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<br /> ` I. 1"1ra..'�S'L.r�r�^ • . __._.' , _ � ._ , . ....` �` i ��-. . ._ � . '•``.(..� , t. ` '` ..., _ .._____.... . • �� • .�_ ' ', • ����.
<br /> - � : _ .� _ - � � < < ` �, � � _. . � "�ttEGC��� . . _ c � . F . , ;
<br /> � � .; �� � � . - _ .� � � �' . ��—� io��3s _ . � � ��; �:
<br /> ` ` � • . WHERE!!S. _ Sorrowe�r and Lender have agreed to �ffectuat� the ` � '
<br /> � � . `.SecRnd Note Madi.�ications by amending a�d re�tating the Second � . �_ 4,
<br /> _�_� �..-_ -- - � Promi.s�orp Note; .� , �. ` � � -- -- — � -_- .�
<br /> _�:�,.. . -- ` : - - —
<br /> _ -: - W�i�f `-�orrower .execu��d a .�'irst Am�endm�n�aud Res�atement . -- - --
<br /> . �.; ' , �of.the Sr�onc� -Promiasory Note. Seaured�Sy Deed oF Trus� d��ed th'ss �.
<br /> ` � � . , . � evea date� in .favor af Lender ��or its ho,ider ('�Amenrled S�cond . `•� � • ' � �
<br /> � .,,� � Prd�tissc�r�r Note"? which amen8ed and restated the �_ terms and � ' �
<br /> � < t . . condi�ions of the Seconcl Psomissor� Note; , . , `
<br /> � . � wHEREAS. Horrower agr�es tha� the �Faurth Readvanced Lnan fs � �� ` � ,
<br /> to be used to. fi�ance certain develapmen�; construction 'and
<br /> � � tenant finish af conunercial space commonly .known as Condomini�un �
<br /> � . Qnit Nos. 001, 002, 103 and 104 (hereinafter referred to as .the � � <.
<br /> ` ►. � "t�nf,inished Ten�nt Space"); � � - .
<br /> . � •
<br /> � . , WAEREAS. Lende�r and Horrower have agreed to (a)� extend .the �
<br /> ;. " • � ��u�itig� c�aCe' csf �t�ie �i�irc� Promissory Note� fro� January 1, �990 . ` � . - � .
<br /> , � �. , ts� Qecemb+er 31, I992,, (b) change the interest rate from tea� and � � � _ � � • �
<br /> � � � . � three-quarter`s pertent (10.75$� tc Lender's Hase _ L�ate mirJus � ' � � �
<br /> , thtee-i;uarters percent (3/4$) , and (c� make certain ot�:er changes �
<br /> . � to the terms �and conditions Qf the Third' Promissory . �4ote
<br /> � (collectively, the "Thircl I�o�e Modi�ications"); � �
<br /> � . � WHEREAS, 8orrower aad Lender have agreed to effectuate the '
<br /> • Third Note Modifications by amend�rtg and restating the Third � .
<br /> � ; ` Promissory I�ote; •
<br /> , ,, ;
<br /> WHEREAS, �Borro:ler executed � First Amendrzent a�d �estatement
<br /> . �f the Third Promissory i�tate Secured By deed of Trust dated this �'i,;:=-
<br /> enen date. in favor of Lender or its halder (��Antended Third -
<br /> Prcmissory Note") whieh amended and restated the terms and - "
<br /> �. �onditions of the Third Promissory Note; . �_
<br /> . WHEREi�S, �the Amend�d Second Pramissory Note and the Ainended _
<br /> Third Pzomissory Nvte are botb secured in part . by the Deed of
<br /> Trust: �
<br /> ' � WIiEREAS, Borrawer and Lender have exec�ked a Second —
<br /> ' Supplemental Assignment cE Leases, dated aa of this even date, '`�
<br /> whie�±� is in�orporated herein by this reference ( "Secand
<br /> Supp�emental Assignment") ; .
<br /> WHEREAS, gorr4wer and Leader desire to redeFine the term
<br /> " "Loan Documents" as tha� term was defined in the Original Agree�
<br /> ' ment, Oeed of Truat, Original Loan Dvcuments, F.ir�t Amendmerit ta � ,�
<br /> , • Con�Lruction Loan �greement, Second Promissory �i€�te, Second Guar- .�,:
<br /> � antee, Readvanced Loan Documents, Second Amendment to Construc- , :
<br /> tion Loan Aqreement; �ourth Guarantee; Assignment of Leases; ��
<br /> � Luwer Level Trust Deed: Parking Lot �rust DeeB;� Third Amendment
<br /> to Construction LQa:� Agceement; Fifth Gvarantee; Fourth Amendment
<br /> ; to Construction Loan Agreement; Supp2emental Assignment; Sixth �
<br /> � ` Guacantee; Third Pr�missosy Nate; Fifth ��enclment to Construction- - ���� � ��� � - �-
<br /> � �: Loan Agree:�ent; Amended Second Prnmissory Note; Amer.ded Thicd
<br /> Pramissocy Note; and Secon�i Supp2emental l�s�ignment,
<br /> � � PIHEktEA5, tE�i� Agreec�enC mdclif ie:; the De�d of Tru�t, Lower
<br /> Level Trust Ue�d, Parking Lat Tru�t Deed, Secand Prosnis�c�ry Nate, '
<br /> ' Amended Second Promissory Nor.�; �hird promi�;sary �lat�, Amended
<br /> Third Promissory Note, and other. Loan t?QCUments �s defined
<br /> hexe�n. � - :_- -�-
<br /> �. NUW, TH�R��'UR�, Lender and Barrac•rer agree c�3 �EdI1dWr; ,
<br /> --.._.... --. - . ���-- � -n�.�a��:tier. . d� �:�s� �:���r��. s#��3 �r�rs�e�L, - __ .._..
<br /> A�endet� Secand Pcamis�ory Note, �iamende�Tt�irr3 Promissar� Nnte ani3
<br /> Sec�nd SupplP�nental Assignrr�ent are h�c�eE�y i7cle�ded in ��Me
<br /> � definitifln af "L�an Or�cumenC�° as tha� �.erm �, deEined ir� the
<br /> Origanal Lc�an Agr��.�m�►nt, Deed a� Trast , dric�ir�al Le�an Dncum��nt:;,
<br /> . Fir3t Anendment ta Conr�tru�:ti�r� I,oar�.Agr�e:nent , ��c�:�d i�s�rnissc�ry �`
<br /> `� " tJe�te, Seccsnd Gu�rantee, R�a�3vancec3 Lc�art bac;ur.:E�nts, SE=C��hd
<br /> 61m�ndment to Canstrtie[i�r� Lcan Aqceem�c:�., nc,urth c;uar�n�e�. _ .,; ,
<br /> � S _
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