Laserfiche WebLink
B. The obligations secured by the Deed of Trust have been modified, or certain additional <br />obligations have been or are to be incurred which are to be secured by the Deed of Trust, or other <br />modifications to the Deed of Trust have become necessary, and Trustor and Beneficiary have agreed to <br />modify the Deed of Trust to accurately reflect the obligations as secured thereby or such other <br />modifications. <br />NOW, THEREFORE, the parties hereto agree as follows: <br />201.303055 <br />1. The Deed of Trust is hereby modified to include within the indebtedness and obligations <br />secured by the Deed of Trust, the payment to Beneficiary of all indebtedness and performance of all <br />obligations evidenced by and arising under that promissory note, loan or credit agreement, confirmation <br />letter and disclosure, or other evidence of debt, dated as of April 15, 2013, evidencing indebtedness of <br />GMD, L.L.C. to Beneficiary in the principal amount of $3,152,000.00 with a final maturity or payment in full <br />date of May 1, 2019 (which represents the refinancing of that certain promissory note, loan or credit <br />agreement, confirmation letter and disclosure, or other evidence of debt dated as of October 6, 2010, and <br />secured by the Deed of Trust), together with interest thereon, and any such indebtedness or other <br />obligations incurred under or in connection with the credit accommodation evidenced, even if not <br />specifically referenced therein. <br />2. The Deed of Trust is hereby modified to include within the indebtedness and obligations <br />secured by the Deed of Trust, the payment of all liability, whether liquidated or unliquidated, defined, <br />contingent, conditional or of any other nature whatsoever, and performance of all other obligations, <br />arising under any swap, derivative, foreign exchange or hedge transaction or arrangement (or other <br />similar transaction or arrangement howsoever described or defined) at any time entered into with <br />Beneficiary in connection with any promissory note, loan or credit agreement, confirmation letter and <br />disclosure, or other evidence of debt, at anytime secured by the Deed of Trust. <br />3. The Deed of Trust is hereby modified to reflect that the promissory note, loan or credit <br />agreement, confirmation letter and disclosure or other evidence of debt dated as of April 15, 2013, in the <br />original maximum principal amount of $3,152,000.00, and secured by the Deed of Trust, has been <br />modified to, among other things, increase of the maximum principal amount to $4,767,042.00. <br />4. The Deed of Trust is hereby modified by amending and restating in its entirety the legal <br />description of the real property described in the Deed of Trust as set forth on Exhibit A, attached hereto <br />and incorporated herein, which shall be deemed to be the legal description set forth in the Deed of Trust <br />as if originally described therein. <br />5. The real property and the whole thereof described in the Deed of Trust shall remain <br />subject to the lien, charge or encumbrance of the Deed of Trust and nothing herein contained or done <br />pursuant hereto shall affect or be construed to affect the liens, charges or encumbrances of the Deed of <br />Trust, or the priority thereof over other liens, charges or encumbrances, or to release or affect the liability <br />of any party or parties who may now or hereafter be liable under or on account of said promissory notes, <br />loan or credit agreements, confirmation letters and disclosures, or other evidences of debt and /or the <br />Deed of Trust. <br />6. All terms and conditions of the Deed of Trust not expressly modified herein remain in full <br />force and effect, without waiver or amendment. This Modification and the Deed of Trust shall be read <br />together, as one document. <br />C- 520_NE 12 -06 (Rev. 01/11) -2- <br />