NOTICE OF DISAPPROVAL
The undersigned, the Purchaser under that certain Agreement dated January
28th, 1997, as amended on January 30, 1997, providing for the sale by
Courtyards of Kendall Limited Partnership, an Illinois limited partnership of
property located in Miami, Florida and known as Courtyards at ▇▇▇▇▇▇▇ does
hereby, pursuant to the provisions of the Agreement, terminate the Agreement
prior to the "Disapproval Date" as defined in this Escrow Agreement and does
hereby request that Charter Title Company, as Escrow Agent, return the ▇▇▇▇▇▇▇
Money under this Escrow Agreement to the undersigned.
Dated: February 27, 1997
WATERTON ASSOCIATES, LLC,
a limited liability company
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
----------------------------------
DISTRIBUTION LIST
Seller:
c/o The Balcor Company
▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Attention: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Telephone: (▇▇▇) ▇▇▇-▇▇▇▇
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
Copy to:
▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇
▇▇▇ ▇. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Attention: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Telephone: (▇▇▇) ▇▇▇-▇▇▇▇
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
Escrow Agent
Charter Title Company
▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇.
Suite 200
Sugar Land, Texas 77479
Attention: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Telephone: (▇▇▇) ▇▇▇-▇▇▇▇
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
