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RESOLUTION TO (PURCHASE) (SELL) (MORTGAGE)
(hereinafter “the Company”)
I, the undersigned member of the Company, hereby certify that the Company is validly
existing and is duly organized under the laws of the State of New York. I further certify,
that attached hereto are true and complete copies of the Articles of Organization and
Operating Agreement designated Exhibits 1 & 2.
I further certify that the Resolutions herein below are adopted by the Company pursuant
to the procedures set forth in the Company’s Articles of Organization and/or Operating
IT IS HEREBY RESOLVED that the following persons are empowered to do all acts
necessary (to purchase premises known as
(to sell premises known as
(to borrow money from ______________________________________, (the “Lender”)
and to do all other acts required (to purchase/sell the Premises pursuant to the
Contract of Sale attached hereto as Exhibit 3) (to obtain and maintain said loan as fully
described in the loan documents attached hereto as Exhibit 3).
NAME POSITION SIGNATURE
IT IS FURTHER RESOLVED, that any and all acts authorized pursuant to these
Resolutions are hereby ratified and approved by the Company, that these Resolutions
shall remain in full force and effect and that the Lender may rely on these Resolutions
until such time as written notice of their revocation shall have been received by Lender.
Any such notice shall not affect any of the Company’s agreements or commitments in
effect at the time said notice is given.