Forbearance Agreement - Long Format

This Forbearance Agreement is between a borrower and a bank who agrees to postpone exercising its rights and remedies with regard to a default by the borrower. This agreement contains specifics regarding the loan or credit agreement including the unpaid balance, amount of accrued interest and collateral held by the bank in relation to the loan. It also details the amounts that are in default and the extended term of the loan pursuant to this agreement. (continued ...)