Document:

Exhibit 4.2

                              GEORGIA POWER COMPANY

                                       TO

                              THE BANK OF NEW YORK,
                                     TRUSTEE

                       THIRTY-THIRD SUPPLEMENTAL INDENTURE

                          DATED AS OF DECEMBER 6, 2007

                     SERIES 2007F 6.05% SENIOR MONTHLY NOTES

                              DUE DECEMBER 1, 2038

<PAGE>

                              TABLE OF CONTENTS(1)

                                                                         PAGE

ARTICLE 1..................................................................1

    Series 2007F Senior Notes..............................................1
    SECTION 101.  Establishment............................................1
    SECTION 102.  Definitions..............................................2
    SECTION 103.  Payment of Principal and Interest........................2
    SECTION 104.  Denominations............................................3
    SECTION 105.  Global Securities........................................3
    SECTION 106.  Transfer.................................................4
    SECTION 107.  Redemption at the Company's Option.......................4

ARTICLE 2..................................................................5

    Miscellaneous Provisions...............................................5
    SECTION 201.  Recitals by Company......................................5
    SECTION 202.  Ratification and Incorporation of Original Indenture.....5
    SECTION 203.  Executed in Counterparts.................................5

EXHIBIT A..........................................Form of Series 2007F Note

EXHIBIT B......................................Certificate of Authentication

-------------------

(1) This Table of Contents does not constitute part of the Indenture or have any
    bearing upon the interpretation of any of its terms and provisions.

                                       i
<PAGE>

     THIS THIRTY-THIRD SUPPLEMENTAL INDENTURE is made as of the 6th day of
December, 2007, by and between GEORGIA POWER COMPANY, a Georgia corporation, 241
Ralph McGill Boulevard, N.E., Atlanta, Georgia 30308-3374 (the "Company"), and
THE BANK OF NEW YORK, a New York banking corporation, 101 Barclay Street, Floor
8W, New York, New York 10286 (the "Trustee").

                              W I T N E S S E T H:

     WHEREAS, the Company has heretofore entered into a Senior Note Indenture,
dated as of January 1, 1998 (the "Original Indenture"), with The Bank of New
York (as successor to JPMorgan Chase Bank, N.A. (formerly known as The Chase
Manhattan Bank)), as heretofore supplemented;

     WHEREAS, the Original Indenture is incorporated herein by this reference
and the Original Indenture, as heretofore supplemented and as further
supplemented by this Thirty-Third Supplemental Indenture, is herein called the
"Indenture";

     WHEREAS, under the Original Indenture, a new series of Senior Notes may at
any time be established by the Board of Directors of the Company in accordance
with the provisions of the Original Indenture and the terms of such series may
be described by a supplemental indenture executed by the Company and the
Trustee;

     WHEREAS, the Company proposes to create under the Indenture a new series of
Senior Notes;

     WHEREAS, additional Senior Notes of other series hereafter established,
except as may be limited in the Original Indenture as at the time supplemented
and modified, may be issued from time to time pursuant to the Indenture as at
the time supplemented and modified; and

     WHEREAS, all conditions necessary to authorize the execution and delivery
of this Thirty-Third Supplemental Indenture and to make it a valid and binding
obligation of the Company have been done or performed.

     NOW, THEREFORE, in consideration of the agreements and obligations set
forth herein and for other good and valuable consideration, the sufficiency of
which is hereby acknowledged, the parties hereto hereby agree as follows:

                                    ARTICLE 1

                            Series 2007F Senior Notes

     SECTION 101. Establishment. There is hereby established a new series of
Senior Notes to be issued under the Indenture, to be designated as the Company's
Series 2007F 6.05% Senior Monthly Notes due December 1, 2038 (the "Series 2007F
Notes").

<PAGE>

     There are to be authenticated and delivered $100,000,000 principal amount
of Series 2007F Notes, and such principal amount of the Series 2007F Notes may
be increased from time to time pursuant to Section 301 of the Original
Indenture. All Series 2007F Notes need not be issued at the same time and such
series may be reopened at any time, without the consent of any Holder, for
issuances of additional Series 2007F Notes. Any such additional Series 2007F
Notes will have the same interest rate, maturity and other terms as those
initially issued. No Series 2007F Notes shall be authenticated and delivered in
excess of the principal amount as so increased except as provided by Sections
203, 303, 304, 907 or 1107 of the Original Indenture. The Series 2007F Notes
shall be issued in definitive fully registered form.

     The Series 2007F Notes shall be issued in the form of one or more Global
Securities in substantially the form set out in Exhibit A hereto. The Depositary
with respect to the Series 2007F Notes shall be The Depository Trust Company.

     The form of the Trustee's Certificate of Authentication for the Series
2007F Notes shall be in substantially the form set forth in Exhibit B hereto.

     Each Series 2007F Note shall be dated the date of authentication thereof
and shall bear interest from the date of original issuance thereof or from the
most recent Interest Payment Date to which interest has been paid or duly
provided for.

     The Series 2007F Notes will not have a sinking fund.

     SECTION 102. Definitions. The following defined terms used herein shall,
unless the context otherwise requires, have the meanings specified below.
Capitalized terms used herein for which no definition is provided herein shall
have the meanings set forth in the Original Indenture.

     "Interest Payment Dates" means the first day of each month, commencing
January 1, 2008.

     "Original Issue Date" means December 6, 2007.

     "Regular Record Date" means, with respect to each Interest Payment Date,
the close of business on the 15th calendar day preceding such Interest Payment
Date (whether or not a Business Day).

     "Stated Maturity" means December 1, 2038.

     SECTION 103. Payment of Principal and Interest. The principal of the Series
2007F Notes shall be due at Stated Maturity (unless earlier redeemed). The
unpaid principal amount of the Series 2007F Notes shall bear interest at the
rate of 6.05% per annum until paid or duly provided for. Interest shall be paid
monthly in arrears on each Interest Payment Date to the Person in whose name the
Series 2007F Notes are registered on the Regular Record Date for such Interest
Payment Date, provided that interest payable at the Stated Maturity of principal
or on a Redemption Date as provided herein will be paid to the Person to whom
principal is payable. Any such interest that is not so punctually paid or duly
provided for will forthwith cease to be payable to the Holders on such Regular

                                       2
<PAGE>

Record Date and may either be paid to the Person or Persons in whose name the
Series 2007F Notes are registered at the close of business on a Special Record
Date for the payment of such defaulted interest to be fixed by the Trustee,
notice whereof shall be given to Holders of the Series 2007F Notes not less than
ten (10) days prior to such Special Record Date, or be paid at any time in any
other lawful manner not inconsistent with the requirements of any securities
exchange, if any, on which the Series 2007F Notes shall be listed, and upon such
notice as may be required by any such exchange, all as more fully provided in
the Original Indenture.

     Payments of interest on the Series 2007F Notes will include interest
accrued to but excluding the respective Interest Payment Dates. Interest
payments for the Series 2007F Notes shall be computed and paid on the basis of a
360-day year of twelve 30-day months. In the event that any date on which
interest is payable on the Series 2007F Notes is not a Business Day, then
payment of the interest payable on such date will be made on the next succeeding
day that is a Business Day (and without any interest or other payment in respect
of any such delay), with the same force and effect as if made on the date the
payment was originally payable.

     Payment of the principal and interest due at the Stated Maturity or earlier
redemption of the Series 2007F Notes shall be made upon surrender of the Series
2007F Notes at the Corporate Trust Office of the Trustee. The principal of and
interest on the Series 2007F Notes shall be paid in such coin or currency of the
United States of America as at the time of payment is legal tender for payment
of public and private debts. Payments of interest (including interest on any
Interest Payment Date) will be made, subject to such surrender where applicable,
at the option of the Company, (i) by check mailed to the address of the Person
entitled thereto as such address shall appear in the Security Register or (ii)
by wire transfer or other electronic transfer at such place and to such account
at a banking institution in the United States as may be designated in writing to
the Trustee at least sixteen (16) days prior to the date for payment by the
Person entitled thereto.

     SECTION 104. Denominations. The Series 2007F Notes may be issued in
denominations of $1,000, or any integral multiple thereof.

     SECTION 105. Global Securities. The Series 2007F Notes will be issued in
the form of one or more Global Securities registered in the name of the
Depositary (which shall be The Depository Trust Company) or its nominee. Except
under the limited circumstances described below, Series 2007F Notes represented
by one or more Global Securities will not be exchangeable for, and will not
otherwise be issuable as, Series 2007F Notes in definitive form. The Global
Securities described above may not be transferred except by the Depositary to a
nominee of the Depositary or by a nominee of the Depositary to the Depositary or
another nominee of the Depositary or to a successor Depositary or its nominee.

     Owners of beneficial interests in such a Global Security will not be
considered the Holders thereof for any purpose under the Indenture, and no
Global Security representing a Series 2007F Note shall be exchangeable, except
for another Global Security of like denomination and tenor to be registered in
the name of the Depositary or its nominee or to a successor Depositary or its
nominee. The rights of Holders of such Global Security shall be exercised only
through the Depositary.

                                       3
<PAGE>

     Subject to the procedures of the Depositary, a Global Security shall be
exchangeable for Series 2007F Notes registered in the names of persons other
than the Depositary or its nominee only if (i) the Depositary notifies the
Company that it is unwilling or unable to continue as a Depositary for such
Global Security and no successor Depositary shall have been appointed by the
Company, or if at any time the Depositary ceases to be a clearing agency
registered under the Securities Exchange Act of 1934, as amended, at a time when
the Depositary is required to be so registered to act as such Depositary and no
successor Depositary shall have been appointed by the Company, in each case
within 90 days after the Company receives such notice or becomes aware of such
cessation, (ii) the Company in its sole discretion determines that such Global
Security shall be so exchangeable, or (iii) there shall have occurred an Event
of Default with respect to the Series 2007F Notes. Any Global Security that is
exchangeable pursuant to the preceding sentence shall be exchangeable for Series
2007F Notes registered in such names as the Depositary shall direct.

     SECTION 106. Transfer. No service charge will be made for any transfer or
exchange of Series 2007F Notes, but payment will be required of a sum sufficient
to cover any tax or other governmental charge that may be imposed in connection
therewith.

     The Company shall not be required (a) to issue, transfer or exchange any
Series 2007F Notes during a period beginning at the opening of business fifteen
(15) days before the date of the mailing of a notice pursuant to Section 1104 of
the Original Indenture identifying the serial numbers of the Series 2007F Notes
to be called for redemption, and ending at the close of business on the day of
the mailing, or (b) to issue, transfer or exchange any Series 2007F Notes
theretofore selected for redemption in whole or in part, except the unredeemed
portion of any Series 2007F Notes redeemed in part.

     SECTION 107. Redemption at the Company's Option. The Series 2007F Notes
will be subject to redemption at the option of the Company, in whole or in part,
without premium or penalty, at any time and from time to time on or after
December 1, 2012, upon not less than 30 nor more than 60 days' notice, at a
redemption price equal to 100% of the principal amount of the Series 2007F Notes
to be redeemed plus any accrued and unpaid interest thereon to the Redemption
Date.

     In the event of redemption of the Series 2007F Notes in part only, a new
Series 2007F Note or Notes for the unredeemed portion will be issued in the name
or names of the Holders thereof upon the surrender thereof.

     Notice of redemption pursuant to this Section 107 shall be given as
provided in Section 1104 of the Original Indenture.

     Any redemption of less than all of the Series 2007F Notes shall, with
respect to the principal thereof, be divisible by $1,000.

                                       4
<PAGE>

                                    ARTICLE 2

                            Miscellaneous Provisions

     SECTION 201. Recitals by Company. The recitals in this Thirty-Third
Supplemental Indenture are made by the Company only and not by the Trustee, and
all of the provisions contained in the Original Indenture in respect of the
rights, privileges, immunities, powers and duties of the Trustee shall be
applicable in respect of Series 2007F Notes and of this Thirty-Third
Supplemental Indenture as fully and with like effect as if set forth herein in
full.

     SECTION 202. Ratification and Incorporation of Original Indenture. As
heretofore supplemented and as supplemented hereby, the Original Indenture is in
all respects ratified and confirmed, and the Original Indenture as heretofore
supplemented and as supplemented by this Thirty-Third Supplemental Indenture
shall be read, taken and construed as one and the same instrument.

     SECTION 203. Executed in Counterparts. This Thirty-Third Supplemental
Indenture may be simultaneously executed in several counterparts, each of which
shall be deemed to be an original, and such counterparts shall together
constitute but one and the same instrument.

                                       5
<PAGE>

     IN WITNESS WHEREOF, each party hereto has caused this instrument to be
signed in its name and behalf by its duly authorized officers, all as of the day
and year first above written.

ATTEST:                                  GEORGIA POWER COMPANY

By:  /s/ Daniel Lowery               By:  /s/ Cliff S. Thrasher
   -----------------------------        ----------------------------------------
     Daniel Lowery                        Cliff S. Thrasher
     Corporate Secretary                  Executive Vice President,
                                          Chief Financial Officer and Treasurer

ATTEST:                                  THE BANK OF NEW YORK, as Trustee

By:  /s/ L. O'Brien                   By: /s/ Robert A. Massimillo
   -----------------------------        ----------------------------------------
     L. O'Brien                           Robert A. Massimillo
     Vice President                       Vice President

<PAGE>

                                    EXHIBIT A

                            FORM OF SERIES 2007F NOTE

                                       7
<PAGE>

NO. ___                                                     CUSIP NO. 373334JH5

                              GEORGIA POWER COMPANY
                     SERIES 2007F 6.05% SENIOR MONTHLY NOTE
                              DUE DECEMBER 1, 2038

       Principal Amount:            $__________________

       Regular Record Date:         15th calendar day prior to Interest Payment
                                    Date (whether or not a Business Day)

       Original Issue Date:         December 6, 2007

       Stated Maturity:             December 1, 2038

       Interest Payment Dates:      The first day of each month, commencing
                                    January 1, 2008

       Interest Rate:               6.05% per annum

       Authorized Denominations:    $1,000 or any integral multiple thereof

         Georgia Power Company, a Georgia corporation (the "Company", which term
includes any successor corporation under the Indenture referred to on the
reverse hereof), for value received, hereby promises to pay to ______________,
or registered assigns, the principal sum of ______________ DOLLARS ($_________)
on the Stated Maturity shown above (or upon earlier redemption), and to pay
interest thereon from the Original Issue Date shown above, or from the most
recent Interest Payment Date to which interest has been paid or duly provided
for, monthly in arrears on each Interest Payment Date as specified above,
commencing January 1, 2008, and on the Stated Maturity (or upon earlier
redemption) at the rate per annum shown above until the principal hereof is paid
or made available for payment and at such rate on any overdue principal and on
any overdue installment of interest. The interest so payable, and punctually
paid or duly provided for, on any Interest Payment Date (other than an Interest
Payment Date that is the Stated Maturity or on a Redemption Date) will, as
provided in such Indenture, be paid to the Person in whose name this Note (the
"Note") is registered at the close of business on the Regular Record Date as
specified above next preceding such Interest Payment Date, provided that any
interest payable at the Stated Maturity or on any Redemption Date will be paid
to the Person to whom principal is payable. Except as otherwise provided in the
Indenture, any such interest not so punctually paid or duly provided for will
forthwith cease to be payable to the Holder on such Regular Record Date and may
either be paid to the Person in whose name this Note is registered at the close
of business on a Special Record Date for the payment of such defaulted interest
to be fixed by the Trustee, notice whereof shall be given to Holders of Notes of
this series not less than 10 days prior to such Special Record Date, or be paid
at any time in any other lawful manner not inconsistent with the requirements of
any securities exchange, if any, on which the Notes of this series shall be
listed, and upon such notice as may be required by any such exchange, all as
more fully provided in the Indenture.

<PAGE>

         Payments of interest on this Note will include interest accrued to but
excluding the respective Interest Payment Dates. Interest payments for this Note
shall be computed and paid on the basis of a 360-day year of twelve 30-day
months. In the event that any date on which interest is payable on this Note is
not a Business Day, then payment of the interest payable on such date will be
made on the next succeeding day that is a Business Day (and without any interest
or other payment in respect of any such delay), with the same force and effect
as if made on the date the payment was originally payable. A "Business Day"
shall mean any day other than a Saturday or a Sunday or a day on which banking
institutions in New York City are authorized or required by law or executive
order to remain closed or a day on which the Corporate Trust Office of the
Trustee is closed for business.

         Payment of the principal of and interest due at the Stated Maturity or
earlier redemption of the Series 2007F Notes shall be made upon surrender of the
Series 2007F Notes at the Corporate Trust Office of the Trustee. The principal
of and interest on the Series 2007F Notes shall be paid in such coin or currency
of the United States of America as at the time of payment is legal tender for
payment of public and private debts. Payment of interest (including interest on
an Interest Payment Date) will be made, subject to such surrender where
applicable, at the option of the Company, (i) by check mailed to the address of
the Person entitled thereto as such address shall appear in the Security
Register or (ii) by wire transfer or other electronic transfer at such place and
to such account at a banking institution in the United States as may be
designated in writing to the Trustee at least 16 days prior to the date for
payment by the Person entitled thereto.

         REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS NOTE SET
FORTH ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL PURPOSES
HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE.

         Unless the certificate of authentication hereon has been executed by
the Trustee by manual signature, this Note shall not be entitled to any benefit
under the Indenture or be valid or obligatory for any purpose.

                                       2
<PAGE>

         IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal.

Dated:

                                                     GEORGIA POWER COMPANY

                                                     By:
                                                        ------------------------
                                                     Title:

Attest:

Title:

                  {Seal of GEORGIA POWER COMPANY appears here}

<PAGE>

                          CERTIFICATE OF AUTHENTICATION

         This is one of the Senior Notes referred to in the within-mentioned
Indenture.

                                                     THE BANK OF NEW YORK,
                                                     as Trustee

                                                     By:
                                                        ------------------------
                                                          Authorized Signatory

                                       4
<PAGE>

                             (Reverse Side of Note)

         This Note is one of a duly authorized issue of Senior Notes of the
Company (the "Notes"), issued and issuable in one or more series under a Senior
Note Indenture, dated as of January 1, 1998, as supplemented (the "Indenture"),
between the Company and The Bank of New York (as successor to JPMorgan Chase
Bank, N.A. (formerly known as The Chase Manhattan Bank)), as Trustee (the
"Trustee," which term includes any successor trustee under the Indenture), to
which Indenture and all indentures incidental thereto reference is hereby made
for a statement of the respective rights, limitation of rights, duties and
immunities thereunder of the Company, the Trustee and the Holders of the Notes
issued thereunder and of the terms upon which said Notes are, and are to be,
authenticated and delivered. This Note is one of the series designated on the
face hereof as Series 2007F 6.05% Senior Monthly Notes due December 1, 2038 (the
"Series 2007F Notes") which is unlimited in aggregate principal amount.
Capitalized terms used herein for which no definition is provided herein shall
have the meanings set forth in the Indenture.

         The Company shall have the right, subject to the terms and conditions
of the Indenture, to redeem this Note at any time on or after December 1, 2012
at the option of the Company, without premium or penalty, in whole or in part,
at a redemption price equal to 100% of the principal amount to be redeemed plus
any accrued but unpaid interest thereon to the Redemption Date.

         In the event of redemption of this Note in part only, a new Note or
Notes of this series for the unredeemed portion hereof will be issued in the
name of the Holder hereof upon the surrender hereof.

         The Series 2007F Notes will not have a sinking fund.

         If an Event of Default with respect to the Notes of this series shall
occur and be continuing, the principal of the Notes of this series may be
declared due and payable in the manner, with the effect and subject to the
conditions provided in the Indenture.

         The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Notes of each series to be affected
under the Indenture at any time by the Company and the Trustee with the consent
of the Holders of not less than a majority in principal amount of the Notes at
the time Outstanding of each series to be affected. The Indenture also contains
provisions permitting the Holders of specified percentages in principal amount
of the Notes of each series at the time Outstanding, on behalf of the Holders of
all Notes of such series, to waive compliance by the Company with certain
provisions of the Indenture and certain past defaults under the Indenture and
their consequences. Any such consent or waiver by the Holder of this Note shall
be conclusive and binding upon such Holder and upon all future Holders of this
Note and of any Note issued upon the registration of transfer hereof or in
exchange hereof or in lieu hereof, whether or not notation of such consent or
waiver is made upon this Note.

         No reference herein to the Indenture and no provision of this Note or
of the Indenture shall alter or impair the obligation of the Company, which is

                                       5
<PAGE>

absolute and unconditional, to pay the principal of and interest on this Note at
the times, place and rate, and in the coin or currency, herein prescribed.

         As provided in the Indenture and subject to certain limitations therein
set forth, the transfer of this Note is registrable in the Security Register,
upon surrender of this Note for registration of transfer at the office or agency
of the Company for such purpose, duly endorsed by, or accompanied by a written
instrument of transfer in form satisfactory to the Company and the Security
Registrar and duly executed by, the Holder hereof or his attorney duly
authorized in writing, and thereupon one or more new Notes of this series, of
authorized denominations and of like tenor and for the same aggregate principal
amount, will be issued to the designated transferee or transferees. No service
charge shall be made for any such registration of transfer or exchange, but the
Company may require payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.

         Prior to due presentment of this Note for registration of transfer, the
Company, the Trustee and any agent of the Company or the Trustee may treat the
Person in whose name this Note is registered as the owner hereof for all
purposes, whether or not this Note be overdue, and neither the Company, the
Trustee nor any such agent shall be affected by notice to the contrary.

         The Notes of this series are issuable only in registered form without
coupons in denominations of $1,000 and any integral multiple thereof. As
provided in the Indenture and subject to certain limitations therein set forth,
Notes of this series are exchangeable for a like aggregate principal amount of
Notes of this series of a different authorized denomination, as requested by the
Holder surrendering the same upon surrender of the Note or Notes to be exchanged
at the office or agency of the Company.

         This Note shall be governed by, and construed in accordance with, the
internal laws of the State of New York.

                                       6

<PAGE>

                                  ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of this
instrument, shall be construed as though they were written out in full according
to applicable laws or regulations:

TEN COM- as tenants in              UNIF GIFT MIN ACT- _______ Custodian _______
         common                                         (Cust)           (Minor)
TEN ENT- as tenants by the
         entireties                 under Uniform Gifts to
JT TEN-  as joint tenants           Minors Act
         with right of
         survivorship and           ________________________
         not as tenants                     (State)
         in common

                    Additional abbreviations may also be used
                          though not on the above list.

         FOR VALUE RECEIVED, the undersigned hereby sell(s) and transfer(s) unto

--------------------------------------------------------------------------------
(please insert Social Security or other identifying number of assignee)

--------------------------------------------------------------------------------
PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE OF
ASSIGNEE

--------------------------------------------------------------------------------
the within Note and all rights thereunder, hereby irrevocably constituting and
appointing

--------------------------------------------------------------------------------
agent to transfer said Note on the books of the Company, with full power of
substitution in the premises.

--------------------------------------------------------------------------------

Dated:
      ------------------------------            -------------------------------
                                                -------------------------------

NOTICE: The signature to this assignment must correspond with the name as
written upon the face of the within instrument in every particular without
alteration or enlargement, or any change whatever.

                                       7

<PAGE>

                                    EXHIBIT B

                          CERTIFICATE OF AUTHENTICATION

         This is one of the Senior Notes referred to in the within-mentioned
Indenture.

                                                     THE BANK OF NEW YORK,
                                                     as Trustee

                                                     By:
                                                        ------------------------
                                                          Authorized Signatory

                                       8exh4_1.htm

    
      

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    Prepared
      by, and after recording

    return
      to:

    Moss
      & Barnett (EHK)

    A
      Professional Association

    4800
      Wells Fargo Center

    90
      South
      Seventh Street

    Minneapolis,
      MN  55402-4129

     

    

     

    

    

    ASSUMPTION
      AGREEMENT

    

    

    FHLMC
      Loan No. 002732432

     

     

     

     

     

     

     

     

     

     

     

     

    ____________________________________________________________________________________________________________________________________________

    ASSUMPTION
      AGREEMENT

    Multifamily
      - For Use with Electronic Mortgage
      Documents (8/13/2004)

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    ASSUMPTION
      AGREEMENT

    

    

    THIS
      ASSUMPTION AGREEMENT is made
      effective as of the 30th day of
      November, 2007, by and among Regency North Associates, L.P., a Missouri limited
      partnership ("Original Borrower"); Regency North Acquisition, LLC, a Missouri
      limited liability company ("New Borrower"); and the FEDERAL HOME LOAN MORTGAGE
      CORPORATION ("Noteholder") and is acknowledged and consented to by MJS
      Associates, Inc., a Missouri corporation ("Original Guarantor").

    

    RECITALS

    

      
        	
                 

              	
                A. 
                  

              	
                Original
                  Borrower obtained a mortgage loan (the "Loan") from Northland /
                  Marquette
                  Capital Group, Inc., a Minnesota corporation ("Original Lender"),
                  which
                  loan is secured by certain Land and Improvements (the "Property"),
                  located
                  in Kansas City, Clay County, Missouri.  The Land is more
                  particularly described in Exhibit A, attached to this
                  Agreement.

              

      

      

      
        	
                B.  

              	
                Original
                  Borrower executed a promissory note evidencing the Loan, dated
                  December
                  27, 2000, in the original principal amount of $5,250,000.00, payable
                  to
                  Original Lender (the "Note").  The Original Guarantor guaranteed
                  payment of certain amounts due under the Note by executing Limited
                  Guaranty dated December 27, 2000 (the "Original
                  Guaranty").

              

      

      

      
        	
                C.  

              	
                To
                  secure repayment of the Loan, Original Borrower executed and delivered
                  to
                  Original Lender a Multifamily Deed of Trust, Assignment of Rents
                  and
                  Security Agreement (the "Security Instrument") of even date with
                  the Note,
                  which is recorded in the Official Records in the County of Clay,
                  State of
                  Missouri (the "Land Records") at Book 3240 at Page 681.  Any
                  capitalized terms used in this Agreement and not defined shall
                  have the
                  meaning ascribed to them in the Security
                  Instrument.

              

      

      

      
        	
                D.  

              	
                The
                  Note, Security Instrument and any other document executed by Original
                  Borrower in connection with the Loan that will be assumed by New
                  Borrower,
                  all as listed on Exhibit B to this Agreement, are referred to
                  collectively in this Agreement as the "Loan
                  Documents".

              

      

      

      
        	
                 

              	
                E.
                   

              	
                Original
                  Lender endorsed the Note to the order of the Noteholder and by
                  instrument
                  dated December 27, 2000 filed for record on December 28, 2000 in
                  the Land
                  Records at Book 3240 at Page 727 sold, assigned and transferred
                  all right,
                  title and interest of the Original Lender in and to the Security
                  Instrument and the Loan

              

      

    

      ____________________________________________________________________________________________________________________________________________

      ASSUMPTION
        AGREEMENT

      Multifamily
        - For Use with Electronic Mortgage
        Documents (8/13/2004)

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Documents
      to the Noteholder.  The Noteholder is now the owner and holder of the
      Note and the Loan is serviced by NorthMarq Capital, Inc. (the
      "Servicer").

    

    
      	
               

            	
              F.

            	
              Original
                Borrower has transferred or has agreed to transfer all of its right,
                title, and interest in and to the Property to New Borrower (the
                "Transfer").

            

    

    

    
      	
               

            	
              G.

            	
              New
                Borrower has agreed to assume all of Original Borrower's rights,
                obligations, and liabilities created or arising under the Loan Documents,
                with certain modifications, if any, as set forth in Exhibit C to
                this Agreement (the "Assumption").

            

    

    

    
      	
               

            	
              H.

            	
              Subject
                to the full satisfaction of all conditions set forth below, the Noteholder
                has agreed to consent to New Borrower's Assumption
                .

            

    

    

    
      	
               

            	
              I.

            	
              Original
                Borrower desires to be released by the Noteholder from any and all
                obligations and liabilities under the terms and provisions of the
                Loan
                Documents, and Noteholder has agreed to release Original Borrower
                from
                further liability (except as provided in Section 14 of this
                Agreement).

            

    

    

    NOW,
      THEREFORE, in consideration of
      these premises, the mutual covenants contained in this Agreement and other
      good
      and valuable consideration, the receipt and sufficiency of which are
      acknowledged, the parties agree as follows:

    

    
      	
              1.  

            	
              Assumption
                of Obligations.  New Borrower covenants, promises and agrees
                that New Borrower, jointly and severally if more than one, will
                unconditionally assume and be bound by all terms, provisions, and
                covenants of the Loan Documents set forth in Exhibit B to this
                Agreement, as if New Borrower had been the original maker of the
                Loan
                Documents.  New Borrower will pay all sums to be paid and
                perform each and every obligation to be performed by Original Borrower
                under and in accordance with the terms and conditions of the Loan
                Documents.

            

    

    

    
      	
              2.

            	
              Affirmation
                by New Borrower.  New Borrower agrees that the Loan
                Documents set forth in Exhibit B to this Agreement are and will be
                and remain in full force and effect, enforceable against New Borrower
                in
                accordance with their terms, except as modified by Exhibit C to
                this Agreement.  The Property will remain subject to the lien,
                charge and encumbrance of the Security Instrument.  Nothing
                contained in this Agreement or done pursuant to this Agreement will
                affect
                or be construed to affect the lien, charge, and encumbrance of the
                Security Instrument or the priority of the Security Instrument over
                other
                liens, charges and encumbrances.  Nothing contained in this
                Agreement or done pursuant to this Agreement will release or be construed
                to release or affect the liability of any party or parties who may
                now or
                after the date of this Agreement be liable under or on account of
                the Note
                and the Security Instrument, except as expressly provided in this
                Agreement.  New Borrower will be liable for the payment of all
                sums and the performance of every obligation required under the Loan
                Documents to the extent set forth in the Loan Documents as modified
                by
                this

            

    

     

     

    
      ____________________________________________________________________________________________________________________________________________

      ASSUMPTION
        AGREEMENT                                                                                Page
        3

      Multifamily
        - For Use with Electronic Mortgage
        Documents (8/13/2004)

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Agreement.

    

    
      	
              3.

            	
              Subordination
                of Rights of Original Borrower and New Borrower.  Any
                indebtedness of Original Borrower to New Borrower, or of New Borrower
                to
                Original Borrower, now or existing after the date of this Agreement,
                together with any interest on such debt, is hereby subordinated to
                any
                indebtedness of Original Borrower or New Borrower to the Noteholder
                under
                the Loan Documents.  Any collection or receipts with respect to
                any such indebtedness of Original Borrower to New Borrower, or of
                New
                Borrower to Original Borrower, will be collected, enforced and received
                by
                New Borrower or Original Borrower (as applicable) in trust for the
                benefit
                of the Noteholder, and will be paid over to the Noteholder on account
                of
                the indebtedness of Original Borrower and New Borrower to the Noteholder,
                but without impairing or affecting in any manner the liability of
                Original
                Borrower or New Borrower under the other provisions of the Loan Documents
                and this Agreement.  However, until the occurrence of an Event
                of Default under the Security Instrument, Original Borrower or New
                Borrower (as applicable) will be entitled to retain for its own account
                all payments made on account of the principal of and interest on
                any such
                indebtedness; provided no such payment is made more than ten (10)
                days in
                advance of the due date.

            

    

    

    
      	
              4.  

            	
              Modification
                of Note and Security Instrument.  New Borrower and
                Noteholder agree that the provisions of the Loan Documents are modified
                as
                set forth on Exhibit C to this
                Agreement.

            

    

    

    
      	
              5.  

            	
              Replacement
                Reserve.  New Borrower and Noteholder agree that a
                Replacement Reserve Account will be established with Servicer with
                payments to be made by New Borrower to such account in the amount
                of Four
                Thousand Five Hundred and No/100 Dollars ($4,500.00) per month, in
                accordance with the terms and provisions of the Replacement Reserve
                Agreement to be executed by New Borrower and Noteholder on the same
                date
                as this Agreement. The failure of New Borrower to
                comply with the additional obligations contained in this Section
                will
                constitute an Event of Default under the Security Instrument, and
                the
                Noteholder will be entitled to exercise all remedies available to
                it under
                the terms of the Loan Documents.  Servicer will transfer the
                amount of Thirty Six Thousand and No/100 Dollars ($36,000.00) to
                the New
                Borrower’s Replacement Reserve Account as the Initial
                Deposit.  Original Borrower acknowledges and agrees that by
                executing this Agreement it relinquishes all right, title and interest
                it
                has or may have in the Replacement Reserve
                Account.

            

    

    

       6.  
      Repairs.

     No
      Repair Escrow is required.  Original Borrower acknowledges and agrees
      that Noteholder is not holding any funds pursuant to the Repair Escrow, if
      any,
      executed by Original Borrower.

    

    
      	
              7. 
                

            	
              Tax
                and Insurance Escrow.  On or prior to the execution of this
                Agreement, to ensure that sufficient funds are available for the
                payment
                of real estate taxes, and fire, hazard or
                other

            

    

     

     

    ____________________________________________________________________________________________________________________________________________

    
      ASSUMPTION
        AGREEMENT                                                                                Page
        4

      Multifamily
        - For Use with Electronic Mortgage
        Documents (8/13/2004)

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    insurance
      premiums, an escrow account will be established with Servicer, with payments
      to
      be made by New Borrower to such account in the amount required by Noteholder
      and/or Servicer.  By execution of this Agreement, Original Borrower
      acknowledges and agrees that it relinquishes any right, title or interest it
      has
      or may have in any escrow account held by Servicer in connection with the
      Property.

    

    
      	
              8.  

            	
              Guaranty
                Requirements. On the date of execution of this
                Agreement, Maxus Operating Limited Partnership, a Delaware limited
                partnership, and Maxus Realty Trust, Inc., a Missouri corporation,
                (jointly and severally if more than one, "New Guarantor")
                will
                execute and deliver to Noteholder the appropriate version of the
                Guaranty
                (the "Guaranty") under which the New Guarantor guarantees the full
                and
                punctual payment when due of the "Guaranteed Obligations" (as such
                term is
                defined in the Guaranty).  The Guaranty will provide that New
                Guarantor is personally liable for zero percent (0%) of the outstanding
                principal balance of the Loan.  New Guarantor automatically will
                become liable for one hundred percent (100%) of all amounts payable
                under
                the Loan Documents upon the occurrence of certain events more specifically
                set forth in the Guaranty.

            

    

    

    
      	
              9.  

            	
              Ratification
                of Original Guaranty.  By signing the Acknowledgment and
                Consent to this Agreement where indicated below, the Original
                Guarantor:

            

    

    

    
      	
               

            	
              a)  
                

            	
              ratifies
                the guaranty under which it guaranteed payments of certain amounts
                under
                the Loan Documents (the "Original Guaranty") only to the extent that
                it
                guaranties payments of the Borrower's liability under Section 18
                (ENVIRONMENTAL HAZARDS) of the Security Instrument arising out of
                conditions existing on or before the date of this Agreement ("Preexisting
                Conditions"); and

            

    

    

    
      	
              b)  

            	
              agrees
                that Section 18 (ENVIRONMENTAL HAZARDS) of the Security Instrument
                as
                assumed by New Borrower and modified by this Agreement will continue
                to be
                guaranteed by the Original Guarantor as and to the full extent provided
                in
                the Original Guaranty for such Preexisting
                Conditions.

            

    

    

    
      	
              c)  

            	
              Noteholder
                hereby releases Original Guarantor from any and all liability under
                the
                Original Guaranty except to the extent that the Original Guaranty
                guarantees payment of the Original Borrower's liability under Section
                18
                of the Security Instrument arising out of Preexisting
                Conditions.

            

    

    

    
      	
              10.

            	
              Representations.  Original
                Borrower represents and warrants to
                Noteholder:

            

    

    

    
      	
              a)  

            	
              As
                of the date of this Agreement, the amount of the unpaid indebtedness
                under
                the Note is Four Million Eight Hundred Fourteen Thousand Nine Hundred
                and
                56/100 Dollars ($4,814,900.56).

            

    

    

    
      	
              b)  

            	
              Interest
                at the rate set forth in the Note has been paid to Noteholder in
                full
                through and including October 31,
                2007.

            

    

     

     

    
      ____________________________________________________________________________________________________________________________________________

      ASSUMPTION
        AGREEMENT                                                                                Page
        5

      Multifamily
        - For Use with Electronic Mortgage
        Documents (8/13/2004)

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              c)  

            	
              All
                of the representations and warranties in the Loan Documents are true
                as of
                the date on which Original Borrower executes this
                Agreement.

            

    

    

    
      	
              d)  

            	
              No
                Event of Default (or event which, with the giving of notice or the
                passage
                of time or both, would be an Event of Default) has occurred or is
                continuing under the Security
                Instrument.

            

    

    

    
      	
              e)  

            	
              Original
                Borrower has no claims, offsets, defenses, or counterclaims of any
                kind to
                its performance under, or Noteholder's enforcement of, the Note and
                the
                other Loan Documents; and to the extent any such counterclaims, setoffs,
                defenses or other causes of action may exist, whether known or unknown,
                Original Borrower waives all such items.  Original Borrower
                acknowledges that all of Noteholder's actions in connection with
                the Loan
                have been in compliance with the terms of the applicable Loan Documents,
                and Original Borrower acknowledges and agrees that Noteholder has
                not
                breached or failed to perform any duty or obligation that Noteholder
                may
                owe Original Borrower.

            

    

    

    
      	
              f)  

            	
              There
                are no suits or actions threatened or pending against Original Borrower
                which affect the enforcement or validity of the Note, the Security
                Instrument and/or the Loan
                Documents.

            

    

    

    
      	
              11.

            	
              Additional
                Transfers.  Notwithstanding the Noteholder's consent to the
                Transfer of the Property to New Borrower, New Borrower understands
                and
                agrees that such consent will in no way limit or operate as a waiver
                of
                the Noteholder's continuing rights under Section 21 of the Security
                Instrument.

            

    

    

    
      	
              12.

            	
              Continuing
                Obligations.  New Borrower will execute, acknowledge and
                deliver Moisture Management Plan Compliance Certificate and such
                other
                documents as Noteholder, or Servicer may require to document the
                Assumption described in this Agreement and to more fully effectuate
                the
                provisions of this Agreement.  The failure of New Borrower to
                comply with the additional obligations contained in this Section
                will
                constitute an Event of Default under the Security Instrument, and
                the
                Noteholder will be entitled to exercise all remedies available to
                it under
                the terms of the Loan Documents.

            

    

    

    
      	
              13.

            	
              Additional
                Obligations.

            

    

    

    
      	
              a)  

            	
              To
                induce the Noteholder to consent to New Borrower's Assumption, in
                addition
                to the covenants and agreements set forth in the Loan Documents,
                New
                Borrower agrees that it will comply with the Additional Obligations
                set
                forth on Exhibit D to this Agreement, if
                applicable.

            

    

    

    
      	
              b)  

            	
              The
                failure of New Borrower to comply with the Additional Obligations,
                if
                applicable, will constitute an Event of Default under the Security
                Instrument, and the

            

    

     

     

     

    
      ____________________________________________________________________________________________________________________________________________

      ASSUMPTION
        AGREEMENT                                                                                Page
        6

      Multifamily
        - For Use with Electronic Mortgage
        Documents (8/13/2004)

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Noteholder
      will be entitled to exercise all remedies available to it under the terms of
      the
      Loan Documents.

    

    
      	
              14.  

            	
              Release
                of Original Borrower; Rights of
                Noteholder.

            

    

    

    
      	
              a)  

            	
              In
                reliance upon Original Borrower's representations and warranties,
                the
                Noteholder releases Original Borrower from any and all obligations
                under
                the terms and provisions of the Loan Documents; provided, however,
                that
                Original Borrower is not released from any liability pursuant to
                Section
                18 (ENVIRONMENTAL HAZARDS) of the Security Instrument arising out
                of
                conditions existing on or before the date of this Agreement ("Preexisting
                Conditions").

            

    

    

    
      	
              b)  

            	
              If
                any material element of Original Borrower's representations and warranties
                are materially false or misleading, this release will be canceled
                and
                Original Borrower will remain obligated under the Loan Documents
                as though
                there had been no release.

            

    

    

    
      	
               

            	
              c)  
                

            	
              If
                at any time all or any part of any payment by Original Borrower which
                has
                been applied by the Noteholder to payment of the Loan on or prior
                to the
                date of this Agreement is or must be rescinded, repaid or returned
                by the
                Noteholder for any reason whatsoever (including, without limitation,
                the
                application of any bankruptcy, insolvency or other law), for purposes
                of
                this Agreement, to the extent that such payment is or must be rescinded,
                repaid or returned, such payment will be deemed to have continued
                to be
                due and payable, notwithstanding such application by the Noteholder
                and
                this Agreement will continue to be effective as to such payment as
                though
                such application by the Noteholder had not been made.  Original
                Borrower and New Borrower will each remain liable to the Noteholder
                for
                the amount so rescinded, repaid, or returned to the same extent as
                if such
                amount had never originally been received by the Noteholder,
                notwithstanding any cancellation of the Note, release or satisfaction
                of
                the Security Instrument, or the cancellation of any other Loan
                Document.

            

    

    

    
      	
              15.

            	
              Expenses.  New
                Borrower's execution of this Agreement will constitute New Borrower's
                agreement to pay all expenses incurred by the Noteholder in connection
                with this Assumption, including without limitation the payment of
                any
                title endorsement costs,  legal costs (including in-house legal
                costs) attorney's fees, and assumption fees required by the
                Noteholder.

            

    

    

    
      	
              16.

            	
              Miscellaneous.

            

    

    

    
      	
              a)  

            	
              This
                Agreement will be binding upon and will inure to the benefit of the
                parties to the Agreement and their respective heirs, successors and
                permitted assigns.

            

    

     

     

    
 

    ____________________________________________________________________________________________________________________________________________

    ASSUMPTION
      AGREEMENT                                                                                Page
      7

    Multifamily
      - For Use with Electronic Mortgage
      Documents (8/13/2004)

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    
      	
              b)  

            	
              Except
                as expressly modified by this Agreement, the Note, the Security Instrument
                and all other Loan Documents will be unchanged and remain in full
                force
                and effect, and are hereby expressly approved, ratified and
                confirmed.  No provision of this Agreement that is held to be
                inoperative, unenforceable or invalid will affect the remaining
                provisions, and to this end all provisions of this Agreement are
                declared
                to be severable.

            

    

    

    
      	
              c)  

            	
              Time
                is of the essence of this
                Agreement.

            

    

    

    
      	
              d)  

            	
              This
                Agreement may not be changed orally, but only by an agreement in
                writing,
                signed by the party against whom enforcement of any waiver, change,
                modification or discharge is
                sought.

            

    

    

    
      	
              e)  

            	
              This
                Agreement will be construed in accordance with the laws of the
                jurisdiction in which the Property is
                located.

            

    

    

    
      	
              f)  

            	
              This
                Agreement may be executed in counterparts, each of which will be
                deemed an
                original, but all of which together will constitute one and the same
                document.

            

    

    

    
      	
              g)  

            	
              All
                notices given pursuant to the Agreement must be in writing and will
                be
                effectively given if personally delivered or, if mailed, postage
                prepaid,
                certified or registered mail, return receipt requested, to the addresses
                of the parties set forth below or to such other address as any party
                subsequently may designate in
                writing.

            

    

    

    
      	
              17.

            	
              Executed
                Originals.  An executed original of this Agreement will be
                (i) attached permanently to the Note as an amendment to the Note,
                and (ii)
                recorded in the Land Records as a modification to the Security
                Instrument.

            

    

    

    
      	
              18.

            	
              State
                Specific
                Requirements.  N/A.

            

    

    

    ATTACHED
      EXHIBITS.  The following Exhibits are attached to this
      Instrument:

    

    [X]  Exhibit
      A                     
Legal Description of the Land (required).

    

    [X]  Exhibit
      B                      
List of Loan Documents (required).

    

    
      	
               

            	
              [X]  Exhibit
                C

            	
              Modifications
                to Note and Security Instrument,
                (required).

            

    

    

    
      	
               

            	
              [X]  Exhibit
                D

            	
              Additional
                Obligations of New Borrower, check if
                applicable.

            

    

    

    
      	
               

            	
              [X]  Exhibit
                E

            	
              Modification
                to Assumption Agreement, check if
                applicable.

            

    

     

     

    
      ____________________________________________________________________________________________________________________________________________

      ASSUMPTION
        AGREEMENT                                                                                Page
        8

      Multifamily
        - For Use with Electronic Mortgage
        Documents (8/13/2004)

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties have
      executed this Agreement as of the date written above.

    

    ORIGINAL
      BORROWER:

    

    Regency
      North Associates, L.P.,

    a
      Missouri limited partnership

    

    By:           KELCOR,
      INC.,

    a
      Missouri corporation

    Its:           General
      Partner

    

    By:
      /s/ John W. Alvey

    Name:
      John W. Alvey

    Its:
      Vice
      President

    

    Address
      for Notice to Original Borrower:

    Regency
      North Associates, L.P.

    c/o
      Maxus
      Properties, Inc.

    104
      Armour Road

    North
      Kansas City, MO  64116

    

    

    STATE
      OF
      MISSOURI                                        
)

     
      )ss.

    COUNTY
      OF                       Clay          
)

     

    On
      this
27 day of November, 2007, before me, the undersigned, a Notary
      Public in and for the State of Missouri, duly commissioned and sworn, personally
      appeared David L. Johnson, to me known to be the Vice President of Kelcor,
      Inc.,
      a Missouri corporation, the General Partner of Regency North Associates, L.P.,
      a
      Missouri limited partnership, described in the foregoing instrument,
      acknowledged to me that he signed and sealed the foregoing instrument as the
      free and voluntary act and deed of the limited partnership, for the uses and
      purposes therein mentioned.

     

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal,
      the
      day and year above written.

     

    
      	
              (Seal)

            	 	 
	
              GRACE
                E. BALES

            	 	 
	
              Notary
                Public – Notary Seal

            	 	 
	
              STATE
                OF MISSOURI

            	 	 
	
              Clay
                County

            	 	 
	
              My
                Commission Expires Aug. 24. 2010

            	 	 
	
              Commission
                #06429203

            	 	
              /s/
                Grace E. Bales

            
	 	 	
              Notary
                Public

            
	 	 	
              My
                Commission Expires: Aug. 24, 2010

            

    

    

     

    

    [The
      remainder of this page is intentionally left blank, signature pages
      follow.]

     

     

     

     

     

    
      ____________________________________________________________________________________________________________________________________________

      ASSUMPTION
        AGREEMENT                                                                                Page
        9

      Multifamily
        - For Use with Electronic Mortgage
        Documents (8/13/2004)

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    NEW
      BORROWER:

    

    Regency
      North Acquisition, LLC,

    a
      Missouri limited liability company

    

    By:           Maxus
      Realty Trust, Inc.,

    a
      Missouri corporation

    Its:           Manager

    

    By:
      /s/ John W. Alvey

    Name:
      John W. Alvey

    Its:
      Vice
      President

    

    Tax
      identification number for New Borrower:

    26-1441356

    

    Address
      for Notice to New Borrower:

    Regency
      North Acquisition, LLC

    c/o
      Maxus
      Properties, Inc.

    104
      Armour Road

    North
      Kansas City, MO  64116

    

    

    
      STATE
        OF
        MISSOURI                                        
)

       
        )ss.

      COUNTY
        OF                       Clay          
)

       

    

    On
      this
      27 day of November, 2007, before me, the undersigned, a Notary Public in
      and for the State of Missouri, duly commissioned and sworn, personally appeared
      John W. Alvey, to me known to be the Vice President of Maxus Realty Trust,
      Inc.,
      a Missouri corporation, the Manager of Regency North Acquisition, LLC, a
      Missouri limited liability company, described in the foregoing instrument,
      acknowledged to me that he signed and sealed the foregoing instrument as the
      free and voluntary act and deed of the limited liability company, for the uses
      and purposes therein mentioned.

     

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal,
      the
      day and year above written.

    
       

      
        	
                (Seal)

              	 	 
	
                GRACE
                  E. BALES

              	 	 
	
                Notary
                  Public – Notary Seal

              	 	 
	
                STATE
                  OF MISSOURI

              	 	 
	
                Clay
                  County

              	 	 
	
                My
                  Commission Expires Aug. 24. 2010

              	 	 
	
                Commission
                  #06429203

              	 	
                /s/
                  Grace E. Bales

              
	 	 	
                Notary
                  Public

              
	 	 	
                My
                  Commission Expires: Aug. 24, 2010

              

      

      

    

    [The
      remainder of this page is intentionally left blank, signature pages
      follow.]

     

     

     

     

    

      ____________________________________________________________________________________________________________________________________________

      ASSUMPTION
        AGREEMENT                                                                                Page
        10

      Multifamily
        - For Use with Electronic Mortgage
        Documents (8/13/2004)

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    CONSENTED
      TO BY NOTEHOLDER:

    

    Federal
      Home Loan Mortgage Corporation

    

    

    

    By:
      _______________________________

    Name:
      _____________________________

    Title:
      ______________________________

    

    

    Address
      for Notice to Noteholder:

    Federal
      Home Loan Mortgage Corporation

    8100
      Jones Branch Drive, MS B-4F

    McLean,
      VA  22102

    Attn:  Director
      of Multifamily Portfolio Services

    

    

    

    

    COMMONWEALTH
      OF
      VIRGINIA                           
 )

                        )
      ss.

    COUNTY
      OF
      _______________________              )

    

    The
      foregoing instrument was acknowledged before me this _____ day of __________,
      2007, by 

    ___________________________,
      the __________________________ of Federal Home Loan 

    Mortgage
      Corporation, on behalf of the corporation.

    

    ___________________________________

    Signature
      of Person Taking Acknowledgment

    ___________________________________

    Title
      or
      Rank

    

    

    [The
      remainder of this page is intentionally left blank, signature pages
      follow.]

     

     

     

    
      ____________________________________________________________________________________________________________________________________________

      ASSUMPTION
        AGREEMENT                                                                                Page
        11

      Multifamily
        - For Use with Electronic Mortgage
        Documents (8/13/2004)

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ACKNOWLEDGED
      AND CONSENTED TO:

    

    ORIGINAL
      GUARANTOR:

    

    MJS
      ASSOCIATES, INC.,

    a
      Missouri corporation

    

    

    By:
      /s/ John W. Alvey

    Name:  John
      W. Alvey

    Its:  Vice
      President

    

    Address
      for Notice to Original Guarantor:

    MJS
      Associates, Inc.

    c/o
      Maxus
      Properties, Inc.

    104
      Armour Road

    North
      Kansas City, MO  64116

    

    

     
      
      STATE
        OF
        MISSOURI                                        
)

       
        )ss.

      COUNTY
        OF                       Clay          
)

    

     

    On
      this
27 day of November, 2007, before me, the undersigned, a Notary
      Public in and for the State of Missouri, duly commissioned and sworn, personally
      appeared David L. Johnson, to me known to be the Vice President of MJS
      Associates, Inc., a Missouri corporation, described in the foregoing instrument,
      acknowledged to me that he signed and sealed the foregoing instrument as the
      free and voluntary act and deed of the corporation, for the uses and purposes
      therein mentioned.

     

    IN
      WITNESS WHEREOF, I have hereunto set
      my hand and affixed my official seal, the day and year above
      written.

    
       

      
        	
                (Seal)

              	 	 
	
                GRACE
                  E. BALES

              	 	 
	
                Notary
                  Public – Notary Seal

              	 	 
	
                STATE
                  OF MISSOURI

              	 	 
	
                Clay
                  County

              	 	 
	
                My
                  Commission Expires Aug. 24. 2010

              	 	 
	
                Commission
                  #06429203

              	 	
                /s/
                  Grace E. Bales

              
	 	 	
                Notary
                  Public

              
	 	 	
                My
                  Commission Expires: Aug. 24, 2010

              

      

      
 

    

    [The
      remainder of this page is intentionally left blank, signature pages
      follow.]

     

     

     

    
      ____________________________________________________________________________________________________________________________________________

      ASSUMPTION
        AGREEMENT                                                                                Page
        12

      Multifamily
        - For Use with Electronic Mortgage
        Documents (8/13/2004)

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    NEW
      GUARANTOR:

    

    Maxus
      Operating Limited Partnership,

    a
      Delaware limited partnership

    

    By:           Maxus
      Realty GP, Inc.,

    a
      Delaware corporation

    Its:           General
      Partner

    

    By:
      /s/ John W. Alvey

    Name: John
      W. Alvey

    Title:  Vice
      President

    

    Address
      for Notice to New Guarantor:

    Maxus
      Operating Limited Partnership

    c/o
      Maxus
      Properties, Inc.

    104
      Armour Road

    North
      Kansas City, MO  64116

    

    

    
      STATE
        OF
        MISSOURI                                        
)

       
        )ss.

      COUNTY
        OF                       Clay          
)

    

     

    On
      this
      27 day of November, 2007, before me, the undersigned, a Notary Public in
      and for the State of Missouri, duly commissioned and sworn, personally appeared
      John W. Alvey, to me known to be the Vice President of Maxus Realty GP, Inc.,
      a
      Delaware corporation, the General Partner of Maxus Operating Limited
      Partnership, a Delaware limited partnership, described in the foregoing
      instrument, acknowledged to me that he signed and sealed the foregoing
      instrument as the free and voluntary act and deed of the limited partnership,
      for the uses and purposes therein mentioned.

     

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal,
      the
      day and year above written.

     

    
       

      
        	
                (Seal)

              	 	 
	
                GRACE
                  E. BALES

              	 	 
	
                Notary
                  Public – Notary Seal

              	 	 
	
                STATE
                  OF MISSOURI

              	 	 
	
                Clay
                  County

              	 	 
	
                My
                  Commission Expires Aug. 24. 2010

              	 	 
	
                Commission
                  #06429203

              	 	
                /s/
                  Grace E. Bales

              
	 	 	
                Notary
                  Public

              
	 	 	
                My
                  Commission Expires: Aug. 24, 2010

              

      

      

    

     

     [The
      remainder of this page is intentionally left blank, signature pages
      follow.]

     

     

    
      ____________________________________________________________________________________________________________________________________________

      ASSUMPTION
        AGREEMENT                                                                                Page
        13

      Multifamily
        - For Use with Electronic Mortgage
        Documents (8/13/2004)

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    NEW
      GUARANTOR:

    

    Maxus
      Realty Trust, Inc.,

    a
      Missouri corporation

    

    

    By:
      /s/ John W. Alvey

    
      	
               

            	
              Name:  John
                W. Alvey

            

    

    
      	
               

            	
              Title:  Vice
                President

            

    

    

    Address
      for Notice to New Guarantor:

    Maxus
      Realty Trust, Inc.

    c/o
      Maxus
      Properties, Inc.

    104
      Armour Road

    North
      Kansas City, MO  64116

    

    

    
      
        STATE
          OF
          MISSOURI                                        
)

         
          )ss.

        COUNTY
          OF                       Clay          
)

         

      

    

    On
      this
27 day of November, 2007, before me, the undersigned, a Notary
      Public in and for the State of Missouri, duly commissioned and sworn, personally
      appeared John W. Alvey, to me known to be the Vice President of Maxus Realty
      Trust, Inc., a Missouri corporation, described in the foregoing instrument,
      acknowledged to me that he signed and sealed the foregoing instrument as the
      free and voluntary act and deed of the corporation, for the uses and purposes
      therein mentioned.

     

    IN
      WITNESS WHEREOF, I have hereunto set
      my hand and affixed my official seal, the day and year above
      written.

     

    
       

      
        	
                (Seal)

              	 	 
	
                GRACE
                  E. BALES

              	 	 
	
                Notary
                  Public – Notary Seal

              	 	 
	
                STATE
                  OF MISSOURI

              	 	 
	
                Clay
                  County

              	 	 
	
                My
                  Commission Expires Aug. 24. 2010

              	 	 
	
                Commission
                  #06429203

              	 	
                /s/
                  Grace E. Bales

              
	 	 	
                Notary
                  Public

              
	 	 	
                My
                  Commission Expires: Aug. 24, 2010

              

      

      

    

    
      ____________________________________________________________________________________________________________________________________________

      ASSUMPTION
        AGREEMENT                                                                                Page
        14

      Multifamily
        - For Use with Electronic Mortgage
        Documents (8/13/2004)

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

    

    

     

    

    EXHIBIT
      A

    

    REQUIRED

     

    (Legal
      Description of Land)

    

    

    Tracts
      1
      and 2, REGENCY NORTH, a subdivision in Kansas City, Clay County,
      Missouri.

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    ____________________________________________________________________________________________________________________________________________

    ASSUMPTION
      AGREEMENT                                                                                Page
      A-1

    Multifamily
      - For Use with Electronic Mortgage
      Documents (8/13/2004)

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      B

    

    REQUIRED

    

    (List
      of Loan Documents that will be Assumed)

    

    

    
      	
              1.

            	
              Multifamily
                Note dated as of December 27, 2000, in the original principal amount
                of
                $5,250,000.00, executed by Original Borrower and payable to the Original
                Lender.

            

    

    

    
      	
              2.

            	
              Multifamily
                Deed of Trust, Assignment of Rents and Security Agreement dated as
                of
                December 27, 2000 executed by Original Borrower in favor of Original
                Lender.

            

    

    

    

     

     

     

     

     

     

     

     

     

     

    
      ____________________________________________________________________________________________________________________________________________

      ASSUMPTION
        AGREEMENT                                                                                Page
        B-1

      Multifamily
        - For Use with Electronic Mortgage
        Documents (8/13/2004)

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      C

    

    REQUIRED

    

    (Changes
      to Loan Documents)

    

    

    I.           
      Modifications to all Loan Documents

     

         
As
      used in the Loan Documents, all reference to Borrower will be deemed to refer
      to
      New Borrower.

    

    II.           Modifications
      to the Note

    

    
      	
              1.

            	
              Paragraph
                9(c) of the Note is hereby amended to add the following subparagraph
                (4)
                as follows:

            

    

    

    
      	
               

            	
              (4)

            	
              failure
                by Borrower to pay the amount of any water and sewer charges that
                could
                become a lien on the Mortgaged Property, other charges or assessments
                that
                could become a lien on the Mortgaged Property, or ground rents in
                accordance with the terms of the Security
                Instrument.

            

    

    

    III.           Modifications
      to the Security Instrument

    

    
      	
              1.

            	
              Section
                7 of the Security Instrument is deleted in its entirety and the following
                substituted in its place:

            

    

    

    7.           DEPOSITS
      FOR TAXES, INSURANCE AND OTHER CHARGES.

    

    (a)           Unless
      this requirement is waived in writing by Lender, which waiver may be contained
      in this Section 7(a), Borrower shall deposit with Lender on the day monthly
      installments of principal or interest, or both, are due under the Note (or
      on
      another day designated in writing by Lender), until the Indebtedness is paid
      in
      full, an additional amount sufficient to accumulate with Lender the entire
      sum
      required to pay, when due, the items marked "Collect" below.  Lender
      will not require the Borrower to make Imposition Deposits with respect to the
      items marked "Deferred" below.

    

    
      	
               

            	
                [Collect]

            	
              Hazard
                Insurance premiums or other insurance premiums required by Lender
                under
                Section 19,

            

    

    
      	
               

            	
              [Collect]

            	
              Taxes,

            

    

    
      	
                   
                [Deferred]

            	
              water
                and sewer charges (that could become a lien on the Mortgaged
                Property),

            

    

     

     

    
      ____________________________________________________________________________________________________________________________________________

      ASSUMPTION
        AGREEMENT                                                                                Page
        C-1

      Multifamily
        - For Use with Electronic Mortgage
        Documents (8/13/2004)

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     [N/A]   ground
      rents,

    
      	
                   
                [Deferred]

            	
              assessments
                or other charges (that could become a lien on the Mortgaged
                Property)

            

    

    

    The
      amounts deposited under the preceding sentence are collectively referred to
      in
      this Instrument as the "Imposition Deposits."  The obligations of
      Borrower for which the Imposition Deposits are required are collectively
      referred to in this Instrument as "Impositions."  The amount of the
      Imposition Deposits shall be sufficient to enable Lender to pay each Imposition
      before the last date upon which such payment may be made without any penalty
      or
      interest charge being added.  Lender shall maintain records indicating
      how much of the monthly Imposition Deposits and how much of the aggregate
      Imposition Deposits held by Lender are held for the purpose of paying Taxes,
      insurance premiums and each other Imposition.

    

    (b)           Imposition
      Deposits shall be held in an institution (which may be Lender, if Lender is
      such
      an institution) whose deposits or accounts are insured or guaranteed by a
      federal agency.  Lender shall not be obligated to open additional
      accounts or deposit Imposition Deposits in additional institutions when the
      amount of the Imposition Deposits exceeds the maximum amount of the federal
      deposit insurance or guaranty.  Lender shall apply the Imposition
      Deposits to pay Impositions so long as no Event of Default has occurred and
      is
      continuing.  Unless applicable law requires, Lender shall not be
      required to pay Borrower any interest, earnings or profits on the Imposition
      Deposits.  As additional security for all of Borrower's obligations
      under this Instrument and the other Loan Documents, Borrower hereby pledges
      and
      grants to Lender a security interest in the Imposition Deposits and all proceeds
      of, and all interest and dividends on, the Imposition Deposits.  Any
      amounts deposited with Lender under this Section 7 shall not be trust funds,
      nor
      shall they operate to reduce the Indebtedness, unless applied by Lender for
      that
      purpose under Section 7(e).

    

    (c)           If
      Lender receives a bill or invoice for an Imposition, Lender shall pay the
      Imposition from the Imposition Deposits held by Lender.  Lender shall
      have no obligation to pay any Imposition to the extent it exceeds Imposition
      Deposits then held by Lender.  Lender may pay an Imposition according
      to any bill, statement or estimate from the appropriate public office or
      insurance company without inquiring into the accuracy of the bill, statement
      or
      estimate or into the validity of the Imposition.

    

    (d)           If
      at any time the amount of the Imposition Deposits held by Lender for payment
      of
      a specific Imposition exceeds the amount reasonably deemed necessary by Lender,
      the excess shall be credited against future installments of Imposition
      Deposits.  If at any time the amount of the Imposition Deposits held
      by Lender for payment of a specific Imposition is less than the amount
      reasonably estimated by Lender to be necessary, Borrower shall pay to Lender
      the
      amount of the deficiency within 15 days after Notice from Lender.

     

     

    
      ____________________________________________________________________________________________________________________________________________

      ASSUMPTION
        AGREEMENT                                                                                Page
        C-2

      Multifamily
        - For Use with Electronic Mortgage
        Documents (8/13/2004)

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    (e)           If
      an Event of Default has occurred and is continuing, Lender may apply any
      Imposition Deposits, in any amounts and in any order as Lender determines,
      in
      Lender's discretion, to pay any Impositions or as a credit against the
      Indebtedness. Upon payment in full of the Indebtedness, Lender shall refund
      to
      Borrower any Imposition Deposits held by Lender.

    

    (f)           If
      Lender does not collect an Imposition Deposit with respect to an Imposition
      either marked "Deferred" in Section 7(a) or pursuant to a separate written
      waiver by Lender, then on or before the date each such Imposition is due, or
      on
      the date this Instrument requires each such Imposition to be paid, Borrower
      must
      provide Lender with proof of payment of each such Imposition for which Lender
      does not require collection of Imposition Deposits.  Lender may revoke
      its deferral or waiver and require Borrower to deposit with Lender any or all
      of
      the Imposition Deposits listed in Section 7(a), regardless of whether any such
      item is marked "Deferred" in such section, upon Notice to Borrower, (i) if
      Borrower does not timely pay any of the Impositions, (ii) if Borrower fails
      to
      provide timely proof to Lender of such payment, or (iii) at any time during
      the
      existence of an Event of Default.

    

    (g)           In
      the event of a Transfer prohibited by or requiring Lender's approval under
      Section 21, Lender's waiver of the collection of any Imposition Deposit in
      this
      Section 7 may be modified or rendered void by Lender at Lender's option by
      Notice to Borrower and the transferee(s) as a condition of Lender's approval
      of
      such Transfer.

    

    
      	
              2.

            	
              Section
                19(b) of the Security Instrument is deleted in its entirety and the
                following substituted in its place:

            

    

    

    
      	
               

            	
              (b)

            	
              All
                premiums on Hazard Insurance policies required under Section 19(a)
                shall
                be paid in the manner provided in Section 7, unless Lender has designated
                in writing another method of payment.  All such policies shall
                also be in a form approved by Lender.  All policies of property
                damage insurance shall include a non-contributing, non-reporting
                mortgage
                clause in favor of, and in a form approved by, Lender.  Lender
                shall have the right to hold the original policies or duplicate original
                policies of all Hazard Insurance required by Section
                19(a).  Borrower shall promptly deliver to Lender a copy of all
                renewal and other notices received by Borrower with respect to the
                policies and all receipts for paid premiums.  Prior to the
                expiration date of any Hazard Insurance policy, Borrower shall deliver
                to
                Lender evidence acceptable to Lender that the policy has been
                renewed.  If Borrower has not delivered the original (or a
                duplicate original) of a renewal policy prior to the expiration date
                of
                any Hazard Insurance policy, Borrower shall deliver the original
                (or a
                duplicate original) of a renewal policy in
                a

            

    

     

     

    
      ____________________________________________________________________________________________________________________________________________

      ASSUMPTION
        AGREEMENT                                                                                Page
        C-3

      Multifamily
        - For Use with Electronic Mortgage
        Documents (8/13/2004)

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    form
      satisfactory to Lender within 120 days after the expiration date of the original
      policy.

    

    3.           A
      new Section 50 is hereby added to the Security Instrument as
      follows:

    

    
      	
               

            	
              50.

            	
              Moisture
                Management Plan and Mold.  Borrower must have or must
                establish and must adhere to a moisture management plan (an
                "MMP").  The Borrower must keep all MMP documentation at the
                Mortgaged Property or at the management agent's office and available
                for
                the Lender or the Loan Servicer to review during any annual assessment
                or
                other inspection of the Mortgaged Property that is required by
                Lender.

            

    

    

    If
      Lender
      determines that Mold has developed at the Mortgaged Property as a result of
      a
      water intrusion event or leak, Lender, at Lender's discretion, may require
      that
      a professional inspector inspect the Mortgaged Property as frequently as Lender
      determines is necessary until any issue with Mold and its cause(s) are resolved
      to Lender's satisfaction.  Such inspection shall be limited to a
      visual and olfactory inspection of the area that has experienced the water
      intrusion event, leak or Mold.  Borrower shall be responsible for the
      cost of such professional inspection and any remediation deemed to be necessary
      as a result of the professional inspection.  After any issue with
      Mold, water intrusion or leaks is remedied to Lender's satisfaction, Lender
      shall not be entitled to require a professional inspection any more frequently
      than once every three years unless Lender is otherwise aware of subsequent
      Mold
      as a result of a water intrusion event or leak.

    

    If
      Lender
      or Loan Servicer determines not to conduct an annual inspection of the Mortgaged
      Property, and in lieu thereof Lender requests a certification, Borrower shall
      be
      prepared to provide and must actually provide to Lender a factually correct
      certification each year that the annual inspection is waived to the following
      effect:

    

    Borrower
      has not received any written complaint, notice, letter or other written
      communication from tenants, management agent or governmental authorities
      regarding odors, indoor air quality, mold, fungus, microbial contamination
      or
      pathogenic organisms ("Mold") or any activity, condition, event or omission
      that
      causes or facilitates the growth of Mold on or in any part of the Mortgaged
      Property or if Borrower has received any such written complaint, notice, letter
      or other written communication that Borrower has investigated and determined
      that no Mold activity, condition or event exists or alternatively
      has  fully and properly remediated such activity, condition, event or
      omission in compliance with the Moisture Management Plan for the Mortgaged
      Property.

     

    If
      Borrower is unwilling or unable to provide such certification, Lender may
      require a professional inspection of the Mortgaged Property at Borrower's
      expense.

     

     

    
      ____________________________________________________________________________________________________________________________________________

      ASSUMPTION
        AGREEMENT                                                                                Page
        C-4

      Multifamily
        - For Use with Electronic Mortgage
        Documents (8/13/2004)

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      D

    APPLICABLE
      _____

    NOT
      APPLICABLE   X

    

    (Additional
      Obligations of New Borrower)

    

    

    

    

    

     

     

     

     

     

     

     

     

    
 

    

    

    

    

    

    
      ____________________________________________________________________________________________________________________________________________

      ASSUMPTION
        AGREEMENT                                                                                Page
        D-1

      Multifamily
        - For Use with Electronic Mortgage
        Documents (8/13/2004)

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

    

    

    EXHIBIT
      E

    

    APPLICABLE
      _____

    NOT
      APPLICABLE   X

    

    (Modification
      to Assumption Agreement)

    

    

     

     

     

     

     

     

     

     

    
 

    
      ____________________________________________________________________________________________________________________________________________

      ASSUMPTION
        AGREEMENT                                                                                Page
        E-1

      Multifamily
        - For Use with Electronic Mortgage
        Documents (8/13/2004)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00133-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00133-of-00352.parquet"}]]