GUARANTY AGREEMENT (Unconditional Payment)Guaranty Agreement • March 6th, 2015 • Pope Resources LTD Partnership • Forestry • Washington
For good and valuable consideration, the current receipt and reasonable equivalence of which are hereby acknowledged, Guarantor, as defined below, hereby, jointly and severally, irrevocably, unconditionally and absolutely promises to pay in legal tender of the United States, and hereby guarantees payment, and not merely collection, and performance, when and as due, of all of the Indebtedness, as defined below, of Borrower, as defined below, to Lender, as defined below, or order, including but not limited to, payment and performance of the Indebtedness of Borrower under a Note dated of or around even date, in the initial principal commitment amount of
AMENDMENT NO. 3 TO MASTER LOAN AGREEMENTMaster Loan Agreement • March 6th, 2015 • Pope Resources LTD Partnership • Forestry
THIS AMENDMENT NO. 3 TO MASTER LOAN AGREEMENT (this "Amendment") is made and entered into effective October 14, 2014, by and between NORTHWEST FARM CREDIT SERVICES, FLCA and NORTHWEST FARM CREDIT SERVICES, PCA (collectively, "Lender") and ORM TIMBER FUND III (REIT) INC. ("Borrower").
NOTE (Intermediate Term with Fixed Rate)Note • March 6th, 2015 • Pope Resources LTD Partnership • Forestry
For Value Received, on October 1 , 2024 (the "Loan Maturity Date"), Borrower, as defined below, as principal, promises to pay NORTHWEST FARM CREDIT SERVICES, PCA ("Lender") or order, at its office in Spokane, Washington, or such other place as the holder of this Note (this "Note") may designate in writing, the principal balance of Fourteen Million Four Hundred Thousand and no/lOO's Dollars ($14,400,000.00) (the "Total Commitment Amount"), or so much thereof as may be outstanding, plus interest thereon from and after any Disbursement Date, at interest rates as provided for hereafter.
MORTGAGE, FINANCING STATEMENT AND FIXTURE FILINGMortgage, Financing Statement and Fixture Filing • March 6th, 2015 • Pope Resources LTD Partnership • Forestry • Washington
This Mortgage, Assignment of Rents, Security Agreement, Financing Statement and Fixture Filing (this "Mortgage"), dated as of October 14, 2014, is executed by ORM TIMBER FUND III (REIT) INC., a Delaware corporation ("Mortgagor"), whose address is 19950 7th Ave. NE, Suite 200, Poulsbo, WA 98370, in favor of and for the benefit of NORTHWEST FARM CREDIT SERVICES, PCA, a corporation organized and existing under the laws of the United States ("Mortgagee"), whose address is 1700 South Assembly Street, Spokane, WA 99224-2121, P. 0. Box 2515, Spokane, WA 99220-2515.
MORTGAGE, FINANCING STATEMENT AND FIXTURE FILINGMortgage, Financing Statement, and Security Agreement • March 6th, 2015 • Pope Resources LTD Partnership • Forestry • Washington
This Mortgage, Assignment of Rents, Security Agreement, Financing Statement and Fixture Filing (this "Mortgage"), dated as of October 14, 2014, is executed by ORM TIMBER FUND III (REIT) INC., a Delaware corporation ("Mortgagor"), whose address is 19950 7th Ave. NE, Suite 200, Poulsbo, WA 98370, in favor of and for the benefit of NORTHWEST FARM CREDIT SERVICES, PCA, a corporation organized and existing under the laws of the United States ("Mortgagee"), whose address is 1700 South Assembly Street, Spokane, WA 99224-2121, P. 0. Box 2515, Spokane, WA 99220-2515.
