Document:

Exhibit 10.8

 

TRANSITION AND RETIREMENT
AGREEMENT

 

This
TRANSITION AND RETIREMENT AGREEMENT (this
“Agreement”) is entered into as of March 16, 2006 by and between BECKMAN COULTER, INC., a Delaware corporation (the “Company”),
and James T. Glover (“Executive”).

 

RECITALS

 

WHEREAS,
Executive is the Senior Vice President and Chief Financial Officer (the “CFO”) of
Company;

 

WHEREAS, the
Company desires to have the continued benefit of Executive’s knowledge and
expertise until Executive retires from the Company on or about June 30,
2006, or such later date to which the parties may mutually agree to extend
Executive’s employment (“Retirement Date”) and Executive desires to provide
such services as the Company may reasonably require during such period of
time;

 

NOW, THEREFORE,
in consideration of the premises and the mutual agreements set forth below, the
parties hereby agree as follows:

 

1.             Services.

 

Executive shall remain the CFO and continue to perform the
services of the CFO of the Company until the Retirement Date.

 

2.             Compensation and Benefits.

 

a.     The Company shall continue to pay Executive a
base salary at Executive’s current rate of $12,146.31 for each bi-weekly
period, until the Retirement Date.

 

b.     Also, for an eighteen month period,
commencing on the Retirement Date, the Company shall pay Executive or his
estate $12,146.31 bi-weekly.

 

c.     The Company shall also pay Executive or his
estate a prorated 2006 incentive bonus on or about the time it pays its employees
incentive bonuses for 2006 performance. The bonus Executive shall be paid shall
equal the product of (i) the number of days in 2006 until the Retirement
Date divided by 365, but no less than 183 days, times (ii) one hundred
percent of what the Executive would have received had the Executive served throughout
2006 and received a one hundred percent (100%) bonus payout. For purposes of
certainty, the parties acknowledge that in calculating the  bonus paid to Executive, the Company shall
assume i) Company performance for 2006 that equals the Operating Plan target
for a 100% bonus payout to executives, and ii) that Executive’s performance

 

1

 

was at a level warranting a 100% bonus. The Company
shall amend the Supplemental Pension Plan to include this incentive bonus
payment in Executive’s final average earnings calculations for purposes of
calculating benefits, and other matters under such plan at Retirement.

 

d.     The Company shall provide to Executive
continued eligibility to participate in the Company’s medical plan coverage at
normal active employee rates from the Retirement Date for a period of one year,
and thereafter at the Company’s COBRA rates. In the event of Executive’s death
during the one year period from the Retirement Date, Executive’s dependents may continue
medical coverage at COBRA rates for the period required by COBRA. From and
after the Retirement Date and for a period required by COBRA, Executive shall
be eligible for any other health benefits, including dental and vision
benefits, at rates provided for under COBRA, and in accordance with the
provisions of COBRA. Executive acknowledges and agrees that all medical and
other health benefit premiums, including but not limited to those set forth
above, shall be at Executive’s own expense and are subject to premium
increases.

 

e.     The vesting of Executive’s special stock
option grant, scheduled to vest on April 1, 2007 will be accelerated to
vest on the Retirement Date. Also, Executive’s restricted stock grant scheduled
to vest on August 6, 2007, will be accelerated to vest on May 1, 2006.

 

f.      The Company shall provide to Executive the
Ayco Financial Planning Service (or a successor service if one is selected by
the Company) until December 31, 2007, in accordance with the program
provisions applicable during this period.

 

g.     The Company shall provide an executive
outplacement program to Executive through the firm of Executive’s choice in an
amount not to exceed $35,000. This amount is to be used for outplacement
services only. These services will be provided until the date Executive obtains
other employment or December 31, 2007, whichever date is earlier. The
Company will make payments directly to the outplacement services provider. No
amount of any unused portion will be refunded or payable to Executive.

 

h.     Upon or as soon as practicable after the
Retirement Date, the Company shall pay Executive or his estate $24,292.62 for
twenty (20) accrued, but unused, vacation days. This amount will be included in
the Executive’s final average earnings for calculation purposes of all pension
benefits at Retirement.

 

i.      Payments and benefits under this Agreement
are contingent upon Executive signing and delivering to the Senior Vice
President, General Counsel and Secretary of the Company, a General Release of
All Claims in the form of Attachment “A” hereto dated as of the Retirement
Date.

 

2

 

j.      The Company and Executive agree to reasonably
cooperate to adopt any amendments to this Agreement that may be necessary
or advisable in order to avoid the imputation of tax or any tax penalties
pursuant to Section 409A of the Internal Revenue Code of 1986, as amended.
No such future amendments will reduce the amounts due the Executive or his
estate under this Agreement.

 

3.             Severance Plan Waiver.  Executive
agrees that by accepting, agreeing to and executing this Agreement, Executive
is waiving any and all rights to Basic and Additional Benefits as defined under
the Beckman Coulter, Inc. Separation Pay Plan - #594 and any payments
under any annual incentive plan, including but not limited to the 2006
Executive Annual Incentive Plan, except as provided in Paragraph 2(c) above.
Company and Executive agree that the agreement dated January 1, 2001 shall
remain in effect until Executive’s Retirement Date and that, should any
payments and benefits under such agreement become due prior to his Retirement
Date, then such payments and benefits shall be in lieu of those provided under
Paragraph 2(a) through 2(f) above.

 

4.             General Release.

 

a.     Executive and Executive’s heirs, executors,
and administrators, if any, hereby absolutely and forever release and discharge
the Company, any of its past, present or future parent companies, subsidiaries,
affiliates, divisions, successors, assigns, trust fiduciaries, stockholders,
agents, directors, officers, employees, representatives, heirs, attorneys, and
all persons acting by, through, under or in concert with them, or any of them
(hereinafter collectively known as “Releasees”) of and from any and all manner
of claims, causes of action, or complaints, in law or in equity, of any nature
whatsoever, known or unknown, fixed or contingent (hereinafter called “Claims”),
which Executive now has or may have against the Releasees, or any of them,
arising out of Executive’s employment or retirement from the Company, and any
other claim of any nature whatsoever based upon any fact or event occurring
prior to the date Executive executes this Agreement. If any action is brought
by or on Executive’s behalf relating to any matters released, Releasees shall
be entitled to a return from Executive in the amount equivalent to all payments
mentioned under Paragraphs 2b through 2c above. The return of such amounts
shall not extinguish the Agreement of Executive’s obligations hereunder.

 

b.     Without limiting the generality of Paragraph 4(a),
Executive also specifically agrees to waive any right to recovery based on
local, state or federal age, sex, sexual orientation, pregnancy, race, color,
national origin, marital status, religion, medical condition, physical
disability, or mental disability discrimination laws, including without
limitation, Title VII of the Civil Rights Act of 1964, the Age Discrimination
in Employment Act, the Americans with Disabilities Act, the Federal Family
Medical Leave Act of 1993, the California Family Rights Act and the Fair

 

3

 

Employment and Housing Act, whether such claim or
claims may be based on an action filed by Executive or by a governmental agency.

 

c.     Executive is
aware that after the effective date of this Agreement, Executive may discover
facts different from, or in addition to, those Executive now knows or believes
to be true with respect to the Claims released in Paragraphs 3 and 4 above and
agrees that this Agreement shall be and remains in effect in all respects as a
complete and general release as to all matters released, notwithstanding any
different or additional facts.

 

d.     It is Executive’s
intention in executing this Agreement that it shall be effective as a bar to
each and every claim of any nature whatsoever hereby released. In furtherance
of this intention, Executive specifically waives the benefit of SECTION 1542
OF THE CIVIL CODE OF THE STATE OF CALIFORNIA, which states the following:

 

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS
WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME
OF EXECUTING THIS RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED
HIS SETTLEMENT WITH THE DEBTOR.

 

e.     Nothing in this
Agreement shall prohibit Executive from bringing an action to enforce this
Agreement, or to obtain any rights under Article VIII of the By-laws of
the Company (indemnification).

 

5.             Benefit
and Compensation Plans.  Executive acknowledges and agrees that except
as to benefits and compensation expressly provided for in this agreement, any
rights to receive payments and benefits from various employee benefit and
compensation plans or programs shall be governed by the rules of those
plans or programs as they now exist or are amended in the future, and further,
that entering into this Agreement shall not limit the right of the Company, its
subsidiaries or its or their successors to amend or terminate any such plans or
programs or benefits thereunder. Any amendments or terminations of such plans,
programs or benefits shall apply to Executive as they would to other
participants or recipients of such plans, programs or benefits.

 

6.             Confidential
Information.  Executive acknowledges Executive’s continuing
obligations, including, but not limited to those regarding confidential
information under Executive’s “Employment Agreement” dated August 24,
1983, a copy of which is attached hereto, marked Attachment “B” and
incorporated herein by reference. Executive further agrees that those
obligations do not cease as a result of executing this Agreement. Without
limiting the foregoing, Executive will not use on behalf of himself or any
other person or entity, or disclose to any person or entity, any of the Company’s
proprietary information without the prior written consent of the Senior Vice
President, General Counsel and Secretary of the Company.

 

4

 

Proprietary information means information owned
or used by, or relating to the business or affairs conducted by the Company or
its affiliates at any time during Executive’s employment with the Company. Without
limitation, examples of proprietary information include information concerning
inventions, processes, methods, trade secrets, formulations, raw material
lists, vendor lists, customer lists, employee lists, marketing or strategic
plans, or actual or projected financial results or data. The Company and the Executive
also agree not to take any action or make any statement that would diminish or
in any way disparage the good reputation, good will, and high standing of the other
party.

 

Executive expressly understands that Executive’s
agreement to comply strictly with this provision and the provisions of
Executive’s Employment Agreement regarding the proprietary information
represents a material provision of this Agreement and is indispensable to the
Company’s agreement to enter into this Agreement. Executive further agrees that
any violation or breach of Executive’s commitments and agreement will cause
irreparable damage and injury that could not be fully remedied or compensated
by monetary damages alone or in an action at law. Executive therefore agrees
and hereby stipulates that the Company shall be entitled to receive all
available remedies, including temporary and/or permanent injunctive relief, if
Executive breaches this provision or Executive’s Employment Agreement.

 

7.             Cooperation.
Executive agrees to cooperate with and to assist the Company for a period not
to exceed five (5) years from Executive’s Termination Date, upon
reasonable request and without additional compensation for up to eight hour in
any given month maximum, in any proceeding or investigation involving any
claim, demand, right, or action of any kind, arising out of, in connection
with, or in any manner relevant to Executive’s employment or job duties,
whether brought by a third party against the Company or its subsidiaries,
affiliates, successors or assigns or by it or them against a third party. The
Company shall reimburse Executive for his reasonable travel, lodging, meal
expenses and compensation of $265 per hour for time spent in excess of the
eight hour maximum cited above incurred in connection with providing such
assistance.

 

8.             Settlement of
Disputes.

 

a.     The Company and
Executive hereby consent to the resolution by arbitration of all disputes,
issues, claims or controversies arising out of or in connection with this
Agreement, Executive’s employment with and/or retirement from the Company,
and/or Executive’s services to the Company and the Company may have
against Executive or that Executive may have against the Company, or
against its officers, directors, employees or agents acting in their capacity
as such. Each party’s promise to resolve all such claims, issues, or disputes
by arbitration in accordance with this Agreement rather than through the course
of litigation, is consideration for the other party’s like promise. It is
further agreed that the decision of an arbitrator on any issue, dispute,

 

5

 

claim or controversy submitted for arbitration,
shall be final and binding upon the Company and Executive and that judgment may be
entered on the award of the arbitrator in any court having proper jurisdiction.
The Company will pay for the cost and fees of arbitration.

 

b.     However, thirty
(30) days prior to submittal of any dispute to formal arbitration Executive and
the Company agree to meet to resolve said dispute. If no resolution appears
possible, the dispute will be submitted to formal arbitration after said 30-day
period pursuant to the procedure set forth herein.

 

c.     Except as otherwise provided herein or by
mutual agreement of the parties, any arbitration shall be administrated in
accordance with the then-current Commercial Arbitration Procedures of the
American Arbitration Association (AAA) before a single arbitrator who is a
retired federal or state court judge in the state in which the arbitration is
convened. The arbitration shall be held in Orange County, California, or at any
other location mutually agreed upon by the parties.

 

d.     The parties
shall attempt to agree upon the arbitrator. If the parties cannot agree on the
arbitrator, the AAA shall then provide the names of nine (9) arbitrators
experienced in business employment matters along with their resumes and fee
schedules. Each party may strike all names on the list it deems
unacceptable. If more than one common name remains on the list of all parties,
the parties shall strike names alternately until only one remains. The party
who did not initiate the claim shall strike first. If no common name remains on
the lists of the parties, the AAA shall furnish an additional list until an
arbitrator is selected.

 

e.     The arbitrator
shall interpret this Agreement, and any applicable Company policy or rules and
regulations, any applicable substantive law (and the law of remedies, if
applicable) of the State of California, or applicable federal law. In reaching
his or her decision, the arbitrator shall have no authority to change or modify
any lawful Company policy, rule or regulation, or this Agreement. The
arbitration, and not any federal, state or local court or agency, shall have
exclusive and broad authority to resolve any dispute relating to the
interpretation, applicability, enforceability or formation of this Agreement,
including, but not limited to, any claim that all or any part of this
Agreement is voidable.

 

9.             Severable
Provisions.  If any provision of this Agreement or
application thereof is held invalid, the invalidity shall not affect other
provisions or applications of the Agreement which can be given effect without
the invalid provision or application. To this end, the provisions of this
Agreement are severable.

 

6

 

10.           Indemnification.
 The Company’s director and officer
insurance as well as the indemnification set forth in the Company’s by-laws and
certificate of incorporation will apply to Executive for all appropriate
conduct carried out by Executive in the course and scope of Executive’s
responsibilities while Executive is and was an employee of the Company.

 

11.           Agreement.
 This Agreement represents the sole and
entire agreement between the parties and supersedes all prior agreements,
negotiations, and discussions with respect to the subject matters covered. Any
amendment to this Agreement must be in writing, signed by the parties hereto,
and stating the intent of the parties to amend this Agreement.

 

12.           Law.
 This Agreement shall be construed and interpreted
in accordance with the laws of the State of California.

 

16.           Miscellaneous.

 

a.     All notices and
other communications hereunder shall be in writing and shall be given by hand
delivery to the other party or by registered or certified mail, return receipt
requested, postage prepaid, addressed as follows:

 

If to Executive:              James
T. Glover

{Personal Information Removed}

 

If to the Company:       Attention:  General Counsel

Beckman Coulter, Inc.

4300 N. Harbor Boulevard

Fullerton, CA 92834

 

or to such other address as either party shall have
furnished to the other in writing in accordance herewith. Notice and
communications shall be effective when actually received by the addressee.

 

b.     This Agreement may be executed in
several counterparts, each of which shall be deemed an original, and said
counterparts shall constitute but one and the same instrument.

 

c.     Mr. Robert Hurley, the Company’s Senior
Vice President, Human Resources, or his delegate will be the contact person for
Executive regarding any administrative or implementation questions Executive may have.

 

17.           I,
James T. Glover, understand, acknowledge and represent that:

 

a.     I have
carefully read and understand this Agreement and its final and binding effect;

 

7

 

b.     This Agreement
constitutes a voluntary waiver of any and all rights and claims hereby released
I have against Releasees as of the date of the execution of this Agreement
including, but not limited to, rights or claims arising under the Federal Age
Discrimination in Employment Act of 1967;

 

c.     I have waived
rights or claims pursuant to this Agreement in exchange for consideration, the
value of which exceeds payment of remuneration and other amounts to which I was
already entitled;

 

d.     I was advised
to consult and have had the opportunity to fully discuss the contents and
consequences of this Agreement with an attorney of my choice prior to executing
it;

 

e.     I have a period
of up to twenty-one (21) days to consider the terms of this Agreement. I may revoke
this Agreement at any time during the seven (7) days following the date I
execute this Agreement and this Agreement shall not be effective or enforceable
until such revocation period has expired;

 

f.      I have not
relied on any promise, representation or inducement not expressed in this
Agreement; and

 

g.     I have
voluntarily and knowingly signed this Agreement.

 

 

 

	
   

  	
  /S/ JAMES T. GLOVER

  
	
   

  	
  James T. Glover

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BECKMAN COULTER, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /S/ JAMES R. HURLEY

  
	
   

  	
   

  	
  James R. Hurley

  
	
   

  	
   

  	
  Sr. Vice President, Human

  
	
   

  	
   

  	
  Resources/Communications

  

 

8

 

ATTACHMENT
A

 

WAIVER AND GENERAL RELEASE OF ALL
CLAIMS

 

For
valuable consideration, the receipt and adequacy of which are hereby
acknowledged, I, James T. Glover, on behalf of myself and my heirs, executors,
and administrators, if any, hereby absolutely and forever release and discharge
the Company, any of its past, present or future parent companies, subsidiaries,
affiliates, divisions, successors, assigns, trust fiduciaries, stockholders,
agents, directors, officers, employees, representatives, heirs, attorney, and
all person acting by, through, under or in concert with them, or any of them
(hereinafter collectively known as “Releasees”) of and from any and all manner
of claims, causes of action, or complaints, in law or in equity, or any nature
whatsoever, known or unknown, fixed or contingent (hereinafter called “Claims”),
which I now have or may have against the Releasees, or any of them,
arising out of my employment or separation from the Company, based upon any
fact or event occurring prior to the date I execute this Waiver and General
Release of All Claims (“Waiver and General Release”). If any action is brought by
me or on my behalf relating to any matters released, Releasees shall be
entitled to a return from me the amount equivalent to all payments and benefits
mentioned under Paragraphs 2b and 2c of the Transition and Retirement Agreement
dated March 16, 2006 (“Agreement”). The return of such amounts shall not
extinguish the Agreement or my obligations hereunder. Provided, that any action
to enforce the Transition and Retirement Agreement or to obtain benefits under
Paragraph VIII of the By-laws of Beckman Coulter, Inc. (Indemnification)
shall not constitute a violation of the Transition and Retirement Agreement.

 

Without
limiting the generality of the above paragraph, I also specifically agree to
waive any right to recovery based on local, state or federal age, sex, sexual
orientation, pregnancy, race, color, national origin, marital status, religion,
medical condition, physical disability, or mental disability discrimination
laws, including without limitation, Title VII of the Civil Rights Act of 1964,
the Age Discrimination in Employment Act, the Americans with Disabilities Act,
the Federal Family Medical Leave Act of 1993, the California Family Rights Act
and the Fair Employment and Housing Act, whether such claim or claims may be
based on an action filed by me or by a governmental agency.

 

I
am aware that after the effective date of this Waiver and General Release I may discover
facts different from, or in addition to, those I now know or believe to be true
with respect to the Claims release above and agree that this Waiver and General
Release shall be and remain in effect in all respects as a complete and general
release as to all matters released, notwithstanding any different or additional
facts.

 

It
is my intention in executing the Waiver and General Release that it shall be
effective as a bar to each and every claim of any nature whatsoever hereby
released. In furtherance of this intention, I specifically waive the benefits
of SECTION 1542 OF THE CIVIL CODE OF THE STATE OF CALIFORNIA, which states
the following:

 

A GENERAL RELEASE DOES NOT EXTENT TO CLAIMS WHICH
THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN ITS FAVOR AT THE TIME OF
EXECUTING THIS RELEASE, WHICH IF KNOWN BY HIM

 

9

 

MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH
THE DEBTOR.

 

I
understand, acknowledge and represent that:

 

(a)           I have carefully read and understand this
Waiver and General Release and its final and binding effect;

 

(b)           This Waiver and General Release constitutes a
voluntary waiver of any and all rights and claims that I have against Releasees
as of the date of the execution of this Waiver and General Release including,
but not limited to, rights or claims arising under the Federal Age
Discrimination in Employment Act of 1967;

 

(c)           I have waived rights or claims pursuant to
this Waiver and General Release in exchange for consideration, the value of
which exceeds payment of remuneration and other amounts to which I was already
entitled;

 

(d)           I was advised to consult and have had the
opportunity to fully discuss the contents and consequences of this Waiver and
General Release with an attorney of my choice prior to executing it;

 

(e)           I have had a period of up to twenty-one (21)
days to consider the terms of this Waiver and General Release. I may revoke
this Waiver and General Release at any time during the seven (7) days
following the date I execute this Waiver and General Release and this Waiver
and General Release shall not be effective or enforceable until such revocation
period has expired;

 

(f)            I have not relied on any promise, representation
or inducement not expressed herein or in the Agreement; and

 

(g)           I have voluntarily and knowingly signed this
Waiver and General Release.

 

 

	
  Date:

  	
  March 16, 2006

  	
   

  	
  Signed:

  	
  /s/ JAMES T. GLOVER

  	
   

  
	
   

  	
   

  	
  James T. Glover

  

 

10Exhibit 10.1

Loan Nos.: 20069243010, 20069243011

LOAN
AGREEMENT

Dated
as of July 11, 2006

by
and among

ARCML06
LLC, ARC18TX LP, ARC18FLD LLC, ARC18FLSH LLC,

ARCFLMC LLC and ARCFLSV LLC,

as Borrower,

and

MERRILL
LYNCH MORTGAGE LENDING, INC.

 

 

 

TABLE OF CONTENTS

	
   

  	
   

  	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE I.

  	
   

  	
  CERTAIN DEFINITIONS

  	
   

  	
  1

  
	
  Section 1.1.

  	
   

  	
  Definitions

  	
   

  	
  1

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE II.

  	
   

  	
  GENERAL TERMS

  	
   

  	
  31

  
	
  Section 2.1.

  	
   

  	
  The Loan

  	
   

  	
  31

  
	
  Section 2.2.

  	
   

  	
  Use of Proceeds

  	
   

  	
  31

  
	
  Section 2.3.

  	
   

  	
  Security for the
  Loan

  	
   

  	
  31

  
	
  Section 2.4.

  	
   

  	
  Borrower’s Note

  	
   

  	
  32

  
	
  Section 2.5.

  	
   

  	
  Principal and
  Interest

  	
   

  	
  32

  
	
  Section 2.6.

  	
   

  	
  Voluntary
  Prepayment

  	
   

  	
  35

  
	
  Section 2.7.

  	
   

  	
  Mandatory
  Prepayment; Capital Events; Certain Transfers

  	
   

  	
  37

  
	
  Section 2.8.

  	
   

  	
  Application of
  Payments After Event of Default

  	
   

  	
  38

  
	
  Section 2.9.

  	
   

  	
  Method and Place
  of Payment

  	
   

  	
  38

  
	
  Section 2.10.

  	
   

  	
  Taxes

  	
   

  	
  39

  
	
  Section 2.11.

  	
   

  	
  Release of
  Collateral

  	
   

  	
  41

  
	
  Section 2.12.

  	
   

  	
  Central Cash
  Management

  	
   

  	
  42

  
	
  Section 2.13.

  	
   

  	
  Reserve Accounts

  	
   

  	
  47

  
	
  Section 2.14.

  	
   

  	
  Additional
  Provisions Relating to the Pledged Accounts

  	
   

  	
  51

  
	
  Section 2.15.

  	
   

  	
  Security
  Agreement

  	
   

  	
  51

  
	
  Section 2.16.

  	
   

  	
  Mortgage
  Recording Taxes

  	
   

  	
  54

  
	
  Section 2.17.

  	
   

  	
  Extension Option

  	
   

  	
  54

  
	
  Section 2.18.

  	
   

  	
  Defeasance

  	
   

  	
  55

  
	
  Section 2.19.

  	
   

  	
  Substitution of
  Properties

  	
   

  	
  59

  
	
  Section 2.20.

  	
   

  	
  Release Parcel

  	
   

  	
  63

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE III.

  	
   

  	
  INTENTIONALLY OMITTED

  	
   

  	
  66

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE IV.

  	
   

  	
  REPRESENTATIONS AND WARRANTIES

  	
   

  	
  66

  
	
  Section 4.1.

  	
   

  	
  Representations
  and Warranties as to Borrower

  	
   

  	
  66

  
	
  Section 4.2.

  	
   

  	
  Representations
  and Warranties as to the Mortgaged Property

  	
   

  	
  70

  
	
  Section 4.3.

  	
   

  	
  Survival of Representations

  	
   

  	
  74

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE V.

  	
   

  	
  AFFIRMATIVE COVENANTS

  	
   

  	
  75

  
	
  Section 5.1.

  	
   

  	
  Affirmative
  Covenants

  	
   

  	
  75

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE VI.

  	
   

  	
  NEGATIVE COVENANTS

  	
   

  	
  106

  
	
  Section 6.1.

  	
   

  	
  Negative
  Covenants

  	
   

  	
  106

  

 

 i
 

 

 

	
  ARTICLE VII.

  	
   

  	
  EVENT OF DEFAULT

  	
   

  	
  108

  
	
  Section 7.1.

  	
   

  	
  Event of Default

  	
   

  	
  108

  
	
  Section 7.2.

  	
   

  	
  Remedies

  	
   

  	
  110

  
	
  Section 7.3.

  	
   

  	
  Remedies
  Cumulative

  	
   

  	
  111

  
	
  Section 7.4.

  	
   

  	
  Intentionally
  omitted

  	
   

  	
  111

  
	
  Section 7.5.

  	
   

  	
  Curative
  Advances

  	
   

  	
  111

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE VIII.

  	
   

  	
  SINGLE-PURPOSE, BANKRUPTCY-REMOTE REPRESENTATIONS,
  WARRANTIES AND COVENANTS

  	
   

  	
  112

  
	
  Section 8.1.

  	
   

  	
  Applicable to
  Borrower

  	
   

  	
  112

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE IX.

  	
   

  	
  MISCELLANEOUS

  	
   

  	
  117

  
	
  Section 9.1.

  	
   

  	
  Survival

  	
   

  	
  117

  
	
  Section 9.2.

  	
   

  	
  Lender’s
  Discretion

  	
   

  	
  117

  
	
  Section 9.3.

  	
   

  	
  Governing Law

  	
   

  	
  118

  
	
  Section 9.4.

  	
   

  	
  Modification,
  Waiver in Writing

  	
   

  	
  118

  
	
  Section 9.5.

  	
   

  	
  Delay Not a
  Waiver

  	
   

  	
  119

  
	
  Section 9.6.

  	
   

  	
  Notices

  	
   

  	
  119

  
	
  Section 9.7.

  	
   

  	
  TRIAL BY JURY

  	
   

  	
  119

  
	
  Section 9.8.

  	
   

  	
  Headings

  	
   

  	
  119

  
	
  Section 9.9.

  	
   

  	
  Assignment

  	
   

  	
  120

  
	
  Section 9.10.

  	
   

  	
  Severability

  	
   

  	
  120

  
	
  Section 9.11.

  	
   

  	
  Preferences

  	
   

  	
  121

  
	
  Section 9.12.

  	
   

  	
  Waiver of Notice

  	
   

  	
  121

  
	
  Section 9.13.

  	
   

  	
  Failure to
  Consent

  	
   

  	
  121

  
	
  Section 9.14.

  	
   

  	
  Schedules
  Incorporated

  	
   

  	
  121

  
	
  Section 9.15.

  	
   

  	
  Offsets,
  Counterclaims and Defenses

  	
   

  	
  121

  
	
  Section 9.16.

  	
   

  	
  No Joint Venture
  or Partnership

  	
   

  	
  121

  
	
  Section 9.17.

  	
   

  	
  Waiver of
  Marshalling of Assets Defense

  	
   

  	
  122

  
	
  Section 9.18.

  	
   

  	
  Waiver of
  Counterclaim

  	
   

  	
  122

  
	
  Section 9.19.

  	
   

  	
  Conflict;
  Construction of Documents

  	
   

  	
  122

  
	
  Section 9.20.

  	
   

  	
  Brokers and
  Financial Advisors

  	
   

  	
  122

  
	
  Section 9.21.

  	
   

  	
  Counterparts

  	
   

  	
  122

  
	
  Section 9.22.

  	
   

  	
  Estoppel
  Certificates

  	
   

  	
  122

  
	
  Section 9.23.

  	
   

  	
  Payment of Expenses

  	
   

  	
  123

  
	
  Section 9.24.

  	
   

  	
  Non-Recourse

  	
   

  	
  123

  

 

 ii
 

 

 

	
  SCHEDULES

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule 1

  	
   

  	
  Environment Work Reserved for in the Environmental
  Reserve Account

  	
   

  	
  S1-1

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule 2

  	
   

  	
  Allocated Loan Amounts

  	
   

  	
  S2-1

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule 3

  	
   

  	
  Homesites as of the Closing Date

  	
   

  	
  S3-1

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule 4

  	
   

  	
  Exceptions to Representations and Warranties

  	
   

  	
  S4-1

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule 5

  	
   

  	
  Addresses for Notices

  	
   

  	
  S5-1

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule 6

  	
   

  	
  [Intentionally Omitted]

  	
   

  	
  S6-1

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule 7

  	
   

  	
  Organizational Chart

  	
   

  	
  S7-1

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule 8

  	
   

  	
  Form of Quarterly Statement

  	
   

  	
  S8-1

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule 9

  	
   

  	
  Form of Monthly Statement

  	
   

  	
  S9-1

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule 10

  	
   

  	
  Form of Standard Lease as of the Closing Date

  	
   

  	
  S10-1

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule 11

  	
   

  	
  Oil and Gas Lease Properties

  	
   

  	
  S11-1

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule 12

  	
   

  	
  Specified Expansion Parcels

  	
   

  	
  S12-1

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule 13

  	
   

  	
  Manager Homes

  	
   

  	
  S13-1

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Exhibit A

  	
   

  	
  Land

  	
   

  	
  A-1

  

 

 iii

 

LOAN AGREEMENT

THIS LOAN
AGREEMENT, made as of July 11, 2006, is by and among ARCML06 LLC, ARC18FLD
LLC, ARC18FLSH LLC, ARCFLMC LLC and ARCFLSV LLC, each a Delaware limited
liability company, and ARC18TX LP, a Delaware limited partnership, on a joint
and several basis, each having an address at 7887 East Belleview Avenue, Suite 200,
Englewood, Colorado 80111 (collectively, “Borrower”) and MERRILL LYNCH
MORTGAGE LENDING, INC., a Delaware corporation, having an address at Four World
Financial Center, 16th Floor, 250 Vesey
Street, New York, New York 10080 (together with its successors and assigns,
whether one or more, “Lender”).

RECITALS

WHEREAS,
Borrower desires to obtain from Lender the Loan in an amount equal to the Loan
Amount (each as hereinafter defined) to refinance existing debt on the
Mortgaged Property (as hereinafter defined) and to pay certain other fees and
expenses;

WHEREAS,
Lender is unwilling to make the Loan unless Borrower executes and delivers this
Agreement, the Note and the Loan Documents (each as hereinafter defined) to
which it is a party which shall establish the terms and conditions of, and
provide security for, the Loan; and

WHEREAS,
Borrower has agreed to establish certain accounts and to grant to Lender, a
security interest therein upon the terms and conditions of the security
agreement set forth in Section 2.15.

NOW,
THEREFORE, in consideration of the making of the Loan by Lender and for other
good and valuable consideration, the mutual receipt and legal sufficiency of
which are hereby acknowledged, the parties hereby covenant, agree, represent
and warrant as follows:

ARTICLE
I.

CERTAIN DEFINITIONS

Section 1.1.            Definitions. For all purposes of this
Agreement:  (1) the capitalized
terms defined in this Article 1 have the meanings assigned to them
in this Article 1 and include the plural as well as the singular; (2) all
accounting terms have the meanings assigned to them in accordance with GAAP (as
hereinafter defined); (3) the words “herein”, “hereof”, and “hereunder”
and other words of similar import refer to this Agreement as a whole and not to
any particular Article, Section, or other subdivision; and (4) the
following terms have the following meanings:

“Account
Collateral” has the meaning set forth in Section 2.15(a) hereof.

“Accounts”
means all accounts (as defined in the relevant UCC), now owned or hereafter
acquired by Borrower, and arising out of or in connection with, the operation
of the Mortgaged Property and all other accounts described in the Management
Agreement and all 

 

 

present and
future accounts receivable, inventory accounts, chattel paper, notes, insurance
policies, Instruments, Documents or other rights to payment and all forms of
obligations owing at any time to Borrower thereunder, whether now existing or
hereafter created or otherwise acquired by or on behalf of Borrower, and all
Proceeds thereof and all liens, security interests, guaranties, remedies,
privileges and other rights pertaining thereto, and all rights and remedies of
any kind forming the subject matter of any of the foregoing.

“Affiliate”
of any specified Person means any other Person (i) controlling or
controlled by or under common control with such specified Person; (ii) directly
or indirectly owning or holding twenty-five percent (25%) or more of any equity
interest in the first Person; or (iii) twenty-five percent (25%) or more
of whose equity interests are directly or indirectly owned or held by the first
Person. For the purposes of this definition, “control” when used with respect
to any specified Person means the power to direct the management and policies
of such Person, directly or indirectly, whether through the ownership of voting
securities or other beneficial interests, by contract or otherwise; and the
terms “controlling” and “controlled” have the meanings correlative to the
foregoing.

“Agreement”
means this Loan Agreement, together with the Schedules and Exhibits hereto, as
the same may from time to time hereafter be modified, supplemented or amended.

“Allocated
Loan Amount” means the portion of the Loan Amount allocated to each
individual Mortgaged Property, as set forth for each individual Mortgaged
Property on Schedule 2 attached hereto and as such amounts may be
adjusted pursuant to Section 2.6(e) or Section 2.18(f).

“Appraisal”
means each appraisal with respect to an individual Mortgaged Property prepared
by an Appraiser in accordance with the Uniform Standards of Professional
Appraisal Practice of the Appraisal Foundation, in compliance with the
requirements of Title 11 of the Financial Institution Reform, Recovery and
Enforcement Act and utilizing customary valuation methods such as the income,
sales/market or cost approaches.

“Appraiser”
means a nationally recognized MAI appraiser selected by Borrower and reasonably
approved by Lender.

“Approved
Capital Expenditures” has the meaning set forth in Section 2.13(a)(iii) hereof.

“Assignment
of Rents and Leases” means, with respect to the Mortgaged Property, an
Assignment of Rents and Leases (and, if there are more than one, each and every
one of them), dated as of the Closing Date, granted by Borrower to Lender with
respect to the Leases, as same may thereafter from time to time be
supplemented, amended, modified or extended.

“Assumed
Loan Debt Service” means the annual debt service on the Loan calculated (i) with
respect to the Fixed Rate Note, using the computed debt service during the
prior 12-month period and assuming (a) amortization payments had
been required on a 30-year amortization schedule during such period and (b) that
the Fixed Rate Note had been outstanding 

 2
 

 

 

during such
period with an outstanding principal balance equal to same at the time of
calculation and (ii) with respect to the Floating Rate Note, using an
assumed interest rate of 7.30% over the prior 12-month period and assuming
(a) amortization payments had been required on a 30-year
amortization schedule and (b) that the Floating Rate Note had been
outstanding during such period with an outstanding principal balance equal to
same at the time of calculation.

“Basic
Carrying Costs” means the following costs with respect to the Mortgaged
Property:  (i) Impositions and (ii) insurance
premiums for policies of insurance required to be maintained by Borrower
pursuant to this Agreement or the other Loan Documents.

“Borrower”
has the meaning provided in the first paragraph of this Agreement.

“Borrower
Release Price Contribution” means, with respect to a Capital Event of an
individual Mortgaged Property, the amount required to be deposited into the
Collection Account if the Release Price for such individual Mortgaged Property
shall be greater than the Capital Event Proceeds received in connection with
such Capital Event, which amount shall be equal to the difference between such
Release Price and such Capital Event Proceeds.

“Business
Day” means any day other than a Saturday, a Sunday or a day on which
commercial banks in the State of New York are authorized or obligated by law,
governmental decree or executive order to be closed. When used with respect to
an Interest Determination Date, “Business Day” shall mean any day other
than a Saturday, a Sunday or a day on which banks in London, England are closed
for interbank or foreign exchange transactions.

“Capital
Event” means any sale to an Independent, bona-fide third party on an arm’s
length basis of an entire individual Mortgaged Property or transfer to an
Affiliate in connection with a refinancing of an entire individual Mortgaged
Property and “Capital Events” 
shall have a meaning correlative to the foregoing, provided, that the
granting of an easement that benefits any Mortgaged Property shall not
constitute a Capital Event for purposes of this Agreement.

“Capital
Event Proceeds” means any cash proceeds of a Capital Event received by
Borrower net of any cash prorations, adjustments and credits with respect to
such Capital Event and net of reasonable third-party expenses paid in
connection with such Capital Event.

“Capital
Improvement Costs” means costs incurred or to be incurred in connection
with replacements and capital repairs made to the Mortgaged Property which
would be capitalized in accordance with GAAP.

“CERCLA”
has the meaning set forth in Section 5.1(d)(i) hereof.

“Chattel
Paper” means all of Borrower’s right, title and interest, whether now owned
or hereafter acquired, in, to and under all “chattel paper” as defined in the
UCC (whether tangible chattel paper or electronic chattel paper).

“Closing
Date” means the date of the funding of the Loan.

 3
 

 

 

“Code”
means the Internal Revenue Code of 1986, as amended, and as it may be further
amended from time to time, any successor statutes thereto, and applicable U.S.
Department of Treasury regulations issued pursuant thereto in temporary or
final form.

“Collateral”
means, collectively, the Land, Improvements, Leases, Rents, Personalty, and all
Proceeds, and (to the full extent assignable) Permits, which is or hereafter
may become subject to a Lien in favor of Lender as security for the Loan
(whether pursuant to the Mortgages, any other Loan Document or otherwise), all
whether now owned or hereafter acquired by Borrower and all other property
which is or hereafter may become subject to a Lien in favor Lender as security
for the Loan and including all property of any kind described as part of the
Mortgaged Property under any of the Mortgages.

“Collateral
Assignment of Hedge” means the Collateral Assignment of Hedge, dated as of
the applicable date and executed by Borrower, Lender and the hedge
counterparty.

“Collateral
Security Instrument” means any right, document or instrument, other than
the Mortgages, given as security for the Loan, including, without limitation,
the Collateral Assignment of Hedge and the Contract Assignment.

“Collection
Account” has the meaning set forth in Section 2.12(a) hereof.

“Collection
Account Agreement” means the Collection Account Agreement, dated as of the
applicable date and executed by Borrower, Lender and the Collection Account
Bank, relating to the Collection Account and the Reserve Accounts and any other
accounts maintained with the Collection Account Bank.

“Collection
Account Bank” means Wachovia Bank, National Association, or any successor
financial institution appointed by Lender.

“Condemnation
Proceeds” means, in the event of a Taking with respect to the Mortgaged
Property, the proceeds in respect of such Taking less any reasonable third
party out-of-pocket expenses incurred in prosecuting the claim for and
otherwise collecting such proceeds.

“Contest”
has the meaning set forth in Section 9.24(D)(1) hereof.

“Contingent
Obligation” means, as used in the definition of Other Borrowings, without
duplication, any obligation of Borrower guaranteeing any indebtedness, leases,
dividends or other obligations (“primary obligations”) of any other
Person (the “primary obligor”) in any manner, whether directly or
indirectly. Without limiting the generality of the foregoing, the term “Contingent
Obligation” shall include any obligation of Borrower:

(i)            to purchase any such primary obligation or any property
constituting direct or indirect security therefor;

(ii)           to advance or supply funds (x) for the purchase or
payment of any such primary obligation or (y) to maintain working capital
or equity capital of the primary obligor;

 4
 

 

 

(iii)          to purchase property, securities or services primarily for
the purpose of assuring the owner of any such primary obligation of the ability
of the primary obligor to make payment of such primary obligation; or

(iv)          otherwise to assure or hold harmless the holder of such
primary obligation against loss in respect thereof.

The amount of any Contingent Obligation shall
be deemed to be an amount equal to the stated or determinable amount of the
primary obligation in respect of which such Contingent Obligation is made or,
if not stated or determinable, the maximum reasonably anticipated liability in
respect thereof (assuming Borrower is required to perform thereunder) as
determined by Lender in good faith.

“Contract
Assignment” means, with respect to the Mortgaged Property, the Assignment
of Contracts, Licenses, Permits, Agreements, Warranties and Approvals, dated as
of the Closing Date and executed by Borrower.

“Contracts”
means the Management Agreement and all other agreements to which Borrower is a
party or which are assigned to Borrower by the Manager in the Management
Agreement and which are executed in connection with the construction, operation
and management of the Mortgaged Property (including, without limitation,
agreements for the sale, lease or exchange of goods or other property and/or
the performance of services by it, in each case whether now in existence or
hereafter arising or acquired) as any such agreements have been or may be from
time to time amended, supplemented or otherwise modified.

“Contribution
Agreement” means that certain Contribution Agreement made by Borrower for
the benefit of Lender, dated as of the Closing Date, as same may thereafter
from time to time be supplemented, amended, modified or extended by one or more
agreements supplemental thereto.

“Debt
Service Coverage Ratio” means, as of any date of calculation with respect to
the Mortgaged Property, the quotient expressed to two decimal places of the
Underwritten Net Cash Flow divided by the aggregate Assumed Loan Debt Service.

“Debt
Service Coverage Test” means as of any date of calculation with respect to
a Capital Event, Substitution, partial defeasance or other event, a test which
shall be satisfied if the Debt Service Coverage Ratio for the Mortgaged
Properties that remain (or with respect to a Substitution, are collateral for
the Loan) after such Capital Event, Substitution, partial defeasance or other
event equals or exceeds the greater of (i) the Debt Service Coverage Ratio
on the Closing Date of 1.31 and (ii) the lesser of (A) the Debt
Service Coverage Ratio immediately prior to the applicable Capital Event,
Substitution, partial defeasance or other event and (B) 1.60.

“Deed of
Trust Trustee” means the trustee under any Mortgage that constitutes a “deed
of trust” under applicable law.

“Default”
means the occurrence of any event which, but for the giving of notice or the
passage of time, or both, would be an Event of Default.

 5
 

 

 

“Default
Rate” means the per annum interest rate equal to the lesser of (a) 5.0%
per annum in excess of the rate otherwise applicable hereunder and (b) the
maximum rate allowable by applicable law.

“Defeasance”
means any of a Total Defeasance or a Partial Defeasance.

“Defeasance
Collateral” shall mean the Partial Defeasance Collateral or Total
Defeasance Collateral, as applicable.

“Defeasance
Collateral Account” has the meaning set forth in Section 2.18.

“Defeasance
Date” has the meaning set forth in Section 2.18.

“Defeasance
Note” has the meaning set forth in Section 2.18.

“Deposit
Account” means all of Borrower’s right, title and interest, whether now
owned or hereafter acquired, in, to and under all “deposit accounts” as defined
in the UCC.

“Disclosure Certificate” has the meaning set forth in Section 5.1(w) hereof.

“Disclosure Documents” has the meaning set forth in Section 5.1(w) hereof.

“Documents”
means all of Borrower’s right, title and interest, whether now owned or
hereafter acquired, in, to and under all “documents” as defined in the UCC
(whether negotiable or non-negotiable) or other receipts covering, evidencing
or representing goods.

“EO13224”
has the meaning set forth in Section 4.1(v) hereof.

“Eligible
Account” means a separate and identifiable account from all other funds
held by the holding institution, which account is either (i) an account
maintained with a federal or state chartered depository institution or trust
company that (A) satisfies the Rating Criteria and (B) insures the
deposits made to such account through the Federal Deposit Insurance
Corporation, or (ii) a segregated trust account maintained with the
corporate trust department of a federal or state chartered depository institution
or trust company subject to regulations regarding fiduciary funds on deposit
similar to Title 12 of the Code of Federal Regulations Section 9.10(b) which,
in either case, has corporate trust powers, acting in its fiduciary capacity
and in either case having combined capital and surplus of at least $100,000,000
or otherwise acceptable to the Rating Agencies. An Eligible Account shall not
be evidenced by a certificate of deposit, passbook, other instrument or any
other physical indicia of ownership. Following a downgrade below the Rating
Criteria, withdrawal, qualification or suspension of such institution’s rating,
each account must at Lender’s request promptly (and in any case within not more
than thirty (30) calendar days) be moved to a qualifying institution or to one
or more segregated trust accounts in the trust department of such institution,
if permitted.

“Engineer”
means an Independent Engineer selected by Borrower and reasonably approved by
Lender.

 6
 

 

 

“Environmental
Auditor” means an Independent environmental auditor selected by Borrower
and reasonably approved by Lender.

“Environmental
Claim” means any notice, notification, request for information, claim,
administrative, regulatory or judicial action, suit, judgment, demand or other
written communication (whether written or oral) by any Person or Governmental
Authority alleging or asserting liability with respect to Borrower or any
Mortgaged Property (whether for damages, contribution, indemnification, cost
recovery, compensation, injunctive relief, investigatory, response, remedial or
cleanup costs, damages to natural resources, personal injuries, fines or
penalties) arising out of, based on or resulting from (i) the presence,
Use or Release into the environment of any Hazardous Substance at any location
(whether or not owned, managed or operated by Borrower) that affects Borrower
or any Mortgaged Property, (ii) any fact, circumstance, condition or
occurrence forming the basis of any violation, or alleged violation, of any
Environmental Law or (iii) any alleged injury or threat of injury to human
health, safety or the environment.

“Environmental
Indemnity Agreement” means the Environmental Indemnity Agreement dated as
of the Closing Date, from Borrower and the Guarantor, collectively, as indemnitor,
to Lender, as indemnitee, as the same may be amended, modified or supplemented
from time to time.

“Environmental
Laws” means any and all present and future federal, state or local laws,
statutes, ordinances, rules or regulations, or any judicial interpretation
thereof, any judicial or administrative orders, decrees or judgments thereunder
issued by a Governmental Authority, and any permits, approvals, licenses,
registrations, filings and authorizations, in each case as now or hereafter in
effect, relating to the environment, human health or safety, or the Release or
threatened Release of Hazardous Substances or otherwise relating to the Use of
Hazardous Substances.

“Environmental
Reports” means each and every “Phase I Environmental Site Assessment” (and,
if applicable, “Phase II Environment Site Assessment”) as referred to in the
ASTM Standards on Environmental Site Assessments for Commercial Real Estate, E
1527-2000 and an asbestos survey, with respect to each Mortgaged
Property, prepared by one or more Environmental Auditors and delivered to
Lender and any amendments or supplements thereto delivered to Lender.

“Environmental
Reserve Account” has the meaning set forth in Section 2.13(a).

“Equipment”
means all of Borrower’s right, title and interest, whether now owned or
hereafter acquired, in, to and under (i) all “equipment” as defined in the
UCC, and (ii) all of the following (regardless of how classified under the
UCC):  all building materials,
construction materials, personal property constituting furniture, fittings,
appliances, apparatus, leasehold improvements, machinery, devices, interior
improvements, appurtenances, equipment, plant, furnishings, fixtures,
computers, electronic data processing equipment, telecommunications equipment
and other fixed assets now owned or hereafter acquired by Borrower, and all
Proceeds of (i) and (ii) as well as all additions to, substitutions
for, replacements of or accessions to any of the items recited as aforesaid and
all attachments, components, parts (including spare parts) and 

 7
 

 

 

accessories,
whether installed thereon or affixed thereto, all regardless of whether the
same are located on any Mortgaged Property or are located elsewhere (including,
without limitation, in warehouses or other storage facilities or in the
possession of or on the premises of a bailee, vendor or manufacturer) for
purposes of manufacture, storage, fabrication or transportation and all
extensions and replacements to, and proceeds of, any of the foregoing.

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended from time
to time, and the regulations promulgated thereunder. Section references to
ERISA are to ERISA, as in effect at the date of this Agreement and, as of the
relevant date, any subsequent provisions of ERISA, amendatory thereof,
supplemental thereto or substituted therefor.

“ERISA
Affiliate” means any corporation or trade or business that is a member of
any group of organizations (i) described in Section 414(b) or (c) of
the Code of which Borrower is a member and (ii) solely for purposes of
potential liability under Section 302(c)(11) of ERISA and Section 412(c)(11)
of the Code and the lien created under Section 302(f) of ERISA and Section 412(n) of
the Code, described in Section 414(m) or (o) of the Code of which
Borrower is a member.

“Event of
Default” has the meaning set forth in Section 7.1 hereof.

“Extension
Conditions,” “Extension Notice,” and “Extension Option” have
the respective meanings set forth in Section 2.17(a) hereof.

“Final
Floating Rate Maturity Date” has the meaning set forth in Section 2.17(a) hereof.

“First
Floating Rate Extended Maturity Date” has the meaning set forth in Section 2.17(a) hereof.

“First Open
Defeasance Date” shall mean the later of (i) the date when the
Floating Rate Component of the Principal Indebtedness has been reduced to $0
and (ii) the earlier of (A) the date that is two (2) years from
the “start up day” (within the meaning of Section 860G(a)(9) of the
Code) of the real estate mortgage investment conduit trust established in
connection with the final Securitization involving the Loan (including the
Securitization of each and every Note) and (B) three (3) years from
the date hereof.

“Fiscal
Year” means the 12-month period ending on December 31st of each
year (or, in the case of the first fiscal year, such shorter period from the
Closing Date through such date) or such other fiscal year of Borrower as
Borrower may select from time to time with the prior consent of Lender.

“Fitch”
means Fitch, Inc. and its successors.

“Fixed
Interest Rate” means (i) with respect to the Fixed Rate Note A, 6.239%
and (ii) with respect to Fixed Rate Note B, 6.239%. The blended aggregate
rate on the Fixed Rate Component of the Loan on the Closing Date is 6.239%.

 8
 

 

 

“Fixed Rate
Component” means the portion of the Loan evidenced by or relating to the
Fixed Rate Note.

“Fixed Rate
Loan Amount” means an amount equal to $170,000,000.

“Fixed Rate
Maturity Date” means the Payment Date occurring in August, 2016.

“Fixed Rate
Note” means, individually and collectively, Fixed Rate Note A and Fixed
Rate Note B.

“Fixed Rate
Note A” means that certain Promissory Note A (Fixed Rate) dated the date
hereof made by Borrower to Lender pursuant to this Agreement, as such note may
be modified, amended, supplemented, restated or extended, and any replacement
note or notes thereof.

“Fixed Rate
Note B” means that certain Promissory Note B (Fixed Rate) dated the date
hereof made by Borrower to Lender pursuant to this Agreement, as such note may
be modified, amended, supplemented, restated or extended, and any replacement
note or notes thereof.

“Floating
Rate Component” means the portion of the Loan evidenced by or relating to
the Floating Rate Note.

“Floating
Rate Loan Amount” means an amount equal to $60,000,000.

“Floating
Rate Maturity Date” means the Original Floating Rate Maturity Date, or if
Borrower exercises the Extension Option pursuant to Section 2.17, the
First Extended Floating Rate Maturity Date or the Final Floating Rate Maturity
Date, as applicable.

“Floating
Rate Note” means that certain Promissory Note (Floating Rate) dated the
date hereof made by Borrower to Lender pursuant to this Agreement, as such note
may be modified, amended, supplemented or extended, and any replacement note or
notes therefor.

“Foreign
Lender” has the meaning set forth in Section 2.10(b) hereof.

“Fund”
has the meaning set forth in the definition of “Permitted Investments”.

“Funding
Losses” has the meaning set forth in Section 2.5(e) hereof.

“Funding
Party” means any bank or other entity, if any, which is indirectly or
directly funding Lender with respect to the Loan, in whole or in part,
including, without limitation, any direct assignee of the Loan (but excluding
any investors in any securities issued in connection with a Secondary Market Transaction
with respect to the Loan).

“GAAP”
means generally accepted accounting principles in the United States of America
as of the date of the applicable financial report, consistently applied.

 9
 

 

 

“General
Intangibles” means all of Borrower’s right, title and interest, whether now
owned or hereafter acquired, in, to and under (i) all “general intangibles”
as defined in the relevant UCC, now owned or hereafter acquired by Borrower and
(ii) all of the following (regardless of how characterized):  all agreements, covenants, restrictions or
encumbrances affecting the Mortgaged Property or any part thereof.

“General
Partner” means, with respect to the entity comprising the Borrower that is
a Delaware limited partnership, ARC 18TXGP LLC, a Delaware limited liability
company.

“Governmental
Authority” means any nation or government, any state, county, municipality
or other political subdivision thereof or any governmental body, agency,
authority, department or commission (including, without limitation, any taxing
authority) or any instrumentality or officer of any of the foregoing
(including, without limitation, any court or tribunal) exercising executive,
legislative, judicial, regulatory or administrative functions of or pertaining
to government and any corporation, partnership or other entity directly or
indirectly owned or controlled by the foregoing.

“Gross
Revenue” means, for any period, the total dollar amount of all income and
receipts received by, or for the account of, Borrower in the ordinary course of
business with respect to the Mortgaged Property, but excluding Loss Proceeds
(other than the proceeds of business interruption insurance or the proceeds of
a temporary Taking in lieu of Rents which shall be included in Gross Revenue).

“Guarantor”
means Affordable Residential Communities LP, a Delaware limited partnership.

“Guaranty
of Nonrecourse Obligations” means, with respect to the Loan, the Guaranty
of Nonrecourse Obligations guaranteeing the exceptions to the nonrecourse
provisions of the Loan Documents for which liability is retained as described
in Section 9.24 hereof from the Guarantor to Lender.

“Hazardous
Substance” means, collectively, (i) any petroleum or petroleum
products or waste oils, explosives, radioactive materials, asbestos, urea
formaldehyde foam insulation, polychlorinated biphenyls (“PCBs”), lead
in drinking water, lead-based paint and radon, (ii) any chemicals or other
materials or substances which are now or hereafter become defined as or
included in the definitions of “hazardous substances”, “hazardous wastes”, “hazardous
materials”, “extremely hazardous wastes”, “restricted hazardous wastes”, “toxic
substances”, “toxic pollutants”, “contaminants”, “pollutants” or words of
similar import under any Environmental Law and (iii) any other chemical or
any other hazardous material or substance, exposure to which is now or
hereafter prohibited, limited or regulated under any Environmental Law.

“Homesites” means, with respect to each Mortgaged Property, the
manufactured housing sites located thereon which are capable of being leased to
a Person to accommodate a manufactured or mobile home, the number of each of
which is set forth on Schedule 3 attached hereto, as such number may be
updated from time to time with the mutual written agreement of Lender by
Borrower, provided, however, that if such update is an increase in the number
of 

 10
 

 

 

homesites, or
is a decrease which satisfies the Homesite Decrease Conditions (as defined
below) Lender’s consent shall not be required. Such schedule shall include a
breakdown of manufactured housing sites that are capable of accommodating
single and double wide manufactured homes, to the extent such information is
reasonably available to the Borrower.

“Homesite Decrease Conditions” means (in the aggregate with
respect to any individual Mortgaged Property during the term of the Loan) (i) (a) if
the individual Mortgaged Property has one hundred (100) or fewer Homesites, the
number of Homesites is being decreased by one (1), and (b) if the
individual Mortgaged Property has more than one hundred (100) Homesites, the
number of Homesites is being decreased by no more than two percent (2%), and (ii) after
giving effect to the decrease in the number of Homesites the occupancy level at
the Mortgaged Property shall not exceed ninety-five percent (95%).

“Impositions”
means all taxes (including, without limitation, all real estate, ad valorem,
sales (including those imposed on lease rentals), use, single business, gross
receipts, value added, intangible transaction privilege, privilege or license
or similar taxes), assessments (including, without limitation, all assessments
for public improvements or benefits, whether or not commenced or completed
within the term of the Loan), ground rents, water, sewer or other rents and
charges, excises, levies, governmental fees (including, without limitation,
license, permit, inspection, authorization and similar fees), and all other
governmental charges, in each case whether general or special, ordinary or
extraordinary, foreseen or unforeseen, in respect of each Mortgaged Property
(including all interest and penalties thereon), accruing during or in respect
of the term hereof and which may be assessed against or imposed on or in
respect of or be a Lien upon (1) Borrower (including, without limitation,
all income, franchise, single business or other taxes imposed on Borrower for
the privilege of doing business in the jurisdiction in which each Mortgaged
Property, or any other collateral delivered or pledged to Lender in connection
with the Loan, is located) or Lender, or (2) any Mortgaged Property, or
any other collateral delivered or pledged to Lender in connection with the
Loan, or any part thereof or any Rents therefrom or any estate, right, title or
interest therein, or (3) any occupancy, operation, use or possession of,
or sales from, or activity conducted on, or in connection with any Mortgaged
Property or the leasing or use of any Mortgaged Property or any part thereof,
or the acquisition or financing of the acquisition of any Mortgaged Property by
Borrower.

“Improvements”
means all buildings, structures, fixtures and improvements now or hereafter
owned by Borrower of every nature whatsoever situated on any Land constituting
part of the Mortgaged Property (including, without limitation, all gas and
electric fixtures, radiators, heaters, engines and machinery, boilers, ranges,
elevators and motors, plumbing and heating fixtures, carpeting and other floor
coverings, water heaters, awnings and storm sashes, and cleaning apparatus
which are or shall be affixed to the Land or said buildings, structures or
improvements and including any additions, enlargements, extensions,
modifications, repairs or replacements thereto).

“Indebtedness”
means the Principal Indebtedness, together with all other obligations and
liabilities due or to become due to Lender pursuant hereto, under the Note or
in accordance with any of the other Loan Documents, and all other amounts, sums
and expenses paid by or payable to Lender hereunder or pursuant to the Note or
any of the other Loan Documents.

 11
 

 

 

“Indemnified
Parties” has the meaning set forth in Section 5.1(i).

“Independent”
means, when used with respect to any Person, a Person that (i) does not
have any direct financial interest or any material indirect financial interest
in Borrower or in any Affiliate of Borrower, (ii) is not connected with
Borrower or any Affiliate of Borrower as an officer, employee, trustee,
partner, director or person performing similar functions, and (iii) is not
a member of the immediate family of any Person described in clauses (i) or
(ii).

“Independent
Manager” has the meaning set forth in Section 8.1(ee).

“Index
Maturity” has the meaning set forth in the definition of LIBOR.

“Instruments”
means all of Borrower’s right, title and interest, whether now owned or
hereafter acquired, in, to and under all “instruments” as defined in the UCC.

“Insurance
Escrow Account” has the meaning set forth in Section 2.13(b).

“Insurance Premiums” has the meaning set forth in Section 5.1(x)(iii).

“Insurance
Proceeds” means, in the event of a casualty with respect to the Mortgaged
Property, the proceeds received under any insurance policy applicable thereto.

“Insurance
Requirements” means all material terms of any insurance policy required
pursuant to this Agreement or any of the Mortgages and all material
regulations, rules and other requirements of the National Board of Fire
Underwriters or such other body exercising similar functions applicable to or
affecting the Mortgaged Property or any part thereof or any use or condition
thereof.

“Insured Casualty” has the meaning set forth in Section 5.1(x)(iv)(B).

“Intellectual
Property” means all of Borrower’s right, title and interest, whether now
owned or hereafter acquired, in, to and under the trademark licenses, trademarks,
rights in intellectual property, trade names, service marks and copyrights,
copyright licenses, patents, patent licenses or the license to use intellectual
property such as computer software owned or licensed by Borrower or other
proprietary business information relating to Borrower’s policies, procedures,
manuals and trade secrets.

“Interest
Accrual Period” means, in connection with the calculation of interest
accrued with respect to any Payment Date (without taking into account any
change to a Payment Date as a result of it not occurring on a Business Day), (i) with
respect to the Fixed Rate Component, the period commencing on and including the
first (1st)
day in the month immediately prior to such Payment Date through and including
the last day of such calendar month; provided, that the first Interest
Accrual Period for the Fixed Rate Component of the Loan shall commence on August 1,
2006, and (ii) in respect of the Floating Rate Component, the period
commencing on the fifteenth (15th)
of the month immediately prior to such Payment Date through and including the
fourteenth (14th) day
of the month in which such Payment Date occurs; provided that the first
Interest Accrual Period for the Floating Rate Component of the Loan shall
commence on August 15, 2006.

 12
 

 

 

“Interest
Determination Date” means, with respect to the Floating Rate Component of
the Loan in connection with the calculation of interest to accrue for any
Interest Accrual Period, the second Business Day preceding the first (1st) day of such Interest Accrual
Period, provided that the Interest Determination Date with respect to the
payment on the Closing Date shall be a date on or prior to the Closing Date
mutually agreed by Borrower and Lender.

“Interested
Parties” has the meaning set forth in Section 5.1(w) hereof.

“Inventory”
means all of Borrower’s right, title and interest, whether now owned or
hereafter acquired, in, to and under all “inventory” as defined in the UCC and
shall include all Documents representing the same.

“Investment
Property” means all of Borrower’s right, title and interest, whether now
owned or hereafter acquired, in, to and under all “investment property” as
defined in the UCC.

“IRS”
has the meaning provided in Section 2.10(b) hereof.

“Land”
means the parcels of real estate described on Exhibit A attached to
the Mortgages and made a part hereof.

“Leases”
means all leases, subleases, lettings, occupancy agreements, tenancies and
licenses by Borrower as landlord of the Mortgaged Property or any part thereof
now or hereafter entered into, and all amendments, extensions, renewals and
guarantees thereof, and all security therefor.

“Leasing
Commissions” means leasing commissions incurred by Borrower in connection
with leasing any Mortgaged Property or any portion thereof (including renewals
of existing Leases).

“Legal
Requirements” means all governmental statutes, laws, rules, orders,
regulations, ordinances, judgments, decrees and injunctions of Governmental
Authorities (including, without limitation, any of the foregoing relating to zoning,
parking or land use, any and all Environmental Laws and the Americans with
Disabilities Act) affecting Borrower or any Mortgaged Property or any part
thereof or the construction, use, alteration or operation thereof, or any part
thereof (whether now or hereafter enacted and in force), and all permits,
licenses and authorizations and regulations relating thereto, and all
covenants, agreements, restrictions and encumbrances contained in any
instruments, at any time in force affecting the Mortgaged Property or any part
thereof or any utility services or septic systems or other infrastructure
serving any portion of the Mortgaged Property (including, without limitation,
any which may (i) require repairs, modifications or alterations in or to
the Mortgaged Property or any part thereof or any utility services or septic
systems or other infrastructure serving any portion of the Mortgaged Property,
or (ii) in any way limit the use and enjoyment thereof).

“Lender”
has the meaning provided in the first paragraph of this Agreement.

“Lender’s Terms” has the meaning provided in Section 5.1(v).

 13
 

 

 

“Letter of Credit Rights” means all of Borrower’s right, title
and interest, whether now owned or hereafter acquired, in, to and under all “letter
of credit rights” as defined in the UCC.

“LIBOR” means the rate per annum calculated as set forth below:

(i)            On each Interest Determination Date, LIBOR will be
determined on the basis of the offered rate for deposits of not less than U.S.
$1,000,000 for a period of one month (the “Index Maturity”), commencing
on such Interest Determination Date, which appears on Dow Jones Market Service
(formerly Telerate) Page 3750 as of 11:00 a.m., London time (or such
other page as may replace the Dow Jones Market Service (formerly Telerate)
Page on that service for the purposes of displaying London interbank
offered rates of major banks). If no such offered rate appears, LIBOR with
respect to the relevant Interest Accrual Period will be determined as described
in (ii) below.

(ii)           With respect to an Interest Determination Date on which no
such offered rate appears on Dow Jones Market Service (formerly Telerate) Page 3750
as described in (i) above, LIBOR shall be the arithmetic mean, expressed
as a percentage, of the offered rates for deposits in U.S. dollars for the
Index Maturity which appears on the Reuters Screen LIBO Page as of 11:00 a.m.,
London time, on such date. If, in turn, such rate is not displayed on the
Reuters Screen LIBO Page at such time, then LIBOR for such date will be
obtained from the preceding Business Day for which the Reuters Screen LIBO Page displayed
a rate for the Index Maturity.

(iii)          If on any Interest Determination Date, Lender is required
but unable to determine LIBOR in the manner provided in paragraphs (i) and
(ii) above, LIBOR for the next Interest Accrual Period shall be the rate
at which U.S. dollar deposits approximately equal to the principal amount of
the Loan having a 30-day term are offered by the principal London office
of a leading “money center” bank active in the London interbank market for U.S.
dollar deposits, as determined by Lender in its sole discretion, in immediately
available funds in the London interbank market on the Determination Date. LIBOR
for any Interest Accrual Period shall be adjusted from time to time, by
increasing the rate thereof to compensate Lender and any Funding Party for any
aggregate reserve requirements (including, without limitation, all basic,
supplemental, marginal and other reserve requirements and taking into account
any transitional adjustments or other scheduled changes in reserve requirements
during any Interest Accrual Period) which are required to be maintained by
Lender or such Funding Party with respect to “Eurocurrency liabilities” (as
presently defined in Regulation D of the Board of Governors of the Federal
Reserve System) of the same term under Regulation D, or any other regulations
of a Governmental Authority having jurisdiction over Lender or such Funding
Party of similar effect. Notwithstanding the foregoing, if the interest rate
for Lender or any Funding Party shall be increased in respect of reserve
requirements as provided in the immediately preceding sentence, Lender or such
Funding Party shall promptly notify Borrower in writing upon becoming aware
that Borrower may be required to make the foregoing compensation to Lender or
such Funding Party. Lender or any Funding Party that gives notice as provided
herein shall promptly withdraw such notice (by notice to Borrower) whenever
Lender or such Funding Party is no longer required to maintain such reserves 

 14
 

 

 

or the
circumstances giving rise to such notice shall otherwise cease. Notwithstanding
the foregoing, Borrower shall not be required to pay any increased amounts
required by the third sentence of this definition to the extent that Lender or
the relevant Funding Party shall be compensated or reimbursed hereunder for
such amounts. The establishment of the LIBOR on each Interest Determination
Date by Lender and Lender’s calculation of the rate of interest applicable to
the Note shall (in the absence of manifest error) be final and binding.

All percentages resulting from any
calculations of LIBOR referred to in this Agreement will be carried out to five
decimal places and all U.S. dollar amounts used in or resulting from such
calculations will be rounded upwards to the nearest cent.

“Lien”
means any mortgage, deed of trust, lien (statutory or other), pledge,
hypothecation, assignment, security interest, or any other encumbrance or
charge on or affecting Borrower or any Mortgaged Property or any portion
thereof, or any interest therein (including, without limitation, any
conditional sale or other title retention agreement, any financing lease having
substantially the same economic effect as any of the foregoing, and mechanic’s,
materialmen’s and other similar liens and encumbrances).

“Loan”
means the loan made by Lender to Borrower pursuant to the terms of this
Agreement.

“Loan
Amount” means an amount equal to the sum of the Fixed Rate Loan Amount and
the Floating Rate Loan Amount.

“Loan
Documents” means this Agreement, the Note, the Contract Assignment, the
Management Agreement, the Manager’s Subordination, the Mortgages, the
Assignments of Rents and Leases, the Contribution Agreement, the Environmental
Indemnity Agreement, the Guaranty of Non-Recourse Obligations, the Collateral
Assignment of Hedge and all other agreements, instruments, certificates and
documents delivered by or on behalf of Borrower or an Affiliate of Borrower to
evidence or secure the Loan as same may be amended or modified from time to
time.

“Local
Collection Account” and “Local Collection Account Bank” have the
meanings set forth in Section 2.12(a).

“Local
Collection Account Agreement” means with respect to the Local Collection
Account, the lockbox agreement, dated as of the applicable date and executed by
Borrower, Lender and the Local Collection Account Bank.

“Loss
Proceeds” means Condemnation Proceeds and/or Insurance Proceeds.

“Loss
Proceeds Account” has the meaning set forth in Section 2.12(f) hereof.

“Losses”
has the meaning set forth in Section 5.1(j).

“Management
Agreement” means with respect to any Mortgaged Property, the property
management agreement entered into between Borrower and the Manager, in such
form

 

 15

 

 

as may be
reasonably approved by Lender, as such agreement may be amended, modified or
supplemented in accordance with the terms and conditions hereof from time to
time, and any management agreement which may hereafter be entered into with
respect to any Mortgaged Property in accordance with the terms and conditions
hereof, as the same may be amended, modified or supplemented in accordance with
the terms and conditions hereof from time to time.

“Manager”
means ARC Management Services, Inc., a Delaware corporation, the current
manager of the Mortgaged Property under the current Management Agreement, or
such other Person as may hereafter be charged with management of any Mortgaged
Property pursuant to a Management Agreement entered into in accordance with the
terms and conditions hereof.

“Manager
Home” has the meaning set forth in Section 4.2(r).

“Manager’s
Subordination” means, with respect to each Mortgaged Property, initially
the Manager’s Consent and Subordination of Management Agreement, executed by
the Manager, Borrower and Lender, dated as of the Closing Date, and in the
event a successor or assignee Manager is engaged at any Mortgaged Property, a
subordination agreement executed by Manager, Borrower and Lender in form and
substance satisfactory to Lender, whereby, among other things, the Management
Agreement is subordinated to the Indebtedness and to the Lien of the Mortgages
so long as the Loan remains outstanding.

“Master
Homesite Lease Agreement” means, with respect to each legal entity
comprising the Borrower, the related Master Homesite Lease Agreement, dated on
or about July 11, 2006, by and between ARC Housing, LLC (or with respect
to any Mortgaged Property located in Texas, ARC Housing TX LP, a Delaware
limited partnership) and such entity comprising the Borrower.

“Master
Lease Deposits” means (i) during any period that all guaranties of the
Master Homesite Lease Agreements executed by Guarantor are in full force and
effect, the amount of deposits that the tenants under all of the Master
Homesite Lease Agreements are required to pay to the landlord thereunder, as
such amount may be adjusted pursuant to the terms of each Master Homesite Lease
Agreement in the event the total number of Homesites leased thereunder
increases or decreases during the term of the Loan, and (ii) during any
period that any guaranty of a Master Homesite Lease Agreement executed by
Guarantor is not in full force and effect, the product of the amount of
deposits identified in clause (i) above multiplied by twelve (12).

“Master Lease
Deposit Account” has the meaning set forth in Section 2.12(a)(i).

“Material
Adverse Effect” means a material adverse effect upon (i) the business
operations, properties, assets or condition (financial or otherwise) of
Borrower, (ii) the ability of Borrower to perform, or of Lender to
enforce, any of the Loan Documents or (iii) the aggregate value of the
Mortgaged Property.

“Maturity
Date” means (I) with respect to the Floating Rate Note, the earlier of
(a) the Floating Rate Maturity Date or (b) such earlier date on which
the entire Loan is required to be paid in full, by acceleration or otherwise
under this Agreement or any of the other Loan Documents and (II) with
respect to the Fixed Rate Note, (a) the Fixed Rate Maturity Date or (b)

 16
 

 

 

such earlier
date on which the entire Loan is required to be paid in full, by acceleration
or otherwise under this Agreement or any of the other Loan Documents.

“Maximum
Rate” has the meaning set forth in Section 2.5(i) hereof.

“Member”
means ARC Real Estate Holdings, LLC, a Delaware limited liability company.

“Moody’s”
means Moody’s Investors Services, Inc. and its successors.

“Money”
means all of Borrower’s right, title and interest, whether now owned or
hereafter acquired, in, to and under (i) all “money” as defined in the UCC
and (ii) all moneys, cash, or other items of legal tender generated from
the use or operation of the Mortgaged Property.

“Monthly Collection Account Statement” has the meaning provided
in Section 2.12(d).

“Monthly Statement” has the meaning provided in Section 5.1(r)(v).

“Mortgage”
means, with respect to the Mortgaged Property, a first priority Mortgage, Deed
to Secure Debt or Deed of Trust (as applicable), Assignment of Leases and
Rents, Security Agreement and Fixture Filing, dated as of the Closing Date
(and, if there are more than one, each and every one of them), granted by
Borrower to or for the benefit of Lender or Deed of Trust Trustee for the
benefit of Lender, respectively, with respect to the Mortgaged Property as
security for the Loan, as same may thereafter from time to time be
supplemented, amended, modified or extended by one or more agreements
supplemental thereto.

“Mortgaged
Property” means, at any time, individually or collectively, as applicable,
the Land, the Improvements, the Personalty, the Leases and the Rents, and all
rights, titles, interests and estates appurtenant thereto, encumbered by, and
more particularly described in, each of the Mortgages.

“Multiemployer
Plan” means a multiemployer plan defined as such in Section 3(37) of
ERISA and which is covered by Title IV of ERISA (i) to which contributions
have been, or were required to have been made by Borrower or any ERISA
Affiliate within the past six years or (ii) with respect to which Borrower
could reasonably be expected to incur liability.

“Net
Operating Income” means for any period the excess of Operating Revenues
over Operating Expenses for such period.

“Net
Proceeds” means either (x) the purchase price (at foreclosure or
otherwise) actually received by Lender from a third party purchaser with
respect to any Mortgaged Property, as a result of the exercise by Lender of its
rights, powers, privileges and other remedies after the occurrence of an Event
of Default or (y) in the event that Lender (or its nominee) is the
purchaser at foreclosure of any Mortgaged Property, the higher of (i) the
amount of Lender’s credit bid or (ii) such amount as shall be determined
in accordance with applicable law, and in either case minus all reasonable
third party, out of pocket costs and expenses (including, without 

 17
 

 

 

limitation,
all attorneys’ fees and disbursements and any brokerage fees, if applicable)
incurred by Lender (and its nominee, if applicable) in connection with the
exercise of such remedies; provided, however, that such costs and
expenses shall not be deducted to the extent such amounts previously have been
added to the Indebtedness in accordance with the terms of the Loan Documents or
applicable law.

“Note”
means individually or collectively, the Fixed Rate Note and the Floating Rate
Note.

“O&M
Program” has the meaning set forth in Section 5.1(d)(iv) hereof.

“OFAC”
has the meaning set forth in Section 4.1(v) hereof.

“Officer’s
Certificate” means a certificate delivered to Lender by Borrower which is
signed by an authorized officer of Borrower.

“Operating
Budget” means, with respect to any Fiscal Year, the operating budget for
the Mortgaged Property reflecting Borrower’s projections of Gross Revenues and
Property Expenses for the Mortgaged Property for such Fiscal Year and on an annual
and monthly basis and submitted by Borrower to Lender in accordance with the
provisions of Section 5.1(r)(viii).

“Operating
Expenses” means, for any period of calculation, all expenditures incurred
and required to be expensed under GAAP during such period in connection with
the ownership, operation, maintenance, repair and/or leasing of the Mortgaged
Property, including without limitation (or duplication) Property Expenses. Notwithstanding
the foregoing, Operating Expenses shall not include (a) Capital Improvement
Costs, (b) any extraordinary items (unless Lender and Borrower approve of
the inclusion of such items as Operating Expenses), (c) depreciation,
amortization and other non-cash charges or (d) any payments of principal
or interest on the Indebtedness or otherwise payable to the holder of the
Indebtedness. Operating Expenses shall be calculated on the accrual basis of
accounting.

“Operating
Revenues” means, for any period, all regular ongoing income during such
period from the operation of the Mortgaged Property that, in accordance with
GAAP, is included in annual financial statements as revenue. Notwithstanding
the foregoing, Operating Revenues shall not include (a) any Loss Proceeds
(other than business interruption proceeds or Condemnation Proceeds in
connection with a temporary Taking and, in either case, only to the extent
allocable to such period or other applicable reporting period), (b) any
proceeds resulting from the sale, exchange, transfer, financing or refinancing
of the Mortgaged Property, (c) any Rent attributable to a Lease more than
one month prior to the date on which the actual payment of Rent is required to
be made thereunder, (d) any interest income from any source, (e) any
proceeds paid to the Collection Account by the interest rate cap counterparty
in connection with the interest rate cap entered into pursuant hereto, or (f) any
other extraordinary items as reasonably determined by Lender. Operating
Revenues shall be calculated on the accrual basis of accounting.

“Organizational
Agreements” means, individually or collectively, (i) the certificate
of formation and operating agreement, (ii) the certificate of limited
partnership and partnership agreement, (iii) the certificate of
incorporation and by-laws or (iv) the trust 

 18
 

 

 

agreement or
other organizational documents, as applicable of any Person, each as amended or
restated from time to time.

“Original
Floating Rate Maturity Date” means the Payment Date in August 2009.

“Origination
Fee” means 1.0% of the Floating Rate Loan Amount payable to Lender on the
Closing Date.

“Other
Borrowings” means, with respect to Borrower, without duplication (but not
including the Indebtedness or any interest rate protection agreement entered
into pursuant hereto) (i) all indebtedness of Borrower for borrowed money
or for the deferred purchase price of property or services, (ii) all
indebtedness of Borrower evidenced by a note, bond, debenture or similar
instrument, (iii) the face amount of all letters of credit issued for the
account of Borrower and, without duplication, all unreimbursed amounts drawn
thereunder, and obligations evidenced by bankers’ acceptances, (iv) all
indebtedness of Borrower secured by a Lien on any property owned by Borrower
(whether or not such indebtedness has been assumed), (v) all Contingent
Obligations of Borrower, (vi) liabilities and obligations for the payment
of money relating to a capitalized lease obligation or sale/leaseback
obligation, (vii) liabilities and obligations representing the balance
deferred and unpaid of the purchase price of any property or services, except
those incurred in the ordinary course of Borrower’s business that would
constitute ordinarily a trade payable to trade creditors, and (viii) all
payment obligations of Borrower under any interest rate protection agreement
(including, without limitation, any interest rate swaps, caps, floors, collars
or similar agreements) and similar agreements.

“Partial
Defeasance” has the meaning set forth in Section 2.18.

“Partial
Defeasance Amount” means an amount equal to the greater of (i) 125% of
the Allocated Loan Amount for the individual Mortgaged Property subject to a
partial defeasance in accordance with Section 2.18(b) and (ii) the
amount set forth in clause (i) plus any increase in such amount made
pursuant to Section 2.18(b)(viii).

“Partial
Defeasance Collateral” shall mean U.S. Obligations, which provide payments (i) on
or prior to, but as close as possible to, all Payment Dates and other scheduled
payment dates, if any, under the Defeased Note after the Defeasance Date and up
to and including the Fixed Rate Maturity Date, and (ii) in amounts equal
to or greater than the respective Scheduled Defeasance Payments related to such
Payment Dates.

“Payment Date” has the meaning provided in Section 2.5(a).

“Payment Date Statement” has the meaning provided in Section 2.12(d).

“Payment
Intangibles” means all of Borrower’s right, title and interest, whether now
owned or hereafter acquired, in, to and under all “payment intangibles” as
defined in the UCC.

“PBGC”
means the Pension Benefit Guaranty Corporation established under ERISA, or any
successor thereto.

 19
 

 

 

“Permits”
means all licenses, permits, variances and certificates required by Legal
Requirements to be obtained by Borrower and used in connection with the
ownership, operation, use or occupancy of the Mortgaged Property (including,
without limitation, certificates of occupancy, building permits, business
licenses, state health department licenses, licenses to conduct business and
all such other permits, licenses and rights, obtained from any Governmental
Authority or private Person concerning ownership, operation, use or occupancy
of the Mortgaged Property).

“Permitted
Encumbrances” means, with respect to the Mortgaged Property, collectively, (i) the
Lien created by the related Mortgages, or any other Loan Documents of record
encumbering each Mortgaged Property, (ii) all Liens and other matters
disclosed on the Title Insurance Policy concerning each Mortgaged Property, (iii) Liens,
if any, for Impositions imposed by any Governmental Authority not yet
delinquent or being contested in good faith and by appropriate proceedings in
accordance with Section 5.1(b)(ii) hereof and the related
Mortgages, (iv) mechanic’s or materialmen’s Liens, if any, being contested
in good faith and by appropriate proceedings in accordance with Section 5.1(b)(ii) hereof
and the related Mortgages, provided that no foreclosure has been commenced by
the lien claimant, (v) rights of existing and future tenants and residents
as tenants only pursuant to Leases, (vi) Liens for public utilities and (vii) claims
against Homesites incurred by tenants or other occupants of the Mortgaged
Property which claims, to the extent they affect the Mortgaged Property, are
contested in good faith and by appropriate proceedings in accordance with Section 5.1(b)(ii) hereof,
which Liens and encumbrances referred to in clauses (i)-(vii) above do not
materially and adversely affect (1) the ability of Borrower to pay in full
the Principal Indebtedness and interest thereon in a timely manner or (2) the
use of any Mortgaged Property for the use currently being made thereof or the
operation of any Mortgaged Property as currently being operated.

“Permitted
Investments” means any one or more of the following obligations or securities
acquired at a purchase price of not greater than par:

(i)            obligations of, or obligations fully guaranteed as to
payment of principal and interest by, the United States or any agency or
instrumentality thereof provided such obligations are backed by the full faith
and credit of the United States of America;

(ii)           obligations of the following United States of America
government sponsored agencies, provided such obligations are backed by the full
faith and credit of the United States of America:  Federal Home Loan Mortgage Corp. (debt
obligations), the Farm Credit System (consolidated systemwide bonds and notes),
the Federal Home Loan Banks (consolidated debt obligations), the Federal
National Mortgage Association (debt obligations), the Financing Corp. (debt
obligations), and the Resolution Funding Corp. (debt obligations);

(iii)          federal funds, unsecured certificates of deposit, time
deposits, bankers’ acceptances and repurchase agreements with maturities of not
more than 365 days of any bank, the short-term obligations of which are rated
in the highest short-term rating category by the Rating Agencies;

 20
 

 

 

(iv)          certificates of deposit, time deposits, demand deposits or
banker’s acceptances issued by any depository institution or trust company
incorporated under the laws of the United States or of any state thereof and
subject to supervision and examination by federal and/or state banking
authorities, the short-term obligations of which are rated in the highest
short-term rating category by the Rating Agencies, which investments are fully
insured by the Federal Deposit Insurance Corp.;

(v)           debt obligations with maturities of not more than 365 days
and rated by the Rating Agencies in its highest long-term unsecured rating
category;

(vi)          commercial paper (including both non-interest-bearing
discount obligations and interest-bearing obligations payable on demand or on a
specified date not more than one year after the date of issuance thereof) with
maturities of not more than 270 days and that is rated by the Rating Agencies
in their highest short-term unsecured debt rating; and

(vii)         any other demand, money market or time deposit, demand
obligation or any other obligation, security or investment, which Lender shall
have approved in writing and for which Borrower shall have delivered a Rating
Confirmation;

provided,
however, that (A) the investments described in clauses (i) through
(vii) above must have a predetermined fixed dollar of principal due at
maturity that cannot vary or change, (B) if such investments have a variable
rate of interest, such interest rate must be tied to a single interest rate
index plus a fixed spread (if any) and must move proportionately with that
index, and (C) such investments must not be subject to liquidation prior
to their maturity; and provided,  further, that, in the judgment
of Lender, such instrument continues to qualify as a “cash flow investment”
pursuant to Code Section 860G(a)(6) earning a passive return in the
nature of interest and that no instrument or security shall be a Permitted
Investment if such instrument or security evidences (x) a right to receive
only interest payments or (y) the right to receive principal and interest
payments derived from an underlying investment at a yield to maturity in excess
of 120% of the yield to maturity at par of such underlying investment.

“Permitted
Transfer” means:

(1)           any conveyance, assignment, sale or
other disposition (and not a mortgaging, encumbrance, pledging, hypothecation,
or granting of a security interest) (directly or indirectly) of not more than
49% of the voting and beneficial ownership interests in any legal entity
comprising Borrower or the General Partner or the Member following which
Affordable Residential Communities LP (i) owns (directly or indirectly)
51% or more of such voting and beneficial ownership interests in each legal
entity comprising Borrower and General Partner and (ii) controls the
operations and management of Borrower and General Partner; provided,
that any such Transfer referred to above which takes the form of

(x)            a Transfer of the equity ownership interest of the
General Partner in any legal entity comprising Borrower which is a limited
partnership, or

(y)           a Transfer of the equity ownership interests in any legal
entity comprising Borrower or the General Partner or the Member to a transferee
which (collectively 

 21
 

 

 

amongst itself
and its Affiliates that own such equity ownership interests) acquires (directly
or indirectly) a greater than 49% ownership interest in such legal entity
comprising Borrower or the General Partner or the Member, or which acquires
control over the operations and management of such legal entity comprising
Borrower or the General Partner or the Member,

shall not be permitted unless, in addition to
satisfaction of the conditions set forth in clauses (i) and (ii) of
this definition above, Borrower delivers to Lender (1) a substantive
non-consolidation opinion in form and substance reasonably acceptable to Lender
and the Rating Agencies, if required by Lender or the Rating Agencies and (2) a
Rating Confirmation; and

(2)           the Transfer of publicly-traded stock
by stockholders of Affordable Residential Communities Inc., provided
that such Transfer does not result in a change in the majority of the
individuals constituting the board of directors of Affordable Residential
Communities Inc.

“Person”
means any individual, corporation, limited liability company, partnership,
joint venture, estate, trust, unincorporated association, any federal, state,
county or municipal government or any bureau, department or agency thereof and
any fiduciary acting in such capacity on behalf of any of the foregoing.

“Personalty”
means all right, title and interest of Borrower in and to all Equipment,
Inventory, Accounts, General Intangibles, Instruments, Investment Property,
Receivables, Pledged Accounts, Deposit Accounts, Contracts and Intellectual
Property and all other personal property as defined in the relevant UCC, now
owned or hereafter acquired by Borrower and now or hereafter affixed to, placed
upon, used in connection with, arising from or otherwise related to the
Mortgaged Property or which may be used in or relating to the planning,
development, financing or operation of such Mortgaged Property, including,
without limitation, furniture, furnishings, equipment, machinery, money,
insurance proceeds, accounts, contract rights, trademarks, goodwill, chattel
paper, documents, trade names, licenses and/or franchise agreements, rights of
Borrower under leases of fixtures or other personal property or equipment,
inventory, all refundable, returnable or reimbursable fees, deposits or other
funds or evidences of credit or indebtedness deposited by or on behalf of
Borrower with any governmental authorities, boards, corporations, providers of
utility services, public or private, including specifically, but without
limitation, all refundable, returnable or reimbursable tap fees, utility
deposits, commitment fees and development costs.

“Plan”
means an employee benefit or other plan, other than a Multiemployer Plan, that
is covered by Title IV of ERISA or Section 302 of ERISA or Section 412
of the Code, and (i) was established or maintained by Borrower or any
ERISA Affiliate during the five year period ended prior to the date of this
Agreement or to which Borrower or any ERISA Affiliate makes, is obligated to
make or has, within the five year period ended prior to the date of this
Agreement, been required to make contributions or (ii) with respect to
which Borrower could reasonably be expected to incur liability.

“Pledged
Accounts” means the Local Collection Account(s), the Collection Account,
the Reserve Accounts, the Loss Proceeds Account, the Security Deposit Account,
the 

 22
 

 

 

Master Lease
Deposit Account, any additional accounts now or hereafter maintained by or on
behalf of Borrower hereunder and any sub-accounts of any of the foregoing and
any successor accounts to any of the foregoing.

“Policies” has the meaning provided in Section 5.1(x)(iii).

“Pre-existing Condition” has the meaning set forth in Section 5.1(x)(iv)(B) hereof.

“Prepaid Rent Account” has the meaning provided in Section 2.13(d).

“Prepayment
Fee” means with respect to any prepayment of the Fixed Rate Component of
the Principal Indebtedness, the greater of (A)  the product of 1.00% and
the outstanding Principal Indebtedness relating to the Fixed Rate Component
that is prepaid and (B) Yield Maintenance Premium. No Prepayment Fee shall
be due and payable with respect to a prepayment of the Floating Rate Component
of the Principal Indebtedness or any defeasance pursuant to and in accordance
with Section 2.18 hereof.

“Principal
Indebtedness” means the principal amount of the Loan outstanding as
adjusted by each increase (including advances made by Lender to protect the
Collateral), or decrease in such principal amount of the Loan outstanding,
whether as a result of prepayment or otherwise, from time to time.

“Proceeds”
shall have the meaning given in the UCC and, in any event, shall include,
without limitation, all of Borrower’s right, title and interest in and to
proceeds, product, offspring, rents, profits or receipts, in whatever form,
arising from the Collateral.

“Prohibited
Person” has the meaning set forth in Section 4.1(v) hereof.

“Property
Condition Assessment” means a report with respect to any Mortgaged Property
prepared by an Engineer or another Person acceptable to the Lender and
delivered to Lender in connection with the Loan and any amendments or
supplements thereto delivered to Lender.

“Property
Expenses” means, with respect to the Mortgaged Property, the following
costs and expenses but only, in the case of costs and expenses in respect of
goods and services, to the extent that they (x) are paid to Persons who
are generally in the business of providing such goods and services, (y) are
customary for the types of goods or services provided in the geographical area
in which such goods or services are provided and (z) do not constitute
Capital Improvement Costs:

(i)            Impositions;

(ii)           insurance premiums for policies of insurance required to
be maintained by Borrower pursuant to this Agreement or the other Loan
Documents or otherwise maintained by Borrower or an Affiliate of Borrower on
behalf of Borrower in the ordinary course of business with respect to the
Mortgaged Property;

 23
 

 

 

(iii)          the cost of all electricity, oil, gas, water, steam, heat,
ventilation, air conditioning and any other energy, utility or similar item and
overtime services with respect to the Mortgaged Property;

(iv)          payments required under service contracts for any services
or items used at the Mortgaged Property or otherwise used in the operation of
the Mortgaged Property (including, without limitation, service contracts for
heating, ventilation and air conditioning systems, elevators, landscape
maintenance, pest extermination, security, furniture, trash removal, answering
service and credit checks);

(v)           wages, benefits, payroll taxes, uniforms, the cost of
cleaning supplies and all related expenses for on-site personnel directly
involved in the day-to-day operation of the Mortgaged Property (including,
without limitation, full time, part time, or seasonal employees, allocated
between a number of properties and general repair, maintenance and security
employees), whether hired by Borrower, Manager or any other Person;

(vi)          costs required in connection with the enforcement of any
Lease (including, without limitation, reasonable attorneys’ fees, charges for
lock changes and storage and moving expenses for furniture, fixtures and
equipment);

(vii)         advertising and rent-up expenses (including, without
limitation, leasing services, tenant rent concessions, promotions for existing
and prospective tenants, banners and signs);

(viii)        out-of-pocket cleaning, maintenance and repair expenses;

(ix)           any expense the total cost of which is passed through to
tenants pursuant to executed Leases;

(x)            legal, accounting, auditing and other professional fees
and expenses incurred in connection with the ownership, leasing and operation
of the Mortgaged Property (including, without limitation, collection costs and
expenses);

(xi)           permits, licenses and registration fees and costs;

(xii)          any expense necessary in order to prevent a breach under a
Lease;

(xiii)         any expense necessary in order to prevent or cure a
violation of any Legal Requirement (including Environmental Law), regulation,
code or ordinance;

(xiv)        costs and expenses of any appraisals, valuations, surveys,
inspections, zoning reports, environmental assessments or market studies;

(xv)         costs and expenses of security and security systems provided
to and/or installed and maintained with respect to the Mortgaged Property;

(xvi)        costs of title, UCC, litigation and other searches and costs
of maintaining the Lien of the Mortgages thereon and the security interest in
any related Collateral;

 24
 

 

 

(xvii)       fees and expenses of property managers contracted with by
Borrower to perform management, administrative, payroll or other services in
connection with the operation of the Mortgaged Property (including, without
limitation, the fees and expenses owed to Manager under any Management Agreement
which the Lender has approved in accordance with this Agreement);

(xviii)      any other costs and expenses contemplated by the Operating
Budget and customarily incurred in connection with operating properties similar
in type and character to the Mortgaged Property; and

(xix)         any other category of property expense that is customary for
a property of the type and size as the Mortgaged Property and is reasonably
approved by Lender.

“Prudent
Lender Standard” shall, with respect to any matter, be deemed to have been
satisfied if the matter in question (i) prior to the “start up day”
(within the meaning of Section 860G(a)(9) of the Code) of the REMIC
trust established in connection with the first Securitization involving the
Loan, is reasonably acceptable to Lender and (ii) after the “start up day”
(within the meaning of Section 860G(a)(9) of the Code) of the REMIC
trust established in connection with the first Securitization involving the
Loan, would be acceptable to a prudent lender of securitized commercial mortgage
loans.

“Qualified
Interest Rate Cap Provider” means an interest rate cap counterparty having (a) either
a long term unsecured debt rating or counterparty rating of “A+” or higher from
S&P or a short-term unsecured debt rating of “A-1” by S&P; (b) a
long-term unsecured debt rating of not less than “Aa3” by Moody’s; and (c) a
long-term unsecured debt rating of not less than “AA-” from Fitch (if the cap
provider is rated by Fitch).

“Quarterly Statement” has the meaning provided in Section 5.1(r)(iv).

“Rating
Agencies” means at least two of Fitch, Moody’s and S&P (or, if a
Secondary Market Transaction has occurred in which Securities have been issued,
each of the foregoing that rated such Securities).

“Rating
Criteria” with respect to any Person, means that (i) the short-term
unsecured debt obligations of such Person are rated at least “A-1” by
S&P, “P-1” by Moody’s and “F-1” by Fitch, if deposits are held
by such Person for a period of less than one month, or (ii) the long-term
unsecured debt obligations of such Person are rated at least “AA-” by S&P, “Aa3”
by Moody’s and “AA-” by Fitch, if deposits are held by such Person for a period
of one month or more.

“Rating
Confirmation” with respect to any transaction, matter or action in
question, means:  (i) if all or any
portion of the Loan, by itself or together with other loans, has been the
subject of a Secondary Market Transaction, the written confirmation of the
Rating Agencies that such transaction, matter or action shall not, in and of
itself, result in the downgrading, withdrawal or qualification of the
then-current ratings assigned to any of the Securities issued in connection
with a Secondary Market Transaction; and (ii) if any portion of the Loan
has not been the subject of a Secondary Market Transaction, Lender shall have
determined in its reasonable discretion (taking into consideration such factors
as Lender may 

 25
 

 

 

determine,
including the attributes of the loan pool in which any portion of the Loan
reasonably be expected to be securitized) that no rating for any Securities
that would be issued in connection with a Secondary Market Transaction
involving any of such portion of the Loan would be downgraded, qualified, or
withheld by reason of such transaction, matter or action.

“Real Estate Taxes Escrow Account” has the meaning provided in Section 2.13(b).

“Receivables” means all of Borrower’s right, title and interest,
whether now owned or hereafter acquired, in, to and under (i)  any
Accounts, Chattel Paper, Instruments, Payment Intangibles, Letter of Credit
Rights, Documents, insurance policies, drafts, bills of exchange, royalties,
mineral lease payments, severance payments, override payments, trade
acceptances, notes or other indebtedness owing to Borrower from whatever source
arising, (ii) to the extent not otherwise included above, (a) all
income, Rents, issues, profits, revenues, deposits and other benefits from the
Mortgaged Property and (b) all receivables and other obligations now
existing or hereafter arising, or created out of the sale, lease, sublease,
license, concession or other grant of the right of the use and occupancy of
property or rendering of services by Borrower or any operator or manager of the
Mortgaged Property or other commercial space located at the Mortgaged Property
or acquired from others (including, without limiting the generality of the
foregoing, from rental of space, halls, stores, and offices, and deposits
securing reservations of such space, exhibit or sales space of every kind,
license, lease, sublease and concession fees and rentals, wholesale and retail
sales of merchandise, service charges, vending machine sales and proceeds, if
any, from business interruption or other loss of income insurance, (iii) all
of the books and records (whether in tangible, electronic or other form) now or
hereafter maintained by or on behalf of Borrower in connection with the
operation of the Mortgaged Property or in connection with any of the foregoing
and (iv) all Supporting Obligations and all liens and security interests
securing any of the foregoing and all other rights, privileges and remedies
relating to any of the foregoing.

“Release”
means any active or passive release, spill, emission, leaking, pumping,
injection, deposit, disposal, discharge, dispersal, leaching or migration into
the indoor or outdoor environment (including, without limitation, the movement
of Hazardous Substances through ambient air, soil, surface water, ground water,
wetlands, land or subsurface strata).

“Release Price” means, with respect to a Capital Event of any
individual Mortgaged Property, the sum of (i) 100% of the Allocated Loan
Amount of such Mortgaged Property and (ii) if the Debt Service Coverage
Ratio of the remaining Mortgaged Properties following such Capital Event does
not satisfy the Debt Service Coverage Test, the additional amount that when
applied to pay the Principal Indebtedness causes the Debt Service Coverage
Ratio following such Capital Event to satisfy the Debt Service Coverage Test.

“Release
Property” has the meaning set forth in Section 2.18.

“Remedial Work” has the meaning set forth in Section 5.1(d)(i).

 26
 

 

 

“Rents”
means all income, rents (including base rent), issues, profits, revenues
(including all oil and gas or other mineral royalties and bonuses), deposits
(other than utility and security deposits) and other benefits from the
Mortgaged Property.

“Replacement
Reserve Account” has the meaning set forth in Section 2.13(a).

“Replacement
Reserve Deposit Amount” means an amount equal to one-twelfth (1/12th) of the product of $50.00 and
the number of Homesites at the Mortgaged Property.

“Replacement
Reserve Threshold Amount” means the product of $50.00 and the number of
Homesites at the Mortgaged Property.

“Reserve
Account(s)” means the Environmental Reserve Account, the Replacement
Reserve Account, the Real Estate Taxes Escrow Account, the Insurance Escrow
Account, the Prepaid Rent Account and the Master Lease Deposit Account,
collectively, and any successor accounts to any of the foregoing.

“Restoration”
has the meaning set forth in Section 5.1(x)(iv)(B).

“Scheduled
Defeasance Payments” shall mean scheduled payments of interest under the
Fixed Rate Note in the case of a Total Defeasance and under the Defeased Note
in the case of a Partial Defeasance for all Payment Dates occurring after the
Defeasance Date and up to and including the Fixed Rate Maturity Date
(including, in the case of a Total Defeasance, the outstanding principal
balance of the Loan as of the Fixed Rate Maturity Date and, in the case of a
Partial Defeasance, the outstanding principal balance of the Defeased Note as
of the Fixed Rate Maturity Date), and all payments required after the
Defeasance Date, if any, under the Loan Documents for servicing fees, and other
similar charges.

“S&P”
shall mean Standard & Poor’s Rating Services, a division of The
McGraw-Hill Companies, Inc and its successors.

“Secondary
Market Transaction” has the meaning set forth in Section 5.1(w).

“Security
Agreement” shall mean a security agreement in form and substance that would
be satisfactory to a prudent lender pursuant to which Borrower grants Lender a
perfected, first priority security interest in the Defeasance Collateral
Account and the Defeasance Collateral.

“Securities”
means mortgage pass-through certificates or other securities issued in a
Secondary Market Transaction and evidencing a beneficial interest in or secured
in whole or in part by the Loan in a rated or unrated public offering or
private placement.

“Securitization”
means a Secondary Market Transaction of the type described in clauses (i) or
(iii) of the definition thereof, as set forth in Section 5.1(w).

“Security
Deposit Account” has the meaning set forth in Section 2.12(a)(i).

“Single
Member” has the meaning set forth in Section 8.1(ee).

 27
 

 

 

“Specified
Expansion Parcel” shall mean the unimproved, non-income—producing parcel of
land at each of the Mortgaged Properties identified on Schedule 12 hereto.

“Successor
Borrower” has the meaning set forth in Section 2.18(d).

“Supporting
Obligations” means all of Borrower’s right, title and interest, whether now
owned or hereafter acquired, in, to and under (i) all “supporting
obligations” as defined in the UCC and (ii) any other guarantee, letter of
credit, secondary obligation, right or privilege that supports or pertains to
any of the Mortgaged Property.

“Survey”
means a certified ALTA/ACSM survey of each Mortgaged Property prepared by a
registered Independent surveyor, containing the form of survey or certification
provided to Borrower by Lender and in form and content reasonably satisfactory
to Lender and the company issuing the Title Insurance Policy for each Mortgaged
Property.

“Taking”
means a taking or voluntary conveyance during the term hereof of all or part of
any Mortgaged Property, or any interest therein or right accruing thereto or
use thereof, as the result of, or in settlement of, any condemnation or other
eminent domain proceeding by any Governmental Authority affecting the Mortgaged
Property or any portion thereof whether or not the same shall have actually
been commenced.

“Tax Liabilities”
has the meaning set forth in Section 2.10(a) hereof.

“Title
Insurance Policy” means a mortgagee’s title insurance policy or policies (i) issued
by one or more title companies reasonably satisfactory to Lender which policy
or policies shall (unless Lender otherwise requires or consents) be in form
ALTA 1992, where available (with waiver of arbitration provisions), naming
Lender as the insured party, (ii) insuring the Mortgages as being a first
and prior lien upon the Mortgaged Property, (iii) showing no encumbrances
against any Mortgaged Property (whether junior or superior to the Mortgages)
which are not reasonably acceptable to Lender other than Permitted
Encumbrances, (iv) in an amount reasonably satisfactory to Lender (it
being understood and agreed that because multiple Mortgaged Properties secure
the Loan, a reasonable requirement shall be deemed to include requiring title
insurance for a Mortgaged Property in the amount of the Allocated Loan Amount
for such Mortgaged Property if a tie-in endorsement is available in the State
where such Mortgaged Property is located or 125% of the appraised value of a
Mortgaged Property if a tie-in endorsement is not available in the State where
such Mortgaged Property is located or such Mortgaged Property cannot be tied
together with other Mortgaged Properties for any reason), and (v) otherwise
in form and content reasonably acceptable to Lender. Such Title Insurance
Policy shall include the following endorsements or affirmative coverages in
form and substance reasonably acceptable to Lender, to the extent available in
the jurisdiction in which the Land is located: 
variable rate endorsement; survey endorsement; comprehensive
endorsement; zoning (ALTA 3.1 with parking added) endorsement; first loss, last
dollar and tie-in endorsement; access coverage; separate tax parcel coverage;
contiguity (if applicable) coverage; and such other endorsements as Lender
shall reasonably require with respect to a particular Mortgaged Property in
order to provide insurance against specific risks identified by Lender in
connection with the Mortgaged Property.

 28
 

 

 

“Total
Defeasance” shall have the meaning set forth in Section 2.18.

“Total
Defeasance Collateral” shall mean U.S. Obligations, which provide payments (i) on
or prior to, but as close as possible to, all Payment Dates and other scheduled
payment dates, if any, under the Fixed Rate Note after the Defeasance Date and
up to and including the Fixed Rate Maturity Date, and (ii) in amounts
equal to or greater than the respective Scheduled Defeasance Payments related
to such Payment Dates.

“Transaction”
means the transactions contemplated by the Loan Documents.

“Transaction
Costs” means all costs and expenses paid or payable by Borrower relating to
the Transaction (including, without limitation, appraisal fees, legal fees and
accounting fees and the costs and expenses described in Section 9.23).

“Transfer”
means the conveyance, assignment, sale, mortgaging, encumbrance (other than a
Permitted Encumbrance), pledging, hypothecation, granting of a security
interest in, granting of options with respect to, or other disposition of
(directly or indirectly, voluntarily or involuntarily, by operation of law or
otherwise, and whether or not for consideration or of record) all or any
portion of any direct or indirect (irrespective of the number of tiers of
ownership) legal or beneficial interest (a) in all or any portion of the
Mortgaged Property; or (b) any stock, partnership interests, membership
interests or other ownership interests in Borrower, the General Partner, if
any, or the Member or the constituent entities directly or indirectly
(irrespective of the number of tiers of ownership) owning any such stock,
partnership interests, membership interests or other ownership interests. A
Transfer shall also include, without limitation to the foregoing, the
following:  an installment sales
agreement wherein Borrower agrees to sell the Mortgaged Property or any part
thereof or any interest therein for a price to be paid in installments; an
agreement by Borrower leasing all or a substantial part of the Mortgaged
Property to one or more Persons pursuant to a single or related transactions,
or a sale, assignment or other transfer of, or the grant of a security interest
in, Borrower’s right, title and interest in and to any Leases or any Rent;
execution or consent by Borrower of any instrument subjecting the Mortgaged
Property to a condominium regime or transferring ownership to a cooperative
corporation; and any change of control of Borrower, General Partner, if any, or
the Member.

“Treasury
Rate” means, on the date on which such rate is calculated, the yield on the
ten year “on the run” U.S. Treasury issue (primary issue) with such yield being
based on the bid price for such issue as reasonably determined by Lender.

“UCC”
means with respect to any Collateral, the Uniform Commercial Code as in effect
from time to time in the State of New York; provided, that if by reason
of mandatory provisions of law, the perfection or the effect of perfection or
non-perfection or priority of the security interest in any item or portion of
the Collateral is governed by the Uniform Commercial Code as in effect in a
jurisdiction other than the State of New York, “UCC” shall mean the Uniform
Commercial Code as in effect in such other jurisdiction for purposes of the
provisions hereof relating to such perfection or effect of perfection or
non-perfection or priority. Wherever this agreement refers to terms as defined
in the UCC, if such term is defined in more than one Article of the UCC,
the definition in Article 9 of the UCC shall control.

 29
 

 

 

“Undefeased
Note” has the meaning set forth in Section 2.18.

“Underwritten
Net Cash Flow” means, as of any date of calculation with respect to the
Mortgaged Property, (i) the Operating Revenues calculated based upon the
base rent portion of the Rents during the most recent three month period for
which such information was furnished to Lender pursuant to Section 5.1(r)(v) hereof,
annualized, plus (ii) any utility and other income during the most recent
twelve month period for which such information was furnished to Lender pursuant
to Section 5.1(r)(v) hereof, minus (iii) the Operating
Expenses with respect to the Mortgaged Property during the most recent twelve
month period for which such information was furnished to Lender pursuant to Section 5.1(r)(v) hereof,
each as determined by Lender and after Lender makes adjustments, if necessary,
for

(1)           the positive difference, if any, between an amount equal
to 4.00% of Operating Revenues for the period and actual salaries for the
community property managers and assistant property managers (as such salaries
are reported in the salary expense line item of the operating statement for
each Mortgaged Property), provided that if the salaries for the community property
managers and assistant property managers are greater than 4.00% of Operating
Revenues for the period, no adjustment will be made,

(2)           a minimum vacancy allowance equal to 5.00%,

(3)           an annual minimum capital expenditure reserve equal to the
product of $50.00 multiplied by the total number of Homesites at the Mortgaged
Property,

(4)           exclusion of rental income and expenses from manufactured
homes owned by Borrower or its Affiliates,

(5)           exclusion of any other revenue items reasonably deemed
nonrecurring by Lender, and

(6)           inclusion of increases in future operating costs as
reasonably determined by Lender, in its sole discretion, so that, assuming
current occupancy, the annualized underwritten Operating Expenses fully reflect
the operating costs expected to be incurred over the next twelve month period.

“U.S.
Obligations” shall mean securities that are (i) direct obligations of
the United States of America for the full and timely payment of which its full
faith and credit is pledged or (ii) obligations of an entity controlled or
supervised by and acting as an agency or instrumentality and guaranteed as a
full faith and credit obligation which shall be fully and timely-paid by the
United States of America, which in either case are not callable or redeemable
at the option of the issuer thereof (including a depository receipt issued by a
bank (as defined in Section 3(a)(2) of the United States Securities
Act)) as custodian with respect to any such U.S. Obligations or a specific
payment of principal of or interest on any such U.S. Obligations held by such
custodian for the account of the holder of such depository receipt, provided
that (except as required by law) such custodian is not authorized to make any
deduction from the amount payable to the holder of such depository receipt from
any amount received by the custodian in respect of the securities or the
specific payment of principal of or interest on the securities evidenced by
such depository receipt.

 

 30

 

“Use”
means, with respect to any Hazardous Substance, the generation, manufacture,
processing, distribution, handling, use, treatment, recycling or storage of
such Hazardous Substance or transportation of such Hazardous Substance in
connection with or affecting Borrower or the Mortgaged Property.

“Welfare
Plan” means an employee welfare benefit plan as defined in Section 3(1) of
ERISA established or maintained by Borrower or any ERISA Affiliate or with
respect to which Borrower or any ERISA Affiliate has an obligation to make
contributions and covers any current or former employee of Borrower or any
ERISA Affiliate.

“Yield
Maintenance Premium” shall mean the positive difference, if any, between (i) the
present value on the date of prepayment (by acceleration or otherwise) of all
future installments of principal and interest which the Borrower would
otherwise be required to pay with respect to the Fixed Rate Component from the
date of such prepayment through and including the Maturity Date absent such
prepayment, including the unpaid principal amount which might otherwise be due
upon the Maturity Date absent such prepayment, with such present value being
determined by the use of a discount rate equal to the yield to maturity
(adjusted to a “Mortgage Equivalent Basis” pursuant to the standards and
practices of the Securities Industry Association), on the date of such
prepayment of the United States Treasury Security having the term to maturity
closest to what otherwise would have been the remaining term of the Loan absent
such prepayment and (ii) the Fixed Rate Component of the Principal
Indebtedness on the date of such prepayment.

ARTICLE
II.

GENERAL TERMS

Section 2.1.            The Loan.

(a)           Subject
to the terms and conditions of this Agreement, Lender shall lend to Borrower on
the Closing Date the Loan Amount. The proceeds of the Loan shall be used solely
for the purposes identified in Section 2.2 hereof. Lender is hereby
authorized to fund directly from the proceeds of the Loan advanced at Closing
(net of any deposits or payments made by Borrower or its Affiliates prior to
Closing) (i) the Origination Fee, (ii) the deposits to the
Environmental Reserve Account, the Real Estate Taxes Escrow Account, the
Insurance Escrow Account, the Master Lease Deposit Account and the Replacement
Reserve Account required to be funded from Loan proceeds pursuant to Section 2.13,
(iii) the out-of-pocket expenses incurred by Lender in connection with the
origination and funding of the Loan and (iv) the reasonable fees and
expenses of Lender’s and Borrower’s counsel.

(b)           The
Loan shall constitute one general obligation of Borrower to Lender and shall be
secured by the security interest in and Liens granted upon all of the
Collateral, and by all other security interests and Liens at any time or times
hereafter granted by Borrower to Lender as security for the Loan.

Section 2.2.            Use of Proceeds. Proceeds of the Loan shall be
used only for the following purposes:  (a) to
refinance existing mortgage debt on the Mortgaged Property, (b) to pay to
Lender the Origination Fee, (c) to make the required deposits to the
Environmental 

 31
 

 

 

Reserve
Account, the Real Estate Taxes Escrow Account, the Insurance Escrow Account,
the Master Lease Deposit Account and the Replacement Reserve Account and any
other reserves agreed to by Lender and Borrower prior to Closing, (d) to
pay Transaction Costs (including the reasonable out-of-pocket expenses incurred
by Lender in connection with the origination and funding of the Loan) and (e) to
pay reasonable fees, expenses and disbursements of Lender’s and Borrower’s
counsel. Any proceeds of the Loan in excess of the amounts applied in
accordance with Sections 2.1(a) and 2.2(a)-(e) may be
used by the Borrower for its general purposes (including to make a distribution
to the Member).

Section 2.3.            Security for the Loan. The Note and Borrower’s
obligations hereunder and under all other Loan Documents shall be secured by (a) Liens
upon the Mortgaged Property pursuant to the Mortgages, (b) the Contract
Assignment, (c) the Manager’s Subordination, (d) the Assignment of
Rents and Leases, (e) the Collateral Assignment of Hedge and all other
security interests and Liens granted in this Agreement and in the other Loan
Documents.

Section 2.4.            Borrower’s Note. Borrower’s obligation to pay the
principal of and interest on the Loan and all other amounts due under the Loan
Documents shall be evidenced initially by the Note, duly executed and delivered
by Borrower on the Closing Date. The Note shall be payable as to principal,
interest and all other amounts due under the Loan Documents, as specified in
this Agreement, with a final maturity on the applicable Maturity Date. Lender
shall have the right to have any Note subdivided, by exchange for promissory
notes of lesser denominations in the form of the initial Note, upon written
request to Borrower and, in such event, Borrower shall promptly execute
additional or replacement Notes, at the Lender’s sole expense with respect to
Borrower’s reasonable out-of-pocket costs in the event and to the extent Borrower
incurs costs in connection therewith other than in connection with the
execution of such additional or replacement Notes. At no time shall the
aggregate original principal amount of the Note (or of such replacement Notes)
exceed the Loan Amount.

Section 2.5.            Principal and Interest.

(a)           (i)            Borrower shall pay to the Lender
interest on the Floating Rate Component of the Principal Indebtedness of the
Loan from the Closing Date through and including the end of the applicable
Interest Accrual Period during which the Floating Rate Component of the Loan is
paid in full at the interest rate provided in this Section 2.5. Interest
shall accrue on the Floating Rate Component of the Principal Indebtedness of
the Loan commencing on the Closing Date and shall be payable in advance on the
Closing Date with respect to the period from the Closing Date through and
including August 14, 2006 at the interest rate determined on the
applicable Interest Determination Date for such payment. Commencing on September 1,
2006 (the “First Payment Date”) and on the first (1st) day of each
calendar month thereafter unless, in any such case, such first day is not a
Business Day, in which event such interest shall be payable on the first
successive Business Day immediately following such date (each, with the First
Payment Date, a “Payment Date”) through and including the Floating Rate
Maturity Date, Borrower shall make monthly payments (each, a “Floating Rate
Monthly Debt Service Payment”) of interest only partially in arrears and
partially in advance in an amount equal to accrued interest on the Floating
Rate Component of the Principal Indebtedness of the Loan (the “Floating
Monthly Debt Service Payment Amount”) for the applicable Interest Accrual 

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Period in
which such Payment Date occurs. The entire outstanding Floating Rate Component
of the Principal Indebtedness of the Loan and the Floating Rate Note, together
with all accrued but unpaid interest thereon (through and including the end of
the applicable Interest Accrual Period) and all other amounts due under the
Loan Documents with respect to the Floating Rate Component (which amounts shall
be determined on a pro rata basis based on the principal balance of the
Floating Rate Component and Fixed Rate Component), shall be due and payable by
Borrower to Lender on the Floating Rate Maturity Date. Interest on the Floating
Rate Component shall be computed on the basis of a 360 day year and the actual
number of days in the applicable Interest Accrual Period.

(ii)           Borrower
shall pay to Lender interest on the Fixed Rate Component of the Principal
Indebtedness of the Loan at the interest rate provided in this Section 2.5.
Interest shall accrue on the Fixed Rate Component of the Principal Indebtedness
commencing on the Closing Date and shall be payable in advance on the Closing
Date with respect to the period from the Closing Date through and including July 31,
2006. Commencing on September 1, 2006 and on each Payment Date thereafter
through and including the Fixed Rate Maturity Date, Borrower shall make monthly
payments (each, a “Fixed Rate Monthly Debt Service Payment”) of interest
only in arrears in an amount equal to the accrued interest on the Fixed Rate
Component of the Principal Indebtedness of the Loan (the “Fixed Rate Monthly
Debt Service Payment Amount”) for the applicable Interest Accrual Period
immediately preceding such Payment Date. The entire outstanding Principal
Indebtedness of the Loan and the Fixed Rate Note, together with all accrued but
unpaid interest thereon and all other amounts due under the Loan Documents,
shall be due and payable by Borrower to Lender on the Fixed Rate Maturity Date.
Interest on the Fixed Rate Component shall be computed on the basis of a 360
day year and the actual number of days elapsed during any month or other
accrual period.

(b)           For
each applicable Interest Accrual Period, the Fixed Rate Component of the
Principal Indebtedness shall bear interest at a rate per annum equal to the
Fixed Interest Rate and the Floating Rate Component of the Principal Indebtedness
shall bear interest at a rate per annum equal to the sum of LIBOR determined as
of the Interest Determination Date for such Interest Accrual Period plus 0.80%.
Lender or its servicer shall calculate LIBOR on each Interest Determination
Date for the related Interest Accrual Period and promptly communicate to
Borrower such rate for such period.

(c)           While
an Event of Default has occurred and is continuing, Borrower shall pay to
Lender interest at the applicable Default Rate on any amount owing to Lender
not paid when due until such amount is paid in full.

(d)           If
any payment of principal, interest or other sums shall not be made to Lender on
the date the same is due hereunder or under any of the other Loan Documents,
then Borrower shall pay to Lender, in addition to all sums otherwise due and
payable, a late fee in an amount equal to five percent (5.0%) of such
principal, interest or other sums due hereunder or under any other Loan
Document (or, in the case of a partial payment, the unpaid portion thereof),
such late charge to be immediately due and payable without demand by Lender.

 33
 

 

 

(e)           Borrower hereby agrees to pay to Lender any
amount necessary to compensate Lender and any Funding Party for any losses or
costs (including, without limitation, the costs of breaking any “LIBOR”
contract, if applicable, or funding losses determined on the basis of Lender’s
or such Funding Party’s reinvestment rate and the interest rate on the Loan)
(collectively, “Funding Losses”) sustained by Lender or any Funding
Party:  (i) if the Floating Rate
Note, or any portion thereof, is repaid for any reason whatsoever on any date
other than a Payment Date (including, without limitation, from condemnation or
insurance proceeds); or (ii) as a consequence of (x) any increased
cost of funds that Lender or any Funding Party may sustain in maintaining the
borrowing evidenced hereby or (y) the reduction of any amounts received or
receivable from Borrower, in either case under clause (i) or (ii), due to
the introduction of, or any change in, any law or applicable regulation or
treaty adopted after the date hereof (including the administration or
interpretation thereof), whether or not having the force of law, or due to the
compliance by Lender or the Funding Party, as the case may be, with any
directive, whether or not having the force of law, or request from any central
bank or domestic or foreign governmental authority, agency or instrumentality
having jurisdiction made as of the date hereof. Notwithstanding anything in
this paragraph to the contrary, Funding Losses shall not include Tax
Liabilities which are not payable by Borrower pursuant to Section 2.10.

(f)            If
Lender or any Funding Party shall have determined that the applicability of any
law, rule, regulation or guideline adopted pursuant to or arising out of the July 1988
report of the Basle Committee on Banking Regulations and Supervisory Practices
entitled “International Convergence of Capital Measurement and Capital
Standards”, or the adoption of any other law, rule, regulation or guideline
(including but not limited to any United States law, rule, regulation or
guideline) regarding capital adequacy, or any change becoming effective in any
of the foregoing or in the enforcement or interpretation or administration of
any of the foregoing by any court or any domestic or foreign governmental
authority, central bank or comparable agency charged with the enforcement or
interpretation or administration thereof, or compliance by Lender or its
holding company or a Funding Party or its holding company, as the case may be,
with any request or directive regarding capital adequacy (whether or not having
the force of law) of any such authority, central bank or comparable agency made
after the date hereof, has or would have the effect of reducing the rate of
return on the capital of Lender or its holding company, or of the Funding Party’s
or its holding company, as the case may be, then, upon demand by Lender and
provided that such payments are being demanded from and made by other borrowers
of similarly situated loans, Borrower shall pay to Lender, from time to time,
such additional amount or amounts as will compensate Lender or such Funding
Party for any such reduction suffered.

(g)           Any
amount payable by Borrower under Sections 2.5(e) or (f) shall be paid
to Lender within ten (10) Business Days after receipt by Borrower of a
certificate signed by an officer of Lender setting forth the amount due and the
basis for the determination of such amount in reasonable detail and the
computations made by Lender to determine the amount due, which statement shall
be conclusive and binding upon Borrower, absent manifest error. Failure on the
part of Lender to demand payment from Borrower for any such amount attributable
to any particular period shall not constitute a waiver of Lender’s right to
demand payment of such amount for any subsequent or prior period; except that
Borrower shall not be liable to any Funding Party or to Lender in respect of
any reduction described in Sections 2.5(d) or (e) with respect to any
period more than three (3) months before Borrower receives the certificate

 34
 

 

 

required by
the previous sentence. Lender shall use reasonable efforts to deliver to
Borrower prompt notice of any event described in Sections 2.5(e) or (f) above
and of the amount to be paid as a result thereof, provided, however, any
failure by Lender to so notify Borrower shall not affect its obligation to make
the payments to be made under this Section as a result thereof. All
amounts which may become due and payable by Borrower in accordance with the
provisions of this Section shall constitute additional interest under the
Loan and shall be secured by the Mortgages and the other Loan Documents.

(h)           If
Lender or any Funding Party requests compensation for any losses or costs to be
reimbursed pursuant to any one or more of the provisions of Sections 2.5(e) or
(f), then, upon request of Borrower, Lender or such Funding Party shall use
reasonable efforts in a manner consistent with such institution’s practice in
connection with loans similar in size and type as the Loan to eliminate,
mitigate or reduce amounts that would otherwise be payable by Borrower under
the foregoing provisions, provided that such action would not be otherwise
prejudicial to Lender or such Funding Party, including, without limitation, by
designating another of Lender’s or such Funding Party’s offices, branches or
affiliates as the lending office, branch or affiliate; Borrower hereby agreeing
to pay all reasonably incurred costs and expenses incurred by Lender or any
Funding Party in connection with any such action.

(i)            Notwithstanding
any provision to the contrary contained in this Agreement or the other Loan
Documents, Borrower shall not be required to pay, and Lender shall not be
permitted to collect, any amount of interest in excess of the maximum amount of
interest permitted by law (“Excess Interest”). If any Excess Interest is
provided for or determined by a court of competent jurisdiction to have been
provided for in this Agreement or in any of the other Loan Documents, then in
such event:  (1) the provisions of
this paragraph shall govern and control; (2) Borrower shall not be
obligated to pay any Excess Interest; (3) any Excess Interest that Lender
may have received hereunder shall be, at Lender’s option, (a) applied as a
credit against either or both of the Principal Indebtedness of the Loan or
accrued and unpaid interest thereunder (not to exceed the maximum amount
permitted by law), (b) refunded to the payor thereof, or (c) any
combination of the foregoing; (4) the interest rate(s) provided for
herein shall be automatically reduced to the maximum lawful rate allowed from
time to time under applicable law (the “Maximum Rate”), and this
Agreement and the other Loan Documents shall be deemed to have been and shall
be, reformed and modified to reflect such reduction; and (5) Borrower
shall not have any action against Lender for any damages arising out of the
payment or collection of any Excess Interest. Notwithstanding the foregoing, if
for any period of time interest on any Indebtedness is calculated at the
Maximum Rate rather than the applicable rate under this Agreement, and
thereafter such applicable rate becomes less than the Maximum Rate, the rate of
interest payable on such Indebtedness shall, to the extent permitted by law,
remain at the Maximum Rate until Lender shall have received or accrued the
amount of interest which Lender would have received or accrued during such
period on Indebtedness had the rate of interest not been limited to the Maximum
Rate during such period. If the Default Rate shall be finally determined to be
unlawful, then the Maximum Rate shall be applicable during any time when the
Default Rate would have been applicable hereunder, provided however that if the
Maximum Rate is greater than the applicable interest rate, then the foregoing
provisions of this paragraph shall apply.

 35
 

 

 

Section 2.6.            Voluntary Prepayment.

(a)           Borrower
may voluntarily prepay the Loan in whole or in part on any Business Day; provided,
that, (i) no Event of Default has occurred and is continuing, (ii) the
principal portion of any such prepayment shall be applied first to the Floating
Rate Component of the Principal Indebtedness until the Floating Rate Component
of the Principal Indebtedness is reduced to $0 and second to the Fixed Rate
Component of the Principal Indebtedness, and (iii) any such prepayment
shall be accompanied by an amount representing (1) with respect to a
prepayment of a portion of the Floating Rate Component, all accrued interest on
such portion of the Loan being prepaid through and including the end of the
applicable Interest Accrual Period for such portion during which the prepayment
occurs, (2) with respect to a prepayment of a portion of the Fixed Rate
Component, (a) all accrued interest on such portion of the Loan being
prepaid through and including the day of such prepayment or if such day is not
a Payment Date, all accrued interest through and including the end of the
applicable Interest Accrual Period in which such prepayment occurs, and (b) the
applicable Prepayment Fee, and (3) all other amounts then due under the
Loan Documents.

(b)           In
the event of any such voluntary prepayment, Borrower shall give Lender written
notice (or telephonic notice promptly confirmed in writing) of its intent to
prepay, which notice shall be given at least fifteen (15) days’ prior to the
date upon which prepayment is to be made and shall specify the Business Day on
which such prepayment is to be made and the amount of such prepayment (which,
in connection with a voluntary prepayment without release pursuant to this Section 2.6,
shall not be less than $1,000,000). If any such notice is given, the amount
specified in such notice shall be due and payable on the Business Day specified
therein (unless such notice is revoked by Borrower prior to the date specified
therein in which event Borrower shall immediately reimburse Lender for any
reasonable out-of-pocket costs incurred in connection with the giving of such
notice and its revocation).

(c)           Prepayment Consideration Due. If the Fixed Rate
Maturity Date shall be accelerated, or if any prepayment of all or any portion
of the Fixed Rate Component of the Principal Indebtedness hereunder occurs,
whether in connection with Lender’s acceleration of the unpaid Principal Indebtedness
of the Loan or in any other circumstances whatsoever, or if the Mortgage is
satisfied or released by foreclosure (whether by power of sale or judicial
proceeding), deed in lieu of foreclosure or by any other means, then the
Prepayment Fee shall become immediately due and owing and Borrower shall
forthwith pay the Prepayment Fee to Lender. The foregoing shall not create any
right of prepayment. Borrower shall have no right whatsoever to prepay all or
any portion of the Principal Indebtedness of the Note, except as set forth in
this Section 2.6 and in Section 2.7. Borrower agrees
that the Prepayment Fee required hereunder is reasonable. Borrower has given
individual weight to the consideration in this transaction for this waiver and
agreement.

(d)           Borrower
shall have the right to (i) prepay the Loan without a release of
collateral pursuant to and in accordance with Section 2.6, (ii) prepay
the Loan in connection with the release of a Mortgaged Property pursuant to and
in accordance with Sections 2.7 and 2.11 and (iii) defease
the Loan pursuant to and in accordance with Section 2.18.

 36
 

 

 

(e)           Adjustments. Borrower may request from Lender at any time an adjustment (“Adjustment”)
to the Allocated Loan Amounts following any prepayment (or a series of
prepayments) made pursuant to this Section 2.6 in an amount equal to such
prepayment (the “Adjustment Amount”) (which amount shall not be less
than $1,000,000 for each Adjustment). Upon each Adjustment, the Allocated Loan
Amount for each remaining Mortgaged Property shall be decreased in an amount
equal to the product of (A) the Adjustment Amount and (B) the
fraction, the numerator of which is the applicable Allocated Loan Amount (prior
to such Adjustment) for such Mortgaged Property and the denominator of which is
the aggregate Allocated Loan Amount (prior to such Adjustment) for all
remaining Mortgaged Properties at the time of such Adjustment. In connection
with each Adjustment, Borrower shall pay to the Lender an administrative fee of
$5,000.

Section 2.7.            Mandatory Prepayment; Capital Events; Certain
Transfers.

(a)           Intentionally
Omitted.

(b)           Intentionally
Omitted.

(c)           So
long as no Event of Default shall have occurred and be continuing, Borrower may
effect a Capital Event with respect to one or more entire individual Mortgaged
Property(ies); provided, however, that (1) any such Capital
Event shall be a sale to a bona fide Independent third party in an arm’s-length
transaction or a transfer to an Affiliate of Borrower or in connection with a
refinancing of such property or the total loss of such property due to
casualty, and (2) each Capital Event shall be consummated in accordance
with the following procedure:

(A)          Borrower shall have
given the Lender at least fifteen (15) Business Days’ prior written notice of
the Capital Event, the identity of the purchaser or transferee and the
anticipated Capital Event Proceeds; and

(B)           Borrower shall pay
to Lender the applicable Release Price and make or cause to be made the
deposits to the Collection Account referred to in Section 2.12(a)(iii);
and

(C)           Borrower shall also
pay to Lender all amounts set forth in Section 2.6(a) as if
the Capital Event were a voluntary prepayment in an amount equal to the Release
Price, as applicable; and

(D)          The amounts in
clauses (B) and (C) above shall be applied as if same were a
voluntary prepayment in accordance with Section 2.6(a) in an
amount equal to the Release Price, as applicable; and

(E)           The Debt Service
Coverage Test for the remainder of the Mortgaged Properties is satisfied (which
test may be satisfied by prepaying in accordance with Section 2.6
in an amount necessary to satisfy the Debt Service Coverage Test); and

 37
 

 

 

(F)           Borrower shall pay
for the costs of preparing and recording releases, UCC-3 releases, and
any loan modification documents, easements, declarations, and/or restrictive
covenants required by Lender, Lender’s reasonable attorneys’ fees and costs,
all survey charges and costs, all title premiums and costs, documentary stamps
incurred in connection with the release of the related Mortgaged Property in
accordance with the requirements contained herein, and all other reasonable
out-of-pocket costs, fees, and expenses incurred by Lender in connection with
the Capital Event (including attorneys’ fees); and

(G)           intentionally
omitted; and

(H)          if a Securitization
has occurred, Borrower shall deliver to Lender an opinion of counsel for
Borrower that is customary in commercial lending transactions and subject only
to normal qualifications, assumptions and exceptions opining, among other things,
that the REMIC Trust formed pursuant to any Securitization will not fail to
maintain its status as a “real estate mortgage investment conduit” within the
meaning of Section 860D of the Code as a result of the Capital Event.

(d)           Upon
payment or prepayment of the Loan in full, Borrower shall pay to Lender, in
addition to the amounts specified in Section 2.6, Section 2.7
and Section 2.12, as applicable, all other amounts then due and
payable to Lender pursuant to the Loan Documents.

(e)           Borrower
shall have the right to (i) prepay the Loan without a release of
collateral pursuant to and in accordance with Section 2.6, (ii) prepay
the Loan in connection with the release of a Mortgaged Property pursuant to and
in accordance with Sections 2.7 and 2.11 and (iii) defease
the Loan pursuant to and in accordance with Section 2.18.

Section 2.8.            Application of Payments After Event of Default. Notwithstanding
anything in any Loan Document to the contrary, after an Event of Default,
Borrower irrevocably waives the right to direct the application of any and all
payments at any time hereafter received by Lender from or on behalf of
Borrower, and Borrower irrevocably agrees that Lender shall have the continuing
exclusive right to apply any and all such payments and any and all proceeds and
recoveries from the Pledged Accounts, the Mortgaged Property or Borrower after
the occurrence and during the continuance of an Event of Default, in Lender’s
sole discretion, to the Indebtedness and other amounts then outstanding under this
Agreement in such order and manner as Lender may determine in its sole and
absolute discretion, including, without limitation, reasonable out-of-pocket
costs and expenses of Lender reimbursable pursuant to the terms of this
Agreement arising as a result of such repayment, any accrued and unpaid
interest then payable with respect to the Loan or the portion thereof being
repaid, the Principal Indebtedness, any accrued and unpaid Prepayment Fee in
respect of any such Principal Indebtedness or the portion thereof being repaid,
any other sums then due and payable to or for the benefit of Lender pursuant to
this Agreement or any other Loan Document(s), or to Property Expenses and
Capital Improvement Costs for the Mortgaged Property, or to fund Reserve Accounts.

 38
 

 

 

Section 2.9.            Method and Place of Payment. Except as otherwise
specifically provided herein, all payments and prepayments under this Agreement
and the Note shall be made to Lender not later than 12:00 p.m., Eastern
time, on the date when due and shall be made in lawful money of the United
States of America by wire transfer in federal or other immediately available
funds to its account at such bank(s) as Lender may from time to time
designate. Any funds received by Lender after such time shall, for all purposes
hereof, be deemed to have been paid on the next succeeding Business Day. Lender
shall notify Borrower in writing of any changes in the account to which
payments are to be made. All payments made by Borrower hereunder, or by
Borrower under the other Loan Documents, shall be made irrespective of, and
without any deduction for, any defenses, set-offs or counterclaims.

Section 2.10.          Taxes.

(a)           All
payments made by or on behalf of Borrower under this Agreement shall be made
free and clear of, and without deduction or withholding for or on account of,
any present or future income, stamp or other taxes, levies, imposts, duties,
charges, fees, deductions or withholdings, now or hereafter imposed, levied,
collected, withheld or assessed by any Governmental Authority (the “Tax
Liabilities”), excluding net income taxes and franchise taxes (imposed in
lieu of net income taxes) imposed on the Lender as a result of a present or
former connection between such Lender and the jurisdiction of the Governmental
Authority imposing such tax or any political subdivision or taxing authority
thereof or therein including being a citizen or resident or national of, or
carrying on a business or maintaining a permanent establishment in such
jurisdiction (other than any such connection arising solely from such Lender’s
having executed, delivered or performed its obligations or received a payment
under, or enforced, this Agreement if, at the time such Lender first became a
party to this Agreement, the applicable Governmental Authority would not have
imposed such taxes but instead such taxes are a result of a change in relevant
tax law including, but not limited to a change in the generally accepted
interpretation of existing tax law). If Borrower shall be required by law to
deduct any such Tax Liabilities (or amounts in estimation or reimbursement for
the same) from or in respect of any sum payable hereunder to Lender, then the
sum payable hereunder shall be increased (such increase, “additional amounts”)
as may be necessary so that, after making all required deductions, Lender
receives an amount equal to the sum it would have received had no such
deductions been made.

(b)           If
Lender is not a “United States person” within the meaning of Section 7701(a)(30)
of the Code (a “Foreign Lender”) Lender shall deliver to Borrower, prior
to receipt of any payment subject to withholding under the Code (or upon
accepting an assignment of an interest herein), two duly signed completed
copies of either Internal Revenue Service (“IRS”) Form W-8BEN
or any successor thereto (relating to Foreign Lender and entitling it to an
exemption from, or reduction of, withholding tax on all payments to be made to
Foreign Lender by Borrower pursuant to this Agreement) or IRS Form W-8ECI
or any successor thereto (relating to all payments to be made to Foreign Lender
by Borrower pursuant to this Agreement) or such other evidence satisfactory to
Borrower and Borrower that Foreign Lender is entitled to an exemption from, or
reduction of, U.S. withholding tax, including any exemption pursuant to Section 881(c) of
the Code. If the form W-8BEN or W-8ECI provided by Lender at the
time such Lender first becomes a party to this Agreement indicates a United
States interest withholding tax rate in excess of zero, withholding tax at such
rate shall be considered excluded 

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from Tax
Liabilities reimbursable by Borrower to Lender under Section 2.10(a) hereof,
except to the extent that such Lender’s assignor (if any) was entitled, at the
time of assignment, to receive additional amounts from Borrower pursuant to Section 2.10(a).
Thereafter and from time to time, Foreign Lender shall (i) promptly submit
to Borrower such additional duly completed and signed copies of one of such
forms (or such successor forms as shall be adopted from time to time by the
relevant United States taxing authorities) as may then be available under then
current United States laws and regulations to avoid, or such evidence as is
satisfactory to Borrower and Borrower of any available exemption from or
reduction of, United States withholding taxes in respect of all payments to be
made to Foreign Lender by Borrower pursuant to this Agreement, (ii) promptly
notify Borrower of any change in circumstances which would modify or render
invalid any claimed exemption or reduction, and (iii) take such steps as
shall not be materially disadvantageous to it, in the reasonable judgment of
such Lender, and as may be reasonably necessary (including the redesignation of
its lending office) to avoid any requirement of applicable laws that Borrower
make any deduction or withholding for taxes from amounts payable to such
Foreign Lender. Notwithstanding any other provision of this paragraph, a
Foreign Lender shall not be required to deliver any form pursuant to this
paragraph that such Foreign Lender is not legally able to deliver.

(c)           If
a Lender transfers its rights and obligations under this Agreement from its
lending office to another lending office, withholding tax (which shall be set
forth in the IRS form or forms described in this Section 2.10 provided by
such Lender to Borrower upon such transfer, taking into account the transfer)
imposed on the Lender after the transfer in excess of the rate imposed prior to
such transfer shall be deemed to be for purposes of this Agreement excluded
from Tax Liabilities reimbursable by Borrower to Lender for periods after the
transfer. This Section 2.10(c) shall not apply with respect to
a change in lending office required for the particular right or obligation as a
result of any change in, or the adoption or phase-in of, any law, rule or
regulation applicable to such Lender and occurring after the date of this
Agreement and the applicable Lender is unable, using commercially reasonable
efforts, to change such lending office to another lending office that is
subject to a lower withholding tax rate.

(d)           If
any Lender voluntarily changes its residence or place of business or takes any
other similar action, and the effect of such change or action, as of the date
thereof, would be to increase the Tax Liabilities of such Lender, the Borrower
shall not be obligated to pay any additional amounts in respect of such
increase.

(e)           If
and to the extent that a Foreign Lender sells a participating interest to a
participant which, pursuant to Section 9.9(a), seeks to obtain the
benefits of Section 2.10, then such Foreign Lender shall promptly deliver
to Borrower (i) two duly signed completed copies of the forms or
statements required to be provided by such Lender as set forth above, to
establish the portion of any such sums paid or payable with respect to which
such Lender acts for its own account that is not subject to U.S. withholding
tax, and (ii) two duly signed completed copies of IRS Form W-8IMY
(or any successor thereto), together with any information such Lender chooses
to transmit with such form, and any other certificate or statement of exemption
required under the Code, to establish that such Lender is not acting for its
own account with respect to a portion of any such sums payable to such Lender. Notwithstanding
any other 

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provision of
this paragraph, a Foreign Lender shall not be required to deliver any form
pursuant to this paragraph that such Foreign Lender is not legally able to
deliver.

(f)            For
any period with respect to which a Lender has failed to comply with the
requirements of Section 2.10(b), (e) or (h) (other than to the
extent such failure is due to a change in law, rule or regulation
occurring subsequent to the date on which a form originally was required to be
provided), Borrower shall not be required to pay additional amounts to the
Lender pursuant to this Section 2.10 with respect to Tax Liabilities
imposed as a result of such failure.

(g)           Borrower
may, without reduction, withhold any Tax Liabilities required to be deducted
and withheld from any payment under any of the Loan Documents with respect to
which Borrower is not required to pay additional amounts under this Section 2.10.

(h)           Upon
Borrower’s request, if the Lender is a “United States person” within the
meaning of Section 7701(a)(30) of the Code, Lender shall, if and to the
extent required by law, execute and deliver to Borrower an IRS Form W-9.

Section 2.11.          Release of Collateral.

(a)           Notwithstanding
any other provision of this Agreement or any other Loan Document, upon the
occurrence of a Capital Event with respect to the Mortgaged Property as
described in Section 2.7 hereof, Lender shall, simultaneously with
such Capital Event release of record the Lien of the Mortgages and UCC-1
financing statements and any other Liens in favor of Lender relating to the
Mortgaged Property or the portion thereof affected by such Capital Event; provided,
however, that (i) Lender shall not be required to release its Lien
unless all conditions and payments set forth in Section 2.7 have
been satisfied and paid and (ii) with respect to a Capital Event
consummated in accordance with this Agreement which does not result in a full
satisfaction of the Indebtedness, if the related Mortgaged Property is located
in a state that imposes mortgage recording taxes, then Lender shall, in lieu of
such release, to the extent necessary to facilitate future savings of mortgage
tax, assign at Borrower’s expense, such Liens to the new lender(s), provided
that any such assignments shall be without recourse, representation, or warranty
of any kind, except that Lender shall represent and warrant (1) the then
outstanding amount of the Principal Indebtedness and (2) that such Liens
have not been previously assigned by Lender.

(b)           In
the event Borrower satisfies the outstanding Indebtedness in full, Lender shall
withdraw and hold uninvested for Borrower in an Eligible Account at a financial
institution selected by Lender from the Business Day immediately preceding the
date upon which the release of funds is to be made to Borrower and release on
the date on which the outstanding Indebtedness is repaid in full any and all
amounts then on deposit in the Reserve Accounts and/or the Collection Account
to Borrower. Upon repayment of the Loan and all other amounts due hereunder and
under the Loan Documents in full in accordance with the terms hereof and
thereof, Lender shall, promptly after such payment, release or cause to be
released all Liens with respect to all Collateral (including, without
limitation, terminating the tenant direction letters delivered pursuant to Section 2.12(a))
or, to the extent necessary to facilitate future savings of mortgage tax in
states that impose mortgage taxes, assign at Borrower’s expense, such 

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Liens to
Borrower’s new lender(s), provided that any such assignments shall be without
recourse, representation, or warranty of any kind, except that Lender shall
represent and warrant (1) the then outstanding amount of the Principal
Indebtedness and (2) that such Liens have not been previously assigned by
Lender.

Section 2.12.          Central Cash Management.

(a)           Local
Collection Accounts; Collection Account; Deposits to and Withdrawals from the
Collection Account.

(i)            On
or before the Closing Date, Lender shall (1) establish on behalf of the
Borrower and maintain with the Collection Account Bank a collection account
(the “Collection Account”), which shall be an Eligible Account with a
separate and unique identification number in the name of Lender, as secured
party, or, at Lender’s option, in the name of Borrower for the benefit of
Lender, as secured party, and (2) cause the Collection Account Bank to
deliver to Lender the Collection Account Agreement in form and substance
reasonably acceptable to Lender acknowledging Lender’s security interest in and
sole dominion and control over the Collection Account. On or before the Closing
Date, Borrower may (x) establish and maintain with one or more financial
institutions acceptable to Lender in its sole reasonable discretion
(individually each, and collectively, the “Local Collection Account Bank”),
one or more local collection accounts for the Mortgaged Property (individually
each, and collectively, the “Local Collection Account”) and one or more
accounts for security deposits for the Mortgaged Property (individually each,
and collectively, the “Security Deposit Account”), each of which shall
be an Eligible Account with a separate and unique identification number and
entitled in the same name as the Collection Account and (y) cause each
Local Collection Account Bank to deliver to Lender a Local Collection Account
Agreement in form and substance reasonably acceptable to Lender acknowledging
Lender’s security interest in and sole dominion and control over each Local
Collection Account and Security Deposit Account; provided that Borrower may
deposit, hold and administer security deposits from that portion of the
Mortgaged Property, if any, located in North Carolina in a Security Deposit
Account maintained with a financial institution with a North Carolina branch
reasonably acceptable to Lender, which, it is understood, may not execute a
Local Collection Account Agreement, although Borrower shall make commercially
reasonable efforts to obtain such financial institution’s execution and
delivery of a Local Collection Account Agreement. Borrower has deposited
$1,526,902 in the Security Deposit Account. On the Closing Date, Lender shall establish on behalf of
Borrower and maintain with the Collection Account Bank a separate account for
Master Lease Deposits (the “Master Lease Deposit Account”), which shall
be an Eligible Account and shall have the same title as the Collection Account,
for the benefit of the Lender until the Loan is paid in full. Borrower has
deposited $568,837 in the Master Lease Deposit Account, which represents the
Master Lease Deposits as of the Closing Date. Subject to Section 2.12(a)(ii),
Borrower shall

(A)          deposit or cause the
Manager to deposit in the Security Deposit Account not less than one time
during each calendar month all security deposits in the form of Money received
from the tenants since the date of the previous deposit (or in the case of the
initial deposit, since the Closing Date),

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(B)           deposit or cause the
Manager to deposit in the Collection Account or Local Collection Account, all
Rents and Money received from Accounts or under Leases and derived from the
Mortgaged Property and all Proceeds thereof, in each case on each Business Day
following the collection and receipt thereof during the first seven (7) Business
Days of each calendar month and not less than once during each calendar week of
such month commencing after such seventh (7th) day, and

(C)           sweep or cause to be
swept by each Local Collection Account Bank all Money on deposit in the Local
Collection Account in excess of $25,000 (which the Local Collection Account
Bank shall be entitled to use to offset any returned items) to the Collection
Account on each Business Day for the first eleven (11) days of each calendar
month and not less than once during each calendar week of such month commencing
after such eleventh (11th) day.

Borrower shall not have any right to withdraw
Money from the Local Collection Account, the Security Deposit Account, the
Master Lease Deposit Account or the Collection Account, which shall be under
the sole dominion and control, and the “control” within the meaning of Sections
9-104 and 9-106 of the UCC, of Lender; provided, that
notwithstanding the foregoing, so long as an Event of Default has not occurred
and is not continuing (or if an Event of Default has occurred and is continuing
but Borrower is required to return the security deposit in accordance with
applicable Legal Requirements), Borrower may instruct the Local Collection
Account Bank to withdraw from the Security Deposit Account security deposits in
order to satisfy Borrower’s obligations to return the same to tenants entitled
to them under and in accordance with the Leases. Any disbursement of Master Lease Deposits
shall in each case be subject to Lender’s prior approval and direction,
provided that Lender shall authorize, upon Borrower’s request made not more
frequently than on a monthly basis, disbursements reflecting any reduction in
Master Lease Deposits to which the tenant under the applicable Master Homesite
Lease Agreement documentation is entitled. In the event of a Lease
default or other occurrence whereby Borrower, as landlord, shall become
entitled to retain any security deposits or apply the same to amounts owed
under the applicable Lease, any such security deposits so retained and/or
applied by Borrower shall, upon such retention or application, be transferred
from the Security Deposit Account to the Local Collection Account or the
Collection Account and treated in the same manner as Rents. Any such Rents,
Money or Proceeds held by Borrower or the Manager prior to deposit into the
Local Collection Account shall be held in trust for the benefit of Lender. Borrower
shall be responsible for the payment of all costs and expenses in connection
with establishing and maintaining the Collection Account, the Local Collection
Account, the Security Deposit Account and the Reserve Accounts (including,
without limitation, Collection Account Bank’s and Local Collection Account Bank’s
fees and charges) and shall reimburse Lender upon demand for any such costs or
expenses incurred by Lender.

(ii)           In the event that any Event of Default has occurred and is
continuing,

(A)          upon request of
Lender, Borrower shall deliver to each tenant under a Lease an irrevocable
direction letter in a form approved by Lender requiring the tenant to pay all
Rents and other Money under Leases, and any Money received from Accounts or
otherwise derived from the Mortgaged Property and Proceeds 

 43
 

 

 

thereof owed
to Borrower directly to the Collection Account or (if Lender elects) a Local
Collection Account and shall deliver an irrevocable direction letter in such
form to each tenant under a new Lease entered into thereafter prior to the
commencement of such Lease,

(B)           upon request of
Lender, all Rents and Money received from Accounts or under Leases and derived
from the Mortgaged Property and all Proceeds thereof shall be payable to Lender
or as otherwise directed by Lender,

(C)           if a tenant under a
Lease forwards any Rents, Money or Proceeds to Borrower or Manager rather than
directly to the Collection Account or applicable Local Collection Account,
Borrower shall (i) if the Lender has made the request referred to in Section 2.12(a)(ii)(A) above,
deliver an additional irrevocable direction letter to the tenant and make other
commercially reasonable efforts to cause the tenant to thereafter forward such
Rents, Money or Proceeds directly to the Collection Account or (if Lender
elects) a Local Collection Account, and (ii) immediately deposit or cause
the Manager to deposit in the Collection Account any such Rents, Money or
Proceeds received by Borrower or Manager,

(D)          Borrower shall not
have any right to make or direct any withdrawals from the Collection Account or
the Reserve Account without the prior written consent of Lender (it being
understood and agreed that Borrower may continue to make withdrawals from the
Security Deposit Account as described above), and

(E)           any and all funds on
deposit in the Collection Account and the Reserve Accounts may be allocated by
Lender in its sole discretion for the payment of the Indebtedness pursuant to Section 2.8
of this Agreement.

(iii)          Borrower
shall deposit in the Collection Account: 
(a) as and when required by Sections 5.1(x) and (y),
Loss Proceeds received by Borrower and (b) simultaneously with the
consummation of any Capital Event, if the related Capital Event Proceeds are
less than the related Release Price, any Borrower Release Price Contribution
necessary in connection with such Capital Event in order to pay the Release
Price for a Capital Event of an individual Mortgaged Property or group of
Mortgaged Properties.

(b)           Distribution
of Cash. So long as an Event of Default has not occurred and is not
continuing (and thereafter at Lender’s sole option and discretion), Lender
shall apply funds on deposit in the Collection Account (to the extent not held
in Reserve Accounts constituting sub-accounts of the Collection Account, if
any, and with the exception of Capital Event Proceeds and Loss Proceeds, which
shall be applied as provided in Section 2.7 of this Agreement) on
each Payment Date, to the extent of the amounts set forth in the related
Payment Date Statement delivered by Lender or its servicer, as follows:

(i)            first,
to the Real Estate Taxes Escrow Account and the Insurance Escrow Account, in
that order, in the respective amounts required to be deposited therein as
described in Section 2.13(b);

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(ii)           second,
to the payment to Lender of (i) the interest then due and payable on the
Note with respect to the related Interest Accrual Period, (ii) the
Prepayment Fee, if any, then due and payable and (iii) the Principal
Indebtedness in an amount equal to the sum of (1) if a Capital Event of an
individual Mortgaged Property(ies) occurred since the prior Payment Date, the
related Release Price plus (2) any Loss Proceeds to which the Lender is
then entitled pursuant to this Agreement plus (3) the amount of any
prepayment in accordance with this Agreement;

(iii)          third,
to the payment to Lender of any expenses then due and payable to Lender or its
servicer(s) pursuant to this Agreement or the other Loan Documents;

(iv)          fourth,
to the Replacement Reserve Account in the amount required to be deposited
therein as described in Section 2.13(a);

(v)           fifth,
to the payment of any outstanding indemnification payment to which an
Indemnified Party is then entitled pursuant to Sections 5.1(i) and 5.1(j),
and any other amounts then due and payable to Lender pursuant to this Agreement
and the other Loan Documents which are not paid from applications under clause (ii) or
(iii) above;

(vi)          sixth,
to the Master Lease Deposit Account in the amount required to be deposited
therein as described in Section 2.13(c);

(vii)         seventh,
to the Prepaid Rent Account in the amount required to be deposited therein as
described in Section 2.13(d);

(viii)        eighth,
if no Event of Default exists, to Borrower in an amount equal to remaining
available funds, if any; provided, that if any Event of Default exists,
no disbursement shall be made under this clause eighth; and

(ix)           ninth,
if any Event of Default exists, then to the extent Lender has not made other
application of such remaining available funds in Lender’s discretion as
provided hereunder, all remaining available funds shall be allocated as
determined by Lender in Lender’s sole and absolute discretion (and re-allocated
from time to time as Lender may elect) and/or, at Lender’s option, in any
Lender-controlled account.

(c)           Permitted
Investments. Lender shall direct the investment and reinvestment of any
balance in the Collection Account, from time to time in Permitted Investments
and all such Permitted Investments shall be held in the name of Lender or its
servicer and shall be credited to the Collection Account.

Lender shall have no liability for any loss
in investments of funds in the Collection Account that are invested in
Permitted Investments and no such loss shall affect Borrower’s obligation to
fund, or liability for funding, the Collection Account. All interest paid or
other earnings on the Permitted Investments of funds deposited into the
Collection Account made hereunder shall be deposited into the Collection
Account. Borrower shall include all earnings on the Collection Account as
income of Borrower for federal and applicable state tax purposes.

 

 45

 

 

(d)           Monthly
and Payment Date Statements. With respect to each Payment Date, Lender or
its servicer shall prepare and deliver, or shall cause to be prepared and
delivered, to Borrower and Lender a statement no later than ten (10) Business
Days after each Payment Date setting forth the aggregate deposits to and
withdrawals from the Collection Account and each Reserve Account and the
opening and closing balances in such accounts (collectively, the “Monthly
Collection Account Statement”). With respect to each Payment Date and the
related Interest Accrual Period, Lender or its servicer shall prepare and
deliver, or shall cause to be prepared and delivered to Borrower and Lender, a
statement (each, a “Payment Date Statement”) no later than the Business
Day prior to such Payment Date with respect to each of the items below, setting
forth the following:

(i)            the
aggregate deposits to the Collection Account since the previous Payment Date
for each type of deposit under this Agreement and the opening and closing
balances in the Collection Account;

(ii)           the
amount of interest then due and payable on the Note with respect to the
Interest Accrual Period (including the applicable number of days and interest
rate which were applied in determining such amount);

(iii)          the
amount of the Prepayment Fee, if any, then due and payable;

(iv)          the
amount of any expenses payable to Lender and any outstanding indemnification
payment to which an Indemnified Party is then entitled under this Agreement;

(v)           the
following information with respect to the Principal Indebtedness in a format
reasonably acceptable to Lender:  (1) the
Principal Indebtedness as of the preceding Payment Date, (2) any principal
payable to Lender pursuant to Sections 2.6, 2.7  or  2.12
on such Payment Date, and (3) the Principal Indebtedness on the current
Payment Date (taking into account such payments); and

(vi)          the
amount withdrawn from or remitted to each account of the Reserve Account in
accordance with Sections 2.12 and 2.13 and the amount remitted to
Borrower.

(e)           Intentionally
Omitted.

(f)            Loss
Proceeds. In the event of a casualty or Taking with respect to the
Mortgaged Property, unless pursuant to Section 5.1(x) of this
Agreement, the Loss Proceeds are to be made available to Borrower for
Restoration, all of Borrower’s interest in Loss Proceeds shall be paid directly
to the Collection Account, provided, however, that if the amount of such Loss
Proceeds is less than $10,000.00, and the Borrower promptly undertakes the
necessary repairs, then said Loss Proceeds shall not be required to be
deposited in the Collection Account. If the Loss Proceeds are to be made
available for Restoration pursuant to this Agreement, such Loss Proceeds shall
be held by Lender in a segregated interest-bearing Eligible Account in the name
of Lender and under the sole dominion and control of Lender to be opened (if
not previously opened and maintained by the Collection Account Bank under the
Collection Account 

 46
 

 

 

Agreement by
the Lender) by Lender at a financial institution selected by Lender (the “Loss
Proceeds Account”). Funds on deposit in the Loss Proceeds Account shall be
invested in Permitted Investments in the same manner and subject to the same
restrictions as set forth in Section 2.12(c) with respect to
the Collection Account (except that the maturity shall be not later than as
necessary to satisfy any schedule of distributions for Restoration required or
approved by Lender). If any Loss Proceeds are received by Borrower, such Loss
Proceeds shall be received in trust for Lender, shall be segregated from other
funds of Borrower, and shall be forthwith paid to Lender to the extent
necessary to comply with this Agreement.

Section 2.13.          Reserve Accounts.

(a)           Environmental Reserve Account and Replacement Reserve
Account.

(i)            On
or before the Closing Date, Lender shall establish on behalf of the Borrower
and maintain with the Collection Account Bank two separate accounts for
environmental work and replacement reserves, each of which shall be an Eligible
Account and shall have the same title as the Collection Account, for the
benefit of Lender until the Loan is paid in full or, with respect to the
Environmental Reserve Account, until all funds have been released in accordance
with the provisions of Section 2.13(a)(ii). The two accounts shall
be designated the “Environmental Reserve Account” (the “Environmental
Reserve Account”) and the “Replacement Reserve Account” (the “Replacement
Reserve Account”). On the Closing Date, Lender shall deposit out of the
Loan proceeds $520,000 in the Environmental Reserve Account and $62,208 in the
Replacement Reserve Account. On each Payment Date, commencing with the September 2006
Payment Date, Borrower shall deposit from the Collection Account (or if the
funds for such deposit are not available pursuant to Section 2.12(b),
shall make an additional deposit of Borrower’s funds sourced from equity
capital contributions) to the Replacement Reserve Account, of an amount equal
to the Replacement Reserve Deposit Amount until the amount on deposit in the
Replacement Reserve Account equals the Replacement Reserve Threshold Amount for
the initial time. During the period commencing on the September 2006
Payment Date when such deposits are being made to the Replacement Reserve
Account until the funds on deposit therein equal the Replacement Reserve
Threshold Amount for the initial time, no withdrawals may be made from the
Replacement Reserve Account. After the amount on deposit in the Replacement
Reserve Account equals the Replacement Reserve Threshold Amount for the initial
time, the Borrower may request withdrawals from the Replacement Reserve Account
pursuant to the procedure set forth in Section 2.13(a)(iii) below.
In the event following such withdrawal, the amount on deposit in the
Replacement Reserve Account shall be less than the Replacement Reserve
Threshold Amount then on each subsequent Payment Date Borrower shall deposit
from the Collection Account (or if the funds for such deposit are not available
pursuant to Section 2.12(b), shall make an additional deposit of
Borrower’s funds sourced from equity capital contributions) to the Replacement
Reserve Account, of an amount equal to the Replacement Reserve Deposit Amount
until the amount on the deposit in the Replacement Reserve Account once again
equals the Replacement Reserve Threshold Amount (following which event the
Borrower shall once again not be obligated to make deposits to the Replacement
Reserve Account).

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(ii)           Upon
completion at each Mortgaged Property listed on Schedule 1 hereto of any necessary environmental investigations
and/or remediation and delivery to Lender of a letter (an “NFA Letter”) or
other written documentation from the applicable state or, if applicable,
designee of the state (such as a licensed environmental professional)
confirming that no further action is required to achieve regulatory closure
with respect to the environmental matters identified in the applicable
Environmental Report for such Mortgaged Property delivered to Lender in
connection with the Closing of the Loan (the “Environmental Work”) (or, if it
is not the custom or practice of the applicable state to issue such letter or
documentation under such circumstances, the requirement for delivery of an NFA
Letter shall be deemed satisfied by delivery of an unqualified Environmental
Report issued by an environmental consultant which is reasonably satisfactory
to Lender in accordance with the Prudent Lender Standard evidencing that no
further action is necessary or appropriate to achieve compliance with
applicable state requirements). Borrower shall be entitled to withdraw from the
Environmental Reserve Account the full amount set forth for such Mortgaged
Property on Schedule 1, provided that (a) no Event of Default has
occurred and is continuing, and (b) Lender shall receive an Officer’s Certificate
of the Borrower (A) stating that the funds to be disbursed will be used to
pay invoices incurred in the performance of the Environmental Work at such
Mortgaged Property or to reimburse Borrower for payments made in respect of the
performance of such Environmental Work, (B) stating
that all conditions in this Section 2.13(a)(ii) in respect of
the withdrawal of such amounts have been satisfied for the relevant Mortgaged
Property for which such amount is being requested, and (C) stating
that the work related thereto has been completed on a lien-free basis. In the
event Borrower complies with the conditions for release in this
clause (ii), Lender shall disburse the amount set forth in Schedule 1
relating to the applicable Mortgaged Property to Borrower (and if all items on Schedule 1
have been addressed, and no Event of Default is continuing, Lender shall
disburse all remaining amounts in the reserve).

(iii)          Subject
to the provisions of Section 2.13(a)(i), any and all Moneys
remitted to the Replacement Reserve Account, together with any Permitted
Investments in which such Moneys are or will be invested or reinvested during
the term of this Agreement, shall be held in the Replacement Reserve Account to
be withdrawn by Lender upon written request of Borrower made not more than once
each month in an amount not less than $10,000, and applied to reimburse
Borrower for Capital Improvement Costs (other than those for Environmental
Work) reasonably approved by Lender for disbursements from the Replacement Reserve
(“Approved Capital Expenditures”), provided that (a) no Event of
Default has occurred and is continuing, and (b) Lender shall receive an
Officer’s Certificate of the Borrower stating that (A) the funds to be
disbursed will be used to pay invoices or other charges which constitute
Capital Improvement Costs, and (B) the work related thereto has been
completed on a lien-free basis, and provided further that funds in the
Replacement Reserve Account shall not be used by Borrower for purposes for
which any other Reserve Account is established.

(b)           Real
Estate Taxes Escrow Account and Insurance Escrow Account. On or before the
Closing Date, Lender shall on behalf of the Borrower establish and maintain
with the Collection Account Bank two separate accounts for Basic Carrying
Costs, each of which shall be an Eligible Account and shall have the same title
as the Collection Account for the benefit of Lender until the Loan is paid in
full. The two accounts shall be designated the “Real Estate Taxes Escrow
Account” (the “Real Estate Taxes Escrow Account”) and the “Insurance
Escrow Account” (the “Insurance Escrow Account”). On the Closing Date,
the 

 48
 

 

 

Lender shall
deposit out of the Loan proceeds $857,057 in the Real Estate Taxes Escrow
Account and $204,078 in the Insurance
Escrow Account (i.e., one-half of the insurance premiums allocable to the
Mortgaged Properties and payable to maintain all insurance policies required
under the Loan Documents over the succeeding 12-month period). With
respect to each Payment Date, Borrower shall deposit from the Collection
Account (or, if the funds for such deposit are not available pursuant to Section 2.12(b),
shall make an additional deposit of Borrower’s funds sourced from equity
capital contributions),

(i)            an
amount equal to (1/12th) one-twelfth of the annual real estate taxes and any
other Impositions that if not paid in a timely manner will result in a Lien on
a Mortgaged Property in the Real Estate Taxes Escrow Account; and

(ii)           an
amount necessary to maintain the amount deposited on the Closing Date in the
Insurance Escrow Account, and premiums for any additional insurance policies
required under any of the other Loan Documents, in the Insurance Escrow Account
such that the amount in such account equals or exceeds one-half of the insurance
premiums allocable to the Mortgaged Properties and payable to maintain all
insurance policies required under the Loan Documents over the succeeding
12 month period.

Any and all Moneys remitted to the Real
Estate Taxes Escrow Account shall be held in the Real Estate Taxes Escrow
Account to be withdrawn from the Real Estate Taxes Escrow Account by Lender or
its servicer upon written request of Borrower delivered to Lender and its
servicer at least 5 days prior to any Imposition becoming delinquent, together
with an Officer’s Certificate stating the amount of funds required and that the
funds will be used to reimburse Borrower for payments of Impositions already
paid by Borrower. Provided no Event of Default is continuing, and Borrower
attaches to such certificate reasonable evidence that the requested amounts
have been paid, Lender shall release the requested funds to Borrower from the
Real Estate Taxes Escrow Account, to the extent funds are available therein. In
the event Borrower fails to comply with the foregoing provisions of this Section 2.13(b) (including
timely submitting the required certificate), Lender shall have the right, but
no obligation, to pay any or all Impositions directly, and shall have no
liability to Borrower for any failure to pay or take any other action or
inaction with respect thereto or in connection therewith. In the event the
amount on deposit in the Real Estate Taxes Escrow Account exceeds the amount
due for Impositions by more than one-twelfth (1/12th) of the annual real estate
taxes, Lender or its servicer shall in its sole discretion credit such excess
against future payment obligations to the Real Estate Taxes Escrow Account.

Provided no
Event of Default is continuing, and Borrower provides reasonable evidence that
the Insurance Escrow Account is over-funded based on then current insurance
premiums and the formula set forth in clause (ii) above, Lender shall
release the amount by which the Insurance Escrow Account is overfunded from the
Insurance Escrow Account, to the extent available therein.

(c)           Master
Lease Deposit Account. On any Payment Date as of which the most recent
Monthly Statement indicates that the amount of the Master Lease Deposits
exceeds the amount of funds on deposit in the Master Lease Deposit Account, Lender
shall deposit or cause to be deposited in the Master Lease Deposit Account
pursuant to clause sixth of Section 2.12(b) an amount equal to
the positive difference, if any, between the amount of Master 

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Lease Deposits
indicated in the Monthly Statement and the amount then on deposit in the Master
Lease Deposit Account. On any Payment Date as of which the most recent Monthly
Statement indicates that the amount of funds on deposit in the Master Lease
Deposit Account exceeds the amount of Master Lease Deposits indicated in the
Monthly Statement, the Lender shall withdraw from the Master Lease Deposit
Account and transfer to the Collection Account the positive difference between
the amount on deposit in the Master Lease Deposit Account and such amount of Master
Lease Deposits contained in the most recent Monthly Statement to be applied
together with the other collections from the Mortgaged Properties pursuant to Section 2.12(b) on
such Payment Date.

(d)           Prepaid
Rent Account. On or before the Closing Date, Lender shall on behalf of the
Borrower establish and maintain with the Collection Account Bank an account for
the remittance of prepaid Rent designated the Prepaid Rent Account (the “Prepaid
Rent Account”) which shall be an Eligible Account and shall have the same
title as Collection Account for the benefit of the Lender until the Loan is
paid in full. At least five (5) Business Days prior to the first Payment
Date, Borrower will provide to Lender a certified prepaid rent roll in the form
attached as Schedule 9 showing the amount of prepaid Rent held by Borrower, and
the amount of the prepaid Rent deposited in the Prepaid Rent Account shall be
adjusted accordingly on the first Payment Date, by a transfer of funds between
the Collection Account and the Prepaid Rent Account. On any Payment Date as of
which the most recent Monthly Statement indicates that the prepaid Rent exceeds
$100,000, Lender shall deposit or cause to be deposited in the Prepaid Rent
Account pursuant to clause seventh of Section 2.12(b) an amount
equal to the positive difference, if any, between the amount indicated in the
Monthly Statement and the amount then on deposit in the Prepaid Rent Account. On
any Payment Date as of which the most recent Monthly Statement indicates that
the prepaid Rent exceeds $100,000 but is less than the amount then on deposit
in the Prepaid Rent Account, the Lender shall withdraw from the Prepaid Rent
Account and transfer to the Collection Account the positive difference between
the amount on deposit in the Prepaid Rent Account and such amount contained in
the most recent Monthly Statement to be applied together with the other
collections from the Mortgaged Properties pursuant to Section 2.12(b) on
such Payment Date. On any Payment Date as of which the most recent Monthly
Statement indicates that the prepaid Rent which was previously in excess of
$100,000 has been reduced below $100,000, the Lender shall withdraw from the
Prepaid Rent Account and transfer to the Collection Account the entire amount
of funds then on deposit in the Prepaid Rent Account to be applied together
with the other collections from the Mortgaged Properties pursuant to Section 2.12(b) on
such Payment Date.

(e)           Investment
of Funds. All or a portion of any Moneys in the Reserve Accounts shall be invested
and reinvested in a Permitted Investment selected by Lender. All interest paid
or other earnings on the Permitted Investments of funds deposited into the
Reserve Accounts made hereunder shall be deposited into the Reserve Accounts. Lender
shall have no liability for any loss in investments of funds in any Reserve
Account that are invested in Permitted Investments and no such loss shall
affect Borrower’s obligation to fund, or liability for funding, the Reserve
Accounts. Unless and until title to the funds therein shall have vested in any
Person other than Borrower, Borrower shall include all such income or gain on
any account of the Reserve Account as income of Borrower for federal and
applicable state tax purposes.

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(f)            Event
of Default. After an Event of Default has occurred and is continuing,
Borrower shall not be permitted to make any withdrawal(s) from any Pledged
Accounts and Lender may liquidate any Permitted Investments of the amount on
deposit in such account, withdraw and use such amount on deposit in the Pledged
Accounts to make payments on account of the Indebtedness or otherwise as
provided in Section 2.8. Without in any way limiting the foregoing
or Lender’s rights and remedies upon an Event of Default, and subject to Lender’s
direction otherwise from time to time, in whole or in part, in Lender’s sole
and absolute discretion, after and during the continuance of an Event of
Default Lender may direct the Collection Account Bank or the Local Collection
Account Bank to disburse to Lender or allocate all available funds on deposit
in the Pledged Accounts to:  (a) any
debt service or other Indebtedness due under this Loan Agreement or the other
Loan Documents; (b) any Reserve Account established under this Loan
Agreement; (c) otherwise as a reserve for Property Expenses, Capital
Improvement Costs, Impositions and other expenditures relating to the use,
management, operation or leasing of the Mortgaged Property; and/or (d) any
costs and expenses incurred by Lender in connection with such Event of Default,
or expended by Lender to protect or preserve the value of the Mortgaged
Property.

Section 2.14.          Additional Provisions Relating to
the Pledged Accounts.

(a)           Borrower
covenants and agrees that:  (i) all
securities or other property underlying any financial assets credited to any
Pledged Account shall be registered in the name of Lender, indorsed to Lender
or indorsed in blank or credited to another securities account maintained in
the name of Lender and in no case will any financial asset credited to any
Pledged Account be registered in the name of Borrower, payable to the order of
Borrower or specially indorsed to Borrower except to the extent the foregoing
have been specially indorsed to Lender or in blank; and (ii) all Permitted
Investments and all other property delivered to Lender pursuant to this
Agreement will be promptly credited to one of the Pledged Accounts.

(b)           Borrower
hereby agrees that each item of property (whether investment property,
financial asset, security, instrument, cash or otherwise) credited to any
Pledged Account shall be treated as a “financial asset”  within the meaning of Section 8-102(a)(9) of
the UCC.

(c)           Borrower
acknowledges and agrees that the Collection Account Bank and Local Collection
Account Bank shall comply with all “entitlement orders” (i.e. an order
directing transfer or redemption of any financial asset relating to a Pledged
Account, and any “entitlement order” as defined in Section 8-102(a)(8) of
the UCC) and instructions (including any “instruction” within the meaning of Section 9-104
of the UCC) originated by Lender without further action or consent by Borrower,
Manager or any other Person.

(d)           Regardless
of any provision in any other agreement, for purposes of the UCC, with respect
to each Pledged Account, New York shall be deemed to be the bank’s jurisdiction
(within the meaning of Section 9-304 of the UCC) and the securities
intermediary’s jurisdiction (within the meaning of Section 8-110 of
the UCC). The Pledged Accounts shall be governed by the laws of the State of
New York.

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(e)           Except
for the claims and interest of Lender and of Borrower in the Pledged Accounts,
Borrower represents and warrants that it does not know of any Lien on or claim
to, or interest in, any Pledged Account or in any “financial asset” (as defined
in Section 8-102(a) of the UCC) credited thereto. If any Person
asserts any Lien, encumbrance or adverse claim (including any writ,
garnishment, judgment, warrant of attachment, execution or similar process)
against the Pledged Accounts or in any financial asset carried therein,
Borrower will promptly notify Lender thereof and shall indemnify, defend and
hold Lender and each of the Indemnified Parties harmless from and against any
such Lien, encumbrance or claim.

Section 2.15.          Security Agreement.

(a)           Pledge
of Pledged Accounts. To secure the full and punctual payment and
performance of all of the Indebtedness, Borrower hereby assigns, conveys,
pledges and transfers to Lender, as secured party, and grants Lender a first
and continuing security interest in and to, the following property, whether now
owned or existing or hereafter acquired or arising and regardless of where
located (collectively, the “Account Collateral”):

(i)            all
of Borrower’s right, title and interest in the Pledged Accounts and all Money
and Permitted Investments, if any, from time to time deposited or held in the
Pledged Accounts or purchased with funds or assets on deposit in the Pledged
Accounts;

(ii)           all
of Borrower’s right, title and interest in interest, dividends, Money,
Instruments and other property from time to time received, receivable or
otherwise payable in respect of, or in exchange for, any of the foregoing until
such time as such items are disbursed from the Pledged Accounts; and

(iii)          to
the extent not covered by clause (i) or (ii) above, all
Proceeds of any or all of the foregoing until such time as such items are
disbursed from the Pledged Accounts.

Lender and
Collection Account Bank and Local Collection Account Bank, each as agent for
Lender, shall have with respect to the foregoing collateral, in addition to the
rights and remedies herein set forth, all of the rights and remedies available
to a secured party under the UCC, as if such rights and remedies were fully set
forth herein.

(b)           Covenants;
Sole Dominion and Control. So long as any portion of the Indebtedness is
outstanding, Borrower shall not open any account other than the Local
Collection Account for the deposit of Rents or Money received from Accounts or
under Leases (except for an account into which Master Lease Rents are first
deposited prior to transfer to the Local Collection Account) and derived from
the Mortgaged Property and all Proceeds to pay amounts owing hereunder, other
than any account for amounts required by law to be segregated by Borrower. Borrower
shall not have any right to withdraw Money from the Pledged Accounts. Borrower
acknowledges and agrees that the Pledged Accounts are and shall at all times
continue to be subject to and under the sole dominion and control, and the “control”
within the meaning of Sections 9-104 and 9-106 of the UCC, of
Lender. Notwithstanding anything set forth herein to the contrary, neither
Borrower nor Manager nor any other person or entity, through or under Borrower,
shall have any control over the use of, or any right to withdraw any amount
from, any 

 52
 

 

 

Pledged
Accounts, and Borrower acknowledges that the Collection Account Bank and the
Local Collection Account Bank shall comply with all instructions originated by
Lender without further consent by Borrower. Borrower acknowledges and agrees
that the Collection Account Bank and Local Collection Account Bank shall comply
with the instructions of Lender with respect to the Pledged Accounts without
the further consent of Borrower or Manager. The Account Collateral shall be
subject to such applicable laws, and such applicable regulations of the Board
of Governors of the Federal Reserve System and of any other banking authority
or Governmental Authority, as may now or hereafter be in effect, and to the
rules, regulations and procedures of the financial institution where the
Account Collateral is maintained relating to demand deposit accounts generally
from time to time in effect.

(c)           Financing
Statements; Further Assurances. Borrower hereby irrevocably authorizes Lender
at any time and from time to time to file any financing statements or
continuation statements, and amendments to financing statements, in any
jurisdictions and with any filing offices as Lender may determine, in its sole
discretion, are necessary or advisable to perfect the security interests
granted to Lender in connection herewith. Such financing statements may
describe the collateral in the same manner as described in any security
agreement or pledge agreement entered into by the parties in connection
herewith or may contain an indication or description of collateral that
describes such property in any other manner as Lender may determine, in its
sole discretion, is necessary, advisable or prudent to ensure the perfection of
the security interest in the collateral granted to Lender in connection
herewith, including, without limitation, describing such property as “all
assets” or “all personal property” of Borrower whether now owned or hereafter
acquired. From time to time, at the expense of Borrower, Borrower shall
promptly execute and deliver all further instruments, and take all further
action, that Lender may reasonably request, in order to continue the perfection
and protection of the pledge and security interest granted or purported to be
granted hereby.

(d)           Transfers
and Other Liens. Borrower shall not sell or otherwise dispose of any of the
Account Collateral other than pursuant to the terms of this Agreement and the
other Loan Documents, or create or permit to exist any Lien upon or with
respect to all or any of the Account Collateral, except for the Lien granted to
Lender under or as contemplated by this Agreement.

(e)           No
Waiver. Every right and remedy granted to Lender under this Agreement or by
law may be exercised by Lender at any time and from time to time, and as often
as Lender may deem it expedient. Any and all of Lender’s rights with respect to
the pledge of and security interest in the Account Collateral granted hereunder
shall continue unimpaired, and to the extent permitted by law, Borrower shall
be and remain obligated in accordance with the terms hereof, notwithstanding (i) any
proceeding of Borrower under the United States Bankruptcy Code or any
bankruptcy, insolvency or reorganization laws or statutes of any state, (ii) the
release or substitution of Account Collateral at any time, or of any rights or
interests therein or (iii) any delay, extension of time, renewal,
compromise or other indulgence granted by Lender in the event of any Default
with respect to the Account Collateral or otherwise hereunder. No delay or
extension of time by Lender in exercising any power of sale, option or other
right or remedy hereunder, and no notice or demand which may be given to or
made upon Borrower by Lender, shall constitute a waiver thereof, or limit,
impair or prejudice Lender’s right, without 

 53
 

 

 

notice or
demand, to take any action against Borrower or to exercise any other power of
sale, option or any other right or remedy.

(f)            Lender
Appointed Attorney-In-Fact. Borrower hereby irrevocably constitutes and
appoints Lender as Borrower’s true and lawful attorney-in-fact, with full power
of substitution, at any time after the occurrence and during the continuation
of an Event of Default, to execute, acknowledge and deliver any instruments and
to exercise and enforce every right, power, remedy, option and privilege of
Borrower with respect to the Account Collateral, and do in the name, place and
stead of Borrower, all such acts, things and deeds for and on behalf of and in
the name of Borrower with respect to the Account Collateral, which Borrower
could or might do or which Lender may deem necessary or desirable to more fully
vest in Lender the rights and remedies provided for herein with respect to the
Account Collateral and to accomplish the purposes of this Agreement. The
foregoing powers of attorney are irrevocable and coupled with an interest and
shall terminate upon repayment of the Indebtedness in full.

(g)           Continuing
Security Interest; Termination. This Section 2.15 shall create
a continuing pledge of and security interest in the Account Collateral and
shall remain in full force and effect until payment in full by Borrower of the
Indebtedness. Upon payment in full by Borrower of the Indebtedness, Lender
shall return to Borrower such of the Account Collateral as shall not have been
applied pursuant to the terms hereof, and shall execute such instruments and
documents as may be reasonably requested by Borrower to evidence such
termination and the release of the pledge and lien hereof.

Section 2.16.          Mortgage Recording Taxes. The Lien to be created by
the Mortgages is intended to encumber the Mortgaged Property to the full extent
of the Loan Amount; provided, that, notwithstanding the foregoing, with
respect to any Mortgaged Property located in a state that imposes mortgage
recording taxes where the imposition of a lower amount would allow tax savings
to the Borrower, the Lien to be created by the related Mortgage is intended to
encumber the Mortgaged Property in an amount acceptable to the Lender which amount
shall in no event be less than 125% of the value of the Mortgaged Property as
determined by the Appraisals. On the Closing Date, Borrower shall have paid all
state, county and municipal recording and all other taxes imposed upon the
execution and recordation of the Mortgages, if any.

Section 2.17.          Extension Option.

(a)           Borrower
shall have the option (each, an “Extension Option”), to extend the
Maturity Date of the Floating Rate Note for up to two (2) extension
terms:  (i) the first extension term
from the Original Maturity Date to the Payment Date in August 2010 (the “First
Floating Rate Extended Maturity Date”), and (ii) the second extension
term from the First Floating Rate Extended Maturity Date to the Payment Date in
August 2011 (the “Final Floating Rate  Maturity Date”), upon
satisfaction of each of the following conditions (the “Extension Conditions”):

(i)            Borrower
shall have given written notice (each, an “Extension Notice”) to Lender
not less than sixty (60) days prior to the Original Maturity Date or 

 54
 

 

 

the First
Floating Rate Extended Maturity Date, as applicable, of its election to
exercise the first or the second Extension Option, as the case may be;

(ii)           no
Default or Event of Default shall have occurred and be continuing on the
Original Maturity Date or the First Floating Rate Extended Maturity Date, as
applicable or as of the date of delivery of the Extension Notice with respect
to the applicable Extension Option; and

(iii)          Borrower
shall have purchased an interest rate cap for the term of the extension (or
renewed the existing interest rate cap for such period) in each case from or
with a Qualified Interest Rate Cap Provider, with a notional amount equal to
the outstanding Floating Rate Component of the Principal Indebtedness and a
LIBOR strike rate less than or equal to 6.50% and pursuant to documentation
acceptable to Lender in accordance with the Prudent Lender Standard and
delivered to Lender a fully executed Collateral Assignment of Hedge.

(b)           Borrower
may revoke any Extension Notice by written notice (or telephonic notice
promptly confirmed in writing) to Lender on or prior to the tenth (10th)
Business Day prior to the Original Maturity Date or the First Floating Rate
Extended Maturity Date, as applicable; provided, however, that
Borrower shall pay the reasonable out-of-pocket costs incurred by Lender and in
connection with the giving of any Extension Notice and its revocation. If the
term of the Loan is extended pursuant to the provisions of this Section 2.17,
then all the other terms and conditions of the Loan Documents shall remain in
full force and effect and unmodified.

Section 2.18.          Defeasance.

(a)           Total
Defeasance. So long as no Event of Default has occurred and is continuing,
Borrower shall have the right at any time after the First Open Defeasance Date
to defease the Fixed Rate Component of the Loan (a “Total Defeasance”)
upon satisfaction of the following conditions:

(i)            Borrower
shall provide Lender at least thirty (30) days’ prior written notice (or such
shorter period of time if permitted by Lender in its sole discretion)
specifying a date (the “Defeasance Date”) on which Borrower shall have
satisfied the conditions in this Section 2.18(a) and on which
it shall effect the Total Defeasance;

(ii)           Borrower
shall pay to Lender (A) all payments of interest due on the Loan to and
including the Defeasance Date and (B) all other sums, then due under the
Note, this Loan Agreement, the Mortgage and the other Loan Documents;

(iii)          Borrower
shall irrevocably deposit the Total Defeasance Collateral into the Defeasance
Collateral Account and otherwise comply with the provisions of this Section 2.18(a) and
Sections 2.18(c) and (d) hereof;

(iv)          Borrower
shall execute and deliver to Lender a Security Agreement in respect of the
Defeasance Collateral Account and the Total Defeasance Collateral;

 55
 

 

 

(v)           Borrower
shall deliver to Lender an opinion of counsel for Borrower that is customary in
commercial lending transactions and subject only to normal qualifications,
assumptions and exceptions opining, among other things, that (w) Lender
has a legal and valid perfected first priority security interest in the
Defeasance Collateral Account and the Total Defeasance Collateral, (x) if
a Securitization has occurred, the trust formed pursuant to any Securitization
will not fail to maintain its status as a “real estate mortgage investment
conduit” within the meaning of Section 860D of the Code as a result of the
Total Defeasance pursuant to this Section 2.18(a), (y) a Total
Defeasance pursuant to this Section 2.18 will not result in a
deemed exchange for purposes of the Code and will not adversely affect the
status of the Loan as indebtedness for federal income tax purposes, (z) delivery
of the Total Defeasance Collateral and the grant of a security interest therein
to Lender shall not constitute an avoidable preference under Section 547
of the Bankruptcy Code or applicable state law;

(vi)          If
and to the extent required by the Rating Agencies, a non-consolidation opinion
with respect to the Successor Borrower;

(vii)         Borrower
shall deliver to Lender a confirmation in writing from the applicable Rating
Agencies if requested by Lender to the effect that the release of the Mortgaged
Property from the Lien of the Mortgage as contemplated by this Section 2.18(a) and
the substitution of the Total Defeasance Collateral will not result in a
downgrading, withdrawal or qualification of the respective ratings in effect
immediately prior to such defeasance for the Securities issued in connection
with any Securitization which are then outstanding;

(viii)        Borrower
shall deliver an officer’s certificate certifying that the requirements set
forth in this Section 2.18 have been satisfied;

(ix)           Borrower
shall deliver a certificate of a nationally recognized public accounting firm
reasonably acceptable to Lender certifying that the Total Defeasance Collateral
will generate monthly amounts equal to or greater than the Scheduled Defeasance
Payments;

(x)            Borrower
shall deliver such other certificates, opinions, documents and instruments as
Lender may reasonably request; and

(xi)           Borrower
shall pay all costs and expenses of Lender incurred in connection with the
defeasance, including Lender’s reasonable attorneys’ fees and expenses and
Rating Agency fees and expenses.

If a Total Defeasance occurs and all of the
requirements of this Section 2.18 have been satisfied, and provided
no Event of Default exists, (i) Lender shall execute any and all documents
required to release the Mortgaged Property from the Lien of the Mortgage and
the Assignment of Leases and the Total Defeasance Collateral, pledged pursuant
to the Security Agreement, shall be the sole source of collateral securing the
Loan. In connection with any such release of the Lien, Borrower shall submit to
Lender, not less than thirty (30) days prior to the Defeasance Date (or such
shorter time as permitted by Lender in its sole discretion), a release of Lien
(and related Loan Documents) for execution by Lender. Such release shall be in
a form appropriate in the jurisdiction in which the Mortgaged Property is
located and contain standard provisions 

 56
 

 

 

protecting the rights of a releasing lender. In
addition, Borrower shall provide all other documentation Lender reasonably
requires to be delivered by Borrower in connection with such release. Borrower
shall pay all costs, taxes and expenses associated with the release of the Lien
of the Mortgage and the Assignment of Leases, including Lender’s reasonable
attorneys’ fees. Except as set forth in this Section 2.18(a) (or
in Section 2.18(b) below), no repayment, prepayment or
defeasance of all or any portion of the Loan shall cause, give rise to a right
to require, or otherwise result in, the release of the Lien of the Mortgage on
the Mortgaged Property.

(b)           Partial
Defeasance. Borrower shall, only after the First Open Defeasance Date and
in accordance with this Section 2.18, have the right to defease a
portion of the Fixed Rate Component of the Loan in connection with the release
of an individual Mortgaged Property (a “Partial Defeasance”) upon
satisfaction of the following conditions:

(i)            Borrower
shall provide Lender at least thirty (30) days’ prior written notice (or such
shorter period of time if permitted by Lender in its sole discretion)
specifying a date (the “Partial Defeasance Date”) on which Borrower
shall have satisfied the conditions in this Section 2.18(b) and
on which it shall effect the Partial Defeasance;

(ii)           Borrower
shall pay to Lender (A) all payments of interest due on the Loan to and
including the Partial Defeasance Date and (B) all other sums, then due
under the Note, this Loan Agreement, the Mortgage and the other Loan Documents;

(iii)          Borrower
shall irrevocably deposit the Partial Defeasance Collateral into the Defeasance
Collateral Account and otherwise comply with the provisions of this Section 2.18(b) and
Sections 2.18(c) and (d) hereof;

(iv)          Lender
shall prepare (at Borrower’s expense) all necessary documents to modify this
Loan Agreement and to amend and restate the Note and issue substitute notes,
one note having a principal balance equal to the Partial Defeasance Amount (the
“Defeased Note”), and one or more notes having an aggregate principal
balance equal to the excess of (A) the then-outstanding principal amount
of the Loan, over (B) the amount of the Defeased Note (the “Undefeased
Note”). The Defeased Note and Undefeased Note shall have identical terms as
the Fixed Rate Note except for the principal balance and monthly payments. The
Defeased Note and the Undefeased Note shall be cross defaulted and cross
collateralized unless the Rating Agencies shall require otherwise or unless a
Successor Borrower that is not an Affiliate of Borrower is established pursuant
to Section 2.18(d). A Defeased Note may not be the subject of any
further defeasance;

(v)           Borrower
shall execute and deliver to Lender a Security Agreement in respect of the
Defeasance Collateral Account and the Partial Defeasance Collateral;

(vi)          Borrower
shall deliver to Lender an opinion of counsel for Borrower that is customary in
commercial lending transactions and subject only to normal qualifications,
assumptions and exceptions opining, among other things, that (w) Lender
has a legal and valid perfected first priority security interest in the
Defeasance Collateral Account and 

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the Partial
Defeasance Collateral, (x) if a Securitization has occurred, the REMIC
Trust formed pursuant to any Securitization will not fail to maintain its
status as a “real estate mortgage investment conduit” within the meaning of Section 860D
of the Code as a result of the Partial Defeasance pursuant to this Section 2.18(b),
(y) a Partial Defeasance pursuant to this Section 2.18 will
not result in a deemed exchange for purposes of the Code and will not adversely
affect the status of the Loan as indebtedness for federal income tax purposes, (z) delivery
of the Partial Defeasance Collateral and the grant of a security interest
therein to Lender shall not constitute an avoidable preference under Section 547
of the Bankruptcy Code or applicable state law;

(vii)         If
and to the extent required by the Rating Agencies, a non-consolidation opinion
with respect to the Successor Borrower;

(viii)        The
remaining Mortgaged Properties shall satisfy the Debt Service Coverage Test
with respect to the Undefeased Note (provided that Borrower shall have the
right to increase the Partial Defeasance Amount to an amount (and to only such
amount) necessary to satisfy such test);

(ix)           Borrower
shall deliver to Lender a confirmation in writing from the applicable Rating
Agencies if requested by Lender to the effect that the release of the Release
Property from the Lien of the Mortgage as contemplated by this Section 2.18(b) and
the substitution of the Partial Defeasance Collateral will not result in a
downgrading, withdrawal or qualification of the respective ratings in effect
immediately prior to such defeasance for the Securities issued in connection
with any Securitization which are then outstanding;

(x)            Borrower
shall deliver an officer’s certificate certifying that the requirements set
forth in this Section 2.18 have been satisfied;

(xi)           Borrower
shall deliver a certificate of a nationally recognized public accounting firm
reasonably acceptable to Lender certifying that the Partial Defeasance
Collateral will generate monthly amounts equal to or greater than the Scheduled
Defeasance Payments;

(xii)          Borrower
shall deliver such other certificates, opinions, documents and instruments as
Lender may reasonably request; and

(xiii)         Borrower
shall pay all costs and expenses of Lender incurred in connection with the
defeasance, including Lender’s reasonable attorneys’ fees and expenses and
Rating Agency fees and expenses.

(c)           Defeasance
Collateral Account. On or before the date on which Borrower delivers the
Defeasance Collateral, Borrower or Successor Borrower (as applicable) shall
open the defeasance collateral account (the “Defeasance Collateral Account”)
which shall at all times be an Eligible Account. The Defeasance Collateral
Account shall contain only (i) Defeasance Collateral and (ii) cash
from interest and principal paid on the Defeasance Collateral. All cash from
interest and principal payments paid on the Defeasance Collateral shall be paid
over to Lender on each Payment Date and applied to the monthly installments of
interest on the Loan (and in the case of a Partial Defeasance, the portion
thereof evidenced by the Defeased Note) and, on the Fixed Rate Maturity Date,
to accrued interest and the Principal Balance of the 

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Loan (and in
the case of a Partial Defeasance, the portion thereof evidenced by the Defeased
Note). Borrower shall cause the depository institution or trust company at
which the Defeasance Collateral is deposited to enter an agreement with
Borrower and Lender, satisfactory to Lender in its sole discretion, pursuant to
which such depository institution or trust company shall agree to hold and
distribute the Defeasance Collateral in accordance with this Loan Agreement. Borrower
(or Successor Borrower, as applicable) shall be the owner of the Defeasance
Collateral Account and shall report all income accrued on Defeasance Collateral
for federal, state and local income tax purposes in its income tax return. Borrower
shall prepay all costs and expenses associated with opening and maintaining the
Defeasance Collateral Account. Lender shall not in any way be liable by reason
of any insufficiency in the Defeasance Collateral Account. If, after payment in
full of all obligations evidenced by the Note or any other of the Loan
Documents, any of the Defeasance Collateral remains in the Defeasance
Collateral Account, then on request by Borrower such remaining balance in the
Defeasance Collateral Account shall be returned to Borrower (or to Successor
Borrower, as the case may be) or Lender shall assign to Borrower (or Successor
Borrower, as the case may be) all of Lender’s right, title, and interest in the
U.S. Obligations constituting the Defeasance Collateral.

(d)           Successor
Borrower. In connection with a Defeasance under this Section 2.18,
Borrower shall, if required by the Rating Agencies or if Borrower so elects or
Lender requires, establish or designate a successor entity (the “Successor
Borrower”) which shall be a single purpose bankruptcy remote entity and
which shall be approved by the Rating Agencies. Any such Successor Borrower
may, at Borrower’s option, be an Affiliate of Borrower unless the Rating
Agencies or Lender shall require otherwise. Borrower shall transfer and assign
all obligations, rights and duties under and to the Note, together with the
Defeasance Collateral, to such Successor Borrower. Such Successor Borrower
shall assume the obligations under the Note and the Security Agreement. Borrower
shall pay $1,000 to any such Successor Borrower as consideration for assuming
the obligations under the Note and the Security Agreement. Borrower shall pay
all reasonable costs and expenses incurred by Lender, including Lender’s
attorney’s fees and expenses incurred in connection therewith, and all fees,
expenses and other charges of the Rating Agencies.

(e)           Borrower
shall have the right to (i) prepay the Loan without a release of
collateral pursuant to and in accordance with Section 2.6, (ii) prepay
the Loan in connection with the release of a Mortgaged Property pursuant to and
in accordance with Sections 2.7 and 2.11 and (iii) defease
the Loan pursuant to and in accordance with Section 2.18.

(f)            Adjustments. Borrower may request from Lender immediately following any Partial
Defeasance an adjustment (“Defeasance Adjustment”) to the Allocated Loan
Amounts following any Partial Defeasance made pursuant to Section 2.18(b) in
an amount equal to the positive difference between (i) the sum of the
Allocated Loan Amounts for the remaining Mortgaged Properties after such
Partial Defeasance (the “Aggregate Allocated Loan Amount”) and (ii) the
outstanding principal balance of the Undefeased Note (the “Defeasance
Adjustment Amount”). Upon each Defeasance Adjustment, the Allocated Loan
Amount for each such remaining Mortgaged Property shall be decreased in an
amount equal to the product of (A) the Defeasance Adjustment Amount and (B) the
fraction, the numerator of which is the applicable Allocated Loan Amount (prior
to such Defeasance Adjustment) for such Mortgaged Property and the denominator
of which is the Aggregate Allocated Loan Amount. In connection 

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with each Defeasance Adjustment, Borrower shall pay to the Lender an
administrative fee of $5,000.

Section 2.19.          Substitution of Properties. Subject to the terms and
conditions set forth in this Section 2.19, Borrower shall have the right,
only after the earlier of the date the entire Loan has been included in a
Securitization (including each and every Note) or January 1, 2007, on one
or more occasions, to obtain the release of one or more individual Mortgaged
Property from the lien of the Mortgage and the Loan Documents (for purposes of
this section only, hereinafter referred to as, “Substituted Property”)
by substituting therefor its fee interest in one or more manufactured housing
communities located in the United States and of like kind and quality (which
shall include, among other things, the geographic diversity of the Substituted
Property vis-à-vis the other Properties) acquired by Borrower (individually, a “Replacement
Property” and collectively, the “Replacement Properties”). In
addition, any such substitution shall be subject, in each case, to the
satisfaction of the following conditions precedent:

(a)           No
Event of Default shall have occurred and be continuing and Lender shall have
received a certificate from the Borrowers, in form and substance acceptable to
Lender, confirming the foregoing.

(b)           The
Borrowers shall have given Lender at least sixty (60) days prior written notice
of its election to substitute the Substituted Property.

(c)           The
Borrowers shall have paid to Lender a processing fee in an amount equal to
$10,000.

(d)           Lender
shall have received Appraisals (from a state certified appraiser engaged by
Lender) that satisfy the Prudent Lender Standard for the Replacement Property
and the Substituted Property dated no more than forty-five (45) days prior to
the substitution, indicating that the fair market value of the Replacement
Property equals or exceeds the greater of the fair market value of the
Substituted Property based upon such appraisal and the fair market value of the
Substituted Property based on the appraisal prepared and delivered in
connection with the closing of the Loan.

(e)           The
Underwritten Net Cash Flow for the Replacement Property immediately preceding
the substitution must be equal or greater than the Underwritten Net Cash Flow
of the Substituted Property as determined in accordance with the Prudent Lender
Standard.

(f)            The
Debt Service Coverage Test is satisfied.

(g)           Lender
shall have received a Phase I environmental report and, if recommended under
the Phase I environmental report, a Phase II environmental report from an
Independent environmental consultant approved by Lender in accordance with the
Prudent Lender Standard dated not more than forty-five (45) days prior to such
release and substitution, which conclude that the Replacement Property does not
contain any Hazardous Materials in violation of Environmental Laws, is not
subject to any risk of contamination from any off-site Hazardous Materials, and
is not in violation of any Environmental Laws.

 

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(h)           Lender
shall have received a physical conditions report with respect to the
Replacement Property from an independent architect or engineer approved by
Lender in accordance with the Prudent Lender Standard in form and substance
acceptable to Lender in accordance with the Prudent Lender Standard, dated not
more than forty-five (45) days prior to such release and substitution, stating
that the Replacement Property is in good condition and repair and free of
material damage or waste. If the physical conditions report recommends that any
material repairs be made with respect to the Replacement Property, Lender may
condition (in accordance with the Prudent Lender Standard) its approval of such
Replacement Property on the Borrowers depositing into the Replacement Reserve
Account an amount equal to one hundred twenty-five percent (125%) of the
estimated cost of such repairs.

(i)            Lender
shall have received annual operating statements and occupancy statements for
the Replacement Property for the three (3) most recently completed Fiscal
Years (or, if the Replacement Property has been acquired by Borrower or an
Affiliate thereof within 12 months of the proposed date of the
substitution, the most recent Fiscal Year) and a current operating statement
for the Substituted Property. Each of the statements required under this clause
(i) shall be certified to Lender as being true and correct in all material
respects to the knowledge of the Borrower and accompanied by a certificate from
the applicable Borrower certifying that there has been no adverse change in the
financial condition of the Replacement Property since the date of such
operating statements.

(j)            Borrower
shall have executed, acknowledged and delivered to Lender (i) a Mortgage,
an Assignment of Rents and Leases and financing statements with respect to the
Replacement Property, (ii) an Environmental Indemnity Agreement with
respect to the Replacement Property, (iii) written confirmation from each
Guarantor regarding such substitution, (iv) modifications to the Loan
Documents as Lender deems necessary or desirable in accordance with the Prudent
Lender Standard to properly reflect the substitution and (vi) such other
documents and agreements as may be reasonably requested by Lender in accordance
with the Prudent Lender Standard to evidence the substitution. The Mortgage,
Assignment of Rents and Leases, financing statements and Environmental
Indemnity Agreement with respect to the Replacement Property shall be the same
in form and substance as the counterparts of such documents executed and
delivered with respect to the Substituted Property on the date hereof. The
Mortgage encumbering the Replacement Property shall be cross-defaulted and
cross-collateralized with the other Mortgages encumbering the other Properties
and shall secure all amounts evidenced by the Note. The amount of the Loan
allocated to the Replacement Property (such amount being hereinafter referred
to as the “Substitute Allocated Loan Amount”) shall equal the Allocated
Loan Amount of the Substituted Property.

(k)           Lender
shall have received (i) a “tie-in” or similar endorsement to each Title
Insurance Policy insuring the lien of the other Mortgages as of the date of the
substitution with respect to the Title Insurance Policy insuring the lien of
the Mortgage on the Replacement Property to the extent available, and (ii) a
Title Insurance Policy (or a marked, signed and redated commitment to issue
such Title Insurance Policy) insuring the lien of the Mortgage on the
Replacement Property, issued by the title company that issued the Title
Insurance Policies insuring the liens of the other Mortgages encumbering the
other Properties and dated as of the date of the substitution. The Title
Insurance Policy issued with respect to the Replacement Property shall (i) provide
coverage in the amount of the Substitute Allocated Loan 

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Amount if the “tie-in”
or similar endorsement described above is available or, if such endorsement is
not available, in an amount equal to one hundred twenty-five percent (125%) of
the Substitute Allocated Loan Amount of the Replacement Property (or a lesser
percentage that satisfies the Prudent Lender Standard but is not less than one
hundred ten percent (110%) of the Substitute Allocated Loan Amount of the
Replacement Property), (ii) insure Lender that the Mortgage creates a
valid first lien on the Replacement Property, free and clear of all exceptions
from coverage other than Permitted Encumbrances determined in accordance with
the Prudent Lender Standard, (iii) contain such endorsements and affirmative
coverages as are contained in each Title Policy insuring the lien of the
existing Mortgages and (iv) name Lender as the insured.

(l)            Lender
shall have received a current survey for the Replacement Property, certified to
the title company providing such Title Insurance Policy and Lender and its
successors and assigns pursuant to Lender’s standard form of certification
prepared in accordance with the Prudent Lender Standard, prepared by a
professional land surveyor licensed in the state in which the Replacement
Property is located and acceptable to Lender in accordance with the minimum
standard detail requirements as most recently adopted by ALTA/ACSM and the
Prudent Lender Standard. Said survey shall show no state of facts or conditions
reasonably objectionable to Lender in accordance with the Prudent Lender
Standard.

(m)          Lender
shall have received valid certificates of insurance evidencing the insurance
coverages required to be maintained hereunder with respect to the Replacement
Property, together with endorsements reasonably satisfactory to Lender in
accordance with the Prudent Lender Standard and naming Lender as an additional
insured and loss payee as required by Lender in accordance with the Prudent
Lender Standard under such policies.

(n)           The
Borrowers shall deliver or cause to be delivered to Lender (i) updates
certified by the Borrowers of all organizational documentation related to the
Borrowers and/or the formation, structure, existence, good standing and/or
qualification to do business delivered to Lender in connection with the closing
date; (ii) good standing certificates, certificates of qualification to do
business in the state in which the Replacement Property is located (if required
in such state) and (iii) if applicable, resolutions of the General Partner
authorizing the substitution and any actions taken in connection with such
substitution.

(o)           Lender
shall have received the following opinions of Borrowers’ counsel, all of which
shall be in form and substance and delivered by counsel reasonably acceptable
to Lender in accordance with the Prudent Lender Standard:  (i) an opinion of counsel in the state
in which the Replacement Property is located as to the enforceability of the
Mortgage and Assignment of Rents and Leases delivered with respect to the
Replacement Property and such other matters as Lender may reasonably request; (ii) an
opinion of counsel with respect to the enforceability of the other Loan
Documents delivered with respect to the Replacement Property and any
modifications to the existing Loan Documents and such other matters as Lender
may reasonably request; (iii) an opinion of counsel stating that the
substitution does not constitute a “significant modification” of the Loan or “deemed
exchange” of the Note under Section 1001 of the Code or otherwise cause
any “real estate mortgage investment conduit” within the meaning of Section 860D
of the Code (“REMIC”) to fail to maintain its status as a 

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REMIC as a
result of such substitution and (iv) such other opinions as Lender may
reasonably request in accordance with the Prudent Lender Standard.

(p)           Lender
shall have received a current rent roll of the Replacement Property certified
by Borrower as being true and correct.

(q)           Lender
shall have received and approved in accordance with the Prudent Lender Standard
the Management Agreement and Manager relating to the Replacement Property or
evidence reasonably acceptable to Lender in accordance with the Prudent Lender
Standard that the Replacement Property is included under the existing
Management Agreement.

(r)            Lender
shall have received certified copies of all material contracts and agreements
relating to the leasing and operation of the Replacement Property.

(s)           Lender
shall have received such other and further approvals, opinions, documents and
information in connection with the substitution as Lender may have reasonably
requested in accordance with the Prudent Lender Standard.

(t)            Lender
shall have received Rating Confirmations from each of the Rating Agencies.

(u)           The
Borrowers shall have paid or reimbursed Lender for all third party
out-of-pocket costs and expenses incurred by Lender (including, without
limitation, reasonable attorneys fees and disbursements) in connection with the
substitution and the Borrowers shall have paid all fees and expenses of the
Rating Agencies, recording charges, filing fees, taxes or other expenses
(including, without limitation, mortgage and intangibles taxes and documentary
stamp taxes) payable in connection with the substitution.

(v)           The
applicable Borrower shall submit to Lender, not less than ten (10) days
prior to the date of such Substitution, a release of lien and all other
required documents for the Substituted Property for execution by Lender which
is in a form appropriate for the jurisdiction in which the Substituted Property
is located.

(w)          On
or prior to the date of substitution, the Borrowers shall deliver an Officer’s
Certificate dated as of the date of substitution certifying that the
requirements set forth in this Section 2.19 have been satisfied, together
with detailed backup for all required calculations, all of which shall be
satisfactory to Lender in accordance with the Prudent Lender Standard.

Upon the
satisfaction of the foregoing conditions precedent, as reasonably determined by
Lender in accordance with the Prudent Lender Standard, Lender will release its
lien from the Substituted Property and the Replacement Property shall be deemed
to be the applicable Mortgaged Property for purposes of the Mortgages and the
Allocated Loan Amount with respect to the Substituted Property shall be deemed
to be the Allocated Loan Amount with respect to the Replacement Property for
all purposes hereunder.

Notwithstanding
anything to the contrary contained herein, the parties hereto hereby
acknowledge and agree that after all or any portion of the Loan has been
included in a 

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Securitization,
with respect to any Lender approval or similar discretionary rights over any
matters contained in this Section (any such matter, a “Lender Approval
Item”), such rights shall be construed such that Lender shall only be
permitted to withhold its consent or approval with respect to any Lender
Approval Item if the same fails to meet the Prudent Lender Standard.

Notwithstanding
the foregoing, during the term of the Loan the Borrowers may not substitute
Replacement Properties for any Mortgaged Property or Mortgaged Properties the
aggregate initial Allocated Loan Amount(s) of which individually, or in
the aggregate, exceed 75% of the Principal Indebtedness on the Closing Date.

Section 2.20.          Release Parcel. Borrower shall have the right at any
time after January 1, 2007 to release a Specified Expansion Parcel from
the Lien of the Mortgage (the “Release Parcel”), and Lender shall
release the Lien of the Mortgage (and related Loan Documents) from such Release
Parcel in connection with the sale of such Release Parcel to a third party that
is unaffiliated with Borrower in an arms-length transaction, upon satisfaction
of the following conditions precedent:

(a)           Borrower
shall provide Lender not more than thirty (30) days but not less than twenty
(20) days notice specifying a date (which date shall be on or after February 1,
2007) on which the partial release is to occur (the “Partial Release Date”);

(b)           Borrower
shall deliver to Lender an Officer’s Certificate (A) as to the proposed
use of such Release Parcel, its compatibility with, and its effects on, the
operation and use of the portion of the related Mortgaged Property that would
remain encumbered by the Lien of the Mortgage after the release of the Release
Parcel (the “Remaining Property”) and, stating that the operation and
use of the Release Parcel shall not compete during the term of the Loan (and
for 20 years following the term of the Loan) with the operation and use of
the Remaining Property and (B) indicating the Gross Revenues and Operating
Expenses for the Remaining Property immediately before and immediately after
the proposed release, taking into account the proposed use of the Release
Parcel and its effects on income and expenses at the Remaining Property,
together with evidence in support of such conclusions with a reasonable
conclusion that (i) the Net Operating Income of the Remaining Property
will not be less than the Net Operating Income of the combined Release Parcel
and Remaining Property immediately prior to the release as a result of the
release, and (ii) the value of the Remaining Property will not be less
than the value of the combined Release Parcel and Remaining Property on the
Closing Date based on the appraisal delivered to Lender on or about the Closing
Date;

(c)           Borrower
shall deliver to Lender an opinion of counsel that meets the Prudent Lender
Standard (issued by counsel that meets the Prudent Lender Standard) that the
consummation of the transactions contemplated under this Section 2.20
would not constitute a “significant modification” of the Loan under Section 1001
of the IRC or otherwise cause a tax to be imposed on a “prohibited transaction”
by any REMIC Trust;

(d)           Borrower
shall have delivered to Lender evidence that Borrower has complied with all
requirements of and obtained all approvals required under any agreement or
lease or other arrangement to which Borrower is a party and that the
transactions 

 64
 

 

 

contemplated
under this Section 2.20 do not violate any of the provisions of any
such agreement or lease or other arrangement;

(e)           Borrower
shall have delivered to Lender (A) an endorsement to the Title Insurance
Policy, (B) an opinion of counsel (which opinion shall be from counsel
that meets the Prudent Lender Standard) or (C) a certificate of an
architect (which certificate shall be from an architect that meets the Prudent
Lender Standard and licensed to practice in the jurisdiction in which the
applicable Mortgaged Property is located) indicating that the Release Parcel
has been (or promptly will be upon filing of the subdivision plat and related
deed which shall occur simultaneously with such release) legally subdivided for
zoning lot purposes from the Remaining Property pursuant to a zoning lot subdivision
in accordance with applicable Legal Requirements and that the Release Parcel
and Remaining Property are each otherwise in compliance with all applicable
zoning, building and similar Legal Requirements;

(f)            Borrower
shall have delivered to Lender (A) an endorsement to the Title Insurance
Policy, or (B) an opinion of counsel (which opinion shall be from counsel
that meets the Prudent Lender Standard) indicating that the Remaining Property
separately conforms to and is in material compliance with all applicable Legal
Requirements and constitutes (or will constitute at such time as the locality
assigns a related separate tax lot number, which shall be a mere formality) a
separate tax lot(s);

(g)           Borrower
shall have delivered to Lender a certificate from an architect or engineer
(which certificate shall be from an architect or engineer that meets the
Prudent Lender Standard and licensed to practice in the jurisdiction in which
the applicable Mortgaged Property is located) and an Officer’s Certificate with
supporting documentation stating that (A) the Release Parcel is not
necessary for the legal uses of the Remaining Property, including, without
limitation, for support, access, driveways, parking, utilities, drainage flows
or any other purpose, (after giving effect to any easements therefor reserved
over the Release Parcel for the benefit of the Remaining Property) and (B) any
improvements proposed to be built on the Release Parcel will not adversely
affect the ability to operate and maintain the Remaining Property (after giving
effect to any easements reserved or granted for the benefit of such Remaining
Property or the Release Parcel) and will be integrated with the Remaining
Property;

(h)           To
the extent available, Borrower shall have delivered to Lender preliminary plans
and drawings for the improvements to be built on the Release Parcel together
with an architect’s certificate certifying that such plans and drawings and the
improvements to be constructed pursuant thereto will comply with all Legal
Requirements (to the extent that a determination of compliance can be made
generally on the basis of preliminary plans and drawings), and Lender shall
have approved such plans and drawings in accordance with the Prudent Lender
Standard;

(i)            Borrower
shall have delivered a legal description and an ALTA survey of the Release
Parcel and the Remaining Property which would be standard in commercial lending
transactions that for all Release Parcels meets the Prudent Lender Standard;

(j)            Borrower
shall have delivered to Lender on the date of the release an endorsement to the
Title Insurance Policy insuring the Mortgage reflecting the partial release 

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and (A) insuring
Lender’s interest in any easements created in connection with the partial
release, (B) extending the effective date of such Title Insurance Policy
to the effective date of the partial release, and (C) confirming no change
in the priority of the Mortgage on the Remaining Property or in the amount of
the insurance or the coverage under such Title Insurance Policy;

(k)           Borrower
shall deliver to Lender an Officer’s Certificate certifying that the
requirements set forth in this Section 2.20 have been satisfied;

(l)            No
Event of Default shall exist hereunder;

(m)          Borrower
shall deliver to Lender such other certificates, documents or instruments as
Lender may reasonably request in accordance with the Prudent Lender Standard
that meet the Prudent Lender Standard;

(n)           Borrower
shall pay all reasonable costs and expenses of Lender incurred in connection
with the partial release, including Lender’s reasonable attorneys’ fees and
expenses;

(o)           Lender
shall have received an independent MAI appraisal of the Property (the “Release
Parcel Appraisal”) dated no more than sixty (60) days prior to the proposed
Partial Release Date by a state-certified appraiser that meets the Prudent
Lender Standard, indicating (A) an appraised value of the Remaining
Property after the release both before and after construction of improvements
to be built on the Release Parcel equal to or greater than the greater of (y) the
value of the entire related Mortgaged Property (including the Release Parcel)
on the Closing Date based on the appraisal delivered to Lender on or about the
Closing Date or (z) one hundred percent (100%) of the Allocated Loan Amount
for the related Mortgaged Property on the Closing Date and (B) the value
(the “Release Parcel Appraised Value”) of the Release Parcel at the time
of the release; and

(p)           The Debt Service Coverage Ratio at the time
of the release for the trailing twelve-month period ending on the last day of
the prior full calendar month will not be less than the Debt Service Coverage
Ratio on the Closing Date, and the Debt Service Coverage Test is satisfied.

Notwithstanding anything to the contrary
contained herein, the parties hereto hereby acknowledge and agree that after
all or any portion of the Loan has been included in a Securitization, with
respect to any Lender approval or similar discretionary rights over any matters
contained in this Section 2.20 or Section 2.7, 2.18 or 2.19 (any such
matter, a “Lender Approval Item”), such rights shall be construed such
that Lender shall only be permitted to withhold its consent or approval with
respect to any Lender Approval Item if the same fails to meet the Prudent
Lender Standard.

ARTICLE
III.

INTENTIONALLY OMITTED

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ARTICLE
IV.

REPRESENTATIONS AND WARRANTIES

Section 4.1.            Representations and Warranties as to Borrower. Borrower
represents and warrants that, as of the Closing Date:

(a)           Organization.
Each of Borrower and General Partner (i) is a duly organized and validly
existing limited liability company in good standing under the laws of the State
of Delaware or limited partnership in good standing under the laws of the State
of Delaware, (ii) has the requisite power and authority to own its
properties (including, without limitation, the Mortgaged Property) and to carry
on its business as now being conducted and is qualified to do business in the
jurisdiction in which the Mortgaged Property is located, and (iii) has the
requisite power to execute and deliver, and perform its obligations under, this
Agreement, the Note and all of the other Loan Documents to which it is a party.

(b)           Authorization;
No Conflict; Consents and Approvals. The execution and delivery by Borrower
of this Agreement, the Note and each of the other Loan Documents, Borrower’s
performance of its obligations hereunder and under the other Loan Documents and
the creation of the security interests and liens provided for in this Agreement
and the other Loan Documents to which it is a party (i) have been duly
authorized by all requisite action on the part of Borrower, (ii) will not
violate any provision of any Legal Requirements, any order of any court or
other Governmental Authority, the Organizational Agreement or any indenture or
agreement or other instrument to which Borrower is a party or by which Borrower
is bound, and (iii) will not be in conflict with, result in a breach of,
or constitute (with due notice or lapse of time or both) a default under, or
result in the creation or imposition of any Lien of any nature whatsoever upon
the Mortgaged Property pursuant to, any such indenture or agreement or material
instrument other than the Loan Documents. Other than those obtained or filed on
or prior to the Closing Date, Borrower is not required to obtain any consent,
approval or authorization from, or to file any declaration or statement with,
any Governmental Authority or other agency in connection with or as a condition
to the execution, delivery or performance of this Agreement, the Note or the
other Loan Documents executed and delivered by Borrower.

(c)           Enforceability.
This Agreement, the Note and each other Loan Document executed by Borrower in
connection with the Loan (including, without limitation, any Collateral
Security Instrument), is the legal, valid and binding obligation of Borrower,
enforceable against Borrower in accordance with its terms, subject to
bankruptcy, insolvency, and other limitations on creditors’ rights generally
and to equitable principles. This Agreement, the Note and such other Loan
Documents are not subject to any right of rescission, set-off, counterclaim or
defense by Borrower (including the defense of usury), and Borrower has not
asserted any right of rescission, set-off, counterclaim or defense with respect
thereto.

(d)           Litigation.
There are no actions, suits or proceedings at law or in equity by or before any
Governmental Authority or other agency now pending and served or, to the best
knowledge of Borrower, threatened against Borrower, Guarantor or any
Collateral, which actions, suits or proceedings, if determined against
Borrower, Guarantor or such Collateral, are reasonably likely to result in a
Material Adverse Effect.

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(e)           Agreements.
Borrower is not in default in the performance, observance or fulfillment of any
of the material obligations, covenants or conditions contained in any agreement
or instrument to which it is a party or by which Borrower or any Collateral is
bound which default is reasonably likely to have a Material Adverse Effect. Neither
Borrower nor Guarantor is a party to any agreement or instrument or subject to
any restriction which restricts such Person’s ability to conduct its business
in the ordinary course or that is reasonably likely to have a Material Adverse Effect.

(f)            No
Bankruptcy Filing. Neither Borrower nor Guarantor is contemplating either
the filing of a petition by it under any state or federal bankruptcy or
insolvency laws or the liquidation of all or a material portion of its assets
or property. To the best knowledge of Borrower, no Person is contemplating the
filing of any such petition against Borrower.

(g)           Solvency.
Giving effect to the transactions contemplated hereby, the fair market value of
Borrower’s assets exceeds and will, immediately following the making of the
Loan, exceed Borrower’s total liabilities (including, without limitation,
subordinated, unliquidated, disputed and contingent liabilities). The fair
market value of Borrower’s assets is and will, immediately following the making
of the Loan, be greater than Borrower’s probable liabilities (including the
maximum amount of its contingent liabilities on its debts as such debts become
absolute and matured). Borrower’s assets do not and, immediately following the
making of the Loan will not, constitute unreasonably small capital to carry out
its business as conducted or as proposed to be conducted. Borrower does not
intend to, and does not believe that it will, incur debts and liabilities
(including, without limitation, contingent liabilities and other commitments)
beyond its ability to pay such debts as they mature (taking into account the
timing and amounts to be payable on or in respect of obligations of Borrower).

(h)           Other
Debt. Borrower has not borrowed or received other debt financing whether
unsecured or secured by the Mortgaged Property or any part thereof which is
outstanding as of the Closing Date. As of the Closing Date, Borrower has no
Other Borrowings other than trade debt expressly permitted under Article VIII
of this Agreement.

(i)            Full
and Accurate Disclosure. No statement of fact made by or on behalf of
Borrower in this Agreement or in any of the other Loan Documents contains any
untrue statement of material fact or omits to state any material fact necessary
to make statements contained herein or therein not misleading. To the best
knowledge of Borrower, no financial statements or any other document,
certificate or written statement furnished to Lender by Borrower or Guarantor,
or by any third party on behalf of Borrower or Guarantor, for use in connection
with the Loan contains any untrue representation, warranty or statement of a
material fact, and none omits or will omit to state a material fact necessary
in order to make the statements contained herein or therein not misleading. To
the best knowledge of Borrower, there is no fact that has not been disclosed to
Lender that is reasonably likely to result in a Material Adverse Effect.

(j)            Financial
Information. All financial statements and other data concerning Borrower,
Guarantor and the Mortgaged Property that has been delivered by or on behalf of
Borrower or Guarantor to Lender is true, complete and correct in all material
respects 

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and, except as
disclosed on Schedule 4 attached hereto, has been prepared in accordance with GAAP.
Since the delivery of such data, except as otherwise disclosed in writing to
Lender, there has been no change in the financial position of Borrower,
Guarantor or the Mortgaged Property, or in the results of operations of
Borrower or Guarantor, which change results or is reasonably likely to result
in a Material Adverse Effect. Neither Borrower nor Guarantor has incurred any
obligation or liability, contingent or otherwise, not reflected in such
financial data, which is likely to have a Material Adverse Effect upon its
business operations or the Mortgaged Property.

(k)           Investment
Company Act; Public Utility Holding Company Act. Borrower is not (i) an
“investment company” or a company “controlled” by an “investment company,”
within the meaning of the Investment Company Act of 1940, as amended, (ii) a
“holding company” or a “subsidiary company” of a “holding company” or an “affiliate”
of either a “holding company” or a “subsidiary company” within the meaning of
the Public Utility Holding Company Act of 1935, as amended, or (iii) subject
to any other federal or state law or regulation which purports to restrict or
regulate its ability to borrow money in accordance with this Agreement.

(l)            Compliance.
Borrower is in compliance with all applicable Legal Requirements, except for
noncompliance that is not reasonably likely to have a Material Adverse Effect. Borrower
is not in default or violation of any order, writ, injunction, decree or demand
of any Governmental Authority except for defaults or violations which are not
reasonably likely to have a Material Adverse Effect.

(m)          Use
of Proceeds; Margin Regulations. Borrower will use the proceeds of the Loan
for the purposes described in Section 2.2. No part of the proceeds
of the Loan will be used for the purpose of purchasing or acquiring any “margin
stock” within the meaning of Regulation U of the Board of Governors of the
Federal Reserve System or for any other purpose which would be inconsistent
with such Regulation U or any other Regulations of such Board of Governors, or
for any purposes prohibited by Legal Requirements.

(n)           Organizational
Chart. The organizational chart set forth as Schedule 7 accurately
sets forth the direct and indirect ownership structure of Borrower.

(o)           No
Defaults. No Default or Event of Default exists under or with respect to
any Loan Document.

(p)           Plans
and Welfare Plans. The assets of Borrower are not treated as “plan assets”
under regulations currently promulgated under ERISA. Neither Borrower nor any
ERISA Affiliate sponsors, maintains, contributes to or is required to
contribute to any Plan or Multiemployer Plan nor has the Borrower or any ERISA
Affiliate sponsored, maintained, contributed to or been required to contribute
to any Plan or Multiemployer Plan within the past six years. There are no
pending issues or claims before the Internal Revenue Service, the United States
Department of Labor or any court of competent jurisdiction related to any Plan
or Welfare Plan. No event has occurred, and there exists no condition or set of
circumstances, in connection with any Plan or Welfare Plan under which Borrower
or, to the best knowledge of Borrower, any ERISA Affiliate, directly or
indirectly (through an indemnification agreement or otherwise), is reasonably
likely to be subject to any material risk of liability under Section 409
or 502(i) of 

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ERISA or Section 4975
of the Code. No Welfare Plan provides or will provide benefits, including,
without limitation, death or medical benefits (whether or not insured) with
respect to any current or former employee of Borrower, or, to the best
knowledge of Borrower, any ERISA Affiliate beyond his or her retirement or
other termination of service other than (i) coverage mandated by
applicable law, (ii) death or disability benefits that have been fully
provided for by fully paid up insurance or (iii) severance benefits.

(q)           Additional
Borrower UCC Information. Borrower’s organizational identification numbers
are 4170432 (ARCML06 LLC), 3750361 (ARC18TX LP), 3743925 (ARC18FLD LLC),
3743937 (ARC18FLSH LLC), 4170427 (ARCFLMC LLC) and 4170419 (ARCFLSV LLC) and the
full legal name of Borrower is as set forth on the signature pages hereof
and Borrower has not done in the last five (5) years, and does not do,
business under any other name (including any trade-name or fictitious business
name).

(r)            Not
Foreign Person. Borrower is not a “foreign person” within the meaning of
§ 1445(f)(3) of the Code.

(s)           Labor
Matters. Borrower is not a party to any collective bargaining agreements.

(t)            Pre-Closing
Date Activities. Borrower has not conducted any business or other activity
on or prior to the Closing Date, other than in connection with the acquisition,
management and ownership of the Mortgaged Property.

(u)           No
Bankruptcies or Criminal Proceedings Involving Borrower or Related Parties.
No bankruptcy, insolvency, reorganization or comparable proceedings have ever
been instituted by or against Borrower, any Affiliate of Borrower, any
Guarantor or any individual or entity owning, with his, her or its family
members, 20% or more of the direct, or indirect beneficial ownership interests
in Borrower (each such Guarantor, individual, or entity being herein referred
to as a “Principal”), and no such proceeding is now pending or
contemplated. None of Borrower, any Principal, or to Borrower’s knowledge, any
other individual or entity directly or indirectly owning or controlling, or the
family members of which own or control, any direct or indirect beneficial
ownership interest in Borrower or in the Manager or asset manager for the Mortgaged
Property, have been charged, indicted or convicted, or are currently under the
threat of charge, indictment or conviction, for any felony or crime punishable
by imprisonment.

(v)           No
Prohibited Persons. Neither Borrower, Member, Guarantor nor any of their
respective officers, directors, shareholders, partners, members or Affiliates
(including the indirect holders of equity interests in Borrower) is or will be
an entity or person:  (i) that is
listed in the Annex to, or is otherwise subject to the provisions of Executive
Order 13224 issued on September 24, 2001 (“EO13224”); (ii) whose
name appears on the United States Treasury Department’s Office of Foreign
Assets Control (“OFAC”) most current list of “Specifically Designated
National and Blocked Persons” (which list may be published from time to time in
various mediums including, but not limited to, the OFAC website,
http:www.treas.gov/ofac/t11sdn.pdf)(the “OFAC List”); (iii) who
commits, threatens to commit or supports “terrorism”, as that term is defined
in EO 13224; or (iv) who is otherwise affiliated 

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with any
entity or person listed above (any and all parties or persons described in
clauses (i) through (iv) above are herein referred to as a “Prohibited
Person”). To the best knowledge of the Borrower, no tenant at the Property
currently is identified on the OFAC List or otherwise qualifies as a Prohibited
Person and no tenant at the Property is owned by or an Affiliate of a
Prohibited Person. Borrower and Manager have implemented and will continue to
follow procedures to ensure that no tenant at the Property is a Prohibited
Person or owned by or an Affiliate of a Prohibited Person.

Section 4.2.            Representations and Warranties as to the Mortgaged
Property. Borrower hereby represents and warrants to Lender that, as to
each Mortgaged Property and the Mortgages, as of the Closing Date:

(a)           Title
to the Mortgaged Property. Borrower owns good, marketable and insurable fee
simple title to each Mortgaged Property (other than Personalty), free and clear
of all Liens, other than the Permitted Encumbrances. Borrower owns the
Personalty free and clear of any and all Liens, other than Permitted
Encumbrances. There are no outstanding options to purchase or rights of first
refusal or restrictions on transferability affecting any Mortgaged Property or
any portion thereof or interest therein.

(b)           Utilities
and Public Access. Except as disclosed on Schedule 4, (i) each
Mortgaged Property has adequate rights of access to public ways and is served
by public water, electric, sewer, sanitary sewer and storm drain facilities; (ii) all
public utilities necessary to the continued use and enjoyment of each Mortgaged
Property as presently used and enjoyed are located in the public right-of-way
abutting the premises, and all such utilities are connected so as to serve each
Mortgaged Property without passing over other property except for land or
easement areas of or available to the utility company providing such utility
service; and (iii) all roads necessary for the full utilization of each
Mortgaged Property for its current purpose have been completed and dedicated to
public use and accepted by all Governmental Authorities or are the subject of
access easements for the benefit of each Mortgaged Property or are owned by the
Borrower.

(c)           Condemnation.
No Taking has been commenced or, to the best of Borrower’s knowledge, is
contemplated with respect to all or any portion of any Mortgaged Property or
for the relocation of roadways providing access to any Mortgaged Property.

(d)           Compliance.
Each Mortgaged Property is in compliance with all applicable Legal Requirements
with respect to parking. Except as set forth in the zoning report for each
Mortgaged Property, each Mortgaged Property and the current use thereof is in
compliance with all other applicable Legal Requirements (including, without
limitation, building, subdivision, land use, health, fire, safety and zoning
ordinances and codes) and all applicable Insurance Requirements, except for
noncompliance which cannot reasonably be expected to result in a Material
Adverse Effect, and any zoning or subdivision noncompliance is immaterial to
the related Mortgaged Property and Borrower. Each Mortgaged Property is zoned
for its current use, which zoning designation is unconditional, in full force
and effect, and is beyond all applicable appeal periods. In the event that all
or any part of the Improvements located on any Mortgaged Property are destroyed
or damaged, said Improvements can be legally reconstructed to their condition
prior to such damage or destruction, and thereafter exist for the 

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same use
without violating any zoning or other ordinances applicable thereto and without
the necessity of obtaining any variances or special permits, other than
customary demolition, building and other construction related permits. No legal
proceedings are pending or, to the knowledge of Borrower, threatened with
respect to the zoning of the Mortgaged Property. Neither the zoning nor any
other right to construct, use or operate the Mortgaged Property is in any way
dependent upon or related to any real estate other than the Mortgaged Property.
No tract map, parcel map, condominium plan, condominium declaration, or plat of
subdivision will be recorded by Borrower with respect to the Mortgaged Property
without Lender’s prior written consent.

(e)           Environmental
Compliance. Except for matters set forth in the Environmental Reports
delivered to Lender in connection with the Loan (true, correct and complete
copies of which have been provided to Lender by Borrower):

(i)            Borrower
and each Mortgaged Property is in full compliance with all applicable
Environmental Laws (which compliance includes, but is not limited to, the
possession by Borrower or the Manager of all environmental, health and safety
permits, licenses and other governmental authorizations required in connection
with the ownership and operation of the Mortgaged Property under all
Environmental Laws), except for noncompliance which cannot reasonably be
expected to result in a Material Adverse Effect.

(ii)           There
is no material Environmental Claim pending or, to the actual knowledge of
Borrower, threatened, and no penalties arising under Environmental Laws have
been assessed against Borrower, the Manager or any Mortgaged Property, or, to
the actual knowledge of Borrower, against any Person whose liability for any
Environmental Claim Borrower or the Manager has or may have retained or assumed
either contractually or by operation of law, and no material investigation or
review is pending or, to the actual knowledge of Borrower, threatened by any
Governmental Authority, citizens group, employee or other Person with respect
to any alleged failure by Borrower or the Manager or any Mortgaged Property to
have any environmental, health or safety permit, license or other authorization
required under, or to otherwise comply with, any Environmental Law or with
respect to any alleged liability of Borrower or the Manager for any Use or
Release of any Hazardous Substances.

(iii)          There
are no present and, to the best knowledge of the Borrower, there have been no
past material Releases of any Hazardous Substances that are reasonably likely
to form the basis of any Environmental Claim against Borrower, the Manager, any
Mortgaged Property or against any Person whose liability for any Environmental
Claim Borrower or the Manager has or may have retained or assumed either
contractually or by operation of law (other than Hazardous Substances being
used in amounts that are customary for properties such as the Mortgaged
Property and for purposes that are typical for properties such as the Mortgaged
Property and in all cases are utilized in compliance with Environmental Law in
all material respects).

(iv)          Without
limiting the generality of the foregoing, to the best knowledge of the Borrower,
there is not present at, on, in or under any Mortgaged Property, any Hazardous
Substances (including, without limitation, PCB-containing equipment, asbestos
or 

 72
 

 

 

asbestos
containing materials, underground storage tanks or surface impoundments for Hazardous
Substances, lead in drinking water or lead based paint) (other than Hazardous
Substances being used in amounts that are customary for properties such as the
Mortgaged Property and for purposes that are typical for properties such as the
Mortgaged Property and in all cases are utilized in compliance with
Environmental Law in all material respects) or any fungus, mold, mildew or
biological agent the presence of which is reasonably likely to materially
adversely affect the value or utility of such Mortgaged Property.

(v)           No
liens are presently recorded with the appropriate land records under or
pursuant to any Environmental Law with respect to the Mortgaged Property and no
Governmental Authority has been taking or, to the actual knowledge of Borrower,
is in the process of taking any action that could subject the Mortgaged
Property to Liens under any Environmental Law.

(vi)          There
have been no environmental investigations, studies, audits, reviews or other
analyses conducted by or that are in the possession of Borrower in relation to
any Mortgaged Property which have not been made available to Lender.

(f)            Mortgage
and Other Liens. Each Mortgage creates a valid and enforceable first
priority Lien on the applicable Mortgaged Property described therein, as security
for the repayment of the Indebtedness, subject only to the Permitted
Encumbrances applicable to such Mortgaged Property. This Agreement creates a
valid and enforceable first priority Lien on all Account Collateral. Each
Collateral Security Instrument establishes and creates a valid, subsisting and
enforceable Lien on and a security interest in, or claim to, the rights and
property described therein. All property covered by any Collateral Security
Instrument in which a security interest can be perfected by the filing of a
financing statement is subject to a UCC financing statement filed and/or
recorded, as appropriate (or irrevocably delivered to an agent for such
recordation or filing) in all places necessary to perfect a valid first
priority Lien with respect to the rights and property that are the subject of
such Collateral Security Instrument to the extent governed by the UCC.

(g)           Assessments.
There are no pending or, to the best knowledge of Borrower, proposed special or
other assessments for public improvements or otherwise affecting any Mortgaged
Property, nor are there any contemplated improvements to any Mortgaged Property
that may result in such special or other assessments.

(h)           No
Joint Assessment; Separate Lots. Borrower has not suffered, permitted or
initiated the joint assessment of the Mortgaged Property (i) with any
other real property constituting a separate tax lot, and (ii) with any
portion of the Mortgaged Property which may be deemed to constitute personal
property, or any other procedure whereby the lien of any taxes which may be
levied against such personal property shall be assessed or levied or charged to
the Mortgaged Property as a single lien. The Mortgaged Property is comprised of
one or more parcels, each of which constitutes a separate tax lot and none of
which constitutes a portion of any other tax lot.

(i)            No
Prior Assignment. Lender is the collateral assignee of Borrower’s interest
under the Leases. There are no prior assignments of the Leases or any 

 73
 

 

 

portion of the
Rent due and payable or to become due and payable which are presently
outstanding.

(j)            Permits;
Certificate of Occupancy. Borrower has obtained all Permits necessary to
the use and operation of each Mortgaged Property, except where the failure to
obtain such Permits is not reasonably likely to result in a Material Adverse
Effect. The use being made of each Mortgaged Property is in conformity with the
certificate of occupancy and/or such Permits for such Mortgaged Property and
any other restrictions, covenants or conditions affecting such Mortgaged
Property, except for nonconformity which is not reasonably likely to result in
a Material Adverse Effect.

(k)           Flood
Zone. Except as shown on the Survey, no Mortgaged Property or any portion
thereof is located in a flood hazard area as defined by the Federal Insurance
Administration.

(l)            Physical
Condition. Except as set forth in the Property Condition Assessment, to the
best knowledge of Borrower, each Mortgaged Property is free of structural
defects and all Improvements, including the building systems contained therein
are in good working order subject to ordinary wear and tear.

(m)          Security
Deposits. Borrower and the Manager are in compliance in all material
respects with all Legal Requirements relating to all security deposits with
respect to each Mortgaged Property.

(n)           Intellectual
Property. All material Intellectual Property that Borrower owns or has
pending, or under which it is licensed, are in good standing and uncontested. There
is no right under any Intellectual Property necessary to the business of
Borrower as presently conducted or as Borrower contemplates conducting its
business. Borrower has not infringed, is not infringing, and has not received
notice of infringement with respect to asserted Intellectual Property of others.
There is no infringement by others of material Intellectual Property of
Borrower.

(o)           No
Encroachments. Except as shown on the Survey, to the best knowledge of
Borrower, (i) all of the Improvements which were included in determining
the appraised value of each Mortgaged Property lie wholly within the boundaries
and building restriction lines of each Mortgaged Property, (ii) no
improvements on adjoining properties encroach upon any Mortgaged Property, (iii) no
Improvements encroach upon any easements or other encumbrances affecting the
Mortgaged Property, and (iv) all of the Improvements comply with all
material requirements of any applicable zoning and subdivision laws and
ordinances.

(p)           Management
Agreement. The Management Agreement is in full force and effect. There is
no default, breach or violation existing thereunder by Borrower or, to the best
knowledge of Borrower, any other party thereto and no event (other than
payments due but not yet delinquent) which, with the passage of time or with
notice and the expiration of any grace or cure period, would constitute a
default, breach or violation by Borrower or, to the best knowledge of Borrower,
any other party thereunder or entitle Borrower or, to the best knowledge of
Borrower, any other party thereto to terminate any such agreement.

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(q)           Leases.
No Mortgaged Property is subject to any Leases other than the Leases described
in the rent rolls delivered to Lender in connection with the making of the Loan.
No person has any possessory interest in any Mortgaged Property or right to
occupy the same except under and pursuant to the provisions of the Leases. The
current Leases are in full force and effect and, except as set forth on the
rent rolls delivered to Lender in connection with the making of the Loan or as
disclosed on Schedule 4, there are no monetary or other material defaults
thereunder by either party and no conditions which with the passage of time
and/or notice would constitute monetary or other material defaults thereunder. Except
as disclosed on Schedule 4, no portion of the Mortgaged Property is
leased to or occupied by any Affiliate of Borrower. Except as disclosed on Schedule 4,
all Leases at each Mortgaged Property consist solely of Leases of Homesites and
related common areas, and not of other portions of the Mortgaged Property. Except
as disclosed on Schedule 4, Borrower does not own any manufactured
homes or mobile homes, whether or not located at the Mortgaged Property. No
material termination payments or fees are due in the event Borrower cancels or
terminates any commercial Leases to which it is a party.

(r)            The
only homes Borrower owns are listed on Schedule 13 hereto (each, a “Manager
Home”).

Section 4.3.            Survival of Representations. Borrower agrees that (i) all
of the representations and warranties of Borrower set forth in Section 4.1
and 4.2 and in the other Loan Documents delivered on the Closing Date
are made as of the Closing Date, and (ii) all representations and
warranties made by Borrower shall survive the delivery of the Note and making
of the Loan and continue for so long as any amount remains owing to Lender
under this Agreement, the Note or any of the other Loan Documents; provided,
however, that the representations set forth in Section 4.2(e) shall
survive for five (5) years following repayment of the Indebtedness. All
representations, warranties, covenants and agreements made in this Agreement or
in the other Loan Documents shall be deemed to have been relied upon by Lender
notwithstanding any investigation heretofore or hereafter made by Lender or on
Lender’s behalf.

ARTICLE
V.

AFFIRMATIVE COVENANTS

Section 5.1.            Affirmative Covenants. Borrower covenants and
agrees that, from the date hereof and until payment in full of the
Indebtedness:

(a)           Existence;
Compliance with Legal Requirements: 
Insurance. Borrower shall do or cause to be done all things
necessary to preserve, renew and keep in full force and effect its existence as
a limited liability company, and any rights, licenses, Permits and franchises
necessary for the conduct of its business and will comply with all Legal
Requirements and Insurance Requirements applicable to it and to each Mortgaged
Property in all material respects. Borrower shall at all times maintain,
preserve and protect all franchises and trade names and preserve all the
remainder of its property necessary for the continued conduct of its business
and keep the Mortgaged Property in good repair, working order and condition,
except for reasonable wear and use (and except for casualty losses as to which
other provisions hereof shall govern), and from time to time make, or cause to
be made, all reasonably necessary repairs, renewals, replacements, betterments
and improvements thereto.

 

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(b)           Basic Carrying Costs and Other Claims; Contest.

(i)            Subject
to Borrower’s contest rights set forth in Section 5.1(b)(ii) below,
Borrower will pay when due (A) all Basic Carrying Costs with respect to
Borrower and the Mortgaged Property; (B) all claims (including claims for
labor, services, materials and supplies) for sums that have become due and
payable and that by law have or may become a Lien upon any of the Mortgaged
Property or its other properties or assets (hereinafter referred to as the “Lien
Claims”); and (C) all federal, state and local income taxes, sales
taxes, excise taxes and all other taxes and assessments of Borrower on its
business, income or assets; in each instance before any penalty or fine is
incurred with respect thereto. Borrower’s obligation to pay Basic Carrying
Costs pursuant to this Agreement shall include, to the extent permitted by
applicable law, Impositions resulting from future changes in law which impose
upon Lender an obligation to pay any property taxes on the Mortgaged Property
or other Impositions.

(ii)           Borrower
shall not be required to pay, discharge or remove any Imposition or Lien Claim
so long as Borrower contests in good faith such Imposition or Lien Claim or the
validity, applicability or amount thereof by an appropriate legal proceeding
which operates to prevent the collection of such amounts and the sale of the
applicable Mortgaged Property or any portion thereof, so long as:

(A)          the Indebtedness
shall not have been accelerated, if an Event of Default shall have occurred and
be continuing;

(B)           prior to the date on
which such Imposition or Lien Claim would otherwise have become delinquent,
Borrower shall have given Lender prior written notice of its intent to contest
said Imposition or Lien Claim and deposited with Lender (or with a court of
competent jurisdiction or other appropriate body approved by Lender) such
additional amounts as are necessary to keep on deposit at all times, an amount
equal to at least one hundred twenty five percent (125%) (or such higher amount
as may be required by applicable law) of the total of (x) the balance of
such Imposition or Lien Claim then remaining unpaid, and (y) all interest,
penalties, costs and charges accrued or accumulated thereon, together with such
other security as may be required in the proceeding, or as may be required by
Lender, to insure the payment of any such Imposition or Lien Claim and all
interest and penalties thereon; provided, that notwithstanding the
foregoing, with respect to Impositions or Lien Claims in an amount not in
excess of $100,000, Borrower shall not be required to deposit such amounts with
the Lender, so long as Borrower demonstrates to the reasonable satisfaction of
the Lender that Borrower has otherwise reserved such funds or such funds are otherwise
available to the Borrower;

(C)           no risk of sale,
forfeiture or loss of any interest in the Mortgaged Property or any part
thereof arises, in Lender’s judgment, during the pendency of such contest;

(D)          such contest does
not, in Lender’s determination, have a Material Adverse Effect;

 76
 

 

 

(E)           such contest is
based on bona fide,
material, and reasonable claims or defenses;

(F)           such proceeding
shall be permitted under and be conducted in accordance with the provisions of
any other instrument to which Borrower is subject and shall not constitute a
default thereunder and such proceeding shall be conducted in accordance with
all applicable statutes, laws and ordinances; and

(G)           Borrower shall have
obtained such endorsements to the Title Insurance Policy with respect to such
Imposition or Lien Claim as Lender may require (or escrowed with a title
insurance company funds sufficient to obtain such endorsements pursuant to
escrow arrangements reasonably satisfactory to Lender).

(iii)          Any
such contest shall be prosecuted with due diligence, and Borrower shall
promptly pay the amount of such Imposition or Lien Claim as finally determined,
together with all interest and penalties payable in connection therewith. Lender
shall have full power and authority, but no obligation, to apply any amount
deposited with Lender under this subsection to the payment of any unpaid
Imposition or Lien Claim to prevent the sale or forfeiture of the Mortgaged
Property for non-payment thereof, if Lender reasonably believes that such sale
or forfeiture is threatened. Any surplus retained by Lender after payment of
the Imposition or Lien Claim for which a deposit was made shall be promptly
repaid to Borrower unless an Event of Default shall have occurred, in which
case said surplus may be retained by Lender to be applied as Lender, in its
sole and absolute discretion, may elect.

(c)           Litigation.
Borrower shall give prompt written notice to Lender of any material litigation
or governmental proceedings pending or threatened (in writing) against Borrower,
or the Mortgaged Property, other than personal injury litigation which is
covered by insurance, eviction matters with respect to tenants or occupants (in
which no counterclaims for material damages or liabilities are made against
Borrower), and matters related to enforcement of building or zoning codes (as
long as the Mortgaged Property is in material compliance with such building and
zoning codes).

(d)           Environmental Remediation.

(i)            If
any investigation, site monitoring, cleanup, removal, restoration or other
remedial work of any kind or nature is required pursuant to an order or
directive of any Governmental Authority or under any applicable Environmental
Law, because of or in connection with the current or future presence, suspected
presence, Release or suspected Release of a Hazardous Substance on, under or
from any Mortgaged Property or any portion thereof (collectively, the “Remedial
Work”), Borrower shall promptly commence and diligently prosecute to
completion all such Remedial Work, and shall conduct such Remedial Work in
accordance with the National Contingency Plan promulgated under the
Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C.
§ 9601 et seq. (“CERCLA”), if applicable, and in accordance with other
applicable Environmental Laws. In all events, such Remedial Work shall be
commenced within such period of time as required under any applicable
Environmental Law. If any fungus, mold, mildew or other biological agent is
present at any Mortgaged Property in a manner or at a level that is reasonably
likely to materially 

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adversely affect the value or utility of such Mortgaged Property or
that poses a significant health risk, the Borrower shall promptly commence and
diligently prosecute to completion the remediation of such condition to the
reasonable satisfaction of the Lender or its servicer.

(ii)           If
reasonably requested by Lender, all Remedial Work under clause (i) above
shall be performed by contractors, and, if the work is reasonably anticipated
to cost in excess of $75,000, under the supervision of a consulting Engineer,
each approved in advance by Lender which approval shall not be unreasonably
withheld or delayed. Borrower shall pay all costs and expenses reasonably
incurred in connection with such Remedial Work. If Borrower does not timely
commence and diligently prosecute to completion the Remedial Work, Lender may
(but shall not be obligated to), upon 10 days prior written notice to Borrower
of its intention to do so, cause such Remedial Work to be performed. Borrower
shall pay or reimburse Lender on demand for all expenses (including reasonable
attorneys’ fees and disbursements, but excluding internal overhead,
administrative and similar costs of Lender) reasonably relating to or incurred
by Lender in connection with monitoring, reviewing or performing any Remedial
Work in accordance herewith.

(iii)          Borrower
shall not commence any Remedial Work under clause (i) above, nor
enter into any settlement agreement, consent decree or other compromise
relating to any Hazardous Substances or Environmental Laws without providing
notice to Lender as provided in Section 5.1(f). Notwithstanding the
foregoing, if the presence or threatened presence of Hazardous Substances on,
under, about or emanating from the Mortgaged Property poses an immediate threat
to the health, safety or welfare of any Person or the environment, or is of
such a nature that an immediate response is necessary or required under
applicable Environmental Law, Borrower may complete all necessary Remedial Work.
In such events, Borrower shall notify Lender as soon as practicable and, in any
event, within three (3) Business Days, of any action taken.

(iv)          In
the event the Environmental Report recommends the development of an operation
and maintenance program for any recognized environmental condition at a
Mortgaged Property (including, without limitation, underground storage tanks
asbestos and asbestos containing materials, lead-based paints and lead in water
supplies) (“O & M Program”), Borrower shall develop an O &
M Program, as approved by Lender, in Lender’s sole discretion, and shall,
during the term of the Loan, including any extension or renewal thereof, comply
in all respects with the terms and conditions of the O & M Program.

(e)           Environmental Matters; Inspection.

(i)            Borrower
shall not knowingly permit any Hazardous Substances to be present on or under
or to emanate from the Mortgaged Property, or migrate from adjoining property
onto or into the Mortgaged Property, except under conditions permitted by applicable
Environmental Laws and, in the event that such Hazardous Substances are present
on, under or emanate from the Mortgaged Property, or migrate onto or into the
Mortgaged Property, Borrower shall cause the removal or remediation of such
Hazardous Substances, in accordance with this Agreement and as required by
Environmental Laws (including, where applicable, the National Contingency Plan
promulgated pursuant to the CERCLA), either on its own behalf or by causing a
tenant or other party legally responsible therefor to perform such 

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removal and remediation. Borrower shall use commercially reasonable
efforts to prevent, and to seek the remediation of, any migration of Hazardous
Substances onto or into the Mortgaged Property from any adjoining property.

(ii)           Upon
reasonable prior written notice, Lender shall have the right, except as
otherwise provided under Leases, at all reasonable times during normal business
hours to enter upon and inspect environmental conditions with respect to all or
any portion of any Mortgaged Property, provided that such inspections
shall not unreasonably interfere with the operation or the tenants, residents
or occupants of any Mortgaged Property. If Lender has reasonable grounds to
suspect that Remedial Work may be required, Lender shall notify Borrower and,
thereafter, may select a consulting Engineer to conduct and prepare reports of
such inspections (with notice to Borrower prior to the commencement of such
inspection). Borrower shall be given a reasonable opportunity to review any
reports, data and other documents or materials reviewed or prepared by the
Engineer, and to submit comments and suggested revisions or rebuttals to same. The
inspection rights granted to Lender in this Section 5.1(e) shall
be in addition to, and not in limitation of, any other inspection rights
granted to Lender in this Agreement, and shall expressly include the right (if
Lender reasonably suspects that Remedial Work may be required) to conduct soil
borings, establish ground water monitoring wells and conduct other customary
environmental tests, assessments and audits.

(iii)          Borrower
agrees to bear and shall pay or reimburse Lender on demand for all sums
advanced and reasonable expenses incurred (including reasonable attorneys’ fees
and disbursements, but excluding internal overhead, administrative and similar
costs of Lender) reasonably relating to, or incurred by Lender in connection
with, the inspections and reports described in this Section 5.1(e) (to
the extent such inspections and reports relate to any Mortgaged Property) in
the following situations:

(A)          If Lender has
reasonable grounds to believe, at the time any such inspection is ordered, that
there exists an occurrence or condition that could lead to a material
Environmental Claim with respect to such Mortgaged Property;

(B)           If any such
inspection reveals an occurrence or condition that is reasonably likely to lead
to a material Environmental Claim with respect to such Mortgaged Property; or

(C)           If an Event of
Default with respect to such Mortgaged Property exists at the time any such
inspection is ordered, and such Event of Default relates to any representation,
covenant or other obligation pertaining to Hazardous Substances, Environmental
Laws or any other environmental matter.

(f)            Environmental Notices. Borrower shall promptly
provide notice to Lender of:

(i)            a
material Environmental Claim asserted by any Governmental Authority with
respect to any Hazardous Substance on, in, under or emanating from any
Mortgaged Property;

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(ii)           any
proceeding, investigation or inquiry commenced or threatened in writing by any
Governmental Authority, against Borrower, any Affiliate of Borrower or with
respect to any Mortgaged Property concerning the presence, suspected presence,
Release or threatened Release of Hazardous Substances from or onto, in or under
any property not owned by Borrower (including, without limitation, proceedings
under the CERCLA;

(iii)          a
material Environmental Claims asserted or threatened against Borrower, against
any other party occupying any Mortgaged Property or any portion thereof which
become known to Borrower or against any Mortgaged Property;

(iv)          the
discovery by Borrower of a material occurrence or condition giving rise to an
obligation of the Borrower to the Lender hereunder on any Mortgaged Property or
on any real property adjoining or in the vicinity of any Mortgaged Property;

(v)           the
commencement or completion of any Remedial Work; and

(vi)          any
of the foregoing clauses (i) — (v) as to which a tenant notifies
Borrower under a Lease with respect to such tenant.

(g)           Copies
of Notices. Borrower shall transmit to Lender copies of any citations,
orders, notices or other written communications received from any Person and
any notices, reports or other written communications submitted to any
Governmental Authority with respect to the matters described in Section 5.1(f).

(h)           Environmental
Claims. Lender may join and participate in, as a party if Lender so
determines, any legal or administrative proceeding or action concerning the
Mortgaged Property or any portion thereof under any Environmental Law, if, in
Lender’s reasonable judgment, the interests of Lender shall not be adequately
protected by Borrower; provided, however, that Lender shall not
participate in day-to-day decision making with respect to environmental
compliance. Borrower shall pay or reimburse Lender on demand for all reasonable
sums advanced and reasonable expenses incurred (including reasonable attorneys’
fees and disbursements, but excluding internal overhead, administrative and
similar costs of Lender) by Lender in connection with any such action or
proceeding.

(i)            Environmental
Indemnification. Borrower shall indemnify, reimburse, defend, and hold
harmless Lender, and each of its respective parents, subsidiaries, Affiliates,
shareholders, directors, officers, employees, representatives, agents,
successors, assigns and attorneys (collectively, the “Indemnified Parties”)
for, from, and against all demands, claims, actions or causes of action,
assessments, losses, damages, liabilities, costs and expenses (including,
without limitation, interest, penalties, reasonable attorneys’ fees,
disbursements and expenses, and reasonable consultants’ fees, disbursements and
expenses (but excluding internal overhead, administrative, lost opportunity and
similar costs of Lender)), asserted against, resulting to, imposed on, or
incurred by any Indemnified Party, directly or indirectly, in connection with
any of the following (except to the extent same are directly and solely caused
by the gross negligence or willful misconduct of any Indemnified Party):

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(i)            events,
circumstances, or conditions which form the reasonable basis for an
Environmental Claim;

(ii)           any
pollution or threat to human health or the environment that is related in any
way to Borrower’s or any previous owner’s or operator’s management, use,
control, ownership or operation of any Mortgaged Property (including, without
limitation, all on-site and off-site activities involving Hazardous
Substances), and whether occurring, existing or arising prior to or from and
after the date hereof, and whether or not the pollution or threat to human
health or the environment is described in the Environmental Reports;

(iii)          any
Environmental Claim against any Person whose liability for such Environmental
Claim Borrower has or may have assumed or retained either contractually or by
operation of law; or

(iv)          the
breach of any representation, warranty or covenant set forth in Section 4.2(e) and
Sections 5.1(d) through 5.1(i), inclusive.

The provisions of and undertakings and
indemnification set forth in this Section 5.1(i) shall survive
the satisfaction and payment of the Indebtedness and termination of this
Agreement.

(j)            General Indemnity.

(i)            Borrower
shall, at its sole cost and expense, protect, defend, indemnify, release and
hold harmless the Indemnified Parties for, from and against any and all claims,
suits, liabilities (including, without limitation, strict liabilities),
administrative and judicial actions and proceedings, obligations, debts,
damages, losses, costs, expenses, fines, penalties, charges, fees, expenses,
judgments, awards, amounts paid in settlement, and litigation costs, of
whatever kind or nature and whether or not incurred in connection with any
judicial or administrative proceedings (including, but not limited to,
reasonable attorneys’ fees and other reasonable costs of defense) (the “Losses”)
imposed upon or incurred by or asserted against any Indemnified Parties (except
as to any Indemnified Party to the extent same are directly and solely caused
by the gross negligence or willful misconduct of such Indemnified Party) and
directly or indirectly arising out of or in any way relating to any one or more
of the following:

(A)          ownership of the Note
or any of the other Loan Documents or otherwise related to the Mortgaged
Property or any interest therein or receipt of any Rents or Accounts;

(B)           any untrue statement
of any material fact contained in any information concerning Borrower, the
Mortgaged Property or the Loan or the omission to state therein a material fact
required to be stated in such information or necessary in order to make the
statements in such information or in light of the circumstances under which
they were made not misleading;

(C)           any and all lawful
action that may be taken and is taken by the Lender in connection with the
enforcement of the provisions of this Agreement, the Note or any of the other
Loan Documents, whether or not suit is filed in connection with same, or in
connection with Borrower or any Affiliate of Borrower 

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becoming a
party to a voluntary or involuntary federal or state bankruptcy, insolvency or
similar proceeding;

(D)          any accident, injury
to or death of persons or loss of or damage to property occurring in, on or
about any Mortgaged Property or any part thereof or on the adjoining sidewalks,
curbs, adjacent property or adjacent parking areas, streets or ways;

(E)           any use, nonuse or
condition in, on or about the Mortgaged Property or any part thereof or on the
adjoining sidewalks, curbs, adjacent property or adjacent parking areas,
streets or ways;

(F)           any failure on the
part of Borrower to perform or be in compliance with any of the terms of this
Agreement or any of the other Loan Documents;

(G)           performance of any
labor or services or the furnishing of any materials or other property in
respect of the Mortgaged Property or any part thereof pursuant to provisions of
this Agreement;

(H)          the failure of
Borrower to file timely with the Internal Revenue Service an accurate Form 1099-B,
Statement for Recipients of Proceeds from Real Estate, Broker and Barter
Exchange Transactions, which may be required in connection with this Agreement;

(I)            any failure of the
Mortgaged Property to be in compliance with any Legal Requirement;

(J)            the enforcement by
any Indemnified Party of the provisions of this Section 5.1(j); and

(K)          any and all claims
and demands whatsoever which may be asserted against Lender by reason of any
alleged obligations or undertakings on its part to perform or discharge any of
the terms, covenants, or agreements contained in any Lease.

Any amounts payable to an Indemnified Party
by reason of the application of this Section 5.1(j)(i) shall
become due and payable ten (10) days after written demand and shall bear
interest at the Default Rate from the tenth (10th) day after demand until paid.

(ii)           Borrower
shall, at its sole cost and expense, protect, defend, indemnify, release and
hold harmless the Indemnified Parties from and against any and all Losses
imposed upon or incurred by or asserted against any of the Indemnified Parties
and directly or indirectly arising out of or in any way relating to any tax on
the making and/or recording of this Agreement, the Note or any of the other
Loan Documents.

(iii)          Borrower
shall, at its sole cost and expense, protect, defend, indemnify, release and
hold harmless the Indemnified Parties from and against any and 

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all Losses (including, without limitation, reasonable attorneys’ fees
and costs) that the Indemnified Parties may incur, directly or indirectly, as a
result of a default under Borrower’s covenants with respect to ERISA and
employee benefits plans contained herein, including, without limitation, any
costs or expenses incurred in the investigation, defense, and settlement of
Losses incurred in correcting any prohibited transaction or in the sale of a
prohibited loan, and in obtaining any individual prohibited transaction
exemption under ERISA that may be required, in the Lender’s reasonable
discretion).

(iv)          Promptly
after receipt by an Indemnified Party under this Section 5.1(j) of
notice of the making of any claim or the commencement of any action, such
Indemnified Party shall, if a claim in respect thereof is to be made by such
Indemnified Party against Borrower under this Section 5.1(j), notify Borrower
in writing, but the omission so to notify Borrower will not relieve Borrower
from any liability which it may have to any Indemnified Party under this Section 5.1(j) or
otherwise. In case any such claim is made or action is brought against any
Indemnified Party and such Indemnified Party seeks or intends to seek indemnity
from Borrower, Borrower will be entitled to participate in, and, to the extent
that it may wish, to assume the defense thereof with counsel reasonably
satisfactory to the Indemnified Party; and, upon receipt of notice from
Borrower to such Indemnified Party of its election so to assume the defense of
such claim or action and only upon approval by the Indemnified Party of such
counsel (such approval not to be unreasonably withheld or delayed), Borrower
will not be liable to such Indemnified Party under this Section 5.1(j) for
any legal or other expenses subsequently incurred by such Indemnified Party in
connection with the defense thereof. Notwithstanding the preceding sentence,
each Indemnified Party will be entitled to employ counsel separate from such
counsel for Borrower and from any other party in such action if such
Indemnified Party reasonably determines that a conflict of interest exists
which makes representation by counsel chosen by Borrower not advisable. In such
event, Borrower shall pay the reasonable fees and disbursements of such
separate counsel. Borrower shall not, without the prior written consent of an
Indemnified Party, which consent shall not be unreasonably withheld or delayed,
settle or compromise or consent to the entry of any judgment with respect to
any pending or threatened claim, action, suit or proceeding in respect of which
indemnification may be sought hereunder (whether or not such Indemnified Party
is an actual or potential party to such claim or action) unless such
settlement, compromise or consent includes an unconditional release of each
Indemnified Party from all liability arising out of such claim, action, suit or
proceeding. Each Indemnified Party shall not enter into a settlement of or
consent to the entry of any judgment with respect to any action, claim, suit or
proceeding as to which an Indemnified Party would be entitled to
indemnification hereunder without the prior written consent of Borrower, which
consent shall not be unreasonably withheld or delayed.

The provisions of and undertakings and
indemnification set forth in this Section 5.1(j) shall survive
the satisfaction and payment of the Indebtedness and termination of this
Agreement.

(k)           Access
to Mortgaged Property. Borrower shall permit agents, representatives and
employees of Lender to inspect each Mortgaged Property or any part thereof at
such reasonable times as may be requested by Lender upon reasonable advance
written notice (except during an Event of Default), subject, however, to the
rights of Borrower and of the tenants of the Mortgaged Property.

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(l)            Notice
of Default. Borrower shall promptly advise Lender in writing of any change
in Borrower’s condition, financial or otherwise, that is reasonably likely to
have a Material Adverse Effect, or of the occurrence of any Default or Event of
Default.

(m)          Cooperate
in Legal Proceedings. Except with respect to any claim by Borrower, the
General Partner, the Member or the Guarantor against Lender, Borrower shall
reasonably cooperate with Lender with respect to any proceedings before any
Governmental Authority that are reasonably likely to in any way materially
affect the rights of Lender hereunder or any rights obtained by Lender under
any of the Loan Documents and, in connection therewith, shall not prohibit
Lender, at its election, from participating in any such proceedings.

(n)           Perform
Loan Documents. Borrower shall observe, perform and satisfy all the terms,
provisions, covenants and conditions required to be observed, performed or
satisfied by it, and shall pay when due all costs, fees and expenses required
to be paid by it, under the Loan Documents.

(o)           Insurance
Benefits. Borrower shall reasonably cooperate with Lender in obtaining for
Lender the benefits of any Insurance Proceeds lawfully or equitably payable to
Borrower or Lender in connection with any Mortgaged Property. Lender shall be
reimbursed for any expenses reasonably incurred in connection therewith
(including reasonable attorneys’ fees and disbursements, but excluding internal
overhead, administrative and similar costs of Lender) out of such Insurance
Proceeds, all as more specifically provided in this Agreement.

(p)           Further
Assurances. Borrower shall, at Borrower’s sole cost and expense:

(i)            upon
Lender’s reasonable request therefor given from time to time, pay for (a) reports
of UCC, tax lien, judgment and litigation searches with respect to Borrower,
and (b) searches of title to the Mortgaged Property, each such search to
be conducted by search firms designated by Lender in each of the locations
designated by Lender;

(ii)           furnish
to Lender all instruments, documents, certificates, title and other insurance
reports and agreements, and each and every other document, certificate, agreement
and instrument required to be furnished pursuant to the terms of the Loan
Documents;

(iii)          execute
and deliver to Lender such documents, instruments, certificates, assignments
and other writings, and do such other acts necessary, to evidence, preserve
and/or protect the Collateral at any time securing or intended to secure the
Note, as Lender may reasonably require (including, without limitation, tenant
estoppel certificates, an amended or replacement Mortgages, UCC financing
statements or Collateral Security Instruments);

(iv)          do
and execute all and such further lawful and reasonable acts, conveyances and
assurances for the better and more effective carrying out of the intents and
purposes of this Agreement and the other Loan Documents, as Lender shall
reasonably require from time to time; and

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(v)           upon
Lender’s request, execute and deliver to Lender such documents, instruments,
certificates, assignments and other writings and do such other acts necessary,
to perfect Lender’s first priority Lien on each Manager Home (subject to
Permitted Encumbrances).

(q)           Management of Mortgaged Property.

(i)            Each
Mortgaged Property shall be managed at all times by the current Manager or
another manager reasonably satisfactory to Lender, pursuant to a Management
Agreement. Any such Manager may be an Affiliate of Borrower, provided
that:  (a) the terms and conditions
of such Manager’s engagement are at arm’s length, reasonable, competitive and
customary in the applicable marketplace; and (b) Lender has approved such
Manager and such terms, which approval shall not be unreasonably withheld or
delayed. The Management Agreement, dated as of the date hereof, between the
Borrower and the Manager is deemed approved by Lender in all respects. Borrower
shall cause the Manager of the Mortgaged Property to agree that such Manager’s
Management Agreement is subject and subordinate in all respects to the
Indebtedness and to the Lien of the Mortgages. A Management Agreement may be
terminated or assigned (1) by Borrower at any time in accordance with the
provisions of such Management Agreement so long as a successor or assignee
Manager as specified below shall have been appointed and approved and such
successor Manager has (i) entered into (or assumed) a Management Agreement
in form and substance approved by Lender, which approval shall not be
unreasonably denied, conditioned or delayed, and (ii) has executed and
delivered a Manager’s Subordination to Lender, and (2) by Lender upon
thirty (30) days’ prior written notice to Borrower and the Manager (a) upon
the occurrence and continuation of an Event of Default or (b) if the
Manager commits any act which would permit termination under the Management
Agreement (subject to any applicable notice, grace and cure periods provided in
the Management Agreement) or (c) if a change of majority control occurs
with respect to the Manager. Notwithstanding the foregoing, any successor
manager selected hereunder by Lender or Borrower to manage the Mortgaged
Property shall be a reputable management company having substantial experience
in the management of real property of a similar type, size and quality in the
state in which the Mortgaged Property is located. Borrower may from time to
time appoint a successor manager to manage the Mortgaged Property with Lender’s
prior written consent, such consent not to be unreasonably withheld. Borrower
acknowledges and agrees that any consent or approval requested of Lender under
this Section may be conditioned by Lender, at Lender’s discretion, upon
Borrower first obtaining a Rating Confirmation with respect to such change in
management, and Lender shall not be deemed to be acting unreasonably in
requiring such a Rating Confirmation. Borrower further covenants and agrees
that any manager of Mortgaged Property shall at all times while any
Indebtedness is outstanding maintain worker’s compensation insurance as
required by Governmental Authorities.

(ii)           Borrower
further covenants and agrees that each Mortgaged Property shall be operated
pursuant to the Management Agreement and that Borrower shall:  (w) promptly perform and/or observe all
of the material covenants and agreements required to be performed and observed
by it under the Management Agreement and do all things reasonably necessary to
preserve and to keep unimpaired its material rights thereunder; (x) promptly
notify Lender of any material default under the Management Agreement of which
it is aware; (y) promptly deliver to Lender a copy of each financial
statement, business plan, capital 

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expenditures plan, notice and report received by it under the
Management Agreement, including, but not limited to, financial statements; and (z) promptly
enforce the performance and observance of the covenants and agreements required
to be performed and/or observed by the Manager under the Management Agreement.

(r)            Financial Reporting.

(i)            Borrower
shall keep and maintain or shall cause to be kept and maintained on a Fiscal
Year basis in accordance with GAAP consistently applied, books, records and
accounts reflecting in reasonable detail all of the financial affairs of
Borrower and all items of income and expense in connection with the operation
of the Mortgaged Property and ownership of the Mortgaged Property and in
connection with any services, equipment or furnishings provided in connection
with the operation of the Mortgaged Property, whether such income or expense
may be realized by Borrower or by any other Person whatsoever. Lender shall
have the right from time to time at all times during normal business hours upon
reasonable prior written notice to Borrower to examine such books, records and
accounts at the office of Borrower or other Person maintaining such books,
records and accounts and to make such copies or extracts thereof as Lender
shall desire. During the continuation of an Event of Default (including,
without limitation, an Event of Default resulting from the failure of Borrower
to deliver any of the financial information required to be delivered pursuant
to this Section 5.1(r)), Borrower shall pay any reasonable costs and
expenses incurred by Lender to examine Borrower’s accounting records, as Lender
shall reasonably determine to be necessary or appropriate in the protection of
Lender’s interest.

(ii)           Borrower
shall furnish to Lender annually, within ninety (90) days following the end of
each Fiscal Year, a complete copy of Borrower’s and Guarantor’s financial
statements, and in the case of the Guarantor, audited by a “Big Four”
accounting firm or such other Independent certified public accountant
acceptable to Lender (and in the case of Borrower, certified by Borrower), in
accordance with GAAP consistently applied covering Borrower’s and Guarantor’s
respective financial position and results of operations, for such Fiscal Year
and containing a statement of revenues and expenses, a statement of assets and
liabilities and a statement of Borrower’s or Guarantor’s (as applicable)
equity, all of which shall be in form and substance reasonably acceptable to
Lender. Any audit requirements of the Borrower pursuant to this Agreement may
be satisfied by delivery of the audited consolidated financial statements of
the Guarantor, provided that such financial statements of the Guarantor contain
(i) a separate income and expense statement for the Borrower and (ii) a
separate balance sheet, including a statement of Borrower’s equity. Lender
shall have the right from time to time to review and consult with respect to
the auditing procedures used in the preparation of such annual financial
statements. Together with Borrower’s and Guarantors’ annual financial
statements, Borrower shall furnish, and cause Guarantor to furnish, to Lender
an Officer’s Certificate certifying as of the date thereof (x) that the
annual financial statements present fairly in all material respects the results
of operations and financial condition of Borrower or Guarantor, as applicable,
all in accordance with GAAP consistently applied, and (y) whether there
exists an Event of Default or Default, and if such Event of Default or Default
exists, the nature thereof, the period of time it has existed and the action
then being taken to remedy same.

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(iii)          Borrower
shall furnish to Lender, within forty-five (45) days following the end of each
Fiscal Year quarter true, complete and correct quarterly unaudited financial
statements (including statements of cash flow) prepared in accordance with GAAP
with respect to Borrower and Guarantor for the portion of the Fiscal Year then
ended.

(iv)          No
later than thirty (30) days following the end of each of the months of
December, March, June, and September, beginning with the month ending at December 31,
2006, Borrower shall prepare and deliver to Lender and its servicer a statement
(each a “Quarterly Statement”) in substantially the form of Schedule
8 hereto, setting forth with respect to the Mortgaged Property,

(A)          a rent roll dated as
of the last day of such quarter identifying the name of each tenant and the
associated Homesite, security deposit, amount due at the beginning of the
month, charges in the current month (including Homesite rent, water/sewer,
gas/electric, trash, mobile home rent, notes amount and other charges),
payments made during the month, amount due at the end of the month, total
Homesites at the Mortgaged Property and total occupied Homesites at the
Mortgaged Property, with the occupancy level expressed as a percentage;

(B)           quarterly and
year-to-date operating statements, each of which shall include an itemization
of actual (not pro forma) capital expenditures during the applicable period,
and which shall be prepared for each individual Mortgaged Property and, on a
consolidated basis, for all the Mortgaged Property; and

(C)           a quarterly and
year-to-date comparison of the budgeted income and expenses with the actual
income and expenses for such quarter and year to date, together with if
reasonably requested by Lender, a detailed explanation of any variances between
budgeted and actual amounts that are in excess of five percent (5%) for each
line item therein.

(v)           Within
thirty (30) days after the end of each calendar month (and as to rent rolls
requested by Lender on an interim basis, within thirty (30) days after Lender’s
request therefor), Borrower shall provide to Lender and its servicer a
statement (each a “Monthly Statement”) in substantially the form of Schedule
9 hereto, setting forth with respect to the Mortgaged Property

(A)          a certified rent
roll, for each individual Mortgaged Property containing the information
referred to in Section 5.1(r)(iv)(A),

(B)           a certification of
all prepaid Rent that has been collected for each individual Mortgaged Property
more than one (1) month in advance of its due date,

(C)           monthly operating
financial statements for the last twelve (12) months, including a comparison on
a year-to-date basis to budget and prior year, for each individual Mortgaged
Property and, on a consolidated basis, for Borrower,

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(D)          a monthly occupancy
report which includes data quantifying the total number of Homesites, beginning
occupancy, monthly move-in and move-out data for residents, Master Lease
Deposits, rentals and change of occupancy, ending monthly occupancy, ending
monthly occupancy percentage, budgeted occupancy percentage, total rentals,
rentals as a percentage of Homesites, total occupied rentals, rental occupancy
percentage, total repossessions and repossessions as a percentage of total
Homesites, and

(E)           a certification of
the amount of Master Lease Deposits due under each Master Homesite Lease
Agreement in the aggregate broken out on a lease-by-lease basis.

(vi)          Borrower
shall furnish to Lender, within fifteen (15) Business Days after request, such
further information with respect to the operation of the Mortgaged Property and
the financial affairs of Borrower as may be reasonably requested by Lender,
including all business plans prepared for Borrower.

(vii)         Borrower
shall furnish to Lender, within fifteen (15) Business Days after request, such
further information regarding any Plan or Multiemployer Plan and any reports or
other information required to be filed under ERISA as may be reasonably
requested by Lender in writing.

(viii)        At
least thirty (30) days prior to the end of each of Borrower’s Fiscal Years,
Borrower shall submit or cause to be submitted to Lender for its approval, such
approval not to be unreasonably withheld or delayed, a preliminary Operating
Budget (and before the end of such Fiscal Year, a final Operating Budget) for
Property Expenses for the next Fiscal Year for the Mortgaged Property. Such
Operating Budget may allow for a ten percent (10%) line item variance. Until so
approved by Lender for the subsequent Fiscal Year in accordance with the
procedure set forth in Section 5.1(r)(ix) below, the Operating
Budget approved by Lender for the preceding Fiscal Year shall remain in effect
for purposes of Section 2.12; provided, that for so long as
such prior Operating Budget remains in effect, amounts set forth in the prior
Operating Budget with respect to Property Expenses shall be deemed increased
with respect to actual increases in Basic Carrying Costs and non-discretionary
utility expenditures and shall be deemed increased by three percent (3%) with
regard to discretionary items.

(ix)           Borrower
shall submit any proposed Operating Budget in writing sent by recognized
overnight delivery service or by registered or certified mail (and simultaneously
shall contact the Lender by telephone and by electronic mail) in accordance
with the terms of this Agreement (the “First Notice”), requesting Lender’s
approval of such Operating Budget. Lender shall use reasonable efforts to
deliver to Borrower its written approval or disapproval of the proposed
Operating Budget within ten (10) Business Days after Lender shall have
received the First Notice. Unless Lender shall have approved the Operating
Budget contained in the First Notice, Lender’s approval shall be deemed to be
withheld. If Borrower does not receive Lender’s response at the end of such ten
(10) Business Days period, Borrower may resubmit its written request to
Lender (the “Second Notice”). The Second Notice shall make reference to
the First Notice and shall bear the following legend in capital letters:

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“LENDER’S FAILURE TO RESPOND TO THIS REQUEST
FOR APPROVAL WITHIN TEN (10) BUSINESS DAYS FOLLOWING RECEIPT SHALL BE
DEEMED TO CONSTITUTE LENDER’S CONSENT TO THE OPERATING BUDGET DESCRIBED HEREIN.”

If Lender does not approve or disapprove the
proposed Operating Budget within ten (10) Business Days after Lender shall
have received Borrower’s Second Notice, Lender shall be deemed to have approved
the proposed Operating Budget.

(x)            Together
with the financial statements, rent rolls, operating statements and other
documents and information provided to Lender by or on behalf of Borrower under
this Section, Borrower also shall deliver to Lender a certification in form and
substance reasonably satisfactory to Lender, executed on behalf of Borrower by
its chief executive officer or chief financial officer (or by the individual
Guarantor if the Guarantor is an individual) stating that, to such officer’s or
individual’s knowledge, such financial statements, rent rolls, operating
statements and other documents and information are true and complete in all
material respects.

(xi)           For
purposes of this Section 5.1(r), all of the financial reporting
requirements may be satisfied by the Borrower posting the required deliveries
on a secure website reasonably satisfactory to the Lender and sending to the
Lender and its servicer each month an electronic mail communication notifying
the Lender and its servicer of the linkage to such website; provided
that notwithstanding the foregoing, in the event the Lender includes the Loan
in a Secondary Market Transaction in which Securities are issued or otherwise
changes the identity of its servicer to a Person other than the initial
servicer identified to the Borrower as of the Closing Date, then the Lender may
require that such deliveries be made to Lender and its servicer in hard copy
and on diskette or through electronic mail (including Microsoft Excel format),
in form and substance reasonably acceptable to Lender.

(s)           Operation
of Mortgaged Property. Borrower shall cause the operation of each Mortgaged
Property to be conducted at all times in a manner consistent with at least the
level of operation of such Mortgaged Property as of the Closing Date,
including, without limitation, the following:

(i)            to
maintain or cause to be maintained the standard of each Mortgaged Property at
all times at a level not lower than that maintained by prudent managers of
similar facilities or land in the region where the Mortgaged Property is
located;

(ii)           to
operate or cause to be operated each Mortgaged Property in a prudent manner in
compliance in all material respects with applicable Legal Requirements and
Insurance Requirements relating thereto and maintain or cause to be maintained
all material licenses, Permits and any other agreements necessary for the
continued use and operation of each Mortgaged Property;

(iii)          to
maintain or cause to be maintained sufficient Inventory and Equipment of types
and quantities at each Mortgaged Property to enable Borrower to operate 

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each Mortgaged Property and to comply in all material respects with all
Leases affecting each Mortgaged Property; and

(iv)          to
continue to own and to maintain or cause to be maintained each Manager Home at
least at the level of a prudent owner of manufactured homes similar to such
Manager Home; and

(v)           to
maintain the number of Homesites at each Mortgaged Property which is set forth
on Schedule 3 attached hereto, as such number may be updated from time
to time with the mutual written agreement of Lender by Borrower provided,
however, that if such update is an increase in the number of Homesites, or is a
decrease in the number of Homesites which satisfies the Homesite Decrease
Conditions, Lender’s consent shall not be required.

(t)            Material
Agreements. Except for Leases and any Management Agreement complying with
the Loan Documents, Borrower shall not enter into or become obligated under any
material agreement pertaining to the Mortgaged Property, including without
limitation brokerage agreements, unless the same may be terminated without
cause and without payment of a penalty or premium, on not more than thirty (30)
days’ prior written notice. Borrower will (A) comply with the requirements
of all present and future applicable laws, rules, regulations and orders of any
governmental authority in all jurisdictions in which it is now doing business
or may hereafter be doing business, (B) maintain all material licenses and
permits now held or hereafter acquired by Borrower, and (C) perform,
observe, comply and fulfill all of its obligations, covenants and conditions
contained in any material agreement pertaining to the Mortgaged Property.

(u)           ERISA.
Borrower shall deliver to Lender as soon as possible, and in any event within
ten days after Borrower knows or has reason to believe that any of the events
or conditions specified below with respect to any Plan or Multiemployer Plan
has occurred or exists, an Officer’s Certificate setting forth details
respecting such event or condition and the action, if any, that Borrower or its
ERISA Affiliate proposes to take with respect thereto (and a copy of any report
or notice required to be filed with or given to PBGC by Borrower or an ERISA
Affiliate with respect to such event or condition):

(i)            any
reportable event, as defined in Section 4043(b) of ERISA and the
regulations issued thereunder, with respect to a Plan, as to which PBGC has not
by regulation waived the requirement of Section 4043(a) of ERISA that
it be notified within thirty (30) days of the occurrence of such event
(provided that a failure to meet the minimum funding standard of Section 412
of the Code or Section 302 of ERISA, including, without limitation, the
failure to make on or before its due date a required installment under Section 412(m) of
the Code or Section 302(e) of ERISA, shall be a reportable event
regardless of the issuance of any waivers in accordance with Section 412(d) of
the Code); and any request for a waiver under Section 412(d) of the
Code for any Plan;

(ii)           the
distribution under Section 4041(c) of ERISA of a notice of intent to
terminate any Plan or any action taken by Borrower or an ERISA Affiliate to
terminate any Plan;

 

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(iii)          the
institution by PBGC of proceedings under Section 4042 of ERISA for the
termination of, or the appointment of a trustee to administer, any Plan, or the
receipt by Borrower or any ERISA Affiliate of Borrower of a notice from a
Multiemployer Plan that such action has been taken by PBGC with respect to such
Multiemployer Plan;

(iv)          the
complete or partial withdrawal from a Multiemployer Plan by Borrower or any
ERISA Affiliate of Borrower that results in material liability under Section 4201
or 4204 of ERISA (including the obligation to satisfy secondary liability as a
result of a purchaser default) or the receipt by Borrower or any ERISA
Affiliate of Borrower of notice from a Multiemployer Plan that it is in
reorganization or insolvency pursuant to Section 4241 or 4245 of ERISA or
that it intends to terminate or has terminated under Section 4041A of
ERISA;

(v)           the
institution of a proceeding by a fiduciary of any Multiemployer Plan against
Borrower or any ERISA Affiliate of Borrower to enforce Section 515 of
ERISA, which proceeding is not dismissed within thirty (30) days;

(vi)          the
adoption of an amendment to any Plan that, pursuant to Section 401(a)(29)
of the Code or Section 307 of ERISA, would result in the loss of
tax-exempt status of the trust of which such Plan is a part if Borrower or an
ERISA Affiliate of Borrower fails to timely provide security to the Plan in
accordance with the provisions of said Sections; and

(vii)         the
imposition of a lien or a security interest in connection with a Plan.

(v)           Intentionally
omitted.

(w)          Secondary Market Transaction. Borrower
acknowledges that Lender and its successors and assigns may (i) sell all
or any portions of the Loan or the Notes in one or more transactions through
the issuance of securities, which securities may be rated by the Rating
Agencies, (ii) sell or participate the Loan or the Notes to one or more
investors, (iii) deposit all or any portion of the Loan or the Notes with
one or more trusts, which trusts may sell certificates to investors evidencing
an ownership interest in the trust assets, (iv) sell or otherwise transfer
the Loan, the Notes or any portion of the Loan or the Notes one or more times, (v) re-securitize
the securities issued in connection with any securitization, or (vi) further
divide the Loan or the Notes into two or more separate notes or components
which may take the form of senior/junior/mezzanine notes or components or
senior/subordinate notes or components or multiple components of any such
division, and which may be secured by one or more or a combination of mortgages
of real property interests and/or pledges of direct and/or indirect equity
interests in any Borrower (the transactions referred to in clauses (i) through
(vi) above are hereinafter each referred to as a “Secondary Market
Transaction”). Borrower shall cooperate with Lender in attempting to effect
or effecting any such Secondary Market Transaction and shall cooperate in
attempting to implement or implementing all requirements imposed by any Rating
Agency involved in any Secondary Market Transaction, including but not limited
to,

(i)            providing
Lender an estoppel certificate and such information, legal opinions and
documents (including updated non-consolidation opinions) 

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relating to Borrower, the Guarantor, the Member, the Mortgaged Property
and any tenants of the Mortgaged Property as Lender or the Rating Agencies or
other Interested Parties (as defined below), may reasonably request in
connection with such Secondary Market Transaction, including, without
limitation, updated financial information, appraisals, market studies,
environmental reviews (Phase I’s and, if appropriate, Phase II’s),
Mortgaged Property condition reports and other due diligence investigations
together with appropriate verification of such updated information and reports
through letters of auditors and consultants, as of the closing date of the
Secondary Market Transaction,

(ii)           amending
the Loan Documents and Organizational Agreement of Borrower, updating and/or
restating officer’s certificates, title insurance and other closing items, and
providing updated representations and warranties in Loan Documents and such
additional representations and warranties as may be required by Lender or the
Rating Agencies, provided such amendment or update (1) shall not change
any of the financial terms of the Loan or result in a material increase in the
Borrower’s obligations or a material decrease in the Borrower’s rights and (2) with
respect to any amendment of an Organizational Agreement, must have been required
by the Rating Agencies,

(iii)          participating
in bank, investors and Rating Agencies’ meetings if requested by Lender,

(iv)          upon
Lender’s request, amending the Loan Documents (and updating and/or restating
officer’s certificates, title insurance and other closing items in connection
therewith) to divide the Loan into a first and a second mortgage loan, or into
a one or more loans secured by mortgages and by ownership interests in Borrower
in whatever proportion Lender determines, which separated loans may have
different interest rates and amortization schedules (but with aggregated
financial terms which are equivalent to that of the Loan prior to such
separation, including, so long as an Event of Default has not occurred and is
not continuing, a ratable allocation of prepayments among the Loan components)
and thereafter to engage in separate Secondary Market Transactions with respect
to all or any part of the indebtedness and loan documentation, and

(v)           reviewing the offering documents relating to
any Secondary Market Transaction to ensure that all information concerning
Borrower, the Guarantor, the Mortgaged Property, and the Loan is correct, and
certifying to the accuracy thereof.

Lender shall be permitted to share all such
information with the investment banking firms, Rating Agencies, accounting
firms, law firms and other third-party advisory firms and trustees, purchasers,
transferees, assignees, trustees, servicers and actual or potential investors
involved with the Loan and the Loan Documents or the applicable Secondary
Market Transaction (collectively, “Interested Parties”). Lender and all
of the aforesaid Interested Parties shall be entitled to rely on the
information supplied by, or on behalf of, Borrower. Lender may publicize the
existence of the Loan in connection with its marketing for a Secondary Market
Transaction or otherwise as part of its business development. Borrower shall provide such reasonable
access to the Mortgaged Property and personnel of the Manager and of Borrower’s
constituent members and the business and operations of all of the foregoing as
Lender or other Interested Parties may 

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request in connection with any such Secondary
Market Transaction. Borrower understands that any such information may be
incorporated into any offering circular, prospectus, prospectus supplement,
private placement memorandum or other offering documents for any Secondary
Market Transaction. Without limiting the foregoing, Borrower and Guarantor
shall provide in connection with each of (i) a preliminary and a final
private placement memorandum or (ii) a preliminary and final prospectus or
prospectus supplement, as applicable (the documents referred to in the
foregoing clauses (i) and (ii), collectively, the “Disclosure Documents”),
an agreement certifying that Borrower and Guarantor have examined such
Disclosure Documents specified by Lender and that each such Disclosure
Document, as it relates to Borrower, Guarantor, any Affiliates, the Mortgaged
Property and Manager, does not contain any untrue statement of a material fact
or omit to state a material fact necessary in order to make the statements
made, in the light of the circumstances under which they were made, not
misleading (a “Disclosure Certificate”). Borrower and Guarantor shall
indemnify, defend, protect and hold harmless Lender, its Affiliates, directors,
employees, agents and each Person, if any, who controls Lender or any such
Affiliate within the meaning of Section 15 of the Securities Act of 1933
or Section 20 of the Securities Exchange Act of 1934, and any other
placement agent or underwriter with respect to any Securitization or Secondary
Market Transaction from and against any losses, claims, damages, liabilities,
costs and expenses (including, without limitation, reasonable attorneys’ fees
and disbursements) that arise out of or are based upon any untrue statement of
any material fact contained in any Disclosure Certificate or other information
or documents furnished by Borrower, Guarantor or their Affiliates or in any
representation or warranty of any Borrower contained herein or in the other
Loan Documents or arise out of or are based upon the omission or alleged
omission to state therein a material fact required to be stated in such
information or necessary in order to make the statements in such information
not materially misleading. In any Secondary Market Transaction, Lender may
transfer its obligations under this Loan Agreement and under the other Loan
Documents (or may transfer the portion thereof corresponding to the transferred
portion of the Indebtedness), and thereafter Lender shall be relieved of any
obligations hereunder and under the other Loan Documents arising after the date
of said transfer with respect to the transferred interest. Each transferee
investor shall become a “Lender” hereunder. The holders from time to time of
the Loan and/or any other interest of the “Lender” under this Loan Agreement
and the other Loan Documents may from time to time enter into one or more
co-lender or similar agreements in their discretion. Borrower acknowledges and
agrees that such agreements, as the same may from time to time be amended,
modified or restated, may govern the exercise of the powers and discretionary
authority of the Lender hereunder and under the other Loan Documents, but
Borrower shall be entitled to rely upon any actions taken by Lender or the
designated servicer(s) or agent(s) for Lender, whether or not within
the scope of its power and authority under such other agreements. Lender shall
be responsible for the payment of all out-of-pocket expenses incurred by the
Lender in connection with any Secondary Market Transaction and all of the
reasonable out-of-pocket expenses in excess of $10,000 incurred by the Borrower
in connection with its compliance with this Section 5.1(w).

(x)            Insurance.

(i)            Borrower,
at its sole cost and expense, shall keep the Improvements and Equipment insured
(including, but not limited to, any period of renovation, alteration and/or
construction) during the term of the Loan with the coverage and in the amounts 

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required under this Agreement for the mutual benefit of Borrower and
Lender against loss or damage by fire, lightning, wind and such other perils as
are customarily included in a standard “all-risk” or “special cause of loss”
form and against loss or damage by other risks and hazards covered by a
standard extended coverage insurance policy (which insurance shall in any
event, always include, without limitation, fire, lightning, hail, hurricane,
windstorm, tidal wave, explosion, acts of terrorism certified under the
Terrorism Risk Insurance Act of 2002, including any amendments or extensions
thereof, “TRIA,” riot and civil commotion, vandalism, malicious
mischief, strike, water damage, sprinkler leakage, collapse, burglary and theft
coverage arising as a result of covered perils under the standard “all risk”
policy and such other coverages as may be reasonably required by Lender on the
special form (formerly known as an all risk form)). Such insurance shall be
valued at an amount (i) equal to at least the then full replacement cost
of the Improvements and Equipment (exclusive of the cost of foundations and
footings), (provided, however, that Borrower-owned manufactured or mobile homes
may be insured in an amount not less than the actual cash value of such homes)
and (ii) such that the insurer would not deem Borrower a co-insurer under
said policies. The policies of insurance carried in accordance with this Section 5.1(x) shall
be paid not less than ten (10) days in advance of the due date
thereof and shall contain the “Replacement Cost Endorsement” (except with
respect to Borrower-owned manufactured or mobile homes). If terrorism coverage
is not included as an endorsement to such policy, then Borrower shall obtain
coverage for terrorism and similar acts in the stand alone terrorism market in an amount equal to
100% of the “Full Replacement Cost” of the Mortgaged Property; provided, that
notwithstanding the foregoing, with respect to any such stand-alone policy
covering terrorist acts, Borrower shall not be required to pay any Insurance
Premiums (hereinafter defined) solely with respect to such terrorism coverage
in excess of the Terrorism Premium Cap (hereinafter defined); provided that if
the Insurance Premiums payable with respect to such terrorism coverage exceed
the Terrorism Premium Cap, Lender may, at its option either (or in any
combination) (1) purchase such stand-alone terrorism Policy, with Borrower
paying such portion of the Insurance Premiums with respect thereto equal to the
Terrorism Premium Cap and Lender paying such portion of the Insurance Premiums
in excess of the Terrorism Premium Cap, and/or (2) modify the deductible
amounts, policy limits and other required policy terms to reduce the Insurance
Premiums payable with respect to such stand-alone terrorism Policy to the
Terrorism Premium Cap. As used herein, “Terrorism Premium Cap” means an
amount equal to two hundred percent (200%) of the cost on the Closing Date of a
stand-alone terrorism insurance policy for the Mortgaged Properties which
otherwise satisfies this Section 5.1(x). Notwithstanding the
foregoing, the terrorism coverage may exclude non-certified TRIA coverage (i.e.
the actions of domestic actors).

(ii)           Borrower,
at its sole cost and expense, for the mutual benefit of Borrower and Lender,
shall also obtain and maintain or cause to be obtained and maintained during
the entire term of the Loan the following policies of insurance:

(A)          if not part of the “all-risk”
policy required by this Section 5.1(x), flood insurance, if any
part of the insurable Improvements on the Mortgaged Property are located in an
area identified by the Federal Emergency Management Agency as an area having
special flood hazards and in which flood insurance has been made available
under the National Flood Insurance Act of 1968, the Flood Disaster Protection
Act of 1973 or the National Flood Insurance Reform Act of 1994 (and any
amendment or successor act thereto) in an amount at least equal to the 

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maximum limit
of coverage available with respect to the Improvements and Equipment under said
Act;

(B)           Comprehensive
General Liability insurance, including a broad form comprehensive general
liability endorsement and coverage for broad form property damage, contractual
damages, personal injuries (including death resulting therefrom) and a liquor
liability endorsement if liquor is sold on the Mortgaged Property, containing
minimum limits of liability of $1 million for both injury to or death of a
person and for property damage per occurrence and $2 million in the aggregate for
the Mortgaged Property, and such other liability insurance reasonably requested
by Lender; in addition, at least $25 million excess and/or umbrella liability
insurance shall be obtained and maintained for any and all claims, including
all legal liability imposed upon Borrower in connection with the ownership,
operation and maintenance of the Mortgaged Property;

(C)           business
interruption insurance (including rental value) in an annual aggregate amount
equal to the estimated Net Operating Income (including, without limitation,
income from the Leases of each Mortgaged Property (including, without
limitation, the loss of all Rents and additional Rents payable by all of the
lessees under the Leases, whether or not such Leases are terminable in the
event of a fire or casualty)), such insurance to cover losses for a period of
twelve (12) months after the date of the fire or casualty in question, plus an
extended period of indemnity commencing at the time repairs are completed for a
period of not less than 30 days and to be increased or decreased, as
applicable, from time to time during the term of the Loan if, and when, Net
Operating Income materially increases or decreases, as applicable (including,
without limitation, increases from new Leases and renewal Leases entered into
in accordance with the terms of this Agreement), to reflect all increased Rent
and increased additional Rent payable by all of the lessees under such renewal
Leases and all Rent and additional Rent payable by all of the lessees under
such new Leases;

(D)          all risk physical
loss and damage coverage with respect to heating and air conditioning
equipment, located in, on, or about the Improvements, except the coverage
required under this clause (ii)(D) shall not be required to be maintained
as a separate policy and may be included as part of the coverages provided
under clause (i);

(E)           worker’s
compensation insurance coverage (in amounts not less than the statutory
minimums for all persons employed by Borrower at the Mortgaged Property and in
compliance with all other requirements of applicable local, state and federal
law) and “Employers Liability” insurance in amounts not less than required by
statute;

(F)           during any period of
repair or restoration, builder’s “all risk” insurance in an amount equal to not
less than the full insurable value of the Mortgaged Property against such risks
(including, without limitation, fire and extended coverage and collapse of the
Improvements to agreed limits) as Lender may request, in form and substance
acceptable to Lender;

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(G)           Intentionally
omitted;

(H)          if required by Lender
as a result of any Mortgaged Property being located in an area with a high
degree of seismic activity, earthquake damage insurance in an amount and form
acceptable to Lender; and

(I)            such other insurance
as may from time to time be reasonably required by Lender in order to protect
its interests with respect to the Loan and the Mortgaged Property and to
conform such requirements to then current standards for a Secondary Market
Transaction.

(iii)          All
policies of insurance (the “Policies”) required pursuant to this Section 5.1(x):

(A)          shall be issued by an
insurer approved by Lender which has a claims paying ability rating of not less
than “A+” (or the equivalent) by Rating Agencies satisfactory to Lender (one of
which shall be S&P) and A:X or better as to claims paying ability by AM
Best, provided, that notwithstanding the foregoing, (1) in the
event American Modern Insurance shall be the insurer providing the standard
all-risk insurance policy, then such insurer shall not be required to satisfy
such claims paying ability rating by the Rating Agencies, so long as such
insurer maintains a claims paying ability rating by AM Best of A:VIII or better
and (2) the insurer providing the worker’s compensation insurance coverage
shall only be required to maintain a claims paying ability rating of not less
than “A” (or the equivalent) by Rating Agencies satisfactory to the Lender (one
of which shall be S&P). Notwithstanding the foregoing, if any insurance
coverage required under this Section 5.1(x) is maintained by a
syndicate of insurers, the preceding ratings requirements shall be deemed
satisfied (without any required Rating Confirmation) as long as at least
seventy five percent (75%) of the coverage (if there are four or fewer members
of the syndicate) or at least sixty percent (60%) of the coverage (if there are
five or more members of the syndicate) is maintained with carriers with a
claims-paying ability rating by S&P of not less than “A+” and all carriers in
such syndicate have a claims-paying ability rating by S&P of not less than “A-”.
In addition, the first layer of such insurance shall be with a carrier with a
claims-paying ability rating by S&P of not less than “A+”.

(B)           shall name Lender as
an additional insured and contain a standard noncontributory mortgagee clause
and a Lender’s Loss Payable Endorsement, or their equivalents, naming Lender
(and/or such other party as may be designated by Lender) as the party to which
all payments made by such insurance company shall be paid,

(C)           shall be maintained
throughout the term of the Loan without cost to Lender,

(D)          shall contain such
provisions as Lender deems reasonably necessary or desirable to protect its
interest (including, without limitation, 

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endorsements
providing that Lender shall receive at least thirty (30) days prior written
notice of cancellation),

(E)           shall contain a
waiver of subrogation against Lender,

(F)           shall be for a term
of not less than one year unless Borrower is obtaining a Policy with a shorter
term to achieve concurrency of Policies in which case such shorter term shall
be permitted,

(G)           shall provide for
claims to be made on an occurrence basis,

(H)          shall contain an
agreed value clause updated annually (if the amount of coverage under such
policy is based upon the replacement cost of the Mortgaged Property),

(I)            shall designate
Lender as “mortgagee and loss payee” (except general public liability and
excess liability, as to which Lender shall be named as additional insured),

(J)            shall be issued by
an insurer licensed in the state in which the Mortgaged Property is located,

(K)          shall provide that
Lender may, but shall not be obligated to, make premium payments to prevent any
cancellation, endorsement, alteration or reissuance, and such payments shall be
accepted by the insurer to prevent same, and

(L)           shall be reasonably
satisfactory in form and substance to Lender and reasonably approved by Lender
as to amounts, form, risk coverage, deductibles, loss payees and insureds to
the extent not otherwise specified in this Section 5.1(x).

Copies of said Policies, certified as true
and correct by Borrower, or insurance certificates thereof, shall be delivered
to Lender. Not later than ten (10) days prior to the expiration date of
each of the Policies, Borrower shall deliver to Lender satisfactory evidence of
the renewal of each Policy. The insurance coverage required under this Section 5.1(x) may
be effected under a blanket policy or policies covering the Mortgaged Property
and other property and assets not constituting a part of the Collateral; provided
that any such blanket policy shall provide at least the same amount and form of
protection as would a separate policy insuring the Mortgaged Property
individually, which amount shall not be less than the amount required pursuant
to this Section 5.1(x) and which shall in any case comply in
all other respects with the requirements of this Section 5.1(x). Upon
demand therefor, Borrower shall reimburse Lender for all of Lender’s or its
designee’s reasonable costs and expenses incurred in obtaining any or all of
the Policies or otherwise causing the compliance with the terms and provisions
of this Section 5.1(x), including (without limitation) replacement
of any so-called “forced placed” insurance coverages to the extent
Borrower was required to obtain and maintain any such Policy or Policies
hereunder and 

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failed to do so. Borrower shall pay or cause
to be paid the premiums for such Policies (the “Insurance Premiums”) as
the same become due and payable and shall furnish to Lender evidence of the
renewal of each of the Policies with receipts for the payment of the Insurance
Premiums and, if applicable, related financing payments by Borrower’s Affiliate
or other evidence of such payment reasonably satisfactory to Lender (provided,
however, that Borrower is not required to furnish such evidence to Lender in
the event that such Insurance Premiums have been paid by Lender). If Borrower
does not furnish such evidence at least ten (10) days prior to the
expiration of any expiring Policy, then Lender may procure, but shall not be
obligated to procure, such insurance and pay the Insurance Premiums therefor,
and Borrower agrees to reimburse Lender for the cost of such Insurance Premiums
promptly on demand. Within thirty (30) days after request by Lender,
Borrower shall obtain such increases in the amounts of coverage required
hereunder as may be reasonably requested by Lender, based on then
industry-standard amounts of coverage then being obtained by prudent owners of
properties similar to the Mortgaged Property in the same applicable market
region as the Mortgaged Property. Borrower shall give Lender prompt written
notice if Borrower receives from any insurer any written notification or threat
of any actions or proceedings regarding the non-compliance or non-conformity
of the Mortgaged Property with any insurance requirements.

(iv)          If
the Mortgaged Property shall be damaged or destroyed, in whole or in part, by
fire or other casualty, Borrower shall give prompt notice thereof to Lender.

(A)          In case of loss
covered by the “all-risk” and flood Policies, Lender may either (a) jointly
with a Borrower settle and adjust any claim and agree with the insurance
company or companies on the amount to be paid on the loss or (b) allow
Borrower to agree with the insurance company or companies on the amount to be
paid upon the loss; provided, that Borrower may settle and adjust losses
without participation by Lender aggregating not in excess of 1% of the
Principal Indebtedness, agree with the insurance company or companies on the
amount to be paid upon the loss and collect and receipt for any such Insurance
Proceeds; provided, further, that if (x) at the time of the
settlement of such claim an Event of Default has occurred and is continuing or (y) Lender
and Borrower are unable to agree upon a joint settlement or (z) Lender
disapproves of Borrower’s proposed settlement with the insurance company, then
Lender shall settle and adjust such claim under the “all-risk” or flood
Policies, as applicable, without the consent of Borrower, and for such purpose
is hereby irrevocably appointed as Borrower’s attorney-in-fact, coupled with an
interest. In any such case Lender shall and is hereby authorized to collect and
receipt for any such Insurance Proceeds subject to and to the extent provided
for in this Agreement. The reasonable out-of-pocket expenses incurred by Lender
in the adjustment and collection of Insurance Proceeds shall become part of the
Indebtedness and be secured by the Mortgages and shall be reimbursed by
Borrower to Lender upon demand therefor.

(B)           In the event of any
insured damage to or destruction of the Mortgaged Property or any part thereof
(herein called an “Insured Casualty”) where

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(1)           the aggregate amount of the loss, as
reasonably determined by an Independent insurance adjuster, is less than ten
percent (10%) of the Allocated Loan Amount of the affected Mortgaged Property,

(2)           in the reasonable judgment of Lender, the
Mortgaged Property can be restored, replaced and/or rebuilt (collectively, the “Restoration”)
by not later than the first to occur of (a) twelve (12) months after the
date of casualty and (b) the expiration of the business interruption
insurance and, in any case, not later than six (6) months prior to the
Maturity Date to an economic unit substantially in the condition it was in
immediately prior to the Insured Casualty and in compliance with all zoning,
building and other applicable Legal Requirements (the “Pre-Existing
Condition”) not less materially valuable (including an assessment of the
impact of the termination of any Leases due to such Insured Casualty) and not
less useful than the same was prior to the Insured Casualty,

(3)           Lender reasonably determines that the
rental income of the Mortgaged Property, after the Restoration thereof to the
Pre-Existing Condition, will be sufficient to meet all Operating Expenses,
payments for reserves and payments of principal and interest under the Loan and
satisfy the Debt Service Coverage Test, and

(4)           tenant leases requiring payment of annual
rent equal to at least seventy-five percent (75%) of the gross revenues from
the Mortgaged Property during the twelve (12) month period immediately
preceding the date of such fire or other casualty remain in full force and
effect during and after the Restoration of the Mortgaged Property (subject to
the rent abatement provisions thereof applicable as a result of the casualty,
so long as such abatement will end, and full rental payments shall resume, upon
substantial completion of the Restoration),

or if Lender otherwise elects to allow a
Borrower to restore the Mortgaged Property, then, if no Event of Default shall
have occurred and be continuing, the Insurance Proceeds (after reimbursement of
any reasonable out-of-pocket expenses incurred by Lender in connection with the
collection of any applicable Insurance Proceeds) shall be made available to
reimburse Borrower for the cost of restoring, repairing, replacing or
rebuilding the Mortgaged Property or part thereof subject to the Insured
Casualty, as provided for below. Borrower hereby covenants and agrees to
commence and diligently to prosecute such Restoration of the affected Mortgaged
Property as nearly as possible to the Pre-Existing Condition. Borrower shall
pay all out-of-pocket costs (and if required by Lender, Borrower shall deposit
the total thereof with Lender in advance) of such Restoration in excess of the
Insurance Proceeds made available pursuant to the terms hereof. Nothing in this
clause (B) shall prohibit Borrower from partially defeasing the effected
Mortgaged Property or instituting a prepayment with release of such property
pursuant to and in accordance with Sections 2.7, 2.11 and 2.18.

(C)           Except as provided
above, the Insurance Proceeds collected upon any Insured Casualty shall, at the
option of Lender in its sole discretion, 

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be applied to
the payment of the Indebtedness or applied to the cost of Restoration of the
affected Mortgaged Property or part thereof subject to the Insured Casualty, in
the manner set forth below.

(D)          Regardless of whether
Insurance Proceeds, if any, are sufficient or are made available to Borrower
for the Restoration of any portion of the affected Mortgaged Property, Borrower
covenants to complete such restoration of the affected Mortgaged Property to be
of at least comparable value as prior to such damage or destruction, all to be
effected in accordance with Legal Requirements and plans and specifications
approved in advance by Lender, such approval not to be unreasonably withheld or
delayed.

(E)           In the event
Borrower is entitled to reimbursement out of Insurance Proceeds, such proceeds
shall be held by Lender in the Loss Proceeds Account and disbursed from time to
time as the Restoration progresses upon Lender being furnished with (1) evidence
reasonably satisfactory to it (which evidence may include inspection(s) of
the work performed) that the Restoration covered by the disbursement has been
completed in accordance with plans and specifications approved by Lender, (2) evidence
reasonably satisfactory to it of the estimated cost of completion of the
Restoration, (3) funds, or, at Lender’s option, assurances reasonably
satisfactory to Lender that such funds are available and sufficient in addition
to the Insurance Proceeds to complete the proposed Restoration, and (4) such
architect’s certificates, waivers of lien, contractor’s sworn statements, title
insurance endorsements, bonds and other evidences of cost, payment and
performance of the foregoing Restoration as Lender may reasonably require and
approve. Lender may, in any event, require that all plans and specifications
for such Restoration be submitted to and reasonably approved by Lender prior to
commencement of work. Lender may retain a construction consultant to inspect such
work and review Borrower’s request for payments and Borrower shall, on demand
by Lender, reimburse Lender for the reasonable fees and disbursements of such
consultant. No payment made prior to the final completion of the Restoration
shall exceed ninety percent (90%) of the hard construction costs value of the
work performed from time to time (except for restoration work on a trade by
trade basis or on an hourly basis for professional services in which event,
payment may be made in full upon the completion of such work). Any funds other
than Insurance Proceeds shall be disbursed prior to disbursement of such
proceeds; and, at all times, the undisbursed balance of such Insurance Proceeds
remaining in the Loss Proceeds Account, together with funds deposited therein
to pay the costs of the Restoration by or on behalf of Borrower, shall be at
least sufficient in the reasonable judgment of Lender to pay for the cost of
completion of the Restoration free and clear of all liens or claims for lien,
except for Permitted Encumbrances. Any surplus which may remain out of
Insurance Proceeds held by Lender after payment of such costs of restoration,
repair, replacement or rebuilding shall, at the option of Lender in its sole
discretion, be applied to the payment of the Indebtedness or be paid to
Borrower so long as no Event of Default has occurred and is continuing.

(F)           Borrower shall not
carry separate insurance, concurrent in kind or form or contributing in the
event of loss, with any insurance 

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required under
this Agreement that would be considered “co-insurance” or adversely
affect the ability to collect under a policy of insurance required hereunder.

(y)           Condemnation.

(i)            Borrower
shall promptly give Lender written notice of the actual or threatened
commencement of any proceeding for a Taking and shall deliver to Lender copies
of any and all papers served in connection with such proceedings. Lender is
hereby irrevocably appointed as Borrower’s attorney-in-fact, coupled with an
interest, with exclusive power to collect, receive and retain any Condemnation
Proceeds for said Taking. With respect to any compromise or settlement in
connection with such proceeding, Lender shall jointly with Borrower compromise
and reach settlement unless at the time of such Taking an Event of Default has
occurred and is continuing and the Indebtedness has been accelerated, in which
event Lender shall compromise and reach settlement without the consent of
Borrower. Notwithstanding the foregoing provisions of this Section 5.1(y),
Borrower is authorized to negotiate, compromise and settle, without
participation by Lender, Condemnation Proceeds of up to 1% of the Principal
Indebtedness in connection with any Taking. Notwithstanding any Taking,
Borrower shall continue to pay the Indebtedness at the time and in the manner
provided for in this Agreement and the other Loan Documents and the
Indebtedness shall not be reduced except in accordance herewith.

(ii)           Borrower
shall cause the Condemnation Proceeds to be paid directly to Lender. Lender
may, in its sole discretion, apply any such Condemnation Proceeds to the
reduction or discharge of the Indebtedness (whether or not then due and
payable).

(iii)          With
respect to a Taking in part, which shall mean any Taking which does not render
the affected Mortgaged Property physically or economically unsuitable in the
reasonable judgment of Lender for the use to which it was devoted prior to the
Taking, Borrower shall cause the Condemnation Proceeds to be paid to Lender as
described above, and if Lender does not elect to apply the same to the
Indebtedness as provided in Section 5.1(y)(ii) above, Lender
shall deposit such Condemnation Proceeds in the Loss Proceeds Account and the
same shall be made available for application to the cost of Restoration of the
affected Mortgaged Property and disbursed from time to time as the Restoration
progresses upon Lender being furnished with (1) evidence reasonably
satisfactory to it (which evidence may include inspection(s) of the work
performed) that the Restoration covered by the disbursement has been completed
in accordance with plans and specifications approved by Lender, (2) evidence
reasonably satisfactory to it of the estimated cost of completion of the
Restoration, (3) funds, or, at Lender’s option, assurances satisfactory to
Lender that such funds are available and sufficient in addition to the
Condemnation Proceeds to complete the proposed Restoration, and (4) such
architect’s certificates, waivers of lien, contractor’s sworn statements, title
insurance endorsements, bonds and other evidences of cost, payment and
performance of the foregoing repair, restoration, replacement or rebuilding as
Lender may reasonably require and approve.

(iv)          Regardless
of whether Condemnation Proceeds are made available for such purpose, Borrower
hereby covenants to complete the Restoration of the affected Mortgaged Property
as nearly as possible to the Pre-Existing Condition and to be of at 

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least comparable value and, to the extent commercially practicable, of
substantially the same character as prior to the Taking, all to be effected in
accordance with applicable law and plans and specifications reasonably approved
in advance by Lender, provided however in the event (a) such Condemnation
Proceeds are not made available by Lender and (b) following the completion
of the work at the Mortgaged Property at issue is physically or economically
unsuitable for the use to which it was devoted prior to the taking in the
reasonable judgment of Lender, then Borrower shall not be required to complete such
Restoration. Borrower shall pay all costs (and if required by Lender, Borrower
shall deposit the total thereof with Lender in advance) of such Restoration in
excess of the Condemnation Proceeds made available pursuant to the terms hereof.
Lender may, in any event, require that all plans and specifications for such
Restoration be submitted to and reasonably approved by Lender prior to
commencement of work. Lender may retain a construction consultant to inspect
such work and review any request by Borrower for payments and Borrower shall,
on demand by Lender, reimburse Lender for the reasonable fees and disbursements
of such consultant. No payment made prior to the final completion of the
Restoration shall exceed ninety percent (90%) of the hard construction costs
value of the construction work performed from time to time (except for
restoration work on a trade by trade basis or on an hourly basis for
professional services in which event, payment may be made in full upon the
completion of such work); funds other than Condemnation Proceeds shall be
disbursed prior to disbursement of such proceeds; and at all times, the
undisbursed balance of such proceeds remaining in the hands of Lender, together
with funds deposited for that purpose or irrevocably committed to the repayment
of Lender by or on behalf of Borrower for that purpose, shall be at least
sufficient in the reasonable judgment of Lender to pay for the cost of
completion of the restoration, repair, replacement or rebuilding, free and
clear of all liens or claims for lien. Any surplus which may remain out of
Condemnation Proceeds held by Lender after payment of such costs of
restoration, repair, replacement or rebuilding shall, at the option of Lender
in its sole discretion, be applied to the payment of the Indebtedness or be
paid to Borrower so long as no Event of Default has occurred and is continuing.

(v)           If
the affected Mortgaged Property is sold, through foreclosure or otherwise,
prior to the receipt by Lender of any such Condemnation Proceeds to which it is
entitled hereunder, Lender shall have the right, whether or not a deficiency
judgment on the Note shall have been sought, recovered or denied, to have
reserved in any foreclosure decree a right to receive said award or payment, or
a portion thereof sufficient to pay the Indebtedness. In no case shall any such
application reduce or postpone any payments otherwise required pursuant to this
Agreement, other than the final payment on the Note.

(z)            Leases
and Rents.

(i)            Borrower
absolutely and unconditionally assigns to Lender, Borrower’s right, title and
interest in all current and future Leases and Rents as collateral for the Loan,
it being intended by Borrower that this assignment constitutes a present,
absolute assignment and not an assignment for additional security only. Such
assignment to Lender shall not be construed to bind Lender to the performance
of any of the covenants, conditions or provisions contained in any such Lease
or otherwise impose any obligation upon Lender. Borrower shall execute and
deliver to Lender such additional instruments, in form and substance reasonably
satisfactory to Lender, as may hereafter be reasonably requested in writing by
Lender to further evidence and confirm such assignment. Nevertheless, subject
to the terms of this 

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Section 5.1(z), Lender grants to Borrower
a license to lease, maintain, operate and manage the Mortgaged Property and to
collect, use and apply the Rents in accordance with the terms hereof and
otherwise act as the landlord under the Leases, which license shall be deemed
automatically revoked upon the occurrence and during the continuance of an
Event of Default under this Agreement. Any portion of the Rents held by
Borrower shall be held in trust for the benefit of Lender for use in the
payment of the Indebtedness. Upon the occurrence of an Event of Default and
during the continuance thereof, the license granted to Borrower herein shall
automatically be revoked, and Lender shall immediately be entitled to
possession of all Rents, whether or not Lender enters upon or takes control of
the Mortgaged Property. Lender is hereby granted and assigned by Borrower the
right, at its option, upon revocation of the license granted herein, to enter
upon the Mortgaged Property in person, by agent or by court-appointed receiver
to collect the Rents. Any Rents collected after the revocation of the license
shall be applied toward payment of the Indebtedness as set forth in Section 2.8
hereof.

(ii)           All
Leases entered into by Borrower shall provide for rental rates comparable to
then-existing local market rates and terms and conditions commercially
reasonable and consistent with then-prevailing local market terms and
conditions for similar type properties, and in no event shall Borrower, absent
Lender’s prior written consent, which consent shall not be unreasonably
withheld or delayed, enter into any Leases (a) other than leases of
Homesites to owners and occupants of residential manufactured homes or mobile
homes having lease terms not in excess of two years, unless so required by
applicable state law, and (b) with any Affiliates of Borrower, except as
indicated in Schedule 4 attached hereto. Borrower shall furnish Lender
with (1) detailed term sheets in advance in the case of any Leases,
modifications, amendments or renewals for which Lender’s consent is required
and (2) in the case of any other Leases, executed copies of such Leases
upon written request. All renewals or amendments or modifications of Leases
that do not satisfy the requirements of the first sentence of this Section 5.1(z)(ii) shall
be subject to the prior approval of Lender, which approval shall not be
unreasonably withheld or delayed. All Leases entered into after the Closing
Date with new tenants (i.e. not renewals of existing tenants as of the Closing
Date) shall be written on the standard lease form for new tenants previously
approved by Lender which form as of the Closing Date is set forth on Schedule
10 attached hereto; provided that notwithstanding the foregoing, the
Borrower may modify any standard lease form without such approval to the extent
necessary to conform such form to any applicable Legal Requirements (and, upon
reasonable request of the Lender, the Borrower shall notify the Lender in
writing with respect to any such modification). The Borrower shall not
materially change the standard lease form without Lender’s prior written
consent, which consent shall not be unreasonably withheld or delayed, or except
as necessary to comply with applicable Legal Requirements. Borrower,

(A)          shall observe and
perform all of the material obligations imposed upon the lessor under the
Leases and shall not do or permit to be done anything to materially impair the
value of the Leases as security for the Indebtedness;

(B)           shall not execute
any other assignment of lessor’s interest in any of the Leases or Rents;

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(C)           shall enforce all of
the material terms, covenants and conditions contained in the Leases upon the
part of the lessee thereunder to be observed or performed and shall effect a
termination or diminution of the obligations of tenants under leases, only in a
manner that a prudent owner of a similar property to the Mortgaged Property
would enforce such terms covenants and conditions or effect such termination or
diminution in the ordinary course of business;

(D)          except as otherwise
set forth in the Monthly Statement submitted to Lender, shall not collect any
of the Rents more than one (1) month in advance; and

(E)           shall not convey or
transfer or suffer or permit a conveyance or transfer of the Mortgaged Property
or of any interest therein so as to effect a merger of the estates and rights
of, or a termination or diminution of the obligations of, lessees thereunder.

(iii)          Borrower
shall deposit security deposits of lessees which are turned over to or for the
benefit of Borrower or otherwise collected by or on behalf of Borrower, into
the Security Deposit Account and shall not commingle such funds with any other
funds of Borrower. Any bond or other instrument which Borrower is permitted to
hold in lieu of cash security deposits under any applicable Legal Requirements
shall be maintained in full force and effect unless replaced by cash deposits
as hereinabove described, shall, if permitted pursuant to Legal Requirements,
name Lender as payee or mortgagee thereunder (or at Lender’s option, be fully
assignable to Lender) and shall, in all respects, comply with any applicable
Legal Requirements and otherwise be reasonably satisfactory to Lender. Borrower
shall, upon request, provide Lender with evidence reasonably satisfactory to
Lender of Borrower’s compliance with the foregoing. Upon the occurrence and
during the continuance of any Event of Default, Borrower shall, upon Lender’s
request, if permitted by any applicable Legal Requirements, turn over to Lender
the security deposits (and any interest theretofore earned thereon) with
respect to all or any portion of the Mortgaged Property, to be held by Lender
subject to the terms of the Leases.

(iv)          Notwithstanding
anything in any Loan Document to the contrary, prior to an Event of Default,
solely with respect to the Mortgaged Properties listed on Schedule 11 hereto,
Borrower shall be permitted to enter into leases or similar agreements relating
to the production of oil or gas, so long as such production activities do not (a) occur
on any Mortgaged Property and (b) do not adversely effect the use,
surface, operation, value or cash flow at any Mortgaged Property.

(aa)         Maintenance
of Mortgaged Property. Borrower shall cause the Mortgaged Property to be
maintained in a good and safe condition and repair, subject to wear and tear
and damage caused by casualty or condemnation. The Improvements and the
Equipment shall not be removed, demolished or altered (except for (1) normal
replacement of the Equipment, (2) Improvements contemplated in an approved
Operating Budget or pursuant to Leases in effect from time to time, (3) removals,
demolition or alterations that do not cost more than 1% of the Principal
Indebtedness or (4) an emergency which the Borrower shall have notified
the Lender of in writing, including the action taken to remediate) without the
consent of 

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Lender which consent shall not be unreasonably withheld or delayed. Except
with respect to an Insured Casualty which shall be governed by the terms and
conditions provided herein, Borrower shall, or shall cause any tenants
obligated under their respective Leases to, promptly repair, replace or rebuild
any part of the Mortgaged Property that becomes damaged, worn or dilapidated. Borrower
shall complete and pay for any structure at any time in the process of
construction or repair on the Land. Borrower shall not initiate, join in, or
consent to any change in any private restrictive covenant, zoning law or other
public or private restriction, limiting or defining the uses which may be made
of any Mortgaged Property or any part thereof without the written consent of
Lender which consent shall not be unreasonably withheld or delayed. If under
applicable zoning provisions the use of all or any portion of the Mortgaged
Property is or shall become a nonconforming use, Borrower will not cause or
permit such nonconforming use to be discontinued or abandoned if such
discontinuance of abandonment would cause such nonconforming use to no longer
be permitted without the express written consent of Lender which consent shall
not be unreasonably withheld or delayed. Borrower shall not (i) change the
use of any of the Land or Improvements in any material respect, (ii) permit
or suffer to occur any waste on or to any Mortgaged Property or to any portion
thereof or (iii) take any steps whatsoever to convert any Mortgaged
Property, or any portion thereof, to a condominium or cooperative form of
management.

(bb)         Qualified Interest Rate Cap Provider.

(i)            In
connection with the exercise of an Extension Option, Borrower shall provide to
Lender (1) the material terms of any interest rate cap agreement which
Borrower proposes entering into pursuant to this Agreement with a counterparty
other than an Affiliate of Lender and (2) until the close of business on
the Business Day on which such material terms are received the opportunity to
offer to Borrower an interest rate cap agreement on the same or better terms as
the terms offered to Borrower by such other counterparty. In the event that
Lender or any of its Affiliates shall offer to Borrower an interest rate cap
agreement with the same or better terms as the terms offered to Borrower by
such third party counterparty, Borrower shall enter into such interest rate cap
agreement with Lender or its Affiliate, as the case may be.

(ii)           If
the rating of a Qualified Interest Rate Cap Provider that has provided an
interest rate cap which Borrower pledges to Lender pursuant to the Collateral
Assignment of Hedge falls below the rating criteria specified in the definition
of a Qualified Interest Rate Cap Provider, then within ten (10) Business
Days following written request from Lender, Borrower shall deliver or cause the
original rate cap provider to deliver to Lender (A) a replacement interest
rate cap from or with a Qualified Interest Rate Cap Provider, with a notional
amount equal to the outstanding Floating Rate Component of the Principal
Indebtedness and a LIBOR strike rate less than or equal to 6.50% and pursuant
to documentation acceptable to Lender in accordance with the Prudent Lender
Standard and (B) a fully executed replacement Collateral Assignment of
Hedge.

(cc)         Prohibited
Persons. Borrower covenants and agrees to deliver (from time to time) to
Lender any certification or other evidence as may be requested by Lender in its
sole and absolute discretion, confirming that: 
(i) neither Borrower, Member, General Partner, Guarantor nor their
respective officers, directors, partners, members or majority-owned

 

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Affiliates is a Prohibited Person; and (ii) neither Borrower,
Member, General Partner, Guarantor nor their respective officers, directors,
partners, members or majority-owned Affiliates has engaged in any business,
transaction or dealings with a Person known to Borrower to be a Prohibited
Person, including, but not limited to, the making or receiving of any
contribution of funds, goods, or services, to or for the benefit of a Person
known to Borrower to be a Prohibited Person.

(dd)         Intentionally
omitted.

(ee)         Required
Repairs. By or before March 31, 2007, Borrower shall complete all
required repairs indicated in the property condition reports for the Mortgaged
Properties prepared and delivered in connection with the closing of the Loan,
provided that the items listed identified in the property condition reports as “ADA
Upgrades” shall be required to be completed if such ADA Upgrade is requested by
any governmental authority and required by law.

ARTICLE
VI.

NEGATIVE COVENANTS

Section 6.1.            Negative Covenants. Borrower covenants and agrees
that, until payment in full of the Indebtedness, it will not do, directly or
indirectly, any of the following unless Lender consents thereto in writing:

(a)           Liens
on the Mortgaged Property. Incur, create, assume, become or be liable in
any manner with respect to, or permit to exist, except as permitted by Section 5.1(b) above,
any Lien with respect to any Mortgaged Property or any portion thereof,
except:  (i) Liens in favor of
Lender and (ii) the Permitted Encumbrances.

(b)           Ownership
and Transfer. Except as expressly permitted by or pursuant to this
Agreement or the other Loan Documents, own any property of any kind other than
the Mortgaged Property, or Transfer any Mortgaged Property or any portion
thereof.

(c)           Other
Borrowings. Incur, create, assume, become or be liable in any manner with
respect to Other Borrowings.

(d)           Dissolution;
Merger or Consolidation. Dissolve, terminate, liquidate, merge with or
consolidate into another Person.

(e)           Change
In Business. Make any material change in the scope or nature of its
business objectives, purposes or operations, or undertake or participate in
activities other than the continuance of its present business.

(f)            Debt
Cancellation. Cancel or otherwise forgive or release any material claim or
debt owed to Borrower by any Person, except for adequate consideration or in
the ordinary course of Borrower’s business.

(g)           Affiliate
Transactions. Except for fees payable to Manager under the Management
Agreement, (i) pay any management, consulting, director or similar fees to
any 

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Affiliate of Borrower or to any director or manager (other than any
customary fees of the Independent Director/Manager), officer or employee of
Borrower, (ii) directly or indirectly enter into or permit to exist any
transaction (including the purchase, sale, lease or exchange of any property or
the rendering of any service) with any Affiliate of Borrower or with any
director, officer or employee of any Affiliate of Borrower, except transactions
in the ordinary course of and pursuant to the reasonable requirements of the
business of Borrower and upon fair and reasonable terms which are no less
favorable to Borrower than would be obtained in a comparable arm’s length
transaction with a Person that is not an Affiliate of Borrower, or (iii) make
any payment or permit any payment to be made to any Affiliate of Borrower when
or as to any time when any Event of Default shall exist.

(h)           Creation
of Easements. Except as expressly permitted by or pursuant to the Mortgages
or this Agreement, create, or permit any Mortgaged Property or any part thereof
to become subject to, any easement, license or restrictive covenant, other than
a Permitted Encumbrance, provided, that the consent of Lender shall not
be unreasonably withheld or delayed to the extent that any such easement,
license or restrictive covenant is reasonably necessary for the continued use,
enjoyment, access to or operation of the applicable Mortgaged Property.

(i)            Misapplication
of Funds. Distribute any Rents or Moneys received from Accounts in
violation of the provisions of Section 2.12, or fail to pledge any
security deposit to Lender, or misappropriate any security deposit or portion
thereof.

(j)            Certain
Restrictions. Amend, modify or waive in any material way any of its rights
under the Master Homesite Lease Agreement.

(k)           Assignment
of Licenses and Permits. Assign or transfer any of its interest in any
Permits pertaining to any Mortgaged Property, or assign, transfer or remove or
permit any other Person to assign, transfer or remove any records pertaining to
any Mortgaged Property.

(l)            Place
of Organization. Change its jurisdiction of organization, creation or
formation, as applicable, without giving Lender at least fifteen (15) days’
prior written notice thereof and promptly providing Lender such information as
Lender may reasonably request in connection therewith.

(m)          Leases.
Enter into, amend or cancel Leases, except as permitted by this Agreement.

(n)           Management
Agreement. Except in accordance with this Agreement, (i) terminate or
cancel the Management Agreement, (ii) consent to either the reduction of
the term of or the assignment of the Management Agreement, (iii) increase
or consent to the increase of the amount of any charges under the Management
Agreement, or (iv) otherwise modify, change, supplement, alter or amend,
or waive or release any of its rights and remedies under, the Management
Agreement in any material respect.

(o)           Plans
and Welfare Plans. Knowingly engage in or permit any transaction in
connection with which Borrower or any ERISA Affiliate could be subject to
either 

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a material civil penalty or tax assessed pursuant to Section 502(i) or
502(1) of ERISA or Section 4975 of the Code, permit any Welfare Plan
to provide benefits, including without limitation, medical benefits (whether or
not insured), with respect to any current or former employee of Borrower beyond
his or her retirement or other termination of service other than (i) coverage
mandated by applicable law, (ii) death or disability benefits that have
been fully provided for by paid up insurance or otherwise or (iii) severance
benefits (unless such coverage is provided after notification of and with the
reasonable approval of Lender or pursuant to an employment or severance
agreement entered into in the ordinary course of business consistent with past
practice), permit the assets of Borrower to become “plan assets”, whether by
operation of law or under regulations promulgated under ERISA or adopt, amend
(except as may be required by applicable law) or materially increase the amount
of any benefit or amount payable under, or permit any ERISA Affiliate to adopt,
amend (except as may be required by applicable law) or materially increase the
amount of any benefit or amount payable under, any Plan or Welfare Plan, except
for normal increases in the ordinary course of business consistent with past
practice that, in the aggregate, do not result in a material increase in
benefits expense to Borrower or any ERISA Affiliate.

(p)           Transfer
of Ownership Interests. Permit any Transfer of a direct or indirect
ownership interest or voting right in Borrower (other than a Permitted
Transfer).

(q)           Equipment
and Inventory. Except pursuant to the Management Agreement, permit any
Equipment owned by Borrower to be removed at any time from any Mortgaged
Property unless the removed item is consumed or sold in the usual and customary
course of business, removed temporarily for maintenance and repair or, if
removed permanently, replaced by an article of equivalent suitability and not
materially less value, owned by Borrower free and clear of any Lien (other than
Permitted Encumbrances).

(r)            Management
Fees. Pay Borrower or any Affiliate of Borrower any management fees with
respect to the Mortgaged Property except for management fees paid to Manager
under the Management Agreement.

(s)           Prohibited
Persons. With respect to Borrower, Member, General Partner, Guarantor and
any of their respective officers, directors, partners, members or
majority-owned Affiliates:  (i) conduct
any business, or engage in any transaction or dealing, with any Person known to
Borrower to be a Prohibited Person, including, but not limited to, the making
or receiving of any contribution of funds, goods, or services, to or for the
benefit of a Prohibited Person; or (ii) engage in or conspire to engage in
any transaction that evades or avoids, or has the purpose of evading or
avoiding, or attempts to violate, any of the prohibitions set forth in EO13224.

(t)            Modification
of Interest Rate Cap Agreement. Amend, modify, cancel or terminate any
interest rate cap entered into by Borrower pursuant to this Agreement or permit
same to be amended, modified, cancelled or terminated.

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ARTICLE
VII.

EVENT OF DEFAULT

Section 7.1.            Event of Default. The occurrence of one or more of
the following events shall be an “Event of Default” hereunder:

(a)           if
on any Payment Date Borrower fails to pay any accrued and unpaid interest on
the Loan or scheduled deposits into the Reserve Accounts when due and payable
in accordance with the provisions hereof, or any Release Price then due and
payable in accordance with the provisions hereof;

(b)           if
Borrower fails (1) to pay the outstanding Indebtedness on the Maturity
Date or (2) to deposit into the Collection Account, the amount required
pursuant to Sections 2.7(a)(i);

(c)           if
Borrower fails to pay or deposit any other amount payable or required to be
deposited pursuant to this Agreement or any other Loan Document when due and
payable in accordance with the provisions hereof or thereof, as the case may
be, and such failure continues for ten (10) days after Lender delivers
written notice thereof to Borrower (other than the failure of the Lender to
transfer available funds from the Collection Account to a Reserve Account
pursuant to Section 2.12(b));

(d)           if
any representation or warranty made herein or in any other Loan Document, or in
any report, certificate, financial statement or other Instrument, agreement or
document furnished by Borrower, General Partner, Member or Guarantor in
connection with this Agreement, the Note or any other Loan Document shall be
false or materially misleading as of the date such representation or warranty
was made (or if such representation or warranty relates to an earlier date,
then as of such earlier date);

(e)           if
Borrower or the General Partner or the Guarantor makes an assignment for the
benefit of creditors;

(f)            if
a receiver, liquidator or trustee shall be appointed for Borrower or the
General Partner or the Guarantor or if Borrower or the General Partner or the
Guarantor shall be adjudicated a bankrupt or insolvent, or if any petition for
bankruptcy, reorganization or arrangement pursuant to federal bankruptcy law,
or any similar federal or state law, shall be filed by or against, consented
to, or acquiesced in by, Borrower or the General Partner or the Guarantor, or
if any proceeding for the dissolution or liquidation of Borrower or the General
Partner or the Guarantor shall be instituted; provided, however,
that if such appointment, adjudication, petition or proceeding was involuntary
and not consented to by Borrower or the General Partner or the Guarantor, upon
the same not being discharged, stayed or dismissed within ninety (90) days, or
if Borrower or the General Partner or the Guarantor shall generally not be paying
its debts as they become due;

(g)           if
Borrower attempts to delegate its obligations or assign its rights under this
Agreement, any of the other Loan Documents or any interest herein or therein,
or if any Transfer of any Mortgaged Property or any interest therein occurs, or
any direct or indirect 

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Transfer of any direct or indirect ownership interest in Borrower
occurs, other than in accordance with or as permitted under this Agreement;

(h)           if
any breach or failure to perform any of the covenants in Article VI hereof
shall occur, which breach or failure to perform, in the case of Section 6.1(q) only,
shall remain uncured for a period of thirty (30) days after the occurrence of
such breach or failure to perform or if any material breach or failure to perform
any of the covenants in Article VIII hereof shall occur;

(i)            if
an Event of Default as defined or described in the Note or any other Loan
Document occurs, whether as to Borrower or the Mortgaged Property or any
portion thereof;

(j)            if
any of the assumptions made with respect to Borrower and its Affiliates in that
certain substantive non-consolidation opinion letter dated on or about even
date herewith delivered by Brownstein, Hyatt and Farber LLP in connection with
the Loan is not true and correct in all respects;

(k)           if
Borrower fails to maintain any insurance required to be maintained pursuant to Section 5.1(x) hereof;
and

(l)            if
Borrower shall fail to perform any of the terms, covenants or conditions of
this Agreement, the Note, the Mortgages or the other Loan Documents, other than
as specifically otherwise referred to above in this definition of “Event of
Default,” for ten (10) days after notice to Borrower from Lender or its
successors or assigns, in the case of any Default which can be cured by the payment
of a sum of money, or for thirty (30) days after notice from Lender or its
successors or assigns, in the case of any other Default (unless a longer notice
period is otherwise provided herein or in such other Loan Document); provided,
however, that if such non-monetary Default is susceptible of cure but
cannot reasonably be cured within such thirty (30) day period and such Borrower
shall have commenced to cure such Default within such thirty (30) day period
and thereafter diligently and expeditiously proceeds to cure the same, such
thirty (30) day period shall be extended for an additional thirty (30) days;

then, upon the occurrence of any such Event of Default and at any time
thereafter, Lender or its successors or assigns, may, in addition to any other
rights or remedies available to it pursuant to this Agreement and the other
Loan Documents, or at law or in equity, take such action, without further
notice or demand, as Lender or its successors or assigns, deems advisable to
protect and enforce its rights against Borrower and in and to all or any
portion of the Collateral and may enforce or avail itself of any or all rights
or remedies provided in the Loan Documents against Borrower and/or the
Collateral (including, without limitation, all rights or remedies available at
law or in equity). In addition to and without limiting the foregoing, upon the
occurrence of any Event of Default described in any of Sections 7.1(e),
(f), or (g), the unpaid principal amount of and accrued interest and fees on
the Loan and all other Indebtedness shall automatically become immediately due
and payable, without presentment, demand, protest, notice of intent to
accelerate, notice of acceleration or other requirements of any kind, all of
which are hereby expressly waived by Borrower. Upon and at any time after the
occurrence of any other Event of 

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Default, at the option of Lender, which may be exercised without notice
or demand to anyone, all or any portion of the Loan and other Indebtedness
shall immediately become due and payable.

 

Section 7.2.            Remedies.

(a)           Upon
the occurrence of an Event of Default, all or any one or more of the rights,
powers, other remedies available to Lender against Borrower under this
Agreement or any of the other Loan Documents executed by or with respect to
Borrower, or at law or in equity may be exercised by Lender at any time and
from time to time, whether or not all or any portion of the Indebtedness shall
be declared due and payable, and whether or not Lender shall have commenced any
foreclosure proceeding or other action for the enforcement of its rights and
remedies under any of the Loan Documents with respect to all or any portion of
the Collateral. Any such actions taken by Lender shall be cumulative and
concurrent and may be pursued independently, singly, successively, together or
otherwise, at such time and in such order as Lender may determine in its sole
discretion, to the fullest extent permitted by law, without impairing or
otherwise affecting the other rights and remedies of Lender permitted by law,
equity or contract or as set forth herein or in the other Loan Documents.

(b)           In
the event of the foreclosure or other action by Lender to enforce Lender’s
remedies in connection with all or any portion of the Collateral, Lender shall
apply all Net Proceeds received to repay the Indebtedness in accordance with Section 2.8,
the Indebtedness shall be reduced to the extent of such Net Proceeds and the
remaining portion of the Indebtedness shall remain outstanding and secured by
the Loan Documents, it being understood and agreed by Borrower that Borrower is
liable for the repayment of all the Indebtedness; provided, however,
that the Note shall be deemed to have been accelerated only to the extent of
the Net Proceeds actually received by Lender with respect to the Collateral and
applied in reduction of the Indebtedness evidenced by the Note in accordance
with the provisions of this Agreement, after payment by Borrower of all
Transaction Costs and costs of enforcement.

(c)           Upon
and during the continuation of an Event of Default, Lender shall have the
right, but not the obligation, with respect to any and all bankruptcy
proceedings that are now or hereafter commenced in connection with the
Mortgaged Property, to (i) vote to accept or reject any plans of
reorganization, (ii) vote in any election of a trustee, (iii) elect
the treatment of secured claims as specified in Section 1111(b) of
the Bankruptcy Code, and (iv) make any other decisions requested of
holders of claims or interests that Borrower would have had the right to do in
such bankruptcy proceedings in the absence of an Event of Default.

Section 7.3.            Remedies Cumulative. The rights, powers and
remedies of Lender under this Agreement shall be cumulative and not exclusive
of any other right, power or remedy which Lender may have against Borrower
pursuant to this Agreement or the other Loan Documents executed by or with
respect to Borrower, or existing at law or in equity or otherwise. Lender’s
rights, powers and remedies may be pursued singly, concurrently or otherwise,
at such time and in such order as Lender may determine in Lender’s sole
discretion. No delay or omission to exercise any remedy, right or power
accruing upon an Event of Default shall impair any such remedy, right or power
or shall be construed as a waiver thereof, but any such remedy, right or power
may be exercised from time to time and as often as may be deemed expedient. A
waiver of any Default or Event of Default shall not be construed to be a waiver
of any 

 111
 

 

 

subsequent Default or Event of Default or to impair any remedy, right
or power consequent thereon. Notwithstanding any other provision of this
Agreement, Lender reserves the right to seek a deficiency judgment or preserve
a deficiency claim, in connection with the foreclosure of any Mortgage on the
Mortgaged Property, to the extent necessary to foreclose on other parts of the
Collateral.

Section 7.4.            Intentionally omitted.

Section 7.5.            Curative Advances. If any Event of Default occurs
and is not cured by Borrower after notice from Lender, then Lender may expend
such sums as either shall reasonably deem appropriate to cure or attempt to
cure such Event of Default. Borrower shall immediately repay all such sums so
advanced, which sums shall immediately become part of the Indebtedness, bear
interest at the Default Rate from the date advanced until the date repaid, and
be secured by all Collateral.

ARTICLE
VIII.

SINGLE-PURPOSE, BANKRUPTCY-REMOTE REPRESENTATIONS,

WARRANTIES AND COVENANTS

Section 8.1.            Applicable to Borrower. Borrower hereby
acknowledges that, as a condition of Lender’s agreements and performance of its
obligations hereunder, Lender is relying on the status of Borrower as a legal
entity separate and apart from any Affiliate or other entity and has required
that Borrower maintain such status, and Lender hereby acknowledges such
reliance and requirement. Accordingly, Borrower hereby represents, warrants and
covenants as of the Closing Date and until such time as the Loan is paid in
full, that absent express advance written waiver from Lender, which may be
withheld the Lender’s sole discretion, Borrower:

(a)           was
and will be organized solely for purpose of owning and operating the Mortgaged
Property;

(b)           has
not owned, does not own and will not own any assets other than the Mortgaged
Property (including incidental personal property necessary for the operation
thereof and proceeds therefrom);

(c)           was
not engaged, is not engaged and will not engage in any business, directly or
indirectly, other than the ownership, management and operation of the Mortgaged
Property;

(d)           has
not entered into and will not enter into any contract or agreement with any
partner, member, shareholder, trustee, beneficiary, principal, joint venturer
or Affiliate of Borrower except in the ordinary course of its business pursuant
to written agreements upon terms and conditions that are intrinsically fair and
substantially similar to those that would be available on an arms-length basis
with third parties other than such Affiliate;

(e)           has
not incurred and will not incur any debt, secured or unsecured, direct or
contingent (including guaranteeing any obligation), other than (i) the
Loan, and (ii) trade payables incurred in the ordinary course of business
with trade creditors in connection with 

 112
 

 

 

owning, operating and maintaining the Mortgaged Property, in such
amounts as are normal and reasonable under the circumstances, provided such
debt is not evidenced by a promissory note or other security instrument and is
not at any time in an aggregate amount in excess of two percent (2%) of the
Principal Indebtedness, and further provided that all such trade debts are paid
within sixty (60) days after the same are incurred (excluding therefrom any
equipment financing paid within sixty (60) days after the same are incurred and
trade payables being disputed or contested in good faith by the Borrower and in
the same manner and with the same deposits as Lien Claims set forth in Section 5.1(b)(ii) of
this Agreement;)

(f)            has
not made and will not make any loan or advances to any Person (including any of
its Affiliates), or pledge its assets for the benefit of any other Person, or
seek or obtain credit or incur any obligation to any third party based upon the
assets of any other Person, or induce any third party to rely on the
creditworthiness of any other Person;

(g)           has
remained and as of the Closing Date reasonably expects to remain, solvent, and
has maintained, and as of the Closing Date reasonably expects to maintain
adequate capital for the normal obligations reasonably foreseeable in a
business of its size and character and in light of its contemplated business
operations;

(h)           has
not acquired and will not acquire obligations or securities of any Person;

(i)            has
not failed and will not fail to correct any known misunderstanding or
misrepresentation regarding its separate identity;

(j)            has
done or caused to be done and will do all things necessary to preserve its
existence;

(k)           shall
continuously maintain its existence and good standing and be qualified to do
business in all states necessary to carry on its business, including the state
in which the Mortgaged Property is located;

(l)            has
conducted and operated and will conduct and operate its business solely in its
own name, with all oral and written communications from Borrower, including,
without limitation, correspondence, invoices, purchase orders, billing
statements, applications and business forms, made solely in the name of
Borrower;

(m)          has
accurately maintained and will continue to accurately maintain books, records,
bank accounts, accounting records, financial statements and other entity
documents separate from those of its partners, members, shareholders, trustees,
beneficiaries, principals, Affiliates, and any other Person, with such
accounting records and financial statements having been prepared and kept in
accordance with reasonable accounting practices applied on a consistent basis,
and such financial statements of Borrower shall be prepared in a manner that
indicates (through appropriate footnotes if necessary) the existence of
Borrower and its assets and liabilities separate and apart from any other
Person; moreover, Borrower shall indicate in its financial statements that the
assets of Borrower are not available to satisfy the claims of creditors of any
Affiliate of Borrower and that the assets of any Affiliate of Borrower are not
available to satisfy the claims of creditors of Borrower and, except with
appropriate 

 113
 

 

 

designation as set forth above, Borrower shall not authorize its assets
or liabilities to be listed on the financial statement of any other Person;

(n)           has
been and will be, and at all times has held and will hold itself out to the
public as, a legal entity separate and distinct from any other Person
(including any of its partners, members, shareholders, trustees, beneficiaries,
principals and Affiliates, and any Affiliates of any of the same), and not as a
department or division of any Person;

(o)           has
and will file such tax returns with respect to itself as may be required under
applicable law and has prepared and will prepare separate tax returns and
financial statements, or if part of a consolidated group, is shown as a
separate member of such group;

(p)           has
paid and shall pay its own liabilities, indebtedness, and obligations of any
kind, as the same shall become due, from its own separate assets, rather than
from those of other Persons, and Borrower shall not consent to any Person
operating the Mortgaged Property to incur expenses as agent or on behalf of
Borrower, unless such Person agrees, prior to incurring such expense, to
clearly indicate that such expenses are the sole responsibility of, and any
payment will come from, Borrower;

(q)           has
not and will not enter into any transaction of merger or consolidation, or
acquire by purchase or otherwise all or substantially all of the business or
assets of, or any stock or beneficial ownership of, any Person;

(r)            has
not commingled and will not commingle or permit to be commingled its funds or
other assets with those of any other Person; and has held and will hold title
to all of its real and personal property in its own name and not in the name of
any other Person;

(s)           has
maintained and will maintain its assets in such a manner that it is not costly
or difficult to segregate, ascertain or identify its individual assets from
those of any other Person;

(t)            has
not, does not and will not hold itself out to be responsible for the debts or
obligations of any other Person and, except for the Loan Documents to which
other Persons are party, shall not consent to any other Person holding itself
out as being responsible for the debts or obligations of Borrower;

(u)           has
not and will not assume, guarantee or otherwise become liable on or in
connection with any obligation of any other Person and, except for the Loan
Documents to which other Persons are party, shall not consent to any other
Person guaranteeing, assuming or otherwise becoming liable for any obligation
of Borrower;

(v)           except
for funds deposited into the Local Collection Account, the Collection Account or
the Reserve Accounts in accordance with the Loan Documents, has not and shall
not hold title to its assets other than in its name;

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(w)          complies
and shall at all times hereafter comply with all of the assumptions,
statements, certifications, representations, warranties and covenants regarding
or made by it contained in or appended to the nonconsolidation opinion
delivered pursuant hereto;

(x)            has
paid and will pay its own liabilities and expenses, out of its own funds and
shall not consent to any other Person paying Borrower’s obligations except to
the extent that timely reimbursement is made for the same;

(y)           has
held and will hold regular meetings, as appropriate to conduct its business and
has observed at all times and will observe all limited liability company
formalities and record keeping;

(z)            has
allocated and will allocate to Borrower reasonably and on the basis of fair
market value determined on an arms-length basis all general overhead and
administrative expenses, including all costs associated with common employees
and shared office space, any such allocation shall be specifically and
reasonably documented and substantiated, any such allocation of expenses to
Borrower shall be paid solely by Borrower from Borrower’s own funds, and
Borrower shall at all times use separate stationary, letterhead, invoices and
checks;

(aa)         has
not and will not identify its members or partners, Independent Director/Manager
(as defined below) or any other member or partner of any Affiliate of Borrower,
or any other Person, as a division or part of it;

(bb)         has
paid and will pay the salaries of its own employees and has maintained and will
maintain a sufficient number of employees in light of its contemplated business
operations;

(cc)         has
maintained, currently maintains, and will continue to maintain, its own cash,
cash positions and bank accounts separate from any other Person;

(dd)         shall
not (i) liquidate or dissolve, in whole or in part; (ii) consolidate,
merge or enter into any form of consolidation with or into any other Person,
nor convey, transfer or lease its assets substantially as an entirety to any
Person (other than in accordance with Section 2.7(a) hereof)
nor permit any Person to consolidate, merge or enter into any form of
consolidation with or into itself, nor convey, transfer or lease its assets
substantially as an entirety to any Person; (iii) engage in any business
other than the ownership and operation of the Mortgaged Property; or (iv) amend
any provisions of its organizational documents containing provisions similar to
those contained in this Article VIII;

(ee)         is
either (x) a limited partnership duly formed and existing under the laws
of the State of Texas with one general partner (that being the General Partner)
whose limited partnership agreement and, in the case of the General Partner,
whose limited liability company agreement contains each of the representations,
warranties and covenants set forth in this Article VIII (other than in the
case of the General Partner (gg) and (hh)) or (y) a limited liability
company duly formed and existing under the laws of the State of Delaware with
one (1) equity member (the “Single Member”) in addition to the
Independent Manager, whose limited liability company agreement (the “Borrower
Organizational Documents”) contains each of the 

 115
 

 

 

representations, covenants and warranties set forth in this Article VIII
and requires General Partner (in the case of a limited partnership) or Borrower
(in the case of a limited liability company) to at all times cause there to be
at least one (1) duly appointed independent director or independent
manager, as applicable, who is a natural person and also a non-economic member
of Borrower (in the case of a limited liability company) (each, an “Independent
Director/Manager”) whose affirmative vote will be required in order for a
voluntary filing for protection under the Bankruptcy Code or similar action by
Borrower (and General Partner, if applicable) and who is not at the time of
such individual’s initial appointment as Independent Director/Manager, shall
not be during such individual’s tenure as Independent Director/Manager, and may
not have been at any time during the preceding five years, (i) a
shareholder, member or partner of, or an officer, manager, director, except in
his or her capacity as Independent Director/Manager of Borrower (and General
Partner, if applicable), paid consultant or employee of, customer of or
supplier to or a member of the immediate family of Borrower (except in his or
her capacity as Independent Director/Manager of Borrower (and General Partner,
if applicable) or any of its shareholders, members, partners, subsidiaries or
affiliates or (ii) any person or other entity controlling or under common
control with any such shareholder, member, partner, officer, manager, director,
employee, supplier or customer or any member of the immediate family of any of
them; provided, however, that the foregoing limitations on the
use of persons who are Affiliates of Borrower as Independent Director/Manager
shall not apply to Borrower’s use of natural persons employed by CT Corporation
or any reputable, national service similar to CT Corporation and reasonably
approved by Lender to fill the position of Independent Director/ Manager
required hereunder, notwithstanding that such persons may also act as
independent directors of such Affiliates of Borrower, so long as such
Independent Director/Manager does not derive more than 5% of his/her annual
income from serving as director/manager of Affiliates of Borrower. As used
herein, the term “control” means the possession, directly or indirectly,
of the power to direct or cause the direction of the management and policies of
a person or entity, whether through ownership of voting securities, by contract
or otherwise;

(ff)           has
complied and will comply with the separateness provisions of the Borrower
Organizational Documents since such Borrower Organizational Documents were
executed and delivered, and with the laws of the state of its formation
relating to limited liability companies or limited partnerships;

(gg)         with
respect to any entity comprising the Borrower that is a limited liability
company, the Borrower Organizational Documents provide and shall at all times
continue to provide that upon the occurrence of any event that causes the Single
Member to cease to be a member of Borrower, the Independent Director/Manager
shall, without action of any person and simultaneously with the Single Member
ceasing to be a member of Borrower, automatically continue as a member of such
Borrower and shall continue Borrower without dissolution;

(hh)         with
respect to any entity comprising the Borrower that is a limited liability
company, Borrower shall cause reputable Delaware counsel acceptable to Lender
(the “Delaware Law Firm”) to deliver to Lender an opinion letter
reasonably satisfactory to Lender, whereby the Delaware Law Firm opines (which
opinion may be subject to standard assumptions, qualifications, limitations and
exceptions acceptable to Lender), among other requirements of Lender, that:  (1) the unanimous consent of the Single
Member and the Independent 

 116
 

 

 

Director/Manager is required in order for the applicable Borrower to
file a voluntary bankruptcy petition; (2) the provision in Borrower
Organizational Documents that requires unanimous consent as a condition to
filing a voluntary bankruptcy petition is enforceable against the Single
Member; (3) the bankruptcy, dissolution, liquidation or death of the
Single Member will not cause the applicable Borrower to be dissolved; (4) no
creditor of the Single Member shall have the right to obtain possession of, or
otherwise exercise legal or equitable remedies with respect to, the applicable
Borrower’s property; and (5) Delaware law, not federal law, governs the
determination of what persons or entities have the authority to file a
voluntary bankruptcy petition on behalf of the applicable Borrower;

(ii)           the
Borrower Organizational Documents provide and shall at all times continue to
provide that Borrower shall not cause, permit, or empower the General Partner or
the Single Member, as applicable, manager, or any other person to consolidate
or merge Borrower and General Partner into any other entity, or, without the
affirmative vote and express written authorization of all members or partners
of Borrower and the Independent Director/Manager, to institute proceedings to
have Borrower and General Partner adjudicated bankrupt or insolvent, or consent
to the institution of bankruptcy or insolvency proceedings against Borrower and
General Partner or file a petition seeking or consent to, reorganization or
relief with respect to Borrower and General Partner under any applicable
federal or state law relating to bankruptcy, or consent to the appointment of a
receiver, liquidator, assignee, trustee, sequestrator (or other similar
official) of Borrower and General Partner or a substantial part of Borrower’s
and General Partner’s property, or make any assignment for the benefit of
creditors of Borrower and General Partner, or admit in writing Borrower’s or
General Partner’s inability to pay its debts generally as they become due, or
take action in furtherance of any such action; and

(jj)           the
Borrower Organizational Documents provide and shall at all times continue to
provide (i) that Borrower shall at all times maintain an arms-length
relationship with any Affiliates of Borrower, (ii) that Borrower shall at
all times maintain independent management over its daily business affairs, free
from any control exercised by any Affiliate of Borrower, and (iii) that to
the extent that control of Borrower is exercised by any manager, and the same
individual acts as manager or similar control person with respect to any
Affiliate of Borrower, such individual will act in accordance with the
separateness requirements of the Loan Documents and Borrower Organizational
Documents, including, without limitation (A) an express requirement under
the Borrower Organizational Documents that the manager of Borrower make all
decisions regarding the business of Borrower independent of, and not dictated
by, any Affiliate of the Borrower, and (B) the provisions of the Loan
Documents and the Borrower Organizational Documents relating to transactions
with Affiliates of Borrower and conflicts of interest.

ARTICLE
IX.

MISCELLANEOUS

Section 9.1.            Survival. This Agreement and all covenants,
agreements, representations and warranties made herein and in the certificates
delivered pursuant hereto shall survive the execution and delivery of this
Agreement, the making the Loan hereunder and the execution and delivery by Borrower
to Lender of the Loan Documents, and shall continue in full force and effect so
long as any portion of the Indebtedness is outstanding and unpaid. Whenever 

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in this Agreement any of the parties hereto is referred to, such
reference shall be deemed to include the successors and assigns of such party. All
covenants, promises and agreements in this Agreement contained, by or on behalf
of Borrower, shall inure to the benefit of the respective successors and
assigns of Lender. Nothing in this Agreement or in any other Loan Document,
express or implied, shall give to any Person other than the parties and the
holder of the Note and the other Loan Documents, and their legal
representatives, successors and assigns, any benefit or any legal or equitable
right, remedy or claim hereunder.

Section 9.2.            Lender’s Discretion. Whenever pursuant to this
Agreement, Lender exercises any right given to it to approve or disapprove, or
any arrangement or term is to be satisfactory to Lender, the decision of Lender
to approve or disapprove or to decide whether arrangements or terms are
satisfactory or not satisfactory shall (except as is otherwise specifically
herein provided) be in the sole discretion of Lender and shall be final and
conclusive.

Section 9.3.            Governing Law.

(a)           This
Agreement was negotiated in New York and made by Lender and accepted by
Borrower in the State of New York, and the proceeds of the Note delivered
pursuant hereto were disbursed from New York, which State the parties agree has
a substantial relationship to the parties and to the underlying transaction
embodied hereby, and in all respects (including, without limitation, matters of
construction, validity, performance, and maximum permissible rates of
interest), this Agreement and the obligations arising hereunder shall be
governed by, and construed in accordance with, the laws of the State of New
York applicable to contracts made and performed in such State and any
applicable law of the United States of America, except that at all times the
provisions for the creation, perfection and enforcement of the liens and
security interests created pursuant to each Mortgage and Assignment of Rents
and Leases shall be governed by the laws of each State where the related
Mortgaged Property is located, except that the security interests in Account
Collateral shall be governed by the laws of the State of New York or the State
where the Account Collateral is held, at the option of Lender.

(b)           Borrower
hereby consents to the jurisdiction of any federal court or state court in New
York, New York or within the county and state in which any Mortgaged Property
is located and irrevocably agrees that, subject to Lender’s election, any legal
suit, action or proceeding against Lender or Borrower arising out of or
relating to this Agreement or the other Loan Documents may be instituted and
litigated in such courts. Borrower hereby (i) irrevocably waives, to the
fullest extent permitted by applicable law, any objection which it may now or
hereafter have to the laying of venue of any such suit, action or proceeding
brought in such a court and any claim that any such proceeding brought in such
a court has been brought in an inconvenient forum, and (ii) irrevocably
submits to the jurisdiction of any such court in any such suit, action or
proceeding. Borrower does hereby designate and appoint Corporation Service
Company, as its authorized agent to accept and acknowledge on its behalf
service of any and all process which may be served in any such suit, action or
proceeding in any federal or state court in New York, New York, and agrees that
service of process upon said agent at said address (or at such other office in
New York, New York as may be designated by Borrower from time to time in
accordance with the terms hereof) with a copy to Borrower at its principal
executive offices, and written notice of said service of Borrower mailed or
delivered to Borrower in the manner provided herein shall be deemed in every
respect effective service of process upon 

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Borrower, in any such suit, action or proceeding in the State of New
York. Borrower (i) shall give prompt notice to Lender of any change in
address of its authorized agent hereunder, (ii) may at any time and from
time to time designate a substitute authorized agent with an office in New York,
New York (which office shall be designated as the address for service of
process), and (iii) shall promptly designate such a substitute if its
authorized agent ceases to have an office in New York, New York or is dissolved
without leaving a successor.

Section 9.4.            Modification, Waiver in Writing. No modification,
amendment, extension, discharge, termination or waiver of any provision of this
Agreement or any other Loan Document, or consent or waiver referred to in any
Loan Document or consent to any departure by Borrower therefrom, shall in any
event be effective unless the same shall be in a writing signed by the party
against whom enforcement is sought, and then such waiver or consent shall be
effective only in the specific instance, and for the purpose, for which given. Except
as otherwise expressly provided herein, no notice to or demand on Borrower
shall entitle Borrower to any other or future notice or demand in the same,
similar or other circumstances.

Section 9.5.            Delay Not a Waiver. Neither any failure nor any
delay on the part of Lender in insisting upon strict performance of any term,
condition, covenant or agreement, or exercising any right, power, remedy or
privilege hereunder, or under any other Loan Document, or any other instrument
given as security therefor, shall operate as or constitute a waiver thereof,
nor shall a single or partial exercise thereof preclude any other future
exercise, or the exercise of any other right, power, remedy or privilege. In
particular, and not by way of limitation, by accepting payment after the due
date of any amount payable under this Agreement, the Note or any other Loan
Document, Lender shall not be deemed to have waived any right either to require
prompt payment when due of all other amounts due under this Agreement, the Note
or the other Loan Documents, or to declare a default for failure to effect
prompt payment of any such other amount.

Section 9.6.            Notices. All notices, consents, approvals and
requests required or permitted hereunder or under any other Loan Document shall
be given in writing and shall be effective for all purposes if delivered or
sent by:  (a) hand delivery, (b) certified
or registered United States mail, postage prepaid, (c) nationally
recognized overnight delivery service, (d) by facsimile transmission,
addressed if to Lender or to Borrower at its applicable address set forth on
Schedule 5 hereto, or at such other address and Person as shall be designated
from time to time by any party hereto, as the case may be, in a written notice
to the other parties hereto in the manner provided for in this Section 9.6,
or (e) other than with respect to an amendment or modification, an
electronic medium. A notice shall be deemed to have been given:  in the case of hand delivery, at the time of
delivery; in the case of registered or certified mail, when delivered or three
Business Days after mailing; in the case of overnight delivery and facsimile
transmission, on the Business Day after the same was sent; or in the case of
electronic medium, when confirmed by e-mail. A party receiving a notice which
does not comply with the technical requirements for notice under this Section 9.6
may elect to waive any deficiencies and treat the notice as having been
properly given. Delivery by telecopier of an executed counterpart of any
amendment or waiver of any provision of this Agreement or the Notes or of any Exhibit hereto
to be executed and delivered hereunder shall be effective as delivery of an
original executed counterpart thereof.

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Section 9.7.            TRIAL BY JURY. BORROWER, TO THE FULLEST EXTENT
THAT IT MAY LAWFULLY DO SO, WAIVES TRIAL BY JURY IN ANY ACTION OR
PROCEEDING, INCLUDING, WITHOUT LIMITATION, ANY TORT ACTION, BROUGHT BY ANY
PARTY HERETO WITH RESPECT TO THIS AGREEMENT, THE NOTE OR THE OTHER LOAN
DOCUMENTS.

Section 9.8.            Headings. The Article and Section headings
in this Agreement are included herein for convenience of reference only and
shall not constitute a part of this Agreement for any other purpose.

Section 9.9.            Assignment.

(a)           Borrower
may not sell, assign or transfer any interest in the Loan Documents, or any
portion of the foregoing (including, without limitation, Borrower’s rights,
title, interests, remedies, powers and duties hereunder and thereunder) without
Lender’s prior written consent. Lender shall have the right to assign or
participate this Agreement and/or its interest in any of the other Loan
Documents and the obligations hereunder to any Person. In the event of an
assignment by Lender, (a) the assignee shall have, to the extent of such
assignment, the same rights, benefits and obligations as it would have if it
were an original “Lender” hereunder; (b) the assignee shall be deemed for
all purposes to be a “Lender” hereunder; and (c) upon any such
substitution of Lender, a replacement or addition “Lender signature page” shall
be executed by the new Lender and attached to this Agreement and thereupon
become a part of this Agreement. After the effectiveness of any assignment, the
new Lender shall provide notice to Borrower of the identity, address and other
pertinent information pertaining to the new Lender. Notwithstanding anything in
this Agreement to the contrary, after an assignment by Lender, the “Lender”
(prior to such assignment) shall continue to have the benefits of any rights or
indemnifications and shall continue to have the obligations contained herein
which Lender had during the period such party was a “Lender” hereunder. Borrower
agrees that each participant shall be entitled to the benefits of Section 2.10
with respect to its participation in this Agreement or any other Loan Document
from time to time as if such participant were a Lender; provided that,
in the case of Section 2.10, such participant shall have complied with the
requirements of said Section, and provided, further, that no
participant shall be entitled to receive any greater amount pursuant to Section 2.10
than the transferor Lender would have been entitled to receive in respect of
the amount of the participation transferred by such transferor Lender to such
participant had no such transfer occurred.

(b)           Lender
may from time to time elect to enter into a servicing agreement with a
servicer, pursuant to which the servicer shall be appointed to service and
administer the Loan and the Account Collateral in accordance with the terms
hereof and to exercise any and all other rights of Lender with respect to the
Loan as set forth in such servicing agreement. Lender shall promptly notify
Borrower if Lender shall elect to appoint or change the servicer, and all
notices and other communications from Borrower to Lender shall be delivered to
the servicer with a copy concurrently delivered to the Lender, and any notice,
direction or other communication from the servicer to Borrower shall have the
same force and effect as a notice, direction or communication from Lender. The
servicer shall be entitled to be reimbursed for any cost, expense or liability
which is incurred by the servicer pursuant to such servicing and administrative
duties and which would otherwise be reimbursable to Lender under this 

 120
 

 

 

Agreement or any other Loan Document in the same manner and to the same
extent as if Lender incurred such cost, expense or liability in the first place.
The parties hereto acknowledge and agree that the servicer shall be a third
party beneficiary to this Agreement and the other Loan Documents.

Section 9.10.          Severability. Wherever possible, each provision of
this Agreement shall be interpreted in such manner as to be effective and valid
under applicable law, but if any provision of this Agreement shall be
prohibited by or invalid under applicable law, such provision shall be
ineffective to the extent of such prohibition or invalidity, without
invalidating the remainder of such provision or the remaining provisions of
this Agreement.

Section 9.11.          Preferences. Lender shall have no obligation to
marshal any assets in favor of Borrower or any other party or against or in
payment of any or all of the obligations of Borrower pursuant to this
Agreement, the Note or any other Loan Document. Lender shall have the
continuing and exclusive right to apply or reverse and reapply any and all
payments by Borrower to any portion of the obligations of Borrower hereunder,
provided that such application or reapplication is performed by Lender in
accordance with the terms of this Agreement or any other applicable Loan
Document. To the extent Borrower makes a payment or payments to Lender for
Borrower’s benefit, which payment or proceeds or any part thereof are
subsequently invalidated, declared to be fraudulent or preferential, set aside
or required to be repaid to a trustee, receiver or any other party under any
bankruptcy law, state or federal law, common law or equitable cause, then, to
the extent of such payment or proceeds received, the obligations hereunder or part
thereof intended to be satisfied shall be revived and continue in full force
and effect, as if such payment or proceeds had not been received by Lender.

Section 9.12.          Waiver of Notice. Borrower shall not be entitled to
any notices of any nature whatsoever from Lender except with respect to matters
for which this Agreement or another Loan Document specifically and expressly
provides for the giving of notice by Lender to Borrower and except with respect
to matters for which Borrower is not, pursuant to applicable Legal
Requirements, permitted to waive the giving of notice. Borrower hereby
expressly waives the right to receive any notice from Lender with respect to
any matter for which this Agreement or the other Loan Documents does not
specifically and expressly provide for the giving of notice by Lender to
Borrower.

Section 9.13.          Failure to Consent. If Borrower shall seek the
approval by or consent of Lender hereunder or under the Note, or any of the
other Loan Documents, and Lender shall fail or refuse to give such consent or
approval, then Borrower shall not be entitled to any damages for any
withholding or delay of such approval or consent by Lender, it being intended
that Borrower’s sole remedy shall be to bring an action for an injunction or
specific performance.

Section 9.14.          Schedules Incorporated. The information set forth on
the cover, heading and recitals hereof, and the Schedules attached hereto, are
hereby incorporated herein as a part of this Agreement with the same effect as
if set forth in the body hereof.

Section 9.15.          Offsets, Counterclaims and Defenses. Any assignee of
any of Lender’s interest in and to this Agreement and the other Loan Documents
shall take the same free and clear of all offsets, counterclaims or defenses
which are unrelated to this Agreement and 

 121
 

 

 

the other Loan Documents which Borrower may otherwise have against any
assignor or this Agreement and the other Loan Documents. No such unrelated
counterclaim or defense shall be interposed or asserted by Borrower in any
action or proceeding brought by any such assignee upon this Agreement or upon
any other Loan Document. Any such right to interpose or assert any such
unrelated offset, counterclaim or defense in any such action or proceeding is
hereby expressly waived by Borrower.

Section 9.16.          No Joint Venture or Partnership. Borrower and Lender
intend that the relationship created hereunder be solely that of borrower and
lender. Nothing herein is intended to create a joint venture, partnership,
tenancy-in-common, or joint tenancy relationship between Borrower and Lender
nor to grant Lender any interest in the Collateral other than that of secured
party, mortgagee or lender.

Section 9.17.          Waiver of Marshalling of Assets Defense. To the
fullest extent Borrower may legally do so, Borrower waives all rights to a
marshalling of the assets of Borrower, and others with interests in Borrower,
and of the Collateral, or to a sale in inverse order of alienation in the event
of foreclosure of the interests hereby created, and agrees not to assert any
right under any laws pertaining to the marshalling of assets, the sale in
inverse order of alienation, homestead exemption, the administration of estates
of decedents, or any other matters whatsoever to defeat, reduce or affect the
right of Lender under the Loan Documents to a sale of any Collateral for the
collection of the Indebtedness without any prior or different resort for
collection, or the right of Lender to the payment of the Indebtedness out of
the Net Proceeds of the Collateral in preference to every other claimant
whatsoever.

Section 9.18.          Waiver of Counterclaim. To the extent permitted by
applicable law, Borrower hereby waives the right to assert a counterclaim,
other than compulsory counterclaim, in any action or proceeding brought against
it by Lender or its agents.

Section 9.19.          Conflict; Construction of Documents. In the event of
any conflict between the provisions of this Agreement and the provisions of any
of the other Loan Documents, the provisions of this Agreement shall prevail. The
parties hereto acknowledge that they were represented by counsel in connection
with the negotiation and drafting of the Loan Documents and that the Loan
Documents shall not be subject to the principle of construing their meaning
against the party that drafted same.

Section 9.20.          Brokers and Financial Advisors. Borrower hereby
represents that it has dealt with no financial advisors, brokers, underwriters,
placement agents, agents or finders in connection with the transactions
contemplated by this Agreement. Borrower hereby agrees to indemnify and hold
Lender harmless from and against any and all claims, liabilities, costs and
expenses of any kind in any way relating to or arising from a claim by any
Person that such Person acted on behalf of Borrower in connection with the
transactions contemplated herein. The provisions of this Section 9.20
shall survive the expiration and termination of this Agreement and the
repayment of the Indebtedness.

Section 9.21.          Counterparts. This Agreement may be executed in any
number of counterparts, each of which when so executed and delivered shall be
an original, but all of which shall together constitute one and the same
instrument.

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Section 9.22.          Estoppel Certificates. Borrower and Lender hereby
agree at any time and from time to time upon not less than fifteen (15) days
prior written notice by Borrower or Lender to execute, acknowledge and deliver
to the party specified in such notice, a statement, in writing, certifying that
this Agreement is unmodified and in full force and effect (or if there have
been modifications, that the same, as modified, is in full force and effect and
stating the modifications hereto), and stating whether or not, to the knowledge
of such certifying party, any Default or Event of Default has occurred and is
then continuing, and, if so, specifying each such Default or Event of Default; provided,
however, that it shall be a condition precedent to Lender’s obligation
to deliver the statement pursuant to this Section 8.22, that Lender
shall have received, together with Borrower’s request for such statement, an
Officer’s Certificate stating that, to the knowledge of Borrower, no Default or
Event of Default exists as of the date of such certificate (or specifying such
Default or Event of Default).

Section 9.23.          Payment of Expenses. Borrower shall pay all
Transaction Costs (excluding any Tax Liabilities which are not payable by the
Borrower pursuant to Section 2.10), which shall include, without
limitation, (a) reasonable out-of-pocket costs and expenses of Lender in
connection with (i) the negotiation, preparation, execution and delivery
of the Loan Documents and the documents and instruments referred to therein; (ii) the
creation, perfection or protection of Lender’s Liens in the Collateral
(including, without limitation, fees and expenses for title and lien searches
or amended or replacement Mortgages, UCC financing statements or Collateral
Security Instruments, title insurance premiums and filing and recording fees,
third party due diligence expenses for the Mortgaged Property plus travel
expenses, accounting firm fees, costs of the Appraisals, Environmental Reports
(and an environmental consultant), and the Property Condition Assessments and
costs and fees incurred in connection with arranging, setting up, servicing and
maintaining the Account Collateral); (iii) the administration of the Loan
Documents and the Loan and response to any requests for Lender consent or
approval of any matter; (iv) the negotiation, preparation, execution and
delivery of any amendment, waiver, restructuring or consent relating to any of
the Loan Documents, and (v) the preservation of rights under and
enforcement of the Loan Documents and the documents and instruments referred to
therein, including any communications or discussions relating to any action
that Borrower shall from time to time request Lender to take, as well as any
restructuring or rescheduling of the Indebtedness, (b) the reasonable
fees, expenses and other charges of counsel to Lender or its servicer in
connection with all of the foregoing, and (c) Lender’s reasonable
out-of-pocket travel expenses in connection with site visits to the Mortgaged
Property; provided, that so long as an Event of Default has not occurred
and is not continuing, the Borrower shall not be obligated to pay for Lender’s
travel expenses in connection with more than one site visit to each individual
Mortgaged Property during any twelve consecutive month period and Lender shall
use reasonable efforts to minimize the Transaction Costs paid by Borrower in
connection with such site visits.

Section 9.24.          Non-Recourse. Anything contained herein, in the Note
or in any other Loan Document to the contrary notwithstanding, but subject in
all respect to provisos (A) through (E) below, no recourse shall be
had for the payment of the principal or interest on the Loan or for any other
Indebtedness, obligation or liability hereunder or under any other Loan
Document or for any claim based hereon or thereon or otherwise in respect
hereof or thereof against (i) any Affiliate of Borrower other than
Borrower), (ii) any Person owning, directly or indirectly, any legal or
beneficial interest in Borrower or any Affiliate of Borrower (other than 

 123
 

 

 

Borrower) or (iii) any partner, member, principal, officer,
controlling person, beneficiary, trustee, advisor, shareholder, employee,
agent, Affiliate or director of any Persons described in clauses (i) through
(iii) above (other than Borrower), and it is understood that neither the
Note nor any other Indebtedness, obligation or liability under or with respect
to this Agreement and any other Loan Document may be enforced against any
Person described in clauses (i) through (iii) above
(other than Borrower); provided, however, that the foregoing
provisions of this paragraph shall not:

(A)          prevent recourse to
Borrower, the assets of Borrower, the Mortgaged Property or any other
instrument or document which is pledged by Borrower to Lender pursuant to the
Loan Documents, including all Collateral;

(B)           limit the liability
of the parties under the Guaranty of Non-Recourse Obligations;

(C)           constitute a waiver,
release or discharge of any indebtedness or obligation evidenced by the Note or
secured by the Loan Documents, and the same shall continue until paid or
discharged in full; or

(D)          prevent recourse to
Borrower and Guarantor, jointly and severally, and their respective assets for
repayment of the Indebtedness, and the Indebtedness shall be fully recourse not
only to Borrower but also to Guarantor, in the event:

(1)           Borrower or any Affiliate contests or in
any way interferes with, directly or indirectly (collectively, a “Contest”),
any foreclosure action or sale commenced by Lender or with any other
enforcement of Lender’s rights, powers or remedies under any of the Loan
Documents or under any document evidencing, securing or otherwise relating to
any of the Collateral (whether by making any motion, bringing any counterclaim,
claiming any defense, seeking any injunction or other restraint, commencing any
action seeking to consolidate any such foreclosure or other enforcement with
any other action, or otherwise) (except this clause (1) shall not apply if
Borrower or such Affiliate successfully asserts a Contest and obtains a
favorable court order for the Borrower as to same);

(2)           any Mortgaged Property becomes an asset
in a voluntary bankruptcy or insolvency proceeding or any petition for
bankruptcy, reorganization or arrangement pursuant to federal bankruptcy law,
or any similar federal or state law, shall be filed (x) by Borrower or (y) against
Borrower with the consent or acquiescence of Borrower or the Guarantor or their
respective Affiliates;

(3)           of any Transfer in violation of the terms
of the Loan Documents;

(4)           Borrower or the General Partner or the
Guarantor makes an assignment for the benefit of creditors or admits, in
writing 

 124
 

 

 

or in any
legal proceeding, its insolvency or inability to pay its debts as they become
due; or

(E)           prevent recourse to
Borrower and Guarantor, jointly and severally, and their respective assets, and
Borrower and Guarantor shall be fully and personally liable, for any loss,
costs, liability, damage or expense (including, without limitation, attorneys’
fees and disbursements) suffered or incurred by Lender or any Indemnified Party
related to or arising from any of the following acts committed by or on behalf
of Borrower, Guarantor or any of their respective Affiliates:

(1)           any fraud, misappropriation or
misapplication of funds (including Loss Proceeds or Rents) in contravention of
the Loan Documents, or intentional misrepresentation contained in any Loan
Documents or report furnished pursuant to any Loan Document;

(2)           additional financing obtained by Borrower
(whether secured or unsecured) in violation of the terms of the Loan Documents;

(3)           actual material physical waste to the
Mortgaged Property or material damage to the Mortgaged Property resulting from
gross negligence or willful misconduct;

(4)           of any breach of Article VIII
hereof;

(5)           of any breach of any representation, warranty
or covenant in this Agreement or the Environmental Indemnity Agreement,
concerning Environmental Laws and Hazardous Substances;

(6)           any security deposits received by
Borrower or Manager from tenants not being properly applied, returned to tenants
when due or delivered to Lender, a receiver or a purchaser of the Mortgaged
Property in the event of a foreclosure sale upon such Person taking possession
of the Mortgaged Property;

(7)           any Legal Requirement mandating the
forfeiture by Borrower of the Collateral or any portion thereof because of the
conduct or purported conduct of criminal activity by Borrower or any Affiliate
in connection therewith;

(8)           all costs and expenses, including
reasonable attorneys’ fees and expenses, incurred in enforcing any obligation
or liability or in collecting any amount due under this Section 9.24(D) or
this Section 9.24(E), the Environmental Indemnity and the Guaranty
of Non-Recourse Obligations, which, as to Borrower, is a recourse obligation of
Borrower as described in this Section 9.24(D) or this Section 9.24(E),
the Environmental Indemnity and the Guaranty of Non-Recourse Obligations, or,
as to Guarantor, is a recourse obligation of Guarantor under the Guaranty of
Non-Recourse Obligations or the Environmental Indemnity;

 125
 

 

 

(9)           the failure to pay Impositions assessed
against the Mortgaged Property to the extent there was sufficient funds
available to pay and Lender allows Borrower to apply the same, or the failure
to maintain insurance as required under the Loan Documents, or the failure to
pay any deductible amount in respect of any insurance maintained in respect of
the Mortgaged Property, or the failure to pay and discharge any mechanic’s or
materialman’s Liens against the Mortgaged Property to the extent there was
sufficient funds available to pay and discharge and Lender allows Borrower to
apply the same; or

(10)         any Rents or Proceeds received or collected
by Borrower, any Affiliate of Borrower or Manager and not deposited into the
Local Collection Account or the Collection Account in accordance with Section 2.12.

(Remainder of the page blank; signature pages follow)

 

 126

 

 

IN WITNESS
WHEREOF, the parties hereto have caused this Agreement to be duly executed by
their duly authorized representatives, all as of the day and year first above
written.

	
   

  	
  BORROWER:

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  ARC18TX LP,

  
	
   

  	
  a Delaware limited partnership

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  ARC18TXGP LLC,

  
	
   

  	
   

  	
  a Delaware limited liability company,

  
	
   

  	
   

  	
  it’s sole general partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/Scott L. Gesell

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Scott L. Gesell

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  ARCML06 LLC,

  
	
   

  	
  a Delaware limited liability company

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Scott L. Gesell

  
	
   

  	
   

  	
  Name:

  	
  Scott L. Gesell

  
	
   

  	
   

  	
  Title:

  	
  Manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  ARC18FLD LLC,

  
	
   

  	
  a Delaware limited liability company

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Scott L. Gesell

  
	
   

  	
   

  	
  Name:

  	
  Scott L. Gesell

  
	
   

  	
   

  	
  Title:

  	
  Manager

  

 

(Signature
Page to Loan Agreement/Signatures continue on the following page.)

 

 

 

	
  

  	
  ARC18FLSH LLC,

  
	
   

  	
  a Delaware limited liability company

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Scott L. Gesell

  
	
   

  	
   

  	
  Name: 

  	
  Scott L. Gesell

  
	
   

  	
   

  	
  Title:

  	
  Manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  ARCFLMC LLC,

  
	
   

  	
  a Delaware limited liability company

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Scott L. Gesell

  
	
   

  	
   

  	
  Name: 

  	
  Scott L. Gesell

  
	
   

  	
   

  	
  Title:

  	
  Manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  ARCFLSV LLC,

  
	
   

  	
  a Delaware limited liability company

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Scott L. Gesell

  
	
   

  	
   

  	
  Name: 

  	
  Scott L. Gesell

  
	
   

  	
   

  	
  Title:

  	
  Manager

  

 

(Signature
Page to Loan Agreement/Signatures continue on the following page.)

 

 

	
  

  	
  LENDER:

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  MERRILL LYNCH MORTGAGE LENDING, INC., a Delaware
  corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Robert J. Spinna, Jr.

  
	
   

  	
   

  	
  Name: 

  	
  Robert J. Spinna, Jr.

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  

 

 (Signature Page to Loan Agreement)

 

 

SCHEDULE 1

Environmental Work Reserved for in the Environmental Reserve Account

	
  Property

  	
   

  	
  Property

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Release

  	
   

  
	
  Name

  	
   

  	
  Address

  	
   

  	
  City

  	
   

  	
  State

  	
   

  	
  Zip

  	
   

  	
  $

  	
   

  
	
  Five Seasons Davenport

  	
   

  	
  5112
  N. Fairmount Street

  	
   

  	
  Davenport

  	
   

  	
  IA

  	
   

  	
  52806

  	
   

  	
  $

  	
  100,000.00

  	
   

  
	
  Twin Pines

  	
   

  	
  2011
  W Wilden Ave

  	
   

  	
  Goshen

  	
   

  	
  IN

  	
   

  	
  46528

  	
   

  	
  $

  	
  80,000.00

  	
   

  
	
  Oakwood Forest

  	
   

  	
  4100
  N. US 29 Hwy Lot 84

  	
   

  	
  Greensboro

  	
   

  	
  NC

  	
   

  	
  27405

  	
   

  	
  $

  	
  110,000.00

  	
   

  
	
  Casual Estates

  	
   

  	
  8191
  Oswego Road

  	
   

  	
  Liverpool

  	
   

  	
  NY

  	
   

  	
  13090

  	
   

  	
  $

  	
  150,000.00

  	
   

  
	
  Shady Hills

  	
   

  	
  1508
  Dickerson Pk, #L-1

  	
   

  	
  Nashville

  	
   

  	
  TN

  	
   

  	
  37207

  	
   

  	
  $

  	
  80,000.00

  	
   

  
	
  Total

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  $

  	
  520,000.00

  	
   

  

 S1-1

 

 

SCHEDULE 2

Allocation Loan Amounts

	
  MORTGAGED PROPERTY

  	
   

  	
  CITY

  	
   

  	
  STATE

  	
   

  	
  ALLOCATED

  LOAN AMOUNT ($)

  
	
  Loveland

  	
   

  	
  Loveland

  	
   

  	
  CO

  	
   

  	
  3,530,000

  
	
  Meadowbrook

  	
   

  	
  Pueblo

  	
   

  	
  CO

  	
   

  	
  4,420,000

  
	
  Deerpointe

  	
   

  	
  Jacksonville

  	
   

  	
  FL

  	
   

  	
  3,670,000

  
	
  Magnolia Circle

  	
   

  	
  Jacksonville

  	
   

  	
  FL

  	
   

  	
  2,150,000

  
	
  Southwind Village

  	
   

  	
  Naples

  	
   

  	
  FL

  	
   

  	
  8,190,000

  
	
  Shadow Hills

  	
   

  	
  Orlando

  	
   

  	
  FL

  	
   

  	
  16,500,000

  
	
  Golden Valley

  	
   

  	
  Douglasville

  	
   

  	
  GA

  	
   

  	
  1,710,000

  
	
  Plantation Estates

  	
   

  	
  Douglasville

  	
   

  	
  GA

  	
   

  	
  2,270,000

  
	
  Landmark Village

  	
   

  	
  Fairburn

  	
   

  	
  GA

  	
   

  	
  11,070,000

  
	
  Hunter Ridge

  	
   

  	
  Jonesboro

  	
   

  	
  GA

  	
   

  	
  16,090,000

  
	
  Woodlands of Kennesaw

  	
   

  	
  Kennesaw

  	
   

  	
  GA

  	
   

  	
  7,500,000

  
	
  Lakeside - GA

  	
   

  	
  Lithia Springs

  	
   

  	
  GA

  	
   

  	
  1,970,000

  
	
  Castlewood Estates

  	
   

  	
  Mableton

  	
   

  	
  GA

  	
   

  	
  6,530,000

  
	
  Country Club Crossing

  	
   

  	
  Altoona

  	
   

  	
  IA

  	
   

  	
  5,980,000

  
	
  Cedar Terrace

  	
   

  	
  Cedar Rapids

  	
   

  	
  IA

  	
   

  	
  3,250,000

  
	
  Five Seasons Davenport

  	
   

  	
  Davenport

  	
   

  	
  IA

  	
   

  	
  3,970,000

  
	
  Lakeside - IA

  	
   

  	
  Davenport

  	
   

  	
  IA

  	
   

  	
  1,950,000

  
	
  Silver Creek

  	
   

  	
  Davenport

  	
   

  	
  IA

  	
   

  	
  4,150,000

  
	
  Enchanted Village

  	
   

  	
  Alton

  	
   

  	
  IL

  	
   

  	
  5,900,000

  
	
  Forest Creek

  	
   

  	
  Elkhart

  	
   

  	
  IN

  	
   

  	
  3,800,000

  
	
  Highland

  	
   

  	
  Elkhart

  	
   

  	
  IN

  	
   

  	
  4,960,000

  
	
  Oak Ridge

  	
   

  	
  Elkhart

  	
   

  	
  IN

  	
   

  	
  5,150,000

  
	
  Broadmore

  	
   

  	
  Goshen

  	
   

  	
  IN

  	
   

  	
  6,690,000

  
	
  Twin Pines

  	
   

  	
  Goshen

  	
   

  	
  IN

  	
   

  	
  5,920,000

  
	
  Shawnee Hills

  	
   

  	
  Topeka

  	
   

  	
  KS

  	
   

  	
  850,000

  
	
  Chisholm Creek

  	
   

  	
  Wichita

  	
   

  	
  KS

  	
   

  	
  2,370,000

  
	
  Sherwood Acres

  	
   

  	
  Wichita

  	
   

  	
  KS

  	
   

  	
  780,000

  
	
  Villa

  	
   

  	
  Flint

  	
   

  	
  MI

  	
   

  	
  5,240,000

  
	
  Autumn Forest

  	
   

  	
  Brown Summit

  	
   

  	
  NC

  	
   

  	
  1,670,000

  

 

 S2-1
 

 

 

	
  MORTGAGED PROPERTY

  	
   

  	
  CITY

  	
   

  	
  STATE

  	
   

  	
  ALLOCATED

  LOAN AMOUNT ($)

  
	
  Oakwood Forest

  	
   

  	
  Greensboro

  	
   

  	
  NC

  	
   

  	
  4,800,000

  
	
  Woodlake

  	
   

  	
  Greensboro

  	
   

  	
  NC

  	
   

  	
  2,400,000

  
	
  Columbia Heights

  	
   

  	
  Grand Forks

  	
   

  	
  ND

  	
   

  	
  7,380,000

  
	
  President’s Park

  	
   

  	
  Grand Forks

  	
   

  	
  ND

  	
   

  	
  3,000,000

  
	
  Valley Verde

  	
   

  	
  Las Cruces

  	
   

  	
  NM

  	
   

  	
  3,530,000

  
	
  Casual Estates

  	
   

  	
  Liverpool

  	
   

  	
  NY

  	
   

  	
  7,500,000

  
	
  Birch Meadows

  	
   

  	
  Saratoga Springs

  	
   

  	
  NY

  	
   

  	
  1,370,000

  
	
  Park D’Antoine

  	
   

  	
  Wilton

  	
   

  	
  NY

  	
   

  	
  340,000

  
	
  Crestview

  	
   

  	
  Stillwater

  	
   

  	
  OK

  	
   

  	
  1,870,000

  
	
  Chambersburg I & II

  	
   

  	
  Chambersburg

  	
   

  	
  PA

  	
   

  	
  1,170,000

  
	
  The Pines

  	
   

  	
  Ladson

  	
   

  	
  SC

  	
   

  	
  1,410,000

  
	
  Carnes Crossing

  	
   

  	
  Summerville

  	
   

  	
  SC

  	
   

  	
  10,130,000

  
	
  Shady Hills

  	
   

  	
  Nashville

  	
   

  	
  TN

  	
   

  	
  1,880,000

  
	
  Seamist

  	
   

  	
  Corpus Christi

  	
   

  	
  TX

  	
   

  	
  1,290,000

  
	
  Seascape

  	
   

  	
  Corpus Christi

  	
   

  	
  TX

  	
   

  	
  2,050,000

  
	
  Amber Village

  	
   

  	
  Dallas

  	
   

  	
  TX

  	
   

  	
  1,550,000

  
	
  Mulberry Heights

  	
   

  	
  Fort Worth

  	
   

  	
  TX

  	
   

  	
  660,000

  
	
  Sunset Village

  	
   

  	
  Gainesville

  	
   

  	
  TX

  	
   

  	
  650,000

  
	
  Quail Run

  	
   

  	
  Hutchins

  	
   

  	
  TX

  	
   

  	
  3,290,000

  
	
  Meadow Glen

  	
   

  	
  Keller

  	
   

  	
  TX

  	
   

  	
  2,440,000

  
	
  Silver Leaf

  	
   

  	
  Mansfield

  	
   

  	
  TX

  	
   

  	
  2,010,000

  
	
  Lakewood - TX

  	
   

  	
  Royse City

  	
   

  	
  TX

  	
   

  	
  2,380,000

  
	
  Bluebonnet Estates

  	
   

  	
  Temple

  	
   

  	
  TX

  	
   

  	
  1,370,000

  
	
  Terrell Crossing

  	
   

  	
  Terrell

  	
   

  	
  TX

  	
   

  	
  1,930,000

  
	
  Eagle Creek

  	
   

  	
  Tyler

  	
   

  	
  TX

  	
   

  	
  1,590,000

  
	
  Shiloh Pines

  	
   

  	
  Tyler

  	
   

  	
  TX

  	
   

  	
  2,730,000

  
	
  Willow Creek Estates

  	
   

  	
  Ogden

  	
   

  	
  UT

  	
   

  	
  2,090,000

  
	
  Evergreen Village

  	
   

  	
  Pleasant View

  	
   

  	
  UT

  	
   

  	
  5,000,000

  
	
  Overpass Point MHC

  	
   

  	
  Tooele

  	
   

  	
  UT

  	
   

  	
  2,640,000

  
	
  Kopper View MHC

  	
   

  	
  West Valley City

  	
   

  	
  UT

  	
   

  	
  1,320,000

  

 S2-2

 

 

SCHEDULE 3

Homesites

	
  CODE

  	
   

  	
  COMMUNITY

  	
   

  	
  CITY

  	
   

  	
  STATE

  	
   

  	
  HOMESITES

  
	
  1152

  	
   

  	
  Loveland

  	
   

  	
  Loveland

  	
   

  	
  CO

  	
   

  	
  113

  
	
  1151

  	
   

  	
  Meadowbrook

  	
   

  	
  Pueblo

  	
   

  	
  CO

  	
   

  	
  387

  
	
  5515

  	
   

  	
  Deerpointe

  	
   

  	
  Jacksonville

  	
   

  	
  FL

  	
   

  	
  210

  
	
  5525

  	
   

  	
  Magnolia Circle

  	
   

  	
  Jacksonville

  	
   

  	
  FL

  	
   

  	
  126

  
	
  5740

  	
   

  	
  Southwind Village

  	
   

  	
  Naples

  	
   

  	
  FL

  	
   

  	
  362

  
	
  5752

  	
   

  	
  Shadow Hills

  	
   

  	
  Orlando

  	
   

  	
  FL

  	
   

  	
  665

  
	
  5722

  	
   

  	
  Golden Valley

  	
   

  	
  Douglasville

  	
   

  	
  GA

  	
   

  	
  126

  
	
  5765

  	
   

  	
  Plantation Estates

  	
   

  	
  Douglasville

  	
   

  	
  GA

  	
   

  	
  130

  
	
  5729

  	
   

  	
  Landmark Village

  	
   

  	
  Fairburn

  	
   

  	
  GA

  	
   

  	
  509

  
	
  5749

  	
   

  	
  Hunter Ridge

  	
   

  	
  Jonesboro

  	
   

  	
  GA

  	
   

  	
  850

  
	
  5754

  	
   

  	
  Woodlands of Kennesaw

  	
   

  	
  Kennesaw

  	
   

  	
  GA

  	
   

  	
  266

  
	
  5764

  	
   

  	
  Lakeside - GA

  	
   

  	
  Lithia Springs

  	
   

  	
  GA

  	
   

  	
  102

  
	
  5709

  	
   

  	
  Castlewood Estates

  	
   

  	
  Mableton

  	
   

  	
  GA

  	
   

  	
  300

  
	
  5511

  	
   

  	
  Country Club Crossing

  	
   

  	
  Altoona

  	
   

  	
  IA

  	
   

  	
  226

  
	
  5231

  	
   

  	
  Cedar Terrace

  	
   

  	
  Cedar Rapids

  	
   

  	
  IA

  	
   

  	
  234

  
	
  5232

  	
   

  	
  Five Seasons Davenport

  	
   

  	
  Davenport

  	
   

  	
  IA

  	
   

  	
  259

  
	
  5767

  	
   

  	
  Lakeside - IA

  	
   

  	
  Davenport

  	
   

  	
  IA

  	
   

  	
  123

  
	
  5234

  	
   

  	
  Silver Creek

  	
   

  	
  Davenport

  	
   

  	
  IA

  	
   

  	
  270

  
	
  5531

  	
   

  	
  Enchanted Village

  	
   

  	
  Alton

  	
   

  	
  IL

  	
   

  	
  520

  
	
  5719

  	
   

  	
  Forest Creek

  	
   

  	
  Elkhart

  	
   

  	
  IN

  	
   

  	
  167

  
	
  5228

  	
   

  	
  Highland

  	
   

  	
  Elkhart

  	
   

  	
  IN

  	
   

  	
  245

  
	
  5731

  	
   

  	
  Oak Ridge

  	
   

  	
  Elkhart

  	
   

  	
  IN

  	
   

  	
  205

  
	
  5705

  	
   

  	
  Broadmore

  	
   

  	
  Goshen

  	
   

  	
  IN

  	
   

  	
  360

  
	
  5745

  	
   

  	
  Twin Pines

  	
   

  	
  Goshen

  	
   

  	
  IN

  	
   

  	
  232

  
	
  5610

  	
   

  	
  Shawnee Hills

  	
   

  	
  Topeka

  	
   

  	
  KS

  	
   

  	
  109

  
	
  5761

  	
   

  	
  Chisholm Creek

  	
   

  	
  Wichita

  	
   

  	
  KS

  	
   

  	
  254

  
	
  1282

  	
   

  	
  Sherwood Acres

  	
   

  	
  Wichita

  	
   

  	
  KS

  	
   

  	
  110

  
	
  5746

  	
   

  	
  Villa

  	
   

  	
  Flint

  	
   

  	
  MI

  	
   

  	
  319

  
	
  5219

  	
   

  	
  Autumn Forest

  	
   

  	
  Brown Summit

  	
   

  	
  NC

  	
   

  	
  297

  
	
  5732

  	
   

  	
  Oakwood Forest

  	
   

  	
  Greensboro

  	
   

  	
  NC

  	
   

  	
  468

  

 

 S3-1
 

 

 

	
  CODE

  	
   

  	
  COMMUNITY

  	
   

  	
  CITY

  	
   

  	
  STATE

  	
   

  	
  HOMESITES

  
	
  5220

  	
   

  	
  Woodlake

  	
   

  	
  Greensboro

  	
   

  	
  NC

  	
   

  	
  306

  
	
  5712

  	
   

  	
  Columbia Heights

  	
   

  	
  Grand Forks

  	
   

  	
  ND

  	
   

  	
  302

  
	
  5736

  	
   

  	
  President’s Park

  	
   

  	
  Grand Forks

  	
   

  	
  ND

  	
   

  	
  156

  
	
  5635

  	
   

  	
  Valley Verde

  	
   

  	
  Las Cruces

  	
   

  	
  NM

  	
   

  	
  220

  
	
  5710

  	
   

  	
  Casual Estates

  	
   

  	
  Liverpool

  	
   

  	
  NY

  	
   

  	
  806

  
	
  5628

  	
   

  	
  Birch Meadows

  	
   

  	
  Wilton

  	
   

  	
  NY

  	
   

  	
  62

  
	
  5629

  	
   

  	
  Park D’Antoine

  	
   

  	
  Wilton

  	
   

  	
  NY

  	
   

  	
  17

  
	
  5714

  	
   

  	
  Crestview

  	
   

  	
  Stillwater

  	
   

  	
  OK

  	
   

  	
  237

  
	
  5802

  	
   

  	
  Chambersburg I & II

  	
   

  	
  Chambersburg

  	
   

  	
  PA

  	
   

  	
  98

  
	
  5758

  	
   

  	
  The Pines

  	
   

  	
  Ladson

  	
   

  	
  SC

  	
   

  	
  157

  
	
  5708

  	
   

  	
  Carnes Crossing

  	
   

  	
  Summerville

  	
   

  	
  SC

  	
   

  	
  602

  
	
  5759

  	
   

  	
  Shady Hills

  	
   

  	
  Nashville

  	
   

  	
  TN

  	
   

  	
  191

  
	
  5549

  	
   

  	
  Seamist

  	
   

  	
  Corpus Christi

  	
   

  	
  TX

  	
   

  	
  157

  
	
  1252

  	
   

  	
  Seascape

  	
   

  	
  Corpus Christi

  	
   

  	
  TX

  	
   

  	
  254

  
	
  5642

  	
   

  	
  Amber Village

  	
   

  	
  Dallas

  	
   

  	
  TX

  	
   

  	
  190

  
	
  5541

  	
   

  	
  Mulberry Heights

  	
   

  	
  Fort Worth

  	
   

  	
  TX

  	
   

  	
  68

  
	
  1404

  	
   

  	
  Sunset Village

  	
   

  	
  Gainesville

  	
   

  	
  TX

  	
   

  	
  108

  
	
  5625

  	
   

  	
  Quail Run

  	
   

  	
  Hutchins

  	
   

  	
  TX

  	
   

  	
  216

  
	
  5239

  	
   

  	
  Meadow Glen

  	
   

  	
  Keller

  	
   

  	
  TX

  	
   

  	
  409

  
	
  5240

  	
   

  	
  Silver Leaf

  	
   

  	
  Mansfield

  	
   

  	
  TX

  	
   

  	
  145

  
	
  1470

  	
   

  	
  Lakewood - TX

  	
   

  	
  Royse City

  	
   

  	
  TX

  	
   

  	
  226

  
	
  5621

  	
   

  	
  Bluebonnet Estates

  	
   

  	
  Temple

  	
   

  	
  TX

  	
   

  	
  174

  
	
  5641

  	
   

  	
  Terrell Crossing

  	
   

  	
  Terrell

  	
   

  	
  TX

  	
   

  	
  191

  
	
  5716

  	
   

  	
  Eagle Creek

  	
   

  	
  Tyler

  	
   

  	
  TX

  	
   

  	
  181

  
	
  1109

  	
   

  	
  Shiloh Pines

  	
   

  	
  Tyler

  	
   

  	
  TX

  	
   

  	
  299

  
	
  5814

  	
   

  	
  Willow Creek Estates

  	
   

  	
  Ogden

  	
   

  	
  UT

  	
   

  	
  137

  
	
  5768

  	
   

  	
  Evergreen Village

  	
   

  	
  Pleasant View

  	
   

  	
  UT

  	
   

  	
  237

  
	
  5817

  	
   

  	
  Overpass Point MHC

  	
   

  	
  Tooele

  	
   

  	
  UT

  	
   

  	
  179

  
	
  5815

  	
   

  	
  Kopper View MHC

  	
   

  	
  West Valley City

  	
   

  	
  UT

  	
   

  	
  61

  

 S3-2

 

 

SCHEDULE 4

Exceptions to Representations and Warranties

Section 4.1 (j) —
Financial Information. This representation relates
only to financial data provided by Borrower and does not relate to any
non-financial information provided by Borrower or its Affiliates. With respect
to those Mortgage Properties acquired from Hometown America LLC or its
affiliates (“Hometown”) in 2004, the Borrower and its Affiliates were not
responsible for the preparation of the financial information for those
properties prior to February 2004 and the Borrower does not know,
represent or warrant whether Hometown prepared this information in accordance
with GAAP.

Section 4.2 (b)— Utilities and Public
Access.

The following Properties do not have the
public utility hookups as indicated:

	
  Community

  	
   

  	
  State

  	
   

  	
  Water

  	
   

  	
  Sewer

  	
   

  	
  Other

  
	
  Lakeside

  	
   

  	
  IA

  	
   

  	
  Private

  	
   

  	
  Private

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Meadow Glen

  	
   

  	
  TX

  	
   

  	
  Package Plant- Private

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Oak Ridge

  	
   

  	
  IN

  	
   

  	
  Private

  	
   

  	
  Private

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Oak Forrest

  	
   

  	
  NC

  	
   

  	
  Private

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Plantation Estates

  	
   

  	
  GA

  	
   

  	
  Septic —Private

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Shady Hills

  	
   

  	
  FL

  	
   

  	
  Private

  	
   

  	
   

  	
   

  	
   

  
	
  (Well destroyed by hurricane — currently hooked on
  to municipal water system)

  
	
   

  
	
  Meadowbrook

  	
   

  	
  CO

  	
   

  	
  Private

  	
   

  	
   

  	
   

  	
   

  
	
  (Gas system is also private)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Shawnee Hills

  	
   

  	
  KS

  	
   

  	
  Private

  	
   

  	
   

  	
   

  	
   

  

 

Section 4.2 (q) —
Leases. The Borrower will provide homesites and office
space sufficient to allow ARC Dealership, Inc. to sell (or lease with the
option to purchase) manufactured homes at the Mortgaged Properties. ARC Housing
LLC and/or ARC Housing TX LP will also lease homesites at the Mortgaged
Properties for purposes of providing homesites for rental homes pursuant to the
Master Lease Agreements.

Section 5.1(z)(ii) —
Leases and Rents. None.

 

 S4-1

 

 

SCHEDULE 5

Addresses For Notices

If to Borrower:                                                                                                                   [insert
applicable Borrower name] 

c/o Affordable Residential Communities Inc.

7887 East Belleview Avenue

Suite 200

Englewood, CO  80111

Attn:  Karen Kinslinger

Phone:  (303) 383-7523

Facsimile:  (303) 749-3127

e-mail:  karen.kinslinger@aboutarc.com

With a copy to:                                                                                                             [insert
applicable Borrower name] 

c/o Affordable Residential Communities Inc.

7887 East Belleview Avenue

Suite 200

Englewood, CO  80111

Attn:  Scott L. Gesell

Phone:  (303) 383-7506

Facsimile:  (303) 749-2073

e-mail:  scottg@aboutarc.com

With a copy to:                                                                                                             Brownstein,
Hyatt & Farber, P.C.

410 Seventeenth Street

Twenty-Second Floor

Denver, CO  80202

Attn:  Jeff Knetsch

Phone:  (303) 223-1160

Facsimile:  (720) 987-3160

e-mail:  jknetsch@BHF-Law.com

If to Lender:                                                                                                                               Merrill
Lynch Mortgage Lending Inc.

4 World Financial Center

New York, New York  10088

Attn:  Robert Spinna

Phone:  (212) 449-4341

Facsimile:  (212) 449-7684

e-mail:  Robert_spinna@ml.com

 S5-1
 

 

 

With a copy to:                                                                                                             Dechert
LLP

One Market

Steuart Tower, Suite 2500

San Francisco, CA  94105

Attn:  David Linder, Esq.

Phone:  (415) 262-4500

Facsimile:  (415) 262-4555

e-mail:  david.linder@dechert.com

 S5-2

 

 

SCHEDULE 6

Intentionally Omitted

 S6-1

 

 

SCHEDULE 7

Organizational Chart

 

 

 S7-1

 

SCHEDULE 8

Form of
Quarterly Statement

 

 S8-1

 

Schedule 8

Form of Quarterly and YTD Operating Statement

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
   

  	
   

  	
  Period to Date

  	
   

  	
  Quarter to Date

  	
   

  	
  Year to Date

  	
   

  
	
   

  	
   

  	
  Actual-

  PTD

  	
   

  	
  Reforcast-

  PTD

  	
   

  	
  Budget-

  PTD

  	
   

  	
  PriorYear-

  PTD

  	
   

  	
  Actual-

  QTD

  	
   

  	
  Reforcast-

  QTD

  	
   

  	
  Budget-

  QTD

  	
   

  	
  PriorYear-

  QTD

  	
   

  	
  Actual-

  YTD

  	
   

  	
  Reforcast-

  YTD

  	
   

  	
  Budget-

  YTD

  	
   

  	
  PriorYear-

  YTD

  	
   

  
	
  FOREST CREEK

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Rental income—lot & other

  	
   

  	
  44,535

  	
   

  	
  34,660

  	
   

  	
  34,660

  	
   

  	
  47,227

  	
   

  	
  136,999

  	
   

  	
  103,640

  	
   

  	
  103,640

  	
   

  	
  136,126

  	
   

  	
  136,999

  	
   

  	
  103,640

  	
   

  	
  103,640

  	
   

  	
  136,126

  	
   

  
	
  Mobile home rent

  	
   

  	
  14,088

  	
   

  	
  14,620

  	
   

  	
  14,620

  	
   

  	
  6,104

  	
   

  	
  42,688

  	
   

  	
  43,520

  	
   

  	
  43,520

  	
   

  	
  17,582

  	
   

  	
  42,688

  	
   

  	
  43,520

  	
   

  	
  43,520

  	
   

  	
  17,582

  	
   

  
	
   

  	
   

  	
  58,623

  	
   

  	
  49,280

  	
   

  	
  49,280

  	
   

  	
  53,331

  	
   

  	
  179,687

  	
   

  	
  147,160

  	
   

  	
  147,160

  	
   

  	
  153,708

  	
   

  	
  179,687

  	
   

  	
  147,160

  	
   

  	
  147,160

  	
   

  	
  153,708

  	
   

  
	
  Utility income

  	
   

  	
  2,290

  	
   

  	
  3,600

  	
   

  	
  3,600

  	
   

  	
  865

  	
   

  	
  4,315

  	
   

  	
  10,800

  	
   

  	
  10,800

  	
   

  	
  2,581

  	
   

  	
  4,315

  	
   

  	
  10,800

  	
   

  	
  10,800

  	
   

  	
  2,581

  	
   

  
	
  Other income

  	
   

  	
  1,646

  	
   

  	
  1,950

  	
   

  	
  1,950

  	
   

  	
  1,917

  	
   

  	
  6,901

  	
   

  	
  5,850

  	
   

  	
  5,850

  	
   

  	
  6,814

  	
   

  	
  6,901

  	
   

  	
  5,850

  	
   

  	
  5,850

  	
   

  	
  6,814

  	
   

  
	
  Total Revenue

  	
   

  	
  62,559

  	
   

  	
  54,830

  	
   

  	
  54,830

  	
   

  	
  56,113

  	
   

  	
  190,903

  	
   

  	
  163,810

  	
   

  	
  163,810

  	
   

  	
  163,103

  	
   

  	
  190,903

  	
   

  	
  163,810

  	
   

  	
  163,810

  	
   

  	
  163,103

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Salaries and benefits

  	
   

  	
  7,348

  	
   

  	
  7,371

  	
   

  	
  7,371

  	
   

  	
  5,424

  	
   

  	
  21,516

  	
   

  	
  21,385

  	
   

  	
  21,385

  	
   

  	
  17,614

  	
   

  	
  21,516

  	
   

  	
  21,385

  	
   

  	
  21,385

  	
   

  	
  17,614

  	
   

  
	
  Advertising expense

  	
   

  	
  16

  	
   

  	
  301

  	
   

  	
  301

  	
   

  	
  200

  	
   

  	
  514

  	
   

  	
  903

  	
   

  	
  903

  	
   

  	
  200

  	
   

  	
  514

  	
   

  	
  903

  	
   

  	
  903

  	
   

  	
  200

  	
   

  
	
  Bad debt expense

  	
   

  	
  427

  	
   

  	
  300

  	
   

  	
  300

  	
   

  	
  238

  	
   

  	
  907

  	
   

  	
  900

  	
   

  	
  900

  	
   

  	
  1,153

  	
   

  	
  907

  	
   

  	
  900

  	
   

  	
  900

  	
   

  	
  1,153

  	
   

  
	
  Office supplies

  	
   

  	
  180

  	
   

  	
  256

  	
   

  	
  256

  	
   

  	
  301

  	
   

  	
  687

  	
   

  	
  767

  	
   

  	
  767

  	
   

  	
  788

  	
   

  	
  687

  	
   

  	
  767

  	
   

  	
  767

  	
   

  	
  788

  	
   

  
	
  Professional services

  	
   

  	
  0

  	
   

  	
  180

  	
   

  	
  180

  	
   

  	
  0

  	
   

  	
  253

  	
   

  	
  540

  	
   

  	
  540

  	
   

  	
  163

  	
   

  	
  253

  	
   

  	
  540

  	
   

  	
  540

  	
   

  	
  163

  	
   

  
	
  Telephone

  	
   

  	
  545

  	
   

  	
  390

  	
   

  	
  390

  	
   

  	
  459

  	
   

  	
  1,087

  	
   

  	
  1,170

  	
   

  	
  1,170

  	
   

  	
  1,143

  	
   

  	
  1,087

  	
   

  	
  1,170

  	
   

  	
  1,170

  	
   

  	
  1,143

  	
   

  
	
  Travel

  	
   

  	
  0

  	
   

  	
  60

  	
   

  	
  60

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  180

  	
   

  	
  180

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  180

  	
   

  	
  180

  	
   

  	
  0

  	
   

  
	
  Insurance

  	
   

  	
  1,246

  	
   

  	
  987

  	
   

  	
  987

  	
   

  	
  968

  	
   

  	
  3,180

  	
   

  	
  2,962

  	
   

  	
  2,962

  	
   

  	
  2,957

  	
   

  	
  3,180

  	
   

  	
  2,962

  	
   

  	
  2,962

  	
   

  	
  2,957

  	
   

  
	
  Rpairs & maintenance

  	
   

  	
  762

  	
   

  	
  1,130

  	
   

  	
  1,130

  	
   

  	
  559

  	
   

  	
  3,025

  	
   

  	
  3,390

  	
   

  	
  3,390

  	
   

  	
  5,443

  	
   

  	
  3,025

  	
   

  	
  3,390

  	
   

  	
  3,390

  	
   

  	
  5,443

  	
   

  
	
  Utilities expense

  	
   

  	
  3,435

  	
   

  	
  4,260

  	
   

  	
  4,260

  	
   

  	
  3,659

  	
   

  	
  9,825

  	
   

  	
  12,710

  	
   

  	
  12,710

  	
   

  	
  12,274

  	
   

  	
  9,825

  	
   

  	
  12,710

  	
   

  	
  12,710

  	
   

  	
  12,274

  	
   

  
	
  Other expense

  	
   

  	
  (112

  	
  )

  	
  1,008

  	
   

  	
  1,008

  	
   

  	
  16

  	
   

  	
  605

  	
   

  	
  1,488

  	
   

  	
  1,488

  	
   

  	
  681

  	
   

  	
  605

  	
   

  	
  1,488

  	
   

  	
  1,488

  	
   

  	
  681

  	
   

  
	
  Real estate taxes

  	
   

  	
  0

  	
   

  	
  5,250

  	
   

  	
  5,250

  	
   

  	
  4,195

  	
   

  	
  0

  	
   

  	
  15,750

  	
   

  	
  15,750

  	
   

  	
  12,585

  	
   

  	
  0

  	
   

  	
  15,750

  	
   

  	
  15,750

  	
   

  	
  12,585

  	
   

  
	
  Total Expenses

  	
   

  	
  13,847

  	
   

  	
  21,493

  	
   

  	
  21,493

  	
   

  	
  16,019

  	
   

  	
  41,599

  	
   

  	
  62,145

  	
   

  	
  62,145

  	
   

  	
  55,001

  	
   

  	
  41,599

  	
   

  	
  62,145

  	
   

  	
  62,145

  	
   

  	
  55,001

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Income (loss)
  from operations

  	
   

  	
  48,712

  	
   

  	
  33,337

  	
   

  	
  33,337

  	
   

  	
  40,094

  	
   

  	
  149,304

  	
   

  	
  101,665

  	
   

  	
  101,665

  	
   

  	
  108,102

  	
   

  	
  149,304

  	
   

  	
  101,665

  	
   

  	
  101,665

  	
   

  	
  108,102

  	
   

  

 

 S8-2
 

 

Schedule 8

Form of Rent Roll

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Previous

  Balance

  	
   

  	
  Rent

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Payments

  	
   

  	
  Due To

  	
   

  
	
  Forest Creek

  	
   

  	
  1

  	
   

  	
  Turney

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  16

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  376

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  2

  	
   

  	
  Mascola

  	
   

  	
  105

  	
   

  	
  (5

  	
  )

  	
  350

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  35

  	
   

  	
  355

  	
   

  	
  35

  	
   

  
	
  Forest Creek

  	
   

  	
  3

  	
   

  	
  Mascola

  	
   

  	
  105

  	
   

  	
  (36

  	
  )

  	
  350

  	
   

  	
  13

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  35

  	
   

  	
  390

  	
   

  	
  (28

  	
  )

  
	
  Forest Creek

  	
   

  	
  4

  	
   

  	
  Ball

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  5

  	
   

  	
  364

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  5

  	
   

  	
  Alexander

  	
   

  	
  155

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  20

  	
   

  	
  382

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  6

  	
   

  	
  Swartzell

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  12

  	
   

  
	
  Forest Creek

  	
   

  	
  7

  	
   

  	
  Shafer

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  16

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  376

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  8

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  9

  	
   

  	
  Kingsbury

  	
   

  	
  105

  	
   

  	
  (0

  	
  )

  	
  350

  	
   

  	
  22

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  372

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  010R

  	
   

  	
  Miller

  	
   

  	
  0

  	
   

  	
  (0

  	
  )

  	
  334

  	
   

  	
  11

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  386

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  771

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  011R

  	
   

  	
  Miller

  	
   

  	
  100

  	
   

  	
  25

  	
   

  	
  334

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  310

  	
   

  	
  0

  	
   

  	
  193

  	
   

  	
  900

  	
   

  	
  (29

  	
  )

  
	
  Forest Creek

  	
   

  	
  012R

  	
   

  	
  Llamas

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  334

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  301

  	
   

  	
  0

  	
   

  	
  187

  	
   

  	
  836

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  13

  	
   

  	
  Harroff

  	
   

  	
  344

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  362

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  14

  	
   

  	
  Darnell

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  22

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  372

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  15

  	
   

  	
  Cepeda

  	
   

  	
  439

  	
   

  	
  (2

  	
  )

  	
  350

  	
   

  	
  13

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  361

  	
   

  	
  (0

  	
  )

  
	
  Forest Creek

  	
   

  	
  16

  	
   

  	
  Hall

  	
   

  	
  434

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  45

  	
   

  	
  375

  	
   

  	
  35

  	
   

  
	
  Forest Creek

  	
   

  	
  017R

  	
   

  	
  Campos

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  18

  	
   

  	
  Shaske

  	
   

  	
  334

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  362

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  19

  	
   

  	
  Beechy

  	
   

  	
  205

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  20

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  370

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  20

  	
   

  	
  Pineda

  	
   

  	
  334

  	
   

  	
  (0

  	
  )

  	
  350

  	
   

  	
  11

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  361

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  021R

  	
   

  	
  Espejel &
  Jessica Magallan

  	
   

  	
  750

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  400

  	
   

  	
  0

  	
   

  	
  35

  	
   

  	
  800

  	
   

  	
  (3

  	
  )

  
	
  Forest Creek

  	
   

  	
  022R

  	
   

  	
  Love

  	
   

  	
  850

  	
   

  	
  (0

  	
  )

  	
  350

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  400

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  762

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  023R

  	
   

  	
  Lynch

  	
   

  	
  750

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  13

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  400

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  763

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  24

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  25

  	
   

  	
  Potts

  	
   

  	
  205

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  (101

  	
  )

  	
  256

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  26

  	
   

  	
  Leighton

  	
   

  	
  110

  	
   

  	
  (2

  	
  )

  	
  350

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  358

  	
   

  	
  (1

  	
  )

  
	
  Forest Creek

  	
   

  	
  27

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  28

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  29

  	
   

  	
  Cox

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  359

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  30

  	
   

  	
  MAURER

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  357

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  31

  	
   

  	
  Deininger

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  8

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  368

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  32

  	
   

  	
  Bates

  	
   

  	
  100

  	
   

  	
  7

  	
   

  	
  350

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  375

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  033R

  	
   

  	
  Wyatt

  	
   

  	
  600

  	
   

  	
  0

  	
   

  	
  344

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  360

  	
   

  	
  0

  	
   

  	
  103

  	
   

  	
  818

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  034R

  	
   

  	
  Fields

  	
   

  	
  900

  	
   

  	
  5

  	
   

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  775

  	
   

  	
  (6

  	
  )

  
	
  Forest Creek

  	
   

  	
  35

  	
   

  	
  CALDERON

  	
   

  	
  105

  	
   

  	
  (2

  	
  )

  	
  337

  	
   

  	
  61

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  397

  	
   

  	
  (0

  	
  )

  
	
  Forest Creek

  	
   

  	
  36

  	
   

  	
  Truex

  	
   

  	
  416

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  26

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  363

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  037R

  	
   

  	
  McClure

  	
   

  	
  750

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  30

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  690

  	
   

  	
  (10

  	
  )

  
	
  Forest Creek

  	
   

  	
  38

  	
   

  	
  WILES

  	
   

  	
  105

  	
   

  	
  (0

  	
  )

  	
  337

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  345

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  39

  	
   

  	
  MASTEN

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  344

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  40

  	
   

  	
  Collins

  	
   

  	
  155

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  346

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  41

  	
   

  	
  HAHN

  	
   

  	
  155

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  359

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  42

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  43

  	
   

  	
  Curits

  	
   

  	
  337

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  8

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  345

  	
   

  	
  0

  	
   

  

 

 S8-3
 

 

Schedule 8

Form of Rent Roll

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Previous

  Balance

  	
   

  	
  Rent

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Payments

  	
   

  	
  Due To

  	
   

  
	
  Forest Creek

  	
   

  	
  044R

  	
   

  	
  Ibarra

  	
   

  	
  650

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  662

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  045R

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  46

  	
   

  	
  WATERMAN

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  26

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  373

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  47

  	
   

  	
  Woolverton

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  344

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  48

  	
   

  	
  WINTHER

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  16

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  406

  	
   

  	
  2

  	
   

  
	
  Forest Creek

  	
   

  	
  049R

  	
   

  	
  Garner

  	
   

  	
  750

  	
   

  	
  (14

  	
  )

  	
  337

  	
   

  	
  29

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  677

  	
   

  	
  (12

  	
  )

  
	
  Forest Creek

  	
   

  	
  050R

  	
   

  	
  Alkhafaji

  	
   

  	
  650

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  11

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  661

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  51

  	
   

  	
  Dodge
  City

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  337

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  681

  	
   

  
	
  Forest Creek

  	
   

  	
  052R

  	
   

  	
  Stepp

  	
   

  	
  650

  	
   

  	
  (9

  	
  )

  	
  337

  	
   

  	
  13

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  250

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  675

  	
   

  	
  (84

  	
  )

  
	
  Forest Creek

  	
   

  	
  053R

  	
   

  	
  Harwell &
  Scott Slusher

  	
   

  	
  0

  	
   

  	
  (0

  	
  )

  	
  337

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  344

  	
   

  	
  0

  	
   

  	
  8

  	
   

  	
  700

  	
   

  	
  (1

  	
  )

  
	
  Forest Creek

  	
   

  	
  054R

  	
   

  	
  Scheretie

  	
   

  	
  650

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  665

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  55

  	
   

  	
  Weldy

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  344

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  056R

  	
   

  	
  Banter

  	
   

  	
  705

  	
   

  	
  (0

  	
  )

  	
  337

  	
   

  	
  17

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  360

  	
   

  	
  0

  	
   

  	
  63

  	
   

  	
  775

  	
   

  	
  2

  	
   

  
	
  Forest Creek

  	
   

  	
  57

  	
   

  	
  VAWTER

  	
   

  	
  155

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  (168

  	
  )

  	
  183

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  058R

  	
   

  	
  Guider

  	
   

  	
  650

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  16

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  666

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  059R

  	
   

  	
  Cuevas &
  Diana Olivencia

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  316

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  251

  	
   

  	
  0

  	
   

  	
  154

  	
   

  	
  734

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  060R

  	
   

  	
  Rabe

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  61

  	
   

  	
  Martin

  	
   

  	
  150

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  341

  	
   

  	
  (168

  	
  )

  	
  520

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  62

  	
   

  	
  RIDENOUR

  	
   

  	
  105

  	
   

  	
  (2

  	
  )

  	
  337

  	
   

  	
  24

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  360

  	
   

  	
  (0

  	
  )

  
	
  Forest Creek

  	
   

  	
  63

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  64

  	
   

  	
  YOUNG

  	
   

  	
  155

  	
   

  	
  43

  	
   

  	
  337

  	
   

  	
  28

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  (158

  	
  )

  	
  207

  	
   

  	
  43

  	
   

  
	
  Forest Creek

  	
   

  	
  65

  	
   

  	
  Salisbury

  	
   

  	
  316

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  354

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  66

  	
   

  	
  Rogers

  	
   

  	
  155

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  13

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  (103

  	
  )

  	
  247

  	
   

  	
  (0

  	
  )

  
	
  Forest Creek

  	
   

  	
  67

  	
   

  	
  HINES

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  346

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  68

  	
   

  	
  SOMMER

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  351

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  69

  	
   

  	
  EVERET

  	
   

  	
  105

  	
   

  	
  (1

  	
  )

  	
  337

  	
   

  	
  290

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  289

  	
   

  
	
  Forest Creek

  	
   

  	
  70

  	
   

  	
  WYRICK

  	
   

  	
  110

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  8

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  345

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  71

  	
   

  	
  Looney

  	
   

  	
  155

  	
   

  	
  (15

  	
  )

  	
  337

  	
   

  	
  17

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  (168

  	
  )

  	
  171

  	
   

  	
  (0

  	
  )

  
	
  Forest Creek

  	
   

  	
  072R

  	
   

  	
  Evans &
  Anderson

  	
   

  	
  650

  	
   

  	
  0

  	
   

  	
  (1,053

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  660

  	
   

  	
  0

  	
   

  	
  (80

  	
  )

  
	
  Forest Creek

  	
   

  	
  073R

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  074R

  	
   

  	
  Sharp

  	
   

  	
  650

  	
   

  	
  1

  	
   

  	
  337

  	
   

  	
  18

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  670

  	
   

  	
  9

  	
   

  
	
  Forest Creek

  	
   

  	
  75

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  76

  	
   

  	
  MELLINGER

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  344

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  077R

  	
   

  	
  Sharon

  	
   

  	
  650

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  25

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  310

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  671

  	
   

  	
  1

  	
   

  
	
  Forest Creek

  	
   

  	
  078R

  	
   

  	
  Calderon,
  Natividad Sanchez

  	
   

  	
  600

  	
   

  	
  0

  	
   

  	
  319

  	
   

  	
  34

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  414

  	
   

  	
  0

  	
   

  	
  33

  	
   

  	
  801

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  79

  	
   

  	
  MCCASTER

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  349

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  80

  	
   

  	
  IVORY

  	
   

  	
  105

  	
   

  	
  360

  	
   

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  322

  	
   

  	
  35

  	
   

  	
  663

  	
   

  	
  404

  	
   

  
	
  Forest Creek

  	
   

  	
  81

  	
   

  	
  SINTON

  	
   

  	
  105

  	
   

  	
  4

  	
   

  	
  337

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  349

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  82

  	
   

  	
  Hardison

  	
   

  	
  110

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  29

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  376

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  83

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  84

  	
   

  	
  Worsham

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  65

  	
   

  	
  414

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  85

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  86

  	
   

  	
  WARD

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  13

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  0

  	
   

  

 

 S8-4
 

 

Schedule 8

Form of Rent Roll

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Previous

  Balance

  	
   

  	
  Rent

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Payments

  	
   

  	
  Due To

  	
   

  
	
  Forest Creek

  	
   

  	
  87

  	
   

  	
  Rice

  	
   

  	
  400

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  36

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  60

  	
   

  	
  433

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  88

  	
   

  	
  Utt

  	
   

  	
  319

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  351

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  89

  	
   

  	
  CLEVELAND

  	
   

  	
  105

  	
   

  	
  (0

  	
  )

  	
  337

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  (6

  	
  )

  
	
  Forest Creek

  	
   

  	
  90

  	
   

  	
  Rodriquez

  	
   

  	
  324

  	
   

  	
  (1

  	
  )

  	
  337

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  351

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  091R

  	
   

  	
  Kerby

  	
   

  	
  1,000

  	
   

  	
  786

  	
   

  	
  350

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  400

  	
   

  	
  0

  	
   

  	
  998

  	
   

  	
  2,000

  	
   

  	
  546

  	
   

  
	
  Forest Creek

  	
   

  	
  92

  	
   

  	
  Rogers

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  346

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  93

  	
   

  	
  Valleau

  	
   

  	
  155

  	
   

  	
  (605

  	
  )

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  (168

  	
  )

  	
  0

  	
   

  	
  (422

  	
  )

  
	
  Forest Creek

  	
   

  	
  094R

  	
   

  	
  Walters

  	
   

  	
  750

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  757

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  95

  	
   

  	
  RUBLE

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  347

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  096R

  	
   

  	
  Null,
  Rebecca Ride

  	
   

  	
  600

  	
   

  	
  0

  	
   

  	
  319

  	
   

  	
  8

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  403

  	
   

  	
  0

  	
   

  	
  5

  	
   

  	
  736

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  097R

  	
   

  	
  Moore

  	
   

  	
  850

  	
   

  	
  (0

  	
  )

  	
  337

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  754

  	
   

  	
  8

  	
   

  
	
  Forest Creek

  	
   

  	
  98

  	
   

  	
  MCCALLISTER

  	
   

  	
  110

  	
   

  	
  (3

  	
  )

  	
  337

  	
   

  	
  16

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  361

  	
   

  	
  (1

  	
  )

  
	
  Forest Creek

  	
   

  	
  99

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  100

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  101

  	
   

  	
  Sanchez

  	
   

  	
  319

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  351

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  102

  	
   

  	
  Ziegert

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  347

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  103

  	
   

  	
  POWERS

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  349

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  104

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  105R

  	
   

  	
  Gill

  	
   

  	
  600

  	
   

  	
  (2

  	
  )

  	
  319

  	
   

  	
  22

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  0

  	
   

  	
  112

  	
   

  	
  801

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  106

  	
   

  	
  HOOVER

  	
   

  	
  105

  	
   

  	
  (39

  	
  )

  	
  337

  	
   

  	
  23

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  65

  	
   

  	
  410

  	
   

  	
  (24

  	
  )

  
	
  Forest Creek

  	
   

  	
  107R

  	
   

  	
  GreenTree
  Finance Servicing Corp.

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  (337

  	
  )

  	
  0

  	
   

  	
  7

  	
   

  
	
  Forest Creek

  	
   

  	
  108

  	
   

  	
  HOLLAND

  	
   

  	
  110

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  20

  	
   

  	
  366

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  109

  	
   

  	
  BAUGHER

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  28

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  375

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  110R

  	
   

  	
  Gonzales

  	
   

  	
  100

  	
   

  	
  (0

  	
  )

  	
  319

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  278

  	
   

  	
  0

  	
   

  	
  206

  	
   

  	
  777

  	
   

  	
  35

  	
   

  
	
  Forest Creek

  	
   

  	
  111R

  	
   

  	
  Jones

  	
   

  	
  705

  	
   

  	
  (5

  	
  )

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  363

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  710

  	
   

  	
  (1

  	
  )

  
	
  Forest Creek

  	
   

  	
  112

  	
   

  	
  Yeager

  	
   

  	
  337

  	
   

  	
  (13

  	
  )

  	
  337

  	
   

  	
  11

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  335

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  113

  	
   

  	
  Fraga
  & Jose Lopez

  	
   

  	
  344

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  33

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  383

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  114

  	
   

  	
  COLPITTS

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  357

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  115

  	
   

  	
  BIRR

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  5

  	
   

  	
  354

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  116

  	
   

  	
  WISE

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  8

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  345

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  117

  	
   

  	
  STOVER

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  17

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  354

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  118

  	
   

  	
  Kline

  	
   

  	
  105

  	
   

  	
  (0

  	
  )

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  351

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  119

  	
   

  	
  RADLOFF

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  361

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  120

  	
   

  	
  Shaw

  	
   

  	
  105

  	
   

  	
  (0

  	
  )

  	
  337

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  352

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  121

  	
   

  	
  Davila

  	
   

  	
  155

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  352

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  122

  	
   

  	
  Powell

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  349

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  123

  	
   

  	
  Duran,
  Maria Carrillo

  	
   

  	
  316

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  17

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  354

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  124R

  	
   

  	
  Holmes &
  Bartiscia Holmes

  	
   

  	
  650

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  13

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  718

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  125R

  	
   

  	
  Papoi

  	
   

  	
  650

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  659

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  126

  	
   

  	
  Yoder

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  349

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  127

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  128

  	
   

  	
  BONDS

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  372

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  129

  	
   

  	
  EMELANDER

  	
   

  	
  105

  	
   

  	
  (5

  	
  )

  	
  337

  	
   

  	
  17

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  (1

  	
  )

  

 

 S8-5
 

 

Schedule 8

Form of Rent Roll

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Previous

  Balance

  	
   

  	
  Rent

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Payments

  	
   

  	
  Due To

  	
   

  
	
  Forest Creek

  	
   

  	
  130

  	
   

  	
  BURGESS

  	
   

  	
  155

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  28

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  (148

  	
  )

  	
  217

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  131

  	
   

  	
  CAMERON

  	
   

  	
  155

  	
   

  	
  (0

  	
  )

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  (158

  	
  )

  	
  193

  	
   

  	
  (0

  	
  )

  
	
  Forest Creek

  	
   

  	
  132

  	
   

  	
  Shaw

  	
   

  	
  105

  	
   

  	
  (4

  	
  )

  	
  337

  	
   

  	
  16

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  359

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  133

  	
   

  	
  WYNN

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  361

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  134

  	
   

  	
  MANN

  	
   

  	
  155

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  362

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  135R

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  136R

  	
   

  	
  Kramer

  	
   

  	
  750

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  8

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  758

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  137R

  	
   

  	
  Romero,
  Maria Morgan

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  319

  	
   

  	
  20

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  217

  	
   

  	
  0

  	
   

  	
  131

  	
   

  	
  686

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  138

  	
   

  	
  Parot

  	
   

  	
  337

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  674

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  139

  	
   

  	
  BARRIGA

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  21

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  358

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  140

  	
   

  	
  Bridwell

  	
   

  	
  319

  	
   

  	
  426

  	
   

  	
  337

  	
   

  	
  8

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  35

  	
   

  	
  1,107

  	
   

  	
  (301

  	
  )

  
	
  Forest Creek

  	
   

  	
  141R

  	
   

  	
  Garcia

  	
   

  	
  850

  	
   

  	
  120

  	
   

  	
  337

  	
   

  	
  8

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  45

  	
   

  	
  922

  	
   

  	
  1

  	
   

  
	
  Forest Creek

  	
   

  	
  142R

  	
   

  	
  Pratcher

  	
   

  	
  750

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  20

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  431

  	
   

  	
  0

  	
   

  	
  35

  	
   

  	
  677

  	
   

  	
  146

  	
   

  
	
  Forest Creek

  	
   

  	
  143

  	
   

  	
  Waymire

  	
   

  	
  155

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  (171

  	
  )

  	
  191

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  144

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  145R

  	
   

  	
  Moreno

  	
   

  	
  600

  	
   

  	
  (1

  	
  )

  	
  319

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  382

  	
   

  	
  0

  	
   

  	
  48

  	
   

  	
  760

  	
   

  	
  (0

  	
  )

  
	
  Forest Creek

  	
   

  	
  146

  	
   

  	
  Middlestadt

  	
   

  	
  319

  	
   

  	
  (10

  	
  )

  	
  337

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  147

  	
   

  	
  Sanchez

  	
   

  	
  319

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  22

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  369

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  148

  	
   

  	
  Locke

  	
   

  	
  219

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  18

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  355

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  149

  	
   

  	
  SNYDER

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  346

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  150R

  	
   

  	
  Baer

  	
   

  	
  750

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  27

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  777

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  151

  	
   

  	
  Vazquez
  & Melissa Moreno

  	
   

  	
  272

  	
   

  	
  0

  	
   

  	
  402

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  272

  	
   

  	
  725

  	
   

  	
  (40

  	
  )

  
	
  Forest Creek

  	
   

  	
  152

  	
   

  	
  Buford

  	
   

  	
  344

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  357

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  153

  	
   

  	
  Richardson

  	
   

  	
  374

  	
   

  	
  (0

  	
  )

  	
  337

  	
   

  	
  18

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  355

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  154

  	
   

  	
  RESENDEZ

  	
   

  	
  155

  	
   

  	
  (14

  	
  )

  	
  337

  	
   

  	
  11

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  (168

  	
  )

  	
  166

  	
   

  	
  (0

  	
  )

  
	
  Forest Creek

  	
   

  	
  155

  	
   

  	
  Wallin

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  38

  	
   

  	
  387

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  156R

  	
   

  	
  Smith

  	
   

  	
  300

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  17

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  192

  	
   

  	
  0

  	
   

  	
  186

  	
   

  	
  732

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  157R

  	
   

  	
  Gatlin

  	
   

  	
  850

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  21

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  771

  	
   

  	
  (0

  	
  )

  
	
  Forest Creek

  	
   

  	
  158

  	
   

  	
  Stevens

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  79

  	
   

  	
  (398

  	
  )

  	
  823

  	
   

  
	
  Forest Creek

  	
   

  	
  159

  	
   

  	
  Reyes,
  Manuel

  	
   

  	
  324

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  25

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  362

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  160

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  161

  	
   

  	
  Evans

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  17

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  354

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  162

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  163

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  164

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  165R

  	
   

  	
  Hines

  	
   

  	
  750

  	
   

  	
  (23

  	
  )

  	
  337

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  764

  	
   

  	
  (26

  	
  )

  
	
  Forest Creek

  	
   

  	
  166

  	
   

  	
  Brough

  	
   

  	
  319

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  357

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  167

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S100

  	
   

  	
  Forest
  Creek

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S101

  	
   

  	
  Forest
  Creek

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S102

  	
   

  	
  Forest
  Creek

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S103

  	
   

  	
  Forest
  Creek

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S104

  	
   

  	
  Forest Creek

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  

 

 S8-6
 

 

Schedule 8

Form of Rent Roll

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Previous

  Balance

  	
   

  	
  Rent

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Payments

  	
   

  	
  Due To

  	
   

  
	
  Forest Creek

  	
   

  	
  S105

  	
   

  	
  Forest
  Creek

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S106

  	
   

  	
  Martin

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S107

  	
   

  	
  Parish

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S108

  	
   

  	
  Crockett

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  40

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S109

  	
   

  	
  Gonzales

  	
   

  	
  0

  	
   

  	
  120

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  0

  	
   

  	
  160

  	
   

  
	
  Forest Creek

  	
   

  	
  S110

  	
   

  	
  Kashishian

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  40

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S111

  	
   

  	
  Molina

  	
   

  	
  0

  	
   

  	
  60

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  60

  	
   

  	
  0

  	
   

  	
  120

  	
   

  
	
  Forest Creek

  	
   

  	
  S112

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S113

  	
   

  	
  Walters

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  56

  	
   

  	
  (1

  	
  )

  
	
  Forest Creek

  	
   

  	
  S114

  	
   

  	
  Miller

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S115

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S116

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S117

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S118

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S119

  	
   

  	
  Jackson

  	
   

  	
  0

  	
   

  	
  315

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  325

  	
   

  	
  45

  	
   

  
	
  Forest Creek

  	
   

  	
  S120

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S121

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S122

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S123

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S124

  	
   

  	
  Yoder

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S125

  	
   

  	
  Ivory

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S126

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S127

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S128

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S129

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S130

  	
   

  	
  Avila

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S131

  	
   

  	
  Mccreary

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  0

  	
   

  	
  110

  	
   

  
	
  Forest Creek

  	
   

  	
  S132

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S133

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S134

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S135

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S136

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S137

  	
   

  	
  Wilkins

  	
   

  	
  0

  	
   

  	
  75

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  150

  	
   

  	
  (20

  	
  )

  
	
  Forest Creek

  	
   

  	
  S138

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S139

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S140

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S141

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S142

  	
   

  	
  Moreno

  	
   

  	
  0

  	
   

  	
  75

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  75

  	
   

  	
  55

  	
   

  
	
  Forest Creek

  	
   

  	
  S143

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S144

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S145

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S146

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S147

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  

 

 S8-7
 

 

Schedule 8

Form of Rent Roll

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Previous

  Balance

  	
   

  	
  Rent

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Payments

  	
   

  	
  Due To

  	
   

  
	
  Forest Creek

  	
   

  	
  S148

  	
   

  	
  Hartman

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  0

  	
   

  	
  5

  	
   

  
	
  Forest Creek

  	
   

  	
  S149

  	
   

  	
  Terrance

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S150

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S151

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S152

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S153

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S154

  	
   

  	
  Plank

  	
   

  	
  0

  	
   

  	
  (115

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  135

  	
   

  	
  155

  	
   

  	
  (135

  	
  )

  
	
  Forest Creek

  	
   

  	
  S155

  	
   

  	
  Gable

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S156

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S157

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S158

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S159

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S160

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S161

  	
   

  	
  Baskin
  II

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S162

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S163

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S164

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S165

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S166

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S167

  	
   

  	
  Wagner

  	
   

  	
  0

  	
   

  	
  (165

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  0

  	
   

  	
  (110

  	
  )

  
	
  Forest Creek

  	
   

  	
  S168

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S169

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S170

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S171

  	
   

  	
  Lopez

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  40

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S172

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S173

  	
   

  	
  Vida

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S174

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S175

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S176

  	
   

  	
  Derrick

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S177

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S178

  	
   

  	
  Stevens

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S179

  	
   

  	
  Harrington

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S180

  	
   

  	
  Faux

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S181

  	
   

  	
  Gallay

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  81

  	
   

  	
  (1

  	
  )

  
	
  Forest Creek

  	
   

  	
  S182

  	
   

  	
  Snider

  	
   

  	
  0

  	
   

  	
  200

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  0

  	
   

  	
  280

  	
   

  
	
  Forest Creek

  	
   

  	
  S183

  	
   

  	
  Potts

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S200

  	
   

  	
  Maciulski

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S201

  	
   

  	
  Yoder

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S202

  	
   

  	
  Miller

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S203

  	
   

  	
  Rajpari

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S204

  	
   

  	
  Piper

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S205

  	
   

  	
  Maloney

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S206

  	
   

  	
  Burns

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  

 

 S8-8
 

 

Schedule 8

Form of Rent Roll

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Previous

  Balance

  	
   

  	
  Rent

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Payments

  	
   

  	
  Due To

  	
   

  
	
  Forest Creek

  	
   

  	
  S207

  	
   

  	
  Miner

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S208

  	
   

  	
  Holliday

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S209

  	
   

  	
  LaClair

  	
   

  	
  0

  	
   

  	
  140

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  140

  	
   

  	
  70

  	
   

  
	
  Forest Creek

  	
   

  	
  S210

  	
   

  	
  Mihalache

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S211

  	
   

  	
  Heckaman

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S212

  	
   

  	
  Gross

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  90

  	
   

  	
  30

  	
   

  	
  60

  	
   

  
	
  Forest Creek

  	
   

  	
  S213

  	
   

  	
  Safrit

  	
   

  	
  0

  	
   

  	
  90

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  90

  	
   

  	
  90

  	
   

  	
  90

  	
   

  
	
  Forest Creek

  	
   

  	
  S214

  	
   

  	
  Wise

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  90

  	
   

  	
  0

  	
   

  	
  90

  	
   

  
	
  Forest Creek

  	
   

  	
  S215

  	
   

  	
  Blake

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  0

  	
   

  	
  70

  	
   

  
	
  Forest Creek

  	
   

  	
  S216

  	
   

  	
  RiverPoint

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S217

  	
   

  	
  Colpitts

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  (70

  	
  )

  
	
  Forest Creek

  	
   

  	
  S218

  	
   

  	
  Reed

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  75

  	
   

  	
  55

  	
   

  	
  20

  	
   

  
	
  Forest Creek

  	
   

  	
  S219

  	
   

  	
  Rhodes

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S220

  	
   

  	
  Wilson

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S221

  	
   

  	
  Paul

  	
   

  	
  0

  	
   

  	
  60

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  75

  	
   

  	
  135

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S222

  	
   

  	
  Lartin

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S223

  	
   

  	
  Stark

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  95

  	
   

  	
  95

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S224

  	
   

  	
  Current

  	
   

  	
  0

  	
   

  	
  (55

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S225

  	
   

  	
  Valleau

  	
   

  	
  0

  	
   

  	
  (105

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  0

  	
   

  	
  (50

  	
  )

  
	
  Forest Creek

  	
   

  	
  S226

  	
   

  	
  Taylor

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S227

  	
   

  	
  Scott

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S228

  	
   

  	
  Canen

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S229

  	
   

  	
  Sarver/Tracie
  Spry

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  76

  	
   

  	
  55

  	
   

  	
  21

  	
   

  
	
  Forest Creek

  	
   

  	
  S230

  	
   

  	
  Hoff

  	
   

  	
  0

  	
   

  	
  (111

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  (111

  	
  )

  
	
  Forest Creek

  	
   

  	
  S231

  	
   

  	
  Broussard

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  60

  	
   

  	
  (5

  	
  )

  
	
  Forest Creek

  	
   

  	
  S232

  	
   

  	
  Kauffman

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  110

  	
   

  	
  (10

  	
  )

  
	
  Forest Creek

  	
   

  	
  S233

  	
   

  	
  Grove

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  100

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S234

  	
   

  	
  Miltroka

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  100

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S235

  	
   

  	
  Sheppard

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  100

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S236

  	
   

  	
  McGuire

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  41

  	
   

  	
  41

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S237

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S238

  	
   

  	
  Raney

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S239

  	
   

  	
  Sheppard

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S240

  	
   

  	
  Miltroka

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S241

  	
   

  	
  Grove

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S242

  	
   

  	
  Kauffman

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S243

  	
   

  	
  Smith

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S244

  	
   

  	
  Slabaugh

  	
   

  	
  0

  	
   

  	
  (64

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  64

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S245

  	
   

  	
  Plank

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S246

  	
   

  	
  Luckenbill

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S247

  	
   

  	
  Hickman

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S248

  	
   

  	
  Donaldson

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S249

  	
   

  	
  Hempel

  	
   

  	
  0

  	
   

  	
  35

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  135

  	
   

  

 

 S8-9
 

 

Schedule 8

Form of Rent Roll

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Previous

  Balance

  	
   

  	
  Rent

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Payments

  	
   

  	
  Due To

  	
   

  
	
  Forest Creek

  	
   

  	
  S250

  	
   

  	
  Hahn

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S251

  	
   

  	
  Davis

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S252

  	
   

  	
  Mayes

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  64

  	
   

  	
  64

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S253

  	
   

  	
  Ottman

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S254

  	
   

  	
  Dunlap
  Dental

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S255

  	
   

  	
  Marcin

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  115

  	
   

  	
  80

  	
   

  	
  35

  	
   

  
	
  Forest Creek

  	
   

  	
  S256

  	
   

  	
  Adkins

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  100

  	
   

  
	
  Forest Creek

  	
   

  	
  S257

  	
   

  	
  Forest
  Creek

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S258

  	
   

  	
  Forest
  Creek

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S259

  	
   

  	
  Ha

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S260

  	
   

  	
  Hickman

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S261

  	
   

  	
  HeartCity
  Health

  	
   

  	
  0

  	
   

  	
  58

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  58

  	
   

  	
  58

  	
   

  	
  58

  	
   

  
	
  Forest Creek

  	
   

  	
  S262

  	
   

  	
  Stevens

  	
   

  	
  0

  	
   

  	
  (30

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  150

  	
   

  	
  (110

  	
  )

  
	
  Forest Creek

  	
   

  	
  S263

  	
   

  	
  Ambrose

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S264

  	
   

  	
  Hossier
  Catering

  	
   

  	
  0

  	
   

  	
  140

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  0

  	
   

  	
  210

  	
   

  
	
  Forest Creek

  	
   

  	
  S265

  	
   

  	
  Cachiguango

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S265

  	
   

  	
  Prahl

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S266

  	
   

  	
  Lenezyeki

  	
   

  	
  0

  	
   

  	
  90

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  90

  	
   

  	
  100

  	
   

  	
  80

  	
   

  
	
  Forest Creek

  	
   

  	
  S267

  	
   

  	
  Roberson

  	
   

  	
  0

  	
   

  	
  340

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  440

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S268

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S269

  	
   

  	
  Treadway

  	
   

  	
  0

  	
   

  	
  (20

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  90

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S270

  	
   

  	
  Turney

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S271

  	
   

  	
  Hestor

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S272

  	
   

  	
  Olaeson

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S273

  	
   

  	
  Reinbach

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  170

  	
   

  	
  0

  	
   

  	
  170

  	
   

  
	
  Forest Creek

  	
   

  	
  S274

  	
   

  	
  Pope

  	
   

  	
  0

  	
   

  	
  90

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  90

  	
   

  	
  0

  	
   

  	
  180

  	
   

  
	
  Forest Creek

  	
   

  	
  S300

  	
   

  	
  Stewart

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S301

  	
   

  	
  Carriage
  House

  	
   

  	
  0

  	
   

  	
  160

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  160

  	
   

  	
  160

  	
   

  	
  160

  	
   

  
	
  Forest Creek

  	
   

  	
  S302

  	
   

  	
  Sledge

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S303

  	
   

  	
  Rickey

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S304

  	
   

  	
  Raney

  	
   

  	
  0

  	
   

  	
  (45

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  170

  	
   

  	
  170

  	
   

  	
  (45

  	
  )

  
	
  Forest Creek

  	
   

  	
  S305

  	
   

  	
  Sweazy

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S306

  	
   

  	
  Brower

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S307

  	
   

  	
  Gross

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  88

  	
   

  	
  136

  	
   

  	
  (48

  	
  )

  
	
  Forest Creek

  	
   

  	
  S308

  	
   

  	
  Hasse

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S309

  	
   

  	
  Carriage
  House

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S310

  	
   

  	
  McGuire

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  100

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S311

  	
   

  	
  Kidd

  	
   

  	
  0

  	
   

  	
  (600

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  (500

  	
  )

  
	
  Forest Creek

  	
   

  	
  S312

  	
   

  	
  Broadmore

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S313

  	
   

  	
  Gresso

  	
   

  	
  0

  	
   

  	
  (10

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  (10

  	
  )

  
	
  Forest Creek

  	
   

  	
  S314

  	
   

  	
  Stilley

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  45

  	
   

  	
  60

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S315

  	
   

  	
  Longbrake

  	
   

  	
  0

  	
   

  	
  (160

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  0

  	
   

  	
  (80

  	
  )

  
	
  Forest Creek

  	
   

  	
  S316

  	
   

  	
  Hooiser Catering

  	
   

  	
  0

  	
   

  	
  160

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  0

  	
   

  	
  240

  	
   

  

 

 S8-10
 

 

Schedule 8

Form of Rent Roll

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Previous

  Balance

  	
   

  	
  Rent

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Payments

  	
   

  	
  Due To

  	
   

  
	
  Forest Creek

  	
   

  	
  S317

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S318

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S319

  	
   

  	
  DeGraffreed

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  64

  	
   

  	
  79

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S320

  	
   

  	
  Trigg

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S321

  	
   

  	
  Gay

  	
   

  	
  0

  	
   

  	
  180

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  125

  	
   

  	
  215

  	
   

  	
  90

  	
   

  
	
  Forest Creek

  	
   

  	
  S322

  	
   

  	
  Cook

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  50

  	
   

  	
  130

  	
   

  
	
  Forest Creek

  	
   

  	
  S323

  	
   

  	
  Ballowe

  	
   

  	
  0

  	
   

  	
  5

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  90

  	
   

  	
  0

  	
   

  	
  95

  	
   

  
	
  Forest Creek

  	
   

  	
  S324

  	
   

  	
  Brown

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  85

  	
   

  	
  85

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S325

  	
   

  	
  Gerri

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S326

  	
   

  	
  Evans

  	
   

  	
  0

  	
   

  	
  (80

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  (80

  	
  )

  
	
  Forest Creek

  	
   

  	
  S327

  	
   

  	
  Pianowski

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S328

  	
   

  	
  Hamrick

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  80

  	
   

  	
  20

  	
   

  
	
  Forest Creek

  	
   

  	
  S329

  	
   

  	
  Kline
  III

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S330

  	
   

  	
  Anderson
  III

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  118

  	
   

  	
  133

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S331

  	
   

  	
  Rodino

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S332

  	
   

  	
  Potts

  	
   

  	
  0

  	
   

  	
  (20

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  80

  	
   

  
	
  Forest Creek

  	
   

  	
  S333

  	
   

  	
  Lewis

  	
   

  	
  0

  	
   

  	
  370

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  390

  	
   

  	
  80

  	
   

  
	
  Forest Creek

  	
   

  	
  S334

  	
   

  	
  Aguirre

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  56

  	
   

  	
  136

  	
   

  	
  (80

  	
  )

  
	
  Forest Creek

  	
   

  	
  S334

  	
   

  	
  Forest
  Creek

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S335

  	
   

  	
  Gunden

  	
   

  	
  0

  	
   

  	
  180

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  280

  	
   

  	
  (20

  	
  )

  
	
  Forest Creek

  	
   

  	
  S336

  	
   

  	
  Hector
  Gonzalez

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S337

  	
   

  	
  Magner

  	
   

  	
  0

  	
   

  	
  (90

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  0

  	
   

  	
  (50

  	
  )

  
	
  Forest Creek

  	
   

  	
  S338

  	
   

  	
  Bradt

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  160

  	
   

  	
  (80

  	
  )

  
	
  Forest Creek

  	
   

  	
  S339

  	
   

  	
  Becraft

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  0

  	
   

  	
  40

  	
   

  
	
  Forest Creek

  	
   

  	
  S340

  	
   

  	
  Saunders

  	
   

  	
  0

  	
   

  	
  (15

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  40

  	
   

  	
  (15

  	
  )

  
	
  Forest Creek

  	
   

  	
  S341

  	
   

  	
  Stover

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  40

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S342

  	
   

  	
  Jarman

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  46

  	
   

  	
  61

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S343

  	
   

  	
  Worsham

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S344

  	
   

  	
  Elbert

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S345

  	
   

  	
  Holmes

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S346

  	
   

  	
  Kimbrough

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  75

  	
   

  	
  0

  	
   

  	
  75

  	
   

  
	
  Forest Creek

  	
   

  	
  S347

  	
   

  	
  Valenzuela

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  87

  	
   

  	
  12

  	
   

  	
  75

  	
   

  
	
  Forest Creek

  	
   

  	
  S348

  	
   

  	
  Bourdon

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  110

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S349

  	
   

  	
  Knapp

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  75

  	
   

  	
  55

  	
   

  	
  20

  	
   

  
	
  Forest Creek

  	
   

  	
  S350

  	
   

  	
  Brubaker

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S351

  	
   

  	
  Slevens

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S352

  	
   

  	
  Winqurst

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S353

  	
   

  	
  Carris

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S354

  	
   

  	
  Fleming

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  37

  	
   

  	
  92

  	
   

  	
  (55

  	
  )

  
	
  Forest Creek

  	
   

  	
  S355

  	
   

  	
  Smith

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  10

  	
   

  
	
  Forest Creek

  	
   

  	
  S356

  	
   

  	
  Fletcher

  	
   

  	
  0

  	
   

  	
  20

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  20

  	
   

  
	
  Forest Creek

  	
   

  	
  S357

  	
   

  	
  Devora

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S358

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  

 

 S8-11
 

 

Schedule 8

Form of Rent Roll

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Previous

  Balance

  	
   

  	
  Rent

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Payments

  	
   

  	
  Due To

  	
   

  
	
  Forest Creek

  	
   

  	
  S359

  	
   

  	
  Bryson

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  35

  	
   

  	
  50

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S360

  	
   

  	
  Wilson

  	
   

  	
  0

  	
   

  	
  181

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  181

  	
   

  
	
  Forest Creek

  	
   

  	
  S361

  	
   

  	
  Mauck

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  0

  	
   

  	
  55

  	
   

  
	
  Forest Creek

  	
   

  	
  S362

  	
   

  	
  Hirst

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S363

  	
   

  	
  Clement

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S364

  	
   

  	
  Haynes

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S365

  	
   

  	
  Rogers

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S366

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S367

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S368

  	
   

  	
  Haynes

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  110

  	
   

  	
  110

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S369

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S370

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S371

  	
   

  	
  Harris

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  75

  	
   

  	
  75

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S372

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S373

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S374

  	
   

  	
  Booth
  JR

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S375

  	
   

  	
  Raney

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S376

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S377

  	
   

  	
  Barker

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  64

  	
   

  	
  68

  	
   

  	
  (4

  	
  )

  
	
  Forest Creek

  	
   

  	
  S378

  	
   

  	
  Emerick

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  80

  	
   

  	
  40

  	
   

  
	
  Forest Creek

  	
   

  	
  S379

  	
   

  	
  Dinger

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  40

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S380

  	
   

  	
  Cunningham

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  63

  	
   

  	
  76

  	
   

  	
  2

  	
   

  
	
  Forest Creek

  	
   

  	
  S381

  	
   

  	
  Zamudio

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  40

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S382

  	
   

  	
  Bare

  	
   

  	
  0

  	
   

  	
  (440

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  0

  	
   

  	
  (400

  	
  )

  
	
  Forest Creek

  	
   

  	
  S400

  	
   

  	
  Brodhead

  	
   

  	
  0

  	
   

  	
  (195

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  40

  	
   

  	
  (195

  	
  )

  
	
  Forest Creek

  	
   

  	
  S401

  	
   

  	
  Larkin

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  40

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S402

  	
   

  	
  Strong

  	
   

  	
  0

  	
   

  	
  135

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  0

  	
   

  	
  175

  	
   

  
	
  Forest Creek

  	
   

  	
  S403

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S404

  	
   

  	
  Ferrebee

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  40

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S405

  	
   

  	
  Gunts

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S406

  	
   

  	
  Lewis

  	
   

  	
  0

  	
   

  	
  474

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  474

  	
   

  	
  100

  	
   

  
	
  Forest Creek

  	
   

  	
  S407

  	
   

  	
  Alley
  oops

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S408

  	
   

  	
  Alley
  Oops Diner

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  200

  	
   

  	
  200

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S409

  	
   

  	
  Forest
  Creek

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S410

  	
   

  	
  Forest
  Creek

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S411

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S412

  	
   

  	
  Hollingsworth, Sr.

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S413

  	
   

  	
  Davidhizar

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  100

  	
   

  
	
  Forest Creek

  	
   

  	
  S414

  	
   

  	
  Felder

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  130

  	
   

  	
  130

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S415

  	
   

  	
  felder

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S416

  	
   

  	
  Null

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S417

  	
   

  	
  Payton

  	
   

  	
  0

  	
   

  	
  (80

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  20

  	
   

  
	
  Forest Creek

  	
   

  	
  S418

  	
   

  	
  Yeater

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  100

  	
   

  	
  0

  	
   

  

 

 S8-12
 

 

Schedule 8

Form of Rent Roll

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Previous

  Balance

  	
   

  	
  Rent

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Payments

  	
   

  	
  Due To

  	
   

  
	
  Forest Creek

  	
   

  	
  S419

  	
   

  	
  Davidhizer

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  100

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S420

  	
   

  	
  Brown

  	
   

  	
  0

  	
   

  	
  (220

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  (120

  	
  )

  
	
  Forest Creek

  	
   

  	
  S421

  	
   

  	
  Moody

  	
   

  	
  0

  	
   

  	
  (238

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  94

  	
   

  	
  0

  	
   

  	
  (144

  	
  )

  
	
  Forest Creek

  	
   

  	
  S422

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S423

  	
   

  	
  Reinbach

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S424

  	
   

  	
  Evans

  	
   

  	
  0

  	
   

  	
  (500

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  (400

  	
  )

  
	
  Forest Creek

  	
   

  	
  S425

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S426

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S427

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S428

  	
   

  	
  Davis

  	
   

  	
  0

  	
   

  	
  20

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  120

  	
   

  
	
  Forest Creek

  	
   

  	
  S429

  	
   

  	
  Nelson

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  100

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S430

  	
   

  	
  Taylor

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  120

  	
   

  	
  0

  	
   

  	
  120

  	
   

  
	
  Forest Creek

  	
   

  	
  S431

  	
   

  	
  Gunts

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  140

  	
   

  	
  140

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S432

  	
   

  	
  Calhoun

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  100

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S433

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S434

  	
   

  	
  Hostetler

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  100

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S435

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S436

  	
   

  	
  Diebold
  Incorporated

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  1,200

  	
   

  	
  (1,200

  	
  )

  
	
  Forest Creek

  	
   

  	
  S437

  	
   

  	
  Frick

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  67

  	
   

  	
  82

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S438

  	
   

  	
  Ulrich

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  100

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S439

  	
   

  	
  Wallin

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S440

  	
   

  	
  Haines

  	
   

  	
  0

  	
   

  	
  35

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  75

  	
   

  	
  55

  	
   

  	
  55

  	
   

  
	
  Forest Creek

  	
   

  	
  S441

  	
   

  	
  Haines

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S442

  	
   

  	
  Mohammedain

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  16

  	
   

  	
  56

  	
   

  	
  (25

  	
  )

  
	
  Forest Creek

  	
   

  	
  S443

  	
   

  	
  Fordyce

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  49

  	
   

  	
  65

  	
   

  	
  (1

  	
  )

  
	
  Forest Creek

  	
   

  	
  S444

  	
   

  	
  Alston

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  60

  	
   

  	
  0

  	
   

  	
  100

  	
   

  

 

 S8-13
 

 

Schedule 8

Form of Capital Improvements

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  2005

  
	
  Community

  	
   

  	
   

  	
   

  	
  CapEx
  Type

  	
   

  	
  CapEx
  Detail

  	
   

  	
  Q1

  	
   

  	
  Q2

  	
   

  	
  Q3

  	
   

  	
  Q4

  	
   

  	
  YTD
  Total

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-COMMON AREAS

  	
   

  	
  01 * Postal Gang Boxes

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-COMMON AREAS

  	
   

  	
  02 * Mail Shelter

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-COMMON AREAS

  	
   

  	
  03 * School Bus Stop

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-COMMON AREAS

  	
   

  	
  04 * Storm Shelter

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-COMMON AREAS

  	
   

  	
  05 * Common Area
  Lighting

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-COMMON AREAS

  	
   

  	
  06 * Street Lighting

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-FENCING

  	
   

  	
  04 * Chain Link

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-FENCING

  	
   

  	
  05 * Chain Link Vinyl
  Coated

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-FENCING

  	
   

  	
  07 * PVC Rail

  	
   

  	
  3,000

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  3,000

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-FENCING

  	
   

  	
  09 * Repair Fence (not
  capitalizable)

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-GENERAL

  	
   

  	
  01 * Engineering Fees

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-GENERAL

  	
   

  	
  02 * Permits/Review Fees

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-GENERAL

  	
   

  	
  03 * Surveying

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-GENERAL

  	
   

  	
  04 * Mobilization

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-GENERAL

  	
   

  	
  05 * Tap/Impact Fees

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-INITIAL PARK COST

  	
   

  	
  01 * Trash Removal

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LANDSCAPING

  	
   

  	
  01.1 * Entry

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LANDSCAPING

  	
   

  	
  01.2 * Office Common
  Areas

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LANDSCAPING

  	
   

  	
  01.3 * Pool/Playground

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LANDSCAPING

  	
   

  	
  02 * Irrigation/Lighting

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LANDSCAPING

  	
   

  	
  02.1 * Entry

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LANDSCAPING

  	
   

  	
  02.2 * Office/Common
  Areas

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LANDSCAPING

  	
   

  	
  02.3 * Pool/Playground

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LANDSCAPING

  	
   

  	
  03.1 * Entry

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LANDSCAPING

  	
   

  	
  03.2 * Office/Common

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LANDSCAPING

  	
   

  	
  03.3 * Pool/Playground

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LANDSCAPING

  	
   

  	
  04 * Stone Retaining
  Walls

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LANDSCAPING

  	
   

  	
  05 * Concrete Retaining
  Walls

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LANDSCAPING

  	
   

  	
  07 * Tree Trimming
  (capitalizable)

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LANDSCAPING

  	
   

  	
  09 * Tree Removal
  (capitalizable)

  	
   

  	
  0

  	
   

  	
  1,275

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  1,275

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LANDSCAPING

  	
   

  	
  10 * New Trees

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LOT INVENTORY

  	
   

  	
  01.1 * Fill / Grade

  	
   

  	
  3,000

  	
   

  	
  0

  	
   

  	
  1,279

  	
   

  	
  0

  	
   

  	
  4,279

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LOT INVENTORY

  	
   

  	
  01.2 * Sod / Seed

  	
   

  	
  2,000

  	
   

  	
  0

  	
   

  	
  336

  	
   

  	
  0

  	
   

  	
  2,336

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LOT INVENTORY

  	
   

  	
  01.3 * Trees / Shrubs

  	
   

  	
  500

  	
   

  	
  0

  	
   

  	
  1,328

  	
   

  	
  0

  	
   

  	
  1,828

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LOT INVENTORY

  	
   

  	
  02 * Water Meters

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LOT INVENTORY

  	
   

  	
  03 * Water Laterals

  	
   

  	
  0

  	
   

  	
  3,048

  	
   

  	
  3,215

  	
   

  	
  0

  	
   

  	
  6,263

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LOT INVENTORY

  	
   

  	
  04 * Sewer Laterals

  	
   

  	
  0

  	
   

  	
  1,203

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  1,203

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LOT INVENTORY

  	
   

  	
  05 * Elec
  Pedestals/Poles/Breakers

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LOT INVENTORY

  	
   

  	
  07 * Concrete Sidewalk /
  Patio

  	
   

  	
  5,000

  	
   

  	
  4,391

  	
   

  	
  1,776

  	
   

  	
  0

  	
   

  	
  11,167

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LOT INVENTORY

  	
   

  	
  08 * Concrete Parking
  Pad

  	
   

  	
  10,000

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10,000

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LOT INVENTORY

  	
   

  	
  11 * Concrete Patios

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  13,200

  	
   

  	
  13,200

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-LOT INVENTORY

  	
   

  	
  12 * New Lots

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
																	

 

 S8-14
 

 

Schedule 8

Form of Capital Improvements

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  2005

  
	
  Community

  	
   

  	
   

  	
   

  	
  CapEx
  Type

  	
   

  	
  CapEx
  Detail

  	
   

  	
  Q1

  	
   

  	
  Q2

  	
   

  	
  Q3

  	
   

  	
  Q4

  	
   

  	
  YTD
  Total

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-MAINT/RV STORAGE

  	
   

  	
  01 * New Building

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-MAINT/RV STORAGE

  	
   

  	
  02 * Renovate Existing

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-OFFICE/CLUBHOUSE

  	
   

  	
  01.2 * Flooring

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-OFFICE/CLUBHOUSE

  	
   

  	
  01.3 * HVAC/Insulation

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-OFFICE/CLUBHOUSE

  	
   

  	
  03 * Porches &
  Ramps

  	
   

  	
  0

  	
   

  	
  675

  	
   

  	
  3,933

  	
   

  	
  0

  	
   

  	
  4,608

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-OFFICE/CLUBHOUSE

  	
   

  	
  06 * Porch/Patio
  Covers & Awnings

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-OFFICE/CLUBHOUSE

  	
   

  	
  07 * Office Equipment

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-PAVING

  	
   

  	
  02 * Concrete Roads

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-PAVING

  	
   

  	
  03 * Curb &
  Gutter

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-PAVING

  	
   

  	
  04 *
  Sidewalks & Patios

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-PAVING

  	
   

  	
  05 * Concrete Drainage

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  998

  	
   

  	
  0

  	
   

  	
  998

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-PAVING

  	
   

  	
  07 * Street Sidewalks

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-PAVING

  	
   

  	
  08 * Common Area Parking

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-PLAYGROUND

  	
   

  	
  01 * Playground
  Equipment

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-PLAYGROUND

  	
   

  	
  04 * Picnic Area

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-SIGNS

  	
   

  	
  01 * Entry

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-SIGNS

  	
   

  	
  02 * Pool

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-SIGNS

  	
   

  	
  03 * Street

  	
   

  	
  0

  	
   

  	
  396

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  396

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-SIGNS

  	
   

  	
  04 * Office

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-SITEWORK

  	
   

  	
  02 *
  Excavation/Earthwork

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-SITEWORK

  	
   

  	
  04 * Grading

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-UTIL INFRA

  	
   

  	
  01 * Electric Mains

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-UTIL INFRA

  	
   

  	
  02 * Water Mains

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-UTIL INFRA

  	
   

  	
  04 * Sewer Mains

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-UTIL INFRA

  	
   

  	
  09 * Gas Mains

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-UTIL INFRA

  	
   

  	
  10 * TV Service

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  5511 * COUNTRY
  CLUB CROSSING

  	
   

  	
  RE-UTIL INFRA

  	
   

  	
  11 * Telephone Service

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  23,500

  	
   

  	
  10,988

  	
   

  	
  12,865

  	
   

  	
  13,200

  	
   

  	
  60,553

  
																	

 

 S8-15

 

SCHEDULE 9

Form of
Monthly Statement

 

 S9-1

 

**The numbers
provided below are for EXAMPLE PURPOSES ONLY and in no way reflect actual
numbers**

Schedule 9 — Form of
Monthly Statement

ARCML06 LLC

For the period
ending             ,
20

FORM OF
MONTHLY OFFICER’S CERTIFICATE

The undersigned, the Vice President and Chief
Financial Officer of ARCML06 LLC, a Delaware limited liability company (“Borrower”)
and a party to that certain Loan Agreement dated July 11, 2006, by and
among Borrower, Merrill Lynch Mortgage Lending, Inc., as Lender and,                                       ,
as servicer, hereby certifies that: a) the monthly individual operating
statements, rent rolls, schedule of Master Lease Deposits and occupancy reports
covering each of the properties for the period to date, are true and correct
and b) the monthly individual operating statements have been prepared in
accordance with GAAP applied on a consistent basis. No Event of Default has
occurred and is continuing under the Loan Agreement. All Capitalized terms as
used herein have the meanings ascribed to them in the Loan Agreement unless
expressly defined herein.

Prepaid Rents received more than 30 days prior to
their being due totaled $[90,000.00]. This is below the $[100,000.00] threshold
and therefore no reserve is required.

Master Lease Deposits for the period totaled
$[580,000]. This amount is greater than the $[568,837] currently held in the
Master Lease Deposit Account, thus the reserve should be increased by
$[11,163].

The operating statements provided may include
historical information for periods prior to the date the communities were
acquired by the Borrower. This information is included for comparison and trend
information only.

IN WITNESS WHEREOF, I have affixed my signature as of
the          day of       
20    .

	
  

  	
   

  
	
  Lawrence Kreider

  	
   

  
	
  Vice President, Chief Financial Officer

  	
   

  

 

 S9-2

 

Schedule 9

Form of Monthly Operating Statement

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers

	
   

  	
   

  	
  May-05

  	
   

  	
  Jun-05

  	
   

  	
  Jul-05

  	
   

  	
  Aug-05

  	
   

  	
  Sep-05

  	
   

  	
  Oct-05

  	
   

  	
  Nov-05

  	
   

  	
  Dec-05

  	
   

  	
  Jan-06

  	
   

  	
  Feb-06

  	
   

  	
  Mar-06

  	
   

  	
  Apr-06

  	
   

  	
  Trailing

  12M

  	
   

  	
  This

  Year-A

  	
   

  	
  This

  Year-B

  	
   

  	
  Last

  Year-A

  	
   

  
	
  FOREST CREEK

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Rental
  income—lot & other

  	
   

  	
  47,723

  	
   

  	
  42,370

  	
   

  	
  44,775

  	
   

  	
  47,045

  	
   

  	
  45,148

  	
   

  	
  44,380

  	
   

  	
  44,318

  	
   

  	
  43,969

  	
   

  	
  45,091

  	
   

  	
  47,373

  	
   

  	
  44,535

  	
   

  	
  49,120

  	
   

  	
  545,846

  	
   

  	
  186,119

  	
   

  	
  138,300

  	
   

  	
  545,846

  	
   

  
	
  Mobile
  home rent

  	
   

  	
  7,658

  	
   

  	
  8,921

  	
   

  	
  8,358

  	
   

  	
  8,677

  	
   

  	
  9,315

  	
   

  	
  10,653

  	
   

  	
  11,487

  	
   

  	
  13,403

  	
   

  	
  14,120

  	
   

  	
  14,481

  	
   

  	
  14,088

  	
   

  	
  13,367

  	
   

  	
  134,527

  	
   

  	
  56,055

  	
   

  	
  58,480

  	
   

  	
  134,527

  	
   

  
	
   

  	
   

  	
  55,380

  	
   

  	
  51,291

  	
   

  	
  53,133

  	
   

  	
  55,722

  	
   

  	
  54,463

  	
   

  	
  55,032

  	
   

  	
  55,805

  	
   

  	
  57,372

  	
   

  	
  59,211

  	
   

  	
  61,853

  	
   

  	
  58,623

  	
   

  	
  62,487

  	
   

  	
  680,374

  	
   

  	
  242,174

  	
   

  	
  196,780

  	
   

  	
  680,374

  	
   

  
	
  Utility
  income

  	
   

  	
  780

  	
   

  	
  1,049

  	
   

  	
  1,404

  	
   

  	
  1,673

  	
   

  	
  1,467

  	
   

  	
  1,090

  	
   

  	
  1,009

  	
   

  	
  871

  	
   

  	
  880

  	
   

  	
  1,144

  	
   

  	
  2,290

  	
   

  	
  2,566

  	
   

  	
  16,224

  	
   

  	
  6,881

  	
   

  	
  14,400

  	
   

  	
  16,224

  	
   

  
	
  Other
  income

  	
   

  	
  2,320

  	
   

  	
  1,993

  	
   

  	
  1,396

  	
   

  	
  1,456

  	
   

  	
  2,048

  	
   

  	
  2,114

  	
   

  	
  2,421

  	
   

  	
  2,428

  	
   

  	
  2,290

  	
   

  	
  2,965

  	
   

  	
  1,646

  	
   

  	
  12,389

  	
   

  	
  35,464

  	
   

  	
  19,289

  	
   

  	
  7,800

  	
   

  	
  35,464

  	
   

  
	
  Total
  Revenue

  	
   

  	
  58,480

  	
   

  	
  54,333

  	
   

  	
  55,933

  	
   

  	
  58,852

  	
   

  	
  57,977

  	
   

  	
  58,236

  	
   

  	
  59,235

  	
   

  	
  60,671

  	
   

  	
  62,381

  	
   

  	
  65,963

  	
   

  	
  62,558

  	
   

  	
  77,442

  	
   

  	
  732,061

  	
   

  	
  268,344

  	
   

  	
  218,980

  	
   

  	
  732,061

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Salaries
  and benefits

  	
   

  	
  7,092

  	
   

  	
  5,153

  	
   

  	
  10,439

  	
   

  	
  7,885

  	
   

  	
  7,340

  	
   

  	
  7,491

  	
   

  	
  19,689

  	
   

  	
  1,646

  	
   

  	
  7,219

  	
   

  	
  6,949

  	
   

  	
  7,348

  	
   

  	
  4,672

  	
   

  	
  92,923

  	
   

  	
  26,188

  	
   

  	
  28,575

  	
   

  	
  92,923

  	
   

  
	
  Advertising
  expense

  	
   

  	
  139

  	
   

  	
  32

  	
   

  	
  123

  	
   

  	
  250

  	
   

  	
  455

  	
   

  	
  16

  	
   

  	
  155

  	
   

  	
  723

  	
   

  	
  498

  	
   

  	
  0

  	
   

  	
  16

  	
   

  	
  121

  	
   

  	
  2,527

  	
   

  	
  635

  	
   

  	
  1,204

  	
   

  	
  2,527

  	
   

  
	
  Bad
  debt expense

  	
   

  	
  (567

  	
  )

  	
  (141

  	
  )

  	
  (1,222

  	
  )

  	
  (302

  	
  )

  	
  (655

  	
  )

  	
  68

  	
   

  	
  (176

  	
  )

  	
  434

  	
   

  	
  1,190

  	
   

  	
  (710

  	
  )

  	
  427

  	
   

  	
  (836

  	
  )

  	
  (2,491

  	
  )

  	
  71

  	
   

  	
  1,200

  	
   

  	
  (2,491

  	
  )

  
	
  Office
  supplies

  	
   

  	
  492

  	
   

  	
  222

  	
   

  	
  158

  	
   

  	
  37

  	
   

  	
  546

  	
   

  	
  317

  	
   

  	
  719

  	
   

  	
  795

  	
   

  	
  158

  	
   

  	
  349

  	
   

  	
  180

  	
   

  	
  267

  	
   

  	
  4,240

  	
   

  	
  954

  	
   

  	
  1,022

  	
   

  	
  4,240

  	
   

  
	
  Professional
  services

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  768

  	
   

  	
  443

  	
   

  	
  639

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  253

  	
   

  	
  0

  	
   

  	
  282

  	
   

  	
  2,383

  	
   

  	
  535

  	
   

  	
  720

  	
   

  	
  2,383

  	
   

  
	
  Telephone

  	
   

  	
  190

  	
   

  	
  319

  	
   

  	
  472

  	
   

  	
  791

  	
   

  	
  268

  	
   

  	
  501

  	
   

  	
  764

  	
   

  	
  332

  	
   

  	
  275

  	
   

  	
  268

  	
   

  	
  545

  	
   

  	
  502

  	
   

  	
  5,225

  	
   

  	
  1,590

  	
   

  	
  1,560

  	
   

  	
  5,225

  	
   

  
	
  Travel

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  639

  	
   

  	
  0

  	
   

  	
  583

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  1,222

  	
   

  	
  0

  	
   

  	
  240

  	
   

  	
  1,222

  	
   

  
	
  Insurance

  	
   

  	
  968

  	
   

  	
  968

  	
   

  	
  968

  	
   

  	
  968

  	
   

  	
  968

  	
   

  	
  968

  	
   

  	
  968

  	
   

  	
  968

  	
   

  	
  967

  	
   

  	
  967

  	
   

  	
  1,246

  	
   

  	
  976

  	
   

  	
  11,904

  	
   

  	
  4,156

  	
   

  	
  3,949

  	
   

  	
  11,904

  	
   

  
	
  Tenant
  hook up expense

  	
   

  	
  0

  	
   

  	
  41

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  121

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  121

  	
   

  
	
  Repairs &
  maintenance

  	
   

  	
  1,725

  	
   

  	
  1,353

  	
   

  	
  1,437

  	
   

  	
  2,235

  	
   

  	
  3,756

  	
   

  	
  4,867

  	
   

  	
  1,376

  	
   

  	
  1,735

  	
   

  	
  1,548

  	
   

  	
  715

  	
   

  	
  762

  	
   

  	
  568

  	
   

  	
  22,077

  	
   

  	
  3,593

  	
   

  	
  6,230

  	
   

  	
  22,077

  	
   

  
	
  Utilities
  expense

  	
   

  	
  2,207

  	
   

  	
  2,481

  	
   

  	
  2,379

  	
   

  	
  7,197

  	
   

  	
  3,886

  	
   

  	
  2,857

  	
   

  	
  3,425

  	
   

  	
  5,242

  	
   

  	
  3,149

  	
   

  	
  3,241

  	
   

  	
  3,435

  	
   

  	
  4,173

  	
   

  	
  43,673

  	
   

  	
  13,998

  	
   

  	
  16,970

  	
   

  	
  43,673

  	
   

  
	
  Other
  expense

  	
   

  	
  34

  	
   

  	
  724

  	
   

  	
  (13

  	
  )

  	
  (17

  	
  )

  	
  782

  	
   

  	
  (28

  	
  )

  	
  522

  	
   

  	
  936

  	
   

  	
  502

  	
   

  	
  215

  	
   

  	
  (112

  	
  )

  	
  (700

  	
  )

  	
  2,843

  	
   

  	
  (95

  	
  )

  	
  1,740

  	
   

  	
  2,843

  	
   

  
	
  Real
  estate taxes

  	
   

  	
  4,195

  	
   

  	
  4,195

  	
   

  	
  4,195

  	
   

  	
  4,195

  	
   

  	
  4,195

  	
   

  	
  4,195

  	
   

  	
  4,195

  	
   

  	
  15,321

  	
   

  	
  4,195

  	
   

  	
  4,195

  	
   

  	
  4,195

  	
   

  	
  4,195

  	
   

  	
  61,466

  	
   

  	
  16,780

  	
   

  	
  21,000

  	
   

  	
  61,466

  	
   

  
	
  Total
  Expenses

  	
   

  	
  16,475

  	
   

  	
  15,347

  	
   

  	
  19,575

  	
   

  	
  24,006

  	
   

  	
  22,647

  	
   

  	
  21,890

  	
   

  	
  31,638

  	
   

  	
  28,131

  	
   

  	
  19,701

  	
   

  	
  16,442

  	
   

  	
  18,042

  	
   

  	
  14,219

  	
   

  	
  248,114

  	
   

  	
  68,403

  	
   

  	
  84,410

  	
   

  	
  248,114

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Income (loss) from operations

  	
   

  	
  42,005

  	
   

  	
  38,986

  	
   

  	
  36,358

  	
   

  	
  34,846

  	
   

  	
  35,330

  	
   

  	
  36,345

  	
   

  	
  27,597

  	
   

  	
  32,539

  	
   

  	
  42,680

  	
   

  	
  49,521

  	
   

  	
  44,516

  	
   

  	
  63,223

  	
   

  	
  483,947

  	
   

  	
  199,941

  	
   

  	
  134,570

  	
   

  	
  483,947

  	
   

  

 

 S9-3
 

 

Schedule 9

Form of Occupancy Report

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  5719 FOREST CREEK

  APR-30-2006 -Month

  	
   

  	
  Sites

  	
   

  	
  Begin

  Occ

  	
   

  	
  MI

  Physical

  	
   

  	
  MI

  Rental

  	
   

  	
  MILTO

  	
   

  	
  MICoo

  	
   

  	
  Total

  In

  	
   

  	
  MO

  Physical

  	
   

  	
  MO

  Rental

  	
   

  	
  MOLTO

  	
   

  	
  MOCoo

  	
   

  	
  MO

  Repo

  	
   

  	
  MOHP

  	
   

  	
  Total

  Out

  	
   

  	
  End

  Occ

  	
   

  	
  Budget

  	
   

  	
  Total

  Rent

  	
   

  	
  Rent

  Occup

  	
   

  	
  Total

  Repos

  	
   

  	
  Lto

  Sum

  	
   

  	
  MSold

  Houses

  	
   

  
	
   

  	
   

  	
  167

  	
   

  	
  146

  	
   

  	
  0

  	
   

  	
  1

  	
   

  	
  1

  	
   

  	
  1

  	
   

  	
  3

  	
   

  	
  0

  	
   

  	
  2

  	
   

  	
  0

  	
   

  	
  2

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  4

  	
   

  	
  145

  	
   

  	
  150

  	
   

  	
  44

  	
   

  	
  43

  	
   

  	
  1

  	
   

  	
  13

  	
   

  	
  0

  	
   

  

 

	
  5719 FOREST CREEK
  APR-30-2006-Year

  	
   

  	
  Sites

  	
   

  	
  Begin

  Occ

  	
   

  	
  MI

  Physical

  	
   

  	
  MI

  Rental

  	
   

  	
  MILTO

  	
   

  	
  MICoo

  	
   

  	
  Total

  In

  	
   

  	
  MO

  Physical

  	
   

  	
  MO

  Rental

  	
   

  	
  MOLTO

  	
   

  	
  MOCoo

  	
   

  	
  MO

  Repo

  	
   

  	
  MOHP

  	
   

  	
  Total

  Out

  	
   

  	
  End

  Occ

  	
   

  	
  Cost

  	
   

  	
  YSold

  Houses

  	
   

  
	
   

  	
   

  	
  167

  	
   

  	
  147

  	
   

  	
  1

  	
   

  	
  3

  	
   

  	
  2

  	
   

  	
  4

  	
   

  	
  10

  	
   

  	
  2

  	
   

  	
  5

  	
   

  	
  0

  	
   

  	
  5

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  12

  	
   

  	
  145

  	
   

  	
  0

  	
   

  	
  1

  	
   

  

 

 S9-4

 

Schedule 9

Form of Monthly Rent Roll

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Previous

  Balance

  	
   

  	
  Rent

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Payments

  	
   

  	
  Due To

  	
   

  
	
  Forest Creek

  	
   

  	
  1

  	
   

  	
  Turney

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  16

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  376

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  2

  	
   

  	
  Mascola

  	
   

  	
  105

  	
   

  	
  (5

  	
  )

  	
  350

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  35

  	
   

  	
  355

  	
   

  	
  35

  	
   

  
	
  Forest Creek

  	
   

  	
  3

  	
   

  	
  Mascola

  	
   

  	
  105

  	
   

  	
  (36

  	
  )

  	
  350

  	
   

  	
  13

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  35

  	
   

  	
  390

  	
   

  	
  (28

  	
  )

  
	
  Forest Creek

  	
   

  	
  4

  	
   

  	
  Ball

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  5

  	
   

  	
  364

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  5

  	
   

  	
  Alexander

  	
   

  	
  155

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  20

  	
   

  	
  382

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  6

  	
   

  	
  Swartzell

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  12

  	
   

  
	
  Forest Creek

  	
   

  	
  7

  	
   

  	
  Shafer

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  16

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  376

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  8

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  9

  	
   

  	
  Kingsbury

  	
   

  	
  105

  	
   

  	
  (0

  	
  )

  	
  350

  	
   

  	
  22

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  372

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  010R

  	
   

  	
  Miller

  	
   

  	
  0

  	
   

  	
  (0

  	
  )

  	
  334

  	
   

  	
  11

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  386

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  771

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  011R

  	
   

  	
  Miller

  	
   

  	
  100

  	
   

  	
  25

  	
   

  	
  334

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  310

  	
   

  	
  0

  	
   

  	
  193

  	
   

  	
  900

  	
   

  	
  (29

  	
  )

  
	
  Forest Creek

  	
   

  	
  012R

  	
   

  	
  Llamas

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  334

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  301

  	
   

  	
  0

  	
   

  	
  187

  	
   

  	
  836

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  13

  	
   

  	
  Harroff

  	
   

  	
  344

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  362

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  14

  	
   

  	
  Darnell

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  22

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  372

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  15

  	
   

  	
  Cepeda

  	
   

  	
  439

  	
   

  	
  (2

  	
  )

  	
  350

  	
   

  	
  13

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  361

  	
   

  	
  (0

  	
  )

  
	
  Forest Creek

  	
   

  	
  16

  	
   

  	
  Hall

  	
   

  	
  434

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  45

  	
   

  	
  375

  	
   

  	
  35

  	
   

  
	
  Forest Creek

  	
   

  	
  017R

  	
   

  	
  Campos

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  18

  	
   

  	
  Shaske

  	
   

  	
  334

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  362

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  19

  	
   

  	
  Beechy

  	
   

  	
  205

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  20

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  370

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  20

  	
   

  	
  Pineda

  	
   

  	
  334

  	
   

  	
  (0

  	
  )

  	
  350

  	
   

  	
  11

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  361

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  021R

  	
   

  	
  Espejel &
  Jessica Magallan

  	
   

  	
  750

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  400

  	
   

  	
  0

  	
   

  	
  35

  	
   

  	
  800

  	
   

  	
  (3

  	
  )

  
	
  Forest Creek

  	
   

  	
  022R

  	
   

  	
  Love

  	
   

  	
  850

  	
   

  	
  (0

  	
  )

  	
  350

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  400

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  762

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  023R

  	
   

  	
  Lynch

  	
   

  	
  750

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  13

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  400

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  763

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  24

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  25

  	
   

  	
  Potts

  	
   

  	
  205

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  (101

  	
  )

  	
  256

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  26

  	
   

  	
  Leighton

  	
   

  	
  110

  	
   

  	
  (2

  	
  )

  	
  350

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  358

  	
   

  	
  (1

  	
  )

  
	
  Forest Creek

  	
   

  	
  27

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  28

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  29

  	
   

  	
  Cox

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  359

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  30

  	
   

  	
  MAURER

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  357

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  31

  	
   

  	
  Deininger

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  8

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  368

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  32

  	
   

  	
  Bates

  	
   

  	
  100

  	
   

  	
  7

  	
   

  	
  350

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  375

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  033R

  	
   

  	
  Wyatt

  	
   

  	
  600

  	
   

  	
  0

  	
   

  	
  344

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  360

  	
   

  	
  0

  	
   

  	
  103

  	
   

  	
  818

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  034R

  	
   

  	
  Fields

  	
   

  	
  900

  	
   

  	
  5

  	
   

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  775

  	
   

  	
  (6

  	
  )

  
	
  Forest Creek

  	
   

  	
  35

  	
   

  	
  CALDERON

  	
   

  	
  105

  	
   

  	
  (2

  	
  )

  	
  337

  	
   

  	
  61

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  397

  	
   

  	
  (0

  	
  )

  
	
  Forest Creek

  	
   

  	
  36

  	
   

  	
  Truex

  	
   

  	
  416

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  26

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  363

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  037R

  	
   

  	
  McClure

  	
   

  	
  750

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  30

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  690

  	
   

  	
  (10

  	
  )

  
	
  Forest Creek

  	
   

  	
  38

  	
   

  	
  WILES

  	
   

  	
  105

  	
   

  	
  (0

  	
  )

  	
  337

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  345

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  39

  	
   

  	
  MASTEN

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  344

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  40

  	
   

  	
  Collins

  	
   

  	
  155

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  346

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  41

  	
   

  	
  HAHN

  	
   

  	
  155

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  359

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  42

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  43

  	
   

  	
  Curits

  	
   

  	
  337

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  8

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  345

  	
   

  	
  0

  	
   

  

 

 S9-5
 

 

Schedule 9

Form of Monthly Rent Roll

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Previous

  Balance

  	
   

  	
  Rent

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Payments

  	
   

  	
  Due To

  	
   

  
	
  Forest Creek

  	
   

  	
  044R

  	
   

  	
  Ibarra

  	
   

  	
  650

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  662

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  045R

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  46

  	
   

  	
  WATERMAN

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  26

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  373

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  47

  	
   

  	
  Woolverton

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  344

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  48

  	
   

  	
  WINTHER

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  16

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  406

  	
   

  	
  2

  	
   

  
	
  Forest Creek

  	
   

  	
  049R

  	
   

  	
  Garner

  	
   

  	
  750

  	
   

  	
  (14

  	
  )

  	
  337

  	
   

  	
  29

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  677

  	
   

  	
  (12

  	
  )

  
	
  Forest Creek

  	
   

  	
  050R

  	
   

  	
  Alkhafaji

  	
   

  	
  650

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  11

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  661

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  51

  	
   

  	
  Dodge
  City

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  337

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  681

  	
   

  
	
  Forest Creek

  	
   

  	
  052R

  	
   

  	
  Stepp

  	
   

  	
  650

  	
   

  	
  (9

  	
  )

  	
  337

  	
   

  	
  13

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  250

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  675

  	
   

  	
  (84

  	
  )

  
	
  Forest Creek

  	
   

  	
  053R

  	
   

  	
  Harwell &
  Scott Slusher

  	
   

  	
  0

  	
   

  	
  (0

  	
  )

  	
  337

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  344

  	
   

  	
  0

  	
   

  	
  8

  	
   

  	
  700

  	
   

  	
  (1

  	
  )

  
	
  Forest Creek

  	
   

  	
  054R

  	
   

  	
  Scheretie

  	
   

  	
  650

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  665

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  55

  	
   

  	
  Weldy

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  344

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  056R

  	
   

  	
  Banter

  	
   

  	
  705

  	
   

  	
  (0

  	
  )

  	
  337

  	
   

  	
  17

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  360

  	
   

  	
  0

  	
   

  	
  63

  	
   

  	
  775

  	
   

  	
  2

  	
   

  
	
  Forest Creek

  	
   

  	
  57

  	
   

  	
  VAWTER

  	
   

  	
  155

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  (168

  	
  )

  	
  183

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  058R

  	
   

  	
  Guider

  	
   

  	
  650

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  16

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  666

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  059R

  	
   

  	
  Cuevas &
  Diana Olivencia

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  316

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  251

  	
   

  	
  0

  	
   

  	
  154

  	
   

  	
  734

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  060R

  	
   

  	
  Rabe

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  61

  	
   

  	
  Martin

  	
   

  	
  150

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  341

  	
   

  	
  (168

  	
  )

  	
  520

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  62

  	
   

  	
  RIDENOUR

  	
   

  	
  105

  	
   

  	
  (2

  	
  )

  	
  337

  	
   

  	
  24

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  360

  	
   

  	
  (0

  	
  )

  
	
  Forest Creek

  	
   

  	
  63

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  64

  	
   

  	
  YOUNG

  	
   

  	
  155

  	
   

  	
  43

  	
   

  	
  337

  	
   

  	
  28

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  (158

  	
  )

  	
  207

  	
   

  	
  43

  	
   

  
	
  Forest Creek

  	
   

  	
  65

  	
   

  	
  Salisbury

  	
   

  	
  316

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  354

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  66

  	
   

  	
  Rogers

  	
   

  	
  155

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  13

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  (103

  	
  )

  	
  247

  	
   

  	
  (0

  	
  )

  
	
  Forest Creek

  	
   

  	
  67

  	
   

  	
  HINES

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  346

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  68

  	
   

  	
  SOMMER

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  351

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  69

  	
   

  	
  EVERET

  	
   

  	
  105

  	
   

  	
  (1

  	
  )

  	
  337

  	
   

  	
  290

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  289

  	
   

  
	
  Forest Creek

  	
   

  	
  70

  	
   

  	
  WYRICK

  	
   

  	
  110

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  8

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  345

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  71

  	
   

  	
  Looney

  	
   

  	
  155

  	
   

  	
  (15

  	
  )

  	
  337

  	
   

  	
  17

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  (168

  	
  )

  	
  171

  	
   

  	
  (0

  	
  )

  
	
  Forest Creek

  	
   

  	
  072R

  	
   

  	
  Evans &
  Anderson

  	
   

  	
  650

  	
   

  	
  0

  	
   

  	
  (1,053

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  660

  	
   

  	
  0

  	
   

  	
  (80

  	
  )

  
	
  Forest Creek

  	
   

  	
  073R

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  074R

  	
   

  	
  Sharp

  	
   

  	
  650

  	
   

  	
  1

  	
   

  	
  337

  	
   

  	
  18

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  670

  	
   

  	
  9

  	
   

  
	
  Forest Creek

  	
   

  	
  75

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  76

  	
   

  	
  MELLINGER

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  344

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  077R

  	
   

  	
  Sharon

  	
   

  	
  650

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  25

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  310

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  671

  	
   

  	
  1

  	
   

  
	
  Forest Creek

  	
   

  	
  078R

  	
   

  	
  Calderon,
  Natividad Sanchez

  	
   

  	
  600

  	
   

  	
  0

  	
   

  	
  319

  	
   

  	
  34

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  414

  	
   

  	
  0

  	
   

  	
  33

  	
   

  	
  801

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  79

  	
   

  	
  MCCASTER

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  349

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  80

  	
   

  	
  IVORY

  	
   

  	
  105

  	
   

  	
  360

  	
   

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  322

  	
   

  	
  35

  	
   

  	
  663

  	
   

  	
  404

  	
   

  
	
  Forest Creek

  	
   

  	
  81

  	
   

  	
  SINTON

  	
   

  	
  105

  	
   

  	
  4

  	
   

  	
  337

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  349

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  82

  	
   

  	
  Hardison

  	
   

  	
  110

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  29

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  376

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  83

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  84

  	
   

  	
  Worsham

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  65

  	
   

  	
  414

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  85

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  86

  	
   

  	
  WARD

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  13

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  0

  	
   

  

 

 S9-6
 

 

Schedule 9

Form of Monthly Rent Roll

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Previous

  Balance

  	
   

  	
  Rent

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Payments

  	
   

  	
  Due To

  	
   

  
	
  Forest Creek

  	
   

  	
  87

  	
   

  	
  Rice

  	
   

  	
  400

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  36

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  60

  	
   

  	
  433

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  88

  	
   

  	
  Utt

  	
   

  	
  319

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  351

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  89

  	
   

  	
  CLEVELAND

  	
   

  	
  105

  	
   

  	
  (0

  	
  )

  	
  337

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  (6

  	
  )

  
	
  Forest Creek

  	
   

  	
  90

  	
   

  	
  Rodriquez

  	
   

  	
  324

  	
   

  	
  (1

  	
  )

  	
  337

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  351

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  091R

  	
   

  	
  Kerby

  	
   

  	
  1,000

  	
   

  	
  786

  	
   

  	
  350

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  400

  	
   

  	
  0

  	
   

  	
  998

  	
   

  	
  2,000

  	
   

  	
  546

  	
   

  
	
  Forest Creek

  	
   

  	
  92

  	
   

  	
  Rogers

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  346

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  93

  	
   

  	
  Valleau

  	
   

  	
  155

  	
   

  	
  (605

  	
  )

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  (168

  	
  )

  	
  0

  	
   

  	
  (422

  	
  )

  
	
  Forest Creek

  	
   

  	
  094R

  	
   

  	
  Walters

  	
   

  	
  750

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  757

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  95

  	
   

  	
  RUBLE

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  347

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  096R

  	
   

  	
  Null,
  Rebecca Ride

  	
   

  	
  600

  	
   

  	
  0

  	
   

  	
  319

  	
   

  	
  8

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  403

  	
   

  	
  0

  	
   

  	
  5

  	
   

  	
  736

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  097R

  	
   

  	
  Moore

  	
   

  	
  850

  	
   

  	
  (0

  	
  )

  	
  337

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  754

  	
   

  	
  8

  	
   

  
	
  Forest Creek

  	
   

  	
  98

  	
   

  	
  MCCALLISTER

  	
   

  	
  110

  	
   

  	
  (3

  	
  )

  	
  337

  	
   

  	
  16

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  361

  	
   

  	
  (1

  	
  )

  
	
  Forest Creek

  	
   

  	
  99

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  100

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  101

  	
   

  	
  Sanchez

  	
   

  	
  319

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  351

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  102

  	
   

  	
  Ziegert

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  347

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  103

  	
   

  	
  POWERS

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  349

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  104

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  105R

  	
   

  	
  Gill

  	
   

  	
  600

  	
   

  	
  (2

  	
  )

  	
  319

  	
   

  	
  22

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  0

  	
   

  	
  112

  	
   

  	
  801

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  106

  	
   

  	
  HOOVER

  	
   

  	
  105

  	
   

  	
  (39

  	
  )

  	
  337

  	
   

  	
  23

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  65

  	
   

  	
  410

  	
   

  	
  (24

  	
  )

  
	
  Forest Creek

  	
   

  	
  107R

  	
   

  	
  GreenTree
  Finance Servicing Corp.

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  (337

  	
  )

  	
  0

  	
   

  	
  7

  	
   

  
	
  Forest Creek

  	
   

  	
  108

  	
   

  	
  HOLLAND

  	
   

  	
  110

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  20

  	
   

  	
  366

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  109

  	
   

  	
  BAUGHER

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  28

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  375

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  110R

  	
   

  	
  Gonzales

  	
   

  	
  100

  	
   

  	
  (0

  	
  )

  	
  319

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  278

  	
   

  	
  0

  	
   

  	
  206

  	
   

  	
  777

  	
   

  	
  35

  	
   

  
	
  Forest Creek

  	
   

  	
  111R

  	
   

  	
  Jones

  	
   

  	
  705

  	
   

  	
  (5

  	
  )

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  363

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  710

  	
   

  	
  (1

  	
  )

  
	
  Forest Creek

  	
   

  	
  112

  	
   

  	
  Yeager

  	
   

  	
  337

  	
   

  	
  (13

  	
  )

  	
  337

  	
   

  	
  11

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  335

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  113

  	
   

  	
  Fraga &
  Jose Lopez

  	
   

  	
  344

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  33

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  383

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  114

  	
   

  	
  COLPITTS

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  357

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  115

  	
   

  	
  BIRR

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  5

  	
   

  	
  354

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  116

  	
   

  	
  WISE

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  8

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  345

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  117

  	
   

  	
  STOVER

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  17

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  354

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  118

  	
   

  	
  Kline

  	
   

  	
  105

  	
   

  	
  (0

  	
  )

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  351

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  119

  	
   

  	
  RADLOFF

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  361

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  120

  	
   

  	
  Shaw

  	
   

  	
  105

  	
   

  	
  (0

  	
  )

  	
  337

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  352

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  121

  	
   

  	
  Davila

  	
   

  	
  155

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  352

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  122

  	
   

  	
  Powell

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  349

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  123

  	
   

  	
  Duran,
  Maria Carrillo

  	
   

  	
  316

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  17

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  354

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  124R

  	
   

  	
  Holmes &
  Bartiscia Holmes

  	
   

  	
  650

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  13

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  718

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  125R

  	
   

  	
  Papoi

  	
   

  	
  650

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  659

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  126

  	
   

  	
  Yoder

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  349

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  127

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  128

  	
   

  	
  BONDS

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  372

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  129

  	
   

  	
  EMELANDER

  	
   

  	
  105

  	
   

  	
  (5

  	
  )

  	
  337

  	
   

  	
  17

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  (1

  	
  )

  

 

 S9-7
 

 

Schedule 9

Form of Monthly Rent Roll

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Previous

  Balance

  	
   

  	
  Rent

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Payments

  	
   

  	
  Due To

  	
   

  
	
  Forest Creek

  	
   

  	
  130

  	
   

  	
  BURGESS

  	
   

  	
  155

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  28

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  (148

  	
  )

  	
  217

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  131

  	
   

  	
  CAMERON

  	
   

  	
  155

  	
   

  	
  (0

  	
  )

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  (158

  	
  )

  	
  193

  	
   

  	
  (0

  	
  )

  
	
  Forest Creek

  	
   

  	
  132

  	
   

  	
  Shaw

  	
   

  	
  105

  	
   

  	
  (4

  	
  )

  	
  337

  	
   

  	
  16

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  359

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  133

  	
   

  	
  WYNN

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  361

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  134

  	
   

  	
  MANN

  	
   

  	
  155

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  362

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  135R

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  136R

  	
   

  	
  Kramer

  	
   

  	
  750

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  8

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  758

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  137R

  	
   

  	
  Romero,
  Maria Morgan

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  319

  	
   

  	
  20

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  217

  	
   

  	
  0

  	
   

  	
  131

  	
   

  	
  686

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  138

  	
   

  	
  Parot

  	
   

  	
  337

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  674

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  139

  	
   

  	
  BARRIGA

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  21

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  358

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  140

  	
   

  	
  Bridwell

  	
   

  	
  319

  	
   

  	
  426

  	
   

  	
  337

  	
   

  	
  8

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  35

  	
   

  	
  1,107

  	
   

  	
  (301

  	
  )

  
	
  Forest Creek

  	
   

  	
  141R

  	
   

  	
  Garcia

  	
   

  	
  850

  	
   

  	
  120

  	
   

  	
  337

  	
   

  	
  8

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  45

  	
   

  	
  922

  	
   

  	
  1

  	
   

  
	
  Forest Creek

  	
   

  	
  142R

  	
   

  	
  Pratcher

  	
   

  	
  750

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  20

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  431

  	
   

  	
  0

  	
   

  	
  35

  	
   

  	
  677

  	
   

  	
  146

  	
   

  
	
  Forest Creek

  	
   

  	
  143

  	
   

  	
  Waymire

  	
   

  	
  155

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  (171

  	
  )

  	
  191

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  144

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  145R

  	
   

  	
  Moreno

  	
   

  	
  600

  	
   

  	
  (1

  	
  )

  	
  319

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  382

  	
   

  	
  0

  	
   

  	
  48

  	
   

  	
  760

  	
   

  	
  (0

  	
  )

  
	
  Forest Creek

  	
   

  	
  146

  	
   

  	
  Middlestadt

  	
   

  	
  319

  	
   

  	
  (10

  	
  )

  	
  337

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  147

  	
   

  	
  Sanchez

  	
   

  	
  319

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  22

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  369

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  148

  	
   

  	
  Locke

  	
   

  	
  219

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  18

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  355

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  149

  	
   

  	
  SNYDER

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  346

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  150R

  	
   

  	
  Baer

  	
   

  	
  750

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  27

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  777

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  151

  	
   

  	
  Vazquez &
  Melissa Moreno

  	
   

  	
  272

  	
   

  	
  0

  	
   

  	
  402

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  272

  	
   

  	
  725

  	
   

  	
  (40

  	
  )

  
	
  Forest Creek

  	
   

  	
  152

  	
   

  	
  Buford

  	
   

  	
  344

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  7

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  357

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  153

  	
   

  	
  Richardson

  	
   

  	
  374

  	
   

  	
  (0

  	
  )

  	
  337

  	
   

  	
  18

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  355

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  154

  	
   

  	
  RESENDEZ

  	
   

  	
  155

  	
   

  	
  (14

  	
  )

  	
  337

  	
   

  	
  11

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  (168

  	
  )

  	
  166

  	
   

  	
  (0

  	
  )

  
	
  Forest Creek

  	
   

  	
  155

  	
   

  	
  Wallin

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  38

  	
   

  	
  387

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  156R

  	
   

  	
  Smith

  	
   

  	
  300

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  17

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  192

  	
   

  	
  0

  	
   

  	
  186

  	
   

  	
  732

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  157R

  	
   

  	
  Gatlin

  	
   

  	
  850

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  21

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  771

  	
   

  	
  (0

  	
  )

  
	
  Forest Creek

  	
   

  	
  158

  	
   

  	
  Stevens

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  9

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  79

  	
   

  	
  (398

  	
  )

  	
  823

  	
   

  
	
  Forest Creek

  	
   

  	
  159

  	
   

  	
  Reyes,
  Manuel

  	
   

  	
  324

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  25

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  362

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  160

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  161

  	
   

  	
  Evans

  	
   

  	
  105

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  17

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  354

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  162

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  163

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  164

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  165R

  	
   

  	
  Hines

  	
   

  	
  750

  	
   

  	
  (23

  	
  )

  	
  337

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  764

  	
   

  	
  (26

  	
  )

  
	
  Forest Creek

  	
   

  	
  166

  	
   

  	
  Brough

  	
   

  	
  319

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  357

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  167

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S100

  	
   

  	
  Forest
  Creek

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S101

  	
   

  	
  Forest
  Creek

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S102

  	
   

  	
  Forest
  Creek

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S103

  	
   

  	
  Forest
  Creek

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S104

  	
   

  	
  Forest Creek

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  

 

 S9-8
 

 

Schedule 9

Form of Monthly Rent Roll

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Previous

  Balance

  	
   

  	
  Rent

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Payments

  	
   

  	
  Due To

  	
   

  
	
  Forest Creek

  	
   

  	
  S105

  	
   

  	
  Forest
  Creek

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S106

  	
   

  	
  Martin

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S107

  	
   

  	
  Parish

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S108

  	
   

  	
  Crockett

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  40

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S109

  	
   

  	
  Gonzales

  	
   

  	
  0

  	
   

  	
  120

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  0

  	
   

  	
  160

  	
   

  
	
  Forest Creek

  	
   

  	
  S110

  	
   

  	
  Kashishian

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  40

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S111

  	
   

  	
  Molina

  	
   

  	
  0

  	
   

  	
  60

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  60

  	
   

  	
  0

  	
   

  	
  120

  	
   

  
	
  Forest Creek

  	
   

  	
  S112

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S113

  	
   

  	
  Walters

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  56

  	
   

  	
  (1

  	
  )

  
	
  Forest Creek

  	
   

  	
  S114

  	
   

  	
  Miller

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S115

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S116

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S117

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S118

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S119

  	
   

  	
  Jackson

  	
   

  	
  0

  	
   

  	
  315

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  325

  	
   

  	
  45

  	
   

  
	
  Forest Creek

  	
   

  	
  S120

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S121

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S122

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S123

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S124

  	
   

  	
  Yoder

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S125

  	
   

  	
  Ivory

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S126

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S127

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S128

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S129

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S130

  	
   

  	
  Avila

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S131

  	
   

  	
  Mccreary

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  0

  	
   

  	
  110

  	
   

  
	
  Forest Creek

  	
   

  	
  S132

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S133

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S134

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S135

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S136

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S137

  	
   

  	
  Wilkins

  	
   

  	
  0

  	
   

  	
  75

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  150

  	
   

  	
  (20

  	
  )

  
	
  Forest Creek

  	
   

  	
  S138

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S139

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S140

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S141

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S142

  	
   

  	
  Moreno

  	
   

  	
  0

  	
   

  	
  75

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  75

  	
   

  	
  55

  	
   

  
	
  Forest Creek

  	
   

  	
  S143

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S144

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S145

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S146

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S147

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  

 

 S9-9
 

 

Schedule 9

Form of Monthly Rent Roll

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Previous

  Balance

  	
   

  	
  Rent

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Payments

  	
   

  	
  Due To

  	
   

  
	
  Forest Creek

  	
   

  	
  S148

  	
   

  	
  Hartman

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  0

  	
   

  	
  55

  	
   

  
	
  Forest Creek

  	
   

  	
  S149

  	
   

  	
  Terrance

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S150

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S151

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S152

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S153

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S154

  	
   

  	
  Plank

  	
   

  	
  0

  	
   

  	
  (115

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  135

  	
   

  	
  155

  	
   

  	
  (135

  	
  )

  
	
  Forest Creek

  	
   

  	
  S155

  	
   

  	
  Gable

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S156

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S157

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S158

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S159

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S160

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S161

  	
   

  	
  Baskin
  II

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S162

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S163

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S164

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S165

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S166

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S167

  	
   

  	
  Wagner

  	
   

  	
  0

  	
   

  	
  (165

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  0

  	
   

  	
  (110

  	
  )

  
	
  Forest Creek

  	
   

  	
  S168

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S169

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S170

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S171

  	
   

  	
  Lopez

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  40

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S172

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S173

  	
   

  	
  Vida

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S174

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S175

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S176

  	
   

  	
  Derrick

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S177

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S178

  	
   

  	
  Stevens

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S179

  	
   

  	
  Harrington

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S180

  	
   

  	
  Faux

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S181

  	
   

  	
  Gallay

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  81

  	
   

  	
  (1

  	
  )

  
	
  Forest Creek

  	
   

  	
  S182

  	
   

  	
  Snider

  	
   

  	
  0

  	
   

  	
  200

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  0

  	
   

  	
  280

  	
   

  
	
  Forest Creek

  	
   

  	
  S183

  	
   

  	
  Potts

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S200

  	
   

  	
  Maciulski

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S201

  	
   

  	
  Yoder

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S202

  	
   

  	
  Miller

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S203

  	
   

  	
  Rajpari

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S204

  	
   

  	
  Piper

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S205

  	
   

  	
  Maloney

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S206

  	
   

  	
  Burns

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  

 

 S9-10
 

 

Schedule 9

Form of Monthly Rent Roll

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Previous

  Balance

  	
   

  	
  Rent

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Payments

  	
   

  	
  Due To

  	
   

  
	
  Forest Creek

  	
   

  	
  S207

  	
   

  	
  Miner

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S208

  	
   

  	
  Holliday

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S209

  	
   

  	
  LaClair

  	
   

  	
  0

  	
   

  	
  140

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  140

  	
   

  	
  70

  	
   

  
	
  Forest Creek

  	
   

  	
  S210

  	
   

  	
  Mihalache

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S211

  	
   

  	
  Heckaman

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S212

  	
   

  	
  Gross

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  90

  	
   

  	
  30

  	
   

  	
  60

  	
   

  
	
  Forest Creek

  	
   

  	
  S213

  	
   

  	
  Safrit

  	
   

  	
  0

  	
   

  	
  90

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  90

  	
   

  	
  90

  	
   

  	
  90

  	
   

  
	
  Forest Creek

  	
   

  	
  S214

  	
   

  	
  Wise

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  90

  	
   

  	
  0

  	
   

  	
  90

  	
   

  
	
  Forest Creek

  	
   

  	
  S215

  	
   

  	
  Blake

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  0

  	
   

  	
  70

  	
   

  
	
  Forest Creek

  	
   

  	
  S216

  	
   

  	
  RiverPoint

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S217

  	
   

  	
  Colpitts

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  (70

  	
  )

  
	
  Forest Creek

  	
   

  	
  S218

  	
   

  	
  Reed

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  75

  	
   

  	
  55

  	
   

  	
  20

  	
   

  
	
  Forest Creek

  	
   

  	
  S219

  	
   

  	
  Rhodes

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S220

  	
   

  	
  Wilson

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S221

  	
   

  	
  Paul

  	
   

  	
  0

  	
   

  	
  60

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  75

  	
   

  	
  135

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S222

  	
   

  	
  Lartin

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S223

  	
   

  	
  Stark

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  95

  	
   

  	
  95

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S224

  	
   

  	
  Current

  	
   

  	
  0

  	
   

  	
  (55

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S225

  	
   

  	
  Valleau

  	
   

  	
  0

  	
   

  	
  (105

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  0

  	
   

  	
  (50

  	
  )

  
	
  Forest Creek

  	
   

  	
  S226

  	
   

  	
  Taylor

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S227

  	
   

  	
  Scott

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S228

  	
   

  	
  Canen

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S229

  	
   

  	
  Sarver/Tracie
  Spry

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  76

  	
   

  	
  55

  	
   

  	
  21

  	
   

  
	
  Forest Creek

  	
   

  	
  S230

  	
   

  	
  Hoff

  	
   

  	
  0

  	
   

  	
  (111

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  (111

  	
  )

  
	
  Forest Creek

  	
   

  	
  S231

  	
   

  	
  Broussard

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  60

  	
   

  	
  (5

  	
  )

  
	
  Forest Creek

  	
   

  	
  S232

  	
   

  	
  Kauffman

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  110

  	
   

  	
  (10

  	
  )

  
	
  Forest Creek

  	
   

  	
  S233

  	
   

  	
  Grove

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  100

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S234

  	
   

  	
  Miltroka

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  100

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S235

  	
   

  	
  Sheppard

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  100

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S236

  	
   

  	
  McGuire

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  41

  	
   

  	
  41

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S237

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S238

  	
   

  	
  Raney

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S239

  	
   

  	
  Sheppard

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S240

  	
   

  	
  Miltroka

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S241

  	
   

  	
  Grove

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S242

  	
   

  	
  Kauffman

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S243

  	
   

  	
  Smith

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S244

  	
   

  	
  Slabaugh

  	
   

  	
  0

  	
   

  	
  (64

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  64

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S245

  	
   

  	
  Plank

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S246

  	
   

  	
  Luckenbill

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S247

  	
   

  	
  Hickman

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S248

  	
   

  	
  Donaldson

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S249

  	
   

  	
  Hempel

  	
   

  	
  0

  	
   

  	
  35

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  135

  	
   

  

 

 S9-11
 

 

Schedule 9

Form of Monthly Rent Roll

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Previous

  Balance

  	
   

  	
  Rent

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Payments

  	
   

  	
  Due To

  	
   

  
	
  Forest Creek

  	
   

  	
  S250

  	
   

  	
  Hahn

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S251

  	
   

  	
  Davis

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S252

  	
   

  	
  Mayes

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  64

  	
   

  	
  64

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S253

  	
   

  	
  Ottman

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S254

  	
   

  	
  Dunlap
  Dental

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S255

  	
   

  	
  Marcin

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  115

  	
   

  	
  80

  	
   

  	
  35

  	
   

  
	
  Forest Creek

  	
   

  	
  S256

  	
   

  	
  Adkins

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  100

  	
   

  
	
  Forest Creek

  	
   

  	
  S257

  	
   

  	
  Forest
  Creek

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S258

  	
   

  	
  Forest
  Creek

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S259

  	
   

  	
  Ha

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S260

  	
   

  	
  Hickman

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S261

  	
   

  	
  HeartCity
  Health

  	
   

  	
  0

  	
   

  	
  58

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  58

  	
   

  	
  58

  	
   

  	
  58

  	
   

  
	
  Forest Creek

  	
   

  	
  S262

  	
   

  	
  Stevens

  	
   

  	
  0

  	
   

  	
  (30

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  150

  	
   

  	
  (110

  	
  )

  
	
  Forest Creek

  	
   

  	
  S263

  	
   

  	
  Ambrose

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S264

  	
   

  	
  Hossier
  Catering

  	
   

  	
  0

  	
   

  	
  140

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  0

  	
   

  	
  210

  	
   

  
	
  Forest Creek

  	
   

  	
  S265

  	
   

  	
  Cachiguango

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S265

  	
   

  	
  Prahl

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S266

  	
   

  	
  Lenezyeki

  	
   

  	
  0

  	
   

  	
  90

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  90

  	
   

  	
  100

  	
   

  	
  80

  	
   

  
	
  Forest Creek

  	
   

  	
  S267

  	
   

  	
  Roberson

  	
   

  	
  0

  	
   

  	
  340

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  440

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S268

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S269

  	
   

  	
  Treadway

  	
   

  	
  0

  	
   

  	
  (20

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  90

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S270

  	
   

  	
  Turney

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S271

  	
   

  	
  Hestor

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  70

  	
   

  	
  70

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S272

  	
   

  	
  Olaeson

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S273

  	
   

  	
  Reinbach

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  170

  	
   

  	
  0

  	
   

  	
  170

  	
   

  
	
  Forest Creek

  	
   

  	
  S274

  	
   

  	
  Pope

  	
   

  	
  0

  	
   

  	
  90

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  90

  	
   

  	
  0

  	
   

  	
  180

  	
   

  
	
  Forest Creek

  	
   

  	
  S300

  	
   

  	
  Stewart

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S301

  	
   

  	
  Carriage
  House

  	
   

  	
  0

  	
   

  	
  160

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  160

  	
   

  	
  160

  	
   

  	
  160

  	
   

  
	
  Forest Creek

  	
   

  	
  S302

  	
   

  	
  Sledge

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S303

  	
   

  	
  Rickey

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S304

  	
   

  	
  Raney

  	
   

  	
  0

  	
   

  	
  (45

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  170

  	
   

  	
  170

  	
   

  	
  (45

  	
  )

  
	
  Forest Creek

  	
   

  	
  S305

  	
   

  	
  Sweazy

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S306

  	
   

  	
  Brower

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S307

  	
   

  	
  Gross

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  88

  	
   

  	
  136

  	
   

  	
  (48

  	
  )

  
	
  Forest Creek

  	
   

  	
  S308

  	
   

  	
  Hasse

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S309

  	
   

  	
  Carriage
  House

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S310

  	
   

  	
  McGuire

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  100

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S311

  	
   

  	
  Kidd

  	
   

  	
  0

  	
   

  	
  (600

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  (500

  	
  )

  
	
  Forest Creek

  	
   

  	
  S312

  	
   

  	
  Broadmore

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S313

  	
   

  	
  Gresso

  	
   

  	
  0

  	
   

  	
  (10

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  (10

  	
  )

  
	
  Forest Creek

  	
   

  	
  S314

  	
   

  	
  Stilley

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  45

  	
   

  	
  60

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S315

  	
   

  	
  Longbrake

  	
   

  	
  0

  	
   

  	
  (160

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  0

  	
   

  	
  (80

  	
  )

  
	
  Forest Creek

  	
   

  	
  S316

  	
   

  	
  Hooiser Catering

  	
   

  	
  0

  	
   

  	
  160

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  0

  	
   

  	
  240

  	
   

  

 

 S9-12
 

 

Schedule 9

Form of Monthly Rent Roll

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Previous

  Balance

  	
   

  	
  Rent

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Payments

  	
   

  	
  Due To

  	
   

  
	
  Forest Creek

  	
   

  	
  S317

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S318

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S319

  	
   

  	
  DeGraffreed

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  64

  	
   

  	
  79

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S320

  	
   

  	
  Trigg

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S321

  	
   

  	
  Gay

  	
   

  	
  0

  	
   

  	
  180

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  125

  	
   

  	
  215

  	
   

  	
  90

  	
   

  
	
  Forest Creek

  	
   

  	
  S322

  	
   

  	
  Cook

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  50

  	
   

  	
  130

  	
   

  
	
  Forest Creek

  	
   

  	
  S323

  	
   

  	
  Ballowe

  	
   

  	
  0

  	
   

  	
  5

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  90

  	
   

  	
  0

  	
   

  	
  95

  	
   

  
	
  Forest Creek

  	
   

  	
  S324

  	
   

  	
  Brown

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  85

  	
   

  	
  85

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S325

  	
   

  	
  Gerri

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S326

  	
   

  	
  Evans

  	
   

  	
  0

  	
   

  	
  (80

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  (80

  	
  )

  
	
  Forest Creek

  	
   

  	
  S327

  	
   

  	
  Pianowski

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S328

  	
   

  	
  Hamrick

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  80

  	
   

  	
  20

  	
   

  
	
  Forest Creek

  	
   

  	
  S329

  	
   

  	
  Kline
  III

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S330

  	
   

  	
  Anderson
  III

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  118

  	
   

  	
  133

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S331

  	
   

  	
  Rodino

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S332

  	
   

  	
  Potts

  	
   

  	
  0

  	
   

  	
  (20

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  80

  	
   

  
	
  Forest Creek

  	
   

  	
  S333

  	
   

  	
  Lewis

  	
   

  	
  0

  	
   

  	
  370

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  390

  	
   

  	
  80

  	
   

  
	
  Forest Creek

  	
   

  	
  S334

  	
   

  	
  Aguirre

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  56

  	
   

  	
  136

  	
   

  	
  (80

  	
  )

  
	
  Forest Creek

  	
   

  	
  S334

  	
   

  	
  Forest
  Creek

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S335

  	
   

  	
  Gunden

  	
   

  	
  0

  	
   

  	
  180

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  280

  	
   

  	
  (20

  	
  )

  
	
  Forest Creek

  	
   

  	
  S336

  	
   

  	
  Hector
  Gonzalez

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S337

  	
   

  	
  Magner

  	
   

  	
  0

  	
   

  	
  (90

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  0

  	
   

  	
  (50

  	
  )

  
	
  Forest Creek

  	
   

  	
  S338

  	
   

  	
  Bradt

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  160

  	
   

  	
  (80

  	
  )

  
	
  Forest Creek

  	
   

  	
  S339

  	
   

  	
  Becraft

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  0

  	
   

  	
  40

  	
   

  
	
  Forest Creek

  	
   

  	
  S340

  	
   

  	
  Saunders

  	
   

  	
  0

  	
   

  	
  (15

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  40

  	
   

  	
  (15

  	
  )

  
	
  Forest Creek

  	
   

  	
  S341

  	
   

  	
  Stover

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  40

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S342

  	
   

  	
  Jarman

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  46

  	
   

  	
  61

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S343

  	
   

  	
  Worsham

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S344

  	
   

  	
  Elbert

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S345

  	
   

  	
  Holmes

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S346

  	
   

  	
  Kimbrough

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  75

  	
   

  	
  0

  	
   

  	
  75

  	
   

  
	
  Forest Creek

  	
   

  	
  S347

  	
   

  	
  Valenzuela

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  87

  	
   

  	
  12

  	
   

  	
  75

  	
   

  
	
  Forest Creek

  	
   

  	
  S348

  	
   

  	
  Bourdon

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  110

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S349

  	
   

  	
  Knapp

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  75

  	
   

  	
  55

  	
   

  	
  20

  	
   

  
	
  Forest Creek

  	
   

  	
  S350

  	
   

  	
  Brubaker

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S351

  	
   

  	
  Slevens

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S352

  	
   

  	
  Winqurst

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S353

  	
   

  	
  Carris

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S354

  	
   

  	
  Fleming

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  37

  	
   

  	
  92

  	
   

  	
  (55

  	
  )

  
	
  Forest Creek

  	
   

  	
  S355

  	
   

  	
  Smith

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  10

  	
   

  
	
  Forest Creek

  	
   

  	
  S356

  	
   

  	
  Fletcher

  	
   

  	
  0

  	
   

  	
  20

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  20

  	
   

  
	
  Forest Creek

  	
   

  	
  S357

  	
   

  	
  Devora

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S358

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  

 

 S9-13
 

 

Schedule 9

Form of Monthly Rent Roll

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Previous

  Balance

  	
   

  	
  Rent

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Payments

  	
   

  	
  Due To

  	
   

  
	
  Forest Creek

  	
   

  	
  S359

  	
   

  	
  Bryson

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  35

  	
   

  	
  50

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S360

  	
   

  	
  Wilson

  	
   

  	
  0

  	
   

  	
  181

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  181

  	
   

  
	
  Forest Creek

  	
   

  	
  S361

  	
   

  	
  Mauck

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  0

  	
   

  	
  55

  	
   

  
	
  Forest Creek

  	
   

  	
  S362

  	
   

  	
  Hirst

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S363

  	
   

  	
  Clement

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S364

  	
   

  	
  Haynes

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S365

  	
   

  	
  Rogers

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S366

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S367

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S368

  	
   

  	
  Haynes

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  110

  	
   

  	
  110

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S369

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S370

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S371

  	
   

  	
  Harris

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  75

  	
   

  	
  75

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S372

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S373

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S374

  	
   

  	
  Booth
  JR

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  55

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S375

  	
   

  	
  Raney

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S376

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S377

  	
   

  	
  Barker

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  64

  	
   

  	
  68

  	
   

  	
  (4

  	
  )

  
	
  Forest Creek

  	
   

  	
  S378

  	
   

  	
  Emerick

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  80

  	
   

  	
  40

  	
   

  
	
  Forest Creek

  	
   

  	
  S379

  	
   

  	
  Dinger

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  40

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S380

  	
   

  	
  Cunningham

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  63

  	
   

  	
  76

  	
   

  	
  2

  	
   

  
	
  Forest Creek

  	
   

  	
  S381

  	
   

  	
  Zamudio

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  40

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S382

  	
   

  	
  Bare

  	
   

  	
  0

  	
   

  	
  (440

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  0

  	
   

  	
  (400

  	
  )

  
	
  Forest Creek

  	
   

  	
  S400

  	
   

  	
  Brodhead

  	
   

  	
  0

  	
   

  	
  (195

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  40

  	
   

  	
  (195

  	
  )

  
	
  Forest Creek

  	
   

  	
  S401

  	
   

  	
  Larkin

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  40

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S402

  	
   

  	
  Strong

  	
   

  	
  0

  	
   

  	
  135

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  0

  	
   

  	
  175

  	
   

  
	
  Forest Creek

  	
   

  	
  S403

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S404

  	
   

  	
  Ferrebee

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  40

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S405

  	
   

  	
  Gunts

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S406

  	
   

  	
  Lewis

  	
   

  	
  0

  	
   

  	
  474

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  474

  	
   

  	
  100

  	
   

  
	
  Forest Creek

  	
   

  	
  S407

  	
   

  	
  Alley
  oops

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S408

  	
   

  	
  Alley
  Oops Diner

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  200

  	
   

  	
  200

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S409

  	
   

  	
  Forest
  Creek

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S410

  	
   

  	
  Forest
  Creek

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S411

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S412

  	
   

  	
  Hollingsworth, Sr.

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S413

  	
   

  	
  Davidhizar

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  100

  	
   

  
	
  Forest Creek

  	
   

  	
  S414

  	
   

  	
  Felder

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  130

  	
   

  	
  130

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S415

  	
   

  	
  felder

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S416

  	
   

  	
  Null

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  80

  	
   

  	
  80

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S417

  	
   

  	
  Payton

  	
   

  	
  0

  	
   

  	
  (80

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  20

  	
   

  
	
  Forest Creek

  	
   

  	
  S418

  	
   

  	
  Yeater

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  100

  	
   

  	
  0

  	
   

  

 

 S9-14
 

 

Schedule 9

Form of Monthly Rent Roll

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Previous

  Balance

  	
   

  	
  Rent

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Payments

  	
   

  	
  Due To

  	
   

  
	
  Forest Creek

  	
   

  	
  S419

  	
   

  	
  Davidhizer

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  100

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S420

  	
   

  	
  Brown

  	
   

  	
  0

  	
   

  	
  (220

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  (120

  	
  )

  
	
  Forest Creek

  	
   

  	
  S421

  	
   

  	
  Moody

  	
   

  	
  0

  	
   

  	
  (238

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  94

  	
   

  	
  0

  	
   

  	
  (144

  	
  )

  
	
  Forest Creek

  	
   

  	
  S422

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S423

  	
   

  	
  Reinbach

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S424

  	
   

  	
  Evans

  	
   

  	
  0

  	
   

  	
  (500

  	
  )

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  (400

  	
  )

  
	
  Forest Creek

  	
   

  	
  S425

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S426

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S427

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S428

  	
   

  	
  Davis

  	
   

  	
  0

  	
   

  	
  20

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  120

  	
   

  
	
  Forest Creek

  	
   

  	
  S429

  	
   

  	
  Nelson

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  100

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S430

  	
   

  	
  Taylor

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  120

  	
   

  	
  0

  	
   

  	
  120

  	
   

  
	
  Forest Creek

  	
   

  	
  S431

  	
   

  	
  Gunts

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  140

  	
   

  	
  140

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S432

  	
   

  	
  Calhoun

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  100

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S433

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S434

  	
   

  	
  Hostetler

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  100

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S435

  	
   

  	
  VACANT

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S436

  	
   

  	
  Diebold
  Incorporated

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  1,200

  	
   

  	
  (1,200

  	
  )

  
	
  Forest Creek

  	
   

  	
  S437

  	
   

  	
  Frick

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  67

  	
   

  	
  82

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S438

  	
   

  	
  Ulrich

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  100

  	
   

  	
  100

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S439

  	
   

  	
  Wallin

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S440

  	
   

  	
  Haines

  	
   

  	
  0

  	
   

  	
  35

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  75

  	
   

  	
  55

  	
   

  	
  55

  	
   

  
	
  Forest Creek

  	
   

  	
  S441

  	
   

  	
  Haines

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  
	
  Forest Creek

  	
   

  	
  S442

  	
   

  	
  Mohammedain

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  16

  	
   

  	
  56

  	
   

  	
  (25

  	
  )

  
	
  Forest Creek

  	
   

  	
  S443

  	
   

  	
  Fordyce

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  49

  	
   

  	
  65

  	
   

  	
  (1

  	
  )

  
	
  Forest Creek

  	
   

  	
  S444

  	
   

  	
  Alston

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  60

  	
   

  	
  0

  	
   

  	
  100

  	
   

  

 

 S9-15
 

 

Schedule 9

Form of Master Lease Deposits

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Lot
  Rent /

  Master

  Lease

  Deposits

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Due
  To

  
	
  Forest Creek 5719

  	
   

  	
  010R

  	
   

  	
  Miller

  	
   

  	
  0

  	
   

  	
  334

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  386

  	
   

  	
  0

  	
   

  	
  40

  	
   

  	
  386

  
	
  Forest Creek 5719

  	
   

  	
  011R

  	
   

  	
  Miller

  	
   

  	
  0

  	
   

  	
  334

  	
   

  	
  11

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  310

  	
   

  	
  0

  	
   

  	
  193

  	
   

  	
  538

  
	
  Forest Creek 5719

  	
   

  	
  012R

  	
   

  	
  Llamas

  	
   

  	
  0

  	
   

  	
  334

  	
   

  	
  16

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  301

  	
   

  	
  0

  	
   

  	
  187

  	
   

  	
  536

  
	
  Forest Creek 5719

  	
   

  	
  017R

  	
   

  	
  Campos

  	
   

  	
  750

  	
   

  	
  470

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  530

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  1,220

  
	
  Forest Creek 5719

  	
   

  	
  021R

  	
   

  	
  Espejel &
  Jessica Magallan

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  400

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  365

  
	
  Forest Creek 5719

  	
   

  	
  022R

  	
   

  	
  Love

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  400

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  362

  
	
  Forest Creek 5719

  	
   

  	
  023R

  	
   

  	
  Lynch

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  13

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  400

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  363

  
	
  Forest Creek 5719

  	
   

  	
  033R

  	
   

  	
  Wyatt

  	
   

  	
  0

  	
   

  	
  344

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  360

  	
   

  	
  0

  	
   

  	
  103

  	
   

  	
  457

  
	
  Forest Creek 5719

  	
   

  	
  034R

  	
   

  	
  Fields

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  16

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  353

  
	
  Forest Creek 5719

  	
   

  	
  037R

  	
   

  	
  McClure

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  351

  
	
  Forest Creek 5719

  	
   

  	
  044R

  	
   

  	
  Ibarra

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  13

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  350

  
	
  Forest Creek 5719

  	
   

  	
  045R

  	
   

  	
  VACANT

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  0

  	
   

  	
   

  
	
  Forest Creek 5719

  	
   

  	
  049R

  	
   

  	
  Garner

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  32

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  369

  
	
  Forest Creek 5719

  	
   

  	
  050R

  	
   

  	
  Alkhafaji

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  12

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  349

  
	
  Forest Creek 5719

  	
   

  	
  052R

  	
   

  	
  Stepp

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  351

  
	
  Forest Creek 5719

  	
   

  	
  053R

  	
   

  	
  Harwell & Scott
  Slusher

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  13

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  344

  	
   

  	
  0

  	
   

  	
  8

  	
   

  	
  357

  
	
  Forest Creek 5719

  	
   

  	
  054R

  	
   

  	
  Scheretie

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  352

  
	
  Forest Creek 5719

  	
   

  	
  056R

  	
   

  	
  Banter

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  17

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  354

  
	
  Forest Creek 5719

  	
   

  	
  058R

  	
   

  	
  Guider

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  352

  
	
  Forest Creek 5719

  	
   

  	
  059R

  	
   

  	
  Cuevas & Diana
  Olivencia

  	
   

  	
  0

  	
   

  	
  316

  	
   

  	
  14

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  251

  	
   

  	
  0

  	
   

  	
  154

  	
   

  	
  484

  
	
  Forest Creek 5719

  	
   

  	
  060R

  	
   

  	
  Rabe

  	
   

  	
  0

  	
   

  	
  393

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  482

  	
   

  	
  0

  	
   

  	
  999

  	
   

  	
  1,392

  
	
  Forest Creek 5719

  	
   

  	
  072R

  	
   

  	
  Evans &
  Anderson

  	
   

  	
  0

  	
   

  	
  1,093

  	
   

  	
  11

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  1,104

  
	
  Forest Creek 5719

  	
   

  	
  073R

  	
   

  	
  VACANT

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  0

  	
   

  	
   

  
	
  Forest Creek 5719

  	
   

  	
  074R

  	
   

  	
  Sharp

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  362

  
	
  Forest Creek 5719

  	
   

  	
  077R

  	
   

  	
  Sharon

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  23

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  360

  
	
  Forest Creek 5719

  	
   

  	
  078R

  	
   

  	
  Calderon, Natividad
  Sanchez

  	
   

  	
  0

  	
   

  	
  319

  	
   

  	
  29

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  414

  	
   

  	
  0

  	
   

  	
  33

  	
   

  	
  381

  
	
  Forest Creek 5719

  	
   

  	
  091R

  	
   

  	
  Riley & Brandi
  Emmendorfer

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  
	
  Forest Creek 5719

  	
   

  	
  094R

  	
   

  	
  Walters

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  13

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  350

  
	
  Forest Creek 5719

  	
   

  	
  096R

  	
   

  	
  Null, Rebecca Ride

  	
   

  	
  0

  	
   

  	
  319

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  403

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  385

  
	
  Forest Creek 5719

  	
   

  	
  097R

  	
   

  	
  Moore

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  347

  
	
  Forest Creek 5719

  	
   

  	
  105R

  	
   

  	
  Gill

  	
   

  	
  0

  	
   

  	
  319

  	
   

  	
  22

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  350

  	
   

  	
  0

  	
   

  	
  162

  	
   

  	
  502

  
	
  Forest Creek 5719

  	
   

  	
  107R

  	
   

  	
  GreenTree Finance
  Servicing Corp.

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  347

  
	
  Forest Creek 5719

  	
   

  	
  110R

  	
   

  	
  Gonzales

  	
   

  	
  0

  	
   

  	
  319

  	
   

  	
  11

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  278

  	
   

  	
  0

  	
   

  	
  171

  	
   

  	
  502

  
	
  Forest Creek 5719

  	
   

  	
  111R

  	
   

  	
  Jones

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  363

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  352

  
	
  Forest Creek 5719

  	
   

  	
  124R

  	
   

  	
  Holmes &
  Bartiscia Holmes

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  11

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  55

  	
   

  	
  403

  
	
  Forest Creek 5719

  	
   

  	
  125R

  	
   

  	
  Papoi

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  11

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  313

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  348

  
	
  Forest Creek 5719

  	
   

  	
  135R

  	
   

  	
  VACANT

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  0

  	
   

  	
   

  
	
  Forest Creek 5719

  	
   

  	
  136R

  	
   

  	
  Kramer

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  347

  
	
  Forest Creek 5719

  	
   

  	
  137R

  	
   

  	
  Romero, Maria Morgan

  	
   

  	
  0

  	
   

  	
  319

  	
   

  	
  15

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  217

  	
   

  	
  0

  	
   

  	
  131

  	
   

  	
  465

  
	
  Forest Creek 5719

  	
   

  	
  141R

  	
   

  	
  Garcia

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  357

  
	
  Forest Creek 5719

  	
   

  	
  142R

  	
   

  	
  Pratcher

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  19

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  431

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  356

  
	
  Forest Creek 5719

  	
   

  	
  145R

  	
   

  	
  Moreno

  	
   

  	
  0

  	
   

  	
  319

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  382

  	
   

  	
  0

  	
   

  	
  98

  	
   

  	
  427

  

 

 S9-16
 

 

Schedule 9

Form of Master Lease Deposits

**The numbers provided below are for EXAMPLE PURPOSES
ONLY and in no way reflect actual numbers**

	
  Location

  	
   

  	
   

  	
   

  	
  Unit

  	
   

  	
  Tenant

  	
   

  	
  Security

  Deposit

  	
   

  	
  Lot
  Rent /

  Master

  Lease

  Deposits

  	
   

  	
  Water

  Sewer

  	
   

  	
  Gas

  Electric

  	
   

  	
  Trash

  	
   

  	
  MHrent

  	
   

  	
  Notes

  Amount

  	
   

  	
  Other

  Charges

  	
   

  	
  Due
  To

  
	
  Forest Creek 5719

  	
   

  	
  150R

  	
   

  	
  Baer

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  20

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  357

  
	
  Forest Creek 5719

  	
   

  	
  156R

  	
   

  	
  Smith

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  16

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  192

  	
   

  	
  0

  	
   

  	
  186

  	
   

  	
  539

  
	
  Forest Creek 5719

  	
   

  	
  157R

  	
   

  	
  Gatlin

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  20

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  357

  
	
  Forest Creek 5719

  	
   

  	
  165R

  	
   

  	
  Hines

  	
   

  	
  0

  	
   

  	
  337

  	
   

  	
  10

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  413

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  347

  

 

 S9-17

 

SCHEDULE 10

Form of Standard Lease

 

 S10-1

 

 

______________________________ MANUFACTURED HOME
COMMUNITY LEASE AGREEMENT

THIS LEASE
AGREEMENT (“Lease”) is entered into this ___ day of __________________, 20___
(the “Effective Date”) by and between ARC ___________________ d/b/a
________________________MHC (“Owner”) whose address is
_________________________________________ (“Community Address”) and
___________________________________________________________________, (“Resident(s)”).

1.             DESCRIPTION
OF PREMISES

Owner, as
landlord, agrees to lease to Resident, and Resident, as tenant, agrees to lease
from Owner, the following described homesite (the “Premises”) in
_______________________ MHC (the “Community”):

Homesite
Number: ____________________________________

Street
Address: _______________________________________

City/State/Zip:
_______________________________________

2.             TERM

The “Primary Term” of this Lease will commence on the “Possession Date”
(as hereinafter defined) and will end at midnight on the last day of the first
full calendar month thereafter, for a Primary Term of 1 month, unless a longer
period is required by State law in which case the Primary Term shall be the
shortest term permitted by law. Upon expiration of the Primary Term of
this Lease, all other terms and conditions of this Lease shall remain in effect
and such tenancy shall be converted to a month-to-month tenancy.

3.             RENT

a.             Resident agrees to pay $______ per month as rent (“Base
Rent”) to Owner. Such Base Rent is due and payable monthly, without notice, in
advance, on or before the 1st day of each month after commencement of this
Lease until terminated. Resident is taking possession of the Premises on the __
day of ___________, 20__, (“Possession Date”). Prorated Base Rent for that
month is $______. Thereafter, the monthly Base Rent stated above will begin.
Payments shall be made to the Community manager’s office or other place
designated by Owner in writing. When made, payments will first be applied to
past due amounts for deposits, rental obligations, utilities and other fees, with
the balance, if any, to be applied to current obligations in like order.

b.             Resident agrees to pay an incidental, reasonable
bookkeeping/collection charge in the amount of $35.00 for each month that Base
Rent, fees, or other charges due under this Lease are paid more than 5 days
after the due date. Resident also agrees to pay $2.50 per day as a late charge
for every day that Base Rent, fees, or other charges are not paid after the 6th day of the month. Resident further agrees to
pay $25.00 for each dishonored/returned check that Resident presents to Owner. Base Rent, fees and other charges are to be paid by check or money
order; cash will not be accepted. In the event that two or more
checks submitted by Resident are returned for insufficient funds, Resident
shall be required to make all future payments by money order, cashier’s check,
or certified funds only. Base Rent, fees and other
charges shall be considered paid when received by Owner at the location
designated by Owner and not when deposited in the U.S. Mail.

 _________  _________ Resident Initial
 Page 1 of 10
 

 

 

c.             After
the Primary Term of this Lease, Owner may increase or decrease the Base Rent or
other charges upon 30 days prior written notice.

4.             SECURITY
DEPOSIT

Resident agrees to
pay $______ on or before ______________, 20___, which shall be held by Owner as
a security deposit. Owner may deposit the security deposit into an interest
bearing account (unless prohibited) and will be entitled to the interest earned
thereon. No part of the
Security Deposit shall be refunded unless Resident provides not less than 30
days prior written notice of surrender of the Premises.
Following the termination of this Lease, the surrender and inspection of the
Premises and the delivery of written notice of Resident’s forwarding address,
all as required by applicable law, the security deposit (or any portion thereof
remaining after Owner has applied the security deposit as allowed by this Lease
and applicable law) shall be returned to Resident and/or a written accounting
made therefor listing the reasons for the retention of any portion of the
security deposit. The security deposit may be used by Owner to pay for damage
other than reasonable wear and tear to the Premises, the lawn or other
improvements or for damage other than reasonable wear and tear caused by Resident
or Resident’s agents or invitees to the streets, sidewalks, community center,
pool and other common areas of the Community. Owner may also use the security
deposit as compensation for unpaid Base Rent, utilities, sewer charges, late
fees, other charges, cleanup costs and damages of any nature sustained because
of breach by Resident of any of the terms of this Lease, including the
covenants and conditions to be kept and performed hereunder by Resident and for
any other purpose permitted under applicable law.

5.             INSTALLATION

Resident agrees to
the following restrictions and conditions of installation of a home on the
Premises:

a.             Set-up. Resident, at Resident’s sole cost and
expense, must place on the Premises a manufactured home owned by Resident (the “Home”)
which is no less than 14 feet wide and otherwise in compliance with city,
county, State, federal or HUD guidelines and requirements. The Home must be
positioned and set on the Premises in accordance with local ordinances and
codes and at the location specified by Owner’s representative at the time the
Home arrives at the Premises. The Home must be double blocked. All wheels and
the hitch must be removed, and the Resident’s Home must be set up and tied down
in accordance with applicable city, county, State or federal laws, ordinances
or requirements. All utility hook-ups must be performed by Resident or a
designated agent in accordance with applicable ordinances or guidelines and
must be performed by a properly licensed professional.

b.             Utility Lines. The main water line must be
attached to the water riser on the Premises on the date of occupancy. Resident
agrees to wrap all water lines with operating electric heat tape as soon as the
Home is set and water is turned on. Resident shall maintain operating electric
heat tape thereon at all times thereafter. A back check valve must be installed
on the water line to all water heaters. Resident shall be responsible for those
portions of the water riser and meter that are above ground. Resident will be
responsible for those portions of the sewer riser, natural gas/propane riser
and electrical riser that connect the service to the Home. Resident will
promptly pay for all repairs or service thereto, whether ordered by Resident or
Owner, unless such repairs or service were made necessary by Owner’s negligent
act or omission. If Resident fails to timely make any of the repairs described
above, Owner shall have the right (but not the obligation) to perform such
repairs and Resident shall immediately reimburse to Owner the cost of such
repairs.

 _________  _________ Resident Initial
 Page 2 of 10
 

 

 

c.             Steps. Within 30 days after the Home is placed on
the Premises, Resident agrees to install custom steps acceptable to Owner to
the front door of the Home. Steps must have a minimum deck dimension of 4’ x 4’
and must be constructed of 2” x 4” or 2” x 6” materials only. All steps must be
equipped with sturdy hand rails and balusters (balusters on 5” centers) unless
otherwise set forth in the applicable building code. The underside of the steps
must be enclosed with vinyl skirting that matches the Home. Steps that are
larger than the standards set here must be approved in writing by Owner before
construction begins.

d.             Skirting. Within 30 days after the Home is placed
on the Premises, Resident agrees to install a prefabricated vinyl skirting
around the entire exterior surface of the Home.

e.             Carports, Storage Sheds and other Outside Structures.
Carports, storage sheds and any other additions or structures on the Premises
must be approved in writing by Owner before construction begins. Owner reserves
the right to reject any structure on the Premises for any reason. Structures
must be painted to match or complement the Home.

f.              Installation or Removal Damage. Any damage to
the driveway or any other portion of the Premises or the Community caused by
installation or removal of the Home or its improvements not repaired to Owner’s
satisfaction may be charged to Resident and will be due and payable within 30
days of receipt of notice by Resident.

g.             Fences. Fences, walls, screens, hedges or other
material serving as a fence shall only be erected subject to Owner’s approval
and in accordance with the Standards for Community Living (“Standards”), as may
be amended from time to time.

h.                                        Antennas.
Resident is not permitted to install antennas or other reception devices that
extend higher than 12 feet above a roofline or satellite dishes of any type
larger than 39 inches in diameter, without written permission from Owner.
Installation locations for all outdoor antennas or dishes must be done at the rear
one-third (1/3rd) of
the Home. No digging or other installation, other than directly on the Home,
may occur without Owner’s prior written approval.

i.              Landscaping. All landscaping projects require
written approval of Owner prior to commencement.

j.              Paint. Paint on the Home, skirting and other
structures must be properly maintained. Peeling or weathered paint is not
allowed. Painting schemes and colors shall meet with Owner’s approval.

Any exception to these
written installation requirements must be approved in writing, in advance, by
Owner.

6.             USE

Resident agrees to
the following restrictions and conditions of use of the Premises:

a.             Residential Use and Occupancy. The Premises shall
be used only by the undersigned Resident and only for residential purposes.
Occupancy of the Home will be restricted to no more than 2 persons per bedroom
except by prior written consent of Owner. No commercial or business activity or
enterprise shall be conducted by Resident on the Premises or in the Community.
Any person 18 years of age or older living on the Premises for more than 30
days, consecutive or not, 

 _________  _________ Resident Initial
 Page 3 of 10
 

 

within one calendar year
must be approved as a resident and must agree to be bound by the terms of this
Lease, and must be a Resident under this Lease.

b.             Governmental and Private Regulations. Resident
shall occupy and use the Premises in compliance with all federal, State, and
local statutes, ordinances, rules and regulations and shall further comply
with all reasonable rules and regulations of Owner whenever promulgated.
Any criminal activity conducted by Resident or their agents, guests or
occupants on the Premises or in the Community will be grounds for immediate
eviction.

c.             Mutual Enjoyment. Resident shall not interfere
with any other residents’ lawful and proper use and enjoyment of the Community
or any part thereof, including common areas and other manufactured home sites.
Resident shall not permit the operation of audio/visual appliances (such as
radios, stereos, or televisions), the playing of musical instruments, or making
of any other sounds or noises at levels loud enough to be heard by residents on
adjoining manufactured home sites. Resident shall not disturb or annoy any
other persons in the Community.

d.             Resident Data Sheet. Resident agrees to provide
Owner with a completed annual Resident Data Sheet at least annually, or as
often as necessary to keep all information therein current, in a form
acceptable to Owner.

e.             Pets. Pets are not allowed unless approved by and
registered with Owner. Resident agrees to comply strictly with all pet rules outlined
in the Standards.

f.              Speed Limits. Resident and guests will comply
with the posted speed limit while in the Community or, where none is posted,
will comply with a 15 mph speed limit. Resident and guests will otherwise drive
in a safe manner and in accordance with posted traffic signs.

g.             Common Facilities. The common facilities are for
the mutual use and enjoyment of all Community residents and their guests when
accompanied by a Community resident. Use of the common facilities, i.e.,
playground, park, pool, and mail area, will be at Resident’s own risk. If
Resident’s family, invitees or guests use the common facilities, they shall do
so at their own risk, and Resident shall hold Owner (as hereinafter defined)
harmless with respect to such use. Owner will not provide supervisory personnel
at any time. Resident, invitees and guests must abide by any rules and
hours posted in the applicable areas.

h.             Automobiles. Resident agrees that all
vehicles, either owned by, leased to or in the custodial care of Resident shall
be duly registered, licensed, insured and operable
at all times. Vehicles in excess of a 3⁄4 ton designation are not
allowed in the Community unless authorized in writing by Owner. Resident agrees
to all terms and conditions specified in the following paragraph regarding
parking and/or disposition of vehicles.

i.              Parking. Any vehicle, regardless of its parking
location, that does not meet the conditions of the preceding paragraph will be
deemed to be parked illegally on private property. Subject to local ordinances,
these vehicles may be towed without notice. The disposition of the towed
vehicles is the sole responsibility of the registered vehicle owner. Owner (as
hereinafter defined) shall not be held responsible for the disposition of or
damage to a towed vehicle. If any vehicle belonging to Resident is parked in
another resident’s space, Resident is subject to being asked to move the
vehicle to an appropriate space. Failure to move upon verbal or written request
may result in the vehicle being 

 _________  _________ Resident Initial
 Page 4 of 10
 

 

towed. The terms and
conditions of this paragraph shall also apply to non-motorized vehicles such as
personal trailers, removable truck-mounted campers and bicycles, as well as
objects and/or structures placed in parking spaces. Resident shall only park
automobiles and/or motorcycles in Resident’s parking spaces. Anything other
than these vehicles (e.g. boats, jet-skis, snowmobiles, etc.) will be deemed to
be parked illegally and, subject to local ordinances, may be towed without
notice.

j.              Assignment or Sublet. Resident shall not sublet
any part of the Premises or assign this Lease without the advanced written
consent of Owner, which consent may be withheld, delayed or denied by Owner in
its reasonable discretion. Resident is not permitted to allow any other person
to occupy the Premises except for their minor children and occasional guests.
Any approved sublessee is not permitted to sublease or allow any other person
to occupy the Premises except for occasional guests. Owner shall have the
right, at its sole discretion, to own and rent homes to approved residents.

k.             Sale or Transfer of the
Home. Resident agrees that if title or use of the Home is sold or
otherwise transferred, the sale or transfer agreement shall provide for
delivery of the Home to the buyer or transferee at some place other than the
Premises unless (1) the buyer or transferee applies for and is approved,
in writing, as a resident in the Community, (2) the buyer or transferee
signs a lease for the Premises, and (3) written approval of Owner to keep
the Home in the Community is obtained in advance. Homes will not be allowed
to remain in the Community after a sale unless the Home was built according to
the standards and regulations established under the National Manufactured
Housing Construction and Safety Act (42 U.S.C. & 5401, et seq.) (the “HUD
Code”) or, in the written opinion of a state-licensed engineer, the Home
complies with the HUD Code.

7.             MAINTENANCE

a.             Appearance. Resident must keep the Premises and
the Home neat and orderly at all times. If Resident fails to keep the lawn
properly mowed, weeded, maintained and watered, Owner may do so at Resident’s
expense. Failure to properly maintain the Premises or to water or mow the lawn
shall be considered a material breach of this Lease. Additionally, Resident
shall not allow items of clutter to exist on the Premises. All items, including
children’s toys and play items, lawn furniture, barbecue grills and the like,
must be stored in a neat and orderly manner.

b.             Trash. Resident shall not permit or allow any
rubbish, waste materials and/or other items of disposable condition to
accumulate upon the Premises. Resident shall maintain the Premises in a
reasonably clean and sanitary condition at all times. Resident, in agreeing to
the terms and conditions of this paragraph, agrees to those terms, conditions,
charges and/or fees that may be imposed for trash removal. Resident shall not
dispose of hazardous waste in trash receptacles or anywhere on the Premises or in
the Community.

c.             Utilities and Repairs. Resident shall be solely
responsible for utility charges as set forth in Addendum A, attached hereto. At
Owner’s sole election, Owner may determine that it will not charge Resident for
one or more of these items; provided, however, that if Owner determines that it
will not charge Resident for any such item, Owner may begin charging for that
item upon 30 days written notice to Resident. Owner shall not be liable for any
damages for failure of utilities or services occasioned by strikes, breakage of
equipment, failure of source of supply, acts of God or by any acts or causes
beyond the immediate control of Owner. Resident is aware that the Premises is
(or upon 30 days prior written notice by Owner to Resident may be) submetered
for various utilities, 

 _________  _________ Resident Initial
 Page 5 of 10
 

 

and statements may be
issued on the basis of use as measured by the submeter. If the Community is
submetered, any concerns relating to consumption noted on Resident’s monthly
bill and the accuracy of the submetering should be directed to Owner. Utility
charges shall be due and payable at the same time as rent shall be due and
payable, unless noted otherwise on the statement. A penalty of 5% will be
assessed on any delinquent utility payment. Additionally, Owner may charge reasonable
administrative fees and expenses to Resident.

d.             Planting and Digging. Due to the numerous utility
lines located on the Premises, Resident shall not dig holes, drive poles into
the ground, or cultivate the soil, or allow others to do so, without the
express written consent of Owner. Resident shall be fully liable and
responsible for any harm caused by violation of this paragraph and shall hold
Owner harmless therefrom. Resident shall only hire contractors who are licensed
to perform the intended work and insured for the amounts and for the
liabilities as is reasonable and customary in their trade or business.

e.             Repairs or Emergencies.
Resident agrees to notify Owner immediately of any defective condition of the
Premises or the Community.

8.             ENTRY

Resident agrees
that, to the fullest extent allowed by law, at all reasonable times during the
term of this Lease, Owner or its agents may enter the Premises for purposes of
inspection, cleaning, repairs, posting of notices or delivery of statements. In
case of an emergency perceived to threaten persons, the environment, or
property, Owner may (but is not obligated to) enter the Premises at any time,
with or without notice, in Owner’s sole discretion, to mitigate the situation.
Resident agrees not to hold Owner (as hereinafter defined) responsible for any
acts performed by Owner while acting in such emergency capacity.

9.             TERMINATION

a.              Termination at Conclusion of Primary Term. At
the date of its expiration, the Primary Term shall automatically convert to a
month-to-month tenancy, upon the same terms and conditions contained in this
Lease, unless either Owner or Resident provides the other with prior written
notice of intent to terminate the tenancy at the conclusion of the Primary
Term, which notice shall be received no later than 30 days prior to the end of
the Primary Term. Termination shall not be effective until the end of the
Primary Term.

b.             Termination of Month-to-Month Tenancy. Once the
Primary Term has expired and the tenancy has converted to a month-to-month
tenancy or the shortest tenancy provided by State law, Owner or Resident may
terminate the month-to-month tenancy by providing the other with 30 days prior
written notice of intent to terminate the tenancy, except that not more than 15
days written notice by Resident shall be necessary to terminate any such
tenancy where Resident is in the military service of the United States and
termination of the tenancy is necessitated by military orders. Termination
shall be effective as of the last day of the month in which the 30th/15th day of the notice period falls. Base
Rent will not be prorated for partial months.

c.             Termination for Cause or Default.
Notwithstanding anything contained in this Lease to the contrary, Resident
agrees to abide strictly by all covenants and conditions herein made and any
violation shall be construed as a material breach of this Lease. In the event
of such breach, this Lease may be terminated by Owner, at its election. Upon
such termination, Owner may take possession by court order.

 _________  _________ Resident Initial
 Page 6 of 10
 

 

10.           RETURN OF PREMISES

Resident agrees to refrain from causing damage to the
Premises and to return the Premises at the expiration or prior to termination
of this Lease in the same or better condition as when received, reasonable and
ordinary wear excepted.

11.           NON-WAIVER

Except to the extent that Owner may have otherwise
agreed in writing, no waiver by Owner of any of its rights or any breach by
Resident of any of the obligations, agreements or covenants hereunder shall be
deemed to be a waiver of any subsequent right or breach of the same or any
other covenants hereunder agreements or obligations. No forbearance by Owner to
seek a remedy for any breach by Resident, nor any receipt by Owner of rent with
knowledge of the breach of any terms, covenants or conditions hereof, shall be
deemed a waiver by Owner of its rights or remedies with respect to such breach
or to subsequent breaches.

12.           OWNER’S CUMULATIVE RIGHTS

No right or remedy
conferred upon or reserved to Owner is intended to be exclusive of any other
right or remedy. Each and every right and remedy shall be cumulative and in
addition to any other right and/or remedy set forth in this Lease, or now or
hereafter existing at law or in equity or by statute.

13.           ABANDONMENT

The Premises shall
be deemed abandoned if Resident has failed to pay or offer to pay rent as
provided herein and if Owner, in its reasonable judgment, determines that
Resident has surrendered the Premises. To the greatest extent permitted by law,
Resident shall indemnify, defend and hold Owner (as hereinafter defined)
harmless from any resulting damage suffered by Resident or any other party as a
result of such abandonment. Resident shall provide Owner with written notice of
any absence from the Premises of more than 7 days.

14.           INJUNCTION

In addition to all
other remedies provided in this Lease or existing at law, Owner shall be
entitled to restrain by injunction or temporary restraining order the actual,
attempted or threatened violation, of any of the terms, covenants, conditions
or provisions of this Lease. Upon enforcement of this Lease in a court of law,
both Owner and Resident hereby waive their right to a trial by jury.

15.           ATTORNEYS’ FEES

To the extent
allowed by applicable State law, attorneys’ fees, costs and reasonable expenses
incurred by Owner by reason of a default by Resident, or in obtaining
compliance with requirements of this Lease, shall constitute additional sums to
be paid by Resident, payable on demand. In the event of litigation or
arbitration arising under this Lease, the prevailing party shall be entitled to
reasonable attorneys’ fees and costs of the litigation or arbitration, to the
extent allowed by applicable State law. This Lease is binding upon and shall
inure to the benefit of the successors, assigns, heirs, executors and
administrators of Owner and Resident, to the extent herein permitted.

 _________  _________ Resident Initial
 Page 7 of 10
 

 

16.           NOTICES

The person
authorized to act for and on behalf of Owner for the purpose of receipt of
notices and demands is the Community Manager, whose address is the
Community Address first listed at the beginning of this Lease.

Owner may give all
required notices to Resident by (a) personal delivery, (b) posting on
the main entrance of the Home, or (c) depositing same in the U.S. Mail,
addressed to Resident, unless otherwise directed by law. Resident shall give
all notices to Owner by (a) personal delivery or (b) depositing the
same in the U.S. Mail, addressed to Owner at the address designated for the
purpose of receipt of notices and demands. Every notice to terminate tenancy
must be in writing, must state the homesite number, the date of termination and
must be signed by the party terminating the tenancy. Resident
must give Owner written notice at least 30 days before vacating the Premises or
pay an additional month’s Base Rent, unless otherwise provided herein.
In the event of non-payment of rent, Owner will give Resident such notice as
may be required by law, to pay rent or vacate.

The person
authorized to act for and on behalf of Owner for the purpose of service of
process is Corporation Service Company, whose address is
____________________________________________.

Owner’s corporate address is East Belleview Avenue, Suite 200,
Englewood, CO 80111. The management company for the Community is ARC Management
Services, Inc. whose address is East Belleview Avenue, Suite 200,
Englewood, CO 80111. This information may be amended upon written notice to
Resident.

17.           RULES AND REGULATIONS

All Standards for
Community Living of the Community (also referred to herein as Standards) are
incorporated as additional terms and conditions of this Lease. Standards are
adopted to control the use of the common facilities of the Community and the
peaceful and quiet enjoyment of all residents therein. Resident hereby agrees
that Owner (as hereinafter defined) shall not be liable to any party, including
Resident, for violation of any Standards, or breach of any provision of any
lease or other form of contract by Resident, another resident and/or any other
party in the Community. By signing this Lease, Resident acknowledges receipt of
a copy of the current Standards. Resident agrees to comply with the Standards
as adopted and as may be amended from time to time, without further consent of
Resident. The Standards are designed to be reasonable and in the best interests
of all Community residents. Copies of all current Standards will be posted,
delivered and/or available to Resident in the manager’s office in the Community
during normal working hours. Owner may terminate this Lease should Resident
violate any of the Standards.

18.           LIABILITY

Subject to any
other limitations under applicable State law, Owner (as hereinafter defined)
shall not be liable to Resident or Resident’s invitees, guests, family,
employees, agents, servants, or other occupants of the Premises for any
personal injuries, deaths, or damage to property caused by defects, disrepair
or faulty construction of the Premises. Except as proscribed by State law,
Resident shall indemnify, defend and hold Owner (as hereinafter defined) harmless
from and against any and all claims for damages to the Premises or other
property or personal injury or death arising from Resident’s use or occupancy
of the Premises or from any activity, work or thing done, permitted or suffered
by Resident in or about the Premises unless the same arise solely by Owner’s
gross negligence or willful misconduct. Owner (as hereinafter defined) shall
not be liable for personal injuries, death, property damage, or loss from
theft, vandalism, fire, water, tornado, floods, rain, explosion, or other
causes whatsoever unless the same is caused solely by the gross negligence or
willful misconduct of Owner.

 _________  _________ Resident Initial
 Page 8 of 10
 

 

19.           RESIDENT INSURANCE

Resident
acknowledges that Owner’s insurance does not insure Resident against liability
or loss of personal property on the Premises due to fire, theft, vandalism or
other casualties or causes. Resident is responsible for obtaining insurance in
such amounts as Resident may desite for such insurance coverage and for damage
which may be caused to the property of others by Resident.

20.           TERMS USED

Throughout this
Lease, the singular shall include the plural, the plural shall include the
singular and the masculine gender shall include the feminine or neuter gender,
as the context shall indicate or require. Wherever Owner’s permission or
consent, whether oral or written, is required to be obtained hereunder, Owner
may withhold its permission or consent in its sole and absolute discretion.
With respect to any limitation of liability, release or indemnity, and as
otherwise appropriate, “Owner” shall mean, in addition to Owner as heretofore
specified, its affiliates and its and their managers, members, officers,
directors, employees, invitees, agents and assigns. Where appropriate, “Resident(s)”
shall include their minor children, other occupants, guests, visitors, invitees
and contractors.

21.           APPLICATION

Resident
represents to Owner that the application that has been completed and signed for
consideration of residency in the Community is true, complete and accurate to
the best of Resident’s knowledge and belief. Misrepresentation or false
statement(s) on the application for tenancy is grounds for termination of
this Lease. Resident agrees to update information on the application from time
to time as may be required to keep all information current and complete.
Resident acknowledges that the information contained in Resident’s application
may be used by Owner or Owner’s affiliates for other business purposes.

22.           AMENDMENTS

Owner may amend
the terms of this Lease upon 30 days prior written notice to Resident.

23.           SURVIVAL

If any part of
this Lease is found by a court of competent jurisdiction to be void or
unenforceable, the balance of this Lease shall remain in force and effect, so
long as the general intent of the parties continues to be met.

24.           RESIDENT’S PERSONAL
PROPERTY

BY SIGNING THIS LEASE RESIDENT AGREES THAT UPON
TERMINATION, SURRENDER OR ABANDONMENT OF THE PREMISES, OWNER SHALL NOT BE
LIABLE OR RESPONSIBLE FOR THE STORAGE OR DISPOSITION OF RESIDENT’S PERSONAL
PROPERTY.

25.           MERGER CLAUSE

This instrument constitutes the sole and entire
agreement between the parties concerning the subject matter. No
representations, understandings or agreements have been made or relied upon in
the making of this Lease 

 _________  _________ Resident Initial
 Page 9 of 10
 

 

other than those specifically set forth. Except as
otherwise expressly stated, this Lease can only be modified in a writing signed
by the parties.

26.           SUBORDINATION

This Lease, and
Resident’s rights hereunder, shall be subordinate to the rights of any third
party providing financing to Owner relating to the Premises. In the event that
said lender shall foreclose on the rights of Owner under said financing,
Resident agrees to attorn to the lender.

27.           MISCELLANEOUS

The undersigned Resident hereby acknowledges this
Lease is executed in duplicate, he/she has received a copy thereof, has read
and understands this Lease, and understands this Lease represents many, but not
all, of the rules and regulations of Owner. Each Resident signing below is
jointly and severally liable for all terms of this Lease. This Lease shall be
governed by the laws of the State of ___________________.

28.           OFAC

Resident
hereby represents that neither Resident nor any person who resides or is
proposed to reside with Resident in the Community is or will be a Prohibited
Person, as that term is hereinafter defined. A “Prohibited Person” is any
entity, person, or party: (i) that is listed in the Annex to, or is
otherwise subject to the provisions of, Executive Order 13224 issued on September 24,
2001 (“EO13224”); (ii) whose name
appears on the United States Treasury Department’s Office of Foreign Assets
Control (“OFAC”) most current list of “Specifically
Designated National and Blocked Persons” (which list may be published from time
to time in various mediums including, but not limited to, the OFAC website,
http:www.treas.gov/ofac/t11sdn.pdf) (the “OFAC List”);
(iii) who commits, threatens to commit or supports “terrorism,” as that
term is defined in EO 13224; or (iv) who is otherwise affiliated with any
entity or person listed above.

IN
WITNESS WHEREOF, the parties hereto have subscribed their
signatures the day and year first above written.

OWNER:

ARC ________________________________, d/b/a _________________________________
MHC

By: ______________________________________,                               Date:
________________________

Print
Name ________________________________,

Its: Community Manager

RESIDENT(S):

______________________________________                                       Date:
________________________

Resident’s Signature

Print Name:

______________________________________                                       Date:
________________________

Resident’s Signature

Print Name:

 

 _________  _________ Resident Initial
 Page 10 of 10

 

ADDENDUM A

UTILITY CHARGES

The following is a
summary of utilities provided or available at each homesite, the party
responsible for payment, and the method used to calculate payments. Owner
reserves the right to modify this Addendum to the fullest extent allowed by
law. Additional information may be available upon request and in accordance
with State law. All charges are calculated monthly unless otherwise noted.
Charges based on local utility rates will fluctuate according to changes in
those rates without further notice by Owner. Utilities in common areas of the
Community will be paid by Owner except as otherwise noted. An administrative
fee for meter reading, mailing, invoice preparation and similar overhead
expenses may be charged. All payments are due to Owner on the day and in the
manner that rent is due unless otherwise specified.

A.            WATER
(check one):

Included in Base Rent and
paid by Owner.

Sub-metered usage charge
based on local utility rates multiplied by number of gallons used. Formula:
______________________________________________
_________________________________________________________________.

Flat fee of
$____________.

Occupancy-based fee
calculated from local utility rates and number of occupants residing at the
Premises. Formula: _____________________________________
_________________________________________________________________.

Square footage-based fee
calculated from the square footage of the home multiplied by local utility
rates. Formula: _______________________________ _________________________________________________________________.

Resident billed directly
by the local utility company.

Other:
___________________________________________________________
_________________________________________________________________.

 

B.            SEWER
(check one):

Included in Base Rent and
paid by Owner.

Sub-metered usage charge
based on local utility rates multiplied by number of gallons used. Formula:
______________________________________________
_________________________________________________________________.

Flat fee of
$____________.

Occupancy-based fee
calculated from local utility rates and number of occupants residing at the
Premises. Formula: _____________________________________
_________________________________________________________________.

Square footage-based fee
calculated from the square footage of the home multiplied by local utility
rates. Formula: _______________________________
________________________________________________________________

Resident billed directly
by the local utility company.

Other:
___________________________________________________________
_________________________________________________________________.

 

 _________  _________ Resident Initial
 Addendum A — Page 1 of 3
 

 

C.            ELECTRICITY
(check one):

Included in Base Rent and
paid by Owner.

Sub-metered usage charge
based on local utility rates multiplied by number of units used. Formula:
______________________________________________
_________________________________________________________________.

Flat fee of
$____________.

Occupancy-based fee
calculated from local utility rates and number of occupants residing at the
Premises. Formula: _____________________________________
_________________________________________________________________.

Square footage-based fee
calculated from the square footage of the home multiplied by local utility
rates. Formula: _______________________________
________________________________________________________________

Resident billed directly
by the local utility company.

Other:
___________________________________________________________ _________________________________________________________________.

 

D.            NATURAL
GAS OR PROPANE (check one):

Included in Base Rent and
paid by Owner.

Sub-metered usage charge
based on local utility rates multiplied by number of units used. Formula:
______________________________________________
_________________________________________________________________.

Flat fee of
$____________.

Occupancy-based fee
calculated from local utility rates and number of occupants residing at the
Premises. Formula: _____________________________________
_________________________________________________________________.

Square footage-based fee
calculated from the square footage of the home multiplied by local utility
rates. Formula: _______________________________ ________________________________________________________________

Resident billed directly
by the local utility company.

Other:
___________________________________________________________
_________________________________________________________________.

 

E.             TRASH
(check one):

Included in Base Rent and
paid by Owner.

Charge based on local
utility rates. Formula: ____________________________
_________________________________________________________________.

Flat fee of
$____________.

Resident billed directly
by the local utility company or waste hauler.

Other:
___________________________________________________________
_________________________________________________________________.

 _________  _________ Resident Initial
 Addendum A — Page 2 of 3
 

 

 

F.             CABLE
TELEVISION (check one):

Not applicable.

Included in Base Rent and
paid by Owner.

Flat fee of
$____________.

Resident billed directly
by the local cable company.

Other:
___________________________________________________________
_________________________________________________________________.

 

 

G.            ADMINISTRATIVE
FEE (check one):

Not applicable.

Flat fee of
$____________.

Formula:
__________________________________________________________
_________________________________________________________________.

 

H.            OTHER:
_______________________________________________________________ _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________.

 

 _________  _________ Resident Initial
 Addendum A — Page 3 of 3

 

SCHEDULE 11

Oil And Gas
Lease Properties

Amber Village, Dallas, TX

Lakewood- TX, Royse City, TX

Meadow Glen, Keller, TX

Mulberry Heights, Fort Worth, TX

Quail Run, Hutchins, TX

Silver Leaf, Mansfield, TX

 

 S11-1

 

SCHEDULE 12

Specified Expansion Parcel

1.               Meadowbrook- Pueblo, CO: 33550 East
Highway 96

The excess vacant land is approximately 50 acres and
is located at the NE corner of the community, south of HWY 50. The subject
property does not have direct access to HWY 50, but it nevertheless is
accessible using River Avenue.

2.               Loveland- Loveland, CO: 4105 North
Garfield

A substantial piece of excess vacant land,
approximately 15 acres, is located at the rear (west) of the community. While
the property does not have frontage along a main thoroughfare, it nevertheless
is accessible using the residential street north of the community.

3.               Seascape- Corpus Christi, TX:  6301 Old Brownsville Road

3.5 acres of excess vacant land zoned commercial with
frontage along Brownsville Road at the northwest corner of the community and to
the west of the community entrance. An additional 90 acres to the south of
community.

4.               Lakewood Estates- Royse City, TX:
1023 Lakes Drive

Excess vacant land located north of the community with
frontage along HW 548. Approximately 1-2 acres. Subject property is
within immediate proximity to the intersection of HW 548 and I-30 access
ramps.

5.               Eagle Creek- Tyler, TX: 11300
Highway 271

Three excess vacant land candidates. Two parcels are
located at the entrance to the community with frontage along HW 271. Each
parcel is approximately 4 acres in size. The third parcel also has frontage
along HW 271 but is separated from the other two properties by a restaurant
that is not owned by ARC. This third parcel is approximately 280 acres. It is
already zoned MH and platted with some utilities in place.

 

 S12-1

 

 

SCHEDULE 13

Manager Homes

ARCML06 LLC

	
  Code

  	
   

  	
  Community

  	
   

  	
  Model Year

  	
   

  	
  Serial Number

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CASTLEWOOD ESTATES

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5709

  	
   

  	
  CASTLEWOOD ESTATES

  	
   

  	
  1993

  	
   

  	
  PT-34191 A/B

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CASUAL ESTATES

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5710

  	
   

  	
  CASUAL ESTATES

  	
   

  	
  2005

  	
   

  	
  19-05-497-11576

  
	
  5710

  	
   

  	
  CASUAL ESTATES

  	
   

  	
  2005

  	
   

  	
  19-05-614-11571AB

  
	
  5710

  	
   

  	
  CASUAL ESTATES

  	
   

  	
  2005

  	
   

  	
  19-05-696-11595AB

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CEDAR TERRACE

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5231

  	
   

  	
  CEDAR TERRACE

  	
   

  	
  NOT APPLICABLE

  	
   

  	
  M-O-34384-2

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CHISHOLM CREEK

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5761

  	
   

  	
  CHISHOLM CREEK

  	
   

  	
  1994

  	
   

  	
  32511216hab

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  HUNTER RIDGE

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5749

  	
   

  	
  HUNTER RIDGE

  	
   

  	
  1998

  	
   

  	
  FLFLV70AB25247GH21

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  LAKESIDE (IA)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5767

  	
   

  	
  LAKESIDE (IA)

  	
   

  	
  2001

  	
   

  	
  34405

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  LANDMARK VILLAGE

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5729

  	
   

  	
  LANDMARK VILLAGE

  	
   

  	
  2004

  	
   

  	
  76934

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  OAK RIDGE (IN)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5731

  	
   

  	
  OAK RIDGE (IN)

  	
   

  	
  1999

  	
   

  	
  100145T

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  OAKWOOD FOREST

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5732

  	
   

  	
  OAKWOOD FOREST

  	
   

  	
  2005

  	
   

  	
  VAFL519A61339-HP12

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  PLANTATION ESTATES

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5765

  	
   

  	
  PLANTATION ESTATES

  	
   

  	
  2006

  	
   

  	
  183027

  

 

 S13-1
 

 

 

	
  Code

  	
   

  	
  Community

  	
   

  	
  Model Year

  	
   

  	
  Serial Number

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SILVER CREEK

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5234

  	
   

  	
  SILVER CREEK

  	
   

  	
  2006

  	
   

  	
  infl555ab11572hp13

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  THE PINES

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5758

  	
   

  	
  THE PINES

  	
   

  	
  1998

  	
   

  	
  11431733

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WOODLAKE

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5220

  	
   

  	
  WOODLAKE

  	
   

  	
  2005

  	
   

  	
  182452

  

 

 S13-2
 

 

 

ARCFLSV LLC

	
  Code

  	
   

  	
  Community

  	
   

  	
  Model Year

  	
   

  	
  Serial Number

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SOUTHWIND
  VILLAGE

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5740

  	
   

  	
  SOUTHWIND VILLAGE

  	
   

  	
  2005

  	
   

  	
  GAFL535AB90239HP21

  

 

 S13-3
 

 

 

ARC18TX LP

	
  Code

  	
   

  	
  Community

  	
   

  	
  Model Year

  	
   

  	
  Serial Number

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  LAKEWOOD
  (TX)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1470

  	
   

  	
  LAKEWOOD (TX)

  	
   

  	
  2002

  	
   

  	
  HITX09912727

  
	
  1470

  	
   

  	
  LAKEWOOD (TX)

  	
   

  	
  2002

  	
   

  	
  HITX09912738A/B

  
	
  1470

  	
   

  	
  LAKEWOOD (TX)

  	
   

  	
  2002

  	
   

  	
  HITX09912766AB

  
	
  1470

  	
   

  	
  LAKEWOOD (TX)

  	
   

  	
  2002

  	
   

  	
  HITX09912765A/B

  
	
  1470

  	
   

  	
  LAKEWOOD (TX)

  	
   

  	
  1998

  	
   

  	
  CRH2TX1487

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  MEADOW
  GLEN

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5239

  	
   

  	
  MEADOW GLEN

  	
   

  	
  1997

  	
   

  	
  MSFLV25A39620OG12

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  QUAIL
  RUN

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5625

  	
   

  	
  QUAIL RUN

  	
   

  	
  2003

  	
   

  	
  CW2008613TXAB

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SEASCAPE

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1252

  	
   

  	
  SEASCAPE

  	
   

  	
  2002

  	
   

  	
  HITX09912732

  
	
  1252

  	
   

  	
  SEASCAPE

  	
   

  	
  2002

  	
   

  	
  HITX09912740

  
	
  1252

  	
   

  	
  SEASCAPE

  	
   

  	
  2002

  	
   

  	
  HITX09912760

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SHILOH PINES

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1109

  	
   

  	
  SHILOH PINES

  	
   

  	
  2002

  	
   

  	
  SSETX07047

  
	
  1109

  	
   

  	
  SHILOH PINES

  	
   

  	
  2002

  	
   

  	
  HITX09912895

  
	
  1109

  	
   

  	
  SHILOH PINES

  	
   

  	
  2003

  	
   

  	
  CBH011937TX

  
	
  1109

  	
   

  	
  SHILOH PINES

  	
   

  	
  2003

  	
   

  	
  CBH011954TX

  
	
  1109

  	
   

  	
  SHILOH PINES

  	
   

  	
  2003

  	
   

  	
  CBH011949TX

  
	
  1109

  	
   

  	
  SHILOH PINES

  	
   

  	
  2003

  	
   

  	
  CBH011945TX

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SILVER
  LEAF

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5240

  	
   

  	
  SILVER LEAF

  	
   

  	
  2005

  	
   

  	
  SCH-01-05-7842

  
	
  5240

  	
   

  	
  SILVER LEAF

  	
   

  	
  1998

  	
   

  	
  msb981672sn33832

  

 

 S13-4
 

 

 

ARC18FLD LLC

	
  Code

  	
   

  	
  Community

  	
   

  	
  Model Year

  	
   

  	
  Serial Number

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  NONE

  

 

 S13-5
 

 

 

ARCFLMC LLC

	
  Code

  	
   

  	
  Community

  	
   

  	
  Model Year

  	
   

  	
  Serial Number

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  NONE

  

 

 S13-6
 

 

 

ARC18FLSH LLC

	
  Code

  	
   

  	
  Community

  	
   

  	
  Model Year

  	
   

  	
  Serial Number

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  NONE

  

 

 S13-7

 

 

EXHIBIT A

Land

 

 A-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}]]