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Res 1993-022
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Res 1993-022
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Last modified
7/2/2007 2:58:49 PM
Creation date
7/2/2007 2:58:49 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
1993-22
Date
2/8/1993
Volume Book
109
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<br /> 95 <br /> LANDLORD'S LIMITED SUBORDINATION AGREEMENT <br />STATE OF TEXAS <br />COUNTY OF CALDWELL <br />WHEREAS, City of San Marcos, hereinafter referred to as <br />"Landlord" is the owner of certain real property, hereinafter <br />referred to as "subject property", located at 1807 Airport Drive, <br />San Marcos, Texas 78666; and, <br />WHEREAS, Berry Aviation, Inc., hereinafter referred to as <br />"Tenant", is the tenant of Landlord with respect to the subject <br />property and has placed or may place upon the subject property <br /> ~ <br />certain personal property and/or fixtures owned by said Tenant; <br />and, <br />WHEREAS, Tenant will borrow Thirty-Five Thousand Dollars <br />($35,000) from Cattlemen's State Bank, Loan Number 43661 , the <br />total of which is due and payable within one year, and will give <br />as security therefore a security .interest or other lien upon <br />.- <br />personal property and/or fixtures located upon the subject <br />property; and, <br />WHEREAS, it is the desire of Landlord and Tenant that such a <br />security interest or lien shall be in all things first and prior to <br />any other lien or liens against said property held by Landlord. <br />NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS, that Landlord <br />for and in consideration of One Dollar ($1.00) and other good and <br />valuable consideration, the receipt and sufficiency of which is <br />
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