Mortgage, Assignment of Leases and Rents, Security Agreement, Financing Statement, and Fixture Filing (Pro-Lender) (With Loan Agreement) (NY) | Practical Law
A short form of mortgage intended for use in a commercial real estate loan or a corporate credit facility governed by a loan agreement or credit agreement and secured by one or more commercial real properties in New York. It is for a term loan that has been fully advanced at closing. This Standard Document has integrated drafting notes with important explanations and drafting and negotiating tips for both lenders and borrowers.