DOCUMENT TITLE: Multifamily Deed of Trust, Assignment of Rents and Security Agreement DOCUMENT DATE: As of November 30, 2007 GRANTOR NAME AND MAILING ADDRESS: PARK HILL PARTNERS I, LLC 2300 MAIN STREET, SUITE 910 KANSAS CITY, MISSOURI, 64108 GRANTEE...And Security Agreement • May 13th, 2008 • Paladin Realty Income Properties Inc • Real estate investment trusts
THIS MULTIFAMILY DEED OF TRUST, ASSIGNMENT OF RENTS AND SECURITY AGREEMENT (the “Instrument”) is made as of November 30, 2007, among Park Hill Partners I, LLC, a limited liability company organized and existing under the laws of Missouri, whose mailing address is 2300 Main Street, Suite 910, Kansas City, Missouri 64108, as grantor (“Borrower”), Assured Quality Title Insurance Company, whose mailing address is 1001 Walnut, Kansas City, Missouri 64106, as trustee (“Trustee”), for the benefit of NorthMarq Capital, Inc., a corporation organized and existing under the laws of Minnesota, whose mailing address is 3500 American Boulevard West, Suite 500, Bloomington, Minnesota 55431, as beneficiary (“Lender”). Borrower’s organizational identification number, if applicable, is LC0747174.
MULTIFAMILY NOTE MULTISTATE – FIXED TO FLOAT (REVISION DATE 03-30-2006)Paladin Realty Income Properties Inc • May 13th, 2008 • Real estate investment trusts
FOR VALUE RECEIVED, the undersigned (together with such party’s or parties’ successors and assigns, “Borrower”), jointly and severally (if more than one) promises to pay to the order of NorthMarq Capital, Inc., a Minnesota corporation, the principal sum of Four Million Two Hundred Fifty Thousand and No/100 Dollars (US $4,250,000.00), with interest on the unpaid principal balance, as hereinafter provided.
GUARANTY MULTISTATE (for use in all jurisdictions except California) REVISION DATE 05/06/05Paladin Realty Income Properties Inc • May 13th, 2008 • Real estate investment trusts
This Guaranty (“Guaranty”) is entered into to be effective as of November 30, 2007, by the undersigned person(s) (the “Guarantor” jointly and severally if more than one), for the benefit of NorthMarq Capital, Inc., a Minnesota corporation (the “Lender”).
