PROPERTY MANAGEMENT AGREEMENTProperty Management Agreement • November 12th, 2010 • Steadfast Income REIT, Inc. • Real estate investment trusts
THIS PROPERTY MANAGEMENT AGREEMENT (this “Agreement”) is made and entered into as of August 11, 2010 (the “Effective Date”), by and between SIR LINCOLN TOWER, LLC, an Illinois limited liability company (“Owner”), and STEADFAST MANAGEMENT CO., INC., a California corporation (“Manager”).
PURCHASE MONEY NOTEPurchase Money Note • November 12th, 2010 • Steadfast Income REIT, Inc. • Real estate investment trusts
FOR VALUE RECEIVED, the undersigned (“Borrower”) jointly and severally (if more than one) promises to pay to the order of TOWNE REALTY, INC. d/b/a LINCOLN TOWER, INC., the principal sum of Six Million Six Hundred Fifty Thousand and No/100 Dollars (US $6,650,000.00) or so much thereof as shall be outstanding from time to time, with interest accruing at the Interest Rate on the unpaid principal balance from the Disbursement Date until fully paid.
FIRST AMENDMENT TO PURCHASE AGREEMENTPurchase Agreement • November 12th, 2010 • Steadfast Income REIT, Inc. • Real estate investment trusts • Illinois
This FIRST AMENDMENT TO PURCHASE AGREEMENT (this “Amendment”) is entered into as of May 14, 2010 (the “Amendment Date”), by and between CHICAGO TITLE LAND TRUST COMPANY, as Trustee under Trust Number 51-0615-0 dated August 15, 1967, an Illinois Land Trust by Towne Realty, Inc. d/b/a Lincoln Tower, Inc., as authorized beneficiary (“Seller”), and STEADFAST ASSET HOLDINGS, INC., a California corporation, or its assigns (“Buyer”).
ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENTAssignment and Assumption of Purchase Agreement • November 12th, 2010 • Steadfast Income REIT, Inc. • Real estate investment trusts
For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, STEADFAST ASSET HOLDINGS, INC., a California corporation (“Assignor”), hereby assigns to SIR LINCOLN TOWER, LLC, an Illinois limited liability company (“Assignee”), all of Assignor’s rights and obligations under and in regard to that certain Purchase Agreement dated as of March 25, 2010, as amended, between CHICAGO TITLE LAND TRUST COMPANY, as Trustee under Trust Number 51-0615-0 dated August 15, 1967, an Illinois land trust (“Seller”) and Assignor (as amended, the “Purchase Agreement”) for the purchase and sale of that certain real property located at 520 South Second Street, Springfield, Illinois, as more particularly described in Exhibit A attached hereto (the “Property”).
PURCHASE MONEY MORTGAGE, ASSIGNMENT OF RENTS, LEASES AND SECURITY AGREEMENT (ILLINOIS) Permanent Real Estate Tax Index No.: Part of 14-34-154-020 Common (Street) Address of Property:Leases and Security Agreement • November 12th, 2010 • Steadfast Income REIT, Inc. • Real estate investment trusts
THIS PURCHASE MONEY MORTGAGE, ASSIGNMENT OF RENTS, LEASES AND SECURITY AGREEMENT (the “Instrument”) is dated as of the 11th day of August, 2010, between SIR LINCOLN TOWER, LLC, a limited liability company organized existing under the laws of the State of Illinois, whose address is c/o Steadfast Companies, 18100 Von Karman Avenue, Suite 500, Irvine, CA 92612, as mortgagor (“Borrower”), and TOWNE REALTY, INC. d/b/a LINCOLN TOWER, INC., whose address is c/o Towne Realty, Inc., 710 N. Plankinton Avenue, #1400, Milwaukee, Wisconsin 53203, as mortgagee (“Lender”).
PURCHASE AGREEMENTPurchase Agreement • November 12th, 2010 • Steadfast Income REIT, Inc. • Real estate investment trusts
THIS PURCHASE AGREEMENT (“Agreement”) is made as of the 25th day of March 2010, by and between CHICAGO TITLE LAND TRUST COMPANY, as Trustee under Trust Number 51-0615-0 dated August 15, 1967, an Illinois Land Trust by Towne Realty, Inc. d/b/a Lincoln Tower, Inc., as authorized beneficiary (“Seller”), and STEADFAST ASSET HOLDINGS, INC., a California corporation, or its assigns (“Buyer”).
