November 21, 1996
Via Facsimile and Regular Mail
The Balcor Company
Attn: Xxxxx X. Xxxxxxxxx
0000 Xxxxxxxx Xxxx
Xxxxx X000
Xxxxxxxxxxx, XX 00000
Re: Agreement of Sale dated August 26, 1996 ("Agreement") by and between
Xxxxxxxxx Investors, an Illinois limited partnership ("Seller") and
Xxxxxxx/Blessing, Inc. a Colorado corporation or qualified assigns
("Purchaser")
Dear Xx. Xxxxxxxxx:
This letter memorializes the Purchaser's understanding that the Seller has
agreed to extend the November 25, 1996 date specified in Paragraph 5 and
Paragraph 6 of the First Amendment to the Agreement and Escrow Agreement dated
November 1, 1996, by and between the Seller and the Purchaser ("Amendment"), to
December 6, 1996.
Accordingly, the phrase "November 25, 1996" as used in the Amendment is
hereby amended to mean "December 6, 1996".
This letter shall amend the Agreement, Escrow Agreement, and Amendment,
and except as otherwise set forth herein, the parties ratify and reaffirm the
terms and provisions of the Agreement, Escrow Agreement and Amendment.
We appreciate your cooperation. Please execute below where appropriate
and return a copy to my attention via facsimile.
Should you have any questions, please do not hesitate to call me.
Sincerely yours,
BRADEN, FRINDT, XXXXXX & XXXXXXXX, LLC
/s/ Xxxxxxx X. Xxxxxxxx
---------------------------------------
Xxxxxxx X. Xxxxxxxx
GGW:slk
Enclosures
cc: Xxx Xxxxxxx
Xxxxxx Xxxxxx, Esq.
Xxxxxx Xxxxx
Xxxx Saas, Esq.
The undersigned, on behalf of Seller, hereby consents to and acknowledges
the terms and content of this letter.
DATE: 11/21/96 By: /s/ Xxxxx X. Xxxxxxxxx
---------- -------------------------------------
Xxxxx X. Xxxxxxxxx
Authorized Representative
December 6, 1996
Via Facsimile and Regular Mail
The Balcor Company
Attn: Xxxxx X. Xxxxxxxxx
0000 Xxxxxxxx Xxxx
Xxxxx X000
Xxxxxxxxxxx, XX 00000
Re: Agreement of Sale dated August 26, 1996 ("Agreement") by and between
Xxxxxxxxx Investors, an Illinois limited partnership ("Seller") and
Xxxxxxx/Blessing, Inc. a Colorado corporation or qualified assigns
("Purchaser")
Dear Xx. Xxxxxxxxx:
This letter memorializes the Purchaser's understanding that the Seller has
agreed to extend the December 6, 1996 date specified in Paragraph 5 and
Paragraph 6 of the First Amendment to the Agreement and Escrow Agreement dated
November 1, 1996, by and between the Seller and the Purchaser ("Amendment"), to
December 13, 1996. This date was initially November 25, 1996 as set forth in
the Amendment and extended to December 6, 1996 pursuant to my letter to you
dated November 21, 1996 ("Letter").
Accordingly, the phrase "December 6, 1996" as used in the Amendment and
the Letter is hereby amended to mean "December 13, 1996".
This letter shall amend the Agreement, Escrow Agreement, and Amendment,
and except as otherwise set forth herein, the parties ratify and reaffirm the
terms and provisions of the Agreement, Escrow Agreement and Amendment.
We appreciate your cooperation. Please execute below where appropriate
and return a copy to my attention via facsimile.
Should you have any questions, please do not hesitate to call me.
Sincerely yours,
BRADEN, FRINDT, XXXXXX & XXXXXXXX, LLC
/s/ Xxxxxxx X. Xxxxxxxx
--------------------------------------
Xxxxxxx X. Xxxxxxxx
GGW:slk
Enclosures
cc: Xxx Xxxxxxx
Xxxxxx Xxxxxx, Esq.
Xxxxxx Xxxxx
Xxxx Saas, Esq.
The undersigned, on behalf of Seller, hereby consents to and acknowledges
the terms and content of this letter.
DATE: 12/6/96 By: /s/ Xxxxx X. Xxxxxxxxx
----------- ---------------------------------
Xxxxx X. Xxxxxxxxx
Authorized Representative
December 11, 1996
Facsimile (000)-000-0000) & Federal Express
Xxxxxxxxx Investors
c/o The Balcor Company
Attn: Xxxxx Xxxxx
0000 Xxxxxxxx Xxxx
Xxxxx X000
Xxxxxxxxxxx, XX 00000
Facsimile (000)-000-0000 & Federal Express
Xx. Xxxxxxx Xxxxxx
Charter Title Company, as agent
for Lawyers Title Insurance Company
0000 Xxxxxxxxxx Xxxx., Xxxxx 000
Xxxxx Xxxx, XX 00000
Re: Agreement of Sale dated August 26, 1996 ("Agreement") by and between
Xxxxxxxxx Investors, an Illinois limited partnership ("Seller") and
Xxxxxxx/Blessing, Inc. a Colorado corporation or qualified assigns
("Purchaser")
Dear Xx. Xxxxx and Xx. Xxxxxx:
Pursuant to the terms of the Agreement, Escrow Agreement ("Escrow
Agreement") dated August 26, 1996 by and between Seller and Purchaser, and the
First Amendment to the Agreement and Escrow Agreement dated November 1, 1996 by
and between the Seller and Purchaser ("Amendment"), Purchaser hereby formally
provides you with written notice of its right to extend the December 18, 1996
"Closing Date" to no later than January 17, 1997. The Purchaser, subject to
formal documentation with the Seller, intends to close the transaction January
6, 1997. The Agreement, Escrow Agreement, and Amendment are hereinafter
collectively called the "Contract Documents".
Contemporaneously with this letter, Purchaser has initiated a wire
transfer to the account of the Escrow Agent in the amount of $50,000.00 as
additional Xxxxxxx Money as defined in the Contract Documents. A portion of
the Xxxxxxx Money in the amount of $325,000.00 remains refundable pursuant to
the Contract Documents and my letter to Xxxxx X. Xxxxxxxxx dated November 21,
1996.
Should you have any questions, please do not hesitate to call me.
Sincerely yours,
BRADEN, FRINDT, XXXXXX & STAGEMEN, LLC
/s/ Xxxxxxx X. Xxxxxxxx
--------------------------------------
Xxxxxxx X. Xxxxxxxx
GGW:ce
Enclosure
cc: Xx Xxxxxxxxx
Xxxxxxx Xxxxxxxxx
Xxxxxx Xxxxxx, Esq.
Xxx Xxxxxxx
Xxxxxx Xxxxx
Xxxx Saas Esq.
Xxxxxx Xxxxxxxxx
December 13, 1996
Via Facsimile and Regular Mail
The Balcor Company
Attn: Xxxxx X. Xxxxxxxxx
0000 Xxxxxxxx Xxxx
Xxxxx X000
Xxxxxxxxxxx, XX 00000
Re: Agreement of Sale dated August 26, 1996 ("Agreement") by and between
Xxxxxxxxx Investors, an Illinois limited partnership ("Seller") and
Xxxxxxxxx Apartments, LLC, a Colorado limited liability company
("Purchaser")
Dear Xx. Xxxxxxxxx:
This letter memorializes the Purchaser's understanding that the Seller has
agreed to extend the December 13, 1996 date specified in Paragraph 5 and
Paragraph 6 of the First Amendment to the Agreement and Escrow Agreement dated
November 1, 1996, by and between the Seller and the Purchaser ("Amendment"), to
December 20, 1996 or earlier as provided below. This date was initially
November 25, 1996 as set forth in the Amendment and extended to December 6,
1996, and December 13, 1996, respectively, pursuant to my letters to you dated
November 21, 1996 and December 6, 1996 ("Letters").
Accordingly, the phrase "December 13, 1996" as used in the Amendment and
the Letters is hereby amended to mean "December 20, 1996" or earlier as
provided below.
We will advise Xxxx Xxxxxxxxx on Tuesday, December 17, 1996, as to the
status of obtaining written approval by the first lender of the "Secondary
Documents" as defined in our commitment with the first lender. In addition, we
agree to notify you in the event we obtain written approval from the first
lender prior to December 20, 1996 in which case the entire $350,000 Xxxxxxx
Money as defined in the Agreement, as amended, will become non-refundable.
This letter shall amend the Agreement, Escrow Agreement, and Amendment,
and except as otherwise set forth herein, the parties ratify and reaffirm the
terms and provisions of the Agreement, Escrow Agreement and Amendment.
We appreciate your cooperation and willingness to work with the Purchaser.
Please execute below where appropriate and return a copy to my attention via
facsimile.
Should you have any questions, please do not hesitate to call me.
Sincerely yours,
BRADEN, FRINDT, XXXXXX & STAGEMEN, LLC
/s/ Xxxxxxx X. Xxxxxxxx
--------------------------------------
Xxxxxxx X. Xxxxxxxx
GGW:slk
Enclosure
cc: Xxx Xxxxxxx
Xxxxxx Xxxxxx, Esq.
Xxxxxx Xxxxx
Xxxx Saas Esq.
The undersigned, on behalf of Seller, hereby consents to and acknowledges
the terms and content of this letter.
DATE: 12/13/96 By: /s/ Xxxxx X. Xxxxxxxxx
------------ -----------------------------------
Xxxxx X. Xxxxxxxxx
Authorized Representative
December 20, 1996
Via Facsimile and Regular Mail
The Balcor Company
Attn: Xxxxx X. Xxxxxxxxx
0000 Xxxxxxxx Xxxx
Xxxxx X000
Xxxxxxxxxxx, XX 00000
Re: Agreement of Sale dated August 26, 1996 ("Agreement") by and between
Xxxxxxxxx Investors, an Illinois limited partnership ("Seller") and
Xxxxxxxxx Apartments, LLC, a Colorado limited liability company
("Purchaser")
Dear Xx. Xxxxxxxxx:
This letter memorializes the Purchaser's understanding that the Seller has
agreed to extend the December 20, 1996 date specified in Paragraph 5 and
Paragraph 6 of the First Amendment to the Agreement and Escrow Agreement dated
November 1, 1996. by and between the Seller and the Purchaser ("Amendment"), to
January 3, 1997. This date was initially November 25, 1996 as set forth in the
Amendment and extended to December 6, 1996, December 13, 1996, and December 20,
1996, respectively, pursuant to my letters to you dated November 21, 1996,
December 6, 1996, and December 13, 1996 ("Letters").
Accordingly, the phrase "December 20, 1996" as used in the Amendment and
the Letters is hereby amended to mean "January 3, 1997".
We will continue to advise Xxxx Xxxxxxxxx as to the status of obtaining
written approval by the first lender of the "Secondary Documents" as defined in
our commitment with the first lender.
This letter shall amend the Agreement, Escrow Agreement, and Amendment,
and except as otherwise set forth herein, the parties ratify and reaffirm the
terms and provisions of the Agreement, Escrow Agreement, Amendment, and
Letters.
We appreciate your cooperation and willingness to work with the Purchaser.
Please execute below where appropriate and return a copy to my attention via
facsimile.
Should you have any questions, please do not hesitate to call me.
Sincerely yours,
BRADEN, FRINDT, XXXXXX & STAGEMEN, LLC
/s/ Xxxxxxx X. Xxxxxxxx
--------------------------------------
Xxxxxxx X. Xxxxxxxx
GGW:slk
Enclosure
cc: Xxx Xxxxxxx
Xxxxxx Xxxxxx, Esq.
Xxxxxx Xxxxx
Xxxx Saas Esq.
The undersigned, on behalf of Seller, hereby consents to and acknowledges
the terms and content of this letter.
DATE: 12/20/96 By: /s/ Xxxx Xxxxxxx
------------ -----------------------------------
Xxxx Xxxxxxx
Authorized Representative
BRADEN, FRINDT, XXXXXX & XXXXXXXX, LLC
Attorneys at Law
POST OFFICE BOX 1435
000 XXXXX XXXXXXX, XXXXX 000
XXXXXXXX XXXXXXX, XX 00000
TELEPHONE (000) 000-0000
FACSIMILE (000) 000-0000
January 20, 1997
Facsimile (847-317-4462) & Regular Mail
Xxxxxxxxx Investors
c/o The Balcor Company
Attn: Xxxxx Xxxxx
0000 Xxxxxxxx Xxxx
Xxxxx X000
Xxxxxxxxxxx, XX 00000
Facsimile (000)-000-0000 & Regular Mail
Xx. Xxxxxxx Xxxxxx
Charter Title Company, as agent
for Lawyers Title Insurance Company
0000 Xxxxxxxxxx Xxxx., Xxxxx 000
Xxxxx Xxxx, XX 00000
Re: Agreement of Sale dated August 26, 1996 ("Agreement") by and between
Xxxxxxxxx Investors, an Illinois limited partnership ("Seller") and Xxxxxxxxx
Apartments, LLC, a Colorado limited liability company ("Purchaser")
Dear Xx. Xxxxx and Xx. Xxxxxx:
Pursuant to the terms of the Agreement, Escrow Agreement dated August 26,
1996 ("Escrow Agreement"), First Amendment to Agreement and Escrow Agreement
dated November 1, 1996 ("First Amendment"), and the Second Amendment to
Agreement and Escrow Agreement dated January 3, 1997 ("Second Amendment"), all
by and between the Seller and Purchaser, Purchaser hereby formally provides you
with written notice of its right to extend the January 27, 1997 "Closing Date"
to no later than February 27, 1997. The Purchaser, subject to formal
documentation with the Seller, intends to close the transaction on or before
February 15, 1997. The Agreement, Escrow Agreement, and Amendments are
hereinafter collectively call the "Contract Documents".
Because of the federal holiday, tomorrow Purchaser will initiate a wire
transfer to the account of the Escrow Agent in the amount of $50,000.00 as
additional "Xxxxxxx Money" as defined in the Contract Documents. After
disbursement of the additional $50,000, the total Xxxxxxx Money held by the
Escrow Agent pursuant to the Contract Documents will be $400,000.
Letter to Xxxxx and Chetta
Page 2
January 20, 1997
Should you have any questions, please do not hesitate to call me.
Sincerely yours,
BRADEN, FRINDT, XXXXXX & STAGEMEN, LLC
By: /s/ Xxxxxxx X. Xxxxxxxx
-------------------------------------
Xxxxxxx X. Xxxxxxxx
GGW:ce
Enclosure
cc: Xx Xxxxxxxxx
Xxxxxxx Xxxxxxxxx
Xxxxxx Xxxxxx, Esq.
Xxx Xxxxxxx
Xxxxxx Xxxxx
Xxxx Saas, Esq.
Xxxxxx Xxxxxxxxx
