Document:

Third Amendment to Mortgage, Assignment of Leases and Rents, Security Agreement

 Exhibit 10.10 
 THIS DOCUMENT PREPARED BY: 
  

			
		  	Original Mortgage Reference:
	 A. Michelle Willis, Esq.
 Troutman Sanders LLP
 600 Peachtree Street, NE
 Atlanta, Georgia 30308
	  	 Mortgage, Assignment of Leases
 and Rents, Security Agreement and
 Fixture Filing recorded 9/27/2006
 as Document Number 4310329,
 Hennepin County, Minnesota

 THIRD AMENDMENT TO MORTGAGE, 
 ASSIGNMENT OF LEASES AND RENTS, 
 SECURITY AGREEMENT AND FIXTURE
FILING 
 THIS IS A MORTGAGE AMENDMENT, AS DEFINED IN MINNESOTA STATUTES SECTION 287.01, SUBDIVISION 2, AND AS
SUCH IT DOES NOT SECURE A NEW OR INCREASED AMOUNT OF DEBT. 
 This Third Amendment to Mortgage, Assignment
of Leases and Rents, Security Agreement and Fixture Filing (“Amendment”) is made and entered into as of December 4, 2009, effective as of November 30, 2009, by and between WELLS VAF – 6000 NATHAN LANE,
LLC, a Delaware limited liability company, whose address is 6200 The Corners Parkway, Suite 250, Norcross, Georgia 30092 (“Mortgagor”), and BANK OF AMERICA, N.A., a national banking association (as successor by
merger to LaSalle Bank National Association), whose place of business is Bank of America Plaza, Suite 600, 600 Peachtree Street, N.E., Atlanta, Georgia 30308, Attn: Commercial Real Estate Banking (“Administrative Agent”);

 W I T N E S S E T H : 
 WHEREAS, Administrative Agent, certain other financial institutions from time to time party thereto
(“Lenders”), and Wells Mid Horizon Value Added Fund I, LLC, a Georgia limited liability company (“Borrower”), have entered into that certain Credit Agreement dated as of June 30, 2006, as amended by that
certain First Consolidated Amendatory Agreement dated as of November 21, 2008, by and between Administrative Agent and Borrower, as further amended by that certain Second Consolidated Amendatory Agreement dated as of June 30, 2009, by and
between Administrative Agent and Borrower, as further amended by that certain Third Consolidated Amendatory Agreement dated as of September 30, 2009 by and between

  

 PAGE 1 

 
Administrative Agent and Borrower, and as is being amended contemporaneously herewith by the Fourth Consolidated Amendatory Agreement, as hereinafter defined (as amended and as it may hereafter
be further amended, modified, supplemented, restated, extended, or renewed and in effect from time to time, the “Credit Agreement”), which Credit Agreement sets forth the terms and conditions of a loan from Administrative Agent and
Lenders to Borrower in an original principal amount up to Twenty-Five Million and No/100 Dollars ($25,000,000.00) (the “Loan”); 
 WHEREAS, the Loan is evidenced by that certain Note dated as of June 30, 2009 and, potentially, certain additional Notes upon and of such other date that any additional financial institution becomes
a Lender under the Credit Agreement, executed by Borrower and payable to the order of each Lender in the aggregate principal face amount of Twenty-Five Million and No/100 Dollars ($25,000,000.00) (such notes, as they may hereafter be renewed,
extended, supplemented, increased or modified in effect from time to time, and all other notes given in substitution therefor, or in modification, renewal or extension thereof, in whole or in part, are hereinafter collectively called the
“Note”); 
 WHEREAS, to secure the Loan, inter alia, Mortgagor made, executed,
and delivered to Administrative Agent for the benefit of Lenders that certain Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated as of September 20, 2006, and recorded September 27, 2006, as Document
Number 4310329, Hennepin County, Minnesota records, as amended by that certain First Amendment to Mortgage Assignment of Leases and Rents Security Agreement and Fixture Filing dated as of June 30, 2009, and recorded July 28, 2009, as
Documents Number T4667329, aforesaid records, and as further amended by that certain Second Amendment to Mortgage Assignment of Leases and Rents Security Agreement and Fixture Filing dated as of September 30, 2009, and recorded October 7,
2009, as Documents Number T4693491, aforesaid records (as so amended, and as it may hereafter be renewed, extended, supplemented, increased or modified and in effect from time to time, and all other security instruments given in substitution
therefor, or in modification, renewal or extension thereof, in whole or in part, is herein called the “Mortgage”; the Credit Agreement, the Note, the Mortgage and all other documents executed in connection with the Loan collectively
the “Loan Documents”), granting Administrative Agent a lien on certain real property owned by Mortgagor as described therein (the “Property”); 
 WHEREAS, the Loan will mature on November 30, 2009, and Borrower has requested that Administrative Agent and Lenders extend the maturity date and make certain other amendments
to the Loan Documents, and Administrative Agent, Lenders and Borrower are contemporaneously herewith entering into that certain Fourth Consolidated Amendatory Agreement dated on or about the date hereof to effect said extension and other
modifications (the “Fourth Amendment”); and 
 WHEREAS, Administrative Agent and Lenders have
agreed to amend the Mortgage as hereinafter provided. 
 NOW, THEREFORE, in consideration of the premises, the
mutual covenants contained herein, and the sum of Ten and No/100 Dollars ($10.00), paid in hand by each party to the other, the receipt, adequacy and sufficiency of all of which are hereby acknowledged, the parties agree as follows: 
  

 PAGE 2 

 1.        Amendment of
Mortgage.    Section 39(e) of the Mortgage is hereby amended by deleting the date “November 30, 2009” and by inserting the phrase “April 30, 2010, unless extended to November 30, 2010 in accordance
with the terms of Section 2.6 of the Credit Agreement or” in place and in stead thereof. 
 2.        Amendment of Loan Documents.    The Mortgage is further amended hereby such that all references therein to the “Mortgage” shall be deemed to include all
amendments and modifications thereto (including, without limitation, this Amendment), as may now exist or as may be hereafter executed by Mortgagor and Administrative Agent. 
 3.        Relationship of Mortgagor and Borrower.    Mortgagor acknowledges that it is a wholly owned subsidiary of
Borrower. Mortgagor further acknowledges that it received a material and substantial benefit by entering into the Mortgage, and is receiving a material and substantial benefit from the extension of the maturity of the Credit Agreement, because
Borrower made funds available to Mortgagor for the purchase of the Property and without the granting of the Mortgage to Administrative Agent said funds would not have been available to Borrower, and accordingly, Mortgagor acknowledges and agrees
that the Mortgage was at the time made supported by reasonable and adequate consideration. Further, Mortgagor did not intend to defraud any of its creditors by execution and delivery of the Mortgage. Mortgagor was not insolvent, and Mortgagor was
not rendered insolvent by virtue of such Mortgage. Mortgagor entered into the Mortgage, and is consenting hereby to the Fourth Amendment, after a determination by Mortgagor that, in its opinion, the fair market value of the benefits to be derived by
it from such execution of the Mortgage and the extension of maturity effected by the Fourth Amendment equaled or exceeded the cost and expense incurred by Mortgagor under or in connection with the Mortgage. 
 4.        Consent to Fourth Amendment and
Waivers.    Mortgagor consents to each and every term of the Fourth Amendment and acknowledges that the term of the Credit Agreement is extended thereby. 
 5.        Counterparts.    This Amendment may be executed
in any number of counterparts and by different parties hereto in separate counterparts, each of which, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the
same instrument; and any signature page from any such counterpart or any electronic facsimile thereof may be attached or appended to any other counterpart to complete a fully executed counterpart of this Agreement and any telecopy or other facsimile
transmission of any signature shall be deemed an original and shall bind such party. 
 7.        Governing Law.    This Amendment shall be governed by, and construed in accordance with, the laws of the State of Minnesota. 
 8.        Binding; Successors and Assigns.    This
Amendment shall be binding upon and inure to the benefit of the successors and permitted assigns of the parties hereto. 
 9.        Ratification.    The Loan Documents, as amended herein and by the Fourth Amendment, remain in full force and effect in
accordance with their respective terms, and Mortgagor and Administrative Agent hereby ratify and affirm the same. Mortgagor acknowledges

  

 PAGE 3 

 
that it is fully obligated under the terms of the Mortgage, that it has no offsets or defenses with respect to its obligations thereunder, and that it has no claims or counterclaims against
Administrative Agent or any of the Lenders, whether related to the Loan or otherwise. 
 10.        No Novation.    Borrower, Administrative Agent, and Lenders hereby agree that nothing herein or in the other Loan Documents, as modified hereby, shall in any way
waive Administrative Agent’s or Lenders’ rights, powers or remedies under the Loan Documents; (ii) shall in any way limit, impair or prejudice Administrative Agent or Lenders from exercising any past, present or future right, power or
remedy from and after the date hereof under the Loan Documents; and (iii) shall not constitute or be deemed to be a novation of the indebtedness evidenced and secured by the Loan Documents. 
 11.        Incorporation of Recitals.    The recitals set
forth at the beginning of this Amendment are confirmed by the parties as true and correct and are incorporated herein by reference. The recitals are a substantive, contractual part of this Amendment. 
 [Remainder of page intentionally left blank] 
  

 PAGE 4 

 IN WITNESS WHEREOF, Mortgagor and Administrative Agent have executed and
sealed this Amendment as of the day and year first above written. 
  

					
	 MORTGAGOR:

	
	 WELLS VAF – 6000 NATHAN LANE, LLC, a Delaware limited liability company

		
	 By:
	 	 Wells Mid-Horizon Value-Added Fund I, LLC, a Georgia limited liability company, its Sole Member

			
		 	 By:
	 	   Wells Investment Management Company,

		 		 	   LLC, its Manager

			
		 	 By:
	 	 /s/ Kevin
Hoover                    (Seal)

		 		 	            Kevin A. Hoover

		 		 	            President

  

			
	 STATE OF Georgia                                

	 	 )

		 	 ) SS.

	COUNTY OF Fulton                              	 	 )

 I,
Jackie Nagle and for said County, in the State aforesaid, do hereby certify that Kevin A. Hoover, the President of Wells Investment Management Company, LLC, a Georgia limited liability company, the Manager of Wells Mid-Horizon Value-Added
Fund I, LLC, a Georgia limited liability company, the sole member of Wells VAF-6000 Nathan Lane, LLC, a Delaware limited liability company, who is personally known to me to be the same person whose name is subscribed to the foregoing instrument as
such officer, appeared before me this day in person and acknowledged that he/she signed and delivered the said instrument as his/her own free and voluntary act and as the free and voluntary act of said officer, for the uses and purposes therein set
forth. 
 GIVEN under my hand and notarial seal, this 4th day of
December, 2009. 
  

	
	 /s/ Jacqueline C. Nagle

	 NOTARY PUBLIC

 My
Commission Expires: 
 Jacqueline C. Nagle 
 Fulton Co., GA 
 My commission expires Aug 3, 2013 
 [Signatures continued on following page] 
  

 PAGE 5 

 [Signatures continued from previous page] 
  

			
	 ADMINISTRATIVE AGENT:

	
	 BANK OF AMERICA, N.A., a national banking association (as successor by merger to LaSalle Bank National Association), as Administrative Agent

		
	 By:
	 	 /s/ Lissette Rivera-Pauley

		 	         Lissette Rivera-Pauley

		 	         Vice President

		
		 	         [BANK SEAL]

  

			
	 STATE OF Georgia                                

	 	)
		 	) SS.
	 COUNTY OF Cobb                                
	 	)

 I, Robin Allen
and for said County, in the State aforesaid, do hereby certify that Lissette Rivera-Pauley, the Vice President of Bank of America, N.A., a national banking association, who is personally known to me to be the same person whose name is subscribed to
the foregoing instrument as such officer, appeared before me this day in person and acknowledged that he/she signed and delivered the said instrument as his/her own free and voluntary act and as the free and voluntary act of said officer, for the
uses and purposes therein set forth. 
 GIVEN under my hand and notarial seal, this
4th day of December, 2009. 
  

	
	 /s/ Robin Allen

	 NOTARY PUBLIC

 My
Commission Expires: 
 July 13, 2012 
  

 PAGE 6Third Amendment to Open-end Mortgage, Security Agreement

 Exhibit 10.11 
 THIS DOCUMENT PREPARED BY AND 
 AFTER RECORDING RETURN TO: 
  

			
	 A. Michelle Willis, Esq.
	 	 Cross Reference:

	 Troutman Sanders LLP
	 	
	 600 Peachtree Street, NE
 Suite 5200
 Atlanta, Georgia 30308
	 	 Mortgage Book Volume 33980, Page 33,
 Allegheny County, Pennsylvania records

 THIRD AMENDMENT TO
OPEN-END MORTGAGE, 
 SECURITY AGREEMENT, ASSIGNMENT OF LEASES AND 
 RENTS AND FIXTURE FILING 
 This Third Amendment to Open-End Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing (“Amendment”) is made and entered into as of December 4, 2009,
effective as of November 30, 2009, by and between WELLS VAF – 3000 PARK LANE, LLC, a Delaware limited liability company, whose address is 6200 The Corners Parkway, Suite 250, Norcross, Georgia 30092
(“Mortgagor”), and BANK OF AMERICA, N.A., a national banking association (as successor by merger to LaSalle Bank National Association), whose place of business is Bank of America Plaza, Suite 600, 600 Peachtree Street, N.E.,
Atlanta, Georgia 30308, Attn: Commercial Real Estate Banking (“Administrative Agent”); 
 W I
T N E S S E T H : 
 WHEREAS, Administrative Agent,
certain other financial institutions from time to time party thereto (“Lenders”), and Wells Mid Horizon Value Added Fund I, LLC, a Georgia limited liability company (“Borrower”), have entered into that certain
Credit Agreement dated as of June 30, 2006, as amended by that certain First Consolidated Amendatory Agreement dated as of November 21, 2008, by and between Administrative Agent and Borrower, as further amended by that certain Second
Consolidated Amendatory Agreement dated as of June 30, 2009, by and between Administrative Agent and Borrower, as further amended by that certain Third Consolidated Amendatory Agreement dated as of September 30, 2009, by and between
Administrative Agent and Borrower, and as is being amended contemporaneously herewith by

  

 PAGE 1 

 
the Fourth Consolidated Amendatory Agreement, as hereinafter defined (as amended and as it may hereafter be further amended, modified, supplemented, restated, extended, or renewed and in effect
from time to time, the “Credit Agreement”), which Credit Agreement sets forth the terms and conditions of a loan from Administrative Agent and Lenders to Borrower in an original principal amount up to Twenty-Five Million and No/100
Dollars ($25,000,000.00) (the “Loan”); 
 WHEREAS, the Loan is evidenced by that certain Note
dated as of June 30, 2009 and, potentially, certain additional Notes upon and of such other date that any additional financial institution becomes a Lender under the Credit Agreement, executed by Borrower and payable to the order of each Lender
in the aggregate principal face amount of Twenty-Five Million and No/100 Dollars ($25,000,000.00) (such notes, as they may hereafter be renewed, extended, supplemented, increased or modified in effect from time to time, and all other notes given in
substitution therefor, or in modification, renewal or extension thereof, in whole or in part, are hereinafter collectively called the “Note”); 
 WHEREAS, to secure the Loan, inter alia, Mortgagor made, executed, and delivered to Administrative Agent for the benefit of Lenders that certain Open-End Mortgage,
Security Agreement, Assignment of Leases and Rents and Fixture Filing dated as of January 31, 2008, and recorded in Mortgage Book Volume 34980, Page 33, as Instrument Number 2008-9653, Allegheny County, Pennsylvania records, as amended by that
certain First Amendment to Open-End Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing dated as of June 30, 2009, and recorded in Mortgage Book 36922, Page 320, as Instrument Number 2009-62161, aforesaid records,
and as further amended by that certain Second Amendment to Open-End Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing dated as of September 30, 2009, and recorded in Mortgage Book 37287, Page 130, as Instrument
Number 2009-                    , aforesaid records (as so amended, and as it may hereafter be renewed, extended, supplemented, increased or
modified and in effect from time to time, and all other security instruments given in substitution therefor, or in modification, renewal or extension thereof, in whole or in part, is herein called the “Mortgage”; the Credit
Agreement, the Note, the Mortgage and all other documents executed in connection with the Loan collectively the “Loan Documents”), granting Administrative Agent a lien on certain real property owned by Mortgagor as described therein
(the “Property”); 
 WHEREAS, the Loan will mature on November 30, 2009, and Borrower has
requested that Administrative Agent and Lenders extend the maturity date and make certain other amendments to the Loan Documents, and Administrative Agent, Lenders and Borrower are contemporaneously herewith entering into that certain Fourth
Consolidated Amendatory Agreement dated on or about the date hereof to effect said extension and other modifications (the “Fourth Amendment”); and 
 WHEREAS, Administrative Agent and Lenders have agreed to amend the Mortgage as hereinafter provided. 
 NOW, THEREFORE, in consideration of the premises, the mutual covenants contained herein, and the sum of Ten and No/100 Dollars ($10.00), paid in hand by each party to the other, the
receipt, adequacy and sufficiency of all of which are hereby acknowledged, the parties agree as follows: 
  

 PAGE 2 

 1.        Amendment of Loan
Documents.    The Mortgage is amended hereby such that all references therein to the “Mortgage” shall be deemed to include all amendments and modifications thereto (including, without limitation, this Amendment), as
may now exist or as may be hereafter executed by Mortgagor and Administrative Agent. 
 2.        Relationship of Mortgagor and Borrower.    Mortgagor acknowledges that it is a wholly owned subsidiary of Borrower. Mortgagor further acknowledges that it received
a material and substantial benefit by entering into the Mortgage, and is receiving a material and substantial benefit from the extension of the maturity of the Credit Agreement, because Borrower made funds available to Mortgagor for the purchase of
the Property and without the granting of the Mortgage to Administrative Agent said funds would not have been available to Borrower, and accordingly, Mortgagor acknowledges and agrees that the Mortgage was at the time made supported by reasonable and
adequate consideration. Further, Mortgagor did not intend to defraud any of its creditors by execution and delivery of the Mortgage. Mortgagor was not insolvent, and Mortgagor was not rendered insolvent by virtue of such Mortgage. Mortgagor entered
into the Mortgage, and is consenting hereby to the Fourth Amendment, after a determination by Mortgagor that, in its opinion, the fair market value of the benefits to be derived by it from such execution of the Mortgage and the extension of maturity
effected by the Fourth Amendment equaled or exceeded the cost and expense incurred by Mortgagor under or in connection with the Mortgage. 
 3.        Consent to Fourth Amendment.    Mortgagor consents to each and every term of the Fourth Amendment and acknowledges that the
term of the Credit Agreement is extended thereby. 
 4.        Counterparts.    This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which, when so
executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same instrument; and any signature page from any such counterpart or any electronic facsimile thereof may be
attached or appended to any other counterpart to complete a fully executed counterpart of this Agreement and any telecopy or other facsimile transmission of any signature shall be deemed an original and shall bind such party. 
 5.        Governing Law.    This Amendment shall be
governed by, and construed in accordance with, the laws of the State of Pennsylvania. 
 6.        Binding; Successors and Assigns.    This Amendment shall be binding upon and inure to the benefit of the successors and permitted assigns of the parties hereto.

 7.        Ratification.    The Loan
Documents, as amended herein and by the Fourth Amendment, remain in full force and effect in accordance with their respective terms, and Mortgagor and Administrative Agent hereby ratify and affirm the same. Mortgagor acknowledges that it is fully
obligated under the terms of the Mortgage, that it has no offsets or defenses with respect to its obligations thereunder, and that it has no claims or counterclaims against Administrative Agent or any of the Lenders, whether related to the Loan or
otherwise. 
  

 PAGE 3 

 8.        No
Novation.    Borrower, Administrative Agent, and Lenders hereby agree that nothing herein or in the other Loan Documents, as modified hereby, shall in any way waive Administrative Agent’s or Lenders’ rights, powers
or remedies under the Loan Documents; (ii) shall in any way limit, impair or prejudice Administrative Agent or Lenders from exercising any past, present or future right, power or remedy from and after the date hereof under the Loan Documents;
and (iii) shall not constitute or be deemed to be a novation of the indebtedness evidenced and secured by the Loan Documents. 
 9.        Incorporation of Recitals.    The recitals set forth at the beginning of this Amendment are confirmed by the parties as true
and correct and are incorporated herein by reference. The recitals are a substantive, contractual part of this Amendment. 
 [Remainder of page intentionally left blank] 
  

 PAGE 4 

 IN WITNESS WHEREOF, Mortgagor and Administrative Agent have executed and
sealed this Amendment as of the day and year first above written. 
  

					
	 MORTGAGOR:

	
	 WELLS VAF – 3000 PARK LANE, LLC, a Delaware limited liability company

		
	 By:
	 	 Wells Mid-Horizon Value-Added Fund I, LLC,
 a Georgia limited liability company, its Sole Member

			
		 	 By:
	 	   Wells Investment Management Company,

		 		 	   LLC, its Manager

			
		 	 By:
	 	 /s/ Kevin A.
Hoover                    (Seal)

		 		 	            Kevin A. Hoover

		 		 	            President

  

			
	 STATE OF Georgia                                

	 	 )

		 	 ) SS.

	 COUNTY OF Fulton                              
	 	 )

 I, Jackie Nagle and for said County, in the State aforesaid, do hereby certify that Kevin A. Hoover, the President of Wells Investment Management Company, LLC, the Manager of Wells Mid-Horizon Value-Added Fund I, LLC, the sole member
of Wells VAF-3000 Park Lane, LLC, who is personally known to me to be the same person whose name is subscribed to the foregoing instrument as such officer, appeared before me this day in person and acknowledged that he/she signed and delivered the
said instrument as his/her own free and voluntary act and as the free and voluntary act of said officer, for the uses and purposes therein set forth. 
 GIVEN under my hand and notarial seal, this 4th day of December, 2009. 
  

	
	 /s/ Jacquelyn C. Nagle

	 NOTARY PUBLIC

 My
Commission Expires: 
 Jacquelyn C. Nagle 
 Fulton Co., GA 
 My commission expires Aug 3, 2013 
 [Signatures continued on following page] 
  

 PAGE 5 

 [Signatures continued from previous page] 
  

			
	 ADMINISTRATIVE AGENT:

	
	 BANK OF AMERICA, N.A., a national banking association (as successor by merger to LaSalle Bank National Association), as Administrative Agent

		
	 By:
	 	 /s/ Lissette Rivera-Pauley

		 	         Lissette Rivera-Pauley

		 	         Vice President

		
		 	         [BANK SEAL]

  

			
	 STATE OF Georgia                                

	 	)
		 	) SS.
	COUNTY OF Cobb                                	 	)

 I, Robin Allen
and for said County, in the State aforesaid, do hereby certify that Lissette Rivera-Pauley, the Vice President of Bank of America, N.A., a national banking association, who is personally known to me to be the same person whose name is subscribed to
the foregoing instrument as such officer, appeared before me this day in person and acknowledged that he/she signed and delivered the said instrument as his/her own free and voluntary act and as the free and voluntary act of said officer, for the
uses and purposes therein set forth. 
 GIVEN under my hand and notarial seal, this 4th day of
December, 2009. 
  

	
	 /s/ Robin Allen

	 NOTARY PUBLIC

 My
Commission Expires: 
 July 13, 2012 
  

 PAGE 6

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