HomeMy WebLinkAbout01-0724 PAIITIE~
D~bt~ name Ilast name first if individual} and mailing address:
SFN PA, LLC
c/o ASC Corp~
326 Third Street
Lakewood, New Jersey 08701
J~J~h31' name jlast name first if indJ~dual} and mailing address:
name {last name first if individual) and mailing address:
lb
· J~P~ll~ name(s}(lasfname firstifindi~dual) and
addressforsecuri~interestinformation:
GM-~C COMMERCIAL MORTGAGE CORPORATION
200 Witmsr Road
Horsham, Pennsylvania 19044
A~lgnll~(i) of SeounKI l~iy name(s) (last name first if
individual) and address for security interest information:
Sin"Id T~I~ ~t PclI~Jl J Check if opp~c able):
~e terms "Debtor" and "Secured Po~" mean "Lessee"
and "Lessor", respective~.
~e terms "Debtor" and "Secured PO~" mean
"Consignee" and "CansignoP', respective~.
~Debfo~ is a TransmJtfin~ UtJJi~, 3
I~UR~ PA~ ~NA~R~I)
box{es){-
~ of the Debtor.
b. ~as to which the filing has I~psed.
c. already subject fo a secu~ interest in ~ ~m~ in
Pennsylvania -
~when the ~ w~ ~ fo this count,
~ lo this count,
d. already subject fo a sec~i~ interest in ~J~
~when the c~ w~ ~ fo Pennsylv~ia,
~when the ~ I~ w~ ~ lo Pennsyl~nia.
e. ~which is ~ of the collateral described in block
in ~ich ~ securi~ interest was pre~ous~ perfecfed
descdbe proceeds in block 9, if purchased with cash
proceeds and not adequofe~ described on the
FINANCING ~TATF~EII~,,
Uniform Cdmmer~i~
IMPalAS- Please re~in~J~ti0Hs,bBf~ e~tinq
~ N~ ~st~mped by fiiJng o~cer): ~e, ~, ~lng ~ (stomped by filing officer}
~he Fi~n~n~ ~ is presented for filing pursuant to the Uniform Commercial
Code and is to be flied with the {check applicable box).
J--Jsecretary of the Commonwealth.
J~'JProthonotary of Cu~erland Count.
~real estate Records of_ _ . . Count.
N~~ ~ (if ~nv)
O~1 ~M I~J~/Max. ~0 characfersk
COl ~ ATE~L
Idenfi~ coiloferol by if em ond/or
See Exhibit B attached hereto and made a part hereof, which said
property is located on the real property described on Exhibit A,
attached hreto and made a part hereof.
J--J/check only if desired) Products of the collateral are also covered. 9
Ider41ly ir~ ~ ~dl if applicable. The collateral is, of includes {check
appropriate box{es) -
a. J'=lc:~J growing or to be grown on -
b. J-Jgoods which are or are to become I~ on -
c. r'Jm#~l~ or the like (including oil and gasJ as extracted on -
d. []a~¢~s r~J~411~ ~ Ihs ~o of mh~l~I' or the like (including oil and gas) at
the wellhead or mineheod on -
the following real estate:
J3Cl~lJJ~l ¢~, Book of {check one) J~Deeds J'-JMorlgages, at Page(s).__
for County. Uniform Parcel Identifier
r'JDescribed on Additional Sheet.
Name of ~ ~v~ (required only if no Debtor has on interest of record):
DE~rOR IIGNATORB'$!
Debtor Signature(s):
] See signature page attached hereto
10
Ja
lb
adequotelydesc~bed onthe originalfinancingstatement. R~URN RECEIPTTO:
Robert ~. ~emp~d, ES~, (g?2OOZ/~O)
S4,c:urecIPa/h,~gf14:ih~e(~ Sill~ C~mmia Rodin Tischman Epstein & Grass
(Requ~ed onNifboxJe$)ischecked above}: One Riverfront Plaza
Newark, New Jersey 07~02-S400
Approved by the Secretary of the Commonnvealth of Pennsylvania
12
SIGNATURE PAGE TO UNIFORM COMMF~RCIAL CODE FINANCING
STATEMENT BETWEEN GMAC COM/W~RCIAL MORTGAGE CORPORATION
AND SFN PA, LLC
DEBTOR:
SFN PA, LLC,
a Pennsylvania limited liability company
By: SFN Management, Inc.,
a Pennsylvania corporation,
its manager
By: D~tein
President
EXHIBIT A
(Description of Land)
342779 2
HILLSIDE CORPORATE CENTER
ALL THAT PIECE of property situate in Lower Allen Township, Cumberland County,
Commonwealth of Pennsylvania, being Lot #C-4, shown in Final Subdivision Plan of Tracts
"B' & "C" (Lots B-5, C-4) of a portion of"Rossmoyne Industrial Park", prepared
February 17, 1989, revised March 24, 1989, by J. Michael Brill & Associates, Inc., for Smith
Land & Improvement Corporation, the Plan being recorded May 2, 1989, in Cumberland
County Court House in Plan Book 58, Page 1. The Lot is bounded and described as follows:
BEGINNING at a point on the southern right-of-way line of"Louise Drive" (a 60 foot right-
of-way) said point being located and referenced in a southwesterly direction from the
centerline intersection of"Ritter Road" and "Louise Drive", the following three (3) courses
and distances:
I, From said intersection along an arc of a curve, curving to the left, having a
radius of 1780.14 feet, an arc length of 145o70 feet to a point;
2. Thence along the same South 51 degrees 50 minutes 23 seconds West a distance
of 1165.11 feet to a point;
Thence South 38 degrees 09 minutes 37 seconds East a distance of 30.00 feet to a
point on the southern right-of-way line of"Louise Drive~' to the point of
beginning;
THENCE from said point of beginning along existing Lot #C-2, South 38 degrees 09
minutes 37 seconds East a distance of 460.00 feet to a point;
THENCE along lands now or late of Daniel Ritter and being the southerly side of a 150 foot
buffer zone South 51 degrees 50 minutes 23 seconds West a distance of 513.61 feet to a
point;
THENCE along existing Lot #D-4 North 44 degrees 46 minutes 38 seconds West a distance
of 463.08 feet to a point on the southern right-of-way line of"Louise Drive";
THENCE along the southern right-of-way line of "Louise Drive" North 51 degrees 50
minutes 23 seconds East a distance of 566.98 feet to a point, the place of BEGINNING.
EXHIBIT B
Financing Statement between GMAC COIvlMERCI~ MORTGAGE CORPORATION.
as Secured Party, and SFN PA. LLC. as Debtor.
This financing statement covers all right, title and interest of Debtor in and to the
following described real and other property, together with all substitutions for and all
replacements, reversions and remainders of such property and all appurtenances and additions
thereto, whether now owned or hereafter acquired by Debtor (collectively, the "Property"):
(1) Fixtures and Personal Property. All machinery, equipment, fixtures
(including, but not limited to, all heating, air conditioning, plumbing, lighting,
communications and elevator fixtures) and other property of every kind and nature
whatsoever owned by Debtor, or in which Debtor has or shall have an interest, now or
herea~er located upon the land more particulariy described in Exhibit A annexed hereto
(the "Land") and the buildings, structures, fixtures, additions, enlargements, extensions.
modifications, repairs, replacements and improvements now or hereafter erected or
located on the Land (the "Improvements") or appurtenant thereto, and usable in
connection with the present or future operation and occupancy of the Land and the
Improvements and all building equipment, materials and supplies of any nature whatsoever
owned by Debtor. or in which Debtor has or shall have an interest, now or hereafter
located upon the Land and the Improvements, or appurtenant thereto, or usable in
connection with the present or future operation and occupancy of the Land and the
Improvements (collectively, the "Personal Prooertv"), and the right, title and interest of
Debtor in and to any of the Personal Property which may be subject to any security
interests, as defined in the Uniform Commemial Code, as adopted and enacted by the state
or states where any of the Property is located (the "Uniform Commercial Code"), superior
in lien to the lien of the security agreement and all proceeds and products of the above:
(2) Leases and Rents. All leases and other agreements affecting the use,
enjoyment or occupancy of the Land and the Improvements heretofore or hereat~er
entered into, whether before or at, er the filing by or against Debtor of any petition for
relief under 11 U.S.C. §I01 et seq. (the "Bankruptcy Code"), as the same may be
amended from time to time (the "Leases") and all right, title and interest of Debtor, its
successors and assigns therein and thereunder, including, without limitation, cash or
securities deposited thereunder to secure the performance by the lessees of their
obligations thereunder and all rents, additional rents, revenues, issues and profits
(including all oil and gas or other mineral royalties and bonuses) from the Land and the
Improvements whether paid or accruing before or after the filing by or against Debtor of
any petition for relief under the Bankruptcy Code (the "Rents") and all proceeds from the
sale or other disposition of the Leases and the right to receive and apply the Rents to the
payment of the Debt, as defined in the security agreement, including without limitation the
indebtedness owed by Debtor to Secured Party;
(3) Condemnation Awards. All awards or payments, including interest
thereon, which may heretofore and hereafter be made with respect to the Property,
whether from the exercise of-the right of eminent domain (including but not limited to any
transfer made in lieu of or in ~mticipation of the exercise of the right), or for a change of
grade, or for any other injury, to or decrease in the value of the Property;
(4) Insurance Proceeds. All proceeds of and any unearned premiums on any
insurance policies coveting the Property, including, without limitation, the right to receive
and apply the proceeds of any insurance, judgments, or settlements made in lieu thereof,
for damage to the Property;
(5) Tax Certiorari. All refunds, rebates or credits in connection with a
reduction in real estate taxes and assessments charged against the Property as a result of
tax certiorari or any applications or proceedings for reduction:
(6) Conversion. All proceeds of the conversion, voluntary or involuntary, of
any of the foregoing including, without limitation, proceeds of insurance and
condemnation awards, into cash or liquidation claims;
(7) Agreements. All agreements, contracts, certificates, instruments,
franchises, permits, licenses, plans, specifications and other documents, now or hereafter
entered into, and all tights therein and thereto, respecting or pertaining to the use,
occupation, construction, management or operation of the Land and any part thereof and
any Improvements or respecting any business or activity conducted on the Land and any
part thereof and all right, title and interest of Debtor therein and thereunder;
(8) Trademarks. All accounts, escrows, chattel paper, claims, deposits, trade
names, trademarks, servicemarks, logos, copyrights, goodwill books and records and all
other general intangibles specific to or used in connection with the operation of the
Property, if any; and
(9) Other Rights. Any and all other tights of Debtor in and to the items set
forth in Subsections (1) through (8) above; and
(10) Replacements, etc. All extensions, improvements, betterments, renewals,
substitutes and replacements of, and all additions and appurtenances to, the Property, and
in such case, the foregoing shall be deemed a part of the Property and shall become
subject to the lien of the security agreement as fully and completely, and with the same
priority and effect, as though now owned by Debtor and specifically described herein,
without any further mortgage, conveyance, assignment, securiW agreement, financing
statement or other act by Debtor.
342779.2
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