MULTIFAMILY NOTE (CME) MULTISTATE – FIXED RATE DEFEASANCEMultifamily Note • November 21st, 2011 • Paladin Realty Income Properties Inc • Real estate investment trusts
FOR VALUE RECEIVED, FP-1, LLC, a Virginia limited liability company (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 PRUDENTIAL AFFORDABLE MORTGAGE COMPANY, a Delaware corporation, the principal sum of $15,771,000.00, with interest on the unpaid principal balance, as hereinafter provided.
MULTIFAMILY DEED OF TRUST, ASSIGNMENT OF RENTS, SECURITY AGREEMENT AND FIXTURE FILING VIRGINIA (CME AND PORTFOLIO)Multifamily Deed of Trust, Assignment of Rents, Security Agreement and Fixture Filing • November 21st, 2011 • Paladin Realty Income Properties Inc • Real estate investment trusts
THIS MULTIFAMILY DEED OF TRUST, ASSIGNMENT OF RENTS, SECURITY AGREEMENT AND FIXTURE FILING (“Instrument”) is made to be effective as of the 15th day of November, 2011, by FP-1, LLC, a limited liability company organized and existing under the laws of Virginia, whose address is c/o Drucker & Falk, 11824 Fishing Point Drive, Newport News, Virginia 23606, as grantor (“Borrower”), to MARK S. SHIEMBOB, a resident of the City of Richmond, Virginia and BERNICE H. CILLEY, a resident of the County of Henrico Virginia, whose business address is Troutman Sanders LLP, 1001 Haxall Point, Richmond, Virginia 23219, as trustee (“Trustee”), index as grantee for the benefit of PRUDENTIAL AFFORDABLE MORTGAGE COMPANY, a corporation organized and existing under the laws of Delaware, whose address is 4350 Fairfax Drive, Suite 700, Arlington, Virginia 22203, as beneficiary (“Lender”) index as a grantee. Borrower’s organizational identification number, if applicable, is S214400-6.
GUARANTY (CME AND PORTFOLIO) MULTISTATEGuaranty • November 21st, 2011 • Paladin Realty Income Properties Inc • Real estate investment trusts
THIS GUARANTY (“Guaranty”) is entered into to be effective as of November 15, 2011, by WENDY C. DRUCKER (“Guarantor”, collectively if more than one), for the benefit of PRUDENTIAL AFFORDABLE MORTGAGE COMPANY, a Delaware corporation (“Lender”).
OPERATING AGREEMENT OF FP-1, LLCOperating Agreement • November 21st, 2011 • Paladin Realty Income Properties Inc • Real estate investment trusts • Virginia
THIS OPERATING AGREEMENT OF FP-1, LLC (the “Company”), is entered into effective as of November 15, 2011, by and between PRIP PINES, LLC, a Delaware limited liability company (“Paladin”) and DF PINES OF YORK, LLC, a Virginia limited liability company (“DFP”). The capitalized terms used herein and not otherwise defined shall have the respective meanings assigned to such terms in Article 11.
PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONSPurchase and Sale Agreement • November 21st, 2011 • Paladin Realty Income Properties Inc • Real estate investment trusts • Virginia
THIS ASSIGNMENT OF LEASES (“Assignment”) is made as of , 2011, by and between YORK ASSOCIATES LIMITED PARTNERSHIP, a Virginia limited partnership (“Assignor”), and FP-1, LLC, a Virginia limited liability company (“Assignee”).
THIRD AMENDMENT OF PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONSPurchase and Sale Agreement • November 21st, 2011 • Paladin Realty Income Properties Inc • Real estate investment trusts
THIS Third Amendment of Purchase and Sale Agreement and Escrow Instructions (the “Third Amendment”) is made as of this 12th day of September, 2011, by and between YORK ASSOCIATES LIMITED PARTNERSHIP, a Virginia limited partnership (“Seller”) and FP-1, LLC, a Virginia limited liability company, or its permitted assigns (“Buyer”).
REINSTATEMENT AND SECOND AMENDMENT OF PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONSPurchase and Sale Agreement • November 21st, 2011 • Paladin Realty Income Properties Inc • Real estate investment trusts
THIS Reinstatement and Second Amendment of Purchase and Sale Agreement and Escrow Instructions (the “Second Amendment”) is made as of this 16th day of August, 2011, by and between YORK ASSOCIATES LIMITED PARTNERSHIP, a Virginia limited partnership (“Seller”) and FP-1, LLC, a Virginia limited liability company, or its permitted assigns (“Buyer”).
FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONSPurchase and Sale Agreement • November 21st, 2011 • Paladin Realty Income Properties Inc • Real estate investment trusts
THIS FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS (this “Amendment”) is made and entered into as of July 29, 2011 by and between YORK ASSOCIATES LIMITED PARTNERSHIP, a Virginia limited partnership (the “Seller”), and FP-1, LLC a Virginia limited liability company, or its permitted assigns (the “Buyer”).
FOURTH AMENDMENT OF PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONSPurchase and Sale Agreement • November 21st, 2011 • Paladin Realty Income Properties Inc • Real estate investment trusts
THIS Fourth Amendment of Purchase and Sale Agreement and Escrow Instructions (the “Fourth Amendment”) is made as of this 30th day of September, 2011, by and between YORK ASSOCIATES LIMITED PARTNERSHIP, a Virginia limited partnership (“Seller”) and FP-1, LLC, a Virginia limited liability company, or its permitted assigns (“Buyer”).
