2nd AMENDMENT TO LOAN PURCHASE AND SALE AGREEMENTLoan Purchase and Sale Agreement • February 25th, 2016 • Shepherd's Finance, LLC • Short-term business credit institutions
This 2nd AMENDMENT TO LOAN PURCHASE AND SALE AGREEMENT (this “Amendment”) dated as of the 19th day of February, 2016, by and between SHEPHERD’S FINANCE, LLC, a Delaware limited liability company (“Seller”) having an address at 12627 San Jose Boulevard, Suite 203, Jacksonville, Florida 32223, and S.K. FUNDING, LLC, , a Florida limited liability company (“Buyer”) having an address at 630 Maplewood Drive, Suite 100, Jupiter FL, 33458.
Parcel Identification Number:Mortgage and Security Agreement • February 25th, 2016 • Shepherd's Finance, LLC • Short-term business credit institutions • Florida
CONSTRUCTION LOAN AGREEMENTConstruction Loan Agreement • February 25th, 2016 • Shepherd's Finance, LLC • Short-term business credit institutions • Florida
THIS CONSTRUCTION LOAN AGREEMENT, the (“Agreement”) dated February 19, 2016, is made and executed between Lex Partners II, LLC (“Borrower”) and Shepherd’s Finance, LLC (“Lender”) on the following terms and conditions. Borrower has applied to Lender for one or more loans for purposes of constructing the Improvements on the Real Property described below. Lender is willing to lend the loan amount to Borrower solely under the terms and conditions specified in this Agreement and in the Promissory Note, Mortgage and Security Agreement, and other related documents, the “Related Documents” for the loan dated February 19, 2016, to each of which Borrower agrees. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower’s representations, warranties, and agreements as set forth in this Agreement, and (B) all such Loans shall be and remain subject to the terms and conditions of this Agreement.
