MULTIFAMILY MORTGAGE, ASSIGNMENT OF RENTS AND SECURITY AGREEMENT (ILLINOIS – REVISION DATE 05-11-2004) THIS INSTRUMENT IS NOT TO BE USED FOR MULTIFAMILY PROPERTIES CONTAINING 5 OR 6 RESIDENTIAL UNITS IF ANY RESIDENTIAL UNIT IS OWNER-OCCUPIEDAnd Security Agreement • October 4th, 2007 • Consolidated Capital Institutional Properties 2 • Real estate investment trusts
THIS MULTIFAMILY MORTGAGE, ASSIGNMENT OF RENTS AND SECURITY AGREEMENT (the "Instrument") is made to be effective as of the 28th day of September, 2007, between CCIP/2 HIGHCREST, L.L.C., a limited liability company organized and existing under the laws of Delaware, whose address is c/o AIMCO, Stanford Place 3, 4582 S. Ulster St. Parkway, Suite 1100, Denver, Colorado 80237, as mortgagor ("Borrower"), and CAPMARK BANK, an industrial bank organized and existing under the laws of Utah, whose address is 6955 Union Park Center, Suite 330, Midvale, Utah 84047, Attn: President, with a copy to Capmark Finance, Inc., 116 Welsh Road, Horsham, Pennsylvania 19044, Attn: Servicing - Executive Vice President, as mortgagee ("Lender"). Borrower's organizational identification number, if applicable, is 3485930.
MULTIFAMILY NOTE MULTISTATE – FIXED TO FLOATMultifamily Note • October 4th, 2007 • Consolidated Capital Institutional Properties 2 • Real estate investment trusts
FOR VALUE RECEIVED, the undersigned (together with such party's or parties' successors and assigns, "Borrower"), jointly and severally (if more than one) promises to pay to the order of CAPMARK BANK, a Utah industrial bank, the principal sum of Eleven Million One Hundred Seventy-Five Thousand and 00/100 Dollars (US $11,175,000.00), with interest on the unpaid principal balance, as hereinafter provided.
