MULTIFAMILY MORTGAGE, ASSIGNMENT OF RENTS AND SECURITY AGREEMENT (PENNSYLVANIA – REVISION DATE 05-11-2004)And Security Agreement • June 5th, 2008 • National Property Investors 4 • Real estate
THIS MULTIFAMILY MORTGAGE, ASSIGNMENT OF RENTS AND SECURITY AGREEMENT (the “Instrument”) is made to be effective as of the 30th day of May, 2008, between NATIONAL PROPERTY INVESTORS 4, a limited partnership organized and existing under the laws of California, whose address is c/o AIMCO, Stanford Place 3, 4582 South 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, as mortgagee (“Lender”). Borrower's organizational identification number, if applicable, is 198421600037.
MULTIFAMILY NOTE MULTISTATE – FIXED RATE (REVISION DATE 2-15-2008)Multifamily Note • June 5th, 2008 • National Property Investors 4 • Real estate
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 Ten Million and 00/100 Dollars (US $10,000,000.00), with interest on the unpaid principal balance, as hereinafter provided.
