Collateral Notes. Borrower shall cause to be delivered to Credit Union or its designated agent or set aside in a secure location designated by Credit Union (who shall hold each Collateral Note for the benefit of Credit Union) (1) each Collateral Note, together with an allonge thereto payable to the order of Credit Union in form and content satisfactory to Credit Union, and (2) an assignment in blank relating to each Mortgage and the other recorded Collateral Loan Documents, in form and content satisfactory to Credit Union.
Appears in 3 contracts
Sources: Loan Agreement (Ministry Partners Investment Company, LLC), Loan and Security Agreement (Ministry Partners Investment Company, LLC), Loan and Security Agreement (Ministry Partners Investment Company, LLC)