Florida Loan No. 340025 Sun Island Lakes LLCPromissory Note • February 5th, 2014 • Sun Communities Inc • Real estate investment trusts
This Note, in the principal amount of $13,000,000.00, constitutes an amended and restated renewal of an Amended and Restated Renewal Promissory Note dated January 1, 2014, made by the maker hereof to Sun Communities Operating Limited Partnership ("Sun Communities") in the original and current principal amount of $12,592,021.08 (the "Island Lakes Split Note"). Sun Communities is the owner and holder of a term promissory note dated June 9, 2004 in the original principal amount of $25,366,570.00 (the "BOA Note") made by the maker hereof, jointly and severally with other of its affiliates including, without limitation, Sun Kings Lake LLC, a Michigan limited liability company ("Kings Lake"), to Bank of America, N.A., ("BOA"). The BOA Note was assigned to Sun Communities and thereafter split into two notes, the Island Lakes Split Note, and the other split note from Kings Lake with an outstanding principal balance in the amount of $9,686,855.57 as of the date this Note is signed.
MASTER LOAN AGREEMENTMaster Loan Agreement • February 5th, 2014 • Sun Communities Inc • Real estate investment trusts • Florida
THIS MASTER LOAN AGREEMENT (this "Agreement") is made as of January 24, 2014, by and among SUN ARIANA LLC, SUN ISLAND LAKES LLC, SUN KINGS LAKE LLC, and SUN INDIAN CREEK LLC (each an "Individual Borrower" and, collectively, the "Borrowers"), c/o Sun Communities, Inc., Attention: Anjali Shah or SVP-Finance, 27777 Franklin Road, Suite 200, Southfield, MI 48034 and THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY, a Wisconsin corporation, 720 East Wisconsin Avenue, Milwaukee, Wisconsin 53202 ("Lender").
