MEZZANINE PLEDGE AND SECURITY AGREEMENTMezzanine Pledge and Security Agreement • May 4th, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts • Illinois
THIS MEZZANINE PLEDGE AND SECURITY AGREEMENT (this “Pledge Agreement”) is entered into in as of May 3, 2017, between INLAND RESIDENTIAL OPERATING PARTNERSHIP, L.P., a Delaware limited partnership, having its principal place of business at 2901 Butterfield Road, Oak Brook, Illinois 60523 (referred to herein as “Pledgor”) and Parkway Bank and Trust Company, an Illinois banking corporation, having an address at 4800 N. Harlem Avenue, Harwood Heights, Illinois 60706 (“Lender”).
LOAN AGREEMENTLoan Agreement • May 4th, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts • Illinois
THIS LOAN AGREEMENT (as the same may be amended, restated or otherwise modified from time to time, this “Agreement”), is made as of May 3, 2017 (the “Closing Date”), by and between PARKWAY BANK AND TRUST COMPANY, an Illinois banking corporation (“Lender”), and IRESI VERNON HILLS COMMONS, L.L.C., a Delaware limited liability company (“Borrower”).
GUARANTYGuaranty • May 4th, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts • Illinois
THIS GUARANTY (this “Guaranty”) is dated as of May 3, 2017, and is given by INLAND RESIDENTIAL PROPERTIES TRUST, INC., a Maryland corporation (“Guarantor”) in favor of PARKWAY BANK AND TRUST COMPANY, an Illinois banking corporation (“Bank”), with respect to certain indebtedness and liabilities of IRESI VERNON HILLS COMMONS, L.L.C., a Delaware limited liability company (“Borrower”), as set forth below.
MEZZANINE GUARANTY AGREEMENTMezzanine Guaranty Agreement • May 4th, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts • Illinois
THIS MEZZANINE GUARANTY AGREEMENT (this “Guaranty”) is executed as of May 3, 2017, by INLAND REAL ESTATE INVESTMENT CORPORATION, a Delaware corporation (“Guarantor”), to and for the benefit of PARKWAY BANK AND TRUST COMPANY, an Illinois banking corporation (“Lender”).
ENVIRONMENTAL INDEMNITY AGREEMENTEnvironmental Indemnity Agreement • May 4th, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
THIS ENVIRONMENTAL INDEMNITY AGREEMENT (as the same may from time to time hereafter be modified, supplemented or amended, this “Environmental Indemnity”) is made as of May 3, 2017, by and among IRESI VERNON HILLS COMMONS, L.L.C., a Delaware limited liability company (“Borrower”), INLAND RESIDENTIAL PROPERTIES TRUST, INC., a Maryland corporation (“Guarantor”, and together with Borrower referred to herein, individually, as an “Indemnitor” and, collectively, the “Indemnitors”), and PARKWAY BANK AND TRUST COMPANY, an Illinois banking corporation (“Lender”).
SECURITY AGREEMENTSecurity Agreement • May 4th, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
This SECURITY AGREEMENT dated as of May 3, 2017 (the “Security Agreement”), is executed by IRESI VERNON HILLS COMMONS, L.L.C., a Delaware limited liability company (“Debtor”), having its chief executive office at 2901 Butterfield Road, Oak Brook, IL 60523 and Parkway Bank and Trust Company, an Illinois banking corporation (the “Bank”), whose address is 4800 N. Harlem Avenue, Harwood Heights, Illinois 60706.
PREPARED BY AND WHEN RECORDED RETURN TO: LATIMER LEVAY FYOCK LLCMortgage, Security Agreement, Assignment of Rents and Fixture Filing • May 4th, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
AGREEMENT OF SALE AND PURCHASEAgreement of Sale and Purchase • May 4th, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts • Illinois
THIS AGREEMENT OF SALE AND PURCHASE ("Agreement") is made and entered into as of the Effective Date (defined below), by and between VHTC LOT 10 LLC, an Illinois limited liability company ("Seller"), and INLAND REAL ESTATE ACQUISITIONS, INC., an Illinois corporation, or its Permitted Assignee (defined below) ("Buyer"). In consideration of the mutual agreements contained in this Agreement and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller agrees to sell, and Buyer desires to purchase, the Property described below, for the Purchase Price and upon the terms and conditions set forth in this Agreement.
WHEN RECORDED RETURN TO: Janet Wagner, Esq. LATIMER LEVAY FYOCK LLCAssignment of Leases and Rents • May 4th, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE CONTRACTAssignment and Assumption of Purchase and Sale Contract • May 4th, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
For good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the undersigned, Inland Real Estate Acquisitions, Inc., an Illinois corporation, (“Assignor”), hereby assigns to IRESI Vernon Hills Commons, L.L.C., a Delaware limited liability company (“Assignee”), all of Assignor’s right, title and interest as a party to that certain Agreement of Purchase and Sale dated February 9, 2017, as amended by that certain First Amendment to Agreement of Purchase and Sale dated April 17, 2017 (collectively, the “Purchase Agreement”) by and between Assignor, as Purchaser, and VHTC Lot 10 LLC (“Seller”), with respect to the purchase and sale of certain real property and improvements listed on Exhibit A attached hereto and as further described in the Purchase Agreement.
ASSIGNMENT AND ASSUMPTION OF LEASESAssignment and Assumption of Leases • May 4th, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
This ASSIGNMENT AND ASSUMPTION OF LEASES ("Assignment") is made and entered into as of the 3rd day of May, 2017, by and between VHTC LOT 10 LLC, an Illinois limited liability company (“Assignor”), and IRESI VERNON HILLS COMMONS, L.L.C., a Delaware limited liability company (“Assignee”).
FIRST AMENDMENT TO AGREEMENT OF SALE AND PURCHASEAgreement of Sale and Purchase • May 4th, 2017 • Inland Residential Properties Trust, Inc. • Real estate investment trusts
This FIRST AMENDMENT TO AGREEMENT OF SALE AND PURCHASE (this “Amendment”) is made and entered into as of the 17th day of April, 2017, by and between VHTC LOT 10 LLC, an Illinois limited liability company (“Seller”), and INLAND REAL ESTATE ACQUISITIONS, INC., an Illinois corporation (“Buyer”).
