Exhibit 10.11


 


PREPARED BY AND


AFTER RECORDING RETURN TO:


Sameer Upadhya, Esq.


Krooth
& Altman LLP


1850 M Street, NW, Suite 400


Washington, DC 20036


 


Freddie Mac Loan No. 708060749


 


ASSIGNMENT OF SECURITY
INSTRUMENT


(Revision Date 11-01-2000)


 


FOR VALUABLE CONSIDERATION, KEYCORP
REAL ESTATE CAPITAL MARKETS, INC., a
corporation, organized and existing under the laws of Ohio (the "Assignor"), having its principal office at c/o
KeyBank Real Estate Capital - Servicing Department, 11501 Outlook Street, Suite #300,0verland Park, Kansas 66211, Mailcode:
KS-01-11-0501, Attn: Servicing Manager, hereby assigns, grants, sells and transfers to the FEDERAL
HOME LOAN MORTGAGE CORPORATION, a corporation organized and existing under the laws of the United States (the
"Assignee"), having its principal place of business at 8200 Jones Branch Drive, McLean, Virginia 22102, and the
Assignee's successors, transferees and assigns forever, all of the right, title and interest of the Assignor in and to the
Multifamily Mortgage dated as of September 12, 2012, entered into by VILLAGE
GREEN OF ANN ARBOR ASSOCIATES, LLC, a Michigan
limited liability company (the "Borrower") for the benefit of the
Assignor, securing an indebtedness of the Borrower to the Assignor in the principal
amount of $43,200,000.00, and recorded in the land records of Washtenaw County, Michigan immediately prior hereto (the
"Instrument"), which indebtedness is secured by the property described in Exhibit A, attached to this
Assignment and incorporated into it by this
reference.


 


Together with the note
or other obligation described in the Instrument and all obligations secured by the Instrument now or in the future.


 


[DOCUMENT EXECUTION AND
ACKNOWLEDGMENT OCCUR ON THE FOLLOWING PAGES]


 







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IN WITNESS WHEREOF, the Assignor has executed
this Assignment as of the 12th day of September, 2012.


 


	 	ASSIGNOR:
	 	 
	 	KEYCORP REAL ESTATE CAPITAL MARKETS, INC.
	 	an Ohio corporation
	 	 	 	 
	 	By:	/s/ Randall W. Conley 	 
	 	 	Randall W. Conley	 
	 	 	Vice President	 


 


ACKNOWLEDGMENT


 


	STATE OF TEXAS	)
	 	) ss:
	COUNTY OF DALLAS	)


 


The
foregoing instrument was acknowledged before me this _______ day of September, 2012
by Randall W. Conley as Vice President of KeyCorp Real Estate Capital Markets, Inc., an Ohio corporation, on behalf of
the corporation.


 


	/s/ Carolyn A. Foster 	 	 
	Notary Public	 	CAROLYN A. FOSTER
	Printed Name: 	Carolyn A. Foster 	 	Notary Public, State of Texas
	My Commission Expires:	 	My Commission Expires
	 	 	July 11, 2016
	7/11/2016	 	 


 




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EXHIBIT A


Legal Description


 


Land
Situated in the Township of Ann Arbor in the County of Washtenaw in the State of Michigan:


 


Parcel A:


 


Part
of the Southwest 114 of Section 25, Town 2 South, Range 6 East, Township of Ann Arbor, Washtenaw County, Michigan, described as:
Commencing at the South 114 corner of said Section 25; thence North 00 degrees 58 minutes 22 seconds West 294.86 feet along the
North and South 1/4 line of said Section and the centerline of Dixboro Road for a place of beginning; thence North 87 degrees 43
minutes 42 seconds West 72.60 feet along the centerline of Geddes Road; thence North 02 degrees 16 minutes 07 seconds East 70.00
feet; thence North 87 degrees 43 minutes 42 seconds West 439.97 feet along the North line of Geddes Road; thence along the Easterly
Right of Way line of Highway US-23 along the following 7 courses: North 42 degrees 48 minutes 11 seconds West 211.54 feet, North
02 degrees 18 minutes 16 seconds East 220.02 feet, North 45 degrees 29 minutes 34 seconds West 136.39 feet, North 18 degrees 43
minutes 54 seconds West 102.70 feet, South 88 degrees 43 minutes 45 seconds West 64.53 feet, North 45 degrees 29 minutes 34 seconds
West 312.88 feet, and North 24 degrees 09 minutes 47 seconds West 206.14 feet; thence North 78 degrees 44 minutes 23 seconds East
272.46 feet; thence North 05 degrees 54 minutes 59 seconds West 87.46 feet; thence South 83 degrees 34 minutes 44 seconds West
44.78 feet; thence North 07 degrees 50 minutes 22 seconds West 121.13 feet; thence North 73 degrees 08 minutes 45 seconds East
56.94 feet; thence North 21 degrees 13 minutes 42 seconds West 136.77 feet; thence North 42 degrees 15 minutes 48 seconds East
29.73 feet; thence South 46 degrees 24 minutes 27 seconds East 141.50 feet; thence North 38 degrees 20 minutes 03 seconds East
189.45 feet; thence South 72 degrees 39 minutes 23 seconds East 67.05 feet; thence North 17 degrees 40 minutes 39 seconds East
282.08 feet; thence South 17 degrees 56 minutes 12 seconds East 91.96 feet; thence South 85 degrees 51 minutes 19 seconds East
69.18 feet; thence North 72 degrees 31 minutes 31 seconds East 56.61 feet; thence South 44 degrees 46 minutes 31 seconds East 59.00
feet; thence South 71 degrees 31 minutes 09 seconds East 48.84 feet; thence North 45 degrees 13 minutes 29 seconds East 225.00
feet; thence North 89 degrees 02 minutes 10 seconds East 125.09 feet to the North and South 1/4 line of Section 25; thence along
said line, also being the centerline of Dixboro Road, South 00 degrees 58 minutes 22 seconds East 1813.15 feet to the place of
beginning.


 




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Parcel B:


 


Part of
the Southwest 1/4 of Section 25, Town 2 South, Range 6 East, Township of Ann Arbor, Washtenaw County, Michigan, described as:
Commencing at the South 1/4 corner of said Section 25; thence North 00 degrees 58 minutes 22 seconds West 2108.01 feet along
the North and South 1/4 line of said Section and the centerline of Dixboro Road; thence South 89 degrees 02 minutes 10
seconds West 125.09 feet; thence South 45 degrees 13 minutes 29 seconds West 225.00 feet; thence
North 71 degrees 31 minutes 09 seconds West 48.84 feet; thence North 44 degrees 46 minutes 31 seconds West 59.00 feet; thence
South 72 degrees 31 minutes 31 seconds West 56.61 feet; thence North 85 degrees 51 minutes 19 seconds West 69.18 feet; thence
North 17 degrees 56 minutes 12 seconds West 91.96 feet to a place of beginning; thence South 17 degrees 40 minutes 39 seconds
West 282.08 feet; thence North 72 degrees 39 minutes 23 seconds West 67.05 feet; thence South 38 degrees 20 minutes 03
seconds West 189.45 feet; thence North 46 degrees 24 minutes 27 seconds West 141.50 feet; thence South 42 degrees 15 minutes
48 seconds West 29.73 feet; thence South 21 degrees 13 minutes 42 seconds East 136.77 feet; thence South 73 degrees 08
minutes 45 seconds West 56.94 feet; thence South 07 degrees 50 minutes 22 seconds East 121.13 feet; thence North 83 degrees
34 minutes 44 seconds East 44.78 feet; thence South 05 degrees 54 minutes 59 seconds East 87.46 feet; thence South 78 degrees
44 minutes 23 seconds West 272.46 feet; thence along the East line of Highway US-23, 300 feet wide, North 24 degrees 09
minutes 47 seconds West 105.13 feet; thence North 01 degrees 05 minutes 26 seconds West 991.33 feet; thence South 72 degrees
13 minutes 31 seconds East 234.21 feet; thence South 85 degrees 31 minutes 30 seconds East 115.35 feet; thence South 24
degrees 16 minutes 13 seconds East 245.72 feet; thence North 85 degrees 01 minutes 49 seconds East 138.52 feet; thence North
65 degrees 54 minutes 20 seconds East 50.61 feet; thence South 17 degrees 56 minutes 12 seconds East 98.98 feet to the place
of beginning.


 


EASEMENT PARCEL:


 


TOGETHER
WITH those certain perpetual, reciprocal, non-exclusive easements for storm drainage, water supply, sanitary sewer, fire lane,
utilities, and landscaping as set forth in that certain Easement Agreement dated September 22, 1987 by and between Village Green
of Ann Arbor Associates Limited Partnership and HSF Associates II Limited Partnership, recorded
October 30, 1987 in Liber 2185, Page 893 of the Records of Washtenaw County, Michigan, as amended by First Amendment of Easement
Agreement recorded January 4, 1995 in Liber 3065, Page 683 of the Records of Washtenaw County, Michigan.


 


Informational Note for
Recordation Purposes:


Tax Identification Numbers
09-25-325-003 (as to Parcel A) and 09-25-325-005 (as to Parcel B)


 




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