Common use of Financial Status Clause in Contracts

Financial Status. A. Replacement Reserve is: Fully-funded Under-funded Amount (complete attached schedule) Tax/Insurance Escrow is: Fully-funded Under-funded Amount (complete attached schedule) Property is operating at a: Surplus Deficit Amount If deficit, General Partner funding? Yes No Amount Mortgage Payments are: On Schedule Delinquent Amount Are the taxes current? Yes No (please provide copy of paid tax xxxx) Is the insurance current? Yes No Renewal Date (please provide copy of yearly renewal) B. Please note and explain any significant changes in the following: Administrative Expense Increase Decrease Amount ------------------------------------------------------------------------ ------------------------------------------------------------------------ Repairs/Maintenance Expense Increase Decrease Amount ------------------------------------------------------------------------ ------------------------------------------------------------------------ Utility Expense Increase Decrease Amount ------------------------------------------------------------------------ ------------------------------------------------------------------------ Taxes/Insurance Expense Increase Decrease Amount ------------------------------------------------------------------------ ------------------------------------------------------------------------

Financial Status. A. Replacement Reserve is: Fully-funded Under-funded Amount (complete attached schedule) Tax/Insurance Escrow is: Fully-funded Under-funded Amount (complete attached schedule) Property is operating at a: Surplus Deficit Amount If deficit, General Partner funding? Yes No Amount Mortgage Payments are: On Schedule Delinquent Amount Are the taxes current? Yes No (please provide copy of paid tax xxxxbill) Is the insurance current? Yes No Renewal Date (please provide copy of yearly renewal) B. Please note and explain any significant changes in the following: Administrative Expense Increase Decrease Amount ------------------------------------------------------------------------ ------------------------------------------------------------------------ Repairs/Maintenance Expense Increase Decrease Amount ------------------------------------------------------------------------ ------------------------------------------------------------------------ Utility Expense Increase Decrease Amount ------------------------------------------------------------------------ ------------------------------------------------------------------------ Taxes/Insurance Expense Increase Decrease Amount ------------------------------------------------------------------------ ------------------------------------------------------------------------