Document ID: 16697

Text:
| (2)| Loan Document Status . Each related Mortgage Note, Mortgage , Assignment of Leases (if a separate instrument), guaranty and other agreement executed by or on behalf of the related Mortgagor, guarantor or other obligor in connection with such Mortgage Loan is the legal, valid and binding obligation of the related Mortgagor, guarantor or other obligor (subject to any non- recourse provisions contained in any of the foregoing agreements and any applicable state anti-deficiency or market value limit deficiency legislation), as applicable, and is enforceable in accordance with its terms, except (i) as such enforcement may be limited by (a) bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws affecting the enforcement of creditors rights generally and (b) general principles of equity (regardless of whether such enforcement is considered in a proceeding in equity or at law) and (ii) that certain provisions in such Loan Documents (including, without limitation, provisions requiring the payment of default interest, late fees or prepayment/yield maintenance fees, charges and/or premiums) are, or may be, further limited or rendered unenforceable by or under applicable law, but (subject to the limitations set forth in clause (i) above) such limitations or unenforceability will not render such Loan Documents invalid as a whole or materially interfere with the Mortgagees realization of the principal benefits and/or security provided thereby (clauses (i) and (ii) collectively, the Standard Qualifications). ---|---|---

Named Entities:

Tokenized Text:
|
(
2
)
|
Loan
Document
Status
.
Each
related
Mortgage
Note
,
Mortgage
,
Assignment
of
Leases
(
if
a
separate
instrument
)
,
guaranty
and
other
agreement
executed
by
or
on
behalf
of
the
related
Mortgagor
,
guarantor
or
other
obligor
in
connection
with
such
Mortgage
Loan
is
the
legal
,
valid
and
binding
obligation
of
the
related
Mortgagor
,
guarantor
or
other
obligor
(
subject
to
any
non
-
recourse
provisions
contained
in
any
of
the
foregoing
agreements
and
any
applicable
state
anti-deficiency
or
market
value
limit
deficiency
legislation
)
,
as
applicable
,
and
is
enforceable
in
accordance
with
its
terms
,
except
(
i
)
as
such
enforcement
may
be
limited
by
(
a
)
bankruptcy
,
insolvency
,
fraudulent
transfer
,
reorganization
,
moratorium
or
other
similar
laws
affecting
the
enforcement
of
creditors
rights
generally
and
(
b
)
general
principles
of
equity
(
regardless
of
whether
such
enforcement
is
considered
in
a
proceeding
in
equity
or
at
law
)
and
(
ii
)
that
certain
provisions
in
such
Loan
Documents
(
including
,
without
limitation
,
provisions
requiring
the
payment
of
default
interest
,
late
fees
or
prepayment
/
yield
maintenance
fees
,
charges
and
/
or
premiums
)
are
,
or
may
be
,
further
limited
or
rendered
unenforceable
by
or
under
applicable
law
,
but
(
subject
to
the
limitations
set
forth
in
clause
(
i
)
above
)
such
limitations
or
unenforceability
will
not
render
such
Loan
Documents
invalid
as
a
whole
or
materially
interfere
with
the
Mortgagees
realization
of
the
principal
benefits
and
/
or
security
provided
thereby
(
clauses
(
i
)
and
(
ii
)
collectively
,
the
Standard
Qualifications
)
.
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