Carveout Guarantee and Indemnity AgreementCarveout Guarantee and Indemnity Agreement • September 27th, 2007 • Angeles Partners X • Real estate • Michigan
This Carveout Guarantee and Indemnity Agreement (this “Agreement”) is made as of the 21st day of September, 2007 (the “Effective Date”), by AIMCO PROPERTIES, L.P., a Delaware Limited Partnership (the “Carveout Obligor”), in favor of TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY, an Iowa corporation, and its successors and assigns (the “Lender”).
Secured Promissory NoteSecured Promissory Note • September 27th, 2007 • Angeles Partners X • Real estate • Michigan
FOR VALUE RECEIVED, the undersigned, CARRIAGE APX, A MICHIGAN LIMITED PARTNERSHIP, a Michigan limited partnership, whose address is 4582 South Ulster Parkway, Suite 1100, Denver, Colorado 80237 (the “Borrower”), promises to pay Five Million Three Hundred Sixty Thousand Dollars and No Cents ($5,360,000.00), together with interest according to the terms of this Secured Promissory Note (this “Note”), to the order of TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY, an Iowa corporation (together with any future holder, the “Lender”), whose address is c/o AEGON USA Realty Advisors, Inc., 4333 Edgewood Road, N.E., Cedar Rapids, Iowa 52499-5443. Capitalized terms used but not defined in this Note shall have the meanings assigned to them in the Mortgage, as defined in Section 12 below.
Future Advance MortgageFuture Advance Mortgage • September 27th, 2007 • Angeles Partners X • Real estate • Michigan
This Future Advance Mortgage (this “Mortgage”) is made and given as of the 21st day of September, 2007 (the “Effective Date”) , by CARRIAGE APX, A MICHIGAN LIMITED PARTNERSHIP, as Borrower, a Michigan limited partnership, whose address is 4582 South Ulster Parkway, Suite 1100, Denver, Colorado 80237 (the “Borrower”), to TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY, as Mortgagee, an Iowa corporation having an office c/o AEGON USA Realty Advisors, Inc., 4333 Edgewood Road, N.E., Cedar Rapids, Iowa 52499-5443 (the “Lender”). The definitions of capitalized terms used in this Mortgage may be found either in Section 3 below, or through the cross-references provided in that Section.
