Document:

Exhibit 10.15

 

ASSIGNMENT
OF RENTS

 

RECORDATION
REQUESTED BY:

Charlotte
Metro Federal Credit Union, 718 Central Avenue, Charlotte, NC 28204

 

WHEN
RECORDED MAIL TO:

Charlotte
Metro Federal Credit Union, 718 Central Avenue, Charlotte, NC 28204

 

SEND
TAX NOTICES TO:

Charlotte
Metro Federal Credit Union, 718 Central Avenue, Charlotte, NC 28204

 

 

This
ASSIGNMENT OF RENTS prepared by:

x
Mackenzie Baker @ Charlotte Metro Credit Union

 

THIS
ASSIGNMENT OF RENTS dated July 29, 2022, is made and executed between Red Fox MHP LLC, whose address is 136 Main Street, Pineville, NC
28134 (referred to below as “Granter”) and Charlotte Metro Federal Credit Union, whose address is 718 Central Avenue, Charlotte,
NC 28204 (referred to below as “Lender”).

 

ASSIGNMENT.
For valuable consideration, Granter hereby assigns, grants a continuing security interest in, and conveys to Lender all of Grantor’s
right, title, and interest in and to the Rents from the following described Property located in Haywood County, State of North Carolina:

 

See
Exhibit A - Legal Description, which is attached to this Assignment and made a part of this Assignment as if fully set forth herein.

 

The
Property or its address is commonly known as 26 Shelton Road, Clyde, NC 28721.

 

THIS
ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY AND ALL OBLIGATIONS OF GRANTOR UNDER THE NOTE,
THIS ASSIGNMENT, AND THE RELATED DOCUMENTS. THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:

 

PAYMENT
AND PERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents, Granter shall pay to Lender all amounts
secured by this Assignment as they become due, and shall strictly perform all of Grantor’s obligations under this Assignment. Unless
and until Lender exercises its right to collect the Rents as provided below and so long as there is no default under this Assignment,
Granter may remain in possession and control of and operate and manage the Property and collect the Rents, provided that the granting
of the right to collect the Rents shall not constitute Lender’s consent to the use of cash collateral in a bankruptcy proceeding.

 

     

     

    

 

	 	ASSIGNMENT
    OF RENTS	 
	Loan No: 865137-01	(Continued)	Page 2

  

GRANTOR’S
REPRESENTATIONS AND WARRANTIES. Grantor warrants that:

 

Ownership.
Grantor is entitled to receive the Rents free and clear of all rights, loans, liens, encumbrances, and claims except as disclosed
to and accepted by Lender in writing.

 

Right
to Assign. Grantor has the full right, power and authority to enter into this Assignment and to assign and convey the Rents to Lender.

 

No
Prior Assignment. Grantor has not previously assigned or conveyed the Rents to any other person by any instrument now in force.

 

No
Further Transfer.Grantor will not sell, assign, encumber, or otherwise dispose of any of Grantor’s rights in the Rents
except as provided in this Assignment.

 

LENDER’S
RIGHT TO RECEIVE AND COLLECT RENTS. Lender shall have the right at any time, and even though no default shall have occurred under
this Assignment, to collect and receive the Rents. For this purpose, Lender is hereby given and granted the following rights, powers
and authority:

 

Notice
to Tenants. Lender may send notices to any and all tenants of the Property advising them of this Assignment and directing all Rents
to be paid directly to Lender or Lender’s agent.

 

Enter
the Property. Lender may enter upon and take possession of the Property; demand, collect and receive from the tenants or from any
other persons liable therefor, all of the Rents; institute and carry on all legal proceedings necessary for the protection of the Property,
including such proceedings as may be necessary to recover possession of the Property; collect the Rents and remove any tenant or tenants
or other persons from the Property.

 

Maintain
the Property. Lender may enter upon the Property to maintain the Property and keep the same in repair; to pay the costs thereof and
of all services of all employees, including their equipment, and of all continuing costs and expenses of maintaining the Property in
proper repair and condition, and also to pay all taxes, assessments and water utilities, and the premiums on fire and other insurance
effected by Lender on the Property.

 

Compliance
with Laws. Lender may do any and all things to execute and comply with the laws of the State of North Carolina and also all other
laws, rules, orders, ordinances and requirements of all other governmental agencies affecting the Property.

 

Lease
the Property. Lender may rent or lease the whole or any part of the Property for such term or terms and on such conditions as Lender
may deem appropriate.

 

Employ
Agents. Lender may engage such agent or agents as Lender may deem appropriate, either in Lender’s name or in Grantor’s
name, to rent and manage the Property, including the collection and application of Rents.

 

Other
Acts. Lender may do all such other things and acts with respect to the Property as Lender may deem appropriate and may act exclusively
and solely in the place and stead of Grantor and to have all of the powers of Grantor for the purposes stated above.

 

No
Requirement to Act. Lender shall not be required to do any of the foregoing acts or things, and the fact that Lender shall have performed
one or more of the foregoing acts or things shall not require Lender to do any other specific act or thing.

 

APPLICATION
OF RENTS. All costs and expenses incurred by Lender in connection with the Property shall be for Grantor’s account and Lender
may pay such costs and expenses from the Rents. Lender, in its sole discretion, shall determine the application of any and all Rents
received by it; however, any such Rents received by Lender which are not applied to such costs and expenses shall be applied to the Indebtedness.
All expenditures made by Lender under this Assignment and not reimbursed from the Rents shall become a part of the Indebtedness secured
by this Assignment, and shall be payable on demand, with interest at the Note rate from date of expenditure until paid.

 

     

     

    

 

	 	ASSIGNMENT
    OF RENTS	 
	Loan No: 865137-01	(Continued)	Page 3

 

FULL
PERFORMANCE. If Grantor pays all of the Indebtedness when due and otherwise performs all the obligations imposed upon Grantor under
this Assignment, the Note, and the Related Documents, Lender shall execute and deliver to Granter a suitable satisfaction of this Assignment
and suitable statements of termination of any financing statement on file evidencing Lender’s security interest in the Rents and
the Property. Any termination fee required by law shall be paid by Grantor, if permitted by applicable law.

 

LENDER’S
EXPENDITURES. If any action or proceeding is commenced that would materially affect Lender’s interest in the Property or if
Grantor fails to comply with any provision of this Assignment or any Related Documents, including but not limited to Grantor’s
failure to discharge or pay when due any amounts Grantor is required to discharge or pay under this Assignment or any Related Documents,
Lender on Grantor’s behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not
limited to discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any time levied or placed on
the Rents or the Property and paying all costs for insuring, maintaining and preserving the Property. All such expenditures incurred
or paid by Lender for such purposes will then bear interest at the rate charged under the Note from the date incurred or paid
by Lender to the date of repayment by Grantor. All such expenses will become a part of the Indebtedness and, at Lender’s
option, will (A) be payable on demand; (B) be added to the balance of the Note and be apportioned among and be payable with any
installment payments to become due during either (1) the term of any applicable insurance policy; or (2) the remaining term of the Note;
or (C) be treated as a balloon payment which will be due and payable at the Note’s maturity. The Assignment also will secure
payment of these amounts. Such right shall be in addition to all other rights and remedies to which Lender may be entitled upon the occurrence
of any Event of Default.

 

DEFAULT.
Each of the following, at Lender’s option, shall constitute an Event of Default under this Assignment:

 

Payment
Default. Granter fails to make any payment when due under the Indebtedness.

 

Other
Defaults. Granter fails to comply with or to perform any other term, obligation, covenant or condition contained in this Assignment
or in any of the Related Documents or to comply with or to perform any term, obligation, covenant or condition contained in any other
agreement between Lender and Granter.

 

Default
on Other Payments. Failure of Granter within the time required by this Assignment to make any payment for taxes or insurance, or
any other payment necessary to prevent filing of or to effect discharge of any lien.

 

Default
in Favor of Third Parties. Any guarantor or Granter defaults under any loan, extension of credit, security agreement, purchase or
sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of any guarantor’s
or Grantor’s property or ability to perform their respective obligations under this Assignment or any of the Related Documents.

 

False
Statements. Any warranty, representation or statement made or furnished to Lender by Granter or on Grantor’s behalf under this
Assignment or the Related Documents is false or misleading in any material respect, either now or at the time made or furnished or becomes
false or misleading at any time thereafter.

 

Defective
Collateralization. This Assignment or any of the Related Documents ceases to be in full force and effect (including failure of any
collateral document to create a valid and perfected security interest or lien) at any time and for any reason.

 

Death
or Insolvency. The dissolution of Grantor’s (regardless of whether election to continue is made), any member withdraws from
the limited liability company, or any other termination of Grantor’s existence as a going business or the death of any member,
the insolvency of Granter, the appointment of a receiver for any part of Grantor’s property, any assignment for the benefit of
creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against
Granter.

 

     

     

    

 

	 	ASSIGNMENT
    OF RENTS	 
	Loan No: 865137-01	(Continued)	Page 4

 

Creditor
or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help, repossession
or any other method, by any creditor of Granter or by any governmental agency against the Rents or any property securing the Indebtedness.
This includes a garnishment of any of Grantor’s accounts, including deposit accounts, with Lender. However, this Event of Default
shall not apply if there is a good faith dispute by Grantor as to the validity or reasonableness of the claim which is the basis
of the creditor or forfeiture proceeding and if Grantor gives Lender written notice of the creditor or forfeiture proceeding and
deposits with Lender monies or a surety bond for the creditor or forfeiture proceeding, in an amount determined by Lender, in its sole
discretion, as being an adequate reserve or bond for the dispute.

 

Property
Damage or Loss. The Property is lost, stolen, substantially damaged, sold, or borrowed against.

 

Events
Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or any Guarantor
dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness.

 

Adverse
Change. A material adverse change occurs in Grantor’s financial condition, or Lender believes the prospect of payment or performance
of the Indebtedness is impaired.

 

Insecurity.
Lender in good faith believes itself insecure.

 

RIGHTS
AND REMEDIES ON DEFAULT. Upon the occurrence of any Event of Default and at any time thereafter, Lender may exercise any one or more
of the following rights and remedies, in addition to any other rights or remedies provided by law:

 

Accelerate
Indebtedness. Lender shall have the right at its option without notice to Grantor to declare the entire Indebtedness immediately
due and payable, including any prepayment penalty that Grantor would be required to pay.

 

Collect
Rents. Lender shall have the right, without notice to Grantor, to take possession of the Property and collect the Rents, including
amounts past due and unpaid, and apply the net proceeds, over and above Lender’s costs, against the Indebtedness. In furtherance
of this right, Lender shall have all the rights provided for in the Lender’s Right to Receive and Collect Rents Section, above.
If the Rents are collected by Lender, then Grantor irrevocably designates Lender as Grantor’s attorney-in-fact to endorse instruments
received in payment thereof in the name of Grantor and to negotiate the same and collect the proceeds. Payments by tenants or other users
to Lender in response to Lender’s demand shall satisfy the obligations for which the payments are made, whether or not any proper
grounds for the demand existed. Lender may exercise its rights under this subparagraph either in person, by agent, or through a receiver.

 

Appoint
Receiver. Lender shall have the right to have a receiver appointed to take possession of all or any part of the Property, with the
power to protect and preserve the Property, to operate the Property preceding foreclosure or sale, and to collect the Rents from the
Property and apply the proceeds, over and above the cost of the receivership, against the Indebtedness. The receiver may serve without
bond if permitted by law. Lender’s right to the appointment of a receiver shall exist whether or not the apparent value
of the Property exceeds the Indebtedness by a substantial amount. Employment by Lender shall not disqualify a person from serving as
a receiver.

 

Other
Remedies. Lender shall have all other rights and remedies provided in this Assignment or the Note or by law.

 

Election
of Remedies. Election by Lender to pursue any remedy shall not exclude pursuit of any other remedy, and an election to make expenditures
or to take action to perform an obligation of Grantor under this Assignment, after Grantor’s failure to perform, shall not affect
Lender’s right to declare a default and exercise its remedies.

 

Attorneys’
Fees; Expenses. If Lender institutes any suit or action to enforce any of the terms of this Assignment, Lender shall be entitled
to recover such sum as the court may adjudge reasonable as attorneys’ fees at trial and upon any appeal. Whether or not any court
action is involved, and to the extent not prohibited by law, all reasonable expenses Lender incurs that in Lender’s opinion are
necessary at any time for the protection of its interest or the enforcement of its rights shall become a part of the Indebtedness payable
on demand and shall bear interest at the Note rate from the date of the expenditure until repaid. Expenses covered by this paragraph
include, without limitation, however subject to any limits under applicable law, Lender’s reasonable attorneys’ fees and
Lender’s legal expenses, whether or not there is a lawsuit, including reasonable attorneys’ fees and expenses for bankruptcy
proceedings (including efforts to modify or vacate any automatic stay or injunction), appeals, and any anticipated post-judgment collection
services, the cost of searching records, obtaining title reports (including foreclosure reports), surveyors’ reports, and appraisal
fees, title insurance, and fees for the Trustee, to the extent permitted by applicable law. Grantor also will pay any court costs,
in addition to all other sums provided by law.

 

     

     

    

 

	 	ASSIGNMENT
    OF RENTS	 
	Loan No: 865137-01	(Continued)	Page 5

 

MISCELLANEOUS
PROVISIONS. The following miscellaneous provisions are a part of this Assignment:

 

Amendments.
This Assignment, together with any Related Documents, constitutes the entire understanding and agreement of the parties as to the
matters set forth in this Assignment. No alteration of or amendment to this Assignment shall be effective unless given in writing and
signed by the party or parties sought to be charged or bound by the alteration or amendment.

 

Caption
Headings. Caption headings in this Assignment are for convenience purposes only and are not to be used to interpret or define the
provisions of this Assignment.

 

Governing
Law. This Assignment will be governed by federal law applicable to Lender and, to the extent not preempted by federal law, the laws of
the State of North Carolina without regard to its conflicts of law provisions. This Assignment has been accepted by Lender in the State
of North Carolina.

 

Choice
of Venue. If there is a lawsuit, Grantor agrees upon Lender’s request to submit to the jurisdiction of the courts of Mecklenburg
County, State of North Carolina.

 

Merger.
There shall be no merger of the interest or estate created by this Assignment with any other interest or estate in the Property at
any time held by or for the benefit of Lender in any capacity, without the written consent of Lender.

 

Interpretation.
(1) In all cases where there is more than one Borrower or Grantor, then all words used in this Assignment in the singular shall be
deemed to have been used in the plural where the context and construction so require. (2) If more than one person signs this Assignment
as “Grantor,” the obligations of each Grantor are joint and several. This means that if Lender brings a lawsuit, Lender may
sue any one or more of the Grantors. If Borrower and Grantor are not the same person, Lender need not sue Borrower first, and that Borrower
need not be joined in any lawsuit. (3) The names given to paragraphs or sections in this Assignment are for convenience purposes only.
They are not to be used to interpret or define the provisions of this Assignment.

 

No
Waiver by Lender. Lender shall not be deemed to have waived any rights under this Assignment unless such waiver is given in writing
and signed by Lender. No delay or omission on the part of Lender in exercising any right shall operate as a waiver of such right or any
other right. A waiver by Lender of a provision of this Assignment shall not prejudice or constitute a waiver of Lender’s right
otherwise to demand strict compliance with that provision or any other provision of this Assignment. No prior waiver by Lender, nor any
course of dealing between Lender and Grantor, shall constitute a waiver of any of Lender’s rights or of any of Grantor’s
obligations as to any future transactions. Whenever the consent of Lender is required under this Assignment, the granting of such consent
by Lender in any instance shall not constitute continuing consent to subsequent instances where such consent is required and in all cases
such consent may be granted or withheld in the sole discretion of Lender.

 

Notices.
Any notice required to be given under this Assignment shall be given in writing, and shall be effective when actually delivered,
when actually received by telefacsimile (unless otherwise required by law), when deposited with a nationally recognized overnight courier,
or, if mailed, when deposited in the United States mail, as first class, certified or registered mail postage prepaid, directed
to the addresses shown near the beginning of this Assignment. Any party may change its address for notices under this Assignment by giving
formal written notice to the other parties, specifying that the purpose of the notice is to change the party’s address. For notice
purposes, Grantor agrees to keep Lender informed at all times of Grantor’s current address. Unless otherwise provided or required
by law, if there is more than one Grantor, any notice given by Lender to any Grantor is deemed to be notice given to all Grantors.

 

     

     

    

 

	 	ASSIGNMENT
    OF RENTS	 
	Loan No: 865137-01	(Continued)	Page 6

 

Powers
of Attorney. The various agencies and powers of attorney conveyed on Lender under this Assignment are granted for purposes of security
and may not be revoked by Grantor until such time as the same are renounced by Lender.

 

Severability.
If a court of competent jurisdiction finds any provision of this Assignment to be illegal, invalid, or unenforceable as to any circumstance,
that finding shall not make the offending provision illegal, invalid, or unenforceable as to any other circumstance. If feasible, the
offending provision shall be considered modified so that it becomes legal, valid and enforceable. If the offending provision cannot be
so modified, it shall be considered deleted from this Assignment. Unless otherwise required by law, the illegality, invalidity, or unenforceability
of any provision of this Assignment shall not affect the legality, validity or enforceability of any other provision of this Assignment.

 

Successors
and Assigns. Subject to any limitations stated in this Assignment on transfer of Grantor’s interest, this Assignment shall
be binding upon and inure to the benefit of the parties, their successors and assigns. If ownership of the Property becomes vested in
a person other than Grantor, Lender, without notice to Grantor, may deal with Grantor’s successors with reference to this Assignment
and the Indebtedness by way of forbearance or extension without releasing Grantor from the obligations of this Assignment or liability
under the Indebtedness.

 

Time
is of the Essence. Time is of the essence in the performance of this Assignment.

 

Waiver
of Right of Redemption. NOTWITHSTANDING ANY OF THE PROVISIONS TO THE CONTRARY CONTAINED IN THIS ASSIGNMENT, GRANTOR HEREBY WAIVES
ANY AND ALL RIGHTS OF REDEMPTION FROM SALE UNDER ANY ORDER OR JUDGMENT OF FORECLOSURE ON GRANTOR’S BEHALF AND ON BEHALF OF EACH
AND EVERY PERSON, EXCEPT JUDGMENT CREDITORS OF GRANTOR, ACQUIRING ANY INTEREST IN OR TITLE TO THE PROPERTY SUBSEQUENT TO THE DATE OF
THIS ASSIGNMENT.

 

DEFINITIONS.
The following capitalized words and terms shall have the following meanings when used in this Assignment. Unless specifically stated
to the contrary, all references to dollar amounts shall mean amounts in lawful money of the United States of America. Words and terms
used in the singular shall include the plural, and the plural shall include the singular, as the context may require. Words and terms
not otherwise defined in this Assignment shall have the meanings attributed to such terms in the Uniform Commercial Code:

 

Assignment.
The word “Assignment” means this ASSIGNMENT OF RENTS, as this ASSIGNMENT OF RENTS may be amended or modified from time
to time, together with all exhibits and schedules attached to this ASSIGNMENT OF RENTS from time to time.

 

Borrower.
The word “Borrower” means Red Fox MHP LLC.

 

Event
of Default. The words “Event of Default” mean any of the events of default set forth in this Assignment in the default
section of this Assignment.

 

Grantor.
The word “Granter” means Red Fox MHP LLC.

 

Guarantor.
The word “Guarantor” means any guarantor, surety, or accommodation party of any or all of the Indebtedness.

 

Guaranty.
The word “Guaranty” means the guaranty from Guarantor to Lender, including without limitation a guaranty of all or part
of the Note.

 

     

     

    

 

	 	ASSIGNMENT
    OF RENTS	 
	Loan No: 865137-01	(Continued)	Page 7

 

Indebtedness.
The word “Indebtedness” means all principal, interest, and other amounts, costs and expenses payable under the Note or
Related Documents, together with all renewals of, extensions of, modifications of, consolidations of and substitutions for the Note or
Related Documents and any amounts expended or advanced by Lender to discharge Grantor’s obligations or expenses incurred by Lender
to enforce Grantor’s obligations under this Assignment, together with interest on such amounts as provided in this Assignment.

 

Lender.
The word “Lender” means Charlotte Metro Federal Credit Union, its successors and assigns.

 

Note.
The word “Note” means the promissory note dated July 29, 2022, in the original principal amount of $2,250,000.00 from
Grantor to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations of, and substitutions
for the promissory note or agreement.

 

Property.
The word “Property” means all of Grantor’s right, title and interest in and to all the Property as described in
the “Assignment” section of this Assignment.

 

Related
Documents. The words “Related Documents” mean all promissory notes, credit agreements, loan agreements, environmental
agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other instruments,
agreements and documents, whether now or hereafter existing, executed in connection with the Indebtedness.

 

Rents.
The word “Rents” means all of Grantor’s present and future rights, title and interest in, to and under any and
all present and future leases, including, without limitation, all rents, revenue, income, issues, royalties, bonuses, accounts receivable,
cash or security deposits, advance rentals, profits and proceeds from the Property, and other payments and benefits derived or to be
derived from such leases of every kind and nature, whether due now or later, including without limitation Grantor’s right to enforce
such leases and to receive and collect payment and proceeds thereunder.

 

THE
UNDERSIGNED ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS ASSIGNMENT, AND NOT PERSONALLY BUT AS AN AUTHORIZED SIGNER, HAS CAUSED
THIS ASSIGNMENT TO BE SIGNED AND EXECUTED ON BEHALF OF GRANTOR ON JULY 29, 2022.

 

	GRANTOR:	 
	 	 	 
	RED FOX MHP LLC	 
	 	 	 
	MANUFACTURED HOUSING PROPERTIES, INC.,
    Member of Red Fox MHP LLC
	 	 	 
	By: 	/s/ Jay Wardlaw III	 
		Jay Wardlaw, Ill, 

    President of Manufactured Housing Properties, Inc.

 

     

     

    

 

	 	ASSIGNMENT
    OF RENTS	 
	Loan No: 865137-01	(Continued)	Page 8

 

 

     

     

    

 

	 	ASSIGNMENT
    OF RENTS	 
	Loan No: 865137-01	(Continued)	Page 9

 

LIMITED
LIABILITY COMPANY ACKNOWLEDGMENT

 

	STATE OF 	North Carolina		 
	 	) 55	 
	COUNTY OF 	Mecklenburg		 

 

     

     

    

 

	 	ASSIGNMENT
    OF RENTS	 
	Loan No: 865137-01	(Continued)	Page 10

 

I,
Alexander Q. Olliver_________, a Notary Public for said County and State, certify that Jay Wardlaw, Ill, President of Manufactured
Housing Properties, Inc., Member of Red Fox MHP LLC personally came before me this day and acknowledged the due execution of the
foregoing instrument in writing by himself or herself for Red Fox MHP LLC, a limited liability company, for the uses and purposes
therein set forth.

 

Witness
my hand and Notarial Seal this the 28 day of July 2022.

 

	
	 	Alexander
    Q. Olliver
		 	Notary Public
	 	 	 
	My Commission Expires:	 	 
	 	 	 
	March 25,
    2024	 	 
	 	 	 
	(Affix Notarial Seal Here)	 	 

 

	LaserPro, Ver.
    22.1.0.044	 	Copr.
	Finastra USA Corporation 1997, 2022.

    Rights
    Reserved.

    
	All
	 	 	 	NC L:\CFI\LPL\G14.FC TR-4433 PR-58	-Exhibit 10.16

 

COMMERCIAL
GUARANTY

 

	Borrower:	Red Fox MHP LLC	 	Lender:	Charlotte
    Metro Federal Credit Union 718 Central Avenue
	 	136 Main Street	 	 	Charlotte, NC 28204
	 	Pineville, NC 28134	 	 	 
	 	 	 	 	 
	Guarantor:	Manufactured Housing Properties, Inc.	 	 	 
	 	136 Main Street	 	 	 
	 	Pineville, NC 28134	 	 	 

 

     

     

    

 

COMMERCIAL
GUARANTY

 

	Loan
                         No: 865137-01

		Page
                         2

	 	(Continued)	 

 

CONTINUING
GUARANTEE OF PAYMENT AND PERFORMANCE. For good and valuable consideration,
Guarantor absolutely and unconditionally guarantees full and punctual payment and satisfaction of the Indebtedness of Borrower to Lender,
and the performance and discharge of all Borrower’s obligations under the Note and the Related Documents. This is a guaranty of
payment and performance and not of collection, so Lender can enforce this Guaranty against Guarantor even when Lender has not exhausted
Lender’s remedies against anyone else obligated to pay the Indebtedness or against any collateral securing the Indebtedness, this
Guaranty or any other guaranty of the Indebtedness. Guarantor will make any payments to Lender or its order, on demand, in legal tender
of the United States of America, in same-day funds, without set-off or deduction or counterclaim, and will otherwise perform Borrower’s
obligations under the Note and Related Documents. Under this Guaranty, Guarantor’s liability is unlimited and Guarantor’s
obligations are continuing.

 

INDEBTEDNESS.
The word “Indebtedness” as used in this Guaranty means
all of the principal amount outstanding from time to time and at any one or more times, accrued unpaid interest thereon and all collection
costs and legal expenses related thereto permitted by law, reasonable attorneys’ fees, arising from any and all debts, liabilities
and obligations of every nature or form, now existing or hereafter arising or acquired, that Borrower individually or collectively or
interchangeably with others, owes or will owe Lender. “Indebtedness” includes, without limitation, loans, advances, debts,
overdraft indebtedness, credit card indebtedness, lease obligations, liabilities and obligations under any interest rate protection agreements
or foreign currency exchange agreements or commodity price protection agreements, other obligations, and liabilities of Borrower, and
any present or future judgments against Borrower, future advances, loans or transactions that renew, extend, modify, refinance, consolidate
or substitute these debts, liabilities and obligations whether: voluntarily or involuntarily incurred; due or to become due by their
terms or acceleration; absolute or contingent; liquidated or unliquidated; determined or undetermined; direct or indirect; primary or
secondary in nature or arising from a guaranty or surety; secured or unsecured; joint or several or joint and several; evidenced by a
negotiable or non-negotiable instrument or writing; originated by Lender or another or others; barred or unenforceable against Borrower
for any reason whatsoever; for any transactions that may be voidable for any reason (such as infancy, insanity, ultra vires or otherwise);
and originated then reduced or extinguished and then afterwards increased or reinstated.

 

If
Lender presently holds one or more guaranties, or hereafter receives additional guaranties from Guarantor, Lender’s rights under
all guaranties shall be cumulative. This Guaranty shall not (unless specifically provided below to the contrary) affect or invalidate
any such other guaranties. Guarantor’s liability will be Guarantor’s aggregate liability under the terms of this Guaranty
and any such other unterminated guaranties.

 

CONTINUING
GUARANTY. THIS IS A “CONTINUING GUARANTY” UNDER WHICH
GUARANTOR AGREES TO GUARANTEE THE FULL AND PUNCTUAL PAYMENT, PERFORMANCE AND SATISFACTION OF THE INDEBTEDNESS OF BORROWER TO LENDER,
NOW EXISTING OR HEREAFTER ARISING OR ACQUIRED, ON AN OPEN AND CONTINUING BASIS. ACCORDINGLY, ANY PAYMENTS MADE ON THE INDEBTEDNESS WILL
NOT DISCHARGE OR DIMINISH GUARANTOR’S OBLIGATIONS AND LIABILITY UNDER THIS GUARANTY FOR ANY REMAINING AND SUCCEEDING INDEBTEDNESS
EVEN WHEN ALL OR PART OF THE OUTSTANDING INDEBTEDNESS MAY BE A ZERO BALANCE FROM TIME TO TIME.

 

     

     

    

 

COMMERCIAL
GUARANTY

 

	Loan
                         No: 865137-01

		Page
                         3

	 	(Continued)	 

 

DURATION
OF GUARANTY. This Guaranty will take effect when received by Lender without the necessity of any acceptance by Lender, or any notice
to Guarantor or to Borrower, and will continue in full force until all the Indebtedness incurred or contracted before receipt by Lender
of any notice of revocation shall have been fully and finally paid and satisfied and all of Guarantor’s other obligations under
this Guaranty shall have been performed in full. If Guarantor elects to revoke this Guaranty, Guarantor may only do so in writing. Guarantor’s
written notice of revocation must be mailed to Lender, by certified mail, at Lender’s address listed above or such other place
as Lender may designate in writing. Written revocation of this Guaranty will apply only to new Indebtedness created after actual receipt
by Lender of Guarantor’s written revocation. For this purpose and without limitation, the term “new Indebtedness” does
not include the Indebtedness which at the time of notice of revocation is contingent, unliquidated, undetermined or not due and which
later becomes absolute, liquidated, determined or due. For this purpose and without limitation, “new Indebtedness” does not
include all or part of the Indebtedness that is: incurred by Borrower prior to revocation; incurred under a commitment that became binding
before revocation; any renewals, extensions, substitutions, and modifications of the Indebtedness. This Guaranty shall bind Guarantor’s
estate as to the Indebtedness created both before and after Guarantor’s death or incapacity, regardless of Lender’s actual
notice of Guarantor’s death. Subject to the foregoing, Guarantor’s executor or administrator or other legal representative
may terminate this Guaranty in the same manner in which Guarantor might have terminated it and with the same effect. Release of any other
guarantor or termination of any other guaranty of the Indebtedness shall not affect the liability of Guarantor under this Guaranty. A
revocation Lender receives from any one or more Guarantors shall not affect the liability of any remaining Guarantors under this Guaranty.
It is anticipated that fluctuations may occur in the aggregate amount of the Indebtedness covered by this Guaranty, and Guarantor
specifically acknowledges and agrees that reductions in the amount of the Indebtedness, even to zero dollars ($0.00), shall not
constitute a termination of this Guaranty. This Guaranty is binding upon Guarantor and Guarantor’s heirs, successors and assigns
so long as any of the Indebtedness remains unpaid and even though the Indebtedness may from time to time be zero dollars ($0.00).

 

GUARANTOR’S
AUTHORIZATION TO LENDER. Guarantor authorizes Lender, either before
or after any revocation hereof, without notice or demand and without lessening Guarantor’s liability
under this Guaranty, from time to time: (A) prior to revocation as set forth above, to make one or more additional secured
or unsecured loans to Borrower, to lease equipment or other goods to Borrower, or otherwise to extend additional credit to Borrower;
(B) to alter, compromise, renew, extend, accelerate, or otherwise change one or more times the time for payment or other terms of the
Indebtedness or any part of the Indebtedness, including increases and decreases of the rate of interest on the Indebtedness; extensions
may be repeated and may be for longer than the original loan term; (C) to take and hold security for the payment of this Guaranty or
the Indebtedness, and exchange, enforce, waive, subordinate, fail or decide not to perfect, and release any such security, with or without
the substitution of new collateral; (D) to release, substitute, agree not to sue, or deal with any one or more of Borrower’s sureties,
endorsers, or other guarantors on any terms or in any manner Lender may choose; (E) to determine how, when and what application of payments
and credits shall be made on the Indebtedness; (F) to apply such security and direct the order or manner of sale thereof, including without
limitation, any nonjudicial sale permitted by the terms of the controlling security agreement or deed of trust, as Lender in its discretion
may determine; (G) to sell, transfer, assign or grant participations in all or any part of the Indebtedness; and (H) to assign or transfer
this Guaranty in whole or in part.

 

GUARANTOR’S
REPRESENTATIONS AND WARRANTIES. Guarantor represents and warrants
to Lender that (A) no representations or agreements of any kind have been made to Guarantor which would limit or qualify in any way the
terms of this Guaranty; (B) this Guaranty is executed at Borrower’s request and not at the request of Lender; (C) Guarantor has
full power, right and authority to enter into this Guaranty; (D) the provisions of this Guaranty do not conflict with or result in a
default under any agreement or other instrument binding upon Guarantor and do not result in a violation of any law, regulation, court
decree or order applicable to Guarantor; (E) Guarantor has not and will not, without the prior written consent of Lender, sell, lease,
assign, encumber, hypothecate, transfer, or otherwise dispose of all or substantially all of Guarantor’s assets, or any interest
therein; (F) upon Lender’s request, Guarantor will provide to Lender financial and credit information in form acceptable to Lender,
and all such financial information which currently has been, and all future financial information which will be provided to Lender is
and will be true and correct in all material respects and fairly present Guarantor’s financial condition as of the dates the financial
information is provided; (G) no material adverse change has occurred in Guarantor’s financial condition since the date of the most
recent financial statements provided to Lender and no event has occurred which may materially adversely affect Guarantor’s financial
condition; (H) no litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against
Guarantor is pending or threatened; (I) Lender has made no representation to Guarantor as to the creditworthiness of Borrower; and (J)
Guarantor has established adequate means of obtaining from Borrower on a continuing basis information regarding Borrower’s financial
condition. Guarantor agrees to keep adequately informed from such means of any facts, events, or circumstances which might in any way
affect Guarantor’s risks under this Guaranty, and Guarantor further agrees that, absent a request for information, Lender shall
have no obligation to disclose to Guarantor any information or documents acquired by Lender in the course of its relationship with Borrower.

 

     

     

    

 

COMMERCIAL
GUARANTY

 

	Loan
                         No: 865137-01

		Page
                         4

	 	(Continued)	 

 

GUARANTOR’S
FINANCIAL STATEMENTS. Guarantor agrees to furnish Lender with the following:

 

Annual
Statements. As soon as available, but in no event later than sixty (60) days after the end of each fiscal year, Guarantor’s
balance sheet and income statement for the year ended, prepared by Guarantor.

 

Tax
Returns. As soon as available, but in no event later than sixty (60) days after the applicable filing date for the tax reporting
period ended, Guarantor’s Federal and other governmental tax returns, prepared by a tax professional satisfactory to Lender.

 

All
financial reports required to be provided under this Guaranty shall be prepared in accordance with GAAP, applied on a consistent basis,
and certified by Guarantor as being true and correct.

 

GUARANTOR’S
WAIVERS. Except as prohibited by applicable law, Guarantor waives any right to require Lender (A) to
continue lending money or to extend other credit to Borrower; (B) to make any presentment, protest,
demand, or notice of any kind, including notice of any nonpayment of the Indebtedness or of any nonpayment related to any collateral,
or notice of any action or nonaction on the part of Borrower, Lender, any surety, endorser, or other guarantor in connection with the
Indebtedness or in connection with the creation of new or additional loans or obligations; (C) to resort for payment or to proceed directly
or at once against any person, including Borrower or any other guarantor; (D) to proceed directly against or exhaust any collateral held
by Lender from Borrower, any other guarantor, or any other person; (E) to give notice of the terms, time, and place of any public or
private sale of personal property security held by Lender from Borrower or to comply with any other applicable provisions of the Uniform
Commercial Code; (F) to pursue any other remedy within Lender’s power; or (G) to commit any act or omission of any kind, or at
any time, with respect to any matter whatsoever.

 

Guarantor
also waives any and all rights or defenses based on suretyship or impairment of collateral including, but not limited to, any rights
or defenses arising by reason of (A) any “one action” or “anti-deficiency” law or any other law which may prevent
Lender from bringing any action, including a claim for deficiency, against Guarantor, before or after Lender’s commencement or
completion of any foreclosure action, either judicially or by exercise of a power of sale; (B) any
election of remedies by Lender which destroys or otherwise adversely affects Guarantor’s subrogation rights or Guarantor’s
rights to proceed against Borrower for reimbursement, including without limitation, any loss of rights Guarantor may suffer by reason
of any law limiting, qualifying, or discharging the Indebtedness; (C) any disability or other defense of Borrower, of any other guarantor,
or of any other person, or by reason of the cessation of Borrower’s liability from any cause whatsoever, other than payment in
full in legal tender, of the Indebtedness; (D) any right to claim discharge of the Indebtedness on the basis of unjustified impairment
of any collateral for the Indebtedness; (E) any statute of limitations, if at any time any action or suit brought by Lender against Guarantor
is commenced, there is outstanding Indebtedness which is not barred by any applicable statute of limitations; or (F) any defenses given
to guarantors at law or in equity other than actual payment and performance of the Indebtedness. If payment is made by Borrower, whether
voluntarily or otherwise, or by any third party, on the Indebtedness and thereafter Lender is forced to remit the amount of that payment
to Borrower’s trustee in bankruptcy or to any similar person under any federal or state bankruptcy law or law for the relief of
debtors, the Indebtedness shall be considered unpaid for the purpose of the enforcement of this Guaranty. In addition to the waivers
set forth above, Guarantor expressly waives, to the extent permitted by North Carolina law, all of Guarantor’s rights under (1)
North Carolina General Statutes Sections 26-7 through Section 26-9, or any similar or subsequent laws and (2) North Carolina General
Statutes Section 25-3-605 relating to impairment of collateral, or any similar or subsequent law.

 

Guarantor
further waives and agrees not to assert or claim at any time any deductions to the amount guaranteed under this Guaranty for any claim
of setoff, counterclaim, counter demand, recoupment or similar right, whether such claim, demand or right may be asserted by the Borrower,
the Guarantor, or both.

 

     

     

    

 

COMMERCIAL
GUARANTY

 

	Loan
                         No: 865137-01

		Page
                         5

	 	(Continued)	 

 

GUARANTOR’S
UNDERSTANDING WITH RESPECT TO WAIVERS. Guarantor warrants and agrees that each of the waivers set forth above is made with Guarantor’s
full knowledge of its significance and consequences and that, under the circumstances, the waivers are reasonable and not contrary to
public policy or law. If any such waiver is determined to be contrary to any applicable law or public policy, such waiver shall be effective
only to the extent permitted by law or public policy.

 

SUBORDINATION
OF BORROWER’S DEBTS TO GUARANTOR. Guarantor agrees that the Indebtedness, whether now existing or hereafter created, shall
be superior to any claim that Guarantor may now have or hereafter acquire against Borrower, whether or not Borrower becomes insolvent.
Guarantor hereby expressly subordinates any claim Guarantor may have against Borrower, upon any account whatsoever, to any claim that
Lender may now or hereafter have against Borrower. In the event of insolvency and consequent liquidation of the assets of Borrower, through
bankruptcy, by an assignment for the benefit of creditors, by voluntary liquidation, or otherwise, the assets of Borrower applicable
to the payment of the claims of both Lender and Guarantor shall be paid to Lender and shall be first applied by Lender to the Indebtedness.
Guarantor does hereby assign to Lender all claims which it may have or acquire against Borrower or against any assignee or trustee in
bankruptcy of Borrower; provided however, that such assignment shall be effective only for the purpose of assuring to Lender full payment
in legal tender of the Indebtedness. If Lender so requests, any notes or credit agreements now or hereafter evidencing any debts or obligations
of Borrower to Guarantor shall be marked with a legend that the same are subject to this Guaranty and shall be delivered to Lender. Guarantor
agrees, and Lender is hereby authorized, in the name of Guarantor, from time to time to file financing statements and continuation statements
and to execute documents and to take such other actions as Lender deems necessary or appropriate to perfect, preserve and enforce its
rights under this Guaranty.

 

MISCELLANEOUS
PROVISIONS. The following miscellaneous provisions are a part of this Guaranty:

 

Amendments.
This Guaranty, together with any Related Documents, constitutes the entire understanding and agreement of the parties as to the matters
set forth in this Guaranty. No alteration of or amendment to this Guaranty shall be effective unless given in writing and signed by the
party or parties sought to be charged or bound by the alteration or amendment.

 

Arbitration.
Borrower and Guarantor and Lender agree that all disputes, claims and controversies between them whether individual, joint, or class
in nature, arising from this Guaranty or otherwise, including without limitation contract and tort disputes, shall be arbitrated pursuant
to the Rules of the American Arbitration Association in effect at the time the claim is filed, upon request of either party. No act to
take or dispose of any Collateral shall constitute a waiver of this arbitration agreement or be prohibited by this arbitration agreement.
This includes, without limitation, obtaining injunctive relief or a temporary restraining order; invoking a power of sale under any deed
of trust or mortgage; obtaining a writ of attachment or imposition of a receiver; or exercising any rights relating to personal property,
including taking or disposing of such property with or without judicial process pursuant to Article 9 of the Uniform Commercial Code.
Any disputes, claims, or controversies concerning the lawfulness or reasonableness of any act, or exercise of any right, concerning any
Collateral, including any claim to rescind, reform, or otherwise modify any agreement relating to the Collateral, shall also be arbitrated,
provided however that no arbitrator shall have the right or the power to enjoin or restrain any act of any party. Judgment upon any award
rendered by any arbitrator may be entered in any court having jurisdiction. Nothing in this Guaranty shall preclude any party from seeking
equitable relief from a court of competent jurisdiction. The statute of limitations, estoppel, waiver, laches, and similar doctrines
which would otherwise be applicable in an action brought by a party shall be applicable in any arbitration proceeding, and the commencement
of an arbitration proceeding shall be deemed the commencement of an action for these purposes. The Federal Arbitration Act shall apply
to the construction, interpretation, and enforcement of this arbitration provision.

 

     

     

    

 

COMMERCIAL
GUARANTY

 

	Loan
                         No: 865137-01

		Page
                         6

	 	(Continued)	 

 

Attorneys’
Fees; Expenses. Guarantor agrees to pay upon demand all of Lender’s
costs and expenses, including Lender’s reasonable attorneys’ fees and Lender’s legal expenses, incurred in connection
with the enforcement of this Guaranty. Lender may hire or pay someone else to help enforce this Guaranty, and Guarantor shall pay the
costs and expenses of such enforcement. Costs and expenses include Lender’s reasonable attorneys’ fees and legal expenses
whether or not there is a lawsuit, including reasonable attorneys’ fees and legal expenses for bankruptcy proceedings (including
efforts to modify or vacate any automatic stay or injunction), appeals, and any anticipated post-judgment collection services. Guarantor
also shall pay all court costs and such additional fees as may be directed by the court.

 

Caption
Headings. Caption headings in this Guaranty are for convenience purposes
only and are not to be used to interpret or define the provisions of this Guaranty.

 

Governing
Law. This Guaranty will be governed by federal law applicable to Lender and, to the extent not preempted by federal law, the laws of
the State of North Carolina without regard to its conflicts of law provisions.

 

Choice
of Venue. If there is a lawsuit, Guarantor agrees upon Lender’s
request to submit to the jurisdiction of the courts of Mecklenburg County, State of North Carolina.

 

Integration.
Guarantor further agrees that Guarantor has read and fully understands
the terms of this Guaranty; Guarantor has had the opportunity to be advised by Guarantor’s attorney with respect to this Guaranty;
the Guaranty fully reflects Guarantor’s intentions and parol evidence is not required to interpret the terms of this Guaranty.
Guarantor hereby indemnifies and holds Lender harmless from all losses, claims, damages, and costs (including Lender’s attorneys’
fees) suffered or incurred by Lender as a result of any breach by Guarantor of the warranties, representations and agreements of this
paragraph.

 

Interpretation.
In all cases where there is more than one Borrower or Guarantor,
then all words used in this Guaranty in the singular shall be deemed to have been used in the plural where the context and construction
so require; and where there is more than one Borrower named in this Guaranty or when this Guaranty is executed by more than one Guarantor,
the words “Borrower” and “Guarantor” respectively shall mean all and any one or more of them. The words “Guarantor,”
“Borrower,” and “Lender” include the heirs, successors, assigns, and transferees of each of them. If a court
finds that any provision of this Guaranty is not valid or should not be enforced, that fact by itself will not mean that the rest of
this Guaranty will not be valid or enforced. Therefore, a court will enforce the rest of the provisions of this Guaranty even if a provision
of this Guaranty may be found to be invalid or unenforceable. If any one or more of Borrower or Guarantor are corporations, partnerships,
limited liability companies, or similar entities, it is not necessary for Lender to inquire into the powers of Borrower or Guarantor
or of the officers, directors, partners, managers, or other agents acting or purporting to act on their behalf, and any indebtedness
made or created in reliance upon the professed exercise of such powers shall be guaranteed under this Guaranty.

 

Notices.
Any notice required to be given under this Guaranty shall be given
in writing, and, except for revocation notices by Guarantor, shall be effective when actually delivered, when actually received by telefacsimile
(unless otherwise required by law), when deposited with a nationally recognized overnight courier, or, if mailed, when deposited in the
United States mail, as first class, certified or registered mail postage prepaid, directed to the addresses shown near the beginning
of this Guaranty. All revocation notices by Guarantor shall be in writing and shall be effective upon delivery to Lender as provided
in the section of this Guaranty entitled “DURATION OF GUARANTY.” Any party may change its address for notices under this
Guaranty by giving formal written notice to the other parties, specifying that the purpose of the notice is to change the party’s
address. For notice purposes, Guarantor agrees to keep Lender informed at all times of Guarantor’s current address. Unless otherwise
provided or required by law, if there is more than one Guarantor, any notice given by Lender to any Guarantor is deemed to be notice
given to all Guarantors.

 

     

     

    

 

COMMERCIAL
GUARANTY

 

	Loan
                         No: 865137-01

		Page
                         7

	 	(Continued)	 

 

No
Waiver by Lender. Lender shall not be deemed to have waived any rights
under this Guaranty unless such waiver is given in writing and signed by Lender. No delay or omission on the part of Lender in exercising
any right shall operate as a waiver of such right or any other right. A waiver by Lender of a provision of this Guaranty shall not prejudice
or constitute a waiver of Lender’s right otherwise to demand strict compliance with that provision or any other provision of this
Guaranty. No prior waiver by Lender, nor any course of dealing between Lender and Guarantor, shall constitute a waiver of any of Lender’s
rights or of any of Guarantor’s obligations as to any future transactions. Whenever the consent of Lender is required under this
Guaranty, the granting of such consent by Lender in any instance shall not constitute continuing consent to subsequent instances where
such consent is required and in all cases such consent may be granted or withheld in the sole discretion of Lender.

 

Successors
and Assigns. Subject to any limitations stated in this Guaranty on
transfer of Guarantor’s interest, this Guaranty shall be binding upon and inure to the benefit of the parties, their successors
and assigns.

 

DEFINITIONS.
The following capitalized words and terms shall have the following
meanings when used in this Guaranty. Unless specifically stated to the contrary, all references to dollar amounts shall mean amounts
in lawful money of the United States of America. Words and terms used in the singular shall include the plural, and the plural shall
include the singular, as the context may require. Words and terms not otherwise defined in this Guaranty shall have the meanings attributed
to such terms in the Uniform Commercial Code:

 

Borrower.
The word “Borrower” means Red Fox MHP LLC and includes
all co-signers and co-makers signing the Note and all their successors and assigns.

 

GAAP.
The word “GAAP” means generally accepted accounting principles.

 

Guarantor.
The word “Guarantor” means everyone signing this Guaranty, including without limitation Manufactured Housing Properties,
Inc., and in each case, any signer’s successors and assigns.

 

Guaranty.
The word “Guaranty” means this guaranty from Guarantor to Lender.

 

Indebtedness.
The word “Indebtedness” means Borrower’s indebtedness to Lender as more particularly described in this Guaranty.

 

Lender.
The word “Lender” means Charlotte Metro Federal Credit Union, its successors and assigns.

 

Note.
The word “Note” means and includes without limitation all of Borrower’s promissory notes and/or credit agreements
evidencing Borrower’s loan obligations in favor of Lender, together with all renewals of, extensions of, modifications of, refinancings
of, consolidations of and substitutions for promissory notes or credit agreements.

 

Related
Documents. The words “Related Documents” mean all promissory notes, credit agreements, loan agreements, environmental
agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other instruments,
agreements and documents, whether now or hereafter existing, executed in connection with the Indebtedness.

 

EACH
UNDERSIGNED GUARANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS GUARANTY AND AGREES TO ITS TERMS. IN ADDITION, EACH GUARANTOR
UNDERSTANDS THAT THIS GUARANTY IS EFFECTIVE UPON GUARANTOR’S EXECUTION AND DELIVERY OF THIS GUARANTY TO LENDER AND THAT THE GUARANTY
WILL CONTINUE UNTIL TERMINATED IN THE MANNER SET FORTH IN THE SECTION TITLED “DURATION OF GUARANTY”. NO FORMAL ACCEPTANCE
BY LENDER IS NECESSARY TO MAKE THIS GUARANTY EFFECTIVE. THIS GUARANTY IS DATED JULY 29, 2022.

 

	GUARANTOR:	 
	 	 
	MANUFACTURED HOUSING PROPERTIES, INC.	 
	 	 
	/s/ Jay
    Wardlaw III	 
	By: Jay Wardlaw, Ill,

    President of 

    Manufactured Housing Properties, Inc.	 

 

 

LaserPro,
Ver. 22.1.0.044 Copr. Finastra USA Corporation 1997, 2022. All Rights

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