ASSIGNMENT AND ASSUMPTION OF DEED OF TRUST AND OTHER LOAN DOCUMENTS AND MODIFICATION AGREEMENTDocuments and Modification Agreement • November 13th, 2015 • Condor Hospitality Trust, Inc. • Real estate investment trusts • Texas
THIS ASSIGNMENT AND ASSUMPTION OF DEED OF TRUST AND OTHER LOAN DOCUMENTS AND MODIFICATION AGREEMENT (this "Agreement") is made as of the 1st day of October, 2015, by and among PHG SAN ANTONIO, LLC, a Georgia limited liability company ("Original Borrower"), JATIN DESAI, an individual ("Desai"), MITUL PATEL, an individual ("Patel"), and GREGORY M. FRIEDMAN, an individual (“Friedman” and, together with Desai and Patel, each individually an "Original Guarantor" and collectively "Original Guarantors"), CDOR SAN SPRING, LLC, a Delaware limited liability company (“CDOR”), TRS SAN SPRING, LLC, a Delaware limited liability company (“TRS” and, together with CDOR, hereinafter individually and collectively referred to as “New Borrower”), CONDOR HOSPITALITY TRUST, INC., a Maryland corporation (“New Guarantor”), and LMREC 2015-CRE1, INC., a Delaware corporation (“Lender”).
