Mortgage, Assignment of Leases and Rents, Security Agreement, Financing Statement, and Fixture Filing (Commercial Real Estate Loan) (Pro-Lender Short Form) (with Loan Agreement) (IL) | Practical Law

Mortgage, Assignment of Leases and Rents, Security Agreement, Financing Statement, and Fixture Filing (Commercial Real Estate Loan) (Pro-Lender Short Form) (with Loan Agreement) (IL) | Practical Law

A 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 owned by the borrower in Illinois. It is for a term loan that has been fully advanced at closing. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both lenders and borrowers.

Mortgage, Assignment of Leases and Rents, Security Agreement, Financing Statement, and Fixture Filing (Commercial Real Estate Loan) (Pro-Lender Short Form) (with Loan Agreement) (IL)

by Mark C. Simon, Katten Muchin Rosenman LLP, with Practical Law Real Estate
Maintained • Illinois
A 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 owned by the borrower in Illinois. It is for a term loan that has been fully advanced at closing. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both lenders and borrowers.