TERMS SCHEDULE INVENTORY SECURITY AGREEMENT AND POWER OF ATTORNEYTerms Schedule Inventory Security Agreement and Power of Attorney • March 12th, 2009 • Sun Communities Inc • Real estate investment trusts
This Terms Schedule is incorporated into and made part of a certain Inventory Security Agreement and Power of Attorney between 21st Mortgage Corporation (“Secured Party”) and Sun Home Services, Inc. (“Debtor”) dated March , 2009. The below listed terms have been established for financing your inventory.
INVENTORY SECURITY AGREEMENT AND POWER OF ATTORNEYInventory Security Agreement • March 12th, 2009 • Sun Communities Inc • Real estate investment trusts • Tennessee
TO: 21st MORTGAGE CORPORATION (“Secured Party”), which has its principal place of business at 620 Market Street, Suite 100, Knoxville, Tennessee 37902, as of the date set forth in the final paragraph of this Agreement.
TO: 21ST MORTGAGE CORPORATIONSun Communities Inc • March 12th, 2009 • Real estate investment trusts
This guaranty is to take effect without notice of its acceptance, which notice is hereby waived, and is to be continuing guaranty in full force and effect until the effective date of a written notice of revocation delivered to you either personally or by Registered or Certified mail. It is understood and agreed that the effective date of any revocation shall be 90 days after your receipt of such notice, and that such revocation shall not discharge the obligation of the undersigned guarantor with respect to indebtedness incurred by the principal debtor prior to said effective date of revocation.
