Maximum Amount of Indebtedness. Notwithstanding any provision to the contrary in this Instrument, the Note or any other Loan Document which permits any additional sums to be advanced on or after the date of this Instrument, whether as additional loans or for any payments authorized by this Instrument, the total amount of the principal component of the Indebtedness shall not at any time exceed three hundred percent (300%) of the original principal amount of the Note set forth on the first page of this Instrument.
Appears in 5 contracts
Samples: Purchase Money Mortgage (Steadfast Income REIT, Inc.), Multifamily Mortgage, Assignment of Rents and Security Agreement (National Property Investors Iii), Multifamily Mortgage, Assignment of Rents and Security Agreement (National Property Investors Iii)
Maximum Amount of Indebtedness. Notwithstanding any provision to the contrary in this Instrument, the Note or any other Loan Document which permits any additional sums to be advanced on or after the date of this Instrument, whether as additional loans or for any payments authorized by this Instrument, the total amount of the principal component of the Indebtedness shall will not at any time exceed three hundred percent (300%) % of the original principal amount of the Note set forth on the first page of this Instrument.
Appears in 4 contracts
Samples: Multifamily Mortgage, Assignment of Rents and Security Agreement, Multifamily Mortgage, Assignment of Rents and Security Agreement (Steadfast Income REIT, Inc.), Multifamily Mortgage, Assignment of Rents and Security Agreement (Steadfast Income REIT, Inc.)
