KDM FUNDING I LLC MORTGAGE SECURED NOTES TRUST INDENTURE AND SECURITY AGREEMENT (RULE 144A PRIVATE PLACEMENTS) DATED AS OF JULY 28, 2022 DELAWARE TRUST COMPANY AS TRUSTEE KORTH DIRECT MORTGAGE INC. AS PAYING AGENT AND AUTHENTICATING AGENTTrust Indenture and Security Agreement • August 5th, 2022 • Korth Direct Mortgage Inc. • Mortgage bankers & loan correspondents • New York
INDENTURE dated as of July 28 , 2022, by and among KDM Funding I LLC, a Florida limited liability company (the “Company”), Delaware Trust Company, a state chartered trust company incorporated and existing under the laws of Delaware, as trustee (the “Trustee”), and Korth Direct Mortgage Inc., a Florida corporation and a direct parent of the Company, as Paying Agent and Authenticating Agent (the “Parent Company”).
KDM FUNDING I LLC PURCHASE AGREEMENT FOR MULTIPLE SERIES OF MORTGAGE SECURED NOTES July 29, 2022Purchase Agreement • August 5th, 2022 • Korth Direct Mortgage Inc. • Mortgage bankers & loan correspondents • Florida
The undersigned, KDM Funding I LLC, a Florida limited liability company (the "Company"), proposes to issue and sell to J. W. Korth & Company Limited Partnership, a Michigan limited partnership (the "Initial Purchaser"), certain Mortgage Secured Notes (each such series, the “Notes”) from time to time (each, an “Offering”). Each series of Notes will be issued pursuant to the Trust Indenture and Security Agreement dated July 28, 2022, between the Company and Delaware Trust Company, as trustee (the “Trustee”) (as the same may be amended, supplemented, waived or otherwise modified from time to time in accordance with the terms thereof, the “Indenture”). This Agreement, the Notes and the Indenture are referred to herein as the "Transaction Documents.”
