AMENDMENT NO. 14 TO AMENDED AND RESTATED
AGREEMENT OF LIMITED PARTNERSHIP
OF
PRUDENTIAL-BACHE/X.X. XXXXXX GENESIS INCOME PARTNERS L.P., I
This Amendment dated August 12, 1998 to the Amended and Restated
Agreement of Limited Partnership of Prudential-Bache/X.X. Xxxxxx Genesis
Income Partners L.P., I, dated as of January 15, 1987, as amended and
restated as of February 17, 1987, and as amended as of June 3, July 2,
August 3 and 20, September 10, October 2, December 4 and 18, 1987 and
February 1, March 8 and 25, April 28 and August 12, 1988 (the "Partnership
Agreement").
Pursuant to written consents received from Unitholders holding a
majority of the outstanding Units of the Partnership, Paragraph 15.4.20 of
the Partnership Agreement is hereby amended to read in full as follows:
15.4.20 except as provided in Article 9, and
Paragraphs 15.2.15, 15.4.4, 15.4.25 and 15.4.26, purchase or
lease real property from the Partnership or sell or lease real
property to the Partnership, provided, however, that an
Affiliate of the Spanos General Partner may bid for, and if such
bid is successful purchase, any or all of the Properties in a
public auction held pursuant to the order of a court with
jurisdiction over the Partnership, the General Partners, the
Special Limited Partners, the Limited Partners and the
Unitholders.
Except as otherwise provided above, the Partnership Agreement
shall remain in full force and effect.
IN WITNESS WHEREOF, the undersigned have executed this Amendment
as of the date hereof.
GENERAL PARTNERS:
BACHE GENERAL PARTNER:
PRUDENTIAL-BACHE PROPERTIES, INC.:
By: /s/Xxxxx X. Xxxxxx, President
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SPANOS GENERAL PARTNER:
X.X. XXXXXX RESIDENTIAL PARTNERS-86,
A CALIFORNIA LIMITED PARTNERSHIP
By: AGS FINANCIAL CORPORATION,
General Partner
By: /s/Xxxxxx X. Xxxx, President
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By: X.X. XXXXXX REALTY, INC.,
General Partner
By: /s/Xxxxxx X. Xxxx, Vice President
---------------------------------
ASSIGNOR LIMITED PARTNER:
RESIDENTIAL PORTFOLIO DEPOSITORY CORP.
By: /s/Xxxxxx X. Xxxx, Assistant Secretary
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