4.7 SR 05-17-2021 - Laserfiche WebLink

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Assignment of Rents and Security Agreement and Fixture Financing Statement, dated as of the date hereof (the "First Amendment to Mortgage"), between the Borrower and the Lender, which amends and supplements the Original Mortgage (collectively, the "Amendment Documents"). D. To continue to secure the Loan and to evidence the amendment to the Loan and the Amendment Documents, the Borrower has agreed to execute and deliver to the Lender this First Amendment to Loan Agreement. NOW, THEREFORE, to induce the Lender to amend the terms of the Loan and the Original Loan Agreement, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 1. Amount and Purpose of the Loan. Section 1 of the Original Loan Agreement is hereby deleted and replaced in its entirety with the following: 1. Amount and Purpose of Loan. Borrower agrees to take and Lender agrees to make a loan in the principal amount of One Hundred Forty -Six Thousand Two Hundred Fifty -Three and 78/I00s Dollars ($146,253.78) (the "Loan") to be advanced in a single disbursement as hereinafter provided, the Loan to be evidenced by the Amended and Restated Note and secured by the First Amendment to Security Agreement, the Amended and Restated Personal Guaranties, the First Amendment to Mortgage, the Amended and Restated Entity Guaranty and any other security document required under this Agreement. The Loan proceeds will be used only towards the cost of Borrower's relocation to and acquisition and renovation of an existing building located on the Loan Property. 2. Defined Terms. The meanings of the defined terms set forth in the Original Loan Agreement are hereby amended as follows: a. The term "Loan Agreement" shall mean the Original Loan Agreement as amended by the First Amendment to Loan Agreement. b. The term "Security Agreement" shall mean the Original Security Agreement as amended by the First Amendment to Security Agreement. c. The term "Note" shall mean the Original Note as amended and restated by the Amended and Restated Promissory Note. d. The term "Mortgage" shall mean the Original Mortgage as amended by the First Amendment to Mortgage. e. The term "Entity Guaranty" shall mean the Original Entity Guaranty as amended and restated by the Amended and Restated Entity Guaranty. f. The term "Personal Guaranties" shall mean the Original Personal Guaranties as amended and restated by the Amended and Restated Personal Guaranties. Fees and Costs. The Borrower agrees to pay all costs related to the refinancing of the Loan and any documents executed, delivered, and recorded, if necessary, in connection thereto. EL 185\40\721009.v 1