LLC RESOLUTION (Mortgage)
State of New York Title No._______________
County of ________
The undersigned, the secretary of ____________________________________, a ____________ Limited Liability Company (hereinafter LLC)
DOES HEREBY CERTIFY:
1. At a meeting of the members of the above mentioned LLC, duly called and held this day at which a quorum was present and acted throughout, unanimously adopted the following resolution, which has not been modified or rescinded:
RESOLVED, that the LLC execute and deliver to
Or to any other person or corporation a mortgage covering the property owned by said LLC located at
Such mortgage to be for the sum of $__________________ to secure payment of a note of the LLC, bearing even date therewith, conditioned for the payment of said sum, with interest thereon, that said note and mortgage be in such form and contain such interest rate or rates, time of payment, including installment payments, and such other terms, provisions, conditions, stipulations and agreements as the officer of the corporation executing the same may deem proper and advisable; and that the members of the LLC be and each of them hereby is authorized to execute and deliver such note and mortgage and such other instruments as such officer may deem proper and advisable and to affix the seal of the LLC thereto or that ______________________ is appointed authorized signatory and has full authority to execute any and all documents to effectuate the same.
2. Neither the Articles of Organization nor the Operating Agreement contain any special requirement as to the number of members required to pass such resolution.
3. The Operating Agreement of the LLC does not require any vote or consent of members to authorize the making of such mortgage.
4. This certificate is made and delivered in order to induce ________________________, as policy issuing agent for Stewart Title Insurance Company to issue a policy of title insurance, insuring to such lender the validity and priority of such mortgage.
IN WITNESS WHEREOF, the undersigned has hereto affixed his/her hand and seal of the above mentioned corporation this _________ day of _____________, 20____.
State of New York )
County of ____________ )
On the __________ day of ____________________ in the year ____________ before me, the undersigned, personally appeared _______________________, personally known to me or proved to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within instrument and acknowledge to me that he/she/they executed the same in his/her/their capacity(ies), and that by his/her/their signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument.
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