Purchase Money Note Sample Contracts

PURCHASE MONEY NOTE
Purchase 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.

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SECOND AMENDMENT TO PURCHASE MONEY NOTE
Purchase Money Note • December 20th, 2019 • MMA Capital Holdings, Inc. • Real estate

THIS SECOND AMENDMENT TO PURCHASE MONEY NOTE (this “Second Amendment”) is made as of the 20th day of December, 2019, by HUNT FS HOLDINGS II, LLC, a Delaware limited liability company (“Maker”) in favor of MMA CAPITAL HOLDINGS, INC., a Delaware corporation (f/k/a MMA Capital Management, LLC, a Delaware limited liability company) (“Payee”) is an amendment to that certain Purchase Money Note dated January 8, 2018, from Maker to Payee in the original principal amount of $57,000,000 (the “Original Note”), which original principal sum was increased to $67,000,000 pursuant to that certain Allonge to Purchase Money Note dated as of October 4, 2018 (the “Allonge”) executed by Maker in favor of Payee, and as amended by that certain First Amendment to Purchase Money Note dated January 18, 2019, providing for a change in amortization payments (the “First Amendment” and together with the Original Note and the Allonge, the “Note”).

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