FIRST AMENDMENT TO AGREEMENT OF SALE
This FIRST AMENDMENT TO AGREEMENT OF SALE (this "Amendment") is entered
into as of this 21st day of August, 1996 by and between TGM Realty Corp., a
Delaware corporation ("Purchaser"), and Balcor Realty Investors Ltd.-82, an
Illinois limited partnership ("Seller").
RECITALS
A. Purchaser and Seller have entered into an Agreement of Sale dated as
of July 19, 1996 (the "Purchase Agreement") wherein Seller agreed to sell and
Purchaser agreed to purchase that certain parcel of real property commonly
known as Xxxxxx Xxxxxx Xxxxxxxxxx, Xxxxxxx, Xxxxxxx and legally described on
Exhibit A attached to the Purchase Agreement (the "Property").
B. Purchaser and Seller desire to modify and amend the Purchase
Agreement as hereinafter set forth.
NOW, THEREFORE, for the sum of Ten Dollars ($10.00) and other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, Purchaser and Seller hereby desire to amend the Purchase
Agreement as follows:
1. Defined Terms. All capitalized terms which are used herein but which
are not otherwise defined herein shall have the meanings ascribed to them in
the Purchase Agreement.
2. Modifications to Purchase Agreement. The Purchase Agreement is
hereby modified as follows:
Inspection Period. The Inspection Period is hereby extended from
August 26, 1996 to September 16, 1996. Accordingly, the date "August 26, 1996"
contained in Section 16 is hereby deleted, and the date "September 16, 1996" is
hereby substituted therefor.
3. Miscellaneous.
A. Full Force and Effect. Except as modified herein, the Purchase
Agreement and Escrow Agreement shall remain unmodified and in full force and
effect.
B. Counterparts. This Amendment may be executed in multiple
counterparts.
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of
this 21st day of August, 1996.
PURCHASER:
TGM REALTY CORP. #5, a Delaware corporation
By: /s/Xxxxxx Xxxxxxxx
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Name: Xxxxxx Xxxxxxxx
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Title: President
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SELLER:
BALCOR REALTY INVESTORS, LTD.-82,
an Illinois limited partnership
By: Balcor Partners-XI, 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: /s/Xxxxx X. Xxxx
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Name: Xxxxx X. Xxxx
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Title: Vice President and Secretary
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