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6A4 revised/draft
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01-24-13
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6A4 revised/draft
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Amendment thereto dated as of December 28, 2010 and Fourth Amendment thereto dated as of <br />August 4, 2011, made by and among Lessee (as successor to I" Source and Center), Jenna Hotel <br />Investments, LLC (as successor to Rahn Properties II, South Bend Joint Venture and Host Hotels <br />& Resorts, LP), and Landlord. <br />4 -9-17. No FHA. By its acceptance of this letter agreement, Lender represents to <br />Landlord that the RBS Mortgage is not insured by the FHA, and Landlord hereby acknowledges <br />that for so long as the RBS Mortgage is not insured by the FHA, the FHA shall not have any <br />right to a new ground lease under such Section 1401 or any other rights under the Ground Lease. <br />Any rights of FHA provided for in the Ground Lease shall belong to Lender (for so long as the <br />RBS Mortgage is not insured by the FHA). <br />2&18. No Bonds. Landlord hereby certifies for the benefit of Lender that there are no <br />outstanding bonds or other similar long -term obligations issued by the Landlord or any related <br />governmental subdivision, agency or authority with respect to the Premises. <br />21 GenderAnation and r a n a SE) long as the Loan, of <br />the seour-ed by the RBS Me—gaeg-ef-effl.-ains Outstanding and unpaid and the RBS <br />Mei4gagee --_—ains ef F-eeafd, 44 the sake ef elafifying the intent of Seetiens 1102 and 1103 of <br />the Gfeund Lease; Landlord and Lessee aeknowledge that afty and all eendemnation PFOeeedS; <br />shall fifst be paid to Lender to he applied to the festeration and Feplaeefnent of the Prefflises a <br />the imprAvements in neeordanee with the temis of the Gfound Lease and the RBS Wi4gage te <br />the extent that the Grou"d Lease is not teFminated and that stteh restefatien and replaeement i <br />peffnittej under eaeb of the Ground Lease and the RBS Wf4gage, and then (or to the extent t <br />the Greand Lease is terminated of that the fefegoing is nat so pemiitted) to the pa��ent in full -af <br />2-2-.19. Reliance. Landlord agrees that this letter agreement may be relied upon by <br />Lender, its successors and assigns and any nationally recognized statistical rating agency rating <br />any securities issued in connection with the Loan or any portion thereof, and that Lender is an <br />intended third party beneficiary hereof. Lender agrees that this letter agreement m aybe relied <br />upon by Landlord its successors and assigns and that Landlord is an intended third part_ <br />beneficiary hereof. This letter agreement shall inure to the benefit of Lender, its successors and <br />assigns (including, without limitation, each and every owner and holder of the Loan and each <br />person who may succeed to Lessee's interest under the Ground Lease) and shall be binding on <br />Landlord, its heirs, legal representatives, successors and assigns. This letter agreement shall inure <br />to the benefit of Landlord its successors and assigns and shall be binding on the Lender, its legal <br />representatives, successors and assigns. No consent of Landlord shall be required to any <br />assignment of the Loan or any portion thereof by Lender or any of its successors or assigns. No <br />consent of Lender shall be required to any assignment of the Ground Lease or any portion <br />thereof by Landlord or any of its successors or assigns Landlord and the persons executing this <br />certificate on behalf of Landlord have the power and authority to execute this letter agreement. <br />Lender and the persons executing this certificate on behalf of Lender have the power and <br />authority to execute this agreement. <br />Error! Unknown document property name. <br />DOS #3806964 -V3 <br />
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