EXHIBIT 10.32 THESE SECURITIES HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER REGULATION D PROMULGATED UNDER THE U.S. SECURITIES ACT...University Real Estate Partnership V • May 10th, 2002 • Operators of nonresidential buildings • Texas
THIS NOTE IS SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER SET FORTH IN A NOTE PURCHASE AGREEMENT DATED JULY __, 1999, BETWEEN THE COMPANY AND THE ORIGINAL HOLDER HEREOF. A COPY OF SUCH AGREEMENT IS ON FILE AT THE PRINCIPAL OFFICE OF THE COMPANY.
EXHIBIT 10.31 MULTIFAMILY NOTE (Superstition Park Apartments) US $16,000,000.00 December 15, 1999 FOR VALUE RECEIVED, the undersigned ("BORROWER") jointly and severally (if more than one) promises to pay to the order of BERKSHIRE MORTGAGE FINANCE...Multifamily Note • May 10th, 2002 • University Real Estate Partnership V • Operators of nonresidential buildings
