BUSINESS LOAN. BORROWER REPRESENTS AND AGREES THAT THE OBLIGATIONS
SECURED HEREBY CONSTITUTE A BUSINESS LOAN WITHIN THE PURVIEW OF PARAGRAPH 1(C)
OF SECTION 4 OF THE ILLINOIS INTEREST ACT, 815 ILCS 205/1 ET SEQ., AS AMENDED,
TRANSACTED SOLELY FOR THE PURPOSE OF CARRYING ON OR ACQUIRING THE BUSINESS OF
BORROWER, AND ALSO CONSTITUTES A LOAN SECURED BY A MORTGAGE WHICH COMES WITHIN
THE PURVIEW OF SUBPARAGRAPH 1(L) OF SAID SECTION.
(F)
MATURITY DATE. THE MATURITY DATE OF THE LOAN IS THE PAYMENT DATE
OCCURRING IN AUGUST, 2011.
(G)
MORTGAGEE-IN-POSSESSION. IN ADDITION TO ANY PROVISION OF THIS
SECURITY INSTRUMENT AUTHORIZING LENDER TO TAKE OR BE PLACED IN POSSESSION OF THE
PREMISES, OR FOR THE APPOINTMENT OF A RECEIVER, LENDER SHALL HAVE THE RIGHT, IN
ACCORDANCE WITH SECTIONS 5/15-1701 AND 5/15-1702 OF THE IMFL, TO BE PLACED IN
POSSESSION OF THE PREMISES OR AT ITS REQUEST TO HAVE A RECEIVER APPOINTED, AND
SUCH RECEIVER, OR LENDER, IF AND WHEN PLACED IN POSSESSION, SHALL HAVE, IN
ADDITION TO ANY OTHER POWERS PROVIDED IN THIS SECURITY INSTRUMENT, ALL POWERS,
IMMUNITIES AND DUTIES AS PROVIDED FOR IN SECTIONS 2/15-1701 AND 5/15-1702 OF THE
IMFL.
(H)
INSURANCE. NOTWITHSTANDING THE PROVISIONS OF ARTICLE III HEREOF,
IF BORROWER FAILS TO PROVIDE LENDER EVIDENCE OF THE INSURANCE COVERAGES REQUIRED
PURSUANT TO THE PROVISIONS OF THIS SECURITY INSTRUMENT, LENDER MAY PURCHASE SUCH
INSURANCE AT BORROWER'S EXPENSE TO COVER LENDER'S INTEREST IN THE PREMISES. THE
INSURANCE MAY, BUT NEED NOT, PROTECT BORROWER'S INTEREST. THE COVERAGES THAT
LENDER PURCHASES MAY NOT PAY ANY CLAIM THAT BORROWER MAKES OR ANY CLAIM THAT IS
MADE AGAINST BORROWER IN CONNECTION WITH THE PREMISES. BORROWER MAY LATER CANCEL
ANY INSURANCE PURCHASED BY LENDER BUT ONLY AFTER PROVIDING LENDER WITH EVIDENCE
THAT BORROWER HAS OBTAINED SUCH INSURANCE AS REQUIRED PURSUANT TO ARTICLE III OF
THIS SECURITY INSTRUMENT. IF LENDER PURCHASED INSURANCE FOR THE PREMISES,
BORROWER WILL BE RESPONSIBLE FOR THE COSTS OF SUCH
111
INSURANCE, INCLUDING, WITHOUT LIMITATION, INTEREST AND ANY OTHER CHARGES WHICH
LENDER MAY IMPOSE IN CONNECTION WITH THE PLACEMENT OF THE INSURANCE, UNTIL THE
EFFECTIVE DATE OF THE CANCELLATION AND THE EXPIRATION OF THE INSURANCE. THE COST
OF THE INSURANCE MAY BE ADDED TO THE DEBT. THE COST OF THE INSURANCE MAY BE MORE
THAN THE COST OF THE INSURANCE BORROWER MAY BE ABLE TO OBTAIN ON ITS OWN.
*
*
*
*
*
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IN WITNESS WHEREOF, Borrower has duly executed this Security Instrument the day
and year first above written.
Borrower's
BORROWER:
Organizational
Identification Number:
ONE FINANCIAL PLACE PROPERTY LLC,
4136784
a Delaware limited liability company
By:
BCSP IV Illinois Manager LLC,
a Delaware limited liability company,
its manager
By:
BCSP IV U.S. Investments, L.P.,
a Delaware limited partnership,
its sole member
By:
BCSP REIT IV, Inc.,
a Maryland corporation,
its general partner
By:
Name: Nancy J. Broderick
Title: Managing Director
ACKNOWLEDGEMENT
COMMONWEALTH OF MASSACHUSETTS
)
) ss
COUNTY OF SUFFOLK
)
Then personally appeared before me, on the
day of
, 2006, the above
named Nancy J. Broderick,