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.
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.
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.
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).
PROMISSORY NOTE AND DEED OF TRUST. All amounts loaned or granted as identified in Attachment A – Loan or Grant Terms, shall be evidenced by one or more promissory note(s) (the “Promissory Note(s)”) and shall be secured by one or more deed(s) of trust in favor of the DEPARTMENT (the “Deed(s) of Trust”). Multiple Deeds of Trust may be necessary for Projects that include multiple properties. Each Deed of Trust shall be recorded in the county or counties in which the Property or Properties is or are located. The CONTRACTOR shall ensure that each original Deed of Trust shall be returned to the DEPARTMENT after recordation. The CONTRACTOR shall also ensure each original Promissory Note shall be returned to the DEPARTMENT at Contract execution. Each Deed of Trust shall secure the following:
