HomeMy WebLinkAbout2199 1. Mortgagar represents and warrants that it is the fee
owner of the Property.
2. Mortqagor r~presents and warrants that there are no
existing defenses to the Mortgage and that the Mortgage
constitutes a valid first mortgage lien on the Property in
favor of Mortgagee.
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existing defenses to the Note, that the No~e evidences a valid
and binding obligation of Mortgagor and that the principal
amount outstanding under the Note exclusive of accrued interest
as of December 22, 1989 is $973,255.86
4. The Note is hereby modified and amended to extend the
maturity date thereof to March 27, 1990.
5. Mortqagor shall promptly cause this Agreement to be
filed, registered or recorded in such manner and in such places
as may be required by any present or future law in order to
publish notice of and fully to protect the lien of the Mortgage
upon, and the interest of Mortgagee in, the Property.
Mortgagor will pay all filing, administLation, and recording
~ fees, and all expenses incident to the preparation, egecution
~ and acknowledgment of this Agreement, and all Federal, state,
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~ county and municipal taxes, duties, imposts, assessments and
~ charges arising out of or in connection with the filing,
~ registration, recording, execution and deZivery of this
~ Agreement and Mortgagor shall hold harmless and indemnify
~ Mortgagee agai.nst any ~iability incurred by reason of the
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~ imposition of any tax on the issuance, making, filing,
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~ registration or recording of this Agreement.~
~ 6. Mortgagor represents, warrants and covenants that there
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~ are no offsets, countercl.aims or defenses against the
` obligations of Mortgagor under the Note or the Mortgage and
that Mortgagor (and the undersigned representative of Mortgagor
if any) has full power, authority and legal right to execute
~ this Agreement and to keep and observe all of the terms of this
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x Agreement on Mortgagor's part to be observed or performed.
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