BUSINESS LOAN AGREEMENTBusiness Loan Agreement • March 17th, 2011 • Cornerstone Realty Fund LLC • Operators of nonresidential buildings • California
THIS BUSINESS LOAN AGREEMENT dated November 19, 2010, is made and executed between CORNERSTONE REALTY FUND, LLC (“Borrower”) and Farmers & Merchants Bank of Long Beach , a CA Corp (“Lender”) on the following terms and conditions. Borrowers has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower’s representations. Warranties, and agreements as set forth in this Agreement; (B) the granting, renewing or extending of any Loan by Lender at all times shall be subject to Lender’s sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.
