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EXHIBIT 10.8
This document was prepared outside of the Commonwealth of Virginia
SPECIAL WARRANTY DEED
THIS DEED, made and entered into this ____ day of October, 1998 by and
between A&A NORTHPOINTE B, INC., a Virginia corporation ("Grantor"), with an
address of c/o Cambridge Holdings Limited Partnership, 000 Xxxxxxx Xxxxxxx,
Xxxxx 000, Xxxxxxx, Xxxxxxxx 00000, and AMERICAN INDUSTRIAL PROPERTIES REIT, a
Texas real estate investment trust ("Grantee"), with an address of 0000 Xxxxx
Xxxxxxxx Xxxx, Xxxxx 000, Xxxxxx, Xxxxx 00000-0000.
WITNESSETH:
That for and in consideration of the sum of Ten Dollars ($10.00) in
hand paid and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, Grantor does hereby grant, bargain, sell and
convey unto Grantee, in fee simple, with Special Warranty of title, that certain
real property located in Loudoun County, Virginia and more particularly
described in Exhibit A attached hereto and made a part hereof.
Together with all improvements located thereon, and all title, right,
privilege, alleys, ways, easements, appurtenances and advantages thereunto
belonging, or in anywise appertaining thereto.
Subject only to those matters set forth and identified on Exhibit B
attached hereto and made a part hereof.
AND FURTHER SUBJECT TO (pursuant to Grantee's assumption thereof) that
certain promissory note in the original principal amount of $3,000,000 dated
February 27, 1996, executed by Grantor and A&A Northpointe C, Inc., jointly and
severally, and payable to the order of Security Life of Denver Insurance Company
(the "Note") and secured by a Deed of Trust,
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Assignment of Rents and Leases, and Security Agreement, dated of even date
therewith, and recorded on February 28, 1996 in Deed Book 1416, Page 998 in the
Land Records of Loudoun County, Virginia (the "Deed of Trust") upon which Note
there now remains an outstanding principal balance of $2,812,754.95.
To have and to hold the property hereby conveyed to the Grantee, its
successors and assigns, in fee simple forever.
IN TESTIMONY WHEREOF, the said Grantor has, as of the date first
written above, caused these presents to be signed, acknowledged and delivered,
under seal, by its duly authorized representative as its act and deed.
A&A Northpointe B, Inc.,
a Virginia corporation
By:
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Xx. Xxxxx Xxxxxxx
President
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DISTRICT OF )
) SS:
COLUMBIA )
The undersigned, a Notary Public in and for the jurisdiction aforesaid,
does hereby certify that Xx. Xxxxx Xxxxxxx, the President of A&A Northpointe B,
Inc., a Virginia corporation, known to me (or satisfactory proven) to be the
person whose name is subscribed to the within instrument and acknowledged that
he executed the same on behalf of A&A Northpointe B, Inc., for the purpose
therein contained.
GIVEN under my hand and seal this ____ day of October, 1998.
(SEAL)
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Notary Public
My commission expires:
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EXHIBIT A
(Legal Description)
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EXHIBIT B
(Permitted Encumbrances)
