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Document Preview Deed of Trust and Security Agreement |
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Title: |
Deed of Trust and Security Agreement |
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Entities: |
Glimcher Realty Trust; Lehman Brothers Bank; Stroock & Stroock & Lavan |
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Date: |
2002 |
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Size: |
Preview shows 7KB of 134KB total |
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Price: |
$56 |
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ID: |
#845630 |
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SHADY SPRINGS PLAZA, LLC,
a Delaware limited liability company, as
trustor, having its principal place of business at 20 South Third
Street, Columbus, Ohio 43215
(Borrower)
To
CHARLES W. LOEB, JR., as trustee,
having an office at 1600 Laidley Tower, P.O. Box 553,
Charleston, West Virginia 25322
(Trustee)
for the benefit of
LEHMAN BROTHERS BANK, FSB, as beneficiary,
having an address at Three World Financial Center, 200 Vesey Street,
New York, New York 10285
(Lender)
--------------------------
DEED OF TRUST AND SECURITY AGREEMENT
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Dated: As of August 2, 2001
Location: Shady Springs Plaza
Beaver, West Virginia
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RECORDING REQUESTED BY AND WHEN RECORDED PLEASE RETURN TO:
Stroock & Stroock & Lavan, LLP
180 Maiden Lane
New York, New York 10038
Attention: Oumar Diop
This instrument is filed for recordation in the Real Estate Records as a fixture
filing pursuant to West Virginia Code Section 46-9-502.
{PAGE}
TABLE OF CONTENTS
{TABLE}
Article 1 - GRANTS OF SECURITY
{S} {C} {C}
Section 1.1 PROPERTY GRANTED............................................................ 2
Section 1.2 ASSIGNMENT OF RENTS......................................................... 5
Section 1.3 SECURITY AGREEMENT.......................................................... 5
Section 1.4 FIXTURE FILING.............................................................. 6
Section 1.5 PLEDGES OF MONIES HELD...................................................... 6
Article 2 - DEBT AND OBLIGATIONS SECURED
Section 2.1 DEBT........................................................................ 7
Section 2.2 OTHER OBLIGATIONS........................................................... 7
Section 2.3 DEBT AND OTHER OBLIGATIONS.................................................. 7
Article 3 - BORROWER COVENANTS
Section 3.1 PAYMENT OF DEBT............................................................. 7
Section 3.2 INCORPORATION BY REFERENCE.................................................. 7
Section 3.3 INSURANCE................................................................... 7
Section 3.4 MAINTENANCE OF PROPERTY..................................................... 8
Section 3.5 WASTE....................................................................... 8
Section 3.6 PAYMENT FOR LABOR AND MATERIALS............................................. 8
Section 3.7 PERFORMANCE OF OTHER AGREEMENTS............................................. 9
Section 3.8 CHANGE OF NAME, IDENTITY OR STRUCTURE....................................... 9
Article 4 - OBLIGATIONS AND RELIANCES
Section 4.1 RELATIONSHIP OF BORROWER AND LENDER......................................... 9
Section 4.2 NO RELIANCE ON LENDER....................................................... 9
Section 4.3 NO LENDER OBLIGATIONS....................................................... 9
Section 4.4 RELIANCE................................................................... 10
Article 5 - FURTHER ASSURANCES
Section 5.1 RECORDING OF SECURITY INSTRUMENT, ETC...................................... 10
Section 5.2 FURTHER ACTS, ETC.......................................................... 10
Section 5.3 CHANGES IN TAX, DEBT, CREDIT AND DOCUMENTARY STAMP LAWS.................... 11
Section 5.4 SPLITTING OF MORTGAGE...................................................... 11
Section 5.5 REPLACEMENT DOCUMENTS...................................................... 12
{/TABLE}
-i-
{PAGE}
{TABLE}
Article 6 - DUE ON SALE/ENCUMBRANCE
{S} {C} {C}
Section 6.1 LENDER RELIANCE............................................................ 12
Section 6.2 NO SALE/ENCUMBRANCE........................................................ 12
Section 6.3 SALE/ENCUMBRANCE DEFINED................................................... 12
Section 6.4 LENDER'S RIGHTS............................................................ 13
Article 7 - RIGHTS AND REMEDIES UPON DEFAULT
Section 7.1 REMEDIES................................................................... 15
Section 7.2 APPLICATION OF PROCEEDS.................................................... 19
Section 7.3 RIGHT TO CURE DEFAULTS..................................................... 19
Section 7.4 ACTIONS AND PROCEEDINGS.................................................... 19
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