SEC Contract Filing

Filing Date: 2015-01-30

Document Content:
<DOCUMENT>
<TYPE>EX-10.9
<SEQUENCE>10
<FILENAME>exhibit109indemnityandguar.htm
<DESCRIPTION>EXHIBIT 10.9
<TEXT>
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 <title>Exhibit 10.9 Indemnity and Guaranty Agreement - IMH Holdings 2, LLC</title>
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<a name="s5B1732BC2BA6537534F436D8C478D849"></a><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.9</font></div></div><br><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">INDEMNITY AND GUARANTY AGREEMENT <br>(IMHFC REO and Loan Portfolio (Loan #2))</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">THIS INDEMNITY AND GUARANTY AGREEMENT </font><font style="font-family:inherit;font-size:12pt;">(this &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;), made as of January 23, 2015, by IMH SPECIAL ASSET NT 175-IGH, LLC, an Arizona limited liability company (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">IMH 175</font><font style="font-family:inherit;font-size:12pt;">&#8221;), AZ-HAVASU, LLC, an Arizona limited liability company (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">AZ Havasu</font><font style="font-family:inherit;font-size:12pt;">&#8221;), AZ-HAVASU SN 2.08, LLC, an Arizona limited liability company (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">AZ 2.08</font><font style="font-family:inherit;font-size:12pt;">&#8221;), AZ-HAVASU GOLDEN VALLEY, LLC, an Arizona limited liability company (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">AZ Golden Valley</font><font style="font-family:inherit;font-size:12pt;">&#8221;), AZ-HAVASU KINGMAN, LLC, an Arizona limited liability company (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">AZ Kingman</font><font style="font-family:inherit;font-size:12pt;">&#8221;), NM EMERALD, LLC, a New Mexico limited liability company (&#8220;NM Emerald&#8221;), IMH SPECIAL ASSET NT 118, LLC, an Arizona limited liability company (&#8220;IMH</font><font style="font-family:inherit;font-size:12pt;">&#32;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">118</font><font style="font-family:inherit;font-size:12pt;">&#8221;), IMH SPECIAL ASSET NT 176, LLC, an Arizona limited liability company (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">IMH 176</font><font style="font-family:inherit;font-size:12pt;">&#8221;), IMH SPECIAL ASSET NT 162, LLC, an Arizona limited liability company (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">IMH 162</font><font style="font-family:inherit;font-size:12pt;">&#8221;), IMH SPECIAL ASSET NT 194, LLC, an Arizona limited liability company (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">IMH 194</font><font style="font-family:inherit;font-size:12pt;">&#8221;), IMH SPECIAL ASSET NT 102, LLC, an Arizona limited liability company (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">IMH 102</font><font style="font-family:inherit;font-size:12pt;">&#8221;), IMH SPECIAL ASSET NT 228, LLC, an Arizona limited liability company (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">IMH 228</font><font style="font-family:inherit;font-size:12pt;">&#8221;), IMH SPECIAL ASSET NT 198, LLC, an Arizona limited liability company (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">IMH 198</font><font style="font-family:inherit;font-size:12pt;">&#8221;), HEBER 20, LLC, an Arizona limited liability company (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Heber 20</font><font style="font-family:inherit;font-size:12pt;">&#8221;) and IMH FINANCIAL CORPORATION, a Delaware corporation (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">IMH</font><font style="font-family:inherit;font-size:12pt;">&#8221;, and, together with IMH 175, AZ Havasu, AZ 2.08, AZ Golden Valley, AZ Kingman, NM Emerald, IMH 118, IMH 176, IMH 162, IMH 194, IMH 102, IMH 228, IMH 198 and Heber 20, individually, collectively, jointly and severally &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Indemnitor</font><font style="font-family:inherit;font-size:12pt;">&#8221;), whose address is c/o IMH Financial Corporation, 7001 N. Scottsdale Road, Suite 2050, Scottsdale, Arizona 85253, in favor of CALMWATER CAPITAL 3, LLC, a California limited liability company (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Lender</font><font style="font-family:inherit;font-size:12pt;">&#8221;), whose address is 11755 Wilshire Blvd., Suite 1400, Los Angeles, California 90025.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">W I T N E S S E T H :</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, Lender has extended to IMH HOLDINGS 2, LLC, a Delaware limited liability company (&#82