SUBORDINATE MORTGAGE NOTESubordinate Mortgage Note • August 9th, 2013 • 60 East 42nd Street Associates L.L.C. • Operators of nonresidential buildings
FOR VALUE RECEIVED, 60 EAST 42ND ST. ASSOCIATES L.L.C. (F/K/A 60 EAST 42ND ASSOCIATES), a New York limited liability company, with offices at c/o Malkin Holdings LLC, 60 East 42nd Street, New York, New York 10165 (the “Maker”), promises to pay to SIGNATURE BANK, a New York banking corporation, having an office at 68 South Service Road, Melville, New York 11747 (the “Payee”), or such other place as may be designated in writing by the holder of this Note, the principal sum of Twelve Million and 00/100 Dollars ($12,000,000.00) or so much thereof as shall have been advanced to the Maker pursuant to the terms of a loan agreement of even date herewith between the Maker and the Payee (the “Loan Agreement”), together with interest as hereinafter provided.
