HomeMy WebLinkAbout1241 i •
. j
. 4. Ui~pU3e ul' F111 U1' idly i~ut•I. ~t?:t l~!' thc~ t;',:1 i'r^•,•'r`,i
and any after-acquired c:ontil;uoua !.:reel r_ f'err~c: to 3bova
upon such tt~rms :lr.d ::~?ncil t f ons :cr:d Cr~r• ~ccr•: c~un.i itiNrat l~~n 4J
thN G~nerrll P,;rtn~~c• r.!ay ~1~.Nrn ~;>l~rvl,:•i.:t~', :rricl tills I~c,wer of
dimposit..<~I ~hsll inclu..~ t~ ,~r••I• 11, t .!1-,
4-xeharge, 'Irl~.! 1lal2c~le ~ln~1 r_~'gott~.L'e :~~~r.:~~.~mns.ion, cnn:;ist~nt tt
~;ith the I:urposes si,t 2'a: th in l~n I. hereof; provic!ed,
however, Chat the Gene^al Partncar r.:ply. not sell, lease,tr3de
or exchange all or substantially all of the Real Property,
or sell, lease, trade or exchange nny of the steal Property
a: may be imFroved by building or :similar structure, riithout
the written consent of [~Irnited I':trtncrs owning a ma~orit.y of
the total ,Nits tt:en owned. ~ail.t written corsl~nt shall
specify Lhe terms, cor.~iitlons, t.}Taa :'~ti considt'rtttlon et' :ley
sue?-. ,;a,e ,_•~ase•, tr.•~cle ot• ~xr}c~ttt~,~~ .
5. t~~r cron~•y fr~~r:: lr~1Cr~~_: ~ t:L1'••I' 1C'.ri_i1n~; in:ititlltiUtlS
• ~l::c ot::e: _..::~`'e:s for ar:~• purpc?,~~~ ~i' the Litrit~d Partnership,
:sass i:~ c•~: ~:ion Lhrrewlttl to is::ue motes, debentures and
atite:^ ~ -~cut•it' es ::ncl to liyl:c>r;:~~c::ttc• !size asset:; of trc-
!..ir^i t?:: -::~rship to secure 2•enayrlent of the: burro°aed :,urns,
Ycept ~.!~v Genzral Partner may not acquire any ccrtiguous
::arc~?s, r: Finance nor pl ace a rrort~rs.ge on such of the
i
~ I'.eal °ro~ertS. wY:ic:h rrsy be then encuribered, without the con- I
I
sent o. :.;i:..lted I'drtners vwninK a majority of the Units
ct.ned (2s ::ereinabove defined); no 'uank, other lending
iratitutior. or other lender to t~hich a plication is made for
p
a loan by Lhc~ General Partner on t.rhaif of the Lir.:itec
Partnership :hall he recluirr~cj to Lnnuire as to tr:t~ purpose:~
;i~r whictr such loan fs sought; nrti, a:: between this Listed
:'artnership .zed :~•uch bank, other 1`~n:.Iing institution or
i'
crAsuned Chst th•~ r. c-
c?ther lend~_ ~ , i t ~l:al l c ~~n~,lus' ve ly~ lie i
Cec'(iS C'1 ~.t:.:ti: loan Ire LC' be c~:C} .,'1 ;.1 1`E' LI3r'~ fOt• ttil°. E'~iiT"~ %.i"~
t
f illlt}102'{::~' S:n~:E"• 1.11%:: 11~`I^n.sr~n(l'' ~ ;
41 6. }t:;::~iT:, zt l,r.t~ t.`:•• Lip:*,~•r. •r`• ,
adequate records end :1r~;,~...__ _ 'I c;~~^s~ion.. ex-~.._._ ~
taros as _ '_'crtt: : r. ~ ~
8~~~ POsE~~ ~ .
_U_