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201108820
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201108820
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Last modified
3/7/2012 11:12:17 AM
Creation date
11/23/2011 2:41:07 PM
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DEEDS
Inst Number
201108820
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201108820 <br /> c�. �io C'ro5s-�efault�I]u�•iiag the t�z�n�f i�i�T�irr� Part}�L1o�s7,T�irt��*ar-t�L.ender�rilt <br /> ��nt e�er�.is���s�r crtaas-defazilt, "deem�t-risk," c�r anv other pror�•isi�r�s ir�docti���n�� e��iden�an� <br /> the'I'hird Part�'I c��Qr'I'hirc��'ar�y�,�:n�er i,��:�i��t�iclt aII�� Thzrd I?��I.eztt�eT tc��ak� dt�.�a��td <br /> prior t��att�rity� unLes�the laan is i� d�f�uit. <br /> �, i��aturi � ���i�adi�c�n�'�.�zr���,ts. '�l-��'I'hir�Pac�y°�.�:�n I�a�a.terzn af'at ��as� � y��rs <br /> w•t���i t�e 5�1�Ioan is for a teran nf 1 J�:ears a�c! 1tJ y�ars�yhen the 5�� Poans is for 20 y�ears. If <br /> there is�or�tha� c�ne Tlaird Fa� Lo�sz, ;an c��,�erall loan rn�ts�rity.:�ust�e�alc��atec�,t�kin� intc� <br /> accouiat t��rn�t��rztac.s and a��u�Ats o�e�e� �o�n. �f tli�.r� is a ba.I���ar:�S�y�ent, it��r�Y bc: c1G�i•:t�� <br /> id�ntifie�i�i g���.�ithc�riz�ti�n. <br /> i. ��:��i1;������...:7Cl�e T�i�r��'�rty� Lc�ar� �las a reas�na�le inter�st A•ate v��hic:h. <br /> dc�es nc�t�nd w�ll not e�ceed t;�e naaxi�nuFn intere�t ra#� fa�T�i�d Party I,caan�from e�rnme�c;ial <br /> �ir���tcial insti<iia`t�aa�as�r��ul�sh�c€ p�ri���lically-�y:ST3�in#he�'eci�ral�en��r anc�in effect as �f the <br /> da�e of tl�is ���'ceen�:�zt: <br /> 6. ;'�lc� 1_'r�ference. l�o TI�ir�i Yar[y �,encie�shall establish a pre��re�ic� bev�snd its ri�;hts �s a <br /> swnior Ienr(�r c�r�the T�ir�P��-t��Lcsan�vith��i the�i�c�r w.ri�t�n consent�s�C:Dt�i'SB.A. <br /> S�� I 3 C,,F.I7. �I?0_1 t7 fc��•a�iefi�3itian of pref�ren��. If Eh�'�`hird Par€�,r T.:ender d��s t�I�e a�dit�onal <br /> collater�l c�r ather���ise ha��e a p��eferen�e, in#h�eas� of lic,uidatic���, �ny prcacc.�ds r��eiv�� as a res�il� <br /> of��r�f�r�nce xne�st ����pii�c�tc�t�ze Thir�l Part}r L�n��r'a�ek�t priUr to t�k��roc�e�ts f�orn t&�e <br /> iiqis���aY�c�n c�f t�Z�ec�mtraon cc�llatc�al�a�.1�3 b}�t�4.��Gl'Sf�A and the Third�arty I.e�der. <br /> 7. ;'�ot�c� c�f U�f��tlt���d��•t�e'�'hird �a�°Loan. � fih����c�:t o]���cf�ult und��'t��1I1ir� <br /> P�r-t_y'Lo���or Tl�i�d �'art���.ica�, `Third�'arty'L�rzd�r intt�#�xve C:���n� ��3r'�wr�tte�z nerti�e; <br /> r�.ferertcin�the Ioan r�tir�tbel•fc�r t�1� SQ�laaz�, of��cYi default�vithi�thir°t�%(30)d�vs of#���vent af <br /> d�fa�tl#and ati l�ast si.�ty ��t3� �ag��s pris�r tio Thi:rci Faa-t3�laer�ci�r's ��ar�c,I�sur� up�s�th�C��mmc�i� <br /> C�llat�r�l. <br /> �, Certifica�ie�rt�s t�D�'fault In�eresi Rate as Aga9���t B�rrc���er,._Third I'�rty Lend�r <br /> s��y��.�t esc�.lat�the�a�e r�#'i.nt�rGs�upc��i def�i�lt tc� a.ratie�r�acer�h�n t�e zr�a��zrlEi�� rai���t�liyhed <br /> ���S��in tht�t� r� °:fr<�� a.Ur��m�rei:al��caan�.ial instztcatians �n effeet as �,f t11e dat� n�rhis <br /> A�c�er��ent. SI3�will c�r.ly p��,r t�e inter�.st rate an tha note i�e#f�ct hef�re tlae date of F3orrc���•���°s <br /> c��fault. <br /> 3 <br /> SBA Fc�rm''28'7�5�pter:t'�z�?�}lQ) <br />
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