MORTGAGE SPLITTER AGREEMENT

AGREEMENT made this       day of      , 20     , by and between      , with an address of

      ( a domestic corporation organized and existing under the laws of the State of New York

having an office at      ) (hereinafter “Mortgagor”), and      , a bank organized and existing

under the laws of the State of New York and having a principal place of business at      

(hereinafter “Mortgagee”).

WHEREAS, the Mortgagee is the holder of a certain Note dated       executed by       in the

sum of $      the “Note”) secured by the Mortgage(s) described on Schedule A hereto (the

“Mortgage”), upon which Mortgage there is now due and owing the principal sum of $     , with

interest thereon pursuant to said Note; and

for other good and valuable consideration, the adequacy and receipt of which is hereby

acknowledged, it is agreed as follows:

1.The aforesaid Mortgage, now a lien on Parcels A, B     , be and the same is hereby

severed, split and divided so that the same shall hereafter constitute but one first

mortgage lien securing the principal sum of $      and interest upon Parcel A only; one

first mortgage lien securing the principal sum of $     and interest upon Parcel B only;

(add statement for each additional Parcel).

2.In consideration of the severing, splitting and division of the Mortgage as herein

provided, the Mortgagor does hereby represent, warrant, covenant and agree as

follows:

c)(Continue for each additional Parcel)

d)That all the terms, conditions and/or provisions of said Notes and mortgages, except

as herein modified and amended, shall remain in full force and effect and shall be

binding until further modified by subsequent agreement between Mortgagor and

Mortgagee.

IN WITNESS WHEREOF,the Mortgagor and Mortgagee have caused this instrument to be duly

executed as of the day and year first above written.

MORTGAGORMORTGAGEE

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ACKNOWLEDGEMENTS

personally knownto meor proved tome on the basis of satisfactoryevidence, tobe theindividual(s) whose name(s)

is (are) subscribed tothe withininstrument and acknowledged to me that (he) (she) (they) executed the same in (his)

(her)(their)capacity(y)(ies),andthatby(his)(her)(their)signature(s)ontheinstrument,theindividual(s)orthe

person upon behalf of which the individual(s) acted, executed the instrument.

_______________________________

Notary Public

Acknowledgement taken outside New York State

*STATE OF      

COUNTY OF      , ss:

* (or insert District of Columbia, Territory, Possession or Foreign Country)

(addthecityorpoliticalsubdivisionandthestateorcountryorotherplacetheacknowledgment

was taken).

_______________________________

Notary Public

Acknowledgement by Subscribing Witness taken in New York State

STATE OF NEW YORK

COUNTY OF      , ss:

Onthe     dayof     ,intheyear20     ,beforemetheundersigned,personallyappeared     the

subscribing witness to the foregoing instrument, with whom I am personally acquainted, who being by me duly sworn,

did depose andsay, that(he) (she) (they)reside(s)in     ;that (he) (she)(they)know(s)     tobetheindividual