Common use of AGREEMENT TO CONSOLIDATE AND MODIFY THE MORTGAGES Clause in Contracts

AGREEMENT TO CONSOLIDATE AND MODIFY THE MORTGAGES. Borrower agrees that the rights and obligations under the Mortgages (and under all other agreements which consolidated, modified or extended rights and obligations under the Mortgages) shall be and are hereby consolidated and that Lender's rights in the Property shall be and are hereby combined so that Lender has one real estate security interest (herein, "Consolidated. Mortgage") securing the Consolidated Note evidencing Borrower's indebtedness to Lender. Borrower and Lender agree that the terms of the Consolidated Mortgage are hereby amended and restated in their entirety to be the terms which are set out in Exhibit C hereto. As consolidated and restated hereby, the terms and provisions of the Mortgages shall remain in full force and effect and are hereby ratified and confirmed by Borrower in all respects. For purposes of the Consolidated Mortgage, Borrower's address stated above and Lender's address stated above shall be the addresses of Borrower and Lender, respectively, unless and until modified in accordance with the terms of the Consolidated Mortgage. Consolidation Modification and Extension Agreement Loan # 110626088 File # 123-30834 ARC NYWSHST001, LLC, et al.

Appears in 1 contract

Samples: Consolidation, Modification and Extension Agreement (American Realty Capital New York Recovery Reit Inc)

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AGREEMENT TO CONSOLIDATE AND MODIFY THE MORTGAGES. Borrower agrees that the rights and obligations under the Mortgages (and under all other agreements which consolidated, modified or extended rights and obligations under the Mortgages) shall be and are hereby consolidated and that Lender's ’s rights in the Property shall be and are hereby combined so that Lender has one real estate security interest (herein, "Consolidated. “Consolidated Mortgage") securing the Consolidated Note evidencing Borrower's ’s indebtedness to Lender. Borrower and Lender agree that the terms of the Consolidated Mortgage are hereby amended and restated in their entirety to be the terms which are set out in Exhibit C hereto. As consolidated and restated hereby, the terms and provisions of the Mortgages shall remain in full force and effect and are hereby ratified and confirmed by Borrower in all respects. For purposes of the Consolidated Mortgage, Borrower's ’s address stated above and Lender's ’s address stated above shall be the addresses of Borrower and Lender, respectively, unless and until modified in accordance with the terms of the Consolidated Mortgage. Consolidation Modification and Extension Agreement Loan # 110626088 File # 123-30834 ARC NYWSHST001, LLC, et al.

Appears in 1 contract

Samples: Consolidation, Modification and Extension Agreement (Clipper Realty Inc.)

AGREEMENT TO CONSOLIDATE AND MODIFY THE MORTGAGES. Borrower agrees that the rights and obligations under the Mortgages (and under all other agreements which consolidated, modified or extended rights and obligations under the Mortgages) shall be and are hereby consolidated and that Lender's rights in the Property shall be and are hereby combined so that Lender has one real estate security interest (herein, "Consolidated. Consolidated Mortgage") securing the Consolidated Note evidencing Borrower's indebtedness to Lender. Borrower and Lender agree that the terms of the Consolidated Mortgage are hereby amended and restated in their entirety to be the terms which are set out in Exhibit C hereto. As consolidated and restated hereby, the terms and provisions of the Mortgages shall remain in full force and effect and are hereby ratified and confirmed by Borrower in all respects. For purposes of the Consolidated Mortgage, Borrower's address stated above and Lender's address stated above shall be the addresses of Borrower and Lender, respectively, unless and until modified in accordance with the terms of the Consolidated Mortgage. Consolidation Modification and Extension Agreement Loan # 110626088 File # 123-30834 ARC NYWSHST001, LLC, et al.

Appears in 1 contract

Samples: And Security Agreement (Clipper Realty Inc.)

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AGREEMENT TO CONSOLIDATE AND MODIFY THE MORTGAGES. Borrower agrees that the rights and obligations under the Mortgages (and under all other agreements which consolidated, modified or extended rights and obligations under the Mortgages) shall be and are hereby consolidated and that Lender's rights in the Property shall be and are hereby combined so that Lender has one real estate security interest (herein, "Consolidated. Consolidated Mortgage") securing the Consolidated Note evidencing Borrower's indebtedness to Lender. Borrower and Lender agree that the terms of the Consolidated Mortgage are hereby amended and restated in their entirety to be the terms -Xxxxxx which are set out in Exhibit C hereto. As consolidated and restated hereby, the terms and provisions of the Mortgages shall remain in full force and effect and are hereby ratified and confirmed by Borrower in all respects. For purposes of the Consolidated Mortgage, Borrower's address stated above and Lender's address stated above shall be the addresses of Borrower and Lender, respectively, unless and until modified in accordance with the terms of the Consolidated Mortgage. Consolidation Modification and Extension Agreement Loan # 110626088 File # 123-30834 ARC NYWSHST001, LLC, et al.

Appears in 1 contract

Samples: Modification and Extension Agreement (American Realty Capital New York Recovery Reit Inc)

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