Leased Fee. Macy’s (anchor tenant) is a leased fee, where the tenant or other non-borrower party constructed improvements and either maintains its own insurance or self-insures. Subject to applicable restoration obligations, casualty proceeds are payable to the ground lessee or other non-borrower party and/or its leasehold mortgagee.
Leased Fee. Mortgaged property is a leased fee, where tenant or other non-borrower party maintains its own insurance or self-insures. Subject to applicable restoration obligations, casualty proceeds are payable to tenant or other non-borrower party and/or Representation Number on Exhibit C Mortgage Loan Name and Number as Identified on Exhibit A Description of Exception
Leased Fee. Chase Bank pad site is leased fee where tenant or other non-borrower party constructed improvements and either maintains its own insurance or self-insures. Subject to applicable restoration obligations, casualty proceeds are payable to tenant or other non-borrower party and/or its leasehold mortgagee. (ii)
Leased Fee. The Wegmans parcel is a leased fee, where the tenant or other non-borrower party constructed improvements and either maintains its own insurance or self-insures. Subject to applicable restoration obligations, casualty proceeds are payable to tenant or other non-borrower party and/or its leasehold mortgagee. (ii)
Leased Fee. Mortgaged property is a leased fee, where tenant or other non-borrower party constructed improvements and either maintains its own insurance or self-insures. Subject to applicable restoration obligations, casualty proceeds are payable to tenant or other non-borrower party and/or its leasehold mortgagee, and lease provisions govern disbursement of insurance proceeds. No rent abatement or termination provisions in the event of casualty. Tenant is required to raze or restore improvements following casualty. (ii)
Leased Fee. Mortgaged property is a leased fee, where tenant or other non-borrower party constructed improvements and either maintains its own insurance or self-insures. Subject to applicable restoration obligations, casualty proceeds are payable to tenant or other non-borrower party and/or its leasehold mortgagee, and lease provisions govern disbursement of insurance proceeds. No rent abatement or termination provisions in the event of casualty. Tenant is required to Representation Number on Exhibit C Mortgage Loan Name and Number as Identified on Exhibit A Description of Exception
Leased Fee. The Nordstrom parcel is a leased fee, where tenant or other non-borrower party constructed improvements and either maintains its own insurance or self-insures. Subject to applicable restoration obligations, casualty proceeds are payable to tenant or other non-borrower party and/or its leasehold mortgagee. (ii)
Leased Fee. Nordstrom (#2 tenant) parcel is a leased fee, where tenant or other non-borrower party constructed improvements and either maintains its own insurance or self-insures. Subject to applicable restoration obligations, casualty proceeds are payable to tenant or other non-borrower party and/or its leasehold mortgagee. The related lease provides that, following a major casualty, (i) there is no abatement of the tenant’s rental obligations, and (ii) the tenant has no right to terminate the lease during the period corresponding to loan term.
Leased Fee. The Costco parcel is a leased fee where tenant (Costco) or other non-borrower party constructed improvements and either maintains its own insurance or self-insures. Subject to applicable restoration obligations, casualty proceeds are payable to ground lessee or other non-borrower party and/or its leasehold mortgagee. 26 Metro 8 Self Storage Portfolio (Loan No. 11) With respect to the Norcross, GA Mortgaged Property (having an allocated loan amount of $3,250,000, or approximately 8.2% of the original principal amount), the property has a deficient landscape buffer along its western boundary line. As a condition of approval (RZ-140-86), the owner is required to maintain a 10 foot landscape buffer along the south and west boundary lines that are adjacent to residential uses. Currently, paved area encroaches into the landscaped buffer area that is required. The loan documents include a borrower covenant to comply with applicable laws, specifically including landscape buffer requirements at the Norcross, GA Mortgaged Property, in the event that the governmental authorities institute Rep. No. on Exhibit C Mortgage Loan and Number as Identified on Exhibit A Description of the Exception an enforcement action.
Leased Fee. The Xxxx’x pad site is a leased fee, where tenant or other non-borrower party constructed improvements and either maintains its own insurance or self-insures. Subject to applicable restoration obligations, casualty proceeds are payable to tenant or other non-borrower party and/or its leasehold mortgagee. (ii)
