Laserfiche WebLink
i. <br /> � <br /> I <br /> I <br /> I." <br /> f' <br /> 2� 1 ���391 <br /> �-: <br /> :� <br /> 3.1 De�nitians. '� <br /> �:: <br /> A. Jun�or Lien�laimant. A "Jun�or Lien ��a�mant" means any holder �'_ <br /> of any ir�terest ar claim that affects any Mortgaged Property �as defined in the Existing I]eed of ; <br /> Trust� ar estate or�nterest therein, which interest or claim is rec�rd�d after the date the Existing i-- <br /> �Deed of Trust Was originally recorded or that�s atherwise, ar is int�nded to be,junior and �== <br /> subord�nate ta the lien of the Ex�stin I]eed of Trust. �� <br /> � i:: <br /> �:; <br /> f-.: <br /> k=- <br /> � <br /> B. Chan e. The �bligations may, from time to tirne, k�e amended, ;:_ <br /> �- <br /> modified, e�tended, r�ne,wed, restated, increased, repledged, supp�emented, or otherwise � <br /> � <br /> changed �an�af the faregoing, a"�han e"�. �hanges may inc�ude any or all of the follaw�ng: � <br /> �i� carnplete �r partial amendment and re�tatement of any or all terms and conditions af the <br /> �b�igations; �ii� modif cations of the required princi�a� andl�r interest payrnent dates, deferring � <br /> � <br /> or accelerating �uch payment dates �n whole or in part; �iii}modifi�atians, extensions or `= <br /> ren�wals at a different rate of interest; �iv} increases in any amount xn the principal or�nterest ;_� <br /> rate of the �bligations; a.ndlar �v� modificatior�s or additional amounts advanced with respect to '- <br /> the �b�igatians, a�1 in accordance with and pursuant to the �re�iit Agreement. <br /> 3.� Natic� t� Junzor �ien Claiman�s. The Existing Deed of Trust �rovided, <br /> and ga�ve full record n�tice ta al� potentia� �uni�r Lien �laimants, tha�the Existing Deed of Trust - <br /> �: <br /> was intended to s�cure the �b�igations arising nat anly under the �redit Agr�ernent, but also ;: <br /> unde�any amendments, restatements, suppl�ments, waivers, refinanc�ng or other modificatians �= <br /> ; <br /> f. <br /> �:. <br /> af the �redit Agreem�nt. Any of the faregoing may patentia�ly result in a�hange to the _ _ <br /> �bligations, Whether or not: (a� any natice is recorded with respect to such�ha.nge� �b� such ' <br /> �hange increases th�principa� amount�subj ect to ar�y express limitations thereon set forth in the � <br /> � <br /> E�isting Deed of Trust� �r the interest rate ar�therwise adversely affects J�nior L�en��airnants; ' <br /> ar �c� Trustor exe�utes or delivers nevv or additional note�s� to evidence +�r confirm such �hange. ; <br /> All actua�l and potential Junior Lien Claimants are hereby placed on notice that the �bligation� � <br /> ! <br /> are subj ect to Change�s}. The e�ecut�on and de�ivery of th�s Deed�f Trust Amendment, ar of � <br /> an subse uent or rior �f an amendn�ent of the Existxn Deed of Trust, sha11 r�ot im ai�, ' <br /> Y �1 l� � . Y� � 1� <br /> reduc� �r subordinate, �n whole ar in pa.r�, the prrority of the Existing Deed of Trust. Further, by ; <br /> taking ar accepting its interest in the Mo�tgaged Property �as defined in the E�isting Deed of : <br /> Trust� subject to the E�isting Deed of Trust, ea�h Jun�or Lien��aimant understands and ; <br /> ; <br /> acknawledges that the priority and validity �f the lien of the E�ist�ng Deed of Trust shall n�t l�e <br /> impaired ar limited in any way�y any�ha.nge. N�t�withstanding the magn�tude ar nature of any ;. <br /> Change, such Change shall under r�� circumstances be d�emed to canstitute a novati�n with ; <br /> respect to any �bligati�n, or otherwis� �mpair or reduce the priorit� of the lien of the Exist�ng <br /> De�d of Trust. <br /> � <br /> 4. �4rnendments; Lien C'on��mation. <br /> P <br /> . �a� The part�es hereby gxve notxce that �i} the Barrower, the lenc�ers party thereto, <br /> JPMargan �hase Bank,N.A., as admin�strative a�ent, and the other�art�es thereta, hav� <br /> amended he �redit Agreernent pursuant ta the Third A�nendment and���} the �bligati�ns under , <br /> the �redit Agreement is secured�y the �ien of the Existing Deed of Trust, as modxf�ed an� <br /> amended by this Deed af Trust Amendment. <br /> 4 <br />