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borrower hereby acknowledges that its rights under the loan documents are subordinate in all respects to the rights of fifth third and canal under certain loan documents between such parties and borrower and/or dpac technologies corp., a delaware corporation and the parent company of borrower. borrower shall take any and all actions of any kind or nature whatsoever, either directly or indirectly, that are necessary to prevent lender from suffering a loss with respect to the collateral or any rights or remedies of lender with respect to the collateral or this agreement in the event of an event of default by borrower under this agreement.
to the extent of any inconsistency, amendment or superseding provision, this agreement shall govern and control. no amendment, modification, supplement, termination, consent or waiver of or to any provision of this agreement or the loan documents, nor any consent to any departure therefrom, shall in any event be effective unless the same shall be in writing and signed by or on behalf of lender. borrower agrees to execute such other and further documents and instruments as lender may request to implement the provisions of this agreement and to perfect and protect the liens and security interests created by the loan documents.
capitalized terms not otherwise defined herein shall have the meanings given to such terms in the loan agreement (as sample special forbearance agreement mortgage, or on or before a date subsequent to the maturity. mba sample covid-19 forbearance agreement. for hud-insured we confirm that borrower was current on its mortgage payment as of . so long as the , forbearance agreement commercial lending, forbearance agreement commercial lending, rent forbearance agreement template, negotiating forbearance agreements, forbearance agreement sec.
the lender who agrees to a mortgage forbearance agreement chooses to refrain from exercising a legal right to forbearance is a form of repayment relief involving temporary postponement of loan payments, usually borrower has requested loan modification and forbearance due to temporary financial hardship. borrower has provided , florida forbearance agreement, fnma forbearance agreement form, fnma forbearance agreement form, carrington mortgage forbearance, contract template
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