MORTGAGE AND SECURITY AGREEMENTMortgage and Security Agreement • October 10th, 2013 • Griffin Land & Nurseries Inc • Real estate
THIS MORTGAGE AND SECURITY AGREEMENT (this “Mortgage”) made this 26th day of August, 2014, but effective as of August 28th, 2013, by RIVERBEND BETHLEHEM HOLDINGS I LLC, a limited liability company, organized under the law of Pennsylvania and having its principal place of business at c/o Griffin Land & Nurseries, Inc., 204 West Newberry Road, Bloomfield, Connecticut 06002 (“Mortgagor”) to FIRST NIAGARA BANK, N.A., a national banking association with a banking office at 726 Exchange Street, Buffalo, NY 14210, Attention: Commercial Loan Administration and any affiliate of the First Niagara Financial Group, Inc. (“Mortgagee”).
TERM NOTE (LIBOR SWAP TRANSACTION)Term Note • October 10th, 2013 • Griffin Land & Nurseries Inc • Real estate • Connecticut
FOR VALUE RECEIVED, and intending to be legally bound RIVERBEND BETHLEHEM HOLDINGS I LLC, a limited liability company organized under the laws of the Commonwealth of Pennsylvania, with a mailing address at c/o Griffin Land & Nurseries, Inc., 204 West Newberry Road, Bloomfield, Connecticut 06002 (the “Borrower”), promises to pay to FIRST NIAGARA BANK, N.A., a national banking association with a banking office at P.O. Box 28, Buffalo, NY 14240-0028 (together with its successors and assigns, “Lender”) or order, on or before September 1, 2023 (“Maturity”), the principal sum of Nine Million One Hundred Thousand and 00/100 Dollars ($9,100,000.00), together with interest thereon (the “Loan”), until paid in full.
