Errors and Omissions Agreement between LMF October 2010 Fund, LLC and IBERIABANK (June 25, 2015)

Borrower:

LMF OCTOBER 2010 FUND, LLC

Lender:

IBERIABANK

302 KNIGHTS RUN AVENUE SUITE 1000

TAMPA BAY MARKET BRANCH

TAMPA, FL 33602

201 NO. FRANKLIN ST., SUITE 100

TAMPA, FL 33602

Summary

This agreement is between LMF October 2010 Fund, LLC (the borrower) and IBERIABANK (the lender) in connection with a $1,800,000 loan dated June 25, 2015. The borrower agrees to cooperate and make any necessary corrections to the loan documents if requested by the lender or its closing agent, to fix clerical errors or ensure the documents meet requirements for selling or transferring the loan. This helps the lender ensure the loan documentation is acceptable for sale or transfer to other entities.

EX-10.17 9 d917042dex1017.htm ERRORS AND OMISSIONS AGREEMENT Errors and Omissions Agreement

Exhibit 10.17

ERRORS AND OMISSIONS AGREEMENT

Principal
$1,800,000.00

Loan Date

06-25-2015

Maturity

12-25-2017

Loan No
5300435163

Call / Coll
4A / 401

Account

Officer

***

Initials

References in the boxes above are for Lender’s use only and do not limit the applicability of this document to any particular loan or item.

Any item above containing “***” has been omitted due to text length limitations.

LOAN NO.: 5300435163

The undersigned Borrower for and in consideration of the above-referenced Lender funding the closing of this loan agrees, if requested by Lender or Closing Agent for Lender, to fully cooperate and adjust for clerical errors, any or all loan closing documentation if deemed necessary or desirable in the reasonable discretion of Lender to enable Lender to sell, convey, seek guaranty or market said loan to any entity, including but not limited to an investor, Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Government National Mortgage Association, Federal Housing Authority or the Department of Veterans Affairs.

The undersigned Borrower does hereby so agree and covenant in order to assure that this loan documentation executed this date will conform and be acceptable in the marketplace in the instance of transfer, sale or conveyance by Lender of its interest in and to said loan documentation.

DATED effective this June 25, 2015

BORROWER:

LMF OCTOBER 2010 FUND, LLC

LM FUNDING, LLC, Manager of LMF OCTOBER 2010 FUND, LLC


By:		/s/ Carollinn Gould
		CAROLLINN GOULD, Manager of LM FUNDING, LLC

Sworn to and subscribed before me this 25^th day of June, 2015.


x		/s/ Margo T. Valenti
		(Notary Public)

My Commission Expires: