MORTGAGE, ASSIGNMENT OF LEASES AND RENTS AND SECURITY AGREEMENT TCI06 BURNSVILLE MN LLC, a Delaware limited liability company, BORROWER IN FAVOR OF CIBC INC., LENDER DATED: AS OF DECEMBER 22, 2006Mortgage, Assignment of Leases and Rents and Security Agreement • December 28th, 2006 • Gladstone Commercial Corp • Lessors of real property, nec • New York
THIS INSTRUMENT IS TO BE FILED AND INDEXED IN THE REAL PROPERTY RECORDS AND IS ALSO TO BE INDEXED IN THE CHATTEL RECORDS UNDER THE NAMES OF TCI06 BURNSVILLE MN LLC, AS “DEBTOR”, AND CIBC INC., AS “SECURED PARTY” — SEE GRANTING CLAUSE OF THIS INSTRUMENT FOR DESCRIPTION OF COLLATERAL AND OTHER DETAILS.
OPEN–END MORTGAGE, ASSIGNMENT OF LEASES AND RENTS AND SECURITY AGREEMENT Maximum Principal Amount Secured Hereby Not to Exceed $21,846,000 SVMMC05 TOLEDO OH LLC, a Delaware limited liability company, BORROWER IN FAVOR OF CIBC INC., LENDER DATED: AS OF...Open-End Mortgage, Assignment of Leases and Rents and Security Agreement • December 28th, 2006 • Gladstone Commercial Corp • Lessors of real property, nec • New York
THIS OPEN-END MORTGAGE, ASSIGNMENT OF LEASES AND RENTS AND SECURITY AGREEMENT (this “Mortgage”) is made as of the 22nd day of December, 2006, by SVMMC05 TOLEDO OH LLC, a Delaware limited liability company, with an address c/o Gladstone Commercial Corporation, 1521 Westbranch Drive, McLean, Virginia 22102, as mortgagor (“Borrower”), in favor of CIBC INC., a Delaware corporation, as mortgagee (“Lender”), whose address is Attn: Real Estate Finance Group, 300 Madison Avenue, 8th Floor, New York, New York 10017.
ContractSecurity Agreement • December 28th, 2006 • Gladstone Commercial Corp • Lessors of real property, nec • New York
THIS INSTRUMENT IS INTENDED TO TAKE EFFECT AS A SECURITY AGREEMENT PURSUANT TO MASSACHUSETTS GENERAL LAWS, CHAPTER 106, SECTION 9-101 ET SEQ. AND IS TO BE RECORDED WITH THE ESSEX COUNTY REGISTRY OF DEEDS AS A FINANCING STATEMENT PURSUANT TO SAID GENERAL LAWS, CHAPTER 106, SECTION 9-402. THE NAMES OF THE DEBTOR AND THE SECURED PARTY, THE MAILING ADDRESS OF THE SECURED PARTY FROM WHICH INFORMATION CONCERNING THE SECURITY INTEREST MAY BE OBTAINED, THE MAILING ADDRESS OF THE DEBTOR AND A STATEMENT INDICATING THE TYPES, OR DESCRIBING THE ITEMS OF COLLATERAL ARE AS DESCRIBED HEREIN, IN COMPLIANCE WITH REQUIREMENTS OF ARTICLE 9, SECTION 402 OF THE UNIFORM COMMERCIAL CODE, AS ENACTED IN THE COMMONWEALTH OF MASSACHUSETTS.
