THIRD AMENDMENT TO AGREEMENT
OF SALE AND ESCROW AGREEMENT
This Third Amendment ("Third Amendment") to Agreement of Sale and Escrow
Agreement is entered into as of May 1, 1997, by and between HARBOUR REALTY
ADVISORS, INC., as Purchaser, and COURTYARDS OF XXXXXXX LIMITED PARTNERSHIP, an
Illinois Limited Partnership, as Seller.
RECITALS
A. Purchaser and Seller hereto have entered into an Agreement of Sale
("Agreement") and Escrow Agreement ("Escrow Agreement"), both dated March 26,
1997 for the purchase and sale of the apartment project known as Courtyards of
Xxxxxxx Apartments which Agreement and Escrow Agreement were amended by a First
Amendment to Agreement of Sale ("First Amendment") dated as of April 10, 1997
and by a Second Amendment to Agreement of Sale and Escrow Agreement ("Second
Amendment") dated as of April 15, 1997.
B. Purchaser and Seller now wish to further amend the Agreement and the
Escrow Agreement.
NOW, THEREFORE, the Agreement and the Escrow Agreement are amended as
follows:
1. The Closing Date shall be June 16, 1997.
2. Except as modified herein, all other terms and conditions of the
Agreement (as amended by the First and Second Amendments) and the Escrow
Agreement remain in full force and effect.
3. All capitalized terms used herein shall have the same meaning as in
the Agreement and Escrow Agreement.
4. This Third Amendment may be executed in multiple facsimile
counterparts, each of which shall be deemed an original, but all of which shall
constitute one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have put their hand and seal as of
the date set forth above.
PURCHASER:
HARBOUR REALTY ADVISORS, INC.
By: /s/Xxx Xxxxxxx, V.P.
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SELLER:
COURTYARDS OF XXXXXXX LIMITED
PARTNERSHIP, an Illinois limited partnership
By: Balcor Partners-XV, an Illinois general
partnership, its general partner
By: RGF-Balcor Associates-II, an Illinois
general partnership, a general partner
By: The Balcor Company, a Delaware
corporation, a general partner
By: Xxxxx Xxxxxxxx
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Xxxxx Xxxxxxxx
Authorized Representative
ACKNOWLEDGED BY ESCROW AGENT:
CHARTER TITLE COMPANY
By: /s/Xxx Xxxxxxx
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Xxx Xxxxxxx
Escrow Officer
