PROMISSORY NOTE AND DEED OF TRUST Sample Clauses

PROMISSORY NOTE AND DEED OF TRUST. The Agency will execute (1) a Promissory Note in favor of the County to evidence the Agency’s obligations hereunder and (2) a Deed of Trust, which the County will record against the Property. The Promissory Note and Deed of Trust will be executed by the Agency as soon after the execution of this Funding Agreement as practicable and promptly submitted to the County. The County will file the Deed of Trust in the Boulder County Clerk and Recorder’s Office.
Sample 1Sample 2
AutoNDA by SimpleDocs
PROMISSORY NOTE AND DEED OF TRUST. Pursuant to the terms of the Loan, provided to Rohleder and his spouse in accordance with the Note, Rohleder prevxxxxxx xgreed to pay to the Company the entire amount xx Xxxxcipal Amount (as defined in the Note) plus Interest (as defined in the Note) due under the Note no later than ninety (90) days after the Termination Date. Rohleder and the Company agree to amend the Note to provide that, xxxxxxxxtanding Rohleder's termination of employment, the Loan shall remain outstaxxxxx xxx the one hundred fifty (150) days immediately following the Termination Date. On the last day of such one hundred fifty (150) day period (or the next business day, if the last day of such one-hundred fifty (150) day period is not a business day), the entire Principal Amount plus Interest (to the extent not yet paid) shall become immediately due and payable. Rohleder hereby agrees to execute and deliver any documents or othxx xxxxxials that the Company determines are necessary to evidence the above-described agreement and to continue without interruption or impairment of the Company's security interest in the Property (as defined in the Note).
Sample 1
PROMISSORY NOTE AND DEED OF TRUST. In the event a promissory note secured by a deed of trust is given by Xxxxx to Seller as part of the payment of the purchase price, the promissory note and deed of trust shall be in the form of and contain the provisions of the promissory note and deed of trust forms approved by the N.C. Bar Association as Forms 4 and 5.
Sample 1
PROMISSORY NOTE AND DEED OF TRUST. In order to secure and perfect Borrowers’ obligation to repay the Financed fees, Xxxxxxxx agrees to execute a promissory note in the form provided by City (the "Promissory Note") attached hereto and incorporated herein as Exhibit “2”, which shall be secured by a Deed of Trust, attached hereto and incorporated herein as Exhibit “3”. This Agreement, the Promissory Note and the Deed of Trust shall be collectively referred to herein as the "Loan Documents." Borrower agrees to apply for and receive building permits for and commence construction of a hotel on the Subject Property on or before December 31, 2024. City and the Borrower agree that the Loan Documents shall create and perfect the City’s security interest in the real property set forth in Exhibit A as security) for the payment of the Financed Fees.
Sample 1

Related to PROMISSORY NOTE AND DEED OF TRUST

  • Promissory Note The Promissory Note is enclosed. The Chief Financial Officer is required to sign it and return it to the OPWC Loan Officer, Xxxxx XxXxxx. It is preferable that you scan and email it to her at Xxxxx.XxXxxx@xxx.xxxxx.xx.xx but may also mail it to the address on our letterhead. Only use one method.

  • Promissory Notes Any Lender may request that Loans made by it be evidenced by a promissory note. In such event, the Borrower shall prepare, execute and deliver to such Lender a promissory note payable to such Lender (or, if requested by such Lender, to such Lender and its permitted registered assigns) and in a form attached hereto as Exhibit C. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form payable to the payee named therein (or, if such promissory note is a registered note, to such payee and its permitted registered assigns).

  • Security Agreement The words "Security Agreement" mean and include without limitation any agreements, promises, covenants, arrangements, understandings or other agreements, whether created by law, contract, or otherwise, evidencing, governing, representing, or creating a Security Interest.

  • Loan Agreement This Agreement duly executed by Borrower and Lender.

  • Agreement and Declaration of Trust These By-Laws shall be subject to the Agreement and Declaration of Trust, as from time to time in effect (the "Declaration of Trust"), of the above-captioned Massachusetts business trust established by the Declaration of Trust (the "Trust").

Time is Money Join Law Insider Premium to draft better contracts faster.