ModificationandExtensionAgreement协定变更条约doc.docx
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ModificationandExtensionAgreement协定变更条约doc.docx
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ModificationandExtensionAgreement协定变更条约doc
ModificationandExtensionAgreement合同变更协议-
NOWTHEREFORE,forgoodandvaluableconsideration,thereceiptandsufficiencyofwhichareherebyacknowledged,includedbutnotlimitedto,theRecitalsabove,thepartiesheretoagreeasfollows:
1.MaturityDateExtension.
a.AAAandBBBagreethatthematuritydateoftheNote(Maturitytherein),asdefinedandmodifiedinparagraph1(b)oftheExtension,isherebyextendedandmodifiedfrom_________(M/D/Y)to_________(M/D/Y).
2.InterestPayment.Commencingon_________(M/D/Y),theNoteshallbearinterestontheunpaidbalanceoutstandingatanannualrateof3/4(.75)percentagepointsabovetheinterestrateannouncedbyBankOnefromtimetotimeasitsprimeinterestrate,whichinterestpaymentsshallbepaidmonthlyonthelastdayofeachandeverymonthuntilMaturity.
3.PrincipalPayments.PrincipalpaymentsundertheNoteshallcontinuetobepaidinmonthlyprincipalpaymentsof_________DOLLARS($,_________)whichpaymentsshallcontinueuntilMaturity,atwhichtimeallremainingunpaidprincipalandinterest,andallotheramountspayableundertheNoteshallbepaidinfull.
4.UnpaidBalance.ThepartiesheretoacknowledgeandagreethattherearenoclaimsoroffsetsagainstthecurrentunpaidprincipalbalanceoftheNote.
5.StatusofNoteandDeedofTrust.ThisAgreementconstitutesamodificationoftheNoteandtheExtension,aspreviouslymodified,onlywithrespecttoallmatterssetforthherein.Alloftheotherterms,covenants,conditionsandagreementscontainedintheNoteandtheExtension,aspreviouslymodified,shallremaininfullforceandeffect.ThisAgreementshallnotreleaseBBBfromanyliabilityundertheNote.
6.BindingEffect.ThisAgreementrepresentsthecompleteunderstandingandentireagreementofthepartiesastothesubjectmattercontainedherein,andmaynotbeamendedexceptbyawritingexecutedbybothparties.ThisAgreementshallbebindinguponandinuretothebenefitoftherespectiveheirs,successorsandassignsofeachofthepartieshereto.
7.TimeoftheEssence.TimeisoftheessencefortheperformancebyBBBofeachofitsobligationsundertheNote.
8.Counterparts.ThisAgreementmaybeexecutedinanynumberofcounterpartseachofwhichshallbedeemedanoriginal,butallofwhichshallconstituteoneandthesameinstrument.
9.Severability.IntheeventanyoneormoreoftheprovisionsofthisAgreementortheNoteareheldtobeinvalid,illegalorunenforceableinanyrespectbyanycourtorotherentityhavingtheauthoritytodoso,thevalidityoftheremainingprovisionshereofandthereofshallinnowaybeaffected,prejudiced,ordisturbed.
10.Miscellaneous.ThetitlesoftheparagraphshereofareforreferencepurposesonlyanddonotconstitutepartofthisAgreement.ThisAgreementshallbeconstruedinaccordancewithandgovernedbythelawsoftheStateof_________.
MortgageandSecurityAgreement抵押担保协议-
6.01CorporateExistence.SolongastheMortgagedPropertyshallbeownedorheldbyacorporation,suchcorporationshallatalltimesmaintainitscorporateexistenceandshallbefullyauthorizedtodobusinessintheStateof_________(state)andshallmaintainintheStateof_________(state)adulyauthorizedregisteredagentfortheserviceofprocess.FailuretocomplywithsuchobligationsshallbeadefaultunderthisMortgage.Withinninety(90)daysaftertheexpirationofthetimeforfilingitsannualreportandthepaymentoftheappropriatecorporatetaxesintheStateof_________(state),BorrowerwillfurnishtoLenderacertificateofgoodstandingorotherevidencesatisfactorytoLendertoshowcompliancewiththeprovisionsofthisSection.
6.02StatementsbyBorrower.Borrower,withinthree(3)daysafterrequestinpersonorwithinten(10)daysafterrequestbymail,willfurnishtoLenderoranyperson,firmorcorporationdesignatedbyLender,adulyacknowledgedwrittenstatementsettingforththeamountofthedebtsecuredbythisMortgage,andstatingeitherthatnooffsetsofdefensesexistagainstsuchdebt,or,ifsuchoffsetsordefensesareallegedtoexist,fullinformationwithrespecttosuchallegedoffsetsand/ordefenses.
6.03SuccessorsandAssigns.TheprovisionshereofshallbebindinguponandshallinuretothebenefitoftheBorrower,itssuccessorsandassigns,includingwithoutlimitationsubsequentownersofthePremisesortheleaseholdestateofthePremisesoranypartthereof;shallbebindinguponandshallinuretothebenefitofLender,itssuccessorsandassignsandanyfutureholderoftheNote,andanysuccessorsorassignsofanyfutureholderoftheNote.IntheeventtheownershipoftheMortgagedPropertyoranyleaseholdestatethatmaybecoveredbythisMortgage,becomesvestedin
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