-
Notifications
You must be signed in to change notification settings - Fork 0
/
test_segment.txt
1298 lines (1297 loc) · 173 KB
/
test_segment.txt
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
353
354
355
356
357
358
359
360
361
362
363
364
365
366
367
368
369
370
371
372
373
374
375
376
377
378
379
380
381
382
383
384
385
386
387
388
389
390
391
392
393
394
395
396
397
398
399
400
401
402
403
404
405
406
407
408
409
410
411
412
413
414
415
416
417
418
419
420
421
422
423
424
425
426
427
428
429
430
431
432
433
434
435
436
437
438
439
440
441
442
443
444
445
446
447
448
449
450
451
452
453
454
455
456
457
458
459
460
461
462
463
464
465
466
467
468
469
470
471
472
473
474
475
476
477
478
479
480
481
482
483
484
485
486
487
488
489
490
491
492
493
494
495
496
497
498
499
500
501
502
503
504
505
506
507
508
509
510
511
512
513
514
515
516
517
518
519
520
521
522
523
524
525
526
527
528
529
530
531
532
533
534
535
536
537
538
539
540
541
542
543
544
545
546
547
548
549
550
551
552
553
554
555
556
557
558
559
560
561
562
563
564
565
566
567
568
569
570
571
572
573
574
575
576
577
578
579
580
581
582
583
584
585
586
587
588
589
590
591
592
593
594
595
596
597
598
599
600
601
602
603
604
605
606
607
608
609
610
611
612
613
614
615
616
617
618
619
620
621
622
623
624
625
626
627
628
629
630
631
632
633
634
635
636
637
638
639
640
641
642
643
644
645
646
647
648
649
650
651
652
653
654
655
656
657
658
659
660
661
662
663
664
665
666
667
668
669
670
671
672
673
674
675
676
677
678
679
680
681
682
683
684
685
686
687
688
689
690
691
692
693
694
695
696
697
698
699
700
701
702
703
704
705
706
707
708
709
710
711
712
713
714
715
716
717
718
719
720
721
722
723
724
725
726
727
728
729
730
731
732
733
734
735
736
737
738
739
740
741
742
743
744
745
746
747
748
749
750
751
752
753
754
755
756
757
758
759
760
761
762
763
764
765
766
767
768
769
770
771
772
773
774
775
776
777
778
779
780
781
782
783
784
785
786
787
788
789
790
791
792
793
794
795
796
797
798
799
800
801
802
803
804
805
806
807
808
809
810
811
812
813
814
815
816
817
818
819
820
821
822
823
824
825
826
827
828
829
830
831
832
833
834
835
836
837
838
839
840
841
842
843
844
845
846
847
848
849
850
851
852
853
854
855
856
857
858
859
860
861
862
863
864
865
866
867
868
869
870
871
872
873
874
875
876
877
878
879
880
881
882
883
884
885
886
887
888
889
890
891
892
893
894
895
896
897
898
899
900
901
902
903
904
905
906
907
908
909
910
911
912
913
914
915
916
917
918
919
920
921
922
923
924
925
926
927
928
929
930
931
932
933
934
935
936
937
938
939
940
941
942
943
944
945
946
947
948
949
950
951
952
953
954
955
956
957
958
959
960
961
962
963
964
965
966
967
968
969
970
971
972
973
974
975
976
977
978
979
980
981
982
983
984
985
986
987
988
989
990
991
992
993
994
995
996
997
998
999
1000
<html><head><style type="text/css">
table {
border-width: 1px;
border-style: solid;
border-color: gray;
background-color: white;
width: 100%;
}
td {
border-width: 0px;
padding: 3px;
text-align: left;
}
td.h {
font-weight: bold;
background-color: lightgray;
font-size: 120%;
}
td.k {
background-color: #e6e6e6;
white-space: pre;
}
td.v {
background-color: #f2f2f2;
font-style: italic;
width: 100%;
}
</style></head><body><a name="top"/>
<h2>Segment (1)<br/></h2><a name="1"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #1 [6:27-46]</td></tr><tr><td colspan="2">REAL ESTATE PURCHASE</td></tr></table><br/><a name="2"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #2 [6:50-67]</td></tr><tr><td colspan="2">AND SALE AGREEMENT</td></tr></table><br/><a name="3"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #3 [6:71-84]</td></tr><tr><td colspan="2">by and between</td></tr></table><br/><a name="4"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #4 [6:88-135]</td></tr><tr><td colspan="2">CORAC, LLC, a Delaware limited liability company</td></tr></table><br/><a name="5"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #5 [6:139-147]</td></tr><tr><td colspan="2">As Seller</td></tr></table><br/><a name="6"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #6 [6:151-153]</td></tr><tr><td colspan="2">and</td></tr></table><br/><a name="7"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #7 [6:157-227]</td></tr><tr><td colspan="2">NTS REALTY HOLDINGS LIMITED PARTNERSHIP, a Delaware limited partnership</td></tr></table><br/><a name="8"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #8 [6:231-242]</td></tr><tr><td colspan="2">As Purchaser</td></tr></table><br/><a name="9"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #9 [6:248-275]</td></tr><tr><td colspan="2">Dated as of December 3, 2010</td></tr></table><br/><a name="10"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #10 [6:279-281]</td></tr><tr><td colspan="2">for</td></tr></table><br/><a name="11"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #11 [6:285-329]</td></tr><tr><td colspan="2">Plantation Lakes Apartments, Sanford, Florida</td></tr></table><br/><a name="12"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #12 [6:331-331]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="13"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #13 [6:333-333]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="14"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #14 [6:335-335]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="15"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #15 [6:337-337]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="16"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #16 [6:339-339]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="17"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #17 [6:341-341]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="18"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #18 [6:343-343]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="19"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #19 [6:345-345]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="20"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #20 [6:347-347]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="21"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #21 [6:356-356]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="22"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #22 [6:364-365]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="23"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #23 [6:369-370]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="24"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #24 [6:374-375]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="25"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #25 [6:380-418]</td></tr><tr><td colspan="2">REAL ESTATE PURCHASE AND SALE AGREEMENT</td></tr></table><br/><a name="26"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #26 [6:422-438]</td></tr><tr><td colspan="2">Summary Statement</td></tr></table><br/><a name="27"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #27 [6:442-608]</td></tr><tr><td colspan="2">This Summary Statement is attached to and made a part of that certain Real Estate Purchase and Sale Agreement by and between the Seller and Purchaser referenced below.</td></tr></table><br/><a name="28"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #28 [6:610-610]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="29"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #29 [6:616-617]</td></tr><tr><td colspan="2">1.</td></tr></table><br/><a name="30"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #30 [6:621-638]</td></tr><tr><td colspan="2">DATE OF AGREEMENT:</td></tr></table><br/><a name="31"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #31 [6:642-657]</td></tr><tr><td colspan="2">December 3, 2010</td></tr></table><br/><a name="32"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #32 [6:662-662]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="33"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #33 [6:668-669]</td></tr><tr><td colspan="2">2.</td></tr></table><br/><a name="34"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #34 [6:673-679]</td></tr><tr><td colspan="2">SELLER:</td></tr></table><br/><a name="35"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #35 [6:683-692]</td></tr><tr><td colspan="2">CORAC, LLC</td></tr></table><br/><a name="36"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #36 [6:697-697]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="37"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #37 [6:703-704]</td></tr><tr><td colspan="2">3.</td></tr></table><br/><a name="38"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #38 [6:708-717]</td></tr><tr><td colspan="2">PURCHASER:</td></tr></table><br/><a name="39"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #39 [6:721-747]</td></tr><tr><td colspan="2">NTS REALTY HOLDINGS LIMITED</td></tr></table><br/><a name="40"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #40 [6:749-759]</td></tr><tr><td colspan="2">PARTNERSHIP</td></tr></table><br/><a name="41"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #41 [6:764-764]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="42"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #42 [6:770-771]</td></tr><tr><td colspan="2">4.</td></tr></table><br/><a name="43"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #43 [6:775-791]</td></tr><tr><td colspan="2">PROPERTY ADDRESS:</td></tr></table><br/><a name="44"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #44 [6:795-822]</td></tr><tr><td colspan="2">1000 Plantation Lakes Circle</td></tr></table><br/><a name="45"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #45 [6:825-846]</td></tr><tr><td colspan="2">Sanford, Florida 32771</td></tr></table><br/><a name="46"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #46 [6:852-852]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="47"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #47 [6:862-863]</td></tr><tr><td colspan="2">5.</td></tr></table><br/><a name="48"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #48 [6:867-881]</td></tr><tr><td colspan="2">PURCHASE PRICE:</td></tr></table><br/><a name="49"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #49 [6:885-898]</td></tr><tr><td colspan="2">$37,200,000.00</td></tr></table><br/><a name="50"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #50 [6:903-903]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="51"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #51 [6:909-910]</td></tr><tr><td colspan="2">6.</td></tr></table><br/><a name="52"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #52 [6:914-927]</td></tr><tr><td colspan="2">EARNEST MONEY:</td></tr></table><br/><a name="53"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #53 [6:931-970]</td></tr><tr><td colspan="2">$800,000.00, to be deposited as follows:</td></tr></table><br/><a name="54"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #54 [6:975-975]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="55"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #55 [6:981-982]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="56"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #56 [6:986-987]</td></tr><tr><td colspan="2">a.</td></tr></table><br/><a name="57"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #57 [6:991-1005]</td></tr><tr><td colspan="2">Initial Deposit</td></tr></table><br/><a name="58"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #58 [6:1009-1045]</td></tr><tr><td colspan="2">$400,000.00 (due on December 7, 2010)</td></tr></table><br/><a name="59"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #59 [6:1050-1050]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="60"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #60 [6:1056-1057]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="61"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #61 [6:1061-1062]</td></tr><tr><td colspan="2">b.</td></tr></table><br/><a name="62"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #62 [6:1066-1081]</td></tr><tr><td colspan="2">Approval Deposit</td></tr></table><br/><a name="63"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #63 [6:1085-1131]</td></tr><tr><td colspan="2">$400,000.00 (within one (1) Business Day of the</td></tr></table><br/><a name="64"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #64 [6:1133-1146]</td></tr><tr><td colspan="2">Approval Date)</td></tr></table><br/><a name="65"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #65 [6:1151-1151]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="66"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #66 [6:1157-1158]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="67"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #67 [6:1162-1163]</td></tr><tr><td colspan="2">c.</td></tr></table><br/><a name="68"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #68 [6:1167-1183]</td></tr><tr><td colspan="2">Extension Deposit</td></tr></table><br/><a name="69"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #69 [6:1187-1230]</td></tr><tr><td colspan="2">$250,000.00 (on or before December 20, 2010)</td></tr></table><br/><a name="70"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #70 [6:1235-1235]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="71"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #71 [6:1241-1242]</td></tr><tr><td colspan="2">7.</td></tr></table><br/><a name="72"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #72 [6:1246-1259]</td></tr><tr><td colspan="2">APPROVAL DATE:</td></tr></table><br/><a name="73"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #73 [6:1263-1279]</td></tr><tr><td colspan="2">December 17, 2010</td></tr></table><br/><a name="74"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #74 [6:1284-1284]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="75"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #75 [6:1290-1291]</td></tr><tr><td colspan="2">8.</td></tr></table><br/><a name="76"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #76 [6:1295-1307]</td></tr><tr><td colspan="2">CLOSING DATE:</td></tr></table><br/><a name="77"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #77 [6:1311-1357]</td></tr><tr><td colspan="2">On or before December 27, 2010 (unless extended</td></tr></table><br/><a name="78"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #78 [6:1359-1377]</td></tr><tr><td colspan="2">as provided herein)</td></tr></table><br/><a name="79"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #79 [6:1382-1382]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="80"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #80 [6:1388-1389]</td></tr><tr><td colspan="2">9.</td></tr></table><br/><a name="81"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #81 [6:1393-1406]</td></tr><tr><td colspan="2">TITLE COMPANY:</td></tr></table><br/><a name="82"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #82 [6:1410-1454]</td></tr><tr><td colspan="2">Commonwealth Land Title Insurance Company (or</td></tr></table><br/><a name="83"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #83 [6:1456-1498]</td></tr><tr><td colspan="2">another title insurance company approved by</td></tr></table><br/><a name="84"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #84 [6:1500-1520]</td></tr><tr><td colspan="2">Purchaser and Seller)</td></tr></table><br/><a name="85"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #85 [6:1525-1525]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="86"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #86 [6:1531-1533]</td></tr><tr><td colspan="2">10.</td></tr></table><br/><a name="87"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #87 [6:1537-1556]</td></tr><tr><td colspan="2">PURCHASER’S ADDRESS:</td></tr></table><br/><a name="88"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #88 [6:1560-1582]</td></tr><tr><td colspan="2">NTS Development Company</td></tr></table><br/><a name="89"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #89 [6:1585-1607]</td></tr><tr><td colspan="2">10172 Linn Station Road</td></tr></table><br/><a name="90"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #90 [6:1611-1636]</td></tr><tr><td colspan="2">Louisville, Kentucky 40223</td></tr></table><br/><a name="91"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #91 [6:1640-1684]</td></tr><tr><td colspan="2">Attn: Neil A. Mitchell, Senior Vice President</td></tr></table><br/><a name="92"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #92 [6:1688-1715]</td></tr><tr><td colspan="2">Telephone: 502-426-4800 x212</td></tr></table><br/><a name="93"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #93 [6:1718-1734]</td></tr><tr><td colspan="2">Fax: 502-426-4994</td></tr></table><br/><a name="94"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #94 [6:1738-1767]</td></tr><tr><td colspan="2">E-Mail: nmitchell@ntsdevco.com</td></tr></table><br/><a name="95"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #95 [6:1798-1798]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="96"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #96 [6:1805-1806]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="97"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #97 [6:1810-1825]</td></tr><tr><td colspan="2">With a Copy to: </td></tr></table><br/><a name="98"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #98 [6:1829-1852]</td></tr><tr><td colspan="2">Rosann D. Tafel, Esquire</td></tr></table><br/><a name="99"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #99 [6:1854-1876]</td></tr><tr><td colspan="2">NTS Development Company</td></tr></table><br/><a name="100"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #100 [6:1905-1905]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="101"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #101 [6:1907-1969]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="102"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #102 [6:1975-1976]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="103"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #103 [6:1980-1981]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="104"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #104 [6:1983-1983]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="105"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #105 [6:1987-1988]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="106"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #106 [6:1992-1992]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="107"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #107 [6:1995-1995]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="108"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #108 [6:2002-2003]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="109"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #109 [6:2007-2007]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="110"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #110 [6:2013-2035]</td></tr><tr><td colspan="2">10172 Linn Station Road</td></tr></table><br/><a name="111"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #111 [6:2039-2064]</td></tr><tr><td colspan="2">Louisville, Kentucky 40223</td></tr></table><br/><a name="112"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #112 [6:2068-2095]</td></tr><tr><td colspan="2">Telephone: 502-426-4800 x153</td></tr></table><br/><a name="113"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #113 [6:2100-2116]</td></tr><tr><td colspan="2">Fax: 502-426-4994</td></tr></table><br/><a name="114"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #114 [6:2121-2147]</td></tr><tr><td colspan="2">E-Mail: rtafel@ntsdevco.com</td></tr></table><br/><a name="115"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #115 [6:2180-2242]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="116"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #116 [6:2249-2250]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="117"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #117 [6:2254-2255]</td></tr><tr><td colspan="2">ii</td></tr></table><br/><a name="118"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #118 [6:2259-2260]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="119"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #119 [6:2270-2272]</td></tr><tr><td colspan="2">11.</td></tr></table><br/><a name="120"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #120 [6:2276-2292]</td></tr><tr><td colspan="2">SELLER’S ADDRESS:</td></tr></table><br/><a name="121"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #121 [6:2296-2305]</td></tr><tr><td colspan="2">CORAC, LLC</td></tr></table><br/><a name="122"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #122 [6:2308-2338]</td></tr><tr><td colspan="2">c/o CIGNA Investment Management</td></tr></table><br/><a name="123"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #123 [6:2342-2363]</td></tr><tr><td colspan="2">900 Cottage Grove Road</td></tr></table><br/><a name="124"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #124 [6:2367-2388]</td></tr><tr><td colspan="2">Wilde Building, A4-CRI</td></tr></table><br/><a name="125"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #125 [6:2392-2410]</td></tr><tr><td colspan="2">Hartford, CT 06103</td></tr></table><br/><a name="126"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #126 [6:2414-2433]</td></tr><tr><td colspan="2">Attn: Terri Wertman</td></tr></table><br/><a name="127"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #127 [6:2437-2460]</td></tr><tr><td colspan="2">Telephone: 860-226-8819</td></tr></table><br/><a name="128"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #128 [6:2463-2480]</td></tr><tr><td colspan="2">Fax: 860-226-8850</td></tr></table><br/><a name="129"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #129 [6:2484-2514]</td></tr><tr><td colspan="2">E-mail: terri.wertman@cigna.com</td></tr></table><br/><a name="130"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #130 [6:2516-2516]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="131"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #131 [6:2519-2533]</td></tr><tr><td colspan="2">With a copy to:</td></tr></table><br/><a name="132"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #132 [6:2535-2535]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="133"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #133 [6:2537-2553]</td></tr><tr><td colspan="2">CIGNA Corporation</td></tr></table><br/><a name="134"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #134 [6:2555-2579]</td></tr><tr><td colspan="2">Investment Law Department</td></tr></table><br/><a name="135"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #135 [6:2581-2602]</td></tr><tr><td colspan="2">900 Cottage Grove Road</td></tr></table><br/><a name="136"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #136 [6:2604-2624]</td></tr><tr><td colspan="2">Wilde Building, A5LGL</td></tr></table><br/><a name="137"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #137 [6:2626-2644]</td></tr><tr><td colspan="2">Hartford, CT 06103</td></tr></table><br/><a name="138"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #138 [6:2646-2668]</td></tr><tr><td colspan="2">Attn: Alan Innes, Esq.</td></tr></table><br/><a name="139"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #139 [6:2670-2693]</td></tr><tr><td colspan="2">Telephone: 860-226-8935</td></tr></table><br/><a name="140"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #140 [6:2695-2711]</td></tr><tr><td colspan="2">Fax: 860-226-8942</td></tr></table><br/><a name="141"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #141 [6:2713-2740]</td></tr><tr><td colspan="2">E-Mail: alan.innes@cigna.com</td></tr></table><br/><a name="142"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #142 [6:2748-2748]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="143"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #143 [6:2755-2756]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="144"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #144 [6:2760-2761]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="145"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #145 [6:2763-2763]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="146"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #146 [6:2767-2768]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="147"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #147 [6:2773-2811]</td></tr><tr><td colspan="2">REAL ESTATE PURCHASE AND SALE AGREEMENT</td></tr></table><br/><a name="148"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #148 [6:2817-3123]</td></tr><tr><td colspan="2">THIS REAL ESTATE PURCHASE AND SALE AGREEMENT (“Agreement”) is made and entered into as of December 3, 2010 (the “Date of Agreement”) by and between (i) CORAC, LLC, a Delaware limited liability company (“Seller”) and (ii) NTS REALTY HOLDINGS LIMITED PARTNERSHIP, a Delaware limited partnership (“Purchaser”).</td></tr></table><br/><a name="149"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #149 [6:3125-3125]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="150"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #150 [6:3127-3134]</td></tr><tr><td colspan="2">RECITALS</td></tr></table><br/><a name="151"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #151 [6:3138-3535]</td></tr><tr><td colspan="2">A. Seller is the owner of certain real property legally described in Exhibit A attached hereto (the “Land”) and all buildings, fixtures and other improvements situated on the Land (collectively, the “Improvements”), which Land and Improvements are described generally on Line 4 of the preceding Summary Statement attached to and incorporated into this Agreement (the “Summary Statement”).</td></tr></table><br/><a name="152"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #152 [6:3537-3537]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="153"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #153 [6:3539-3803]</td></tr><tr><td colspan="2">B. Seller desires to sell to Purchaser, and Purchaser desires to purchase from Seller, the Land and the Improvements, together with all of the other property and interests described in Section 1 below, subject to the terms and conditions contained herein.</td></tr></table><br/><a name="154"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #154 [6:3805-3805]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="155"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #155 [6:3807-3816]</td></tr><tr><td colspan="2">AGREEMENTS</td></tr></table><br/><a name="156"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #156 [6:3818-3818]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="157"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #157 [6:3820-4056]</td></tr><tr><td colspan="2">NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller and Purchaser agree as follows:</td></tr></table><br/><a name="158"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #158 [6:4058-4058]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="159"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #159 [6:4060-4105]</td></tr><tr><td colspan="2">1. AGREEMENT FOR PURCHASE AND SALE.</td></tr></table><br/><a name="160"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #160 [6:4107-4107]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="161"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #161 [6:4109-4264]</td></tr><tr><td colspan="2">Seller agrees to sell, and Purchaser agrees to purchase, subject to the terms and conditions contained herein, the Land and the Improvements, together with:</td></tr></table><br/><a name="162"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #162 [6:4266-4266]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="163"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #163 [6:4268-4644]</td></tr><tr><td colspan="2">(a) (i) all liberties, privileges, hereditaments, easements, interests, and appurtenances, if any, owned by Seller and in any way belonging or appertaining to the Land and the Improvements and (ii) all of Seller’s right, title and interest, if any, in and to all adjoining streets, alleys, roads, passages and public ways (collectively, the “Appurtenant Rights”); and</td></tr></table><br/><a name="164"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #164 [6:4646-4646]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="165"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #165 [6:4648-5370]</td></tr><tr><td colspan="2">(b) all equipment and fixtures owned by Seller attached to the Improvements and all personal property owned by Seller, if any (the “Personal Property”), in each case located at and used in connection with the ownership, operation and maintenance of the Land or the Improvements including, but not limited to: (i) any trademarks, trade names, domain names, websites, internet addresses, logos and other means of property identification associated with the Land or the Improvements; and (ii) all other intangible property associated with the Land or the Improvements including, without limitation, all telephone numbers associated with on-site management and leasing and all tenant files pertaining to the leasing o</td></tr></table><br/><a name="166"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #166 [6:5372-5398]</td></tr><tr><td colspan="2">peration of the Seller; and</td></tr></table><br/><a name="167"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #167 [6:5400-5400]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="168"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #168 [6:5405-5406]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="169"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #169 [6:5410-5411]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="170"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #170 [6:5415-5416]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="171"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #171 [6:5422-5973]</td></tr><tr><td colspan="2">(c) all of the interests of the landlord in, to and under all leases, tenancies and rental or occupancy agreements granting possessory rights in, on or covering the Land or Improvements, to tenants as tenants only, together with all modifications, extensions, amendments and guarantees thereof, regarding all of the tenants and occupants set forth in Exhibit B attached hereto, together with such other leases of the Improvements as may be made prior to Closing in accordance with the terms of this Agreement (collectively, the “Leases”); and</td></tr></table><br/><a name="172"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #172 [6:5976-5976]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="173"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #173 [6:5978-6264]</td></tr><tr><td colspan="2">(d) to the extent assignable, all of Seller’s right, title and interest in and to contracts, agreements, guarantees, warranties and indemnities listed in Exhibit C attached hereto which shall survive Closing and by which Purchaser will be bound (collectively, the “Contracts”).</td></tr></table><br/><a name="174"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #174 [6:6266-6266]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="175"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #175 [6:6268-6405]</td></tr><tr><td colspan="2">The Land, Improvements, Appurtenant Rights, Personal Property, Leases and Contracts are collectively referred to herein as the “Property.”</td></tr></table><br/><a name="176"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #176 [6:6407-6407]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="177"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #177 [6:6409-6452]</td></tr><tr><td colspan="2"> 2. PURCHASE PRICE.</td></tr></table><br/><a name="178"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #178 [6:6454-6454]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="179"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #179 [6:6456-6841]</td></tr><tr><td colspan="2">The purchase price for the Property (the “Purchase Price”) shall be the amount set forth in Line 5 of the Summary Statement. Purchaser shall pay the Purchase Price, plus or minus prorations and adjustments provided for herein, to Escrow (as such term is defined in Section 5 of this Agreement) in cash on or before 2:00 p.m. (Eastern time) on the Closing Date (as hereinafter defined).</td></tr></table><br/><a name="180"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #180 [6:6843-6843]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="181"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #181 [6:6845-6887]</td></tr><tr><td colspan="2"> 3. EARNEST MONEY.</td></tr></table><br/><a name="182"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #182 [6:6889-6889]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="183"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #183 [6:6891-7153]</td></tr><tr><td colspan="2">(a) On or before December 7, 2010, Purchaser shall deposit into the Escrow (as hereinafter defined) by wire transfer of federal funds the amount set forth in Line 6(a) of the Summary Statement as an initial earnest money deposit (the “Initial Deposit”).</td></tr></table><br/><a name="184"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #184 [6:7155-7155]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="185"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #185 [6:7157-7611]</td></tr><tr><td colspan="2">(b) Within one (1) Business Day following the Approval Date, Purchaser shall deposit into Escrow by wire transfer of federal funds the amount set forth in Line 6(b) of the Summary Statement as an additional earnest money deposit (the “Approval Deposit”). Purchaser’s failure timely to deposit the Approval Deposit shall constitute a default by Purchaser hereunder and Seller shall have the remedies provided in Section 16(a) of this Agreement.</td></tr></table><br/><a name="186"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #186 [6:7613-7613]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="187"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #187 [6:7615-8207]</td></tr><tr><td colspan="2">(c) The Initial Deposit, Approval Deposit and, if applicable, the Extension Deposit (as defined in Section 4 hereof) (to the extent each such deposit was made by Purchaser hereunder) shall be referred to as the “Earnest Money.” The Earnest Money shall be invested in an interest-bearing account and, except as otherwise provided herein, all interest earned on the Earnest Money shall remain the property of and be paid to Purchaser. If the transaction contemplated by this Agreement does not close, the Earnest Money shall be handled in accordance with the terms of this Agreement.</td></tr></table><br/><a name="188"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #188 [6:8209-8209]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="189"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #189 [6:8211-8247]</td></tr><tr><td colspan="2"> 4. CLOSING.</td></tr></table><br/><a name="190"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #190 [6:8249-8249]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="191"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #191 [6:8251-8516]</td></tr><tr><td colspan="2">Subject to terms and conditions of this Agreement, the closing of the transaction contemplated by this Agreement (the “Closing”) shall take place on the date set forth on Line 8 of the Summary Statement (the “Closing Date”) in escrow with the Title Company. On the </td></tr></table><br/><a name="192"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #192 [6:8521-8522]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="193"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #193 [6:8526-8526]</td></tr><tr><td colspan="2">2</td></tr></table><br/><a name="194"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #194 [6:8530-8531]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="195"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #195 [6:8536-8723]</td></tr><tr><td colspan="2">Closing Date, Seller and Purchaser shall perform their obligations under Sections 10(b) and 10(c) of this Agreement, respectively, the performance of which obligations shall be concurrent.</td></tr></table><br/><a name="196"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #196 [6:8725-8725]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="197"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #197 [6:8727-9138]</td></tr><tr><td colspan="2">Purchaser shall have a one-time right to extend the Closing Date to January 14, 2011 (the “Extended Closing Date”), upon written notice to Seller given not later than December 20, 2010, and as a condition to granting such extension, Purchaser shall deposit into Escrow by wire transfer of federal funds the amount set forth in Line 6(c) of the Summary Statement as an extension deposit (the “Extension Deposit”).</td></tr></table><br/><a name="198"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #198 [6:9140-9140]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="199"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #199 [6:9142-9177]</td></tr><tr><td colspan="2"> 5. ESCROW.</td></tr></table><br/><a name="200"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #200 [6:9179-9179]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="201"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #201 [6:9181-9690]</td></tr><tr><td colspan="2">This transaction shall be closed through an escrow established with the Title Company in accordance with escrow instructions in the form attached hereto as Exhibit E (the “Escrow”). Upon the creation of the Escrow, anything herein to the contrary notwithstanding, the transfer and conveyance of the Property, the payment of funds and the delivery of the Closing Documents (as defined below) and other documents required to close the transaction contemplated by this Agreement shall be made through the Escrow.</td></tr></table><br/><a name="202"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #202 [6:9692-9692]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="203"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #203 [6:9694-9720]</td></tr><tr><td colspan="2">6. TITLE, SURVEY.</td></tr></table><br/><a name="204"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #204 [6:9722-9722]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="205"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #205 [6:9724-10281]</td></tr><tr><td colspan="2">(a) On or before December 8, 2010, Purchaser shall obtain at its own cost and expense an ALTA form title commitment (with Florida modifications) (the “Title Commitment”) for an owner’s title insurance policy issued by the title company identified in Line 9 of the Summary Statement (the “Title Company”), to be in the amount of the Purchase Price, covering title to the Property. On or before December 13, 2010, Seller shall provide Purchaser with a survey of the Land in form and content acceptable to Purchaser and the Title Company so as to</td></tr></table><br/><a name="206"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #206 [6:10283-10531]</td></tr><tr><td colspan="2"> permit the Title Company to remove the survey exception from the owner’s title insurance policy (the “Survey”). Promptly after receipt of each of the Title Commitment and the Survey, Seller and Purchaser shall provide copies thereof to each other.</td></tr></table><br/><a name="207"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #207 [6:10533-10533]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="208"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #208 [6:10535-10849]</td></tr><tr><td colspan="2">On or before December 17, 2010 (the “Title Objection Date”), Purchaser will notify Seller in writing (the “Exception Notice”) as to those title exceptions listed in the Title Commitment or matters reflected on the Survey to which Purchaser objects, provided, however, that Purchaser may not object to the following:</td></tr></table><br/><a name="209"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #209 [6:10851-10851]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="210"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #210 [6:10853-11029]</td></tr><tr><td colspan="2">(i) liens for taxes and special assessments, in each case not yet due and payable or due and payable but not yet delinquent, with respect to the Land and Improvements;</td></tr></table><br/><a name="211"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #211 [6:11031-11031]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="212"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #212 [6:11033-11058]</td></tr><tr><td colspan="2">(ii) the Leases;</td></tr></table><br/><a name="213"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #213 [6:11060-11060]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="214"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #214 [6:11062-11266]</td></tr><tr><td colspan="2">(iii) Any applicable zoning regulations and ordinances, provided the same do not prohibit or impair in any material respect use of the Land and Improvements as currently operated and constructed;</td></tr></table><br/><a name="215"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #215 [6:11268-11268]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="216"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #216 [6:11270-11551]</td></tr><tr><td colspan="2">(iv) Any rights of utility companies to lay, maintain, construct and/or repair pipes, lines, poles, conduits, cables, boxes and related equipment upon, under and above the Land, to the extent the same do not materially impair the use of the Property as currently operated;</td></tr></table><br/><a name="217"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #217 [6:11553-11553]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="218"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #218 [6:11555-11555]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="219"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #219 [6:11559-11560]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="220"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #220 [6:11564-11564]</td></tr><tr><td colspan="2">3</td></tr></table><br/><a name="221"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #221 [6:11566-11566]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="222"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #222 [6:11570-11571]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="223"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #223 [6:11575-11580]</td></tr><tr><td colspan="2">Any m </td></tr></table><br/><a name="224"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #224 [6:11582-11673]</td></tr><tr><td colspan="2"> (v) Any minor variations between tax lot lines and lines of record title; and</td></tr></table><br/><a name="225"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #225 [6:11675-11675]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="226"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #226 [6:11677-11712]</td></tr><tr><td colspan="2"> (vi) Any minor encroachments.</td></tr></table><br/><a name="227"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #227 [6:11714-11714]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="228"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #228 [6:11717-12081]</td></tr><tr><td colspan="2">The foregoing matters, together with any other encumbrances, title exceptions or conditions with respect to the Land and Improvements that are not timely objected to by Purchaser in the Exception Notice or the Gap Notice, as applicable, or that Purchaser is deemed to have waived in accordance with this Agreement shall be referred to as the “Permitted Exceptions.”</td></tr></table><br/><a name="229"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #229 [6:12083-12083]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="230"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #230 [6:12085-12852]</td></tr><tr><td colspan="2">If Purchaser fails to provide Seller the Exception Notice on or before the Title Objection Date, the title exceptions listed in the Title Commitment and any update thereof and the matters reflected on the Survey and any update thereof shall be deemed to be Permitted Exceptions and Purchaser shall be deemed to have waived its right to object to such exceptions and matters. Seller shall have the right, but not the obligation, until the sooner of (x) the Closing Date, or (y) the date which is ten (10) days after the date Seller receives the Exception Notice (the sooner of which is hereinafter referred to as the “Title Clearance Date”), which date may extend beyond the Approval Date, to have such title exceptions other than Permitted Exceptions (collectively, t</td></tr></table><br/><a name="231"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #231 [6:12854-13715]</td></tr><tr><td colspan="2">he “Unpermitted Exceptions”) removed from the Title Commitment. If Seller fails on or before the Title Clearance Date to provide written notice to Purchaser and to reasonably demonstrate to Purchaser that the Unpermitted Exceptions have been removed, then Purchaser shall, as its sole remedy, have the option (the “Title Election”) to either (i) terminate this Agreement, in which case the parties hereto shall have no further obligations hereunder (except for obligations that are expressly stated herein to survive the termination of this Agreement), and receive a return of the Earnest Money, or (ii) proceed with Closing. If Purchaser fails to notify Seller of its Title Election by the earlier of the Closing Date or five (5) days after the Title Clearance Date, Purchaser shall be deemed to have elected to proceed with the Closing, as set forth in subcl</td></tr></table><br/><a name="232"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #232 [6:13717-14042]</td></tr><tr><td colspan="2">ause (ii) above. Notwithstanding the foregoing, Seller, at Seller’s sole cost and expense, shall be obligated to release and discharge of record, on or before the Closing Date, any liens or encumbrances created by Seller. Seller may use all or any portion of the Purchase Price to satisfy its obligations under this Section.</td></tr></table><br/><a name="233"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #233 [6:14044-14044]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="234"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #234 [6:14046-14707]</td></tr><tr><td colspan="2">Purchaser may, at or prior to Closing, notify Seller in writing (a “Gap Notice”) of any objections to Seller’s title to the Land and Improvements (a) raised by the Title Company between the effective date of the Title Commitment and the Closing, and (b) not previously disclosed by the Title Company; provided that Purchaser must notify Seller of such objection to title within three (3) days after receiving written notice thereof from the Title Company of the existence of such exception. If Purchaser sends a Gap Notice to Seller, Purchaser and Seller shall have the same rights and obligations with respect to such notice as apply to Title Objections above.</td></tr></table><br/><a name="235"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #235 [6:14709-14709]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="236"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #236 [6:14711-14746]</td></tr><tr><td colspan="2">(b) Intentionally Omitted.</td></tr></table><br/><a name="237"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #237 [6:14748-14748]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="238"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #238 [6:14750-14799]</td></tr><tr><td colspan="2"> 7. DUE DILIGENCE PERIOD.</td></tr></table><br/><a name="239"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #239 [6:14801-14801]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="240"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #240 [6:14803-14982]</td></tr><tr><td colspan="2">(a) During the period (the “Inspection Period”) from the Date of Agreement through the Approval Date identified in Line 7 of the Summary Statement (the “Approval Date”), </td></tr></table><br/><a name="241"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #241 [6:14984-14984]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="242"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #242 [6:14989-14990]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="243"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #243 [6:14994-14994]</td></tr><tr><td colspan="2">4</td></tr></table><br/><a name="244"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #244 [6:14998-14999]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="245"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #245 [6:15004-15812]</td></tr><tr><td colspan="2">(A) Seller shall permit Purchaser to examine, at reasonable times, the books and records in Seller’s possession or control relating to the Property, (B) Purchaser shall have the right, at reasonabletimes, to (I) inspect the Land, Improvements, Appurtenant Rights and Personal Property, (II) review the Leases and the Contracts, and (III) conduct non-invasive environmental audit or audits of the Property (with copies of the reports relating to such audits delivered to Seller when completed), and (C) Purchaser shall be given reasonable access to the Property for the purpose of making such tests, inspections and investigations. All of the foregoing inspections, reviews, interviews, tests, investigations and studies to be conducted under this Section 10(a) by Purchaser shall be subject to the following:</td></tr></table><br/><a name="246"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #246 [6:15814-15814]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="247"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #247 [6:15816-16323]</td></tr><tr><td colspan="2">(i) Such studies, tests, inspections, interviews, reviews and investigations shall take place during normal business hours upon reasonable notice to Seller or its designated agents and Seller’s consent (which may be withheld in its sole discretion) shall be required prior to the performance of any drilling, boring or other invasive testing or procedures. Seller shall be entitled to be present during any investigation, interview, inspection, testing or other visit to the Land and Improvements;</td></tr></table><br/><a name="248"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #248 [6:16325-16325]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="249"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #249 [6:16327-16521]</td></tr><tr><td colspan="2">(ii) In the event the Closing does not occur, Purchaser shall promptly return to Seller any documents obtained from Seller or Seller’s agents (and return or destroy any copies thereof);</td></tr></table><br/><a name="250"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #250 [6:16523-16523]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="251"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #251 [6:16525-16676]</td></tr><tr><td colspan="2">(iii) Purchaser shall not suffer or permit any lien, claim or charge of any kind whatsoever to attach to the Property or any part thereof; and</td></tr></table><br/><a name="252"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #252 [6:16678-16678]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="253"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #253 [6:16680-17335]</td></tr><tr><td colspan="2">(iv) Such tests, investigations and studies shall be at Purchaser’s sole cost and expense and shall not unreasonably interfere with the operation of the Property and shall be subject to the rights of tenants. In the event of any damage to the Property caused by Purchaser, its agents, engineers, employees, contractors or surveyors (including without limitation pavement, landscaping and surface damage), Purchaser shall restore or pay the cost incurred by Seller to restore the Property to the condition existing prior to the performance of such tests, investigations or studies; such obligation shall survive the termination of this Agreement.</td></tr></table><br/><a name="254"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #254 [6:17337-17337]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="255"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #255 [6:17339-18162]</td></tr><tr><td colspan="2">Purchaser shall defend, indemnify and hold Seller harmless from any and all liability, cost and expense (including without limitation reasonable attorneys’ fees, court costs and costs of appeal) suffered or incurred by Seller for death or injury to persons or property caused by or arising out of Purchaser’s reviews, interviews, investigations, tests, studies and inspections of the Property; such obligation shall survive the Closing or the earlier termination of this Agreement. Prior to commencing any such tests, studies and investigations, Purchaser shall furnish to Seller a certificate of insurance evidencing comprehensive general public liability and property damage insurance insuring the person, firm or entity performing such tests, studies and investigations listing Seller as loss payee and Seller and Purcha</td></tr></table><br/><a name="256"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #256 [6:18164-18759]</td></tr><tr><td colspan="2">ser as additional insureds thereunder in the amount of Three Million Dollars ($3,000,000.00) combined single limit for personal injury and property damage per occurrence and from an insurer reasonably satisfactory to Seller. If, in the sole discretion and at the sole election of Purchaser, any of said tests, inspections or investigations are unsatisfactory to Purchaser, in any manner or for any reason in Purchaser’s sole discretion, Purchaser may terminate this Agreement as provided below. If Purchaser notifies Seller and Escrow Agent, in writing, on or before 5:00 p.m. (Eastern time) on</td></tr></table><br/><a name="257"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #257 [6:18764-18765]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="258"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #258 [6:18769-18769]</td></tr><tr><td colspan="2">5</td></tr></table><br/><a name="259"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #259 [6:18773-18774]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="260"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #260 [6:18779-19572]</td></tr><tr><td colspan="2">the Approval Date of Purchaser’s election to terminate this Agreement, this Agreement shall terminate, the Initial Deposit and all interest earned thereon shall be delivered to Purchaser and the parties hereto shall have no further obligations hereunder (except for obligations that are expressly stated herein to survive termination of this Agreement). If Purchaser so elects to terminate this Agreement, Purchaser shall promptly upon Seller’s request following such termination deliver to Seller copies of all documents, studies and reports obtained by Purchaser in connection with its due diligence (which obligation shall survive the termination of this Agreement), If Purchaser fails to notify Seller, in writing, on or before 5:00 p.m. (Eastern time) on the Approval Date, of Purchaser’</td></tr></table><br/><a name="261"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #261 [6:19574-19926]</td></tr><tr><td colspan="2">s election to terminate this Agreement, Purchaser’s right to terminate this Agreement under this Section 7(a) shall expire. Notwithstanding the foregoing, Purchaser’s right to terminate this Agreement pursuant to the Title Election remains in effect subsequent to the Approval Date and may be exercised by Purchaser in accordance with Section 6 hereof.</td></tr></table><br/><a name="262"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #262 [6:19928-19928]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="263"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #263 [6:19930-20688]</td></tr><tr><td colspan="2">(b) The obligation of Purchaser to close the transaction contemplated by this Agreement is further subject to the condition that: (i) the representations and warranties of Seller contained in this Agreement are true and correct, in all material respects, at the Date of Agreement and as of the Closing Date, and (ii) all of the obligations of Seller to be performed hereunder and per the Escrow on or before the Closing Date have been substantially completed in a timely manner. Purchaser shall give written notice to Seller within five (5) Business Days after Purchaser’s receipt of any notice disclosing that any Seller representation and warranty is no longer true and correct; provided, however, that Purchaser’s failure to give such written n</td></tr></table><br/><a name="264"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #264 [6:20690-21497]</td></tr><tr><td colspan="2">otice shall in no instance constitute a default by Purchaser under this Agreement but shall instead only serve to bar Purchaser from raising such matter as a failure of a condition precedent to Purchaser’s obligation to close the transaction. Seller shall give written notice to Purchaser within five (5) Business Days if Seller gains actual knowledge that any Seller representation and warranty is not true and correct in any material respect. Purchaser’s election to proceed with the Closing shall result in Purchaser’s waiver of any remedy resulting from the incorrectness in such representation or warranty or from the incorrectness in any other representation or warranty of Seller of which Purchaser shall have actual knowledge at or prior to Closing. The foregoing waiver shall survive the Closing.</td></tr></table><br/><a name="265"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #265 [6:21499-21499]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="266"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #266 [6:21501-22215]</td></tr><tr><td colspan="2">(c) All information, data and documents relating to the Property not otherwise available in the public domain (including without limitation those furnished pursuant to the terms and provisions of Section 10(a)) obtained by Purchaser from Seller or any other party or discovered by Purchaser during the term of this Agreement shall be maintained by Purchaser in strict confidence and shall not be revealed to any other party except Purchaser’s employees, contractors, investors, attorneys and financial advisors but then only if Purchaser has notified the party to whom such information is revealed to maintain such information in strict confidence and not reveal any such information to any other party. </td></tr></table><br/><a name="267"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #267 [6:22217-22741]</td></tr><tr><td colspan="2">;Nothing contained within this Section 7(c) shall preclude Purchaser from providing this Property information to lenders in conjunction with loan financing for the purchase of the Property applied for by Purchaser, provided that Purchaser direct such lenders to the covenants in this Section 7(c) and request that they abide thereby, or pursuant to an order, law, rule or regulation of any administration, governmental agency or authority. The provisions of this Section 7(c) shall survive the termination of this Agreement.</td></tr></table><br/><a name="268"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #268 [6:22743-22743]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="269"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #269 [6:22745-22932]</td></tr><tr><td colspan="2">(d) Prior to the Approval Date, Purchaser shall notify Seller which Contracts the Seller is to terminate as of the Closing Date, provided that such Contract(s) is/are cancelable </td></tr></table><br/><a name="270"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #270 [6:22934-22934]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="271"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #271 [6:22939-22940]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="272"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #272 [6:22944-22944]</td></tr><tr><td colspan="2">6</td></tr></table><br/><a name="273"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #273 [6:22948-22949]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="274"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #274 [6:22954-23174]</td></tr><tr><td colspan="2">upon not less than thirty (30) days prior written notice. Seller shall terminate the existing property management agreement (the “Property Management Agreement”) in effect at the Property on or prior to the Closing Date.</td></tr></table><br/><a name="275"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #275 [6:23178-23237]</td></tr><tr><td colspan="2"> 8. REPRESENTATIONS AND WARRANTIES.</td></tr></table><br/><a name="276"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #276 [6:23239-23239]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="277"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #277 [6:23241-23931]</td></tr><tr><td colspan="2">(a) References to “Seller’s actual knowledge” shall mean the actual knowledge of Terri Wertman, an Analyst for CIGNA Investments, Inc., and the person with primary responsibility for the management of the Property on behalf of Seller, without investigation or inquiry of any person or entity other than verbal inquiry of Seller’s property manager for the Property. Seller shall have no duty to conduct any further inquiry in making any such representations and warranties, and no knowledge of any other person shall be imputed to Seller. Purchaser acknowledges that Seller obtained its interest in the Property through foreclosure on or about February 16, 2010 (such period betwe</td></tr></table><br/><a name="278"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #278 [6:23933-24250]</td></tr><tr><td colspan="2">en February 16, 2010 and the Date of Agreement, or Closing Date, as applicable, being the “Seller’s Period of Ownership”), and Seller therefore has limited records and knowledge regarding the Property. Seller represents and warrants to Purchaser, as of the Date of Agreement and again on the Closing Date, as follows:</td></tr></table><br/><a name="279"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #279 [6:24252-24252]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="280"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #280 [6:24254-24823]</td></tr><tr><td colspan="2">(i) Except as shown on (x) the rent roll attached hereto as Exhibit B (as to the representation made on the Date of Agreement), (y) the rent roll delivered on the Closing Date pursuant to Section 10(b) below (as to the representation made as of the Closing Date) (as applicable, the “Rent Roll”) or (z) the Title Commitment or the Contracts, to Seller’s actual knowledge, there are no persons in possession or occupancy of the Property, or any part thereof, nor are there any persons who have possessory rights with respect to the Property or any part thereof;</td></tr></table><br/><a name="281"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #281 [6:24825-24825]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="282"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #282 [6:24827-24971]</td></tr><tr><td colspan="2">(ii) No person, corporation or other entity has any right or option to acquire all or any portion of the Property, other than Purchaser.</td></tr></table><br/><a name="283"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #283 [6:24973-24973]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="284"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #284 [6:24975-25734]</td></tr><tr><td colspan="2">(iii) None of the Leases and none of the rents or other amounts payable thereunder have been assigned, pledged or encumbered by Seller. With respect to each Lease, to Seller’s actual knowledge: (A) other than the Leases and Contracts, there are no other promises, amendments, agreements or commitments giving any party any right to possession or occupancy of the Property; (B) except as shown on the Rent Roll, there are no uncured monetary defaults by the tenant under any Lease and no offset or abatement has been asserted in writing by any tenant under any Lease and Seller is not aware of any offset or abatement that could be asserted by any tenant under any Lease; and (C) except as shown on the Rent Roll, Seller is holding no security or othe</td></tr></table><br/><a name="285"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #285 [6:25736-25846]</td></tr><tr><td colspan="2">r deposits with respect to the Leases and no rent has been prepaid for more than one month before its due date.</td></tr></table><br/><a name="286"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #286 [6:25848-25848]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="287"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #287 [6:25850-26123]</td></tr><tr><td colspan="2">(iv) During Seller’s Period of Ownership, Seller has received no written notice from any governmental authority of any violation of applicable laws, ordinances or regulations related to the Property or the occupancy thereof which have not been heretofore corrected;</td></tr></table><br/><a name="288"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #288 [6:26125-26125]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="289"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #289 [6:26127-26306]</td></tr><tr><td colspan="2">(v) Neither the execution or delivery of this Agreement, the consummation of the transaction contemplated hereby, nor the fulfillment of or compliance with the terms and </td></tr></table><br/><a name="290"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #290 [6:26308-26308]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="291"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #291 [6:26312-26313]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="292"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #292 [6:26317-26317]</td></tr><tr><td colspan="2">7</td></tr></table><br/><a name="293"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #293 [6:26321-26322]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="294"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #294 [6:26326-26551]</td></tr><tr><td colspan="2">conditions hereof conflict with or result in a material breach of any of the terms, conditions or provisions of any agreement or instrument to which Seller is a party or, to Seller’s actual knowledge, by which Seller is bound;</td></tr></table><br/><a name="295"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #295 [6:26553-26553]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="296"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #296 [6:26555-26776]</td></tr><tr><td colspan="2">(vi) Except as disclosed in Section 18 hereof, Seller has not entered into any brokerage or leasing commission agreements with respect to the Property, where a commission or fee has been earned but not fully paid;</td></tr></table><br/><a name="297"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #297 [6:26778-26778]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="298"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #298 [6:26780-27006]</td></tr><tr><td colspan="2">(vii) To Seller’s actual knowledge, there are no contracts or agreements affecting the operation of the Land or the Improvements which will survive Closing and be binding upon Purchaser except as disclosed in Exhibit C;</td></tr></table><br/><a name="299"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #299 [6:27008-27008]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="300"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #300 [6:27010-27374]</td></tr><tr><td colspan="2">(viii) Seller has received no written notice from any party of any breach, default or failure to perform by Seller under any Contracts or Leases that has not heretofore been cured; and, except as set forth in Exhibit D hereof, Seller has delivered no written notice to any other party to any such Contracts or Leases that such party is in default thereunder;</td></tr></table><br/><a name="301"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #301 [6:27376-27376]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="302"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #302 [6:27378-28111]</td></tr><tr><td colspan="2">(ix) To Seller’s actual knowledge, (i) there are no claims, causes of action, lawsuits or legal proceedings pending or threatened against Seller regarding the ownership, use or possession of the Property, including without limitation condemnation or similar proceedings, except as would be covered by insurance and disclosed on Exhibit J attached hereto and made a part hereof, (ii) there is no pending litigation or to Seller's knowledge, threatened litigation, which could materially adversely affect title to the Property or any part thereof, the continued operation of the Property as a multi-family housing/apartment complex, or the ability of Seller to perform any of its obligations hereunder and (iii) there are no ou</td></tr></table><br/><a name="303"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #303 [6:28113-28260]</td></tr><tr><td colspan="2">tstanding orders, rulings, judgments or decrees issued by any court of competent jurisdiction, by which Seller or the Property are bound or subject;</td></tr></table><br/><a name="304"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #304 [6:28262-28262]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="305"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #305 [6:28264-28688]</td></tr><tr><td colspan="2">(x) To Seller’s actual knowledge, Seller has not received written notice from any governmental entity of any violation by Seller of any law, rule or regulation affecting the Property or its use including any environmental law or regulation, nor, except as disclosed to Purchaser in the Due Diligence Items, any written notice that the Property is in violation of any applicable building or zoning code or ordinance.</td></tr></table><br/><a name="306"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #306 [6:28690-28690]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="307"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #307 [6:28692-29471]</td></tr><tr><td colspan="2">(xi) Seller is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. Seller has all necessary power and authority to enter into this Agreement and to consummate all of the transactions contemplated herein, the individuals executing this Agreement on behalf of Seller are duly authorized to execute, deliver and perform this Agreement on behalf of Seller and to bind Seller, and this Agreement and all documents to be executed by Seller and delivered to Purchaser hereunder (A) are and will be the legal, valid and binding obligations of Seller, enforceable in accordance with their terms, and (B) do not or will not contravene any provision of Seller’s organizational documents or any existing laws and regulations</td></tr></table><br/><a name="308"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #308 [6:29473-29510]</td></tr><tr><td colspan="2"> applicable to Seller or the Property;</td></tr></table><br/><a name="309"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #309 [6:29512-29512]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="310"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #310 [6:29514-29743]</td></tr><tr><td colspan="2">(xii) Exhibit C includes, to Seller’s actual knowledge, a true, correct and complete list of all of the Contracts, and to Seller’s actual knowledge Seller has provided to Purchaser true and correct copies of all Contracts;</td></tr></table><br/><a name="311"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #311 [6:29745-29745]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="312"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #312 [6:29747-29747]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="313"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #313 [6:29751-29752]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="314"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #314 [6:29756-29756]</td></tr><tr><td colspan="2">8</td></tr></table><br/><a name="315"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #315 [6:29760-29761]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="316"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #316 [6:29765-29765]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="317"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #317 [6:29768-29768]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="318"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #318 [6:29770-30165]</td></tr><tr><td colspan="2">(xiii) Seller has not (i) made a general assignment for the benefit of creditors; (ii) filed any voluntary petition in bankruptcy or suffered the filing of an involuntary petition by Seller’s creditors; (iii) suffered the appointment of a receiver to take possession of all or substantially all of Seller’s assets: or (v) admitted in writing its inability to pay its debts as they come due;</td></tr></table><br/><a name="319"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #319 [6:30168-30168]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="320"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #320 [6:30170-30283]</td></tr><tr><td colspan="2">(xiv) Seller is not a “foreign person” within the meaning of Section 1445 of the Internal Revenue Code; and</td></tr></table><br/><a name="321"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #321 [6:30285-30285]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="322"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #322 [6:30287-30494]</td></tr><tr><td colspan="2">(xv) Seller has obtained or will before the Closing Date obtain all necessary consents and approvals of governmental agencies, lenders or third parties required in connection with the Closing, if any.</td></tr></table><br/><a name="323"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #323 [6:30496-30496]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="324"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #324 [6:30498-30596]</td></tr><tr><td colspan="2">(b) Purchaser represents and warrants to Seller, now and again on the Closing Date, that:</td></tr></table><br/><a name="325"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #325 [6:30598-30598]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="326"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #326 [6:30600-31359]</td></tr><tr><td colspan="2">(i) (A) Purchaser has all necessary power and authority to enter into this Agreement and to consummate all the transactions contemplated herein, (B) the individuals executing this Agreement on behalf of Purchaser are duly authorized to execute, deliver and perform this Agreement on behalf of Purchaser and to bind Purchaser and (C) this Agreement and all documents to be executed by Purchaser and delivered to Seller hereunder (1) are and will be the legal, valid and binding obligations of Purchaser, enforceable in accordance with their terms, (2) do not or will not contravene any provision of Purchaser’s organizational documents or any existing laws and regulations applicable to Purchaser and (3) will not conflict with or result in a violatio</td></tr></table><br/><a name="327"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #327 [6:31361-31472]</td></tr><tr><td colspan="2">n of any agreement, instrument, order, writ, judgment or decree to which Purchaser is a party or is subject; and</td></tr></table><br/><a name="328"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #328 [6:31474-31474]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="329"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #329 [6:31476-31728]</td></tr><tr><td colspan="2">(ii) Purchaser is not acquiring the Property with the assets of an employee benefit plan as defined in Section 3(3) of ERISA and the transaction which is the subject of this Agreement is not a prohibited transaction under Section 406 of ERISA.</td></tr></table><br/><a name="330"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #330 [6:31730-31730]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="331"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #331 [6:31732-32379]</td></tr><tr><td colspan="2">(c) All of the representations and warranties of Seller and Purchaser contained in this Agreement or in any of the Closing Documents are material, none shall merge into the deed herein provided for and all shall survive the Closing Date for a period of nine (9) months (the “Survival Period”). All rights of Purchaser hereunder or under any of the Closing Documents, with respect to any surviving representation, warranty, covenant or indemnity shall be deemed waived if Purchaser does not, by written notice to Seller, advise Seller of any alleged breach of representation, warranty or covenant, or any alleged indemnificat</td></tr></table><br/><a name="332"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #332 [6:32381-33280]</td></tr><tr><td colspan="2">ion obligation, prior to the expiration of the Survival Period, provided, however, that no claim for breach of a representation or warranty of Seller shall be actionable or payable if the breach in question results from or is based on a condition, state of facts or other matter which was known to Purchaser prior to Closing, and unless the valid claims for all such breaches collectively aggregate more than Twenty-Five Thousand Dollars ($25,000.00), in which event, the full amount of such claims shall be actionable, subject to the cap on Seller’s Maximum Liability as hereinafter set forth. Subject to the limitations set forth in the immediately preceding sentence, all remedies shall be those set forth in Section 16 below, and notwithstanding anything herein to the contrary, Seller’s liability under any representation, warranty, covenant or indemnity made hereunder or in any of the Closing</td></tr></table><br/><a name="333"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #333 [6:33282-33282]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="334"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #334 [6:33287-33288]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="335"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #335 [6:33292-33292]</td></tr><tr><td colspan="2">9</td></tr></table><br/><a name="336"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #336 [6:33296-33297]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="337"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #337 [6:33302-33466]</td></tr><tr><td colspan="2">Documents shall in no event exceed the aggregate Seller’s Maximum Liability (as hereinafter defined). The provisions of this Section 8(c) shall survive the Closing.</td></tr></table><br/><a name="338"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #338 [6:33468-33468]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="339"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #339 [6:33470-33517]</td></tr><tr><td colspan="2"> 9. SELLER’S COVENANTS.</td></tr></table><br/><a name="340"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #340 [6:33519-33519]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="341"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #341 [6:33521-33582]</td></tr><tr><td colspan="2">From and after the Date of Agreement through the Closing Date:</td></tr></table><br/><a name="342"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #342 [6:33584-33584]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="343"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #343 [6:33586-33747]</td></tr><tr><td colspan="2">(a) Seller shall operate the Property in a manner consistent with current practice, and perform its material obligations under the Leases and Contracts.</td></tr></table><br/><a name="344"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #344 [6:33749-33749]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="345"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #345 [6:33751-33999]</td></tr><tr><td colspan="2">(b) Seller shall keep in existence all fire and extended coverage insurance policies, and all public liability insurance policies maintained on Seller's behalf that are in existence as of the Date of Agreement with respect to the Property.</td></tr></table><br/><a name="346"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #346 [6:34001-34001]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="347"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #347 [6:34003-34706]</td></tr><tr><td colspan="2">(c) Between the Date of Agreement and the Closing Date or earlier termination of this Agreement, Seller will not modify, extend, amend or terminate any existing Lease, nor enter into any new lease or occupancy agreement without the prior written consent of Purchaser except (i) if the same is done in the ordinary course of Seller’s ownership of the Property or (ii) if it is a lease termination by reason of a default by the tenant thereunder; provided, however, that after the Approval Date, Seller shall not enter into any new leases with corporate apartment tenants without Purchaser’s prior written approval in each instance, which approval may be withheld in Purchaser’s sole discretion. </td></tr></table><br/><a name="348"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #348 [6:34708-34866]</td></tr><tr><td colspan="2">; All new tenant leases shall be on the form of lease currently used by Seller or such other form as may be approved by Purchaser in its reasonable discretion.</td></tr></table><br/><a name="349"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #349 [6:34868-34868]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="350"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #350 [6:34870-34986]</td></tr><tr><td colspan="2">(d) No security deposits shall be applied except in the ordinary course with respect to delinquent tenants.</td></tr></table><br/><a name="351"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #351 [6:34988-34988]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="352"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #352 [6:34990-35519]</td></tr><tr><td colspan="2">(e) Seller will not enter into any new Contract with respect to the Premises that would survive the Closing, unless such Contract is entered into in the ordinary course of business and is terminable on not more than thirty (30) days notice without payment of any penalty or is otherwise approved in writing by Purchaser, which approval, if sought prior to the Approval Date, shall not be unreasonably withheld, delayed or conditioned and if sought after the Approval Date, may be withheld in Purchaser’s sole discretion.</td></tr></table><br/><a name="353"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #353 [6:35521-35521]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="354"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #354 [6:35523-35557]</td></tr><tr><td colspan="2">10. DELIVERY OF DOCUMENTS.</td></tr></table><br/><a name="355"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #355 [6:35559-35559]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="356"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #356 [6:35561-35925]</td></tr><tr><td colspan="2">(a) Within five (5) days after the Date of Agreement, Seller shall provide to Purchaser, to the extent in the possession or control of Seller, the Due Diligence Items pertaining to the Property specified in Exhibit I. Such Due Diligence Items are being delivered without representation or warranty other than as expressly provided in Section 8(a) hereof.</td></tr></table><br/><a name="357"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #357 [6:35927-35927]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="358"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #358 [6:35929-36382]</td></tr><tr><td colspan="2">(b) On the Closing Date, Seller shall deliver the following documents (the “Closing Documents”) to Purchaser or the Escrow, all duly executed (and acknowledged, as applicable) by Seller, the delivery of which shall be a condition precedent to Purchaser’s obligation to close the transaction contemplated by this Agreement (and one or more of which may be waived in writing by Purchaser, in its sole discretion, on or prior to the Closing Date):</td></tr></table><br/><a name="359"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #359 [6:36384-36384]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="360"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #360 [6:36389-36390]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="361"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #361 [6:36394-36395]</td></tr><tr><td colspan="2">10</td></tr></table><br/><a name="362"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #362 [6:36397-36397]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="363"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #363 [6:36401-36402]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="364"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #364 [6:36407-36547]</td></tr><tr><td colspan="2">(i) a recordable special warranty deed, in the form of Exhibit F-1 attached hereto, subject only to the Permitted Exceptions (the “Deed”);</td></tr></table><br/><a name="365"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #365 [6:36549-36549]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="366"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #366 [6:36551-36619]</td></tr><tr><td colspan="2">(ii) a bill of sale, in the form of Exhibit F-2 attached hereto;</td></tr></table><br/><a name="367"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #367 [6:36621-36621]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="368"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #368 [6:36623-36756]</td></tr><tr><td colspan="2">(iii) two originals of an assignment and assumption, in the form of Exhibit F-3 attached hereto (the “Assignment and Assumption”);</td></tr></table><br/><a name="369"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #369 [6:36758-36758]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="370"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #370 [6:36760-36903]</td></tr><tr><td colspan="2">(iv) to the extent reasonably required by the Title Company, a title affidavit in customary form, limited to Seller’s actual knowledge;</td></tr></table><br/><a name="371"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #371 [6:36905-36905]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="372"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #372 [6:36907-36998]</td></tr><tr><td colspan="2">(v) counterparts of the Seller’s and Purchaser’s closing and proration statements;</td></tr></table><br/><a name="373"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #373 [6:37000-37000]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="374"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #374 [6:37002-37125]</td></tr><tr><td colspan="2">(vi) a certification of nonforeign status satisfying Section 1445 of the Internal Revenue Code of 1986, as amended;</td></tr></table><br/><a name="375"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #375 [6:37127-37127]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="376"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #376 [6:37129-37317]</td></tr><tr><td colspan="2">(vii) evidence of Seller’s existence and authority to perform its obligations under this Agreement, in form and substance reasonably satisfactory to Purchaser and the Title Company;</td></tr></table><br/><a name="377"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #377 [6:37319-37319]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="378"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #378 [6:37321-37640]</td></tr><tr><td colspan="2">(viii) to the extent in possession of Seller, originals of the Leases and Contracts, together with a letter from Seller advising the tenants under the Leases of the assignment of their respective Leases to Purchaser and the manner in which rent is to be paid subsequent to Closing in the form of Exhibit G hereto;</td></tr></table><br/><a name="379"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #379 [6:37642-37642]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="380"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #380 [6:37644-37869]</td></tr><tr><td colspan="2">(ix) a current Rent Roll certified by Seller, dated within two (2) Business Days prior to the Closing Date, to Seller’s actual knowledge, in the same manner and to the same extent as provided in Section 8(a)(i) above;</td></tr></table><br/><a name="381"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #381 [6:37871-37871]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="382"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #382 [6:37873-38028]</td></tr><tr><td colspan="2">(x) a certificate in the form of Exhibit H recertifying the representations and warranties set forth in Section 8(a) above as of the Closing Date;</td></tr></table><br/><a name="383"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #383 [6:38030-38030]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="384"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #384 [6:38032-38625]</td></tr><tr><td colspan="2">(xi) copies of Seller’s files, books, records, computer and/or data files and other information regarding the Property or held by Seller or its property manager in connection with the ownership, operation and management of the Property, specifically excluding, however, any confidential or proprietary information, any joint venture materials between the partners in Seller, and any materials relating to the marketing and sale of the Property. This obligation may be satisfied by Seller causing such materials to be left in the on-site property management office at the Property; and</td></tr></table><br/><a name="385"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #385 [6:38627-38627]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="386"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #386 [6:38629-38703]</td></tr><tr><td colspan="2">(xii) evidence of the termination of Property Management Agreement.</td></tr></table><br/><a name="387"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #387 [6:38705-39018]</td></tr><tr><td colspan="2">(c) On the Closing Date, Purchaser shall deliver the following to Seller, in form and substance reasonably acceptable to Seller, all duly executed by Purchaser, where appropriate, each of which shall be a condition precedent to Seller’s obligation to close the transaction contemplated by this Agreement:</td></tr></table><br/><a name="388"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #388 [6:39020-39020]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="389"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #389 [6:39025-39026]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="390"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #390 [6:39030-39031]</td></tr><tr><td colspan="2">11</td></tr></table><br/><a name="391"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #391 [6:39035-39036]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="392"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #392 [6:39041-39165]</td></tr><tr><td colspan="2">(i) two counterparts of the Acceptance of the Assignment and Assumption as attached on Exhibit F-3, two originals;</td></tr></table><br/><a name="393"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #393 [6:39167-39167]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="394"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #394 [6:39169-39261]</td></tr><tr><td colspan="2">(ii) counterparts of the Seller’s and Purchaser’s closing and proration statements;</td></tr></table><br/><a name="395"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #395 [6:39263-39263]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="396"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #396 [6:39265-39446]</td></tr><tr><td colspan="2">(iii) a certified copy of the resolutions or consent of Purchaser authorizing the transaction contemplated by this Agreement or other satisfactory evidence of authorization;</td></tr></table><br/><a name="397"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #397 [6:39448-39448]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="398"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #398 [6:39450-39545]</td></tr><tr><td colspan="2">(iv) to the extent required by the Title Company, a title affidavit in customary form;</td></tr></table><br/><a name="399"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #399 [6:39547-39547]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="400"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #400 [6:39549-39728]</td></tr><tr><td colspan="2">(v) the Purchase Price, plus or minus prorations and adjustments as provided herein, by wire transfer of immediately available federal funds to or as directed by Seller.</td></tr></table><br/><a name="401"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #401 [6:39730-39730]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="402"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #402 [6:39732-39761]</td></tr><tr><td colspan="2">11. FIRE OR CASUALTY.</td></tr></table><br/><a name="403"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #403 [6:39763-39763]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="404"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #404 [6:39765-40488]</td></tr><tr><td colspan="2">In the event of damage to the Property by fire or other casualty prior to the Closing Date, Seller shall notify Purchaser of such fire or other casualty promptly after Seller becomes aware thereof. Seller shall have no duty to repair such damage. However, Seller may repair any such damage with Purchaser’s prior, written approval and may, without Purchaser’s approval, repair damage where such repair is necessary in Seller’s reasonable opinion to preserve and protect the health and safety of tenants of the Property or to preserve the Property from imminent risk of further damage or if required to do so by Seller’s insurance carrier (the costs thereof being referred to as “Preservation Expenses”). If the fire or ot</td></tr></table><br/><a name="405"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #405 [6:40490-41407]</td></tr><tr><td colspan="2">her casualty causes damage which would cost in excess of One Million Five Hundred Thousand and 00/100 Dollars ($1,500,000.00) to repair (as determined by an independent third party engineering firm engaged by Seller), then Purchaser may elect, by written notice to be delivered to Seller on or before the sooner of (i) the tenth (10th) day after Purchaser’s receipt of such notice or (ii) the Closing Date (provided that if such damage occurs within five (5) days prior to the Closing Date, the Closing Date shall be extended for ten (10) days to permit Purchaser time to evaluate and make such election), to either: (a) close the transaction contemplated by this Agreement and receive: (i) a credit against the Purchase Price in an amount equal to all deductibles and self-insured amounts, if any, under the applicable insurance policies; and (ii) all insurance claims and proceeds payable to Seller as a result of s</td></tr></table><br/><a name="406"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #406 [6:41409-42410]</td></tr><tr><td colspan="2">uch fire or other casualty less any Preservation Expenses and other reasonable repair expenses incurred by Seller, with the same being paid or assigned to Purchaser at Closing, or (b) terminate this Agreement, and receive a return of the Earnest Money, in which case the parties hereto shall have no further obligations hereunder (except for obligations that are expressly stated to survive the termination of this Agreement). If the damage to the Property by fire or other casualty prior to the Closing Date would cost less than or equal to One Million Five Hundred Thousand and 00/100 Dollars ($1,500,000.00) to repair (as determined by an independent third party engineering firm engaged by Seller), Purchaser shall not have the right to terminate its obligations under this Agreement by reason thereof, and Seller shall assign and transfer to Purchaser on the Closing Date all of Seller’s right, title and interest in and to all insurance proceeds paid or payable to Seller on account of such fire</td></tr></table><br/><a name="407"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #407 [6:42412-42528]</td></tr><tr><td colspan="2"> or casualty less any Preservation Expenses and other reasonable repair expenses incurred by Seller and shall provide</td></tr></table><br/><a name="408"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #408 [6:42530-42530]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="409"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #409 [6:42535-42536]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="410"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #410 [6:42540-42541]</td></tr><tr><td colspan="2">12</td></tr></table><br/><a name="411"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #411 [6:42545-42546]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="412"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #412 [6:42550-42550]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="413"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #413 [6:42552-42699]</td></tr><tr><td colspan="2">a credit against the Purchase Price in an amount equal to all deductibles and self-insured amounts, if any, under the applicable insurance policies.</td></tr></table><br/><a name="414"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #414 [6:42701-42701]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="415"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #415 [6:42703-42742]</td></tr><tr><td colspan="2"> 12. CONDEMNATION.</td></tr></table><br/><a name="416"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #416 [6:42744-42744]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="417"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #417 [6:42746-43486]</td></tr><tr><td colspan="2">If, prior to the Closing Date, all or any part of the Property is taken by condemnation or a conveyance in lieu thereof, or if Seller receives notice of a condemnation proceeding with respect to the Property, then Seller shall notify Purchaser of such condemnation or conveyance in lieu thereof promptly after Seller becomes aware thereof. If the taking or threatened taking involves a material portion of the Property (hereinafter defined), Purchaser may elect, by written notice to be delivered to Seller on or before the sooner of (i) the tenth (10th) day after Purchaser’s receipt of such notice, or (ii) the Closing Date (provided that if such taking or notice of a condemnation occurs within five (5) days prior to the Closing Date, t</td></tr></table><br/><a name="418"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #418 [6:43488-44468]</td></tr><tr><td colspan="2">he Closing Date shall be extended for five (5) days to permit Purchaser time to evaluate and make such election), to terminate this Agreement, in which event the Earnest Money shall be returned to Purchaser, and the parties hereto shall have no further obligations hereunder (except for obligations that are expressly stated herein to survive the termination of this Agreement). If Purchaser elects to close this transaction notwithstanding such taking or condemnation, Purchaser shall be entitled to any award paid or payable to Seller as a result of such condemnation proceedings, with the same being assigned to Purchaser at Closing. As used herein, a “material portion of the Property” means any part of the Property reasonably required for the operation of the Property in the manner operated on the date hereof as reasonably determined by Seller and Purchaser. If any taking or threatened taking does not involve a material portion of the Property, Purchaser shall be requ</td></tr></table><br/><a name="419"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #419 [6:44470-44673]</td></tr><tr><td colspan="2">ired to proceed with the Closing, in which event Seller shall assign to Purchaser any award paid or payable to Seller (or the right to receive any such award) as a result of such condemnation proceedings.</td></tr></table><br/><a name="420"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #420 [6:44675-44675]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="421"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #421 [6:44677-44731]</td></tr><tr><td colspan="2"> 13. ADJUSTMENTS AND PRORATIONS.</td></tr></table><br/><a name="422"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #422 [6:44733-44733]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="423"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #423 [6:44735-44979]</td></tr><tr><td colspan="2">Adjustments and prorations with respect to the Property shall be computed and determined between the parties as of 12:01 a.m. on the Closing Date (as if Purchaser were vested with title to the Property during the entire Closing Date) as follows:</td></tr></table><br/><a name="424"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #424 [6:44981-44981]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="425"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #425 [6:44983-45757]</td></tr><tr><td colspan="2">(a) General real estate taxes, special assessments and personal property taxes (including, without limitation, any assessments relating to Permitted Exceptions), business improvement district assessments or similar charges, property owner’s association assessments, if any, water rates and charges, sewer taxes, vault charges and taxes shall be prorated for the year in which closing occurs based on actual days involved as of the Closing Date based on the then current taxes (if known, based on final tax bills for such period -- and if not known, based on the most recent ascertainable taxes) and the special assessments due and owing prior to Closing, and Seller or Purchaser shall receive a credit at Closing, as appropriate. If final taxes or special assessme</td></tr></table><br/><a name="426"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #426 [6:45759-45921]</td></tr><tr><td colspan="2">nts are not known as of the Closing, the parties agree to reprorate when such amounts become known. The provisions of the Section 13(a) shall survive the Closing.</td></tr></table><br/><a name="427"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #427 [6:45923-45923]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="428"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #428 [6:45925-46205]</td></tr><tr><td colspan="2">(b) All rents and other sums receivable from tenants of the Property, which were earned and attributable to the period prior to the Closing Date, will be retained by Seller to the extent that such rents have been collected on or before the Closing Date. Rents earned and</td></tr></table><br/><a name="429"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #429 [6:46207-46207]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="430"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #430 [6:46212-46213]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="431"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #431 [6:46217-46218]</td></tr><tr><td colspan="2">13</td></tr></table><br/><a name="432"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #432 [6:46222-46223]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="433"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #433 [6:46228-47043]</td></tr><tr><td colspan="2">attributable to the period beginning on the Closing Date and thereafter will be paid to Purchaser by the tenants under the Leases, or credited to Purchaser at Closing (if such rents are received by Seller prior to the Closing Date). All payments from tenants, on account of rent or otherwise, received after the Closing Date by Purchaser shall be applied first to rent or other sums then due under the Leases attributable to the period beginning on the Closing Date and continuing thereafter, and then promptly paid to Seller on account of rents which were earned and attributable to the period prior to the Closing Date but which were not paid when due, provided, Purchaser’s obligation shall extend only to such amounts collected within 180 days after the Closing Date. Purchaser shall use commercially reasonabl</td></tr></table><br/><a name="434"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #434 [6:47045-47455]</td></tr><tr><td colspan="2">e efforts to collect or attempt to collect delinquent rentals, but shall not be required to file suit against such tenants or terminate such leases. In the event that, after the Closing, Seller recovers any payments of rent or other sums due from tenants under Leases, Seller shall promptly forward to Purchaser any portion of such payments to which Purchaser is entitled in accordance with this Section 13(b).</td></tr></table><br/><a name="435"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #435 [6:47457-47457]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="436"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #436 [6:47459-48071]</td></tr><tr><td colspan="2">(c) On the Closing Date, Seller shall deliver to Purchaser in cash, as a credit against the Purchase Price or as an adjustment to the prorations provided for elsewhere in this Section 13, as appropriate, an amount equal to the cash security deposits made by tenants occupying the Property which were actually paid to Seller as set forth on Exhibit B and which shall not have been applied by Seller or otherwise pursuant to the Leases, together with interest owing thereon pursuant to the applicable Lease, if any, and together with a listing of the tenants to which such deposits and interest are owing.</td></tr></table><br/><a name="437"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #437 [6:48073-48073]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="438"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #438 [6:48075-48283]</td></tr><tr><td colspan="2">(d) All amounts payable, owing or incurred in connection with the Property under the Contracts to be assumed by Purchaser under the Assignment and Assumption shall be prorated as of the Closing Date.</td></tr></table><br/><a name="439"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #439 [6:48285-48285]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="440"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #440 [6:48287-48838]</td></tr><tr><td colspan="2">(e) All utility deposits, if any, may be withdrawn by and refunded to Seller, and Purchaser shall make its own replacement deposits for utilities as may be required by the respective utilities involved. In the event any payments have been received by Seller in connection with any cable or telephone contracts affecting the Property, such payment amounts, if any, shall be prorated among Seller and Purchaser to the extent any amount of such payments applies to the period of ownership of the Property occurring on or after the Closing Date.</td></tr></table><br/><a name="441"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #441 [6:48840-48840]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="442"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #442 [6:48842-48993]</td></tr><tr><td colspan="2">(f) At Closing, Purchaser first shall pay the entire Purchase Price to Seller and thereafter the Earnest Money shall be refunded to Purchaser.</td></tr></table><br/><a name="443"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #443 [6:48995-48995]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="444"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #444 [6:48997-49537]</td></tr><tr><td colspan="2">(g) All utility charges that are not separately metered to tenants shall be prorated to the Closing Date and Seller shall obtain a final billing therefor and pay any amounts owing therein for the period prior to the Closing Date and Purchaser shall pay any amounts owing for the period on and after the Closing Date. To the extent that utility bills cannot be handled in the foregoing manner, they shall be prorated as of the Closing Date based on the most recent bills available and reprorated when such final bills become known.</td></tr></table><br/><a name="445"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #445 [6:49539-49539]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="446"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #446 [6:49541-49823]</td></tr><tr><td colspan="2">(h) With respect to any matters not addressed by the provisions set forth above in this Section 13, Seller and Purchaser shall prorate as of the Closing Date such other items as are customarily prorated in a purchase and sale of the type contemplated hereunder. Seller and</td></tr></table><br/><a name="447"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #447 [6:49825-49825]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="448"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #448 [6:49830-49831]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="449"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #449 [6:49835-49836]</td></tr><tr><td colspan="2">14</td></tr></table><br/><a name="450"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #450 [6:49838-49838]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="451"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #451 [6:49842-49843]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="452"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #452 [6:49848-49999]</td></tr><tr><td colspan="2">Purchaser shall each reasonably cooperate with the other in connection with any and all prorations and post-Closing reconciliations provided for herein.</td></tr></table><br/><a name="453"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #453 [6:50001-50001]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="454"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #454 [6:50003-50300]</td></tr><tr><td colspan="2">(i) Except as otherwise provided in Section 13(b), each of the provisions of this Section 13 shall survive the Closing until the later of (i) one (1) year after the date of Closing or (ii) three (3) months after the issuance of the final tax bill for the year in which the Closing occurs.</td></tr></table><br/><a name="455"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #455 [6:50302-50302]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="456"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #456 [6:50304-50799]</td></tr><tr><td colspan="2">Not less than two (2) Business Days prior to the Closing, Purchaser shall prepare and deliver to Seller, subject to all the terms and provisions of this Agreement, a closing statement setting forth, inter alia, the closing adjustments and material monetary terms of the transaction contemplated hereby as of the Closing Date, in form reasonably acceptable to Seller. Seller shall cooperate to timely provide Purchaser with the information necessary to prepare and deliver such closing statement.</td></tr></table><br/><a name="457"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #457 [6:50801-50801]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="458"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #458 [6:50803-50836]</td></tr><tr><td colspan="2"> 14. CLOSING COSTS.</td></tr></table><br/><a name="459"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #459 [6:50838-50838]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="460"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #460 [6:50840-51511]</td></tr><tr><td colspan="2">Seller shall pay: (a) the cost to record any releases required to clear title to the Property to the extent required of Seller in accordance with Section 6 hereof, (b) Seller’s attorneys’ fees, (c) one-half of all escrow closing fees and costs, (d) documentary transfer tax (including those imposed by the state, city, county and/or other governmental unit) or other tax imposed on the transfer of the Property, (e) the costs of the Survey and any update thereto, and (f) the commission, if any, due Broker (hereinafter defined). Purchaser shall pay: (i) recording fees for all transfer documents, (ii) the cost of Purchaser’s Owner Policy of Title Insurance (the “Owner</td></tr></table><br/><a name="461"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #461 [6:51513-51941]</td></tr><tr><td colspan="2">s’ Policy”) in the amount of the Purchase Price, any endorsements to the Owner’s Policy and any mortgagee’s title insurance policy and any endorsements thereto, (iii) Purchaser’s attorneys’ fees, (iv) one-half of all escrow closing fees and costs and (v) the fees, costs and expenses of any reports or inspections or other due diligence commissioned by Purchaser in connection with the transaction contemplated by this Agreement.</td></tr></table><br/><a name="462"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #462 [6:51943-51943]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="463"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #463 [6:51945-51975]</td></tr><tr><td colspan="2"> 15. POSSESSION.</td></tr></table><br/><a name="464"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #464 [6:51977-51977]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="465"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #465 [6:51979-52738]</td></tr><tr><td colspan="2">Possession of the Property shall be delivered to Purchaser at Closing, free and clear of all liens and claims other than Permitted Exceptions and the rights of the tenants identified on the Rent Roll and of the parties to the Contracts set forth on Exhibit C. Seller shall also deliver to Purchaser on the Closing Date all keys and access cards to, and combinations to locks and other security devices located at, the Property, to the extent applicable. From and after the Approval Date, and continuing to and following the Closing, Seller shall cooperate with Purchaser and shall cause its property manager (to the extent required of it in the management agreement) to cooperate with Purchaser to accomplish a professional transition of management of the Pr</td></tr></table><br/><a name="466"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #466 [6:52740-52787]</td></tr><tr><td colspan="2">operty to Purchaser and its property manager(s).</td></tr></table><br/><a name="467"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #467 [6:52789-52789]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="468"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #468 [6:52791-52818]</td></tr><tr><td colspan="2"> 16. DEFAULT.</td></tr></table><br/><a name="469"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #469 [6:52820-52820]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="470"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #470 [6:52822-53185]</td></tr><tr><td colspan="2">(a) If Purchaser defaults hereunder, Seller may terminate this Agreement by providing written notice to Purchaser of such default. If Purchaser does not cure such default within five (5) Business Days of receipt of such notice, this Agreement shall terminate (a “Purchaser Default Termination”) and Seller shall retain the Earnest Money and any interest</td></tr></table><br/><a name="471"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #471 [6:53187-53187]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="472"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #472 [6:53192-53193]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="473"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #473 [6:53197-53198]</td></tr><tr><td colspan="2">15</td></tr></table><br/><a name="474"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #474 [6:53202-53203]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="475"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #475 [6:53207-53207]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="476"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #476 [6:53209-53962]</td></tr><tr><td colspan="2">thereon as liquidated damages in full settlement of all claims against Purchaser (with the exception of claims against Purchaser related to obligations which are expressly stated herein to survive the termination of this Agreement). The parties agree that the amount of actual damages that Seller would suffer if the Closing fails to occur as a result of Purchaser’s default hereunder would be extremely difficult to determine and have agreed, after specific negotiation, that the amount of the Earnest Money is a reasonable estimate of Seller’s damages and is intended to constitute a fixed amount of liquidated damages in lieu of other remedies available to Seller and is not intended to constitute a penalty. The provisions of this Section 16(a) sha</td></tr></table><br/><a name="477"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #477 [6:53964-53986]</td></tr><tr><td colspan="2">ll survive the Closing.</td></tr></table><br/><a name="478"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #478 [6:53988-53988]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="479"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #479 [6:53990-53990]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="480"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #480 [6:53992-54167]</td></tr><tr><td colspan="2">PURCHASER AND SELLER ACKNOWLEDGE THAT THEY HAVE READ AND UNDERSTAND THE PROVISIONS OF THIS SECTION 16(a) AND BY THEIR INITIALS IMMEDIATELY BELOW AGREE TO BE BOUND BY ITS TERMS.</td></tr></table><br/><a name="481"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #481 [6:54169-54169]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="482"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #482 [6:54171-54207]</td></tr><tr><td colspan="2">PURCHASER: BFL SELLER: JGE </td></tr></table><br/><a name="483"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #483 [6:54209-54272]</td></tr><tr><td colspan="2"> (Initials) (Initials)</td></tr></table><br/><a name="484"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #484 [6:54276-54276]</td></tr><tr><td colspan="2"> </td></tr></table><br/><a name="485"/>
<table width="100%">
<tr><td class="h" colspan="2">Segment #485 [6:54278-54598]</td></tr><tr><td colspan="2">(b) If Seller defaults hereunder prior to Closing, or if prior to Closing it is determined that the representations and warranties set forth in this Agreement shall not be true and correct in all material respects on the Date of Agreement and as of the Closing Date, then Purchaser’s sole remedy shall be either:</td></tr></table><br/><a name="486"/>