AGREEMENT FOR EIGHTH MODIFICATION OF DEEDS OF TRUST AND OTHER LOAN INSTRUMENTSEighth Modification of Deeds of Trust and Other Loan Instruments • November 18th, 2005 • William Lyon Homes • Operative builders • New York
This Agreement for Eighth Modification of Deeds of Trust and Other Loan Instruments (this “Eighth Modification”) is made as of October 14, 2005 by and between WILLIAM LYON HOMES, INC., a California corporation (“Borrower”) and GUARANTY BANK, a federal savings bank organized and existing under the laws of the United States (formerly known as “Guaranty Federal Bank, F.S.B.”) (“Lender”), and effective upon recordation of the Eighth Memorandum (as defined below) against each Deed of Trust (as defined below) encumbering each Property, subject to Section 2 of this Eighth Modification, with reference to the following facts:
