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R98-41 AUTHORIZING LOAN AGREEMENT
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R98-41 AUTHORIZING LOAN AGREEMENT
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Last modified
4/12/2016 11:58:02 AM
Creation date
4/12/2016 11:58:00 AM
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Resolution/Ordinance
Res Ord Num
R98-41
Res Ord Title
AUTHORIZING LOAN AGREEMENT - ONE MAIN PLACE
Approved Date
3/30/1998
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�z f, . <br /> � ' <br /> r ' <br /> t " <br /> �8� <br /> certified copies of such corporate documents as Decatur shall <br /> reasonably request. <br /> 3 . 2 Opinion. Counsel for Cardwell, Heavner, Handegan & <br /> Scott, shall have furnished to Decatur their favorable opinion, <br /> in form and content satisfactory to Decatur and its counsel, <br /> dated the date of this Agreement, as to the matters referred to <br /> in Article IV of this Agreement. <br /> 3 . 3 Securitv Instruments. Cardwell or the Land Trustee, as <br /> appropriate, shall have executed and delivered to Decatur: <br /> (i) The Mortgage, subject only to Permitted <br /> Encumbrances identified in Exhibit B; <br /> (ii) A Collateral Assignment of Leases and Rents on <br /> the real property. <br /> 3 . 4 Other Matters. All matters incidental to the execution <br /> and delivery of this Agreement, the Note, the Additional <br /> Documents, and all action required by this Agreement, shall be <br /> satisfactory to Decatur and to its counsel in all respects, and <br /> this Agreement shall be in full force and effect. <br /> ARTICLE IV = Representations and Warranties <br /> 4 . 1 Cardwell makes the following representations and <br /> warranties, which shall be deemed to be continuing <br /> representations and warranties so long as the Note and any other <br /> indebtedness of Cardwell to Decatur, including indebtedness for <br /> fees and expenses, remain unpaid. <br /> 4 . 1. 1 Valid and Bindina Obligations. This Agreement, the <br />
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