Sale of premises clause samples

Noninterest income decreased $1.1 million, or 15.7%, to $5.7 million for the nine months ended September30,2020 compared to $6.8 million for the nine months ended September30,2020. The decrease in noninterest income compared to the same period in 2019 was primarily due to a $752,000 decrease in gain on sale of loans, a $376,000 decrease in income in our investment in the SBIC fund and a $212,000 decrease in gains on sale of premises. During the nine months ended September30,2020, the Company sold $15.0 million of SBA loans (the guaranteed portion), which generated a gain on sale of $1.0 million, compared to the sale of $24.3 million of SBA loans and a gain of $1.8 million during the nine months ended September30,2019. These decreases were partially offset by an increase in loan servicing and other loan fees of $482,000, or 35.3%, to $1.8 million for the nine months ended September30,2020, compared to $1.3 million for the nine months ended September30,2019, for the same reasons discussed above. Other noninterest income decreased $171,000, or 20.4%, to $668,000 during the nine months ended September30,2020, compared to $839,000 during the same period in 2019, due primarily to lower fees collected on Certificate of Deposit Account Registry Services, or CDARS, transactions.

42. Sale of Premises. Should Lessor sell, convey or otherwise transfer its interest in the Premises, then Lessor shall have no further liability hereunder, excepting only for any claims of Lessee against Lessor which have arisen prior to the new owner for any subsequent performance due hereunder by the Lessor hereof. Lessee by execution hereof attorns to all such subsequent owners and no such further documents shall be required to effectuate such attornment.