LAW OFFICES
APPERSON, CRUMP, DUZANE & XXXXXXX, PLC
0000 XXXXX XXXXXXX, XXXXX 000
XXXXXXX, XXXXXXXXX 00000-0000
901/756-6300
FACSIMILE 901/757-1296
FEBRUARY 24, 1997
BW Associates, Ltd. VIA FEDERAL EXPRESS
x/x Xxx Xxxxxx Xxxxxxx
Xxxxxxxxxxx Xxxx Xxxxxx Xxxxx
0000 Xxxxxxxx Xxxx, Xxxxx X000
Xxxxxxxxxxx, XX 00000
Attention: Xxxxx Xxxxx
Re: Agreement of Sale dated February 11, 1997 by and between
Mid-America Apartments of Texas, L.P. and BW Associates,
Ltd. (the Contract)
Dear Xx. Xxxxx:
In accordance with the provisions of Section 27 of the Contract, this is
to provide notice that the Purchaser hereby extends the Closing date for 30
days because of the inability to obtain the Lender consent. The new Closing
Date will be April 2, 1997.
Yours very truly,
/s/ Xxxx Xxxxxxx
Xxxx X. Xxxxxxx, Xx.
JBM/sh
cc: The Balcor Company
Xx. Xxxxxx X. Xxxxxxx
Xx. Xxx Xxxxxxxx
LAW OFFICES
APPERSON, CRUMP, DUZANE & XXXXXXX, PLC
0000 XXXXX XXXXXXX, XXXXX 000
XXXXXXX, XXXXXXXXX 00000-0000
901/756-6300
FACSIMILE 901/757-1296
FEBRUARY 26, 1997
BW Associates, Ltd. VIA FEDERAL EXPRESS
x/x Xxx Xxxxxx Xxxxxxx
Xxxxxxxxxxx Xxxx Xxxxxx Xxxxx
000 Xxxxxxxx Xxxx, Xxxxx X000
Xxxxxxxxxxx, XX 00000
Attention: Xxxxx Xxxxx
Dear Xx. Xxxxx:
In accordance with paragraph 3.B of the Agreement of Sale between BW
Associates, Ltd. as Seller and Mid-America Apartments of Texas, L.P. as
Purchaser, for that property commonly known as Balcones Xxxxx Apartments
located in Austin, Texas, Purchaser hereby waives its objection to the
Disapproved Title Exception, written notice of which was given on February 5,
1997. Accordingly, Purchaser elects to proceed toward closing in accordance
with the Agreement, and as per Xxxx Xxxxxxx'x letter of February 24, 1997
extending the Closing Date.
Sincerely,
/s/ Xxxx X. Xxxx
Xxxx X. Xxxx
JPL/sh
cc: The Balcor Company, Attention: Xxxxx Xxxxxxxxx
Xx. Xxxxxx X. Xxxxxxx
Charter Title Company, Attention: Xxxxxxx X. Xxxxxx
Xx. Xxx Xxxxxxxx
