0001144204-19-031221 Sample Contracts

MORTGAGE, SECURITY AGREEMENT AND FINANCING STATEMENT THIS MORTGAGE, SECURITY AGREEMENT AND FINANCING STATEMENT IS A LINE OF CREDIT MORTGAGE AS PROVIDED IN NMSA 1978 §48-7-4.B.
Mortgage, Security Agreement and Financing Statement • June 18th, 2019 • Amrep Corp. • Periodicals: publishing or publishing & printing • New Mexico

THIS MORTGAGE, SECURITY AGREEMENT AND FINANCING STATEMENT (“Mortgage”) is made effective as of the 17th day of June, 2019, by and between Lomas Encantadas Development Company, LLC, a New Mexico limited liability company (“Mortgagor”), having its mailing address at 333 Rio Rancho Drive, Suite 401, Rio Rancho, New Mexico 87124, for the benefit of BOKF, NA dba Bank of Albuquerque (“Mortgagee”), having an office and mailing address at 100 Sun Avenue NE, Suite 500, Albuquerque, New Mexico 87109, with reference to the following:

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GUARANTY AGREEMENT
Guaranty Agreement • June 18th, 2019 • Amrep Corp. • Periodicals: publishing or publishing & printing • New Mexico

THIS GUARANTY AGREEMENT (the “Guaranty”) is made by AMREP Southwest, Inc., a New Mexico corporation (the “Guarantor”), to and for the benefit of BOKF, NA dba Bank of Albuquerque (the “Lender”), with reference to the following:

DEVELOPMENT LOAN AGREEMENT
Development Loan Agreement • June 18th, 2019 • Amrep Corp. • Periodicals: publishing or publishing & printing • New Mexico

This Development Loan Agreement (“Agreement”) is made and entered into effective as of June 17, 2019 (the “Effective Date”), among BOKF, NA dba Bank of Albuquerque (the “Lender”); and Lomas Encantadas Development Company, LLC, a New Mexico limited liability company (the “Borrower”), with reference to the following:

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