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<br /> , �• � ` �l�Y7F iiGific} � WaiVR�i .�� ���'•�'� �S!` '�Aa•�`� . . � ,r
<br /> , �. � - �tqriCy +date of. tbe '�ui.rel Fic+o�i.ssas�t'<l�TOte fra�•D�be�c -3Z. 199� �
<br /> � to �iny i. 1998, tb): ��e tbe ��n�er�st rate fa�aa Lender's �as�. .
<br /> ' � _ Ra�e �t'*+� tbr�e-:Iuarters p�rcea� �31�i) ' to _Le,�idet's Hase� Rase� �
<br /> - . �-c� t�e �s�=t�f a tbistg-sla�:-aaa�th ens�a 364-c]a� ��ea�-�nd _ � . _
<br /> . � . tc� anke certaia o�r,c�an�es Lo the tera�t and coanditions of the
<br /> � Th'ssd,Ps+O�MiSSOxY Note an�d H�rrc�r 2�d9 e�[eduted a .Seco�c� �endaent `' �
<br /> ' � .�d Restatese�at of�tbe T6ird Prcjwssso:"Y Hote S�ured_bY `Deed` of �
<br /> �s� .tla�ed t�is �v�t•s�ate. ia fa`eor �of� L�r or i�s holder
<br /> _ . - t•Sedo�ad .�ded �ia:d Ps�awi�sso�7t �tey) �ich is imw�cpo�Cated � �.
<br /> " '� :herein l� ttiis.r�fer�ce amd r�ich a�sende�d ar�d restated the terms ,
<br /> = ` a�d canditica�s of the �ixd Pros�ssozy Note;. � �
<br /> �B1�3. the Seca�d � Second Pzaaassoug Note and Second
<br /> • � !l� Tlai.ad Pr�ooissoiY Note a�e secured by t2� need of. Tru�t; . '
<br /> '.T' � ��.= eosrcw+er,and Leader desire Go r�defi.a+e°the �ezm •I,oeurl - .
<br />-- . � Dx�n�ent$` as that tes�s�as defiaed in th�Or3.9iaa2'�gree�nt. Deed
<br /> �- of Trust, oriQinal Laan Docu�ents. Fir$t �t to�conscrnct�vn
<br /> , �,. Loan aqse�at. Second Praa�issaYy Note, S�econd Gvaraatee. Read= .
<br /> - v�nced Loan Dpcu�t�s. second� ��nent Co Const�u�ction I.oan . .
<br /> _ — . bpceeme�nt: Fourth Guarantee=. Ass�gwnent of Leases: Lo�er Level � ,
<br /> `"' - Txvst Deed; paYkiaq Lot Trust Deeds �rd l�lmea�ment to Constructio� ' . ,
<br />-_ � . � �ts ��.fth Guaran�eet Fuurth �ae�aeat to Canstsuctiau . - _ -_--
<br /> �_. '` '" I+oan &pceemerit+ SuDPl�tal Jisssgna�at; Sixth Guarantee; �ixd ' � � –
<br /> iramissoYy Note:� Fi#th �oeadment to Cmnstructioa T.oaa Agreement: • ,
<br /> ;�� ;,_�} ` 3eoondi SupPl�eit�.al �signment: �Second emended Second Prac�i.ssoYy � --
<br /> - Note: aad Secaad �mended Third Pra�issw�y Note:
<br /> _ , , �.
<br /> i�BRSA3, th3,$ Agre�aent aadifies the. Deed of Tru$t. Lawer
<br /> I�vel Tirust I�ed. Parkinq Lot Trust Deed. S�d Amended. Secand -
<br />- - PrCaassary Nate, Fsfth �aadment to Co�nstructioa Loa=t Agreenen�s.
<br />_ �'v��� . � Secoud Amended �rd Proaas.ssoxy Note.� and other Losn Documents as
<br /> � r,;. defined hereiu. . �
<br /> _ �-� .;�„ �
<br /> _ � �.:;i�-��}--;,.�:� � NOW. T�BRSFORE. Lender and-sorrawer a9ree as fol�ows: -
<br /> _ �- � � -�.�:�-. � � --
<br /> :: ;;,,��-. - , .
<br /> ,.,-� • 1. Nea Defi.aition o� Loan Docu�ats. This Agzeert�ent. the �- .
<br /> �: � 3ecoiid Ameaded Secand 8rc�issasy Note aad the Second AmeAded Third -_—
<br /> �'� =_�� Praaaissozy Note are �ereby included i.n the definition of 'Loan � =..t
<br /> E .�- . . I)ocuments� as that tesm is defined in the Original Loan Agremnent, . ;:"-
<br />-- , :'L�-:� ~� Deed of Trust, OriginaY Loan Documeiats, ,First Amendmeat to Con- ���.; �.''_�`.,
<br /> _ ' x..,. :.. .
<br /> : � � � structioa Loan Agre�ment, Second Pramissory Note, Second Guarantee, .
<br /> !�; .� .: . ���"-' Readvanced I�oan Documents, Second Am�eadment to Coastruction Loan �=�
<br /> � �- " ' Aqreement, Faurth Guaras�tee, Assignment of Leases, 1�wer Level �
<br /> � Trust Deed, Parking Lot Trust Deed, Third Amen�t to Cdnstruction
<br /> :. -�� - Loan Agseement, Fifth Guarantee, Fourth Ameac�nent to Canstruction • j�-.= - :� :
<br /> T _ -- . _ Loa:i Agreeitieat. SupplemEntal Assigume�at. Sixth Gusr2uitee, T'hird �� ...: :,.'
<br /> � ? � Prasaissozy Note. Fifth Ainendment to �Construction I�oan Agreement,
<br /> � "?x�� �� ' ' Secon�l Aaiend�ed Second Premias�ry Note. Second Amended Thi.rd . i . .
<br /> �=� Promissozy Note �nd Second Supplemental Assignment. � _ _�
<br /> �. _ , .. r : . _
<br /> .��'_�-:��++'' . ' `- 2. I.eQai nescri�tion. The sonawer warrants and reDreseats i �,-
<br /> �� � �i.�:;.+�: . �'� � that it is the owner af anly The Yancey condominium units defined `
<br /> � - �• � an Sxhibit •A• which is attached hereto and incorporated herein by ' � �.
<br /> � . �1-+��_.� .:��- � thia reference. � � • . .•
<br /> Y�:"�." . . . �
<br /> � ,�l+..�a , .
<br /> � �=.,-�-'-: , 3. �gr,�nd Promissorv Note.� 'The SeCOnB Promi98osy Note � -.=-�-;
<br /> _ ��;��__:: l#202�770), eg•am4pded a�ad restated ag •the Second Amended'Second '
<br /> -. �,n:,�: �Promisso�y No�e, is a velid �ubsistfng obligatfon of' the Soxrdwer •
<br /> with an unpaid prfncfpal balance of S81,931�.41 and un this even �
<br /> - •. _ c�te Borrawe�r .pafd� Lender� rhe su�. of 5�88.Sa whi�cb represerits . � ---=- -
<br /> � accsued�intereat •from �1pri1 1, 19g3 to Mny i, 1993 on safd no�e. � • '
<br /> . . �.
<br /> • � • • ; -.
<br /> --3 . � � 4. . . Horrorover•s�valid � �� . �
<br /> _'�; $nbsi,ating obl qat on referred to in Paragraph 3 above i� evidenced i .
<br /> .� • by aad exiata upon the terimg a»d eonditiona set.foxth in the Secand �"
<br /> '� Amended Secoad Praniasozy Note execueed �and dated th3s evea date ` .
<br /> ana which tesr�• aad conditiong are incorporated herei.a by this ; :
<br /> +`_ reference. Any reference hereinbefore or hereinafter made, .whether ;.
<br /> - . � - - ` _ - �a thia--dvc�aent-- �ar--aoay- other -�- Docwme�nt. -to the -�e�ond-- ._ . _ . _ •
<br /> - � pramissosy .Nate ar the Seccnd Amended Second Promiasory Note �. � '
<br /> � �NOf1.3 � • �- � ' - - - '{ :
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