AGREEMENT FOR NINTH MODIFICATION OF DEEDS OF TRUST AND OTHER LOAN INSTRUMENTSWilliam Lyon Homes • December 11th, 2006 • Operative builders
This Agreement for Ninth Modification of Deeds of Trust and Other Loan Instruments (this “Ninth Modification”) is made as of October 31, 2006 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 Ninth Memorandum (as defined below) against each Deed of Trust (as defined below) encumbering each Property, subject to Section 2 of this Ninth Modification, with reference to the following facts:
