Common Contracts

2 similar Indemnity Agreement contracts by NNN Apartment REIT, Inc.

PROMISSORY NOTE
Indemnity Agreement • April 17th, 2007 • NNN Apartment REIT, Inc. • Real estate investment trusts

FOR VALUE RECEIVED, the undersigned, APARTMENT REIT WALKER RANCH, LP, a Texas limited partnership (“Borrower”), having an address at c/o Triple Net Properties, LLC, 1551 North Tustin Avenue, Suite 300, Santa Ana, California 92705, promises to pay to the order of WACHOVIA BANK, NATIONAL ASSOCIATION, a national banking association (together with its successors and assigns, “Lender”), at the office of Lender at Commercial Real Estate Services, 8739 Research Drive URP - 4, NC 1075, Charlotte, North Carolina 28262, or at such other place as Lender may designate to Borrower in writing from time to time, the principal sum of Twenty Million and No/100 Dollars ($20,000,000.00), together with interest on so much thereof as is from time to time outstanding and unpaid, from the date of the advance of the principal evidenced hereby, at the rate of five and thirty-six one-hundredths percent (5.36%) (the “Note Rate”) or the Maximum Lawful Rate (as hereinafter defined), together with all other amounts

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PROMISSORY NOTE
Indemnity Agreement • January 4th, 2007 • NNN Apartment REIT, Inc. • Real estate investment trusts

FOR VALUE RECEIVED, the undersigned, APARTMENT REIT HIDDEN LAKES, LP, a Texas limited partnership (“Borrower”), having an address at c/o Triple Net Properties, LLC, 1551 North Tustin Avenue, Suite 300, Santa Ana, California 92705, promises to pay to the order of WACHOVIA BANK, NATIONAL ASSOCIATION, a national banking association (together with its successors and assigns, “Lender”), at the office of Lender at Commercial Real Estate Services, 8739 Research Drive URP — 4, NC 1075, Charlotte, North Carolina 28262, or at such other place as Lender may designate to Borrower in writing from time to time, the principal sum of Nineteen Million Two Hundred Eighteen Thousand and No/100 Dollars ($19,218,000.00), together with interest on so much thereof as is from time to time outstanding and unpaid, from the date of the advance of the principal evidenced hereby, at the rate of five and thirty-four one-hundredths percent (5.34%) (the “Note Rate”) or the Maximum Lawful Rate (as hereinafter defined)

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