AMENDED AND RESTATED MULTIFAMILY NOTE (Recast Transaction)Multifamily Note • September 7th, 2007 • Century Properties Growth Fund Xxii • Real estate
THIS AMENDED AND RESTATED MULTIFAMILY NOTE ("Amended and Restated Note") is made effective as of the 31st day of August, 2007, by CENTURY PROPERTIES GROWTH FUND XXII, A CALIFORNIA LIMITED PARTNERSHIP, a California limited partnership ("Borrower") and the FEDERAL HOME LOAN MORTGAGE CORPORATION ("Lender")
MULTIFAMILY NOTE MULTISTATE – FIXED TO FLOATMultifamily Note • September 7th, 2007 • Century Properties Growth Fund Xxii • Real estate
FOR VALUE RECEIVED, the undersigned (together with such party's or parties' successors and assigns, "Borrower"), jointly and severally (if more than one) promises to pay to the order of CAPMARK BANK, a Utah industrial bank, the principal sum of Seven Million Five Hundred Thousand and 00/100 Dollars (US $7,500,000.00), with interest on the unpaid principal balance, as hereinafter provided.
