Assumption Fee. The Lender shall receive an assumption fee equal to the greater of (i) $7,500 and (ii) of one-quarter percent (0.25%) of the outstanding balance of the Loan, and the Borrower shall agree to reimburse the Lender’s out-of-pocket expenses incurred in connection with the proposed transfer, including title updates and endorsement charges, recording fees, any applicable taxes and attorneys’ fees, regardless of whether the transfer is consummated.
Appears in 5 contracts
Samples: Deed of Trust, Security Agreement and Fixture Filing, Deed of Trust, Security Agreement and Fixture Filing (Consolidated Capital Growth Fund), Future Advance Mortgage (Angeles Partners X)
Assumption Fee. The Lender shall receive an assumption fee equal to the greater of (i) $7,500 and (ii) of one-quarter one percent (0.251%) of the outstanding balance of the Loan, and the Borrower shall agree to reimburse the Lender’s out-of-pocket expenses incurred in connection with the proposed transfer, including title updates and endorsement charges, recording fees, any applicable taxes and attorneys’ fees, regardless of whether the transfer is consummated.
Appears in 3 contracts
Samples: Deed of Trust, Security Agreement and Fixture Filing (RREEF Property Trust, Inc.), Open End Mortgage Deed, Security Agreement and Fixture Filing (GTJ Reit, Inc.), Deed of Trust, Security Agreement and Fixture Filing (NNN Apartment REIT, Inc.)
Assumption Fee. The Lender shall receive an assumption fee equal to the greater of (i) $7,500 and (ii) of one-quarter one percent (0.251%) of the outstanding balance of the LoanLoan , and the Borrower shall agree to reimburse the Lender’s out-of-pocket expenses incurred in connection with the proposed transfer, including title updates and endorsement charges, recording fees, any applicable taxes and attorneys’ fees, regardless of whether the transfer is consummated.
Appears in 1 contract
Samples: Deed of Trust, Security Agreement and Fixture Filing (AmREIT, Inc.)
