Common use of INCORPORATION OF ATTACHED EXHIBITS Clause in Contracts

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACE, LLC, a Delaware limited liability company By: Steadfast Income Advisor, LLC, a Delaware limited liability company, its manager By: /s/ Xxxxx X. Keating__________ Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Vice President The following changes are made to the Loan Agreement which precedes this Rider:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACE, LLC, a Delaware limited liability company By: Steadfast Income Advisor, LLC, LLC a Delaware limited liability company, its manager company Manager By: /s/ Xxxxx X. Keating__________ Keating__________(SEAL) Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association Delaware limited liability company By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Demoney___________(SEAL) Xxxxxxx Xxxxxxx Vice President By: /s/ Xxxxx Marrin________________(SEAL) Xxxxx Xxxxxx Director The following changes are made to the Loan Agreement which precedes this Rider: A. Section 4.04 is deleted and replaced with the following:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACEXXXXXX XXXX, LLC, a Delaware limited liability company By: Steadfast Income Advisor, LLC, a Delaware limited liability company, its manager By: /s/ Xxxxx X. Keating__________ Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Vice President The following changes are made to the Loan Agreement which precedes this Rider:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACEXXXXXXXXX LANDING, LLC, a Delaware limited liability company By: Steadfast Income Advisor, LLC, a Delaware limited liability company, its manager Manager By: _/s/ Xxxxx X. Keating_____________ Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: _/s/ Vanessa McKenzieXxxxx X. Tyler_________________ Xxxxxxx XxXxxxxx Xxxxx X. Xxxxx Vice President The following changes are made to the Loan Agreement which precedes this Rider:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X x Exhibit A Description of the Land (required) X x Exhibit B Modifications to Multifamily Loan and Security Agreement X x Exhibit C Repair Schedule of Work X x Exhibit D Repair Disbursement Request (required) x Exhibit E Work Commenced at Mortgaged Property X x Exhibit F Capital Replacements (required) X x Exhibit G Description of Ground Lease X x Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X x Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X x Exhibit J Description of Release Parcel ¨ Exhibit K Reserved ¨ Exhibit L Reserved ¨ Exhibit M Reserved ¨ Exhibit N Reserved X x Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACEBR CXXXXXX XXXXXX, LLC, a Delaware limited liability company By: Steadfast Income Advisor/s/ Jxxxxx Xxxxx Name: Jxxxxx Xxxxx Title: Authorized Signatory JXXXX LANG LASALLE MULTIFAMILY, LLC, a Delaware limited liability company, its manager company By: /s/ Xxxxx Fxxxx X. Keating__________ Xxxxx Xxxxxxxx Fxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Xxxxxxxx Executive Vice President The following changes are made to the Loan Agreement which precedes this Rider: A. Section 4.03 is deleted and replaced with the following:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X x Exhibit A Description of the Land (required) X x Exhibit B Modifications to Multifamily Loan and Security Agreement X x Exhibit C Repair Schedule of Work X x Exhibit D Repair Disbursement Request (required) x Exhibit E Work Commenced at Mortgaged Property X x Exhibit F Capital Replacements (required) X x Exhibit G Description of Ground Lease X x Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X x Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X x Exhibit J Description of Release Parcel ¨ Exhibit K Reserved ¨ Exhibit L Reserved ¨ Exhibit M Reserved ¨ Exhibit N Reserved X x Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACEBR CXXXXXX WORLD GATEWAY, LLC, a Delaware limited liability company By: Steadfast Income Advisor/s/ Jxxxxx Xxxxx Jxxxxx Xxxxx Chief Executive Officer JXXXX LANG LASALLE OPERATIONS, LLCL.L.C., a Delaware an Illinois limited liability company, its manager company By: /s/ Xxxxx Fxxxx X. Keating__________ Xxxxx Xxxxxxxx Fxxxx X. Xxxxxxx Chief Accounting Officer PNC BANKXxxxxxxx Managing Director, NATIONAL ASSOCIATION, a national banking association By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Vice President Capital Markets-Real Estate Investment Banking The following changes are made to the Loan Agreement which precedes this Rider: A. Section 4.04 is deleted and replaced with the following:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit D Repair Disbursement Request (required) X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACESTAR OASIS, LLC, a Delaware limited liability company By: Steadfast Income Apartment Advisor, LLC, a Delaware limited liability company, its manager Manager By: /s/ Xxxxx X. Keating__________ Xxxxxxx Xxxxx X. Xxxxxxx Chief Accounting Officer Treasurer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Xxxxx X. Xxxxx Xxxxx X. Xxxxx Vice President The following changes are made to the Loan Agreement which precedes this Rider: A. Section 4.03 is deleted and replaced with the following:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit D Repair Disbursement Request X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) N X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACESIR SONOMA GRANDE, LLC, a Delaware limited liability company By: Steadfast Income Advisor, LLC, a Delaware limited liability company, its manager Manager By: /s/ Xxxxx X. Keating__________ Xxxxxxx Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Xxxxx X. Xxxxx Xxxxx X. Xxxxx Vice President The following changes are made to the Loan Agreement which precedes this Rider: A. Section 4.04 is deleted and replaced with the following:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X x Exhibit A Description of the Land (required) X x Exhibit B Modifications to Multifamily Loan and Security Agreement X x Exhibit C Repair Schedule of Work X x Exhibit D Repair Disbursement Request (required) x Exhibit E Work Commenced at Mortgaged Property X x Exhibit F Capital Replacements (required) X x Exhibit G Description of Ground Lease X x Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X x Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X ¨ Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACEREMAINDER OF PAGE INTENTIONALLY LEFT BLANK; SIGNATURES ON FOLLOWING PAGES BORROWER: GGT WHITEHALL VENTURE NC, LLC, a Delaware limited liability company By: Steadfast Income Advisor/s/ Xxxxx X. Xxxx (SEAL) Xxxxx X. Xxxx Vice President SIGNATURES CONTINUE ON FOLLOWING PAGE Multifamily Loan and Security Agreement Page 82 LENDER: PRUDENTIAL AFFORDABLE MORTGAGE COMPANY, LLC, a Delaware limited liability company, its manager company By: /s/ Xxxxx Xxxxxxxx X. Keating__________ Xxxxx Xxxxxx Xxxxxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Xxxxxx Assistant Vice President Multifamily Loan and Security Agreement Page 83 RIDER TO MULTIFAMILY LOAN AND SECURITY AGREEMENT REPLACEMENT RESERVE FUND – IMMEDIATE DEPOSITS (Revised 3-1-2014) The following changes are made to the Loan Agreement which precedes this Rider:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACESIR DEER VALLEY, LLC, a Delaware limited liability company By: Steadfast Income Advisor, LLC, a Delaware limited liability company, its manager By: /s/ Xxxxx X. Keating__________ Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Vice President The following changes are made to the Loan Agreement which precedes this Rider:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X x Exhibit A Description of the Land (required) X x Exhibit B Modifications to Multifamily Loan and Security Agreement X x Exhibit C Repair Schedule of Work X x Exhibit D Repair Disbursement Request (required) x Exhibit E Work Commenced at Mortgaged Property X x Exhibit F Capital Replacements (required) X x Exhibit G Description of Ground Lease X x Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X x Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X x Exhibit J Description of Release Parcel ¨ Exhibit K Reserved ¨ Exhibit L Reserved ¨ Exhibit M Reserved ¨ Exhibit N Reserved X x Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACEBR CXXXXXX XXXXXXXX CREEK RANCH, LLC, a Delaware limited liability company By: Steadfast Income Advisor/s/ Jxxxxx Xxxxx Jxxxxx Xxxxx Authorized Signatory CBRE CAPITAL MARKETS, LLCINC., a Delaware limited liability company, its manager Texas corporation By: /s/ Mxxxxx X. Xxxxx Name: Mxxxxx X. Keating__________ Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association ByTitle: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Vice President The following changes are made to the Loan Agreement which precedes this Rider: A. Section 4.03 is deleted and replaced with the following:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit D Repair Disbursement Request (required) Exhibit E Work Commenced at Mortgaged Property X Exhibit ExhiExhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) N X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACEExhibit P Green Improvements Verification Certification Multifamily Loan and Security Agreement Page 111 (Park at Kensington) Multifamily Loan and Security Agreement Page 112 (Park at Kensington) RRE KENSINGTON HOLDINGS, LLC, a Delaware limited liability company By: Steadfast Income Advisor/s/ Xxxx X. Feldman______________(Seal) Name: Xxxx X. Xxxxxxx Title: Chief Executive Officer (Park at Kensington) LENDER: CBRE CAPITAL MARKETS, LLCINC., a Delaware limited liability company, its manager Texas corporation By: /s/ Xxxxx X. Keating__________ Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association By/s/Xxxx Holmes________________(Seal) Name: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Xxxx Xxxxxx Title: Assistant Vice President (Park at Kensington) The following changes are made to the Loan Agreement which precedes this Rider:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X x Exhibit A Description of the Land (required) X x Exhibit B Modifications to Multifamily Loan and Security Agreement X x Exhibit C Repair Schedule of Work X x Exhibit D Repair Disbursement Request (required) x Exhibit E Work Commenced at Mortgaged Property X x Exhibit F Capital Replacements (required) X x Exhibit G Description of Ground Lease X x Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X x Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X x Exhibit J Description of Release Parcel ¨ Exhibit K Reserved Reserved. ¨ Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACEReserved. Brookside CRA-B1, LLC, a Delaware limited liability company By: Steadfast Income AdvisorName: Its: NorthMarq Capital, LLC, a Delaware Minnesota limited liability company, its manager company By: /s/ Xxxxx Name: Xxxx X. Keating__________ Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association ByXxxxxx Its: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Senior Vice President The following changes are made to the Loan Agreement which precedes this Rider:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit D Repair Disbursement Request (required) X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACESTAR DELANO, LLC, a Delaware limited liability company By: Steadfast Income Apartment Advisor, LLC, a Delaware limited liability company, its manager Manager By: /s/ Xxxxx X. Keating__________ Xxxxxxx Xxxxx X. Xxxxxxx Chief Accounting Officer Treasurer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Xxxx Xxxxxx Xxxx Xxxxxx Senior Vice President The following changes are made to the Loan Agreement which precedes this Rider: A. Section 4.03 is deleted and replaced with the following:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work Exhibit D Repair Disbursement Request X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACE, BORROWER: KBS LEGACY PARTNERS POPLAR LLC, a Delaware limited liability company By: Steadfast Income Advisor, KBS Legacy Partners Properties LLC, a Delaware limited liability companycompany Its Sole Member By: KBS Legacy Partners Limited Partnership, its manager a Delaware limited partnership Its Sole Member By: KBS Legacy Partners Apartment REIT, Inc., a Maryland corporation Its Sole General Partner By: /s/ Xxxxx Xxx X. Keating__________ Xxxxx Xxxx Name: Xxx X. Xxxxxxx Chief Accounting Officer PNC BANKXxxx Title: Executive Vice President LENDER: CBRE CAPITAL MARKETS, NATIONAL ASSOCIATIONINC., a national banking association Texas corporation By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Xxx. X. Xxxxxx Name: Xxx. X. Xxxxxx Title: Sr. Vice President President/Controller The following changes are made to the Loan Agreement which precedes this Rider: A. Section 4.04 is deleted and replaced with the following:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit D Repair Disbursement Request (required) X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACEXXXXXXXXXXX VILLAS, LLC, a Delaware limited liability company By: Steadfast Income Advisor, LLC, a Delaware limited liability company, its manager Manager By: _/s/ Xxxxx X. Keating________________ Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: _/s/ Vanessa McKenzieXxxxx X. Tyler___________________ Xxxxxxx XxXxxxxx Xxxxx X. Xxxxx Vice President The following changes are made to the Loan Agreement which precedes this Rider:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit D Repair Disbursement Request (required) X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACESTAR MONTICELLO, LLC, a Delaware limited liability company By: Steadfast Income Apartment Advisor, LLC, a Delaware limited liability company, its manager Manager By: /s/ Xxxxx X. Keating__________ Xxxxx Xxxx X. Xxxxxxx Chief Accounting Officer Xxxx X. Xxxxxxx President PNC BANK, NATIONAL ASSOCIATION, a national banking association By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Xxxx Xxxxxx Xxxx Xxxxxx Senior Vice President The following changes are made to the Loan Agreement which precedes this Rider: A. Section 4.03 is deleted and replaced with the following:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACEXXXXXXX RANCH APARTMENTS, LLC, a Delaware limited liability company By: Steadfast Income Advisor, LLC, a Delaware limited liability company, its manager By: /s/ Xxxxx X. Keating__________ Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Vice President The following changes are made to the Loan Agreement which precedes this Rider: A. Section 4.03 is deleted and replaced with the following:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACEXXXX RANCH, LLC, a Delaware limited liability company By: Steadfast Income Advisor, LLC, a Delaware limited liability company, its manager By: /s/ Xxxxx X. Keating__________ Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Vice President The following changes are made to the Loan Agreement which precedes this Rider:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X x Exhibit A Description of the Land (required) X x Exhibit B Modifications to Multifamily Loan and Security Agreement X x Exhibit C Repair Schedule of Work X x Exhibit E Work Commenced at Mortgaged Property X x Exhibit F Capital Replacements (required) X ¨ Exhibit G Description of Ground Lease X x Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X x Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACE, BORROWER: KBS LEGACY PARTNERS DAKOTA HILL LLC, a Delaware limited liability company By: Steadfast Income Advisor, KBS Legacy Partners Properties LLC, a Delaware limited liability companycompany Its Sole Member By: KBS Legacy Partners Limited Partnership, its manager a Delaware limited partnership Its Sole Member By: KBS Legacy Partners Apartment REIT, Inc., a Maryland corporation Its Sole General Partner By: /s/ Xxxxx Xxx X. Keating__________ Xxxxx Xxxx Name: Xxx X. Xxxxxxx Chief Accounting Officer PNC BANKXxxx Title: Executive Vice President LENDER: CBRE CAPITAL MARKETS, NATIONAL ASSOCIATIONINC., a national banking association Texas corporation By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Xxx X. Xxxxxx Name: Xxx X. Xxxxxx Title: Sr. Vice President President/Controller The following changes are made to the Loan Agreement which precedes this Rider:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit D Repair Disbursement Request X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) N X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACETRAIL CREEK APARTMENTS, LLC, a Delaware limited liability company By: Steadfast Income AdvisorPreferred Apartment Communities Operating Partnership, L.P., a Delaware limited partnership, its Manager By: Preferred Apartment Advisors, LLC, a Delaware limited liability company, its manager Agent By: /s/ Xxxx X. Xxxxxxxx Xxxx X. Xxxxxxxx Chief Executive Officer KEYCORP REAL ESTATE CAPITAL MARKETS, INC., an Ohio corporation By:/s/ Xxxxx X. Keating__________ Xxxxxxxx Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Xxxxxxxx Vice President The following changes are made to the Loan Agreement which precedes this Rider: A. Section 4.04 is deleted and replaced with the following:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACEXXXXXXXXXXX VILLAS, LLC, a Delaware limited liability company By: Steadfast Income Advisor, LLC, a Delaware limited liability company, its manager Manager By: __/s/ Xxxxx X. Keating______________ Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: __/s/ Vanessa McKenzieXxxxx X. Tyler__________________ Xxxxxxx XxXxxxxx Xxxxx X. Xxxxx Vice President The following changes are made to the Loan Agreement which precedes this Rider:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X x Exhibit A Description of the Land (required) X x Exhibit B Modifications to Multifamily Loan and Security Agreement X x Exhibit C Repair Schedule of Work X x Exhibit D Repair Disbursement Request (required) x Exhibit E Work Commenced at Mortgaged Property X x Exhibit F Capital Replacements (required) X x Exhibit G Description of Ground Lease X x Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X x Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X x Exhibit J Description of Release Parcel ¨ Exhibit K Reserved ¨ Exhibit L Reserved ¨ Exhibit M Reserved ¨ Exhibit N Reserved X x Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACEBR CXXXXXX XXXXXX RANCH, LLC, a Delaware limited liability company By: Steadfast Income Advisor/s/ Jxxxxx Xxxxx Name: Jxxxxx Xxxxx Title: Authorized Signatory JXXXX LANG LASALLE MULTIFAMILY, LLC, a Delaware limited liability company, its manager company By: /s/ Xxxxx Fxxxx X. Keating__________ Xxxxx Xxxxxxxx Fxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Xxxxxxxx Executive Vice President The following changes are made to the Loan Agreement which precedes this Rider: A. Section 4.03 is deleted and replaced with the following:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X x Exhibit A Description of the Land (required) X x Exhibit B Modifications to Multifamily Loan and Security Agreement X x Exhibit C Repair Schedule of Work X x Exhibit D Repair Disbursement Request (required) x Exhibit E Work Commenced at Mortgaged Property X x Exhibit F Capital Replacements (required) X x Exhibit G Description of Ground Lease X x Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X x Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X x Exhibit J Description of Release Parcel x Exhibit K Reserved Licenses (required) x Exhibit L Reserved Furniture, Fixtures, Equipment, and Motor Vehicles (required) x Exhibit M Reserved Contracts (required) x Exhibit N Reserved X Material Contracts (required) x Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACEx Exhibit P Other Sponsor Loans SNR 27 ALEXIS GARDENS OWNER LLC, a Delaware limited liability company By: /s/ Xxxxxxx Xxxxx Xxxxxxx Xxxxx Authorized Person XXXXXX & DUNLOP, LLC, a Delaware limited liability company By: Steadfast Income Advisor, LLC, a Delaware limited liability company, its manager By: /s/ Xxxxx X. Keating__________ Xxxxxx Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Xxxxxx Vice President The following changes are made to the Loan Agreement which precedes this Rider:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACEPARK, LLC, a Delaware limited liability company By: Steadfast Income Advisor, LLC, a Delaware limited liability company, its manager By: /s/ Xxxxx X. Keating__________ Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Vice President The following changes are made to the Loan Agreement which precedes this Rider:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X x Exhibit A Description of the Land (required) X x Exhibit B Modifications to Multifamily Loan and Security Agreement X x Exhibit C Repair Schedule of Work X x Exhibit D Repair Disbursement Request (required) ¨ Exhibit E Work Commenced at Mortgaged Property X x Exhibit F Capital Replacements (required) X ¨ Exhibit G Description of Ground Lease X x Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X x Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X ¨ Exhibit J Description of Release Parcel x Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion Licenses (required) XXX XXXXXXXXXX PLACEx Exhibit L Furniture, Fixtures, Equipment, and Motor Vehicles (required) x Exhibit M Contracts (required) x Exhibit N Material Contracts (required) NIC 11 Ashford Court Owner LLC, a Delaware limited liability company By: /s/ Xxxxxxx Xxxxx (Seal) Name: Xxxxxxx Xxxxx Title: Authorized Person XXXXXX & DUNLOP, LLC, a Delaware limited liability company By: Steadfast Income Advisor, LLC, a Delaware limited liability company, its manager By: /s/ Xxxxx X. Keating__________ XxXxxxx (Seal) Name: Xxxxx X. Xxxxxxx Chief Accounting XxXxxxx Title: Senior Closing Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Vice President The following changes are made to the Loan Agreement which precedes this Rider:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit D Repair Disbursement Request (required) X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACESTAR KENSINGTON, LLC, a Delaware limited liability company By: Steadfast Income Apartment Advisor, LLC, a Delaware limited liability company, its manager Manager By: /s/ Xxxxx X. Keating__________ Xxxxxxx Xxxxx X. Xxxxxxx Chief Accounting Officer Treasurer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Xxxxx X. Xxxxx Xxxxx X. Xxxxx Vice President The following changes are made to the Loan Agreement which precedes this Rider: A. Section 4.03 is deleted and replaced with the following:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit D Repair Disbursement Request (required) X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s 's Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACESTAR XXXXXXX, LLC, a Delaware limited liability company By: Steadfast Income Apartment Advisor, LLC, a Delaware limited liability company, its manager Manager By: /s/ Xxxxx X. Keating__________ Xxxxxxx Xxxxx X. Xxxxxxx Chief Accounting Officer Treasurer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Xxxx Xxxxxx Xxxx Xxxxxx Senior Vice President The following changes are made to the Loan Agreement which precedes this Rider: A. Section 4.03 is deleted and replaced with the following:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACESIR WATERFORD RIATA, LLC, a Delaware limited liability company By: Steadfast Income Advisor, LLC, a Delaware limited liability company, its manager Manager By: __/s/ Xxxxx X. Keating___________ Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: __/s/ Vanessa McKenzieXxxxx X. Tyler_______________ Xxxxxxx XxXxxxxx Xxxxx X. Xxxxx Vice President The following changes are made to the Loan Agreement which precedes this Rider:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X x Exhibit A Description of the Land (required) X x Exhibit B Modifications to Multifamily Loan and Security Agreement X x Exhibit C Repair Schedule of Work X x Exhibit D Repair Disbursement Request x Exhibit E Work Commenced at Mortgaged Property X x Exhibit F Capital Replacements (required) X ¨ Exhibit G Description of Ground Lease X x Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X x Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACE, BERKSHIRE SQUARE LLC, a Delaware an Indiana limited liability company By: Steadfast Income AdvisorBERKSHIRE SQUARE MANAGING MEMBER, LLC, a Delaware limited liability company, its manager Manager By: INDEPENDENCE REALTY OPERATING PARTNERSHIP, LP, a Delaware limited partnership, its Sole Member and Manager By: INDEPENDENCE REALTY TRUST, INC., a Maryland corporation, its General Partner By: INDEPENDENCE REALTY ADVISORS, LLC, a Delaware limited liability company, its Authorized Agent By: /s/ Xxxxxxx Xxxxx Name: Xxxxxxx Xxxxx Title: President BERKSHIRE II CUMBERLAND, LLC, an Indiana limited liability company By: BERKSHIRE SQUARE MANAGING MEMBER, LLC, a Delaware limited liability company, its Manager By: INDEPENDENCE REALTY OPERATING PARTNERSHIP, LP, a Delaware limited partnership, its Sole Member and Manager By: INDEPENDENCE REALTY TRUST, INC., a Maryland corporation, its General Partner By: INDEPENDENCE REALTY ADVISORS, LLC, a Delaware limited liability company, its Authorized Agent By: /s/ Xxxxxxx Xxxxx Name: Xxxxxxx Xxxxx Title: President GRANDBRIDGE REAL ESTATE CAPITAL LLC, a North Carolina limited liability company By: /s/ Xxxxx X. Keating__________ Xxxxxxxx Name: Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association ByXxxxxxxx Title: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Vice President PART OF THE EAST HALF OF THE NORTHWEST AND SOUTHWEST QUARTERS OF SECTION 3, TOWNSHIP 15 NORTH, RANGE 5 EAST OF THE SECOND PRINCIPAL MERIDIAN AND SITUATED IN XXXXXX TOWNSHIP, XXXXXX COUNTY, INDIANA, DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHEAST CORNER OF SAID NORTHWEST QUARTER SECTION; THENCE NORTH 89 DEGREES 37 MINUTES 03 SECONDS WEST (BASIS OF BEARINGS PER INSTRUMENT NO. 70-49686 AND INSTRUMENT NO. 70-57526) ALONG THE NORTH LINE OF SAID NORTHWEST QUARTER 987.500 FEET; THENCE SOUTH 00 DEGREES 01 MINUTES 02 SECONDS WEST A DISTANCE OF 1408.710 FEET TO THE POINT OF BEGINNING OF THE REAL ESTATE DESCRIBED HEREIN, SAID POINT ALSO BEING ON THE EAST LINE OF GALECREST ADDITION, AS RECORDED IN PLAT BOOK 21, PAGES 26 AND 27 IN THE OFFICE OF THE RECORDER OF XXXXXX COUNTY, INDIANA; THENCE CONTINUING SOUTH 00 DEGREES 01 MINUTES 02 SECONDS WEST ALONG SAID EAST LINE 696.29 FEET TO THE SOUTHEAST CORNER OF LOT 180 IN SAID ADDITION; THENCE NORTH 89 DEGREES 37 MINUTES 03 SECONDS WEST UPON AND ALONG THE SOUTH LINE OF SAID LOT 180 AND PARALLEL WITH THE NORTH LINE OF SAID NOTTHWEST QUARTER 24.500 FEET TO THE NORTHEAST CORNER OF LOT 179 IN SAID GALECREST ADDITION; THENCE SOUTH 00 DEGREES 01 MINUTES 02 SECONDS WEST UPON AND ALONG THE EAST LINE OF SATD LOT 179 AND SAID EAST LINE EXTENDED 207.02 FEET TO THE EXISTING NORTH RIGHT OF WAY LINE OF EAST WASHINGTON STREET; THENCE NORTH 87 DEGREES 24 MINUTES 33 SECONDS EAST ALONG SAID NORTH RIGHT OF WAY LINE 460.56 FEET TO A POINT ON A NON-TANGENT CURVE CONCAVE SOUTHEAST, SAID CURVE HAVING A RADIUS OF 385.00 FEET AND BEING SUBTENDED BY A LONG CHORD HAVING A BEARING OF NORTH 33 DEGREES 10 MINUTES 57 SECONDS EAST AND A LENGTH OF 375.965 FEET; THENCE NORTHEASTERLY ON SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 58 DEGREES 27 MINUTES 12 SECONDS, AN ARC DISTANCE OF 392.78 FEET; THENCE NORTH 62 DEGREES 24 MINUTES 33 SECONDS EAST TANGENT TO THE LAST DESCRIBED CURVE 140.526 FEET TO THE POINT OF CURVATURE OF A CURVE CONCAVE NORTHWEST, SAID CURVE HAVING A RADIUS OF 390.000 FEET AND A CENTRAL ANGLE OF 62 DEGREES 23 MINUTES 31 SECONDS; THENCE NORTHEASTERLY UPON AND ALONG SAID CURVE TO THE LEFT AN ARC DISTANCE OF 424.688 FEET (SAID ARC BEING SUBTENDED BY A CHORD HAVING A BEARING OF NORTH 31 DEGREES 12 MINUTES 47 SECONDS EAST AND A LENGTH OF 404.014 FEET); THENCE NORTH 00 DEGREES 01 MINUTES 02 SECONDS EAST TANGENT TO THE LAST DESCRIBED CURVE 86.412 FEET; THENCE NORTH 89 DEGREES 58 MINUTES 58 SECONDS WEST 671.379 FEET; THENCE NORTH 00 DEGREES 01 MINUTES 02 SECONDS EAST 70.350 FEET; THENCE NORTH 89 DEGREES 58 MINUTES 58 SECONDS WEST 303.67 FEET TO THE POINT OF BEGINNING; CONTAINING 14.556 ACRES, MORE OR LESS. LAND DESCRIPTION (Modernized description of Subject based on Survey) A part of the East Half of the Northwest Quarter and a part of the Northeast Quarter of Section 3, Township 15 North, Range 5 East, Xxxxxx County, Indiana, being more particularly described as follows: COMMENCING at the northwest xxxxx of said Northeast Quarter Section; thence South 00 degrees 01 minute 02 seconds West (basis of bearing = ALTA/ACSM land title survey prepared by The Xxxxxxxxx Corporation as Job No. 8212.001, dated July 28, 2011) along the West line of said Northeast Quarter a distance of 527.76 feet to the southwest corner of Washington Xxxxxxx, Section One, as per plat thereof recorded as Instrument No. 79-87804 in the Office of the Recorder of said County and the POINT OF BEGINNING, the following five (5) courses being along the southerly lines thereof; (1) South 89 degrees 58 minutes 58 seconds East 140.66 feet; (2) North 00 degrees 01 minute 02 seconds East 260.00 feet; (3) South 89 degrees 58 minutes 58 seconds East 180.00 feet; (4) South 00 degrees 01 minute 02 seconds West 300.00 feet; (5) South 89 degrees 58 minutes 58 seconds East 623.34 feet; thence South 00 degrees 02 minutes 00 seconds West a distance of 194.34 feet; thence South 90 degrees 00 minutes 00 seconds West a distance of 155.00 feet; thence South 00 degrees 02 minutes 00 seconds West a distance of 351.28 feet; thence South 90 degrees 00 minutes 00 seconds West a distance of 137.00 feet; thence South 00 degrees 01 minute 07 seconds West a distance of 591.34 feet to the north line of a tract of land described in a deed to Cumberland Park Board, recorded as Instrument #880015260 in said Recorder’s Office; thence South 90 degrees 00 minutes 00 seconds West along the north line of said land and the westerly prolongation thereof a distance of 692.48 feet to a point on a non-tangent curve to the left having a radius of 390.00 feet, the radius point of which bears North 68 degrees 01 minute 36 seconds West; thence northerly along said curve an arc distance of 149.43 feet to a point which bears South 89 degrees 58 minutes 46 seconds East from said radius point; thence North 00 degrees 01 minute 02 seconds East along the east right-of-way line of Woodlark Drive as described in a deed to the Town of Cumberland, recorded as Instrument #79-58827 in said Recorder’s Office a distance of 1031.46 feet; thence South 89 degrees 58 minutes 58 seconds East along said east right-of-way line a distance of 12.43 feet to the Point of Beginning, containing 21.16 acres, more or less. The following changes modifications are made to the Loan Agreement which precedes this RiderExhibit:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit D Repair Disbursement Request (required) X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACEXXXXXXX PARK, LLC, a Delaware limited liability company By: Steadfast Income Advisor, LLC, a Delaware limited liability company, its manager By: /s/ Xxxxx X. Keating__________ Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Vice President The following changes are made to the Loan Agreement which precedes this Rider: A. Section 4.03 is deleted and replaced with the following:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACESIR OAK CROSSING, LLC, a Delaware limited liability company By: Steadfast Income Advisor, LLC, a Delaware limited liability company, its manager By: /s/ Xxxxx X. Keating__________ Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Vice President The following changes are made to the Loan Agreement which precedes this Rider: A. Section 4.04 is deleted and replaced with the following:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit D Repair Disbursement Request (required) X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACE, LLC, BORROWER: a Delaware limited liability company By: Steadfast Income AdvisorSTEADFAST APARTMENT ADVISOR, LLC, LLC a Delaware limited liability company, its manager company Non-Member Manager By: /s/ Xxxxx X. Keating__________ Xxxxxxx (SEAL) Name: Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, Title: Treasurer a national banking association Delaware limited liability company By: /s/ Vanessa McKenzie__________ Xxxxx Xxxxxx (SEAL) Xxxxx Xxxxxx Director By: /s/ Xxxxxxx XxXxxxxx Xxxxxxx (SEAL) Xxxxxxx Xxxxxxx Vice President The following changes are made to the Loan Agreement which precedes this Rider: A. Section 4.04 is deleted and replaced with the following:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Seniors Housing Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit D Repair Disbursement Request X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) N X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) N X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion Licenses (required) XXX XXXXXXXXXX PLACEN X Exhibit K Furniture, Fixtures, Equipment and Motor Vehicles (required) N X Exhibit L Contracts (required) N X Exhibit M Material Contracts (required) N X Exhibit N Additional Mortgaged Property (required) BORROWER: WATERMARK PARKVIEW OWNER, LLC, a Delaware limited liability company By: Steadfast Income Advisor/s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Authorized Signatory LENDER: CBRE CAPITAL MARKETS, LLCINC., a Delaware limited liability company, its manager Texas corporation By: /s/ Xxxxx X. Keating__________ Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association ByXxxxxx Name: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Xxxxxx Title: Vice President The following changes are made to the Loan Agreement which precedes this Rider: A. Section 3.06 is deleted and replaced with the following:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACECHAMPION, LLC, a Delaware limited liability company By: Steadfast Income Advisor, LLC, a Delaware limited liability company, its manager By: /s/ Xxxxx X. Keating__________ Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Vice President The following changes are made to the Loan Agreement which precedes this Rider:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit D Repair Disbursement Request (required) X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACESIR KINGWOOD VILLAS, LLC, a Delaware limited liability company By: Steadfast Income Advisor, LLC, a Delaware limited liability company, its manager Manager By: __/s/ Xxxxx X. Keating__________ Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, a national banking association By: __/s/ Vanessa McKenzieXxxxx X. Tyler______________ Xxxxxxx XxXxxxxx Xxxxx X. Xxxxx Vice President The following changes are made to the Loan Agreement which precedes this Rider: A. Section 4.03 is deleted and replaced with the following:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X x Exhibit A Description of the Land (required) X x Exhibit B Modifications to Multifamily Loan and Security Agreement X ¨ Exhibit C Repair Schedule of Work X ¨ Exhibit D Repair Disbursement Request x Exhibit E Work Commenced at Mortgaged Property X x Exhibit F Capital Replacements (required) X ¨ Exhibit G Description of Ground Lease X x Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X x Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACE, BORROWER: KBS LEGACY PARTNERS PIKESVILLE LLC, a Delaware limited liability company By: Steadfast Income Advisor, KBS Legacy Partners Properties LLC, a Delaware limited liability companycompany Its Sole Member By: KBS Legacy Partners Limited Partnership, its manager a Delaware limited partnership Its Sole Member By: KBS Legacy Partners Apartment REIT, Inc., a Maryland corporation Its Sole General Partner By: /s/ Xxxxx Xxx X. Keating__________ Xxxxx Xxxx Name: Xxx X. Xxxxxxx Chief Accounting Officer PNC BANKXxxx Title: Executive Vice President LENDER: CBRE CAPITAL MARKETS, NATIONAL ASSOCIATIONINC., a national banking association Texas corporation By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Xxx X. Xxxxxx Name: Xxx X. Xxxxxx Title: Sr. Vice President President/Controller The following changes are made to the Loan Agreement which precedes this Rider:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit D Repair Disbursement Request (required) X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACESTAR LAKESIDE, LLC, a Delaware limited liability company By: Steadfast Income Apartment Advisor, LLC, a Delaware limited liability company, its manager Manager By: /s/ Xxxxx X. Keating__________ Xxxxx Xxxx X. Xxxxxxx Chief Accounting Officer Xxxx X. Xxxxxxx President PNC BANK, NATIONAL ASSOCIATION, a national banking association By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Xxxxx X. Xxxxx Xxxxx X. Xxxxx Vice President The following changes are made to the Loan Agreement which precedes this Rider: A. Section 4.03 is deleted and replaced with the following:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit D Repair Disbursement Request (required) Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) N X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACE, LLC, a Delaware limited liability company By: Steadfast Income AdvisorSTEADFAST APARTMENT ADVISOR, LLC, LLC a Delaware limited liability company, its manager company Non-Member Manager By: /s/ Xxxxx X. Keating__________ Xxxxxxx (SEAL) Name: Xxxxx X. Xxxxxxx Chief Accounting Officer PNC BANK, NATIONAL ASSOCIATION, Title: Treasurer a national banking association Delaware limited liability company By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx Xxxxxxx (SEAL) Xxxxxxx Xxxxxxx Assistant Vice President By: /s/ Xxxxx Xxxxxx (SEAL) Xxxxx Xxxxxx Director The following changes are made to the Loan Agreement which precedes this Rider: A. Section 4.04 is deleted and replaced with the following:

INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) X Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) X Exhibit J Description of Release Parcel Exhibit K Reserved Exhibit L Reserved Exhibit M Reserved Exhibit N Reserved X Exhibit O Borrower’s Certificate of Property Improvement Alterations Completion (required) XXX XXXXXXXXXX PLACE, BORROWER: KBS LEGACY PARTNERS CRYSTAL LLC, a Delaware limited liability company By: Steadfast Income Advisor, KBS Legacy Partners Properties LLC, a Delaware limited liability companycompany Its Sole Member By: KBS Legacy Partners Limited Partnership, its manager a Delaware limited partnership Its Sole Member By: KBS Legacy Partners Apartment REIT, Inc., a Maryland corporation Its Sole General Partner By: /s/ W. Xxxx Xxxxx X. Keating__________ Name: W. Xxxx Xxxxx X. Xxxxxxx Title: Chief Accounting Executive Officer PNC BANKLENDER: CBRE CAPITAL MARKETS, NATIONAL ASSOCIATIONINC., a national banking association Texas corporation By: /s/ Vanessa McKenzie__________ Xxxxxxx XxXxxxxx X. Xxxxxx Name: Xxxxxxx X. Xxxxxx Title: Vice President The following changes are made to the Loan Agreement which precedes this Rider: