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<br /> ;�; <<� executed and delivered to S'ub�rdinate Lender a guaran'ty (the `R ti y t ..�
<br />=-�'•.•. '� ` :.`.�� "Guaranty°) whereby Properties guarantees the full and prompt ...�::�;�;
<br /> � �� `�- � payment of the Subordinate Note and the Guaranty is to be secured _;
<br /> �� ` by those cextain Mortgaqes (collectively the "Suborciinate <<`r;..
<br /> _ �:�(,�.: : -� :" ��°� Mortgaqe°) encUmberi.ng the Premises fram Properties in favor of �:` �- �,_4c,
<br /> --::�� �_--. - �- �:�, ,`- .
<br /> -- � 1= Subordinate Lender: .
<br /> ' WHEREAS, the execution of the Suboreiinate Note and the f; � Ra,'
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<br /> __�,-,-:�. ::. y� � Subordinate Mortgaqe and Security Agreement wou2d 'constitute an _ ` �- .�
<br /> _�,.c. . �..��;� �.
<br /> ;-4".:r ..�i: event of defsult under the NationsHank Deed and Security ^� -
<br /> �� _ �":.. , Agreement: and �`... + '`.
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<br /> , �� .,,. %r.- W�EREAg, the �orrcwer has requested and NationsHank has
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<br /> ��,� <. , '. -... agreed to waive such default and consent to the execution and -
<br /> �- .��_,;; delivery of the Subordinate Note and the Subordi.nate Mortgaqe �td r�, ;�.._��<-",.
<br /> �' � Security Agreement upon the condition that Snbordinate Lender ana �,>,: .:.;�,;.;°;:....
<br /> �-�'�� Borrower execu►te this Agreement: _:;'�;
<br /> � • �_ : ' �,
<br /> �r ' NOW, THEREPORE, for and in consideration of the recitals ° �
<br /> � ' � -. }; hereinabove and other gaod and valuable consideration, the
<br /> `-` receipt and suf�iciency of which are hereby ack*�owledged by the ; � n
<br /> ��r ' �� arties hereto, Na�icnsBank, Horrawer and Subordinate Lender
<br />--:�,.s,�� - � -.'�� agree as follotas: - ' _ - '
<br /> _` °� ` i. The parties hereto agree that, irrespective of assytlaing - -,,f_
<br /> ��• u ,.�s. � c o ntained in or the date of any filing, of any financing .��-
<br /> `;�`' ': :' _ � state�aent or agreement to wh ic h t he p a r t i e s h e r e t o m a y n a w o r ...+. .:;n�«.
<br /> ,:_-,-.�:
<br /> �';�. � � � hereafter be garty or the timing of the advance of ang loan '� -��;"
<br /> _ ..�._., � � � : .: , '
<br /> � � _: .:;�'� proceeds pursuant to their respective security agreements, and ,,...�-�i.i.- :
<br /> ,�'• .,`: �;� � f notwithstanding the date or the order of the granting, attachment f- ;:
<br /> Si�
<br /> ; -_�,: .: �. or perfeation of their respective security interests or other ;i_;�_,
<br /> �' �,�`t interests or claims in the Premises and/or Collateral, their , ���z:�,
<br /> �`r;��',� � � . .. ' rights af priorit� and claim to the Premises and/or Collateral as '`�J�_ �.,_
<br /> �"��>`. .. � . - �`'4 between themselves shall, subject to the t�rms and conditions set
<br /> � � - � ?Y� forth ia this Agreement, he as folloras: _
<br /> ',�..
<br />` .i: .;` � ��' (a) NationsBank shall have a first priority and senior
<br /> � � . �r• lien and security interest and claim in and to any :
<br /> ;��`'�. . , ' ' ' � collateral that is subject to the liens or security ��"'��',
<br /> � �:���.•�; � � interests of, and covered by, the NationsBank Deed and ��..�j,��:
<br /> � = � • � � Security Agreement and/or Subordinate Mertgage and Security �
<br /> :.�.s:._::: :_
<br /> m.�:�<-. . Agreement. The Subordinate Note shall be and hereby is
<br /> ` . • expressly made subordinate and junior in right of payment to
<br /> ; ,;;�;".` ,: ,..� '_:, the NationsHank Note. . :-.
<br /> :. ._�...,. '..� . : :� -. ..:.
<br /> ,;,�-.::,.,, �: • � (b) This Aqreement shall apply to all fndebtedness ,'._: � , ,• .
<br />- 'r�. � � ' � evidenced by the NationsBank Note now or hereafter oseeing by • ��� ��:
<br /> :k'.;'::. �, �� � Horrower to NationsBank securecl by all or any of the . � ':::
<br /> ri _.:�
<br /> •�r:=, �•. -� • . Premises and/or Collateral and to al2 iadebtedness no�a or :���
<br /> �-;�:,��, '�: . ,;' hereafter owed by Borrower to Subordinate Lender secured by
<br /> . � aal or any of the Collateral. This Agreement is intended
<br /> `:� ' � �'`�., . . � to cover and shall cover any real or personal property of • �
<br /> �����' ,�� ' • Borrower that may naw or hereafter be snb j ect to a l f en,
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