PROMISSORY NOTE SECURED BY DEED OF TRUSTFleetwood Enterprises Inc/De/ • September 3rd, 2008 • Motor homes
FOR VALUE RECEIVED, FLEETWOOD MOTOR HOMES OF CALIFORNIA, INC., a California corporation (“Riverside Borrower”) and FLEETWOOD HOMES OF CALIFORNIA, INC., a California corporation (“Woodland Borrower”, together with Riverside Borrower, collectively and in the singular and jointly and severally, “FLE Borrower”), promises to pay to ISIS LENDING, LLC, a Delaware limited liability company (“Lender”), or order, as hereinafter provided, the principal sum of Twenty Seven Million Two Hundred Fifty Thousand and No/100 Dollars ($27,250,000.00) (“Principal Sum”), plus interest on the unpaid principal balance thereof payable at the Interest Rate (defined below).
GUARANTY AGREEMENTGuaranty Agreement • September 3rd, 2008 • Fleetwood Enterprises Inc/De/ • Motor homes • California
THIS GUARANTY AGREEMENT (this “Guaranty”), dated as of August 22, 2008, made by FLEETWOOD ENTERPRISES, INC., a Delaware corporation (“Fleetwood Enterprises”)(“Guarantor”) whose address is 3125 Myers Street, Riverside, California 92513, in favor of ISIS LENDING, LLC, a Delaware limited liability company, having an office at c/o Dwyer-Curlett and Company, 1880 Century Park East, Suite 400, Los Angeles, California 90067, Attn: Shelley Hasskamp (“Lender”).
