260 SPRINGSIDE DRIVE, AKRON OH LLC, a Delaware limited liability company, as mortgagor (“Borrower”) to JPMORGAN CHASE BANK, N.A., as mortgagee (“Lender”) MORTGAGE AND SECURITY AGREEMENTMortgage and Security Agreement • September 13th, 2005 • Gladstone Commercial Corp • Lessors of real property, nec
THIS MORTGAGE AND SECURITY AGREEMENT (this “Security Instrument”) is made as of the 12th day of September, 2005, by 260 SPRINGSIDE DRIVE, AKRON OH LLC, a Delaware limited liability company, having its principal place of business at 1521 Westbranch Drive, Suite 200, McLean, Virginia 22102 (“Borrower”), to JPMORGAN CHASE BANK, N.A., a banking association chartered under the laws of the United States of America, having its principal place of business at 270 Park Avenue, New York, New York 10017, as mortgagee (“Lender”).
FIXED RATE NOTEFixed Rate Note • September 13th, 2005 • Gladstone Commercial Corp • Lessors of real property, nec
FOR VALUE RECEIVED, 260 SPRINGSIDE DRIVE, AKRON OH LLC, a Delaware limited liability company (“Borrower”), promises to pay to the order of JPMORGAN CHASE BANK, N.A., a banking association chartered under the laws of the United States of America, its successors and assigns (hereinafter referred to as “Lender”), at the office of Lender or its agent, designee, or assignee at 270 Park Avenue, New York, New York 10017, Attention: Loan Servicing, or at such place as Lender or its agent, designee, or assignee may from time to time designate in writing, the principal sum of TWELVE MILLION FIVE HUNDRED EIGHTY-EIGHT THOUSAND AND 00/100 DOLLARS ($12,588,000.00), in lawful money of the United States of America, with interest thereon to be computed on the unpaid principal balance from time to time outstanding at the Applicable Interest Rate (hereinafter defined) at all times prior to the occurrence of an Event of Default (as defined in the Security Instrument [hereinafter defined]), and to be paid
