COMMERCIAL MORTGAGECommercial Mortgage • June 26th, 2008 • Sun Communities Inc • Real estate investment trusts • Michigan
This COMMERCIAL MORTGAGE dated as of _____________, 2008 (the "Mortgage"), is executed by SUN LAKEVIEW LLC, a Michigan limited liability company, whose address is 27777 Franklin Road, Suite 200, Southfield, Michigan 48034 (the “Mortgagor”), to and for the benefit of LASALLE BANK MIDWEST NATIONAL ASSOCIATION, a national banking association, whose address is 2600 West Big Beaver Road, Troy, Michigan 48084, its successors and assigns (the “Bank”).
PROMISSORY NOTEPromissory Note • June 26th, 2008 • Sun Communities Inc • Real estate investment trusts
FOR VALUE RECEIVED, APPLE ORCHARD, L.L.C., a Michigan limited liability company; SUN LAKEVIEW LLC, a Michigan limited liability company; and SUN TAMPA EAST, LLC, a Michigan limited liability company (collectively, the “Borrower”), hereby promises to pay to the order of LASALLE BANK MIDWEST NATIONAL ASSOCIATION, a national banking association (the “Bank”), at its principal office in Troy, Michigan, on or before the Maturity Date (as defined in the hereinafter referred to Loan Agreement), the principal amount of TWENTY SEVEN MILLION and 00/100 DOLLARS ($27,000,000.00), in accordance with the terms and provisions of that certain Loan Agreement dated as of ____________, 2008, executed by and among the Borrower and the Bank (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”). Capitalized words and phrases not otherwise defined herein shall have the meanings assigned thereto in the Loan Agreement.
CONTINUING UNCONDITIONAL GUARANTYContinuing Unconditional Guaranty • June 26th, 2008 • Sun Communities Inc • Real estate investment trusts • Michigan
This CONTINUING UNCONDITIONAL GUARANTY dated as of _______________, 2008 (the "Guaranty"), is executed by SUN COMMUNITIES OPERATING LIMITED PARTNERSHIP, a limited partnership, whose address is 27777 Franklin Road, Suite 200, Southfield, Michigan 48034 (the “Guarantor”), to and for the benefit of LASALLE BANK MIDWEST NATIONAL ASSOCIATION, a national banking association, whose address is 2600 West Big Beaver Road, Troy, Michigan 48084 (the “Bank”).
LOAN AGREEMENT dated as of June 20, 2008 by and between APPLE ORCHARD, L.L.C., a Michigan limited liability company SUN LAKEVIEW LLC, a Michigan limited liability company SUN TAMPA EAST, LLC, a Michigan limited liability company as Borrowers and...Loan Agreement • June 26th, 2008 • Sun Communities Inc • Real estate investment trusts • Michigan
This LOAN AGREEMENT dated as of June 20, 2008 (the “Agreement”), is executed by and among APPLE ORCHARD, L.L.C., a Michigan limited liability company; SUN LAKEVIEW LLC, a Michigan limited liability company; and SUN TAMPA EAST, LLC, a Michigan limited liability company (collectively, the “Borrower”) and LASALLE BANK MIDWEST NATIONAL ASSOCIATION, a national banking association (the “Bank”).
ASSIGNMENT OF LEASES AND RENTSAssignment of Leases and Rents • June 26th, 2008 • Sun Communities Inc • Real estate investment trusts
This ASSIGNMENT OF LEASES AND RENTS dated as of ___________, 2008 (the “Assignment”), is executed by APPLE ORCHARD, L.L.C., a Michigan limited liability company, whose address is 27777 Franklin Road, Suite 200, Southfield, Michigan 48034 (the “Mortgagor”), to and for the benefit of LASALLE BANK MIDWEST NATIONAL ASSOCIATION, a national banking association, whose address is 2600 West Big Beaver Road, Troy, Michigan 48084, its successors and assigns (the “Bank”).
OPEN-END MORTGAGE, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FINANCING STATEMENT (Maximum unpaid indebtedness, exclusive of interest and protective advances, not to exceed $27,000,000.00) made by APPLE ORCHARD, L.L.C., a Michigan...Security Agreement • June 26th, 2008 • Sun Communities Inc • Real estate investment trusts • Ohio
This OPEN-END MORTGAGE dated as of June 20, 2008 (the "Mortgage"), is executed by APPLE ORCHARD, L.L.C., a Michigan limited liability company, whose address is 27777 Franklin Road, Suite 200, Southfield, Michigan 48034 (the “Mortgagor”), to and for the benefit of LASALLE BANK MIDWEST NATIONAL ASSOCIATION, a national banking association, whose address is 2600 West Big Beaver Road, Troy, Michigan 48084, its successors and assigns (the “Bank”).
ENVIRONMENTAL INDEMNITY AGREEMENTEnvironmental Indemnity Agreement • June 26th, 2008 • Sun Communities Inc • Real estate investment trusts
This ENVIRONMENTAL INDEMNITY AGREEMENT dated as of _____________, 2008 (the "Agreement"), is executed by APPLE ORCHARD, L.L.C., a Michigan limited liability company, whose address is 27777 Franklin Road, Suite 200, Southfield, Michigan 48034 (the “Mortgagor”), and SUN COMMUNITIES OPERATING LIMITED PARTNERSHIP, a limited partnership, whose address is 27777 Franklin Road, Suite 200, Southfield, Michigan 48034 (the “Guarantor;” the Mortgagor and the Guarantor being referred to herein collectively as the "Indemnitor"), to and for the benefit of LASALLE BANK MIDWEST NATIONAL ASSOCIATION, a national banking association, whose address is 2600 West Big Beaver Road, Troy, Michigan 48084, its successors and assigns (the “Bank”).
