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<br /> • • c�IJG-7r-1997 i3+a9 F1TZGc"'�LD sC►#tR a82239Q12866 P.09�i2
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<br /> '�HIS ACiREEl1�N�' �S madc wd enur�d into as of the ���!�y of Au�uust�
<br /> 1997, bY � betwoca OFFiCEMAX, INC. ("TCnaat"). wt1 PIDFLiTY BANK, its
<br /> succa�on aa! uui�ns ("L�nder"), -_
<br /> B��xTb►L� —
<br /> � A. Cldur Devaldpme�t,L�cri�ad a�s��t A jty�i�n�tYC r retecred W�lu� .
<br /> �s th�ow�'of thc r�ptop�rq►
<br /> - � w�--`y- N
<br /> t�I�=C��r�
<br /> B. Tenun�t is s lassa of�pordao of the Propr,rtY.bY v�rtue af a La�se dated
<br /> a�of Aygwt 5, 1997�by md between lgarroaer,�s Landlad,�nd Tenant,u Y.es�eo(tt�
<br /> "L�e'"). Thc pordon o�the Property demi�ed pur�u�'t t,o the �erms of the Lease is
<br /> heref�tter refierce� u�as the "1.a�ed Praai�."
<br /> C. Ler�idar i��bo�u w make a lo�►n w&xrawu�n t�e principtl �na►osnt of up
<br /> � W'Itiro MiUioo FStty'17�ous�aa�'uaw�is�2.v.���.'���tM� "r����, 'nk Lan wiU be ,
<br /> ; �videacod by�promt�aorY Nou.ma�de by Borrower,pzyable�o the o�d�s of I.endac.�ed
<br /> � ia svcb m�uc�um prinalpal �mouat (d� Note ).
<br /> D. The prymcat of tb+e Note will t�e securod by� �moa�other�nteresu, �Deed
<br /> � oi TNSt, w Ass�m�eac of Ronts�and a Financi�St�erment encwmberi�t1u prapQtY•
<br /> exoc�at,ed by�olmswer, for the use�ud ixnc�t af I��da'.
<br /> E. As a coodidon procedent u�entarla8 iiuo the L.oea,l.ender�ss required dut
<br /> this Asretment be �xccutcd uid delivered by Teaent. Tcmnt,pivau�u4t w p�raph Z'1
<br /> ' of tbe l.a�u. is v�►"ltfa$ to mtet iaw tbi�t.grerao�e�t•
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<br /> NOW, INEREFO�RE, ln cansklecatioa of the mutw�I coveaant� wd �grcem,e�s
<br /> � hesein cont�iaod� md iu order to isduc� I.�nder to enter into tLe Lo�n, Ten�nt tad
<br /> ; I.rbOer hereby�gree aad cov�r�at � followd:
<br /> } 1. 11�e La�e�ad all rlght� of the Teowt thereuodtr u�e a�3 6haU tt�11 cim�s
<br /> continue to be�u0joct�n+d subordinzte in all respcct� w the terms, �roviafon�, utd liea
<br /> of the Deed of Ttust, w aU other documents�d instrnments execuud in eoimeCd4n alth
<br /> th�Lv�u an4 to ell rrnewals, madificadons. and extensioass ahenof� sub,�ect to tLe ter�oas
<br /> tad condidou� a�t fortb in thia Agrameat.
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