Common use of Additional Loan Documents Clause in Contracts

Additional Loan Documents. Concurrently with the execution of this Agreement and as an inducement to Lender to acquire the Loans from LaSalle and to agree to the terms and conditions contained herein, Louis S. Beck and Harry G. Yeaggy shall jointly and severally graxx xx Xxxxxx an Unxxxxxxxxxxx Xxaranty ("Guaranty") which Guaranty shall guaranty the obligations payable by Borrower to the Lender under the Notes, the Mortgage, Second Mortgage and the other Loan Documents. In addition, Borrower shall grant to Lender a Pledge/Assignment/Cash Collateral Agreement between Borrower and Lender dated of even date herewith granting to Lender an interest in that account with a current balance of Twenty-Two Thousand Three Hundred Dollars ($22,300.) established as a reserve for furniture, fixtures and equipment on the Premises as required under the Mortgage ("Pledge Agreement"). Said Guaranty and Pledge Agreement shall now become part of the Loan Documents and shall secure the obligations of the Borrower under the Notes and the Loan Documents.

Additional Loan Documents. Concurrently with the execution of this Agreement and as an inducement to Lender to acquire the Loans from LaSalle and to agree to the terms and conditions contained herein, Louis S. Beck and Harry G. Yeaggy shall jointly and severally graxx xx Xxxxxx an Unxxxxxxxxxxx Xxaranty ("Guaranty") which Guaranty shall guaranty the obligations payable by Borrower to the Lender under the Notes, the Mortgage, Second Mortgage and the other Loan Documents. In addition, Borrower shall grant to Lender a Pledge/Assignment/Cash Collateral Agreement between Borrower and Lender dated of even date herewith granting to Lender an interest in that account with a current balance of TwentyOne Hundred Ninety-Seven Thousand Five Hundred Forty-Two Thousand Three Hundred Dollars ($22,300197,542.) established as a reserve for furniture, fixtures and equipment on the Premises as required under the Mortgage ("Pledge Agreement"). Said Guaranty and Pledge Agreement shall now become part of the Loan Documents and shall secure the obligations of the Borrower under the Notes and the Loan Documents.

Additional Loan Documents. Concurrently with the execution of this Agreement and as an inducement to Lender to acquire the Loans from LaSalle and to agree to the terms and conditions contained herein, Louis S. Beck and Harry G. Yeaggy shall jointly and severally graxx xx Xxxxxx an Unxxxxxxxxxxx Xxaranty ("Guaranty") which Guaranty shall guaranty the obligations payable by Borrower to the Lender under the Notes, the Mortgage, Second Mortgage and the other Loan Documents. In addition, Borrower shall grant to Lender a Pledge/Assignment/Cash Collateral Agreement between Borrower and Lender dated of even date herewith granting to Lender an interest in that account with a current balance of TwentyOne Hundred Fifty-Two Nine Thousand Three Seven Hundred Forty-One Dollars ($22,300159,741.) established as a reserve for furniture, fixtures and equipment on the Premises as required under the Mortgage ("Pledge Agreement"). Said Guaranty and Pledge Agreement shall now become part of the Loan Documents and shall secure the obligations of the Borrower under the Notes and the Loan Documents.

Additional Loan Documents. Concurrently with the execution of this Agreement and as an inducement to Lender to acquire the Loans from LaSalle and to agree to the terms and conditions contained herein, Louis S. Beck and Harry G. Yeaggy shall jointly and severally graxx grxxx xx Xxxxxx an Unxxxxxxxxxxx Xxaranty Uxxxxxxxxxxxx Xuaranty ("Guaranty") which Guaranty shall guaranty the obligations payable by Borrower to the Lender under the Notes, the Mortgage, Second Mortgage and the other Loan Documents. In addition, Borrower shall grant to Lender a Pledge/Assignment/Cash Collateral Agreement between Borrower and Lender dated of even date herewith granting to Lender an interest in that account with a current balance of Twenty-Two One Hundred Nine Thousand Three Five Hundred Seventeen Dollars ($22,300.109,517) established as a reserve for furniture, fixtures and equipment on the Premises as required under the Mortgage ("Pledge Agreement"). Said Guaranty and Pledge Agreement shall now become part of the Loan Documents and shall secure the obligations of the Borrower under the Notes and the Loan Documents.