Common use of State Specific Requirements Clause in Contracts

State Specific Requirements. THE LOAN EVIDENCED BY THIS AGREEMENT DOES NOT SECURE PROPERTY LOCATED IN THE STATE OF FLORIDA. THIS AGREEMENT WAS EXECUTED IN THE STATE OF FLORIDA. ACCORDINGLY, DOCUMENTARY STAMP TAX IN THE AMOUNT OF $2,450 WILL BE PAID BY TRANSFEREE TO THE FLORIDA DEPARTMENT OF REVENUE UPON EXECUTION AND DELIVERY OF THIS AGREEMENT.

Appears in 2 contracts

Sources: Assumption Agreement, Assumption Agreement (CNL Healthcare Properties, Inc.)