Common use of Assumption of Loan Clause in Contracts

Assumption of Loan. New Borrower hereby assumes the indebtedness due under the Note, the Loan and all of Original Borrower’s other obligations, as grantor, mortgagor, borrower, assignor, trustor, indemnitor, guarantor, or maker, as the case may be, under the Loan Documents to the same extent as if New Borrower had signed such instruments. New Borrower agrees to comply with and be bound by all the terms, covenants and agreements, conditions and provisions set forth in the Loan Documents.

Appears in 4 contracts

Samples: Assumption Agreement, Assumption Agreement (Independence Realty Trust, Inc), Note and Deed of Trust Assumption Agreement (Hines Global REIT, Inc.)

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Assumption of Loan. New Borrower hereby assumes the indebtedness due under the Note, the Loan and all of Original Borrower’s 's other obligations, as grantor, mortgagor, borrower, assignor, trustor, indemnitor, guarantor, or maker, as the case may be, under the Loan Documents to the same extent as if New Borrower had signed such instruments. New Borrower agrees to comply with and be bound by all the terms, covenants and agreements, conditions and provisions set forth in the Loan Documents.

Appears in 2 contracts

Samples: Note and Deed of Trust Assumption Agreement (Cole Credit Property Trust II Inc), Note and Deed of Trust Assumption Agreement (Cole Credit Property Trust II Inc)

Assumption of Loan. New Borrower hereby assumes the indebtedness due under the NoteNote (as defined in Exhibit B attached hereto), the Loan and all of Original Borrower’s other obligations, as grantor, mortgagor, borrower, assignor, trustor, indemnitor, guarantor, or maker, as the case may be, under the Loan Documents to the same extent as if New Borrower had signed such instruments. New Borrower agrees to comply with and be bound by all the terms, covenants and agreements, conditions and provisions set forth in the Loan Documents.

Appears in 2 contracts

Samples: Assumption Agreement, Assumption Agreement (TNP Strategic Retail Trust, Inc.)

Assumption of Loan. New Borrower hereby assumes the indebtedness due under the Note, the Loan and all of Original Borrower’s other obligations, as grantor, mortgagor, borrower, assignor, trustor, indemnitor, guarantor, or maker, as the case may be, under the Loan Documents Documents, as amended hereby, to the same extent as if New Borrower had signed such instruments. New Borrower agrees to comply with and be bound by all the terms, covenants and agreements, conditions and provisions set forth in the Loan Documents.and

Appears in 2 contracts

Samples: Note and Mortgage Assumption Agreement, Note and Mortgage Assumption Agreement (American Realty Capital Healthcare Trust Inc)

Assumption of Loan. New Borrower hereby assumes the indebtedness due under the NoteNote (as defined in Exhibit B attached hereto), the Loan and all of Original Current Borrower’s other obligations, as grantor, mortgagor, borrower, assignor, trustor, indemnitor, guarantor, or maker, as the case may be, under the Loan Documents to the same extent as if New Borrower had signed such instruments. New Borrower agrees to comply with and be bound by all the terms, covenants and agreements, conditions and provisions set forth in the Loan Documents.

Appears in 1 contract

Samples: Assumption Agreement (Alexander & Baldwin, Inc.)

Assumption of Loan. New Borrower hereby assumes the indebtedness due under the NoteNote (as defined in Exhibit B attached hereto), the Loan and all of Original Current Borrower’s other obligations, as grantor, mortgagor, borrower, assignor, trustor, indemnitor, guarantor, or maker, as the case may be, under the Loan Documents to the same extent as if New Borrower had signed such instruments. New Borrower agrees to comply with and be bound by all the terms, covenants and agreements, conditions and provisions set forth in the Loan Documents.. 2.2

Appears in 1 contract

Samples: Note and Mortgage Assumption Agreement

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Assumption of Loan. New Borrower hereby assumes the indebtedness due under the Note, the Loan and all of Original Borrower’s other obligations, as grantor, mortgagor, borrower, assignor, trustor, indemnitor, guarantor, or maker, as the case may be, under the Loan Documents to the same extent as if New Borrower had signed such instruments. New Borrower agrees to comply with and be bound by all the terms, covenants and agreements, conditions and provisions set forth in the Loan Documents.

Appears in 1 contract

Samples: Assumption Agreement (Lodging Fund REIT III, Inc.)

Assumption of Loan. New Borrower hereby assumes the indebtedness due under the Note, the Loan and all of Original Borrower’s 's other obligations, as grantor, trustor, mortgagor, borrower, assignor, trustor, indemnitor, guarantor, trustor or maker, as the case may be, under the Loan Documents to the same extent as if New Borrower had signed such instruments, rather than Original Borrower. New Borrower agrees to comply with and be bound by all the terms, covenants and agreements, conditions and provisions set forth in the Loan Documents.

Appears in 1 contract

Samples: Note and Mortgage Assumption Agreement (Acadia Realty Trust)

Assumption of Loan. New Borrower hereby assumes the indebtedness due under the Note, the Loan and all of Original Borrower’s 's other obligations, as grantor, mortgagor, borrower, assignor, trustor, indemnitor, guarantor, or maker, as the case may be, under the Loan Documents to the same extent as if New Borrower had signed such instruments. New Borrower agrees to comply with and be bound by all the terms, covenants and agreements, conditions and provisions set forth in the Loan DocumentsDocuments applicable to the Borrower thereunder.

Appears in 1 contract

Samples: Assumption Agreement (Bluerock Residential Growth REIT, Inc.)

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