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ARTICLE V <br />MISCELLANEOUS <br />Section 5.1. Term of Loan Agreement; Termination. This Loan Agreement shall remain <br />in full force and effect until such time as the Note has been fully paid and all other -sums payable <br />hereunder .shall have been paid. <br />Section 5.2. Notices. All notices, certificates, requests or other communications <br />hereunder shall be deemed to be sufficiently given when mailed by first-class mail, postage <br />prepaid, addressed to the appropriate Notice Address. The Village and the Director may, by <br />notice given hereunder, designate any further or different addresses to which subsequent notices, <br />certificates, requests or other communications shall be sent. <br />Section 5.3. Binding Effect. This Loan Agreement shall inure to the benefit of and shall <br />be binding in accordance with its terms upon the Director, the Village and their respective <br />successors and assigns; provided that this Loan Agreement may not be assigned by the Village <br />and may not be assigned by the Director except as may otherwise be necessary to enforce or <br />secure payment of the Note Service Charges on the Note. <br />Section 5.4. Amendments Changes and Modifications. Except as otherwise provided in <br />this Loan Agreement, this Loan Agreement may not be effectively amended, changed, modified, <br />altered or terminated without the prior written consent of the Director and the Village. <br />Section 5.5. Execution Counterparts. This Loan Agreement may be executed in any <br />number of counterparts, each of which shall be regarded as an original and all of which shall <br />constitute but one and the same instrument. <br />Section 5.6. Severability. In case any provision in this Loan Agreement or in the Note is <br />invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining <br />provisions will not in any way be affected or impaired that determination. <br />Section 5.7. Governi~ Law. This Loan Agreement shall be governed exclusively by <br />and construed in accordance with the laws of the State. <br />[Balance of page intentionally left blank] <br />13 <br />