COMMERCIAL NOTECommercial Note • June 14th, 2012 • Presidential Realty Corp/De/ • Real estate investment trusts
FOR VALUE RECEIVED, the Undersigned, Palmer-Mapletree LLC, a Delaware limited liability company with its principal place of business at 9 East 40th Street, Suite 900, New York, New, York (the "Borrower") promises to pay to the order of Country Bank for Savings ("Lender"), at the Lender's main office presently located at 75 Main Street, Ware, Hampshire County, Massachusetts, or at such other place as Lender may designate in writing, the principal sum of FIVE HUNDRED THOUSAND AND 00/100 DOLLARS ($500,000.00), plus interest, all as hereinafter set forth ("Note").
MORTGAGE AND SECURITY AGREEMENTMortgage and Security Agreement • June 14th, 2012 • Presidential Realty Corp/De/ • Real estate investment trusts
This Mortgage and Security Agreement (collectively, the "Mortgage") is made and entered into as of this 8th day of June, 2012, by Palmer-Mapletree LLC, a Delaware limited liability company with its principal place of business at 9 East 40th Street, Suite 900, New York, New, York (the "Mortgagor") in favor of Country Bank for Savings, a Massachusetts banking institution with a principal place of business at 75 Main Street, Ware, Hampshire County, Massachusetts (the "Mortgagee").
LOAN AGREEMENTLoan Agreement • June 14th, 2012 • Presidential Realty Corp/De/ • Real estate investment trusts • Massachusetts
THIS AGREEMENT is entered into as of June 8, 2012, by Palmer-Mapletree LLC, a Delaware limited liability company with its principal place of business at 9 East 40th Street, Suite 900, New York, New York ("Borrower") and Country Bank for Savings, with its main office presently located at 75 Main Street, Ware, Massachusetts ("Lender").
REVOLVING LINE OF CREDIT MAXIMUM PRINCIPAL AMOUNT: DEMAND REVOLVING LINE OF CREDIT NOTERevolving Line of Credit Agreement • June 14th, 2012 • Presidential Realty Corp/De/ • Real estate investment trusts
FOR VALUE RECEIVED, the Undersigned, Palmer-Mapletree LLC, a Delaware limited liability company with its principal place of business at 9 East 40th Street, Suite 900, New York, New, York (the "Borrower"), promise(s) to pay to the order of Country Bank for Savings ("Lender"), at the Lender's main office presently located at 75 Main Street, Ware, Hampshire County, Massachusetts, or such other place as Lender may designate in writing, ON DEMAND, the principal sum of FIVE HUNDRED THOUSAND AND 00/100 DOLLARS ($500,000.00), or, if greater or lesser, the (then) total unpaid principal balance due Lender (as reflected by the Lender's books and records) as a result of loans hereafter made by Lender to the Undersigned under this Note from time to time, plus all interest and other charges due Lender hereunder.
