Non-Recourse Liability. Subject to the provisions of paragraph L and notwithstanding any other provision in the Note or Instrument, the personal liability of Borrower, any general partner of Borrower (if Borrower is a partnership), and any Key Principal to pay the principal of and interest on the debt evidenced by the Note and any other agreement evidencing Borrower's obligations under the Note and the Instrument shall be limited to (1) the real and personal property described as the "
Appears in 2 contracts
Sources: Deed of Trust (Capital Senior Living Corp), Multifamily Mortgage, Assignment of Rents and Security Agreement (Maxus Realty Trust Inc)
Non-Recourse Liability. Subject to the provisions of paragraph L and notwithstanding any other provision in the Note or Instrument, the personal liability of Borrower, any general partner of Borrower ▇▇▇▇▇▇▇▇ (if Borrower is a partnership), and any Key Principal to pay the principal of and interest on the debt evidenced by the Note and any other agreement evidencing Borrower's obligations under the Note and the Instrument shall be limited to (1) the real and personal property described as the "
Appears in 1 contract
Sources: Rider to Multifamily Instrument (Apartment Investment & Management Co)
Non-Recourse Liability. Subject to the provisions of or paragraph L and notwithstanding any other provision in the Note or Instrument, the personal liability of Borrower, any general partner of Borrower (if Borrower is a partnership), and any Key Principal to pay the principal of and interest on the debt evidenced by the Note and any other agreement evidencing Borrower's obligations under the Note and the Instrument shall be limited to (1) the real and personal property described as the "
Appears in 1 contract
Sources: Multifamily Mortgage, Assignment of Rents and Security Agreement (Maxus Realty Trust Inc)