THE
INFINITY GROUP
January 22, 1997
VIA FAX
Steeplechase Partners Limited Partnership
c/o The Balcor Company
0000 Xxxxxxxx Xxxx
Xxxxx X-000
Xxxxxxxxxxx, Xxxxxxxx 00000
Attention: Xxxxx Xxxxx
RE: STEEPLECHASE APARTMENTS
LEXINGTON, KENTUCKY
Ladies and Gentlemen:
Reference is hereby made to that Agreement of Sale (the "Agreement"), dated
November 20, 1996, which was reinstated and amended by a Reinstatement Of, And
First Amendment To, Agreement of Sale, dated December 20, 1996 (the "First
Amendment"), between Steeplechase Partners Limited Partnership, as Seller, and
Infinity Acquisitions, L.L.C., as Purchaser, for the purchase and sale of the
above property.
Pursuant to Paragraph 4 of the First Amendment, please be advised that we are
extending the Closing Date to March 17, 1997. With a copy of this letter, we
are sending to the Escrow Agent a check for $100,000 as additional xxxxxxx
money under the Agreement.
Very truly yours,
INFINITY ACQUISITION, L.L.C.
BY: /s/ Xxxxxx X. Xxxxxxx
--------------------------------
CC: The Balcor Company, attn: Xx. Xxxxx Xxxxxxxxx; Lawyers Title Insurance
Corporation, attn: Xxxxxxxx X. Xxxxxxxx; Xxxxxxx Xxxxxxxxx; Xxxx Xxxxxxx;
Katten, Muchin & Zavis, attn: Xxxxxx X. Xxxxxxx, Esq. and Xxxxxx Xxxxxxxx,
Esq. (all via fax) Charter Title Company, attn: Xxx Xxxxxxx (with enclosure,
via overnight mail)
