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<br /> . � 1, , ., . , . ; . -. . , , .� RE�RECORI�D � . , � < < < ,
<br /> � . � � � . � , , ��iQ4639
<br /> � . � - , . . . .
<br /> ;:� ,,; . . , � . . , .
<br /> r� A�eigru4ent � of Lease�, �owe� Level Tr�ust Deed, k�erkir�g �Lot Trust , . . . �, '• •
<br /> `��s� ` �Dred�___ Th:iss�. _A�neadmea� ta__ Const�u�tfon Loan Agseement,�, EifCh _ ,_____.. _ ` _
<br /> - = -- �ui��aRtet. Fourt,h �Aiaenda�e�� t�s �onst�uction - LQar� Agreeme�it. � - . -
<br /> �� � �. �upp3e�ent�1 AssignmenE. Sixttr Guarantee� Third Prom�ssory No�e�, , � ` ,• •
<br /> ��f ` � � and E`ffth A�endiaent to Construction Loaa Agreement, �Ameaeded � � � .
<br /> � �- ,� Secona �Praaissory Note, .Amended Third P�omissory .Note and Secand � �
<br /> .. � Sctppl�irenta2 AssigAment. � : � . � •
<br /> ..; . , . . , , . .
<br /> � , ' Z. Le ai ��Descri tioa. The �orrower warraats aad represents . . ` • `
<br /> - .� `� � � that it �the c�waer o an].y the The Yancey condomf ciium � units' �
<br /> � , ��_ � de€ined in E3chibit "A'• wP�icl�' is attached hereto and i�carporated � �
<br /> „ _ , � � her�in by this re erence. � . � `
<br /> , , � � . 3. � Second Pramissor t No�e. . T�e Seco�td Promissory Note, as = .
<br /> amended and restate as the� Amended Second P�omissory Note, is a ' �
<br /> �, � valid subsisting obligation o€ �he Borrower � 4rith an uppaid � �
<br /> � princfpal balance of $513,741.78 and `accrued interest o€
<br /> ", j , $5,067.04 as of. this date, for a total outstandiaq indebtedness ' _ �
<br /> : � j , of $518,809.82 as aF this even date. , . �. �
<br /> ,
<br /> a , , - . . , � . . .. . .
<br /> ,` • 4. � Amended Second Promissor Note. Horrower''s � valid � �
<br /> � subsisting o ligation referre to in Paragraph 3 above is �
<br /> � evidenced by and exists upon the terms anci conditions set •Eorth.
<br /> _ , . ; in the Amended Second Promissory Note executed and dated this . , �
<br /> � � even date and which terms and conditians are incorporated herein
<br /> . by tbis reference. Any reference hereinbefore cir hereinafter
<br /> � maae, whether in this document or any other Loan Document, tcf the � , �
<br /> i Amended Second Fromissory Note or,_ the Second Promissory Note �
<br /> � ; const�tutes a refe�ence to both the Amended Second Promissory � ;, �';
<br /> � � . Note and the Second P�romissory Note. The terms as�d cos�ditioas of
<br /> the Amended Secand Promisssory Note will govern any conflict �—
<br /> between the terms and c.onditions. of the Second Promissory Note �"
<br /> � and the Amended Second Promissory Note. �, :
<br /> � 5. Third Pramissor ` Note. The Tt�ird Promissory Note�, as �
<br /> � � amended and cestate as the Amertded Third Promissory No.t� is a � �
<br /> i valid subsisting obligatinn of the sarroo�ez 41I��1 unpaid prineipal
<br /> I balance of $II3,496.54 and accrued intearest af Sl.186.08 as af .�
<br /> ; thfs date, for a total outstanding indebtedness of $114,fi84.62 as
<br /> � � � of th3.s dat�.
<br /> ,
<br /> , � • 6. Amended 'Phird Promissor Note. Horrnwer's vaYid
<br /> subsisting o 1 gat on re erre ta in Paragraph 5 above i� �
<br /> � eviden�red by and exi�sts upon the �erms and conaatians set Forth � ���
<br /> . in ttae Ame�►dea Third Promissory Nate executed and dated this even �-
<br /> ' � �. date •and which terms and conditions are incorporated he�ein by '�`
<br /> „ this refererace. Any refere�ce hereinbefc�re or hereinafter made, '
<br /> whether in this document or any ather Loan Document, to the � �
<br /> ���naea Third PTOmissory Note or the Third �romissory Ndte
<br /> : consts�utes reference to both the Amended Third Promissory Note �
<br /> � ancl the Thirc3 Promissory Note.- ��The-��teras--and �conditicns �of the� ��� � - ���� -
<br /> � Amended Third Promissory Note arill govern any conflict betcaeea
<br /> " � the terms and conditions of the Third Ptomissory Note and the
<br /> Amended Third Promissory Note.
<br /> ' 7. Conditiana. Borrower acknawledges and understands that
<br /> . the terms an� aon�itions agreed to by ttte Lender ih the �tmended �
<br /> " . Second Promi�svey Note and Amended Third Promissory Nnt� are
<br /> , aoaditioned upon and subaect� ta ttie .Lender 's n�iQC rev�ew a�nd ----_-----
<br /> � � approval of any and al2 leases to be entered into by and between �
<br /> � 8orrower and any thi�rd patty lessee. � - ,
<br /> ..- -- . . 8. Rmeztc3merct to tne b�(�lITc�I F�gTE�RT@iit: f�arracaer ana _ '
<br /> Lender hereby agree the Osiginal Agreemeryt as amer�ded and/or
<br />' restated by the F�irst Amendmea�t to Construct ion Loan Agreement,
<br /> � Second Amendmea�t .ta ConstYUCtiar� Loan Agreem�tzt, Third �Vn�ndmec�t
<br /> .to Cvrtstruction Loan Agreem�nt, Fourth Amerrdmpt�t tQ Constrvction
<br /> , Loan Agr�ement and Fi f th Amendment 'ca Cor�st r��:t i�n Lc��n Agre�.�iriertt �
<br /> is amended as follows:
<br /> „
<br /> - . , - ,:
<br /> ::.�. �
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