Usury and Truth in Lending. Notwithstanding the provisions contained in Section 34(d) of this Mortgage to the contrary, the Mortgagor acknowledges that the Loan evidenced in the Loan Agreement was solicited, negotiated, closed and funded outside the State of Arkansas, and the Mortgagor waives any argument that the laws of the State of Arkansas shall apply for usury purposes. The Loan is an exempted transaction under the Truth In Lending Act, 15 U.S.C., §1601, et seq.
Appears in 6 contracts
Samples: Mortgage, Security Agreement, Assignment of Rents and Leases and Fixture Filing (Adcare Health Systems Inc), Mortgage, Security Agreement, Assignment of Rents and Leases and Fixture Filing (Adcare Health Systems Inc), Mortgage, Security Agreement, Assignment of Rents and Leases and Fixture Filing (Adcare Health Systems Inc)
Usury and Truth in Lending. Notwithstanding the provisions contained in Section 34(d) of this Mortgage to the contrary, the Mortgagor acknowledges that the Loan evidenced in the Loan Agreement was solicited, negotiated, closed and funded outside the State of Arkansas, and the Mortgagor waives any argument that the laws of the State of Arkansas shall apply for usury purposes. The Loan is an exempted transaction under the Truth In Lending Act, 15 U.S.C., §1601, et seq.
Appears in 4 contracts
Samples: Mortgage, Assignment of Rents, Security Agreement and Fixture Filing (Adcare Health Systems, Inc), Mortgage, Assignment of Rents, Security Agreement and Fixture Filing (Adcare Health Systems, Inc), Mortgage, Assignment of Rents, Security Agreement and Fixture Filing (Adcare Health Systems, Inc)
