EXHIBIT 1.1 UNITED DEVELOPMENT FUNDING [LOGO] FORM OF SELECTED DEALER AGREEMENT Ladies and Gentlemen: United Development Funding III, L.P. (the "Partnership"), a Delaware limited partnership of which UMTH Land Development, L.P., a Delaware limited...Selected Dealer Agreement • April 21st, 2006 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
EXHIBIT 10.1 UNITED DEVELOPMENT FUNDING [LOGO] FORM OF ESCROW AGREEMENT Coppermark Bank 3333 Northwest Expressway Oklahoma City, Oklahoma 73112 Re: United Development Funding III, L.P. Ladies and Gentlemen: United Development Funding III, L.P., a...Escrow Agreement • February 10th, 2006 • United Development Funding III, LP • Miscellaneous business credit institution • Oklahoma
EXHIBIT 10.1 UNITED DEVELOPMENT FUNDING [LOGO] FORM OF ESCROW AGREEMENT Coppermark Bank 3333 Northwest Expressway Oklahoma City, Oklahoma 73112 Re: United Development Funding III, L.P. Ladies and Gentlemen: United Development Funding III, L.P., a...Escrow Agreement • August 26th, 2005 • United Development Funding III, LP
SECURITY AGREEMENTSecurity Agreement • November 14th, 2008 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
This Security Agreement (this “Agreement”) dated as of the 20th day of August, 2008 (the “Effective Date”), is made by UNITED DEVELOPMENT FUNDING LAND OPPORTUNITY FUND, L.P., a Delaware limited partnership (“Borrower” or the “Debtor”), in favor of UNITED DEVELOPMENT FUNDING III, L.P., a Delaware limited partnership (“Lender”).
MARKETING SUPPORT AGREEMENTMarketing Support Agreement • February 1st, 2006 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
This MARKETING SUPPORT AGREEMENT (this “Agreement”) is entered into on this the ___day of , 2006, by and between UNITED DEVELOPMENT FUNDING III, L.P., a Delaware limited partnership (the “Partnership”), and UMTH Funding Services, LP, a Delaware limited partnership (“UMTH Funding”).
CONTINUING UNCONDITIONAL GUARANTYContinuing Unconditional Guaranty • April 2nd, 2007 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
This Continuing Unconditional Guaranty (this “Guaranty”) dated as of the 19th day of December, 2006 (the “Effective Date”), is made by Buffington Hidden Lakes GP, Inc., a Texas corporation (the “Guarantor”), for the benefit of United Development Funding III, L.P., a Delaware limited partnership and its successors and assigns (“Lender”).
ECONOMIC INTEREST PARTICIPATION AGREEMENT AND PURCHASE OPTIONEconomic Interest Participation Agreement and Purchase Option • November 14th, 2008 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
This Economic Interest Participation Agreement and Purchase Option (this “Agreement”) is entered into effective as of the 19th day of September, 2008 (the “Effective Date”) by and between UNITED MORTGAGE TRUST, a real estate trust organized under the laws of the State of Maryland with an address of 1702 N. Collins Blvd., Suite 100, Richardson, TX 75080, as lender, agent and assignor (“Assignor”), and UNITED DEVELOPMENT FUNDING III, L.P., a Delaware limited partnership with an address of 1812 Cindy Lane, Suite 200, Bedford, Texas 76021, as assignee (“Assignee”).
SECURED LINE OF CREDIT PROMISSORY NOTESecured Line of Credit Promissory Note • November 14th, 2008 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
FOR VALUE RECEIVED, the undersigned, UNITED DEVELOPMENT FUNDING LAND OPPORTUNITY FUND, L.P., a Delaware limited partnership (“Borrower”), hereby makes this Secured Line of Credit Promissory Note (as it may be amended, modified, renewed, extended, increased, superseded, or replaced from time to time, this “Note”) and promises to pay to the order of UNITED DEVELOPMENT FUNDING III, L.P., a Delaware limited partnership or its assigns (“Lender”), the sum of Twenty Five Million and NO/100 Dollars ($25,000,000.00), or, if greater or less, the aggregate outstanding principal amount of this Note, together with accrued, unpaid interest thereon, pursuant to the terms and conditions set forth in this Note. All amounts are payable to Lender in lawful money of the United States of America at the address for Lender provided in Section 1 of this Note, or at such other address as from time to time may be designated by Lender.
SECURITY AGREEMENTSecurity Agreement • November 21st, 2006 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
This Security Agreement (this “Agreement”) dated as of the 16th day of November, 2006 (the “Effective Date”), is made by Centurion Acquisitions, L.P., a Texas limited partnership and Pars Investments, Inc., a Texas corporation (for purposes of this Agreement each is referred to as a “Debtor” and collectively, “Debtors”), in favor of United Development Funding III, L.P., a Delaware limited partnership (“Lender”).
SECURED PROMISSORY NOTESecured Promissory Note • April 2nd, 2007 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
FOR VALUE RECEIVED, BUFFINGTON HIDDEN LAKES, LTD., a Texas limited partnership (“Borrower”) hereby makes and issues this Secured Promissory Note (this “Note”), and promises to pay to the order of UNITED DEVELOPMENT FUNDING III, L.P., a Delaware limited partnership (together with its successors and assigns, “Lender”) the principal sum of U.S. Four Million Four Hundred Eighty-Four Thousand Seventy-Seven and NO/100 ($4,484,077.00) or, if greater or less, the aggregate amount of all funds advanced to Borrower under this Note, together with accrued, unpaid interest thereon, and all other amounts due to Lender hereunder. The parties hereto hereby agree to the terms and conditions of this Note, as further set forth below. The General Partner is executing this Note on its own behalf for certain limited purposes described on the signature page to this Note.
CONTINUING UNCONDITIONAL GUARANTYContinuing Unconditional Guaranty • November 14th, 2007 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
This Continuing Unconditional Guaranty (this “Guaranty”) dated as of the 12th day of November, 2007 (the “Effective Date”), is made by UMT Holdings, L.P., a Delaware limited partnership (the “Guarantor”), for the benefit of United Development Funding III, L.P., a Delaware limited partnership and its affiliates, subsidiaries, successors and assigns (“Lender”).
SECURITY AGREEMENTSecurity Agreement • November 14th, 2008 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
This Security Agreement (this “Agreement”) dated the 20th day of August, 2008, is made by United Development Funding, L.P., a Delaware limited partnership, formerly a Nevada limited partnership (the “Borrower”), in favor of United Development Funding III, L.P., a Delaware limited partnership (the “Lender”).
LIMITED GUARANTYLimited Guaranty • October 20th, 2006 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
This Limited Guaranty (this “Guaranty”) dated as of the 1st day of September, 2006 (the “Effective Date”), is made by United Development Funding III, L.P., a Delaware limited partnership (“Guarantor”), for the benefit of United Mortgage Trust, a real estate investment trust organized under the laws of the state of Maryland (the “Lender”) or its permitted successors and assigns.
ASSIGNMENT AND ASSUMPTION OF INTERESTS (BLD VOHL 6A-1, LLC)Assignment and Assumption of Interests • January 6th, 2017 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
THIS ASSIGNMENT AND ASSUMPTION OF INTERESTS (this “Assignment”) is entered into as of December 31, 2016 (the “Effective Date”), by and among Buffington Land Development, LLC, a Texas limited liability company (“Assignor”), LD Equity, LLC, a Texas limited liability company (“Assignee”), United Development Funding, L.P., a Delaware limited partnership (“UDF I”), United Development Funding III, LP, a Delaware limited partnership (“UDF III”), and United Development Funding IV, a Maryland real estate investment trust (“UDF IV”).
FORM OF ADDENDUM TO SELECTED DEALER AGREEMENTSelected Dealer Agreement Addendum • April 21st, 2006 • United Development Funding III, LP • Miscellaneous business credit institution
Effective as of the ___day of ___, 2006, United Development Funding III, L.P. (the “Partnership”), a Delaware limited partnership, and IMS Securities, Inc. (“IMS Securities”), a Texas corporation, hereby enter into this Addendum (this “Addendum”) to the Selected Dealer Agreement entered into by and between the parties hereto effective as of the ___day of ___, 2006 (the “Selected Dealer Agreement”), on the terms and conditions, and for the mutual consideration, hereinafter set forth.
SECURITY AGREEMENTSecurity Agreement • November 14th, 2006 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
This Security Agreement (this “Agreement”) dated as of the 27th day of September, 2006 (the “Effective Date”), is made by Arete Real Estate and Development Company, a Texas corporation, Creative Modular Housing, Inc., a Texas corporation, and Modern Modular Home Rental Corp., a Texas corporation (each, a “Debtor” and collectively, “Debtors”), in favor of United Development Funding III, L.P., a Delaware limited partnership (“Lender”).
INDEPENDENT CONTRACTOR AGREEMENTIndependent Contractor Agreement • April 14th, 2017 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
This Independent Contractor Agreement (this “Agreement”) is entered into as of the 10th day of April, 2017 (the “Effective Date”), between United Development Funding III, L.P. (“Company”), and Stuart Ducote (“Contractor”). The Company desires to retain Contractor as an independent contractor to perform services for the Company and Contractor is willing to perform such services, on the terms set forth more fully below. In consideration of the mutual promises contained herein, the parties agree as follows:
UNITED DEVELOPMENT FUNDING III, L.P. 1702 N. Collins Blvd., Suite 100 Richardson, Texas 75080 Effective Date: September 1, 2006Credit Enhancement Fee Agreement • October 20th, 2006 • United Development Funding III, LP • Miscellaneous business credit institution
This letter agreement (this “Agreement”) sets forth our understanding with respect to the Limited Guaranty dated as of September 1, 2006 (as it may be amended, the “Guaranty”) that United Development Funding III, L.P., a Delaware limited partnership (“UDF III”) has agreed to enter into, execute and deliver to United Mortgage Trust, a real estate investment trust organized under the laws of the state of Maryland (“UMT”) for the benefit of United Development Funding, L.P., a Nevada limited partnership (“UDF”), in connection with the line of credit provided by UMT to UDF pursuant to that certain Second Amended and Restated Secured Line of Credit Promissory Note dated June 20, 2006 in the principal amount of U.S. $45,000,000 (as it may be amended, the “Note”). Capitalized terms not defined herein shall have the meanings given to such terms in the Guaranty.
LOAN AND SECURITY AGREEMENT Between UNITED DEVELOPMENT FUNDING III, L.P., As Borrower, and PREMIER BANK, As Lender Dated as of December 29, 2006Loan and Security Agreement • January 3rd, 2007 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
LOAN AND SECURITY AGREEMENT Between UNITED DEVELOPMENT FUNDING III, LP, As Borrower, andLoan and Security Agreement • November 16th, 2009 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
Exhibit A Form of Borrowing Base Certificate Exhibit B Form of Revolving Note Exhibit C Credit Guidelines Exhibit D Form of Assignment of Note Exhibit E Form of Allonge
PARTICIPATION AGREEMENT BY AND AMONG UNITED DEVELOPMENT FUNDING, L.P., UNITED DEVELOPMENT FUNDING II, L.P., UNITED DEVELOPMENT FUNDING III, L.P. AND UMTH LAND DEVELOPMENT, L.P.Participation Agreement • November 18th, 2005 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
This Participation Agreement (the “Agreement”) is executed this day of , 2005, by and among United Development Funding, L.P., a Nevada limited partnership, (“UDF I”), United Development Funding II, L.P., a Nevada limited partnership (“UDF II”), United Development Funding III, L.P., a Delaware limited partnership (“UDF III”), and UMTH Land Development, L.P., a Delaware limited partnership (“UMTH”).
FIRST AMENDMENT TO SECURED LINE OF CREDIT PROMISSORY NOTESecured Line of Credit Promissory Note • November 14th, 2008 • United Development Funding III, LP • Miscellaneous business credit institution
This First Amendment to Secured Line of Credit Promissory Note (this “Amendment”) effective as of the 26th day of August, 2008 (the “Effective Date”), is made and entered into by and between UNITED DEVELOPMENT FUNDING X, L.P., a Delaware limited partnership (“Borrower”), and UNITED DEVELOPMENT FUNDING III, L.P., a Delaware limited partnership (“Lender”).
ENVIRONMENTAL INDEMNITY AGREEMENTEnvironmental Indemnity Agreement • November 14th, 2006 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
THIS ENVIRONMENTAL INDEMNITY AGREEMENT (this “Agreement”), executed as of the 14th day of August, 2006 (the “Effective Date”), is made by Midlothian Longbranch, L.P., a Texas limited partnership (“Borrower”), Centurion Acquisitions, L.P., a Texas limited partnership (“Centurion”), Pars Investments, Inc., a Texas corporation (the “General Partner”), and Mehrdad Moayedi (“Moayedi”, and collectively with Borrower, Centurion and the General Partner, the “Affiliates”) in favor of United Development Funding III, L.P., a Delaware limited partnership (“Lender”).
SECURED PROMISSORY NOTESecured Promissory Note • November 14th, 2006 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
FOR VALUE RECEIVED, ARETE REAL ESTATE AND DEVELOPMENT COMPANY, a Texas corporation (“Arete”), MODERN MODULAR HOME RENTAL CORP., a Texas corporation (“MMHRC”) and CREATIVE MODULAR HOUSING, INC., a Texas corporation (“CMH”; Arete, MMHRC and CMH are referred to herein individually, as a “Borrower” and collectively, as the “Borrowers”), hereby jointly and severally make and issue this Secured Promissory Note (this “Note”), and promise to pay to the order of UNITED DEVELOPMENT FUNDING III, L.P., a Delaware limited partnership (together with its successors and assigns, “Lender”) the principal sum of U.S. Three Million Six Hundred Seventeen Thousand Five Hundred and NO/100 Dollars ($3,617,500.00) or, if greater or less, the aggregate amount of all funds advanced to Borrowers under this Note, together with accrued, unpaid interest thereon, and all other amounts due to Lender hereunder.
SELECTED DEALER AGREEMENTSelected Dealer Agreement • December 21st, 2007 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
United Development Funding III, L.P. (the “Partnership”), a Delaware limited partnership of which UMTH Land Development, L.P., a Delaware limited partnership, serves as the general partner (the “General Partner”), is offering for public sale a maximum of 17,500,000 units of limited partnership interest, including 5,000,000 units issuable pursuant to the Partnership’s distribution reinvestment plan (collectively, the “Units”), to be issued and sold for an aggregate purchase price of $350,000,000. There shall be a minimum purchase by any one person of 250 Units (except for purchases through individual retirement accounts or other qualified accounts, as indicated in the Prospectus (defined below), or in any letter or memorandum from the Partnership to you (the “Dealer”)). Terms not defined herein shall have the same meaning as in the Prospectus. In connection therewith, the Partnership invites you to participate in the distribution of Units in the Partnership subject to the following term
SECOND AMENDMENT TO LOAN AND SECURITY AGREEMENTLoan and Security Agreement • August 14th, 2012 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
THIS SECOND AMENDMENT TO LOAN AND SECURITY AGREEMENT (this "Amendment"), dated as of June 21, 2012, is between UNITED DEVELOPMENT FUNDING III, LP, a Delaware limited partnership ("Borrower"), and WESLEY J. BROCKHOEFT, an individual ("Lender").
NOTE PURCHASE, ASSIGNMENT AND ASSUMPTION AGREEMENTNote Purchase, Assignment and Assumption Agreement • May 15th, 2007 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
THIS NOTE PURCHASE, ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Agreement”) is dated March 20, 2007 (the “Effective Date”), and is by and between MCDOUGAL FAMILY PARTNERSHIP, LTD., a Texas limited partnership (“Assignor”), and UNITED DEVELOPMENT FUNDING III, L.P., a Delaware limited partnership, or its assigns (“Assignee”).
SECOND AMENDMENT TO SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF UNITED DEVELOPMENT FUNDING III, L.P.Agreement of Limited Partnership • June 10th, 2009 • United Development Funding III, LP • Miscellaneous business credit institution
This SECOND AMENDMENT TO SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP of United Development Funding III, L.P. (the “Partnership”) is made and entered into this 9th day of June, 2009 by UMTH Land Development, L.P., a Delaware limited partnership, as the General Partner, Todd Etter, a Texas resident, as the Initial Limited Partner, and those parties who from time to time become Limited Partners as provided in the Second Amended and Restated Agreement of Limited Partnership, as amended, as the Limited Partners (capitalized terms used but not otherwise defined herein shall have the meaning ascribed to them in the Second Amended and Restated Partnership Agreement, as amended by the First Amendment, each as defined below).
REVOLVING NOTERevolving Note • January 3rd, 2007 • United Development Funding III, LP • Miscellaneous business credit institution
This Note is the Revolving Note referred to in that certain Loan and Security Agreement dated as of December 29, 2006 between Borrower and Lender (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”). All capitalized terms used herein shall have the meanings ascribed to such terms in the Loan Agreement except to the extent such capitalized terms are otherwise defined or limited herein.
RELEASE AGREEMENTRelease Agreement • January 6th, 2017 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
THIS RELEASE AGREEMENT (this “Agreement”), dated as of December 31, 2016 (the “Effective Date”), is by and among United Development Funding, L.P., a Delaware limited partnership (“UDF I”), United Development Funding III, LP, a Delaware limited partnership (“UDF III”), United Development Funding IV, a Maryland real estate investment trust, on behalf of itself and its subsidiary lenders, if any (collectively, “UDF IV”), United Development Funding X, L.P., a Delaware limited partnership (“UDF X”), and United Residential Home Finance, L.P., a Delaware limited partnership (“URHF” and collectively with UDF I, UDF III, UDF IV and UDF X, and including any of their subsidiaries and the successors, assigns and affiliates of any of the foregoing, the “Lender Parties”), on one hand, and Buffington Land Group, Ltd., a Texas limited partnership (“BLG”), Buffington Land, Ltd., a Texas limited partnership (“Buffington Land”), Buffington Land Development, LLC, a Texas limited liability company (“BLD”),
SECURED LINE OF CREDIT PROMISSORY NOTESecured Line of Credit Promissory Note • November 14th, 2008 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
FOR VALUE RECEIVED, the undersigned, United Development Funding, L.P., a Delaware limited partnership, formerly a Nevada limited partnership (the “Borrower”), hereby makes this Secured Line of Credit Promissory Note (this “Note”) and promises to pay to the order of United Development Funding III, L.P., a Delaware limited partnership, or its assigns (the “Lender”), the sum of up to Forty-five Million and NO/100 Dollars ($45,000,000.00) in Principal (as hereinafter defined), or, if greater or less, the aggregate unpaid Principal amount advanced to Borrower under this Note, together with accrued, unpaid interest thereon, pursuant to the terms and conditions set forth in this Note. All amounts are payable to Lender in lawful money of the United States of America at the address for Lender provided in this Note, or at such other address as from time to time may be designated by Lender.
CONTINUING UNCONDITIONAL GUARANTYContinuing Unconditional Guaranty • November 14th, 2006 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
This Continuing Unconditional Guaranty (this “Guaranty”) dated as of the 27th day of September, 2006 (the “Effective Date”), is made by Joe Fogarty, Nancy Fogarty, individuals domiciled in Harris County, Texas, and The Fogarty Family Trust (collectively, the “Guarantors”), for the benefit of United Development Funding III, L.P., a Delaware limited partnership and its affiliates, subsidiaries, successors and assigns (“Lender”).
