Common use of Extension and Modification Clause in Contracts

Extension and Modification. Clause A on the first page of the Mortgage is hereby superseded, restated and replaced by the following: A. In consideration for a revolving line of credit in the maximum amount of Fifteen Million Dollars ($15,000,000.00) (the "Loan") made by Mortgagee to Borrower, Borrower has executed and delivered to Mortgagee a certain Consolidated Revolving Mortgage Note dated August ___, 1995, in the maximum principal amount of the Loan as aforesaid, payable in full as to principal and accrued interest on July 1, 1997 (the "Note");

Appears in 1 contract

Sources: Future Advance, Mortgage, Assignment and Financing Statement Extension, Modification and Spreader Agreement (Oriole Homes Corp)

Extension and Modification. Clause A on the first page of the Mortgage is hereby superseded, restated and replaced by the following: A. In consideration for a revolving line of credit in the maximum amount of Fifteen Ten Million Dollars ($15,000,000.0010,000,000.00) (U.S.) (the "Loan") made by Mortgagee to Borrower, Borrower has executed and delivered to Mortgagee a certain Renewal Amended and Extended Consolidated Revolving Mortgage Note dated August ___as of July 1, 19951997, in the maximum principal amount of the Loan as aforesaid, payable in full as to principal and accrued interest on July 1June 30, 1997 1999 (the "Note");

Appears in 1 contract

Sources: Mortgage and Loan Modification and Extension Agreement (Oriole Homes Corp)