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from Forest Vista Mobile Home Community LLC-pedestrian sidewalk easement
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from Forest Vista Mobile Home Community LLC-pedestrian sidewalk easement
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5/25/2010 3:21:03 PM
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11/26/2024 9:27:12 AM
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La Porte TX
Document Type
Easements
Date
5/17/2010
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<br />CONSENT OF SECURITY AGREEMENT HOLDER TO RIGHT OF WAY /EASEMENT <br /> <br />WHEREAS, US Bank National Association (as successor to State Street Bank and Trust <br />Company), as trustee for the registered holders of Chase Manhattan Bank First Union National <br />Bank Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series <br />1999-1 (hereinafter referred to as the "Lender") is the current holder of that certain Deed of <br />Trust, Assignment of Rents and Security Agreement (hereinafter referred to as the "Security <br />Agreement") from Forest Vista Mobile Home Community, LLC, a Texas limited liability <br />company (hereinafter referred to as the "Borrower") dated June 14, 1999; and <br /> <br />WHEREAS, Borrower, the current owner ofthe property secured by said Security Agreement, <br />has granted certain easements as more particularly described in the Pedestrian Sidewalk <br />Easement recorded immediately prior hereto and to which this Consent of Security Agreement <br />Holder to Right of Way/Easement is attached. <br /> <br />NOW THEREFORE, in consideration of the sum of One ($1.00) Dollar in hand paid to Lender, <br />the receipt and sufficiency of which is hereby acknowledged by Lender, Lender does hereby join <br />in the easement interest conveyed by Borrower, for the purpose of consenting to the grant of said <br />1 easements and for the further purpose of subordinating its security interest in said property to the <br />~~ same. The above-described Security Agreement now held by Lender shall otherwise remain in <br />(111 full force and effect, the subordination herein provided being limited in application to the right of <br />~~ way/easements herein conveyed. <br />I <br />\~ Said subordination shall be binding upon the successors and assigns of Lender. <br />1:1'1 <br />I <br />~"'ll/ [Signature on the following page] <br /> <br />t~l~l <br /> <br />o <br /> <br />I~ <br />~~~ <br /> <br />9143163.1 <br />
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