ASSIGNMENT AND ASSUMPTION OF REAL ESTATE PURCHASE AND SALE AGREEMENTAssignment and Assumption of Real Estate Purchase and Sale Agreement • September 16th, 2021 • Aei Net Lease Income & Growth Fund Xx Limited Partnership • Real estate • Iowa
THIS ASSIGNMENT AND ASSUMPTION OF REAL ESTATE PURCHASE AND SALE, AGREEMENT (this "Assignment") is made and entered into as of the 26th day of August 2021, (the "Assignment Effective Date") by and between GRAND PRAIRIE PARTNERS, LLC, an Iowa limited liability company ("Assignor"), and RIZZUTI HOLDINGS III, LLC, an Iowa limited liability company ("Rizzuti"), and AJE PROPERTIES II L.C., an Iowa limited liability company ("AJE), as tenants-in common. Rizzuti and AJE are collectively referred to herein as "Assignee". For value received, and in consideration of the sum of Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the patties hereto agree to the following recitals, terms and conditions:
PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • September 16th, 2021 • Aei Net Lease Income & Growth Fund Xx Limited Partnership • Real estate
, 20 , by and between AEI NET LEASE INCOME & GROWTH FUND XX LIMITED PARTNERSHIP, a Minnesota limited partnership, as to an undivided 70% interest, and AEI INCOME & GROWTH FUND 27 LLC, a Delaware limited liability company, as to an undivided 30% interest, together as tenants in common (collectively, “Assignor”) in favor of [INSERT NAME OF BUYER OR ASSIGNEE] (“Assignee”).
