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assessments, fees and governmental and non-governmental charges levied, s
imposed or assessed upon or against 11lortgagor or any of its properties; ~
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( g~ IMPROVEMENTS : All improvements and replacements thereof i
now constructed or hereafter to be constructed under, on or abore the ~
Land, including, but not limited to, one 12 -s tory condom inium bu i ld ing ~
containing 92 condominium units distributed as follvws: ~
63 2-bedroom, 2-bath (Style A) apartment units containing ;
1,467 square feet; 22 2-bedroom, 2-bath (Style B) apartment
un~ts containing 1,467 square feet; 7 3-bedroom, 3-bath ~
(Style C) apartment units containir~g 2,471 square feet,
2 elevators, sun and recreational deck including a 2,200
. square foot swimming pool and wet bar, tennis court, game
~ and meeting rooms, health club, and on-site parking for 211* ~
' which term includes any part of the Improvements; ;
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~ I1 ~ INDEBTEDNESS : TIl@ PT1IIClP~ Of, interest on and/or all other 3
; amounts, payments and premiums due under the Note and all other =
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~ indebtedness of Mortgagor to Mortgagee under and/or secured by the
` Security Documents and/or otherwise; E
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~ (i) L~vn: The real estate (and other interest or interests in real ~
~ estate, if any ) described in Exhibit A attached hereto which by this ref- ~
~ erence is made a part hereof for all purgoses, ~vhich term includes any r
~ pazt of the Land; ;
` ( j) I.EwsES : Any and all leases, subleases, licenses, concessions or '
P grants of other possessory interests granted by Mortgagor as lessor, now or ~
~ hereafter in force, oral or written, covering or affecting the Mortgaged ~
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G Property; i
(k) Loniv AGREEMENT: The Loan Agreement, dated of even date
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~ herewith, between Mortgagor and Construction Lender, which by this
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- reference is incorporated herein for all purposes;
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~1~ MATURITY DATE: The Maturity Date as stated in the Note;
- ~ ril ~ MORTGAGED PROPERTY : The Land, the Improvements and the
= Fixtures ( and Personal Property, if any together with :
(i) all rights, privileges, tenements, hereditaments, rights-of- ±
way, easements, appendages, appurtenances, riparian or littoral rights ~
belonging or in any~vise appertaining to the Land and/or the Im- ~
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*cars, all to be constructed in accordance with the
~=l plans and specifications prepared by Meyers and ~
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D'Aleo, Inc., A.I.A., Baltimore, Maryland, ~
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