Preview
FILED: NASSAU COUNTY CLERK 06/20/2024 01:16 PM INDEX NO. 610793/2024
NYSCEF DOC. NO. 4 RECEIVED NYSCEF: 06/20/2024
Exhibit C
FILED: NASSAU COUNTY CLERK 06/20/2024 01:16 PM INDEX NO. 610793/2024
NYSCEF DOC. NO. 4 RECEIVED NYSCEF: 06/20/2024
NASSAUCOUNTYCLERK'S OFFICE
COVERPAGE
ENDORSEMENT
Recorded Date: 11-12-2007 Record and Return To:
Recorded Time: 10:15:14 a BERKMANHENOCHPETERSON& PEDDY PC
ATTN GILBERT HENOCHESQ
Liber Book: M 32493 100 GARDENCITY PLAZA
Pages From: 605 GARDENCITY, NY 11530
To: 645
Control
Number: 476
Ref #: CY 047267
Doc Type: M07 MORTGAGE-COMMERCIAL
Location: Section Block Lot Unit
OYSTERBAY (2824) 0011 0000B-00 01091
Consideration Amount: 2,335,000.00
Taxes Total 24,517.50
Recording Totals 158.00
Total Payment 24,675.50
IJC001
NOT BE REMOVED
THIS PAGE IS NOWPART OF THE INSTRUMENTAND SHOULD
MAUREEN O'CONNELL
COUNTYCLERK
1
RAMllillEMIRHHR1RilRHill
2007111200476
FILED: NASSAU COUNTY CLERK 06/20/2024 01:16 PM INDEX NO. 610793/2024
NYSCEF DOC. NO. 4 RECEIVED NYSCEF: 06/20/2024
AND
MORTGAGE
SECURITYAGREEMENT
Dated: November 1, 2007
in theamount of
$2,335,000.00
(the "Mortgage Amount")
From
JERPEASTREALTYLLC
company, having an office at
a NewYork limited liability
126-85 Willets Point Boulevard, Flushing, NewYork 11368
(the "Mortgagor")
To
National Bank of NewYork
City
Association organized
a National Banking
and existing under the laws of the
United States of America having an
office at
York 11354-4112
136-29 38th Avenue, Flushing, New
(the "Mortgagee")
LOCATIONOFPREMISES
Hollow Road, Westbury, NewYork
11590
980 Brush
Tax Map Description
State : NewYork
: Nassau
County
Section : 11
Block : B
Lot : 1091
please return to:
After recording,
BERKMAN,HENOCH,PETERSON& PEDDY,
P.C.
100 Garden City Plaza
Garden City, NewYork 11530
Attention: Gilbert Henoch, Esq.
wpd 31.2007(1 53pm)\pmt
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FILED: NASSAU COUNTY CLERK 06/20/2024 01:16 PM INDEX NO. 610793/2024
NYSCEF DOC. NO. 4 RECEIVED NYSCEF: 06/20/2024
m
RECITAL
premises described in Schedule A and has
The Mortgagor is the owner of the him
evidenced by his note, dated the date hereof,
obligating
borrowed the Mortgage Amount as amendments
with any modifications and/or
the Mortgage Amount. The note,
together
to pay the payment thereof,
"Note". In order to secure the
referred to as the
thereof, is hereinafter
Mortgage.
Mortgagor has duly executed this
CERTAINDEFINITIONS
that, unless the
context otherwise specifies
The Mortgagor and the Mortgagee agree such definitions to be
have the meanings herein specified,
or requires, the following terms shall
singular and to the plural forms of such terms.
applicable equally to the
"Chattels" appliances, apparatus, equipment,
means all fixtures, fittings,
articles of personal property,
and replacements thereof owned by
machinery and
placed upon or
time hereafter affixed to, attached to,
Mortgagor, now or at any comfortable use, enjoyment,
with the complete and
used in any way in connection Premises.
the Improvements of the
occupancy or operation of
Default" means the events and circumstances described as such
"Events of
in Section 2.01 hereof.
who have guaranteed the payment
"Guarantor" means the party or parties
of the Note.
"Improvements" structures and buildings, and replacements
means all
located upon the Premises by the Mortgagor, including
now or hereafter
nature
and fixtures of every kind and
thereof,
all plant equipment, apparatus, machinery
part of said structures
and/or buildings.
whatsoever forming
"Intangibles" such quoted term is
intangibles"
(as
means all "general
premises are
the state wherein the
Code of
defmed in the Uniform Commercial which
the Improvements and
in any way relating to the Premises and/or
located) books and records
trade names, good will and
the Mortgagor owns, all licenses, Premises or any part
operated or to be operated on
the
relating to the business or to
the Mortgagor, and all unearned premiums, accrued, accruing
thereof by Mortgagor
policies now or hereafter obtained by the
accrue under all insurance
defmed, and all rights and
interest
Mortgaged Property, as hereinafter
insuring the
of Mortgagor thereunder.
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Rate" means an interest rate of 21% per annum after an
§,l "Involuntary
Event of Default under this Mortgage.
"Premises" means the premises described in Schedule A hereto, including
royalties and appurtenances
privileges,
all of the air space, easements, rights,
anywise appertaining, and all of the estate, right, title,
thereunto belonging or in
the Mortgagor therein and in
the streets,
claim or demandwhatsoever of
interest,
in possession or expec-
alleys adjacent thereto, either at law or in equity,
and ways
now or hereafter acquired.
tancy,
set forth
are not defined above have the meaning
All terms of this Mortgage which
in this Mortgage.
GRANTINGCLAUSE
of the premises and inorder
in consideration
NOW,THEREFORE,the Mortgagor, and any other sums payable
the principal of the Note and the interest
to secure payment of both provisions
this Mortgage and the
performance and observance of all the
thereon, and/or under Mortgagee pursuant
payment of any sums advanced by the
hereof and of the Note including the referred to as the
of such obligations are hereinafter
to this Mortgage (collectively, all
conveys,
sells, warrants, remises, releases,
"Indebtedness"), hereby gives, grants, bargains, confirms unto the
sets over and
transfers, mortgages, hypothecates, deposits, pledges,
assigns, of the following
title to and under any and all
and interest in,
Mortgagee all its estate, right,
hereafter acquired:
(the "Mortgaged Property"), whether now ownedor held or
described property
(a) the Premises;
(b) the Improvements;
(c) the Chattels;
(d) the Intangibles;
of any of the
all proceeds of the conversion, voluntary or involuntary,
(e)
without limitation, proceeds of hazard and title
liquidated claims, including,
foregoing into cash or
insurance and condemnation awards;
entered into and all
and lettings of the Premises now or
hereafter
all leases
(f)
without limitation, cash or
and interest of the Mortgagor thereunder,
including,
right, title obligations
the lessees of their
securities deposited thereunder to secure performance by
the expiration of the terms of such
or securities are to be held until
thereunder, whether such cash prior to the
of rent coming due immediately
leases or applied to one or more
of the installments
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Mortgagor's right to possess and apply such cash or
of such terms, subject to the
expiratio,
further, the right, upon the happening of an
to an Event of Default, including,
securities prior
the rent thereunder.
Event of Default, to receive and
collect
and assigns
the Mortgagee, its successors
TO HAVEANDTO HOLDunto Premises to its and
the Improvements now or hereafter erected on the
together with all Mortgagor
forever,
the Indebtedness is paid in full. And also the
their own proper use and behoof until
successors and
the said Mortgagee, its
does for successors and assigns, covenant with
its Premises in fee
presents it is well seized of the
itself,
of these
assigns, that at and
until the ensealing from all
right to bargain and sell the
same and that the same are free
simple, and has good
the title policy insuring
listed as exceptions to title in
encumbrances whatsoever except such as are
"Permitted Encumbrances").
the lien of this Mortgage (the
paid in full, the Mortgagor does by
And furthermore, until the Indebtedness is
Premises
forever to warrant and defend the
these presents bind itself and its successors and assigns claims and
the Mortgagee, its successors
and assigns, against all
described in Schedule A to
mentioned herein.
demands whatsoever except as
ARTICLE I
OFTHE
PARTICULARCOVENANTS
MORTGAGOR
General Representations. Covenants and Warranties
Section 1.01
represents and warrants that: (a) it has a good and marketable title
The Mortgagor
no lien, charge or encumbrance, except
an indefeasible in the Premises subject to
fee estate
to
insuring the lien of this Mortgage; (b)
as exceptions to title in the title policy
such as are listed
liens and claims; (c) this
Mortgage is and will remain
it will own the Chattels free and clear of exceptions
lien on the Mortgaged Property
subject only to the
and enforceable first
a valid the Note have been duly
to above; (d) the execution
and delivery of this Mortgage and further
referred
there is no provision in any document requiring
authorized by the Mortgagor and that existing and
other or person; (e) it is duly organized, validly
consent for such action by any entity
as the case may
formation or incorporation,
in under the laws of the state of its
good standing approvals and
is
registrations, permits and/or
all necessary licenses,
authorizations,
be; (f) it has (i) conducted
to own its properties and carry on its business as presently
full power and authority
under, this Mortgage
(ii)
of and performance of its obligations
and the execution and delivery by
it
default under any provisions of any
Note not result in the Mortgagor being in
and the will
Mortgagor is a party or which
other agreement to which
document or of any mortgage, credit or preserve such title, and
Premises, or any part thereof; (g) it will
Mortgagor or the
affects the forever warrant and defend the
same to the Mortgagee, and will
forever warrant and defend the persons and parties whomsoever;
and of the lien hereof against the claims of all
indebtedness evidenced by the Note
validity priority (said
and each guarantor (if any) of the
(h) the
Mortgagor
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is now able to meet its
and severally as the "Guarantor")
guarantoijs) herein referred to jointly and no bankruptcy
value of its assets exceeds
its liabilities,
market
debts as they mature, the fair or against the
Mortgagor or the
proceedings are pending or contemplated by
or insolvency Mortgagor and the Guarantor
statements and other data furnished by the
Guarantor; (i) all reports, complete in all material
evidenced the Note are true and correct and
the loan by the statements
in connection with necessary to make
omit state any fact or circumstance
respects and do not to proceedings pending, or to the
there are no actions, suits, or
contained therein not misleading; (j) the Mortgagor or the
Guarantor or
against or affecting
knowledge of the Mortgagor threatened, utilities
water facilities and any other necessary
gas, sewer,
the Mortgaged Property; (k)
electric, service the Mortgaged
available in sufficient capacity to
times hereafter shall be, service by
are, and at all to the furnishing of such utility
satisfactorily, and any easements necessary the Mortgagor and
Property where necessary, duly recorded; (1)
obtained and,
the Mortgagor have been instrument evidencing or securing any
not in default under the terms of any event
the Guarantor are
respectively, and there has occurred no
Mortgagor or the Guarantor,
indebtedness of the instrument with the
constitute a default under any such
uncorrected,
which would, if uncured or
passage of time or both.
giving of notice,
.
Further Assurances
Section 1.02
and without expense to the
Mortgagor at the sole cost of the Mortgagor,
The will,
acts, deeds,
all and every such
further
execute,
acknowledge and deliver assurances as the
Mortgagee, do,
assignment, transfers and
mortgages, assignments, notices of assigning,
conveyances, the better assuring, conveying,
time require, for
Mortgagee shall from time to conveyed or
and rights hereby
and confirming unto the Mortgagee the property hereafter
transferring
so to or which the Mortgagor may be or may
assigned or intended now or
hereafter be, intention or
for carrying out the
or assign to the Mortgagee, or
become bound to convey or for filing, registering or recording
the performance of the terms of this Mortgage, Mortgagee to
facilitating
execute and deliver, and hereby authorizes the
this Mortgage and, on demand,
will
do so, one or more
the Mortgagor to
the extent it may lawfully
execute and file in the name of instruments to evidence more
chattel mortgages or comparable security
financing statements, or any part thereof.
the Mortgaged Property
effectively the lien hereof upon
Section 1.03 Lien Upon Chattels and Intangibles
Section 1.03.1 Filing of Liens
execution and delivery of this Mortgage, and
The Mortgagor forthwith upon the
instrument creating a lien
will cause this Mortgage and any security
thereafter from time to time,
and/or the Intangibles and each instrument of
hereof upon the Chattels
or evidencing the lien
and/or recorded in such
manner and in such places as may
be registered
further assurance to filed,
order to publish notice of
and fully to protect the lien
or future law in
be required by any present Mortgagee in, the Mortgaged
Property. The obligations
interest of the
hereof upon, and the
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FILED: NASSAU COUNTY CLERK 06/20/2024 01:16 PM INDEX NO. 610793/2024
NYSCEF DOC. NO. 4 RECEIVED NYSCEF: 06/20/2024
survive discharge of this
to this Mortgage in Section 1.03.2 shall
assumed i y Mortgagor pursuant
Mortgage.
Section 1.03.2 Fees and Expenses
expenses
registration or recording fees, and all
The Mortgagor pay all filing,
will
mortgage supplemental
acknowledgment of this Mortgage, any
incident to the execution and and any instrument
the Intangibles,
instrument with respect to the Chattels or
hereto, any security and all federal, state,
Chattels or the Intangibles, and any instrument of further assurance,
of the assessments and charges
and municipal stamp taxes and other taxes, duties, impositions,
county or
execution and delivery of the Note or the recording
out of or in connection with the with
arising supplemental hereto, any security instrument
enforcement of this Mortgage or any mortgage assurance. Mortgagor
Intangibles or any instrument of further
respect to the Chattels and/or the
lawful attorney to act in Mortgagor's
further hereby irrevocably
appoints Mortgagee its true and
questionnaires, notices of sale or other
any and all returns,
name and stead in completing the payment of any
connection with any such transfer or
documents which may be required in
such transfer tax or other tax.
Section 1.04 Payment of Money Due
principal and interest and all other sums to
The Mortgagor punctually pay the
will
coin
of the Note at the time and place
and in the manner specified in any
become due in respect payment shall be legal
of America which at the time of such
or currency of the United States and interes