November 5, 1996
VIA FACSIMILE AND U. S. MAIL
Xx. Xxxxxx Xxxxx
x/x Xxx Xxxxxx Xxxxxxx
Xxxxxxxxxxx Xxxx Xxxxxx Xxxxx
0000 Xxxxxxxx Xxxx
Xxxxx X-000
Xxxxxxxxxxx, XX 00000
Xx. Xxxx Xxx Xxxxxxx
First American Title Insurance
Company
00 Xxxxx XxXxxxx Xxxxxx
Xxxxx 000
Xxxxxxx, XX 00000
Re: Agreement of Sale by and between Southern Properties Fund, Inc., as
Purchaser, and Xxxxxxxxx Partners Limited Partnership, as Seller, dated August
28, 1996 (the "Agreement")
Dear Mses. Xxxxx and Xxxxxxx:
Pursuant to Section 8 of the Reinstatement of, and First Amendment to,
Agreement of Sale and Escrow Agreement, on behalf of our client, we are hereby
providing notice of our client's election to extend the Closing Date (as
defined in the Agreement) to a date on or before December 15, 1996. Our client
will deliver the additional xxxxxxx money deposit in the amount of One Hundred
Thousand and 00/100 Dollars ($100,000.00) to the Escrow Agent (as defined in
the Agreement) on or before November 15, 1996. Such additional xxxxxxx money
deposit is to be credited against the Purchase Price (as defined in the
Agreement) at closing.
Very truly yours,
/s/ Xxxxxxx X. Xxxxxxx
----------------------------------
Xxxxxxx X. Xxxxxxx
SWZ:mas:347,001
cc: Mr. Xxxx Xxxxxxxxx
Xxxxxx X. Xxxxxxx, Esq.
Xxxxxxxxx X. Xxxxx, III, Esq.
Mr. Xxxxxxx Xxxx
Xx. Xxx Xxxxxxxx
Mr. Xxxxxxx Xxxxxxxxxxx
Xxxxxxx X. Xxxxxxx, Esq.
