PROMISSORY NOTEPromissory Note • July 11th, 2017 • New England Realty Associates Limited Partnership • Operators of apartment buildings
FOR VALUE RECEIVED, NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP, a Massachusetts limited partnership with an address c/o The Hamilton Company, Inc., 39 Brighton Avenue, Boston, Massachusetts 02134 (“Maker”), hereby covenants and promises to pay to HBC HOLDINGS, LLC, a Massachusetts limited liability company with an address c/o The Hamilton Company, Inc., 39 Brighton Avenue, Boston, Massachusetts 02134 (“Payee”), or order, at Payee’s address first above written or at such other address as Payee may designate in writing, $16,000,000.00, or so much as is outstanding on the Maturity Date (as hereinafter defined) lawful money of the United States of America, together with interest thereon computed at the rate of 4.75% percent per annum, on an actual day/360 day basis (i.e., interest for each day during which any of the principal indebtedness is outstanding shall be computed at the aforesaid rate divided by 360). The Maker shall pay interest only during the term of this Note. Interest
ASSIGNMENT AND ASSUMPTION AGREEMENTAssignment and Assumption Agreement • July 11th, 2017 • New England Realty Associates Limited Partnership • Operators of apartment buildings
THIS ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Assignment”) is executed as of this day of July, 2017, by and between Michael F. Iodice, Jr., Trustee of the M.J. Realty Trust II u/d/t dated November 14, 1980 and recorded with the Middlesex South District Registry of Deeds in Book 15893, Page 382, and filed with said Middlesex Registry District of the Land Court as Document No. 604171, as amended (“Assignor”) and Woodland Park Partners, LLC, a Delaware limited liability company (“Assignee”).
PLEDGE AGREEMENTPledge Agreement • July 11th, 2017 • New England Realty Associates Limited Partnership • Operators of apartment buildings • Massachusetts
THIS PLEDGE AGREEMENT (this “Agreement”) is made as of July 6, 2017 by and between New England Realty Associates Limited Partnership, a Massachusetts limited partnership (“Pledgor”), and HBC Holdings, LLC, a Massachusetts limited liability company (“Pledgee”).
