income
Interest                                   2,200
Tenant fees                                7,300
Laundry income                             8,900
                                     -----------
Total Other Income                        18,400

Total Revenues 983,900

Operating Expenses
Administrative                           109,600
Utilities                                132,800
Maintenance                              119,200
Taxes and insurance                      165,000
                                     -----------
Total Operating Expense                  526,600

Net Operating Income                     457,300

Financial and Other Expenses
Interest expense                         340,800
Mortgage insurance                        16,400
Mortgage principal                        51,300
Reserve for replacements                  16,400
Capital improvements                      18,000
                                     -----------
Total Financial and Other Expenses       442,900

Net Cash Flow                         $   14,400
                                     ===========

Mortgage balance 1-1-03 $3,268,940 due 11-30-22, amortized over remaining term
of 239 months at the current interest rate of 10.5%.

93101804.44EXHIBIT 10.03

                            STORAGE TANK AGREEMENT WITH
                          RESOURCE PROPERTIES XXIII, INC.

                                                             11/20/96
                               AGREEMENT

This Agreement (the "Agreement") is made this day of November, 1996 by and
between RESOURCE PROPERTIES XXIII, INC., a Delaware corporation ("Resource")
and SVG PROPERTIES, L.P., a New Jersey limited partnership ("SVG").

WHEREAS, SVG is the owner of property whose address is 601 Poplar Street,
Sharon Hill, PA which is improved by an apartment building consisting of 125
units commonly known as Mill Springs Apartments (the land and building
together are referred to herein as the "Property"); and

WHEREAS, Resource is the holder of a mortgage note (the "Mortgage Note") on
the Property in the original principal amount of $3,200,000; and

WHEREAS, on October 23, 1987, SVG entered into a Regulatory Agreement for
Multifamily Housing Projects Coinsured by HUD (the "Regulatory Agreement");
and

WHEREAS, effective January 1, 1994, SVG entered into a Provisional Workout
Agreement with the Department of Housing and Urban Development ("HUD"), a
prior holder of the Note, whose rights thereunder have been assigned to
Resource; and

WHEREAS, the parties are both aware that there are underground oil storage
tanks on the Property; and

WHEREAS, SVG would like to borrow the money to remove the storage tanks and
remediate any contaminated soil on the ternis and conditions set forth herein;
and

WHEREAS, Resource is willing to lend SVG the money to do so on the terms and
conditions set forth herein.

NOW THEREFORE, in consideration of the premises recited above and the
covenants and agreement, set forth below, intending to be legally bound, the
parties hereto agree as follows:

1 . Removal and Remediation. Within five (5) days from the date hereof, SVG
will solicit bids from qualified, licensed and bonded contractors for the
removal of the underground storage tanks and remediation of any contaminated
soil on the Property ("Removal and Remediation"). The Removal and Remediation
shall be performed in strict accordance with the provisions of the
Pennsylvania Storage Tank and Spill Prevention Act (the "Act") and the
regulations promulgated by the Pennsylvania Department of Environmental
Resources (the "Department") thereunder. If SVG is able to obtain bids with
estimated Removal and Remediation costs of less than One Hundred Ten Thousand
Dollars ($110,000) from qualified, licensed and bonded contractors, SVG shall
enter into such contracts of Removal and Remediation provided Resource has
approved all of the terms and.conditions, of such contracts.

SVG agrees to file an application for removal of the tanks with the Department
if required under the Act within five (5) days after the receipt of an
acceptable bid.

SVG agrees to furnish Resource with a copy of all applications, reports, and
correspondence relating to such Removal and Remediation within five (5) days
after the receipt of filing of such documents.

2. Agreement to Lend. Resource shall lend the amounts up to the total amount
required under the contracts for Removal and Remediation as such funds are
required under such contracts. At the option of Resource, any amounts due may
be paid directly from Resource to a contractor, with SVG's loan account being
charged.

3. Terms of Loan.

(a) Any loan made pursuant to Paragraph 2 hereof shall be evidenced by a
promissory note in the form of Exhibit "A" hereto (the "Note") and shall be
payable as herein and therein set forth.

(b) The Note shall bear interest at the rate of ten percent (10%) annually,
compounded monthly; principal shall be due on the earlier of November 1, 2022
or when the final payment of principal is due on the Mortgage Note, whether by
acceleration or otherwise. Payments of accrued interest and mandatory
prepayments of principal shall be made in an amount equal to one hundred
percent (100%) of SVG's Cash Flow From the Property. Cash Flow From the
Property shall mean gross revenues from the Property less payments made under
Mortgage Note as modified by the Provisional Workout Agreement and ordinary
and necessary cash disbursements incurred in connection with the Property but
specifically excluding any management fee to any party and any amount paid for
any purpose to SVG or any person with whom SVG has an Identity-of-Interest (as
defmed in the Regulatory Agreement) except for payments made to H. James
Santoro, Inc. for employee benefits with respect to employees of SVG who are
not related to Harry J. Santoro.

4. Reporting Requirements. So long as any amount is due under the Note or the
Mortgage Note, SVG shall deliver to Resource such data, reports, statements
and information, financial or otherwise, as Resource may reasonably request
including, without limitation:

(i) within ninety (90) days after the end of the fiscal year of SVG, financial
statements of SVG for such year including a balance sheet, a statement of cash
flow and an income statement, all in reasonable detail and prepared in
accordance with generally accepted accounting principles, including all
supporting schedules, and certified by independent public accountants or
recognized standing or by Harry J. Santoro; and

                                     2

<PAGE>
(ii) within thirty-five (35) days after the end of each calendar month,
financial statements for the Property including a of cash flow and an accrual
basis income statement certified as correct by Harry J. Santoro.

5. Inspection. SVG will permit any of Resource's officers or other
representatives to visit the offices of SVG during regular business hours to
examine and audit all of SVG's books of account, records, requests and other
papers. All costs of such examination shall be paid by Resource unless such
examination reveals a total discrepancy in excess of five percent (5 %) of the
Cash Flow of the property, in which case all costs of such examination shall
be paid by SVG.

6. Default. If any financial statements defined pursuant to Paragraph 4 or any
books and records made available to Resource pursuant to Paragraph 5 are
determined in the reasonable opinion of independent certified public
accountants not regularly employed by Resource to have been materially false
or misleading, SVG shall be deemed to be in default of this Agreement.

7. Other Documents. Any default by SVG under this Agreement or the Note shall
be deemed to be in default under the Mortgage Note and the Provisional Workout
Agreement. Borrower acknowledges that the Mortgage Note as modified by the
Provisional Workout Agreement is in full force and effect and acknowledges
there has been no default by any holder of the Mortgage Note and hereby waives
any defenses or counterclaims it might have with respect to enforcement or
collection of the Mortgage Note. SVG agrees to execute such documents as may
be necessary so that its obligations under the Note will be secured by the
Property.

8. Certain Refinancings. If, prior to the earlier of: (i) one year from the
date that a closure report acceptable to most lenders is received by SVG from
the engineering firm retained to remove the oil tanks and perform the remedial
work, if any; or (ii) June 30, 1998, SVG is successful in finding a lender
that makes a first mortgage loan secured by the Property in an amount
sufficient to provide Resource with net proceeds (after all fees, costs and
expenses of the transaction) of at least Two Million Three Hundred Thousand
Dollars ($2,300,000), then Resource will:

(i) subordinate both the mortgage securing the Mortgage Note and any mortgage
securing the Note to the mortgage of the new lender;

(ii) agree to modify the payment terms of the Mortgage Note and the Note as
follows:

(a) interest shall accrue at a rate of 150 basis points above the interest
rate on the new first mortgage on a deemed total principal amount equal to
Three Million Three Hundred

                                        3

<PAGE>
Fifty Thousand Dollars ($3,350,000) less the original principal amount of the
new first mortgage.

(b) payments of interest and principal (based on the deemed principal amount
described in Paragraph 8(ii)(a)) shall be payable monthly and shall be based
on a twenty-five year amortization. However, to the extent the Net Cash Flow
from the Property is insufficient to make the scheduled payments of interest
and principal in ftill, SVG shall pay over to Resource until such time as the
scheduled payments are current one hundred percent (100%) of the Net Cash Flow
from the Property. Net Cash Flow from the Property shall mean Cash Flow before
any payments on the Mortgage Note or the Note less payments made under the new
first mortgage loan and contributions to escrow accounts reasonably
established for taxes, insurance, utilities and replacements provided that any
such escrow account shall be controlled by either the new first mortgage
lender or Resource. Any interest payments not made as required because of
insufficient Net Cash Flow shall be added to principal and shall bear interest
at the rate set in Paragraph 8(ii)(a), compounded monthly.

(iii) agree to special provisions in the obligations of SVG retained by
Resource as may be required by the new first mortgage lender to the extent
such provisions are reasonable when compared to similar "soft second"
mortgages permitted by the other first mortgage lenders in the reasonable
opinion of Resource.

(iv) after it has received all of the interest and principal required under
Paragraph 8(ii), assign its interest in the Mortgage Note and the Note to
Harry J. Santoro for no additional consideration.

9. Notices. Any notices required or permitted by the Agreement shall be in
writing and shall be deemed given if delivered in person or if not by telecopy
or by nationally recognized overnight courier, via first class, Certified or
Registered Mail, postage prepaid, as follows, unless such addresses are
changed by written notice hereunder.

If to SVG Properties, L.P.:
SVG Properties, L.P.
c/o Harry J. Santoro
215 W. Main Street
Maple Shade, New Jersey 08052

                                      4

<PAGE>
If to Resource Properties XXIII:

Resource Properties XXIII
1521 Locust Street - Suite 400
Philadelphia, PA 19102
Attn: Scott F. Schaeffer

10. Choice of Law and Consent of Jurisdiction. SVG and Resource agree that
Pennsylvania law shall govern this Agreement and hereby irrevocably consent to
the jurisdiction of the Court of Common Pleas of Delaware County, Commonwealth
of Pennsylvania in the United States District Court for the Eastern District
of Pennsylvania in any and all actions and proceedings occurring under this
Agreement any other agreement or understanding between the parties and

IN WITNESS WHEREOF, the parties hereto have executed or caused to be executed
this Agreement as of the date first written above.

Attest:                            RESOURCE PROPERTIES XXIII, INC.

/s/ Kimberly A. Tower
                                   By: /s/ illegible, President

                                   SVG PROPERTIES, L.P.
Attest:                            By: SPRING VILLAGE HOLDINGS, INC.,
                                       General Partner

                                   By: /s/ Harry J. Santoro
                                       Harry J. Santoro, President
Spring.Mil\Agreemen.2

                                     5

<PAGE>
                                                               11/20/96
                                  NOTE

$110,000,00                                               Philadelphia, PA
                                                          November 25,1996

FOR VALUE RECEIVED and intending to be legally bound, the undersigned, SVG
PROPERTIES, L.P., a New Jersey Iiinited partnership ("Borrower"), promises to
pay, in lawful nioney of the United States, to the order of RESOURCE
PROPER,rIES XXIII, INC. ("Lender"), at its offices, 1521 Locust Street,
Philadelphia, PA 19102 (or at such other address as Lender may designate to
Borrower), tile maximum aggregate principal sum of One Hundred 'ren Thousand
Dollars ($110,000) or such lesser surn which represents the outstanding
principal balance of all amounts advanced to tile Borrowei-Ae "Loans"),
pursuant to the provisions of that certain Agreement dated as of Noveniber')-S
, 1996 between Borrower and Lender (die "Agreement"). The outstanding
principal balance hereunder sliall be payable pursuant to the ternis hereof
and of the Agreement. The actual aniount due and owing froin tinle to time
hereunder sliall be evidenced by Lender's records of receipts and
disbursements with respect to the Loans, which sliall be conclusive evidence
of such aniount, absent manifest error. All terms not otherwise defined herein
shall have the meaning ascribed to thern in the Agreement.

Borrower further agrees to pay interest oil (lie outstanding principal balance
hereunder from tinle to time at (lie per annurn rate set forth in Paragraph
3(b) of the Agreement. hi(erest and principal shall be due and payable oil the
dates and otherwise in accordance with tile terms of the Agreement. In no
contingency or event shall tile arnount of interest paid or agreed to be paid
to Lender hereunder exceed tile highest lawful rate perinissible under any law
which a court of collipetent jurisdiction shall, in a final determination,
deern applicable hereto. In such event, the interest rate sliall
autornatically be reduced to the maximum rate permitted by such law.

This Note shall evidence Borrower's unconditional obligations to repay tile
aggrega(e outstanding balance of all of Loans made to Borrower, with interest
thereon, and any expenses of' collection, including attorneys' fees and
expenses (tile "Expenses") in connection therewith. If 13orrower fails to make
any payment required hereunder or if a default occurs under the Agreement,
Lender shall thereupon have the option at any tinle and from time to thile
pursuant to the ternis of' the Agreement, to declare the unpaid principal
balance of' (his Note along with accrued and unpaid interest and Expenses to
be immediately due an payable and to exercise all rights and remedies set
forth herein and in the other Agreement as well as all rights and remedies
otherwise available to Lender at law or in equity, to collect the unpaid
indebtedness heremider and thereunder.

Borrower hereby waives presentment for payment, protest, demand, notice of
nonpayment or dishonor and all other notices in connection with the delivery,
acceptance, Perf'oriliance or enforcement of this Note. Any failure or delay
of Lender to exercise any right

<PAGE>
hereunder shall not be construed as a waiver of the right to exercise the same
or ally other right at any other time or times. The waiver by Lender of a
breach or default of any provision of (his Note shall not operate or be
construed as a waiver of any subsequent breach or default (hereor. Borrower
agrees to reimburse Lender for all Expenses, including, without limitation,
attorneys' fees and costs incurred by Lender to enforce the provisions of this
Note, to protect, preserve and defend Lender's rights under the Agreement and
to collect Borrower's obligations hereunder.

BORROWER IRREVOCABLY AUTHORIZES AND EM06WERS ANY ATTORNEY OR ATTORNEYS OR THE
PROTHONOTARY OR CLERK OF ANY COURT OF RECORD IN THE COMMONWEALTH OF
PENNSYLVANIA, UPON THE OCCURRENCE OF AN E-VE-NT OF DEFAULT UNDER THE
AGREEMENT, TO APPEAR FOR BORROWFR IN ANY SUCH COURT, WITH OR WITHOUT
DECLARATION FILED, AS OF ANY TERM OR TIME THERE OR ELSEWHERE TO BE IIELD AND
THEREIN TO CONFESS OR ENT1;R JUDGMENT AGAINST BORROWER IN FAVOR OF THE LENDER
FOR ALL SUMS DUE OR TO BECOME DUE BY BORROWER TO LENDER UNDER THIS NOTE, WITH
COSTS OF SUIT AND RELEASE OF ERRORS AND WITH THE GREATER OF FIVE- PERCENT (5%)
OF SUCH SUMS OR $7,500.00 ADDED AS A REASONABLE ATTORNEY'S FEE; AND FOR DOING
SO THIS NOTE OR A COPY VERIFIED By AFFIDAVIT SHALL BE SUFFICIENT WARRANT; SUCH
AUTHORITY AND POWER STIALL NOT BE EXHAUSTED BY ANY EXERCISE THEREOF, AND
JUDGMENT MAY BE CONFESSED AS AFORESAID FROM TIME TO TIME AS OFTEN AS ]'HERE IS
OCCASION THEREFOR.

BORROWER ACKNOWLEDGES THAT IT HAS HAD THE Assis,rANCE OF COUNSEL IN THE REVIEW
AND EXECUTION OF THIS NOTE AND FURTHER ACKNOWLEDGES THAT THE MEANING AND
EFFECT OF THE CONFESSION OF JUDGMENT HAVE BEEN FULLY EXPLAINED TO IT BY SUCH
COUNSEL.

BORROWER, BEING FULLY AWARE OF THE RIGHT TO NOTICE AND A HEARING CONCERNING
THE VALIDITY OF ANY AND ALL CLAIMS THAT MAY BE ASSERTED AGAINST BORROWER BY
THE LENDER BEFORE A JUDGMENT CAN BE ENTERED HEREUNDER OR BEFORE EXECUTION MAY
BE LEVIED ON SUCII JUDGMEINT AGAINST ANY AND ALL PROPERTY OF BORROWER, HEREBY
WAIVES THESE RIGHTS AND AGREES AND CONSENTS TO JUDGMENT BEING ENTERED BY
CONFE~SSION IN ACCORDANCE WITH TIIETE~RMS HEREOFAND Exr,.curm BEING LEVIED ON
SUCH JUDGMENT AGAINST ANY AND ALL PROPERTY OF BORROWER, IN EACH CASE WITHOUT
FIRST GIVING NOTICE AND THE OPPORTUNITYTO 131--~ 111-LARD ON THE VALIDITY OF
'rHE CLAIM OR CLAIMS UPON WHICII SUCII JUDGMENT IS ENTERED.

All contractual rates of interest chargeable on outstanding Loans, regardless
of the then applicable interest rate, shall continue to accrue and be paid
even after default, maturity, acceleration, judgment, bankruptcy, insolvency
proceedings of any kind or tile happening of any event or occurrence similar
or dissimilar.

                                       2

<PAGE>
Notwithstanding anything in this Note or in any agreemeat-securing this Note
to the contrary, the liability of Borrower under this Note and any agreement
securing this Not shall be nonrecourse to the general partner or any limited
partner of Borrower and such general and limited partners shall have no
liability whatsoever under (his Note and any agreement securing (his Note. No
deficiency or other personal judgment shall be sought against such general or
limited partner.

This Note shall be construed and governed by the laws of the Commonwealth of
Pennsylvania, widiout regard to its otherwise applicable principles of
conflict of laws. The provisions of this Note are severable and the invalidity
or unenforceability of any provision sliall not alter or impair the remaining
provisions of this Note. Jury trial is waived by Borrower and Lender in
connection with any controversy or proceeding involving the rights of the
parties to this Note, whether sounding in contract, tort or otherwise.

IN WITNESS WHEREOF, and intending to be legally bound hereby, Borrower has
executed these presents the day and year first above written.

                                SVG PROPERTIES, L.P.

                                By: SPRING VILLAGE HOLDINGS, INC,
                                    General Partner

                                BY: /s/ Harry J. Santoro
                                    Harry J. Santoro, President

Spring.Mil\Note

                                     3

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