0001005150-00-000766 Sample Contracts

FROM
Security Agreement • May 23rd, 2000 • Apple Suites Inc • Real estate investment trusts • Tennessee
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ARTICLE 1 THE HOTEL
Management Agreement • May 23rd, 2000 • Apple Suites Inc • Real estate investment trusts • Tennessee
Exhibit 10.13 ASSIGNMENT AND ASSUMPTION OF LEASE THIS ASSIGNMENT AND ASSUMPTION OF LEASE (this "Assignment") is made and entered into effective as of May 8, 2000 (the "Effective Date") by and among LORETTA M. CIMEO, GEORGE C. MORELLI, JOSEPH P....
Assignment and Assumption of Lease • May 23rd, 2000 • Apple Suites Inc • Real estate investment trusts

THIS ASSIGNMENT AND ASSUMPTION OF LEASE (this "Assignment") is made and entered into effective as of May 8, 2000 (the "Effective Date") by and among LORETTA M. CIMEO, GEORGE C. MORELLI, JOSEPH P. MORELLI, ESTHER E. MORELLI, CHARLES P. MORELLI, THOMAS W. MORELLI AND JOHN J. MORELLI (collectively, "Landlord"), PROMUS HOTELS, INC., a Delaware corporation ("Assignor"), and APPLE SUITES, INC., a Virginia corporation, as trustee for Apple Suites Pennsylvania Business Trust ("Assignee"). Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the documents assigned and assumed hereby.

THIRD DEED OF TRUST MODIFICATION AGREEMENT
Trust Modification Agreement • May 23rd, 2000 • Apple Suites Inc • Real estate investment trusts
BETWEEN
Master Hotel Lease Agreement • May 23rd, 2000 • Apple Suites Inc • Real estate investment trusts
THIRD
Deed of Trust Modification Agreement • May 23rd, 2000 • Apple Suites Inc • Real estate investment trusts
Re: The notes (collectively, the "Notes") dated September 20, 1999, October 5, 1999, November 29, 1999 and December 22, 1999 in the aggregate principal amount of $68,569,500 --------------------------------------------
Apple Suites Inc • May 23rd, 2000 • Real estate investment trusts

We are the owner and holder of the Notes and the mortgages, deeds of trust, deeds to secure debt and like instruments securing the Notes dated the same dates as the Notes (collectively, the "Existing Security Documents"). On the date hereof we have provided financing in the amount of $11,616,750 in connection with the purchase by your wholly-owned subsidiary of property located in Malvern, Pennsylvania (the "Malvern Property") which financing is evidenced by a note of even date herewith made by you in the amount of $11,616,750 (the "Malvern Note") and is secured by a mortgage encumbering the Malvern Property (the "Malvern Mortgage") and by mortgages, deeds of trust, deeds to secure debt and like instruments encumbering the properties (the "Existing Properties") encumbered by the Existing Security Documents (collectively, the "Malvern Cross-Collateralization Security Documents"). In addition, if you or your wholly-owned subsidiary acquires the property located in Boulder, Colorado (the

Re: Agreement of Sale dated November 22, 1999 by and between the undersigned and you (the "Agreement"; capitalized terms not otherwise defined herein have the meanings ascribed to them in the Agreement) --------------------------------------------
Apple Suites Inc • May 23rd, 2000 • Real estate investment trusts

We hereby agree that the Outside Closing Date shall be extended to May 9, 2000 and, if you or your wholly-owned subsidiary acquires the property located in Malvern, Pennsylvania pursuant to the Agreement of Sale on or before May 9, 2000, the Outside Closing Date shall be further extended to June 30, 2000.

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