Document:

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                                                                    EXHIBIT 10.2

                           PURCHASE AND SALE AGREEMENT

         In this Purchase and Sale Agreement (this "Agreement") the following
terms shall have the following meanings:

Date:             March __, 2001

Seller:           Corporate Realty Investment Company, L.L.C.
                  One Exeter Plaza, 11th Floor
                  Boston, Massachusetts  02116
                  Telephone: (617) 303-4400
                  Facsimile: (617) 303-4440

Buyer:            Fort Austin Limited Partnership
                  c/o American Retirement Corporation
                  111 Westwood Place, Suite 402
                  Brentwood, TN 37027
                  Telephone: (615) 221-2250
                  Facsimile: (615) 221-2269
                  Attention: Todd Kaestner

         The Owner: CRICFW One, LLC, a Delaware limited liability company formed
         pursuant to a Limited Liability Company Agreement of CRICFW One, LLC
         (the "LLC Agreement"), dated as of February 8, 1998, among Wilmington
         Trust Company ("WTC"), as Independent Manager, and Seller, as Member.

Membership
Interest:         One hundred percent (100%) of the Membership Interest in the
                  Owner, which is presently held by Seller. As used herein,
                  "Membership Interest" shall have the meaning given to it in
                  the LLC Agreement.

Premises:         The eighteen (18) parcels of land located at the addresses set
                  forth, and as further described, in Exhibit A attached hereto,
                  together with the improvements thereon and the rights and
                  easements appurtenant thereto, if any.

Financing:        Financing with respect to the Premises in the aggregate
                  original principal amount of _____________________________
                  Dollars ($_____________) evidenced by eighteen (18) Promissory
                  Notes (collectively the "Note") issued by the Owner to Legg
                  Mason Real Estate Services, Inc. ("Legg

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                  Mason"), and the other financing documents referred to in
                  Exhibit B attached hereto. The Note and all other documents
                  evidencing or securing the Note as referred to in said Exhibit
                  B are collectively referred to herein as the "Financing
                  Documents." Legg Mason or any other holder of the Note, from
                  time to time, shall be referred to herein as "Lender."

Lease:            The Lease Agreements between the Owner and certain
                  subsidiaries of Fleetwood Enterprises, Inc. (collectively the
                  "Tenant"), pursuant to which the Owner has leased the Premises
                  to Tenant as more particularly described in Exhibit C attached
                  hereto. The Lease and the related documents set forth in
                  Exhibit C are collectively referred to herein as the "Lease
                  Documents."

Purchase
Price:            Aggregate Purchase Price of [Fifteen Million Six Hundred
                  Ninety Thousand Two Hundred Sixty Two Dollars ($15,690,262)]
                  comprised of a Cash Portion and effectuation of a Loan
                  Assumption (both defined below) plus the Lender Fees (as
                  hereinafter defined): (as (i) The Cash Portion shall be equal
                  to the difference between the Purchase Price and the Loan
                  Assumption, by wire transfer of immediately available federal
                  funds, plus (ii) The Loan Assumption means the assumption by
                  the Buyer on the Closing Date of all obligations of Owner,
                  Seller and Seller's affiliates under the Financing Documents
                  including, but not in any way limited to, an outstanding
                  balance of the Note equal to Nine Million Five Hundred Four
                  Thousand Five Hundred Dollars ($9,504,500) (the "Assumed Loan
                  Balance"); provided, however, that Seller may use the Cash
                  Portion at Closing to pay down the Note in order to arrive at
                  the Assumed Loan Balance (the "Loan Paydown") and pay the
                  Lender Fees to Lender. On the Closing Date, the Deposit shall
                  be credited towards the Cash Portion component of the Purchase
                  Price.

         Deposit: Aggregate Deposit of One Hundred Thousand Dollars ($100,000),
         comprised of Fifty Thousand Dollars ($50,000) (the "Initial Deposit")
         in immediately available Federal funds to be delivered by Buyer to the
         Escrow Agent upon delivery of an original fully executed copy of this
         Agreement to the Buyer and an additional Fifty Thousand Dollars
         ($50,000) (the "Additional Deposit") in immediately available federal
         funds to be delivered by Buyer to the Escrow Agent upon expiration of
         the Due Diligence Period.

                  The Initial Deposit together with the Additional Deposit are
         herein referred to collectively as the "Deposit." Upon the Purchaser
         providing the Escrow Agent with an executed IRS Form W-9, the Deposit
         shall be held in an interest bearing account, such interest to accrue
         for the benefit of Purchaser.

Escrow Agent:     First American Title Insurance Company

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                  One Financial Center
                  15th Floor
                  Boston, MA  02111
                  Attention:  Annette Labreque
                  Facsimile:  (617) 345-5444
Escrow Agent's
Wiring
Instructions:     BANK: State Street Bank and Trust Company
                                    225 Franklin Street, Boston, MA  02110

                  BANK CONTACT: Diana Morris, Unit Manager
                                816/691-8619

                  ABA ROUTING NO.:  011-000-028

                  ACCOUNT NO.:      23628365

                  ACCOUNT NAME:     First American Title Insurance Company
                                    National Accounts - Escrow Account

         Please telephone Annette Labreque (617) 772-9229 with the date, amount,
         and transaction reference for any funds to be wired.

Exhibits
Attached:         A.  Legal Description of the Premises
                  B.  List of Financing Documents
                  C.  List of Lease Documents
                  D.  Form of Assignment of Membership Interest
                  E.  List of Environmental Reports and Additional Property
                      Information
                  F.  List of Owner Financial Statements
                  G.  List of Tenant and Lease Guarantor Financial Statements
                  H.  List of Title Documentation
                  I.  Intentionally Omitted
                  J.  Form of Non-Foreign Affidavit
                  K.  Assignment of Fee Agreement

         For good and valuable consideration, receipt and sufficiency of which
are hereby acknowledged, Seller agrees to sell, assign, transfer and convey the
Membership Interest to Buyer, and Buyer agrees to acquire the Membership
Interest from Seller, on the terms and conditions set forth herein. The terms
and conditions under which the Membership Interest shall be conveyed are as
follows:

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         1.       CLOSING. The date (the "Closing Date") for the performance of
                  this Agreement (the "Closing") shall be within five (5) days
                  after the later to occur of (a) the satisfaction or waiver by
                  Buyer of all conditions set forth in Section 13 hereof prior
                  to the Due Diligence Date (as hereinafter defined) or (b)
                  Seller's Delivery to Buyer of the items listed in subsections
                  3(f), (g), (i), (j), (k) and (l) hereof. If any of such
                  conditions are not satisfied prior to June 13, 2001, then this
                  Agreement may be terminated by either party hereto, in which
                  event the Deposit shall be returned to Buyer, unless the
                  conditions set forth in Subsection 3(k) hereof have not been
                  satisfied due to the actions or inactions of Buyer, or the
                  failure of Buyer to satisfy such Lender Conditions (as
                  hereinafter defined) that are in Buyer's control. The Closing
                  shall be accomplished by mail and wire transfer and shall
                  consummate at the offices of Shapiro, Israel & Weiner, P.C.,
                  100 North Washington Street, Boston, MA ("Seller's Counsel")
                  at 10:00 A.M. on the Closing Date, unless otherwise agreed
                  upon in writing by Buyer and Seller.

         2.       ASSIGNMENT OF MEMBERSHIP INTEREST. At the Closing, Seller
                  shall assign, transfer and convey the Membership Interest to
                  Buyer by execution and delivery of the Assignment of
                  Membership Interest in the form attached hereto as Exhibit D.
                  The Membership Interest, at the time of the Closing, shall be
                  free and clear of any liens, encumbrances, or claims of any
                  third parties.

         3.       SELLER'S CLOSING DELIVERIES. At the Closing, Seller shall
                  deliver to Buyer the following (collectively, the "Seller
                  Closing Documents")

                  a.       An original executed counterpart of an Assignment of
                           Membership Interest in the form attached hereto as
                           Exhibit D (the "Assignment"), executed by Seller and
                           consented to by Lender;

                  b.       Original counterparts, or copies certified to be true
                           and correct, of any Due Diligence Documents (defined
                           below) which are in Seller's possession or control;

                  c.       A Non-Foreign Affidavit under the Internal Revenue
                           Code in the form of Exhibit J attached hereto.

                  d.       An original executed counterpart of an Assignment of
                           the Fee Agreement, assigning the Fee Agreement with
                           respect to the Owner, and as executed by Seller and
                           Wilmington Trust, in the form of Exhibit K attached
                           hereto (the "Assignment of Fee Agreement");

                  e.       Evidence reasonably acceptable to Buyer's counsel as
                           to the due authorization of Seller to execute and
                           deliver all documents at the Closing required
                           hereunder;

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                  f.       An original counterpart copy of an estoppel
                           certificate, executed by Tenant, certifying as to
                           such matters as to which Tenant is obligated to
                           certify under the Lease, in the form attached as an
                           exhibit to the Lease, satisfactory to Buyer in all
                           respects (the "Tenant Estoppel Certificate");

                  g.       An original counterpart copy of an estoppel
                           certificate executed by Fleetwood Enterprises, Inc.,
                           a Delaware corporation ("Lease Guarantor"),
                           certifying as to such matters as are required by
                           Buyer (the "Guarantor Estoppel Certificate")
                           reasonably satisfactory to Buyer in all respects;

                  h.       To the extent that CT Corporation ("CT") is serving
                           as agent for service of process in the State in which
                           any of the Premises is located, an original
                           counterpart of a notice to CT that all future notices
                           and invoices for fees arising in connection with its
                           duties as local agent for service of process shall be
                           directed to Buyer (the "CT Notice");

                  i.       Evidence reasonably satisfactory to Buyer of the
                           amount due and owing under the Financing Documents as
                           of the Closing Date;

                  j.       Endorsements (the "Title Endorsements") to each of
                           the ALTA Owner's Policies of Title Insurance
                           (collectively, the "Title Policies") insuring the
                           Owner's title to the Premises, which Title
                           Endorsements shall: (i) if necessary, increase the
                           amount of title insurance coverage to an amount equal
                           to that portion of the Purchase Price designated
                           towards each individual property as set forth in
                           Exhibit A, (ii) confirm that the transactions
                           contemplated hereby do not affect coverage and (iii)
                           contain non-imputation clauses acceptable to Buyer.

                  k.       A written statement signed by the current holder of
                           the Note: (i) consenting to the transfer of the
                           Membership Interest to the Buyer; (ii) consenting to
                           the transfer of the Yuma Property (as hereinafter
                           defined) from Owner to a single purpose entity owned
                           by Seller; (iii) confirming that as of the Closing
                           Date, after the Paydown by Seller, the outstanding
                           balance due under the Note is equal to the amount of
                           the Loan Assumption; (iv) confirming the amount that
                           may be re-advanced to Buyer after the Paydown by
                           Seller; (v) confirming no defaults exist under the
                           Financing Documents; (vi) confirming that the
                           Financing Documents have not been amended as of the
                           Closing Date, other than as evidenced by the Due
                           Diligence Documents; and (vii) containing such other
                           assurances as are reasonably required by Buyer.

                  l.       A written statement signed by the Seller certifying
                           that: (i) the Owner is a single member single purpose
                           entity that owns no property other than the Premises
                           and such personalty as is reasonable and necessary
                           for ownership of the Premises, (ii) the Owner has no
                           liabilities except for the Note, (iii) Seller owns
                           the Membership Interest free and clear of all liens
                           and encumbrances,

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                           (iv) there is no default under the Financing
                           Documents, (v) there is no default under the Lease;
                           (vi) the Owner has not elected to be taxed as a
                           corporation for income tax purposes, (vii) the
                           Financing Documents have not been amended as of the
                           Closing Date, other than as evidenced by the Due
                           Diligence Documents; and (viii) there are no oral
                           agreements or understanding varying or affecting the
                           Financing Documents or the Lease.

                  m.       Certification that Seller's Representations and
                           Warranties remain true and correct and are reaffirmed
                           as of the Closing Date; and

                  n.       Such other affidavits, documents and certificates as
                           may be customarily and reasonably required by Buyer's
                           counsel in order to effectuate the transaction
                           contemplated hereby.

         4.       BUYER'S CLOSING DELIVERIES. At the Closing, Buyer shall
                  deliver to Seller the following (collectively, the "Buyer
                  Closing Documents"):

                  a.       An original executed counterpart of the Assignment,
                           executed by Buyer;

                  b.       Original executed counterpart copies of the Buyer
                           Legal Opinions (defined in Section 14 below);

                  c.       An original executed counterpart of the CT Notice,
                           executed by Buyer;

                  d.       Evidence reasonably acceptable to Seller's Counsel as
                           to the due authorization of Buyer to execute and
                           deliver all documents at the Closing required
                           hereunder;

                  e.       An original executed counterpart of the Assignment of
                           Fee Agreement; and,

                  f.       Such other affidavits, documents and certificates as
                           may be customarily and reasonably required by
                           Seller's Counsel in order to effectuate the
                           transaction contemplated hereby.

         5.       PAYMENT OF CASH PORTION. At the Closing, Buyer shall pay the
                  Cash Portion of the Purchase Price as follows:

                  a.       The Deposit which Buyer has paid this date shall be
                           credited against the Cash Portion; and

                  b.       The balance of the Cash Portion consideration, as
                           adjusted pursuant to Section 20 below, shall be paid
                           at the Closing by federal wire transfer of
                           immediately available funds pursuant to the Funding
                           and Escrow Agreement.

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         6.       DUTIES OF ESCROW AGENT. The Deposit shall be held by Escrow
                  Agent, and shall be duly accounted for at the Closing. Escrow
                  Agent shall hold the Deposit in accordance with the terms and
                  provisions of this Agreement, subject to the following:

                  a.       Escrow Agent undertakes to perform only such duties
                           as are expressly set forth in this Agreement and no
                           implied duties or obligations shall be read into this
                           Agreement against Escrow Agent.

                  b.       Escrow Agent may act in reliance upon any writing or
                           instrument or signature which it, in good faith,
                           believes to be genuine, and any statement or
                           assertion contained in such writing or instrument,
                           and may assume that any person purporting to give any
                           writing, notice, advice or instrument in connection
                           with the provisions of this Agreement has been duly
                           authorized to do so. Escrow Agent shall not be liable
                           in any manner for the sufficiency or correctness as
                           to form, manner and execution, or validity of any
                           instrument deposited in escrow, nor as to the
                           identity, authority, or right of any person executing
                           the same, and Escrow Agent's duties under this
                           Agreement shall be limited to those provided in this
                           Agreement.

                  c.       Unless Escrow Agent discharges any of its duties
                           under this Agreement in a negligent manner or is
                           guilty of willful misconduct with regard to its
                           duties under this Agreement, Seller and Buyer shall
                           release Escrow Agent from any and all claims,
                           liabilities, losses, actions, suits or proceedings at
                           law or in equity, or other expenses, fees, or charges
                           of any character or nature, which it may incur or
                           with which it may be threatened by reason of its
                           acting as Escrow Agent under this Agreement.

                  d.       If the parties (including Escrow Agent) shall be in
                           disagreement about the interpretation of this
                           Agreement, or about their respective rights and
                           obligations, or the propriety of any action
                           contemplated by Escrow Agent, or the application of
                           the Deposit, Escrow Agent shall hold the Deposit
                           until the receipt of written instructions from both
                           Buyer or Seller or a final order of a court of
                           competent jurisdiction. In addition, in any such
                           event, Escrow Agent may, but shall not be required
                           to, file an action in interpleader to resolve the
                           disagreement. Escrow Agent shall be indemnified for
                           all costs and reasonable attorneys' fees in its
                           capacity as Escrow Agent in connection with any such
                           interpleader action and shall be fully protected in
                           suspending all or part of its activities under this
                           Agreement until a final judgment in the interpleader
                           action is received.

                  e.       Escrow Agent may consult with counsel of its own
                           choice and have full and complete authorization and
                           protection in accordance with the opinion of such
                           counsel. Escrow Agent shall otherwise not be liable
                           for any mistakes of fact

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                           or errors of judgment, or for any acts or omissions
                           of any kind, unless caused by its negligence or
                           willful misconduct.

                  f.       All deposits into the escrow shall be held by the
                           Escrow Agent in an interest bearing account. All
                           interest earned on the Deposit shall be deemed to be
                           part of the Deposit and shall accrue to the benefit
                           of Buyer except to the extent the Deposit becomes
                           payable to Seller hereunder upon Buyer's default. In
                           such event the interest earned on the Deposit shall
                           accrue to the benefit of the Seller.

         7.       REMEDIES FOR SELLER'S NON-WILLFUL BREACH. If for any reason
                  other than a willful breach of this Agreement Seller shall be
                  unable to assign, transfer and convey the Membership Interest
                  to Buyer as herein stipulated, on the Closing Date, or to
                  deliver the other Seller Closing Documents to Buyer on the
                  Closing Date, Seller shall give written notice thereof to
                  Buyer at or before the Closing Date, and Buyer may, at Buyer's
                  option, either (a) terminate Buyer's obligation hereunder to
                  purchase the Membership Interest, and the Escrow Agent shall
                  promptly refund the Deposit to Buyer, or (b) accept such title
                  as Seller can deliver to the Membership Interest and to pay
                  therefor the Purchase Price without deduction or credit except
                  for reductions necessary to remove liens secured by liquidated
                  sums, in which case Seller shall assign, transfer and convey
                  the Membership Interest to Buyer. Buyer acknowledges that, in
                  the event of Seller's inability to perform as set forth above,
                  for any reason other than a willful breach of this Agreement,
                  including without limitation, Seller's inability to obtain
                  Lender's Approval, the Tenant Estoppel Certificate or provide
                  any Seller Closing Documents which must be obtained from a
                  third party, Seller shall have no liability to Buyer therefor
                  and Buyer's sole remedy shall be to obtain the refund of the
                  Deposit as aforesaid.

         8.       REMEDIES FOR SELLER'S WILLFUL BREACH. Subject to Section 7, in
                  the event Seller willfully breaches its obligation to complete
                  the sale of the Membership Interest or to perform its
                  obligations under this Agreement, Buyer may, as its sole
                  remedies therefor, (i) enforce specific performance of this
                  Agreement against Seller, or (ii) terminate this Agreement and
                  obtain a refund of the Deposit without further recourse
                  against Seller. Notwithstanding the foregoing, should the
                  remedy of specific performance be legally or practicably
                  unavailable to Buyer as a result of Seller having conveyed
                  granted an interest in, encumbered, permitted a lien against,
                  or taken any action with respect to the Membership Interest or
                  the Premises, then Buyer may, at its option, and in lieu of
                  specific performance, seek to recover all damages available to
                  it under law as a result of Seller's default. Under no
                  circumstances shall failure to obtain Lender's Approval
                  constitute a willful default hereunder.

         9.       CONDITION OF THE PREMISES. Buyer acknowledges that Seller
                  makes no representations regarding the Premises, and that the
                  Premises are being acquired by Buyer, by acquisition of the
                  Membership Interest, strictly on an "as is" basis,

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<PAGE>   9

                  without representation, warranty or covenant, express or
                  implied, of any kind whatsoever, and without recourse to
                  Seller, and that Buyer shall be obligated to purchase the
                  Membership Interest notwithstanding any change in the
                  condition of the Premises occurring prior to the date of the
                  Closing, whether resulting from casualty, taking or otherwise.
                  Nothing in this Section 9 shall affect, impair or limit
                  Seller's representations and warranties set forth in Section
                  12 hereof, or in any other document provided to Buyer in
                  connection herewith.

         10.      LIQUIDATED DAMAGES. If Buyer fails to fulfill Buyer's
                  agreements hereunder for any reason (other than Seller's
                  breach or default) including, without limitation, Buyer's
                  obligation to acquire the Membership Interest, to deliver the
                  Buyer Closing Documents at the time of the Closing, and to pay
                  the Cash Portion at the Closing, Escrow Agent shall pay the
                  Deposit to Seller, and the Deposit shall be retained by Seller
                  as full liquidated damages, and not as a penalty, and that
                  shall be Seller's sole and exclusive remedy at law or equity.
                  The parties acknowledge that, if Buyer fails to fulfill
                  Buyer's agreements hereunder, it would be impossible to
                  compute exactly Seller's damages. Buyer and Seller have taken
                  these facts into account in setting the amount of the Deposit
                  and agree that the Deposit is the best estimate of such
                  damages and such sum represents damages and not any penalty
                  against Buyer.

         11.      BROKERAGE. Seller represents that it has dealt with no broker
                  in connection with this Agreement. Buyer represents that it
                  has dealt with no broker in connection with this Agreement
                  other than Triple Net Advisors, LLC, whose commission will be
                  paid by Buyer when and if closing occurs. Seller and Buyer
                  each agree to indemnify and hold the other harmless from and
                  against any liability, loss, cost, damage, or expense,
                  including court costs and attorneys' fees, resulting from a
                  breach of the above representations. The provisions of this
                  Paragraph shall survive the Closing.

         12.      REPRESENTATIONS AND WARRANTIES OF SELLER. Subject to all
                  matters disclosed in any document delivered to Buyer by Seller
                  or on any exhibit attached hereto, and subject to any
                  information disclosed to Buyer by Seller prior to the Due
                  Diligence Date (all such matters being referred to herein as
                  "Exception Matters"), Seller represents and warrants to Buyer
                  as of the date hereof as follows:

                  a.       Seller has provided to Buyer true and complete
                           copies, including any and all amendments or
                           modifications, of all of the Financing Documents, the
                           Lease Documents, the LLC Agreement, the Fee
                           Agreement, the Environmental Reports (defined in
                           Section 13 below), the Financial Statements (defined
                           in Section 13 below), the Title Documentation
                           (defined in Section 13 below), the Additional
                           Property Information (defined in Section 13 below),
                           all of the documents listed in Exhibit B, and any and
                           all other documents or items which materially affect
                           the Membership Interest or the Premises which are in

                                      -9-
<PAGE>   10

                           Seller's possession or subject to Seller's control
                           (collectively, the "Due Diligence Documents").

                  b.       Seller is a limited liability company duly organized
                           and validly existing under the laws of the State of
                           Delaware and has all requisite power and authority to
                           enter into this Agreement and perform its obligations
                           hereunder. The execution and delivery of this
                           Agreement have been duly authorized and this
                           Agreement constitutes the legal, valid and binding
                           obligation of Seller, enforceable against it in
                           accordance with its terms.

                  c.       Seller has not assigned, pledged or transferred the
                           Membership Interest, and no person or other entity
                           has any right or option to acquire the Membership
                           Interest. The Membership Interest is free and clear
                           of any lien, encumbrance or claim whatsoever. The
                           Membership Interest comprises all of the economic,
                           governing or other interests in the Owner.

                  d.       Except as provided for in the Due Diligence
                           Documentation, the Owner has not entered into any
                           agreement which will be binding on it after the
                           Closing.

                  e.       Seller is not a "foreign person" as defined in
                           Section 1445(f)(3) of the Internal Revenue Code.

                  f.       Seller has received no written notice of any pending,
                           threatened or contemplated suits, actions,
                           arbitrations, claims or proceedings, at law or in
                           equity, affecting the Owner or Premises or in which
                           Seller is, or to the best of Seller's knowledge will
                           be, a party by reason of Seller's ownership of the
                           Premises.

                  g.       No attachments, execution proceedings, assignments
                           for the benefit of creditors, insolvency, bankruptcy,
                           reorganization or other proceedings are pending or
                           threatened against Owner or Seller or, to the best of
                           Seller's knowledge, any general partners in Seller,
                           nor are any of such proceedings contemplated by
                           Seller, or, to the best of Seller's knowledge, any
                           general partner in Seller.

                  h.       Seller has received no written notice that there is
                           any plan, study or effort of any governmental
                           authority that in any way would materially affect the
                           current use of the Premises or any intended public
                           improvements that would result in any charge being
                           levied against, or any lien assessed upon, the
                           Premises.

                  i.       Seller has not received written notice from any
                           insurance company of any defects or inadequacies in
                           the Premises.

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<PAGE>   11

                  j.       The Lease has not been modified, amended or altered
                           in writing or otherwise; there are no oral agreements
                           or understanding varying or affecting the Lease, and
                           no concessions, abatements or adjustments have been
                           granted to the Tenant except as specified in the
                           Lease.

                  k.       Seller's interest in the Lease has not been assigned,
                           encumbered or subjected to any liens and on the
                           Closing Date, there will be outstanding no such
                           assignment or encumbrance of Seller's interest in the
                           Lease, subject, however, to the Due Diligence
                           Documentation.

                  l.       As of the Closing Date, no commissions, brokerage
                           fees or similar payments with respect to the Lease
                           shall be due and owing for which the Seller is bound
                           and liable and there are no existing brokerage
                           commission or similar agreements entered into by the
                           Seller to which the Seller is bound or liable
                           relating to the leasing of all or any portion of the
                           Premises.

                  m.       The Financing Documents have not been modified,
                           amended or altered in writing or otherwise, and there
                           are no oral agreements or understandings varying or
                           affecting the Financing Documents.

                  n.       Seller has no knowledge of any negative environmental
                           condition affecting the Premises, except as
                           specifically described in the Environmental Reports.

                  o.       As used in this Agreement, or in any other agreement,
                           document, certificate or instrument delivered by
                           Seller to Buyer, the phrase "to the best of Seller's
                           actual knowledge", "to the best of Seller's
                           knowledge" or any similar phrase shall mean the
                           actual, not constructive or imputed, knowledge of
                           Marcy Axelrad, Jay Hooper (or their successor in
                           interest), and anyone under their supervision without
                           any obligation on their part to make any independent
                           investigation of the matters being represented and
                           warranted, or to make any inquiry of any other
                           persons, or to search or examine any files, records,
                           books, correspondence and the like.

         Seller shall have no liability whatsoever to Buyer with respect to any
Exception Matters. If Buyer obtains knowledge of any Exception Matters after the
date of the Agreement and prior to the Closing Date, which would make any
representation and warranty of Seller untrue in any material respect, Buyer may
as its exclusive remedy terminate this Agreement and receive a refund of the
Deposit in accordance with the provisions of Section 7 of this Agreement upon
written notice received by Seller within five (5) business days after Buyer
learns of such Exception Matters. Upon any such termination of this Agreement,
neither party shall have any further rights or obligations hereunder except as
expressly provided for herein.

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<PAGE>   12

         The representations and warranties of Seller set forth in this
Agreement, shall survive Closing for a period of three hundred sixty (360) days
(the "Survival Period"). No claim for a breach of any representation or warranty
of Seller shall be actionable or payable if the breach in question results from
or is based on a condition, facts or other matter which was known to Buyer prior
to Closing. Seller shall have no liability to Buyer for a breach of any
representation or warranty unless written notice containing a description of the
specific nature of such breach shall have been received by Seller from Buyer
prior to the expiration of the Survival Period and an action shall have been
commenced by Buyer against Seller within sixty (60) days after expiration of the
Survival Period.

         12A.     REPRESENTATIONS AND WARRANTIES OF BUYER. Buyer represents and
                  warrants to Seller as follows:

                  a.       Buyer is a limited partnership, duly organized,
                           validly existing and in good standing under the laws
                           of the state of Texas and has all requisite power and
                           authority to enter into this Agreement and to perform
                           its obligations hereunder. Buyer's general partner is
                           ARC Fort Austin Properties, Inc., a corporation duly
                           formed and organized under the laws of the state of
                           Tennessee, and has all requisite power and authority
                           to enter into this Agreement as the General Partner
                           of Buyer and to perform its obligations hereunder.
                           The execution and delivery of this Agreement by Buyer
                           or its General Partner has been duly authorized.

                  b.       Buyer has available to it unrestricted funds which it
                           may use in its sole discretion to pay the full Cash
                           Portion and otherwise comply with the provisions of
                           this Agreement. Buyer acknowledges and agrees that
                           its obligations hereunder are not contingent upon
                           Buyer obtaining financing for the purchase of the
                           Membership Interest.

                  The representations and warranties of Buyer set forth in this
                  Agreement shall survive Closing for the Survival Period of
                  three hundred sixty (360) days. No claim for a breach of any
                  representation or warranty of Buyer shall be actionable or
                  payable if the breach in question results from or is based on
                  a condition, facts or other matter which was actually known to
                  Seller prior to Closing. Buyer shall have no liability to
                  Seller for a breach of any representation or warranty unless
                  written notice containing a description of the specific nature
                  of such breach shall have been given by Seller to Buyer prior
                  to the expiration of the Survival Period and an action shall
                  have been commenced by Seller against Buyer within sixty (60)
                  days after the expiration of the Survival Period.

         13.      DUE DILIGENCE PERIOD. Buyer's obligations to acquire the
                  Membership Interest are contingent upon the following
                  conditions having been satisfied, or waived by Buyer, on or
                  before the later to occur of: (i) April 13, 2001 or (ii)
                  thirty (30) days after the date of this Agreement (the "Due
                  Diligence Date"). If Buyer does not affirmatively notify
                  Seller in writing on or before the Due Diligence Date that
                  Buyer has waived all of the following conditions or that such
                  conditions have

                                      -12-
<PAGE>   13

                  been satisfied and deliver the Additional Deposit to the
                  Escrow Agent, the Deposit shall be immediately refunded to
                  Buyer, and this Agreement shall be void without recourse to,
                  or any further obligation of, the parties hereto. In
                  consideration of such condition, Buyer acknowledges and agrees
                  that it has been afforded an adequate opportunity to make its
                  own investigation of the condition of the Premises and any
                  such matters as it deems relevant with respect to the
                  Membership Interest, the Owner, the Lease, the Financing
                  Documents and any other matter relating to the transaction
                  contemplated hereby. The conditions to be satisfied or waived
                  by Buyer as aforesaid are as follows:

                  a.       Buyer's review and approval, in Buyer's sole
                           judgment, of all of the Financing Documents.

                  b.       Buyer's review and approval, in Buyer's sole
                           judgment, of all of the Lease Documents.

                  c.       Buyer's review and approval, in Buyer's sole
                           judgment, of the financial books and records, copies
                           of any tax returns filed by or tax elections made by
                           the Owner, and any other documentation evidencing the
                           current financial condition of the Owner
                           (collectively, the "Owner Financial Statements"), as
                           listed on Exhibit F attached hereto.

                  d.       Buyer's review and approval, in Buyer's sole
                           judgment, of the existing environmental site
                           assessment reports in Seller's possession or control
                           covering the Premises pertaining to the presence of
                           hazardous materials, if any, on the Premises (the
                           "Environmental Reports"), as listed on Exhibit E
                           attached hereto.

                  e.       Buyer's review and approval, in Buyer's sole
                           judgment, of any new environmental site assessment
                           reports Buyer chooses to obtain, at its sole expense,
                           during the Due Diligence Period.

                  f.       Buyer's review and approval, in Buyer's sole
                           judgment, of documentation evidencing the current
                           financial condition of Tenant and Lease Guarantor in
                           Seller's possession or control (collectively, the
                           "Tenant and Lease Guarantor Financial Statements";
                           the Tenant and Lease Guarantor Financial Statements
                           and the Owner Financial Statements are sometimes
                           hereinafter collectively referred to as the
                           "Financial Statements"), as listed on Exhibit G
                           attached hereto.

                  g.       Buyer's review and approval, in Buyer's sole
                           judgment, of the existing title insurance policies
                           covering the Premises and of all related title and
                           survey documentation in Seller's possession or
                           control (the "Title Documentation"), as listed on
                           Exhibit H attached hereto.

                                      -13-
<PAGE>   14

                  h.       Buyer's review and approval, in Buyer's sole
                           judgment, of the existing appraisals, site plans,
                           surveys, photographs, engineering reports, plans and
                           specifications and evidence of compliance with law
                           (such as certificates of occupancy) with respect to
                           the Premises in Seller's possession or control, as
                           listed on Exhibit E (the "Additional Property
                           Information").

                  i.       Buyer's physical inspection of the Premises, such
                           inspection to be satisfactory in Buyer's sole
                           judgment.

                  j.       Buyer has not determined, in its sole discretion, for
                           any reason or for no reason whatsoever that it is not
                           advisable to proceed with the transaction
                           contemplated herein.

         14.      LENDER'S APPROVAL. It shall be a condition to the transfer of
                  the Membership Interest under this Agreement that Buyer and/or
                  Seller shall have obtained all necessary approvals from Lender
                  and, if applicable, the Rating Agency (as defined in the
                  Financing Documents) with respect to: (i) the transfer of the
                  Membership Interest to Buyer and (ii) the transfer of a
                  property located in Yuma, Arizona (the "Yuma Property") from
                  Owner to a single purpose entity owned by Seller
                  (collectively, the "Lender's Approval"), as evidenced by the
                  execution of the Assignment by Lender or other appropriate
                  documentation.

                  If the Lender's Approval is not obtained, unless due to the
                  failure of Buyer to satisfy the "Lender Conditions" (defined
                  below), then the Deposit shall be immediately refunded to
                  Buyer, and this Agreement shall automatically terminate and be
                  void without recourse to, or any further obligation of, the
                  parties hereto; provided that if Lender's Approval is not
                  obtained on or before the Closing Date, and Buyer notifies
                  Seller of its election to extend the Closing Date for an
                  additional 30 days, Buyer shall continue to use best
                  commercially reasonable efforts to satisfy any conditions to
                  Lender's Approval and to obtain the Lender's Approval and this
                  Agreement shall remain in effect during such extension period.
                  Buyer acknowledges that Seller has made no representations or
                  warranties regarding Buyer's ability to obtain the Lender's
                  Approval, and that, in the event Buyer is unable to obtain the
                  Lender's Approval for any reason, Seller shall have no
                  liability to Buyer therefor and Buyer's sole remedy shall be
                  to obtain the refund of the Deposit as aforesaid.

                  In order to obtain Lender's Approval, Buyer shall do the
                  following: (i) cause First American Title Insurance Company
                  (the "Title Company") to issue an endorsement to the Lender's
                  policy of title insurance issued in connection with the
                  Financing (the "Loan Policy"), stating that the transactions
                  contemplated by this Agreement will not affect the lien or
                  priority of the Financing Documents as a first lien against
                  the Premises; provided however, that (a) Seller shall provide
                  reasonable assistance to Buyer in obtaining such endorsements
                  and (b) Seller shall

                                      -14-
<PAGE>   15

                  be solely responsible for clearing any title defects; (ii)
                  deliver to Lender all information with respect to the
                  authority and structure of Buyer and the financial status of
                  Buyer requested by Lender, including, without limitation,
                  certificates of legal existence and good standing, consents,
                  votes and any formation documents creating Buyer or pursuant
                  to which Buyer is maintained or operated and financial
                  statements, financial histories, credit histories and
                  histories of Buyer in operating properties similar to the
                  Premises; (ii) deliver to Lender any document reasonably
                  requested by Lender in connection with the Lender's Approval,
                  including representations and warranties of Buyer to the
                  effect that (a) it has the requisite power and authority to
                  enter into the transactions contemplated by this Agreement,
                  (b) that it will not modify the Owner's organizational
                  documents or the Financial Documents, (c) that the Financing
                  Documents remain in full force and effect, unmodified and
                  enforceable against Owner, (d) that Buyer shall not cause or
                  permit Owner to amend the Lease with Tenant and (e) that
                  neither Owner nor Buyer has any intention to file a petition
                  in bankruptcy or for similar relief or protection, or (f) such
                  other representations and warranties as Lender shall
                  reasonably require in connection with the Lender's Approval;
                  and (iii) Buyer shall cause its counsel, the identity of which
                  shall be subject to the reasonable approval of Lender and any
                  Rating Agency, to issue to Lender and the Rating Agency such
                  legal opinions as are required under the terms of the
                  Financing Documents or otherwise required by Lender (the
                  "Buyer Legal Opinions") (all of the foregoing matters being
                  referred to herein collectively as the "Lender Conditions").

         15.      NO SURVIVAL. Except for the representations and warranties
                  descented in Section 12 hereof, the acceptance of the
                  Assignment by Buyer shall be deemed to be a full performance
                  and discharge of every agreement and obligation of Seller
                  herein contained or expressed, except such as are, by the
                  express terms hereof, to be performed after the delivery of
                  the Assignment.

         16.      TIME OF ESSENCE. Time is of the essence of this Agreement.

         17.      LIMITATION ON LIABILITY. Buyer agrees that Buyer's recourse
                  against Seller under this Agreement or under any other
                  agreement, document, certificate or instrument delivered by
                  Seller to Buyer (including, without limitation, any agreement,
                  document, certificate or instrument delivered by Seller to
                  Buyer on the Closing Date), or under any law applicable to the
                  Premises or this transaction, shall be strictly limited to
                  Seller's interest in the Membership Interest, (or upon
                  consummation of the transaction contemplated hereunder, to the
                  net proceeds of the sale thereof actually received by Seller),
                  and that in no event shall Buyer seek or obtain any recovery
                  or judgment against any of Seller's other assets (if any) or
                  against any of Seller's members, managers, partners (or their
                  constituent members, managers or partners) or against any
                  Affiliated Entity of Seller or its assets or any director,
                  officer, employee, or shareholder of any of the foregoing. The
                  foregoing limitation of liability shall not apply to (i) any
                  willful breach of Seller pursuant to Section 8, or (ii) any
                  material misrepresentation made by Seller

                                      -15-
<PAGE>   16

                  to Buyer in this Agreement or otherwise in connection with the
                  transaction contemplated herein.

         18.      NOTICES. All notices required or permitted hereunder shall be
                  in writing and shall be given (a) by registered or certified
                  mail, postage prepaid, (b) by a nationally recognized
                  overnight delivery service which provides receipted delivery,
                  or (c) by facsimile transmission with confirmation of receipt,
                  addressed, (i) if to Seller, to Marcy Axelrad, Vice President,
                  at Seller's address stated on the first page hereof or such
                  other address as Seller shall have last designated by written
                  notice given as aforesaid to Buyer, with a copy to Christopher
                  R. DeAgazio, Esquire, Shapiro, Israel & Weiner, P.C., 100
                  North Washington Street, Boston, MA 02114 (Facsimile No.
                  617-742-2355) , (ii) if to Buyer, at Buyer's address stated on
                  the first page hereof or such other address as Buyer shall
                  have last designated by written notice given as aforesaid to
                  Seller, with a copy to T. Andrew Smith, Bass, Berry & Sims,
                  2700 AmSouth Center, Nashville, TN 37238 (Facsimile No.:
                  615-742-2866). Notices shall be deemed given on the date when
                  deposited in the United States mail or with such overnight
                  delivery service or when sent by facsimile transmission upon
                  receipt of confirmation, as aforesaid.

         19.      EXHIBITS. The Exhibits attached to or referred to herein are
                  incorporated by reference as if set forth in full herein.

         20.      PAYMENT OF FEES, COSTS AND EXPENSES. Except as otherwise
                  provided herein, Buyer and Seller shall each pay the fees of
                  its counsel retained in connection with this Agreement and the
                  purchase and sale of the Membership Interest. Buyer shall be
                  solely responsible for reimbursement of Seller for the payment
                  of all other fees, costs, and expenses related to the Closing,
                  including, without limitation, Rating Agency fees, fees of
                  Lender's counsel and Wilmington Trust's counsel, fees of any
                  servicer and special servicer and fees of any counsel to the
                  servicer or special servicer, in connection with obtaining the
                  Lender's Approval and Wilmington Trust's Approval
                  (collectively, the "Lender Fees") and transfer taxes,
                  recording fees and filing fees, if any, which Lender Fees
                  shall be due and payable by Buyer regardless of whether the
                  Lender's Approval is obtained or the Closing occurs. In the
                  event that any of the Lender Fees must be paid prior to
                  Closing, Buyer shall pay such Lender Fees and shall receive a
                  credit for the same at Closing. In the event that Buyer is
                  entitled to the return of its Deposit or any portion thereof
                  pursuant to the terms of this Agreement, then there shall be
                  deducted therefrom all Lender Fees incurred in connection with
                  the attempt to obtain Lender's Approval. At the Closing, the
                  Annual Administration Fee under the Fee Agreement shall be pro
                  rated, and Buyer shall receive a credit for any unpaid Annual
                  Administration Fee to the extent attributable to the period
                  prior to the Closing and Seller shall receive a credit for any
                  Annual Administration Fee which has been paid to the extent
                  attributable to the period after the Closing.

                  Without limiting the foregoing, Buyer hereby acknowledges the
                  following:

                                      -16-
<PAGE>   17

                  a.       Buyer shall be solely responsible for the payment of
                           all transfer taxes, if any, arising out of or
                           resulting from the consummation of the transaction
                           which is contemplated by this Agreement, and shall
                           indemnify and hold Seller harmless from and against
                           all liability, loss, cost, damage or expense,
                           including attorneys' fees and disbursements,
                           resulting from Buyer's failure to pay such transfer
                           taxes, if any. The indemnity contained in this
                           Section shall survive the Closing. Seller has made no
                           representations or warranties to Buyer with respect
                           to the applicability of transfer taxes to the
                           transaction contemplated by this Agreement.

                  b.       As between Buyer and Seller, there shall be no
                           adjustments at the Closing with respect to the
                           operation of the Premises, maintenance, taxes or
                           other expenses.

                  c.       As between Buyer and Seller, there will be an
                           adjustment at closing for prorated rents and
                           interest; provided, however, that Seller's liability
                           for such adjustments will not exceed the aggregate of
                           $15,000. Rental income and interest expense that
                           accrue for the period prior to the Closing will be
                           for the account of Seller and rental income and
                           interest expense that accrue for the period on and
                           after the Closing will be for the account of Buyer.
                           For purposes of calculating prorations, Buyer shall
                           be deemed to be in title to the Membership Interest,
                           and, therefore, entitled to the income therefrom and
                           responsible for the expenses thereof for the entire
                           day upon which the Closing occurs. All such
                           prorations shall be made on the basis of the actual
                           number of days of the month which shall have elapsed
                           as of the Closing Date and based upon the actual
                           number of days in the month and a 365 day year.

                  d.       To the extent required in order to obtain the
                           Lender's Approval prior to the Closing Date, Buyer
                           shall pay any Lender Fees incurred before the
                           expiration of the Due Diligence Date. Buyer hereby
                           agrees to make such payments with the understanding
                           that amounts paid in connection with the same may be
                           non-refundable and Buyer shall be responsible for all
                           Lender Fees, regardless of whether this Agreement is
                           terminated in accordance with its terms or continues
                           in full force and effect. Notwithstanding the
                           foregoing, Seller will not commence the Lender
                           Approval process until the earlier to occur of: (i)
                           the Due Diligence Date or (ii) Buyer providing Seller
                           with written confirmation that if the Seller
                           commences the Lender Approval process prior to the
                           Due Diligence Date, Buyer will be responsible for all
                           fees and costs incurred by the Lender, regardless of
                           whether this Agreement is terminated in accordance
                           with its terms or continues in full force and effect.

                  e.       Seller will be responsible for Lender Fees, title
                           fees, transfer fees and other costs associated with
                           the transfer of the Yuma Property, including Seller's

                                      -17-
<PAGE>   18

                           counsel fees, up to $25,000, and Buyer shall be
                           responsible for any such reasonable costs in excess
                           of $25,000.

                  f.       Seller will be responsible for any fees or costs
                           assessed against the Owner at or prior to the Closing
                           Date as a result of any prepayment or late payment of
                           the Note.

         21.      NO OFFER. The submission of a draft of this Agreement or a
                  summary of some or all of its provisions does not constitute
                  an offer to buy or to sell the Membership Interest, it being
                  understood and agreed that neither Buyer nor Seller shall be
                  legally obligated with respect to the obligations hereunder
                  unless and until this Agreement has been executed by both
                  Buyer and Seller.

         22.      APPLICABLE LAW; MODIFICATIONS; JOINT AND SEVERAL LIABILITY.
                  This instrument is to be construed as a Massachusetts
                  contract, is not subject to any oral understandings, or
                  written understandings not set forth herein, is binding upon
                  and inures to the benefit of Seller and Buyer and their
                  respective personal representatives, successors and permitted
                  assigns, and may be canceled or amended only by a written
                  instrument executed by both Seller and Buyer. If two or more
                  persons are named herein as Seller or Buyer, their obligations
                  hereunder shall be joint and several.

         23.      COUNTERPARTS. This Agreement may be executed in multiple
                  counterparts or with multiple signature pages which, when
                  assembled as a single document or, if not so assembled, when
                  taken together shall be deemed to be fully effective and
                  operative as an original document.

         24.      ASSIGNMENT. Seller shall not assign this Agreement. Except as
                  set forth in this Section, Buyer may not assign this Agreement
                  without Seller's prior written consent; provided, however,
                  that Buyer may: (a) assign this Agreement to a limited
                  liability company or other single purpose entity to be
                  hereinafter formed by Buyer, provided that such assignment
                  does not cause Lender to withdraw or withhold the Lender
                  Approval and (b) assign its rights, but not obligations, in
                  this Agreement to a qualified intermediary, in order that the
                  transaction contemplated by this Agreement be part of a like
                  kind exchange under Section 1031 of the Internal Revenue Code
                  of 1986, as amended.

         25.      Intentionally Omitted.

         26.      WILMINGTON TRUST APPROVAL. It shall be a condition to Buyer's
                  and Seller's obligations herein under this Agreement that the
                  parties shall obtain all necessary approvals from Wilmington
                  Trust (the "Wilmington Trust Approval") with respect to the
                  Assignment of Fee Agreement, as evidenced by the execution by
                  Wilmington Trust of the Assignment of Fee Agreement. If the
                  Wilmington Trust Approval is not obtained on or before the
                  Closing Date, unless Wilmington Trust

                                      -18-
<PAGE>   19

                  is to be replaced as the independent trustee of the Owner with
                  an institutional trustee acceptable to Buyer and Lender (the
                  post-closing cost and fees of which shall be Buyer's sole
                  responsibility), then the Deposit shall be immediately
                  refunded to the Buyer and this Agreement shall automatically
                  terminate and be void without recourse to, or any further
                  obligation of, the parties hereto. Buyer and Seller
                  acknowledge that neither party has made any representations or
                  warranties regarding the ability to obtain the Wilmington
                  Trust Approval, and that in the event the parties are unable
                  to obtain the Wilmington Trust Approval for any reason,
                  neither party shall have any liability therefor and
                  notwithstanding anything in this Agreement to the contrary,
                  Buyer's sole remedy therefor shall be to obtain the refund of
                  the Deposit as aforesaid.

         27.      FURTHER ASSURANCES. To the extent required to correct any
                  filings (including, without limitation, Secretary of State,
                  county or local filings) relating to the Owner to reflect the
                  status of the Owner after consummation of the transactions
                  contemplated by this Agreement, including without limitation,
                  any changes in the independent manager, member, addresses or
                  agents for service of process listed in the filing in
                  connection with the Owner, the parties hereto agree to
                  reasonably cooperate with each other to accomplish the same,
                  including, without limitation, the execution, delivery and
                  filing of any amendatory filings necessary or desirable to
                  correct such filing. The covenants contained in this Section
                  shall survive the Closing.

         28.      CAPTIONS. The section headings appearing in this Agreement are
                  for convenience and reference only and are not intended, to
                  any extent and for any purpose, to limit or define the text of
                  any section or any subsection hereof.

         29.      LEGAL, ACCOUNTING AND TAX ADVICE. Each party to this Agreement
                  has obtained its own legal, accounting and tax advice, and has
                  not relied upon the other party or other party's advisors with
                  respect to legal, accounting and/or tax matters related to the
                  transaction evidenced by this Agreement.

         30.      COMPLETION OF FORMS. Whenever in this Agreement a document to
                  be delivered at the Closing is described by reference to a
                  form attached as an exhibit hereto, such documents shall be
                  completed substantially in conformance with the referenced
                  form attached as the Exhibit and completed in accordance with
                  the terms of this Agreement.

         31.      COVENANT OF SELLER. Seller shall maintain the existence,
                  qualification and good standing of Seller and Owner up to and
                  including the Closing Date.

                     [NO FURTHER TEXT APPEARS ON THIS PAGE]

                                      -19-
<PAGE>   20

Executed as an instrument under seal as of the date first set forth above.

         SELLER:                    CORPORATE REALTY INVESTMENT COMPANY, L.L.C.

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

         BUYER:                     FORT AUSTIN LIMITED PARTNERSHIP

                                    BY:  ARC FORT AUSTIN PROPERTIES, INC.

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

         ESCROW AGENT:              FIRST AMERICAN TITLE INSURANCE COMPANY

                                    By:
                                        ----------------------------------------
                                        Name:
                                               ---------------------------------
                                        Title:
                                               ---------------------------------
                                               Hereunto duly authorized

                                      -20-
<PAGE>   21

                                    EXHIBIT A

                      SEE ATTACHED DESCRIPTION OF PREMISES

                                       AND

                          LEGAL DESCRIPTION OF PREMISES

                                      -21-
<PAGE>   22

                                    EXHIBIT B

                           LIST OF FINANCING DOCUMENTS

                               (follows this page)

                                      -22-
<PAGE>   23

                                    EXHIBIT C

                             LIST OF LEASE DOCUMENTS

                                      -23-
<PAGE>   24

                                    EXHIBIT D

                    FORM OF ASSIGNMENT OF MEMBERSHIP INTEREST

DATE:                                       , 2001
                  --------------------------

ASSIGNOR:                  Corporate Realty Investment Company, L.L.C.

ASSIGNEE:
                  ------------------------------------------------

                                    RECITALS:

         A. Assignor presently owns 100% of the Membership Interest of CRICFW
One, LLC, a Delaware limited liability company, formed pursuant to a Limited
Liability Company Agreement (the "LLC Agreement") dated as of February 8, 1998
among Wilmington Trust Company as Independent Manager and Assignor as Member
(the "LLC"). As used herein, "Membership Interest" shall have the meaning given
to it in the LLC Agreement.

         B. Assignor and Assignee have entered into that certain Purchase and
Sale Agreement dated as of March __, 2001 (the "Purchase Agreement"), wherein
Assignor agreed to sell and Assignee agreed to buy the Membership Interest;

         FOR VALUABLE CONSIDERATION, the receipt and adequacy of which are
hereby acknowledged, Assignor agrees as follows:

         1. Assignment. Assignor assigns, transfers, sets over, and conveys to
Assignee, the Membership Interest.

         2. Binding Effect. This Assignment shall inure to the benefit of and be
binding upon the parties hereto and their respective successors and assigns.

         3. Construction; Definitions. This Assignment shall be construed
according to Delaware law. Capitalized terms used and not otherwise defined
herein shall have the meanings given to such terms in the Purchase Agreement.

         4. Warranty. Assignor represents and warrants that (i) the Membership
Interest is being assigned, transferred, set over and conveyed free and clear of
any liens, encumbrances or

                                      -24-
<PAGE>   25

claims of third parties of any kind, (ii) Assignor has not assigned, pledged or
transferred the membership interest to any third party, and (iii) no third party
has any right or option to acquire the Membership Interest; and Assignor agrees
to defend the Membership Interest unto Assignee, its successors and assigns,
forever.

DATED as of the day and year first above written.

         ASSIGNOR:

         Corporate Realty Investment Company, L.L.C.,
         a Delaware limited liability company

         By:
             ---------------------------------------------

         ACCEPTED:

         ASSIGNEE:

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

         By:
             ---------------------------------------------
             Name:
             Its:

                                      -25-
<PAGE>   26

                                    EXHIBIT E

                          LIST OF ENVIRONMENTAL REPORTS
                       AND ADDITIONAL PROPERTY INFORMATION

                                      -26-
<PAGE>   27

                                    EXHIBIT F

                       LIST OF OWNER FINANCIAL STATEMENTS

                                      -27-
<PAGE>   28

                                    EXHIBIT G

             LIST OF TENANT AND LEASE GUARANTOR FINANCIAL STATEMENTS

                                      -28-
<PAGE>   29

                                    EXHIBIT H

                           LIST OF TITLE DOCUMENTATION

                                      -29-
<PAGE>   30

                                    EXHIBIT I

                             Intentionally Omitted.

                                      -30-
<PAGE>   31

                                    EXHIBIT J

                          FORM OF NON-FOREIGN AFFIDAVIT

         Section 1445 of the Internal Revenue Code provides that a transferee of
a U.S. real property interest must withhold tax if the transferor is a foreign
person. To inform the transferee that withholding of tax is not required upon
the disposition of a U.S. real property interest by Corporate Realty Investment
Company L.L.C. ("Seller"), the undersigned hereby certifies the following:

         1.       Seller is not a foreign person, foreign corporation, foreign
                  partnership, foreign trust, or foreign estate (as those terms
                  are defined in the Internal Revenue Code and Income Tax
                  Regulations);

         2.       Seller's U.S. taxpayer identification number is 04-3342656;
                  and

         3.       Seller's address is One Exeter Plaza, Boston, Massachusetts
                  02116.

         The undersigned understands that this certification may be disclosed to
the Internal Revenue Service by the transferee and that any false statement
contained herein could be punished by fine, imprisonment, or both. Under
penalties of perjury, the undersigned declares that it has examined this
certification and to the best of its knowledge and belief it is true, correct,
and complete, and further declares that it has authority to sign this document.

Date:  As of _____________, ____    Corporate Realty Investment Company L.L.C.

                                    By:
                                        ----------------------------------------

                                        ---------------------------
                                        Its Chief Operating Officer

                                      -31-
<PAGE>   32

                                   EXHIBIT K

                          ASSIGNMENT OF FEE AGREEMENT

DATE:                                       , 2001
                  --------------------------

ASSIGNOR:         Corporate Realty Investment Company, L.L.C.

ASSIGNEE:                                   .
                  --------------------------

                                    RECITALS:

         A. Assignor presently owns 100% of the Membership Interest of CRICFW
One, LLC, a Delaware limited liability company, formed pursuant to a Limited
Liability Company Agreement dated as of February 8, 1998 (the "LLC Agreement")
among Wilmington Trust Company as Independent Manager and Assignor as Member
(the "LLC"). As used herein, "Membership Interest Interest" shall have the
meaning given to it in the LLC Agreement.

         B. Wilmington Trust and Assignor entered into that certain Fee
Agreement, dated as of ____________________, 1998 (the "Fee Agreement"),
pursuant to which Fee Agreement Wilmington Trust and Assignor agreed that
Wilmington Trust Company would act as Independent Manager for the LLC.

         C. Assignor and Assignee have entered into that certain Purchase and
Sale Agreement dated as of March __, 2001, (the "Purchase Agreement"), wherein
Assignor agreed to sell and Assignee agreed to buy 100% of the Membership
Interest in the LLC;

         D. In conjunction with Assignor's sale of the Membership Interest to
Assignee, Assignor now would like to assign the Fee Agreement to Assignee.

         FOR VALUABLE CONSIDERATION, the receipt and adequacy of which are
hereby acknowledged, Assignor and Assignee agree as follows:

         1. Assignment. Assignor assigns, transfers, sets over, and conveys to
Assignee, all of its right, title and interest in the Fee Agreement.

                                      -32-
<PAGE>   33

         2. Binding Effect. This Assignment shall inure to the benefit of and be
binding upon the parties hereto and their respective successors and assigns.

         3. Construction. This Assignment shall be construed according to
Delaware law.

         4. Non-Recourse. Assignee agrees that the liability of Assignor, where
applicable, under this Assignment, the Purchase Agreement, and any other
agreement, document, certificate or instrument delivered by Assignor to
Assignee, or under any law applicable this transaction, shall be limited as
provided in Section 17 of the Purchase Agreement.

DATED as of the day and year first above written.

         ASSIGNOR:

         Corporate Realty Investment Company, L.L.C.,
         a Delaware limited liability company,

         By:
             -------------------------------------------
             Name: Marcy Axelard
             Title: Vice President

         ACCEPTED:

         ASSIGNEE:

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

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

CONSENTED TO:

Wilmington Trust Company

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

                                      -33-
<PAGE>   34

                                    EXHIBIT A

<TABLE>
<CAPTION>
PROPERTY                                                       PURCHASE PRICE
--------                                                       --------------
<C>                                                            <C>
8301 Canyon Drive, Amarillo, TX 79118                            $  554,478
330 Pearman Dairy Road, Anderson, SC 29625                       $1,025,836
12058 South Washington Hwy., Ashland, VA 23005                   $  793,692
1395 E.Lynchburg/Salem Tpk., Bedford, VA 24532                   $  977,956
409 St. Johns Road, Bonifay, FL 32425                            $1,075,858
6100 Hwy 153, Chattanooga, TN 37343                              $  952,771
40165 US Hwy 441 North, Commerce, GA 30529                       $1,038,547
1414 Ritter Drive (Route 19) Daniels, WV 25832                   $  586,239
1797 Hwy 400, Dawsonville, GA 30534                              $1,232,812
1321 19E Bypass, Elizabethton, TN 37643                          $  843,678
732 S. Ron McNair Blvd., Lake City, SC 29560                     $  606,882
905 Cobb Pkwy NE, Marietta, GA 30062                             $  994,680
1765 US Hwy 601 North, Mocksville, NC 27028                      $  989,551
6075 Savannah Way, Ravenel, SC 29470                             $  554,826
28240 Southwest Freeway, Rosenberg, TX 77471                     $  973,148
10437 South 1-35, Hewitt, TX 76706                               $  880,127
931 Carrolton Hwy, Temple, GA 30179                              $  761,803
2901 E. Service Road, West Memphis, AR 72301                     $  847,377
</TABLE>

                                      -34-
<PAGE>   35

                                    Exhibit A

                                Legal Description

Loan # 3 -

West Memphis, Arkansas
Facility Number: 2110

Lot 20 of the Walker Estate Subdivision in the West Half of Section 9, Township
6 North, Range 9 East, in the City of West Memphis, Arkansas, as shown by plat
of record in Plat Book 2 Page 201 in Crittenden County, Arkansas, and subject to
easements, rights of way and set-back limits as noted on plat of record in Plat
Book 4 Page 301.

Also being described on a Plan of Land entitled "ALTA/ACSM Land Title Survey
prepared for Hayes & Matthews, Inc. Fleetwood Retail Corporation, 201 Eat
Service Road, West Memphis, AR, Scale 1"=30', dated January 17, 2000, Job Number
18676 as follows:

All of Lot 20 of the Walker Estate Subdivision in the City of West Memphis,
Crittenden County, Arkansas, as shown by a plat of record in Plat Book 2, Page
201 of the Crittenden County Records, more particularly described as: Beginning
at a found 5/8" iron pin with surveyor's cap marking the Northwest Corner of
said Lot 20, said point being at the intersection of the East Right-of-Way line
of North Walker Avenue with the South Right-of-Way line in the South service
road of highway interstate 55; thence along the South Right-of-Way line of said
South service road S 65(degree)28'00" E 670.25' to a found 1 1/2" pipe; thence
leaving said Right-of-Way S 24(degree)32'00" W 200' to the North line of 3rd
Rich Eastern Addition to the City of West Memphis, Arkansas, as shown in plat
book 2 page 118, thence along said North line N 65(degree)28'33" W 181.70' to a
found 5/8" pin with surveyor's cap; thence along West line of said 3rd Rich
Eastern Addition S 0(degree)58'10" W 108.70' to a found 5/8" iron pin with
surveyor's cap; thence N 65(degree)32'43" W 394.98' to a found 5/8" iron pin
with surveyor's cap, said point being on the East Right-of-Way line of North
Walker Avenue, thence along said East Right-of-Way line North 330' to the Point
of Beginning. Containing 3.78 acres, more or less.

                                      -35-
<PAGE>   36

                                    EXHIBIT A

Loan # 4

Bonifay, Florida
Facility Number 1151

Commence at the Northwest Corner of the NE 1/4 of SE 1/4 of Section 12, Township
4 North, Range 15 West, Homes County, Florida and run S 04(degree)33'44" W 63.88
feet to a point on the South Right-of-Way line of St. Johns Road; thence S
88(degree)27'24" E, along said South Right-of-Way line 768.06 feet to the Point
of Beginning; thence continue along said south right-of-way line S
02(degree)13'36" W 330.00 feet; thence S 88(degree)27'24" E 341.00 feet to the
West right-of-way line of State Road No. 79; thence S 02(degree)13'36" W along
said West right-of-way line 368.62 feet; thence S 41(degree)07'32" W 271.34 feet
to a point on the North right-of-way line of Interstate 10; thence S
88(degree)39'37" W along said North right-of-way line 363.69 feet; thence S
77(degree)22'23" W 184.25 feet, thence leaving said North right-of-way' line N
02l3'36' E 581.08 feet; thence S 88(degree)'27'24" E 311.58 feet; thence leaving
said North right-of-way line N 02(degree)13'36" E 390.08 feet to the South
right-of-way line of St. Johns Road and the POINT OF BEGINNING.

Being more particularly described as follows:

SURVEYOR'S LEGAL DESCRIPTION:

A portion of Section 12, Township 4 North, Range 15 West. Holmes County,
Florida. being more particularly described as follows:

Commence at the Northwest corner of the Northeast Quarter (NE 1/4) of the
Southeast Quarter (SE 1/4) of said Section 12; thence South 04(degree)33'44'
West a distance of 63.88 feet to a point on the Southerly right-of-way line of
St. Johns Road; thence South 88(degree)27'24" East. along said southerly
right-of-way line a distance of 768.06 feet to a nail in pavement marking the
POINT OF BEGINNING of the following described parcel; thence South
88(degree)30'19" East along said southerly right-of-way line a distance of 58.95
feet to an iron pipe; thence South 02(degree)13'23" West a distance of 330.00
feet to an iron pipe; thence South 88(degree)26'08" East a distance of 340.99
feet to an iron pipe on the westerly right-of-way line of State Road 79
(Variable width right-of-way); thence South 02(degree)13'05" West along said
right-of-way line a distance of 369.19 feet to a rebar; thence South
41(degree)08'47" West along the mitered corner of the intersection of said
westerly right-of-way line of State road 79 with the northerly right-of-way line
of Interstate 10 (Variable width right-of-way) a distance of 271.40 feet to a
rebar; thence South 88(degree)42'25' West along said northerly right-of-way line
of Interstate 10 a distance of 363.68 feet to a rebar; thence South
77(degree)2924" West a distance of 184.20 feet to an iron pipe; thence North
02(degree)13'36" East a distance of 581.08 feet to an iron pipe; thence South
88(degree)25'53" East a distance of 311.58 feet to an iron pipe; thence North
02(degree)14'31" East a distance of 390.17 feet to the POINT OF BEGINNING.

                                      -36-
<PAGE>   37

                                    Exhibit A

Legal Description

Loan # 5
Commerce, Georgia
Facility Number: 2141

ALL THAT TRACT OR PARCEL OP LAND lying and being In the 208th GMD, Banks County,
Georgia and the 255th CUD, Jackson County, Georgia and being designated Tract 3
and Tract 4 on that certain plot of survey prepared for Tony Gary by Max
Lewallen, RLS, dated November 18, 1994 and recorded in Plat Book 19 Page 166 of
the Banks County, Georgia records and Plat Book 45, Page 161, of the Jackson
County, Georgia records, and being more particularly described as follows:

Beginning at a concrete monument found on the northeasterly variable
right-of-way of U.S. Hwy. 441 & SR. 15, said concrete monument being 2,551.15
feet northwesterly along said right-of-way from the northwesterly 100 foot
right-of-way of S.R. 59; thence along the said northeasterly right-of-way of
U.S. Hwy. 441 & S.R. 15, the following courses: North 54 degrees 40 minutes 15
seconds West a distance of 91.19 feet to a concrete found. thence clang the arc
of a curve to the right (said curve having a radius of 5,609.58 feet and being
subtended by a chord with a bearing of North 23 degrees 44 minutes 30 seconds
West and a length of 408.60 feet) an arc distance of 408.69 feet to on iron pin
set: thence leaving said right-of-way North 77 degrees 17 minutes 08 seconds
East a distance of 761.58 feet to an iron pin set; thence South 00 degrees 23
minutes 30 seconds West. a distance of 346.75 feet to an iron pin found, thence
South 63 degrees 43 minutes 45 seconds West. a distance of 559.52 feet to a
concrete monument found on the northeasterly variable right-of-way of U.S Hwy
441 & SR. 15. said concrete monument found being the TRUE POINT OR BEGINNING.

Said above described property contains 6.33 acres, more or less.

Banks County Tax Parcel No. 22-013A

                                      -37-
<PAGE>   38

                                    Exhibit A

                                Legal Description

Loan # 6

Dawsonville, Georgia
Facility Number: 2123

All that tract or parcel of land lying and being in Land Lot 474 of the south
half of the 13th District 1st Section of Dawson County, Georgia, and being more
particularly described as follows:

Beginning at a 3/4" open top pipe found at the corner common to Land Lots 473,
474, 499 and 500 of the said district, Section and county; thence North
89(degree) 17 minutes 28 seconds west, along the south land lot line of Land Lot
474, a distance of 739.92 feet to an iron pin located on the southeasterly right
of way line of Georgia Highway No. 400 (a variable right of way); thence North
17(degree) 57 minutes 30 seconds east, along the southeasterly right of way line
of Georgia Highway No. 400, a distance of 116.21 feet to a concrete monument;
thence northeasterly, along the southeasterly right of way of Georgia Highway
No. 400 along an arc of a curve to the right having a radius of 5529.58 feet and
a chord bearing and distance of North 31(degree) 06 minutes 28 seconds East,
153.10 feet, an arc distance of 158.10 feet to a point; thence North 31(degree)
55 minutes 49 seconds East, along the southeasterly right of way line of Georgia
Highway No. 400, a distance of 563.07 feet a point in the centerline of a creek;
thence departing said right-of-way and traveling along the centerline of said
creek the following courses and distances; South 73(degree) 27 minutes 56
seconds east, 13.57 feet to a point; thence North 75(degree) 51 minutes 00
seconds east, 16.86 feet to a point; thence South 62(degree) 37 minutes 31
seconds east, 26.60 feet to a point; thence South 41(degree) 43 minutes 07
seconds east, 24.43 feet to a point; thence South 09(degree) 59 minutes 25
seconds east, 20.33 feet to a point; thence South 47(degree) 13 minutes 30
seconds east, 50.44 feet to a point; thence North 89(degree) 57 minutes 14
seconds east, 33.11 feet to a point; thence North 84(degree) 55 minutes 25
seconds east, 15.74 feet to a point; thence North 32(degree) 30 minutes 06
seconds east, 11.54 feet to a point; thence South 73(degree) 20 minutes 26
seconds east, 20.88 feet to a point; thence South 77(degree) 49 minutes 22
seconds east, 49.71 feet to a point; thence South 88(degree) 19 minutes 06
seconds east, 16.13 feet to a point; thence South 51(degree) 13 minutes 58
seconds east, 51.27 feet to a point, and thence North 85(degree) 21 minutes 05
seconds east, 32.56 feet to a point located on the east land lot line of Land
Lot 474; thence departing the centerline of said creek South 00(degree) 00
minutes 32 seconds west, along the east land lot line of Land Lot 474, a
distance of 617.41 feet to a 1/4" open top pipe and the point of beginning; said
property containing 377,646.11 square feet or 8.67 acres of land as shown and
delineated on that certain plat of survey prepared for Fleetwood Homes by
Thompson & Associates Land Surveying, Inc. dated 1/20/00.

                                      -38-
<PAGE>   39

                                   Exhibit A

                               Legal Description

Loan # 7
Marietta, Georgia
Facility Number: 2259

All that tract or parcel of land lying and being in Land Lot 1001 of the 16th
District, 2nd Section, Cobb County, Georgia and being more particularly
described as follows:

Commencing at the Land Lot corner common to Land Lots 1001, 1000, 1016, and
1017, thence North 88(degree) 16 minutes 09 seconds West a distance of 200.00'
to a point; thence North 83(degree) 25 minutes 19 seconds West a distance of
77.10 feet along the southern line of Land Lot 1001 to a point; said point being
the true point of beginning.

Thence continuing along said Land Lot line North 88(degree) 25 minutes 19
seconds West a distance of 458.77 feet to a 1/2 inch rebar found;

Thence North 00(degree) 24 minutes 22 seconds East a distance of 33 1.66 feet to
a point;

Thence South 80(degree) 12 minutes 49 seconds East a distance of 199.66 feet to
a bent 1/2 inch rebar found;

Thence North 00(degree) 24 minutes 21 seconds East a distance of 304.21 feet to
a bent 1/2 inch rebar found on the southern variable right of way of Cobb
Parkway;

Thence along said right of way along the arc of a curve to the right (said curve
having a radius of 3700.20 feet and being subtended by a chord with a bearing of
South 69(degree) 22 minutes 09 seconds East and a length of 143 66 feet) an arc
distance of 148.67 feet to a point;

Thence continuing along said right of way along the arc of a curve to the right
(said curve having a radius of 3721.41 feet and being subtended by a chord with
a bearing of South 51(degree) 42 minutes 58 seconds East and a length of 316.65
feet) an arc distance of 316.74 feet to a point;

Thence leaving said right of way South 38(degree) 04 minutes 22 seconds West a
distance of 194.20 feet to a 1/2 inch rebar found,

Thence South 02(degree) 50 minutes 35 seconds West a distance of 2l8.37 feet to
a point, said point being the true point of beginning

Said tract contains 235.107 square feet of 5.158 acres, more or less.

                                      -39-
<PAGE>   40

                                    Exhibit A

                                Legal Description

Loan # 8
Temple, Georgia
Facility Number: 2094

All that tract or parcel of land lying and being in Land Lots 167 & 168 of the
7th Land District of Carroll County Georgia and being more particularly
described as follows:

Beginning at an iron pin set at the intersection of the western 80 foot right of
way of State Route 113 and the northern 140 foot right of way of West Luke Road;
said pin being the true point of beginning.

Thence along said right of way of West Luke Road South 75(degree) 01 minutes 31
seconds West a distance of 400.44 feet to an iron pin set;

Thence leaving said right of way North 22(degree) 15 minutes 58 seconds West a
distance of 727.61 feet to an iron pin set;

Thence along the centerline of a creek with a straight line bearing of North
08(degree) 06 minutes 34 seconds East and a distance of 100.25 feet to an iron
pin set;

Thence South 37(degree) 31 minutes 19 seconds East a distance of 192.76 feet to
a concrete monument found;

Thence South 38(degree) 32 minutes 34 seconds East a distance of 333.65 feet to
a concrete monument found;

Thence South 20(degree) 53 minutes 28 seconds East a distance of 250.47 feet to
an iron pin set;

Thence North 69(degree) 08 minutes 37 seconds East a distance of 90.00 feet to
an iron pin set on the 80 foot right of way of State Route 113;

Thence along said right of way South 20(degree) 37 minutes 55 seconds East a
distance of 211.43 feet to an iron pin set, said pin being the true point of
beginning.

Also being described on a plan of land entitled "ALTA/ACSN Land Title Survey,
Fleetwood Retail Corporation, 931 Carrollton Highway, Temple, Georgia", dated
January 19, 2000, Job No. 18681, by Thompson & Associates Land Surveying, Inc.,
as follows:

All that tract or parcel of land lying and being in Land Lots 117 & 140 of the
6th Land District of Carroll County. Georgia and being more particularly
described as follows: 4.

Beginning at an rebar at the intersection of the western 80 toot right of way of
State Route 113 and the northern 140 foot right of way of West Luke Rood; said
rebar being the TRUE POINT

                                      -40-
<PAGE>   41

OF BEGINNING; thence along said right of way of West Luke Road. South
75(degree)01'31" West a distance of 400.44 feet to a rebar; thence leaving sold
right of way North 22(degree)15'58" West. a distance of 727.61 feet to a rebar;
thence along the centerline of a creek with a straight-line bearing of North
08(degree)06'34" East a distance of 100.25 feet to a rebar on the Southerly
right of way line of Interstate 20; thence South 87(degree)31'19" East along
said right of way line, a distance of 192.76 feet to a concrete monument; thence
South 38(degree)32'34" East, a distance of 333.65 feet to a concrete monument;
thence South 20(degree)53'28" East. a distance of 250.47 feet; thence North
69(degree)08'37" East. a distance of 90.00 feet to a rebar on the 80 foot right
of way of State Route 113; thence along said right of way South 20(degree)37'55"
East a distance of 211.43 feet to a rebar; said rebar being the TRUE POINT OF
BEGINNING.

                                      -41-
<PAGE>   42

                                    Exhibit A

                                Legal Description

Loan # 10
Mocksville, North Carolina
Facility Number: 1173

Lying and being in Mocksville Township of Davie County, N.C. and beginning at an
iron found with a cap of Grady L. Tutterow, RLS #2527, said iron being located
at the East corner of a portion of Tax Parcel 6, Tax Map H-4, being located
North 33(Degree) 44' 41" West 1778.74 feet (Horizontal Grid Distance) from NCGS
Monument "Blaise" being located at NAD 83, N.C. Grid Coordinates, Northing
242673.204 meters, Easting 465761.839 meters, being located North 26(Degree) 49'
32" West 393.30' (Horizontal Ground Distance) from an iron found on the North
corner of a portion of Tax Parcel 6, Tax Map H-4, described in Deed Book 202,
Page 575 and being located at the point of beginning.

Thence across Tax Parcel 6 with the following lines South 64(Degree) 24' 15"
West 433.20 feet to an iron found; thence South 64(Degree) 23' 18" West 110.84
feet to an iron found; thence North 34(Degree) 46' 52" West 393.27 feet to an
iron found in the eastern line of Dorman Brown's property, Plat Book 4, Page 31,
thence with this line North 64(Degree) 21' 49" East 110.83 feet to an iron found
with a Tutterow Cap; thence North 64(Degree) 28' 00" East 104.76 feet to an iron
found in the South corner of John D. Rummage's property, Deed Book 56, Page 251;
thence North 64(Degree) 21' 48" East 328.38 feet to an iron found; thence South
40(Degree) 52' 18" East 166.24 feet to an iron place; thence South 31(Degree)
55' 01" East 138.63 feet to an iron placed; thence South 28(Degree) 21' 12" East
95.29 feet to an iron found with a Tutterow Cap at the point of beginning.

Also being described on a plan of land entitled "ALTA/ACSM Land Title Survey,
Fleetwood Retail Corporation, 1765 U.S. Highway 601/James A. Daughterty, Davie
County, Mocksville, North Carolina", dated 1/21/00 as Job No. 18683, by Site
Design, Inc., as follows:

ALL THAT CERTAIN PIECE, PARCEL OR TRACT OF LAND SITUATE, LYING AND BEING IN THE
TOWN OF MOCKSVILLE. DAVIE COUNTY. STATE OF NORTH CAROLINA, CONTAINING 5.000
ACRES. ACCORDING TO AN "ALTA/ACSM LAND TITLE SURVEY FOR FLEETWOOD RETAIL
CORPORATION, 1765 U.S. HIGHWAY 601/JAMES A. DAUGHTERTY, DAVIE COUNTY,
MOCKSVILLE, NORTH CAROLINA". DATED 1/21/2000 BY SITE DESIGN. INC. WITH THE
FOLLOWING METES AND BOUNDS TO WIT:

BEGINNING AT AN OLD 5/8 SOLID ROD IRON PIN ON THE SOUTHWESTERN RIGHT OF WAY OF
U.S. HIGHWAY 601 AND THE JOINT NORTHERN MOST CORNER OF CAROL P. ARMSTRONG
PROPERTY NOW OR FORMERLY. SAID IRON PIN BEING LOCATED N 33-44-56 W 1778.93 FEET
FROM A NCGS MONUMENT (BLAISE). ALSO

                                      -42-
<PAGE>   43

LOCATED 1100 FEET +/- FROM BLAISE CHURCH ROAD, THENCE LEAVING SAID RIGHT OF WAY
AND ALONG THE LINE OF THE ARMSTRONG PROPERTY S 64-25-03 W 433.26 FEET TO AN OLD
5/8 SOLID ROD IRON PIN, THENCE S 64-16-37 W 110.77 FEET TO AN OLD 1/2 SOLID ROD
IRON PIN. THENCE N 34-4.8-10 W 398.32 FEET TO AN OLD 1/2 SOLID ROD IRON PIN AT
OR NEAR THE END OF HILLSIDE DRIVE. THENCE TURNING AND RUNNING ALONG THE END OF
HILLSIDE DRIVE AND ALONG THE LINE OF DORMAN & NANCIE BROWN PROPERTY (LOT 7
RICHARDSON ESTATE) NOW OR FORMERLY. N 64-20-59 E 110.88 FEET TO AN OLD 1/2 SOLID
ROD IRON PIN. THENCE ALONG THE LINE OF THE BROWN PROPERTY (LOT 7 RICHARDSON
ESTATE) N 64-25-35 E 104.77 FEET TO AN OLD 3/4 OPEN TOP IRON PIN AT THE JOINT
CORNER OF JOHN D. & HAZEL FAYE RUMMAGE PROPERTY NOW OR FORMERLY, THENCE ALONG
THE LINE OF THE RUMMAGE PROPERTY N 64-21-48 E 328.35 FEET TO AN OLD 3/4 1/2 OPEN
TOP IRON PIN (BENT) ON THE SOUTHWESTERN RIGHT OF WAY OF U.S. HIGHWAY 601, THENCE
ALONG SAID RIGHT OF WAY S 40-52-18 E 166.24 FEET TO A MAG NAIL SET, THENCE S
31-55-01 E 138.63 FEET TO A 5/8" REBAR IRON PIN SET. THENCE S 28-25-40 E 95.30
FEET TO THE POINT OF BEGINNING.

                                      -43-
<PAGE>   44

                                    Exhibit A

                                Legal Description

Loan # 11
Anderson, South Carolina
Facility Number: 2020

(1) All that certain piece, parcel or lot of land situate, lying and being in
Centerville Township, County of Anderson, State of South Carolina, containing
1.87 acres, more or less, and shown as Lot A on plat made by Farmer & Simpson
Engineers, by David N. Simpson, RLS, dated July 3, 1996, and recorded in the
Office of the Clerk of Court for Anderson County, S.C. in Plat Slide 695 at Page
2; being shown on a resurvey thereof by Nu-South Surveying, Inc., Earl B
O'Brien, S.C. RLS #10755, under date of September 4, 1998, said plat being duly
of record in the aforesaid Clerk's office in Plat Slide 946 at Page 1-A. As is
shown on said plat, Tract A contains 1.87 acres, more or less, and is bounded on
the North by the right of way for Standridge Road; on the East and South by
Tract 1 (to be separately acquired by the Grantee herein by deed to be recorded
simultaneously herewith), and on the West by S.C. Highway 28 Bypass.

(2) All that certain piece, parcel or lot of land situate, lying and being in
Centerville Township, County of Anderson, State of South Carolina being shown
and designated as Tract 1, containing 4.44 acres, more or less, on that certain
plat prepared by Nu-South Surveying, Inc., Earl B. O'Brien, S.C. RLS #10755,
under date of September 4, 1998, said plat being duly of record in the aforesaid
Clerk's Office in Plat Slide 946 at Page 1-A. As is shown on said plat, Tract I,
herein described, is bounded on the North partially by Tract 4, partially by the
right of way for Standridge Road, partially by lands of Pamela Moore (Flat Book
91 at Page 380), and partially by lands of Larry Cohen (Plat Book 19 at Page
184); on the East by lands of Ryder Truck Rental Inc. (Flat Book 33 at Page
585); on the South by Ryder Lane, and on the West partially by the 75' right of
way for S.C. Highway 28 Bypass and partially by Tract 4 The metes, bounds,
courses and distances as shown on said plat are incorporated herein by reference
and made a part hereof.

Also being described on a Plan of Land entitled "ALTA/ACSM Land Title Survey,
Fleetwood Retail Corporation, 405 Pearman Dairy Road (S.C. Highway 28 By-Pass),
Anderson County, Anderson, South Carolina", dated January 17, 2000 by Site
Design. Inc., Job Number 18684, as follows:

ALL THAT CERTAIN PIECE, PARCEL OR TRACT OF LAND SITUATE, LYING AND BEING IN
ANDERSON COUNTY, STATE OF SOUTH CAROLINA, CONTAINING 6.311 ACRES AND BEING KNOWN
AS "TRACT ONE AND TRACT FOUR ON SURVEY FOR FLEETWOOD RETAIL CORPORATION OF S.C."
AND BEING RECORDED IN THE R.O.D. OFFICE FOR ANDERSON COUNTY ON SLIDE 946, PAGE
1-A. ALSO BEING SHOWN ON AN "ALTA/ACSM LAND TITLE SURVEY FOR FLEETWOOD RETAIL

                                      -44-
<PAGE>   45

CORPORATION, 405 PEARMAN DAIRY ROAD (S.C. HIGHWAY 28 BY-PASS). ANDERSON COUNTY.
ANDERSON. SOUTH CAROLINA", DATED 4/17/2000 BY SITE DESIGN, INC. WITH THE
FOLLOWING METES AND BOUNDS TO WIT:

BEGINNING AT AN OLD 5/8" REBAR IRON PIN ON THE SOUTHERN RIGHT OF WAY OF
STANRIDGE ROAD (S-4-520) AND THE EASTERN RIGHT OF WAY OF PEARMAN DAIRY ROAD
(S.C. HIGHWAY 28 BY-PASS) AT THEIR INTERSECTIONS. THENCE ALONG THE RIGHT OF WAY
OF STANRIDGE ROAD (S-4-520) N 74-46-48 E 325.21 FEET TO AN OLD 1" OPEN TOP IRON
PIN (BENT), THENCE N 74-53-53 E 44.21 FEET TO AN OLD 3/4" OPEN TOP IRON PIN
(BENT), THENCE N 74-35-01 E 69.05 FEET TO AN OLD 1" OPEN TOP IRON PIN AT THE
JOINT CORNER OF PAMELA N. MOORE PROPERTY NOW OR FORMERLY. THENCE TURNING AND
LEAVING SAID RIGHT OF WAY AND ALONG THE LINE OF THE MOORE PROPERTY S 15-25-29 E
168.75 FEET TO AN OLD 1" OPEN TOP IRON PIN, THENCE S 38-O5-09 33.83 FEET TO AN
OLD 1" OPEN TOP IRON PIN, THENCE ALONG THE LINE OF THE MOORE PROPERTY AND LARRY
A. & VIRGINIA P. CONEN PROPERTY NOW OR FORMERLY N 74-31-39 E 94.99 FEET TO AN
OLD 1/2 " REBAR IRON PIN AT THE JOINT CORNER OF RYDER TRUCK RENTAL. INC.
PROPERTY NOW OR FORMERLY THENCE ALONG THE LINE OF RYDER TRUCK RENTAL INC.
PROPERTY S 15-46-26 E 359.38 FEET TO AN OLD 1/2" REBAR IRON PIN AT `THE JOINT
CORNER OF TRACT THREE FLEETWOOD RETAIL CORPORATION OF S.C. NOW OR FORMERLY,
THENCE ALONG THE LINE OF TRACT THREE FLEITh4000 RETAIL CORPORATION OF S.C. S
65-57-50 W 260.20 FEET TO AN OLD 5/8" REBAR IRON PIN ON THE LINE OF TRACT TWO
FLEETWOOD RETAIL CORPORATION OF S.C. NOW OR FORMERLY, THENCE ALONG THE LINE OF
TRACT TWO FLEETWOOD RETAIL CORPORATION OF S.C. N 16-50-44 W 57.28 FEET TO AN OLD
5/8" REBAR IRON PIN, THENCE S 76-26-49 W 235.02 FEET TO A POINT IN POWER POLE ON
THE EASTERN RIGHT OF WAY OF PEARMAN DAIRY ROAD (S.C. HIGHWAY 28 BY-PASS)
CROSSING OVER AN OLD 5/8" REBAR IRON PIN AT 230.02 FEET, THENCE ALONG SAID RIGHT
OF WAY N 23-54-58 W 290.72 FEET TO AN OLD 1" OPEN TOP IRON PIN (BENT). THENCE N
23-58-39 W 2.24.90 FEET TO AN OLD 5/8" REBAR IRON PIN, THENCE N 25-13-42 E 32.65
FEET TO THE POINT OF BEGINNING.

Being the same property conveyed to Grantor by Deed of Record in Book ________
Page ______, Register's Office of Anderson County, South Carolina

                                      -45-
<PAGE>   46

                                    Exhibit A

                                Legal Description

Loan # 12
Lake City, South Carolina
Facility Number: 1149

All that certain piece, parcel or tract of land lying and being situate in
School District Number 3 in the City of Lake City, County of Florence, State of
South Carolina containing four (4.0) acres as shown on a certain plat of the
property by William F. Cox, Jr., R.L.S. dated June 4, 1998 and recorded in Plat
Book 68 at Page 377 in the Office of the Clerk of Court for Florence County with
the said plat being incorporated herein by reference and with the property being
bounded generally as follows:

On the North by property of the South Carolina Department of Highways and Public
Transportation; on the East by the right of way of US Highway 52; and on the
South and West by property now or formerly of GMP Land Developers, Inc.

Also being described on a Plan of Land entitled "ALTA/ACSM Land Title Survey,
Fleetwood Retail Corporation, 732 South Ron McNair Bou1evard, (U.S. Highway
52), Florence County, Lake City, South Carolina, Scale 1"= 40", dated January
14, 2000, as Job Number 18685 as follows:

ALL THAT CERTAIN PIECE, PARCEL OR TRACT OF LAND SITUATE, LYING AND BEING IN THE
CITY OF LAKE CITY, FLORENCE COUNTY, STATE OF SOUTH CAROLINA, CONTAINING 4.000
ACRES, ACCORDING TO AN "ALTA/ACSM LAND TITLE SURVEY FOR FLEETWOOD RETAIL
CORPORATION, 732 SOUTH RON McNAIR BOULEVARD, (U.S. HIGHWAY 52), FLORENCE COUNTY,
LAKE CITY, SOUTH CAROLINA", DATED 1/14/2000 BY SITE DESIGN, INC. WITH THE
FOLLOWING METES AND BOUNDS TO WIT:

BEGINNING AT AN OLD 3/4" REBAR IRON PIN ON THE WESTERN RIGHT OF OF SOUTH RON
McNAIR BOULEVARD U S HIGHWAY 52, AND THE JOINT NORTHEASTERN MOST CORNER OF R & W
INVESTMENTS, LLC PRORERTY NOW OR FORMERLY, SAID IRON PIN BEING 792' -+/- FROM
WEST COLE ROAD. THENCE LEAVING SAID RIGHT OF WAY AND ALONG THE LINE OF R & W
INVESTMENTS LLC PROPERTY N 80-22-35 W 498.01 FEET TO AN OLD 1/2" REBAR IRON PIN,
THENCE N 09-57-33 E 349.91 FEET TO AN OLD 1/2" REBAR IRON PIN AT THE JOINT
CORNER OF S.C. DEPARTMENT OF HIGHWAYS AND PUBLIC TRANSPORTATION PROPERTY NOW OR
FORMERLY, THENCE ALONG THE LINE OF S.C. DEPARTMENT OF HIGHWAYS AND PUBLIC
TRANSPORTATION PROPERTY S

                                      -46-
<PAGE>   47

80-22-16 E 497.99 FEET TO AN OLD 5/8" REBAR IRON PIN ON THE WESTERN RIGHT OF WAY
OF SOUTH RON McNAIR BOULEVARD U.S HIGHWAY 52 THENCE ALONG SAID RIGHT OF WAY S
09-57-22 W 349.87 FEET TO THE POINT OF BEGINNING.

Being the same property conveyed to Grantor by Deed of Record in Book ______,
Page __, Register's Office of Florence County, South Carolina

                                      -47-
<PAGE>   48

                                    Exhibit A

                                Legal Description

Loan # 13
Ravenel, South Carolina
Facility Number: 1077

All that certain piece, parcel or lot of land lying, situate and being known as
Lot 10 in St. Paul's Parish in the Town of Ravenel, Charleston County, State of
South Carolina, as shown on that plat of Lindsey Land Surveying Co., entitled
"Plat of New Lot 10 Located in St. Paul's Parish, the Town of Ravenel,
Charleston, South Carolina", said plat being dated July 22, 1997 and recorded
July 25, 1997 in the RMC Office for Charleston County in Plat Book EB at Page
947. Said lot containing four (4.0) acres, more or less, and being bounded as
follows:

On the North and East by lands now or formerly owned by Kenneth f. Baldwin; on
the South by frontage highway of U.S. Highway 17 South known as Savannah
Highway; on the Northwest by lands now or formerly of Ollie M. Brown; on the
Southwest by lands now or formerly of Victor W. Martensen, all of which being
shown on said plat.

Also being described on a Plan of Land entitled "ALTA/ACSM Land Title Survey,
Fleetwood Retail Corporation, 6075 Savannah Highway, (U.S. Highway South,
Charleston County, Ravenel, South Carolina, Scale 1"=40', dated January 13,
2000, as Job Number 18686 as follows:

ALL THAT CERTAIN PIECE, PARCEL OR TRACT OF LAND SITUATE, LYING AND BEING IN THE
TOWN OF RAVENEL, CHARLESTON COUNTY, STATE OF SOUTH CAROLINA, CONTAINING 3.996
ACRES, AND BEING KNOWN AS LOT 10 ON PLAT ENTITLED "PLAT OF NEW LOT 10" AND
RECORDED IN THE RMC OFFICE FOR CHARLESTON COUNTY IN PLAT BOOK EB, PAGE 947, ALSO
SHOWN ON AN "ALTA/ACSM LAND TITLE SURVEY FOR FLEETWOOD RETAIL CORPORATION, 6075
SAVANNAN HIGHWAY (U.S. HIGHWAY 17 SOUTH), CHARLESTON COUNTY. RAVENEL, SOUTH
CAROLINA", DATED 1/12/2000 BY SITE DESIGN, INC. WITH THE FOLLOWING METES AND
BOUNDS TO WIT:

BEGINNING AT AN OLD 5/8" SOLID ROD IRON PIN LOCATED ON THE SOUTHERN RIGHT OF WAY
OF SAVANNAH HIGHWAY, U.S. HIGHWAY 17 SOUTH AND THE JOINT NORTHWESTERN CORNER OF
VICTOR W. MARTENSEN PROPERTY NOW OR FORMERLY, SAID IRON PIN BEING 131 +/- FROM
WAGON WHEEL LANE, THENCE LEAVING SAID RIGHT OF WAY AND ALONG THE LINE OF
MARTENSEN PROPERTY S 12-13-32 E 307.74 FEET TO AN OLD 1.5" OPEN TOP IRON PIN AT
THE JOINT CORNER OF DEE ANN ALLEN PROPERTY NOW OR FORMERLY, THENCE ALONG THE
LINE OF THE ALLEN PROPERTY S 11-54-49 E 251.94 FEET TO AN OLD 5/8" SOLID ROD
IRON PIN AT THE JOINT CORNER OF KENNETH F. BALDWIN PROPERTY NOW OR FORMERLY.
THENCE ALONG THE LINE OF THE BALDWIN PROPERTY

                                      -48-
<PAGE>   49

S 75-53-42 W 319.53 FEET TO AN OLD 5/8" SOLID ROD IRON PIN, THENCE N 12-03-47 W
543.88 FEET TO AN OLD 5/8" SOLID ROD IRON PIN ON THE SOUTHERN RIGHT OF WAY OF
SAVANNAN HIGHWAY U.S. HIGHWAY 17 SOUTH, THENCE ALONG SAID RIGHT OF WAY N
75-54-45 E 286.76 FEET TO AN OLD 5/8" SOLID ROD IRON PIN, THENCE N 50-16-18 E
36.73 FEET TO THE POINT OF BEGINNING.

Being the same property conveyed to Grantor by Deed of Record in Book _______,
Page ______, Register's Office of Charleston County, South Carolina

                                      -49-
<PAGE>   50

                                    Exhibit A

                                Legal Description

Loan # 14
Soddy Daisy, Tennessee
Facility Number: 2236

Located in the City of Chattanooga, Hamilton County, Tennessee:

Beginning at an iron rod in the south margin of Boy Scout Road, said rod being
123.7 feet west of the intersection of said margin with the west margin of Echo
Glen Road, said rod marking the northwest corner of Lot I of Echo Glen
Subdivision, as recorded in Plat Book 27, Page 50; thence South 30 13 minutes
West following the west margin of lots 1 thru 5 of said subdivision a distance
of 427.64 feet to an iron rod; thence South 43(Degree) 13 minutes West following
the northwest margin of Lots 5 and 6 a distance of 70.70 feet to an iron rod;
thence North 86(Degree) 47 minutes West following the North margin of Lots 6, 8
and 9 a distance of 200.00 feet to an iron rod on the east margin of Tennessee
Highway No. 153, said rod marking the northwest corner of said Lot 9; thence
North 3(Degree) 13 minutes East following said East margin a distance of 500.00
feet to an iron rod on the South margin of Boy Scout Road; thence South
86(Degree) 47 minutes East following said South margin a distance of 78.67 feet
to an iron rod, thence continuing along said South margin along a curve to the
left, said curve having a radius of 312 01 feet, a arc length of 95.57 feet, a
chord bearing of South 75(Degree) 23 minutes 30 seconds East, and a chord length
of 95.20 feet to an iron rod; thence continuing along said margin in South
84(Degree) 10 minutes East a distance of 78.08 feet to an iron rod, said rod
being the point of beginning. As shown on Harvel & Associates, Inc. drawing
dated February 2, 2000.

Being the same property conveyed to Grantor by Deed of record in Book Page ____,
Register's Office of Hamilton County, Tennessee.

                                      -50-
<PAGE>   51

                                    Exhibit A

                                Legal Description

Loan # 15
Elizabethton, Tennessee
Facility Number 1161

TRACT I

Beginning on an iron pin found on the southwest side of Highway l9-E corner to
Michael 3. Brown and being the northernmost corner of the property herein.
described thence with the southwest right of way of Highway 19-E South
30(Degree) 33 minutes, 33 seconds East 300.00 feet to an iron pin set, thence
leaving said highway a new line dividing the Ronnie G. Street and Ruth Street
property South 70(Degree) 46 minutes 13 seconds West 398.72 feet to an iron pin
set on the northeast side of Old Highway 19-E, thence with the northeast side of
Old Highway l9-E North 20(Degree) 44 minutes 00 seconds West 300.00 feet to an
iron pin found corner to Michael J Brown; thence with the line of Brown North
71(Degree) 43 minutes 00 seconds East 347.70 feet to the point of beginning,
containing 2.54 acres, more or less, and being a part of the Ronnie C Street and
Ruth Street property as described in Deed book 378, Page 210, and as shown on
survey dated February 2, 2000 prepared by Harvel and Associates, Inc. known as
Job No. 0005 for Fleetwood Retail Corporation.

TRACT II

Beginning on an iron pin set on the southwest right of way of Highway l9-E at
the Southeast corner of the above-described 2 54 acres, and being located 300 00
feet from an iron pin found at the southeast corner of the Michael Brown
property, as measured along the southwest side of said highway, thence with the
southwest side of Highway 19-E South 30(Degree) 33 minutes 33 seconds East 25 50
feet to a point, thence leaving said highway a new line dividing the Ronnie
Street and Ruth Street property South 70(Degree) 46 minutes 13 seconds West 403
07 feet to a point on the northeast side of Old Highway 19-E; thence with the
northwest side of said highway North 20 44 minutes 01 seconds West 25.01 feet to
an iron pin set at the southernmost ____ of the 2.54 acres described above,
thence leaving Old Highway 19-E with the line of said 12.54 acres North
70(Degree)~ 46 minutes 13 seconds East 398.72 feet to the point of beginning
containing 0.23 acres more or less, and being a part of the Ronnie G Street and
Ruth Street property as described in Deed Book 378, Page 210, and as shown on
survey dated February 2 - 2000 prepared by Barvel and Associates, Inc. known as
Job No. 0005 for Fleetwood Retail Corporation.

Being the same property conveyed to Grantor by Deed of record in Book Page ____,
Register's Office of Carter County, Tennessee.

                                      -51-
<PAGE>   52

                                    Exhibit A

                                Legal Description

Loan # 16
Amarillo, Texas
Facility Number: 2144

A 5.3348 acre (232385 sq.ft.) tract of land out of Section 31, Block 9, B.S. &
F. Survey, Randall County, Texas, and being a part of a called 80.66 acre tract
described in a Deed to John W. Burruss as recorded in Volume 878, Page 69 of the
Deed Records of Randall County, Texas, said 5.3348 acre tract being more
particularly described by metes and bounds as follows:

Beginning at a 1/2" rebar found with Keys cap in the East right of way line of
Interstate Highway No. 27, the southwest corner of Lot 1, Block 2, Hollywood
Commercial Park Unit No. 6, as recorded in Volume 1 808, page 30, Randall County
Deed Records, and the northwest corner and point of beginning of this tract,
whence the southeast corner of said Section 31 bears N 90(Degree)00'00"E,
1137.15 feet and S 0(Degree)06'12" E, 2083.90 feet;

Thence S 62(Degree)25`00" E along the South line of said Lot 1, a distance of
120.75 feet to a 1/2" rebar found with Keys cap, the beginning of a curve to the
left having a radius of 2084.44 feet;

Thence along said curve to the left and the south line of said Lot 1, a distance
of 501.25 feet (ch. S 69(Degree)18'21" E -500.04 feet) to a 1/2" rebar set with
cap stamped "S.H. 4895", the Northeast corner of this tract;

Thence S 13(Degree)48'19" W, a distance of 350.00 feet to a 1/2" rebar set with
cap stamped "S.H. 4895", the southeast corner of this tract, same being a
non-tangent point on a curve to the right having a radius of 2434.44 feet;

Thence along said curve to the right a distance of 585 41 feet (ch. N 69(Degree)
18' 21" W -584.00 feet) to a 1/2" rebar set with cap stamped "S.H. 4895", the
end of said curve;

Thence N 62(Degree)25' 00" W, a distance of 120.50 feet to a 1/2" rebar set
with cap stamped "S.H. 4895", in the East right of way line of said Interstate
Highway No. 27, the Southwest corner of this tract;

Thence N 27(Degree)32' 31" E (Base Bearing) along the east right of way line of
said Interstate Highway No. 27, a distance of 350.00 feet to the point of
beginning of this tract;

Said tract contains a computed area of 5.3348 acres (232385 sq. ft.) more or
less.

                                      -52-
<PAGE>   53

                                    Exhibit A

                                Legal Description

Loan # 18
Rosenberg, Texas
Facility Number: 1157

2.5942 acres, more or less, in the J.D. Vermillon Survey, A-341, Fort Bend
County, Texas, being all of Restricted Reserve "A" of Amended Plat of Luby's
Roseberg, according to the plat recorded in Slide No. 1059/B of the Plat Records
of Fort Bend County, Texas.

Also being described on a Plan of Land entitled "ALTA/ACSM Land Title Survey,
Fleetwood Retail Corporation. 28240 Southwest Parkway, Rosenburg, TX, Scale
1"-30', dated February 8, 2000, as Job Number 18691 as follows:

2.5942 ACRES, MORE OR LESS in the J.D. Vermilion Survey. A-341, Fort Bend
County, Texas. being all of Restricted Reserve A of Amended Plot of' Lubys
Rosenberg, according to the plot recorded in Slide No. 1059/2, of the Plot
Records of Fort Bend County. Texas and being more particularly described as
follows:

Beginning at a 3/4" Iron Rod found for the southeast corner of said Restricted
Reserve A, sold point being at the intersection of the north right-of-way line
of U.S. Highway 59 and the west right-of-way line of Houston Street (60' wide
right-of-way);

Thence South 87'06'57" West along sold north right-of way line of U.S. Highway
59 a distance of 170.00 feet to a 3/4" Iron Rod found for corner;

Thence South 84'13'05" West continuing along said right-of-way line a distance
of 130.17 feet to a 3/4" Iron Rod found for the southwest corner said Restricted
Reserve A. said point being the most southerly southeast corner of Lot 3, Block
3, F.A. Kennelly Subdivision:

Thence North 02'53'03" West along the west line of said Lot 3, Block 3, F.A.
Kennelly Subdivision a distance of 350.60 feet to a 3/4" Iron Rod found for
corner;

Thence North 87'03'25" East along the south line of said Lot 3, Block 3.
F.A. Kennelly Subdivision a distance of 130.00 feet to a 3/4" Iron Rod found
for corner, said point being the most northerly southeast corner of said Lot
3, Block 3, F.A. Kennelly Subdivision;

Thence North 02'53'03" West a distance of 2.00 feet to a 3/4" Iron Pipe found
for corner, said point being the southwest corner of Lot 3, Block 2, Lone
Subdivision;

                                      -53-
<PAGE>   54

Thence North 87'06'57" East along the south line of said Lot 3, Block 2, Lane
Subdivision a distance of 170.00 feet to a 3/4" Iron Pipe found in the west
right-of-way line of Houston Street (60' wide right-of-way);

Thence South 02'53'03" East along said west right-of-way line of Houston Street
a distance of 376.15 feet to the Place of Beginning and containing 113,004
square feet or 2.5942 acres of land, more or less.

                                      -54-
<PAGE>   55

                                    Exhibit A

                                Legal Description

Loan # 18
Rosenberg, Texas
Facility Number: 1157

2.5942 acres, more or less, in the J.D. Vermillon Survey, A-341, Fort Bend
County, Texas, being all of Restricted Reserve "A" of Amended Plat of Luby's
Rosenberg, according to the plat recorded in Slide No. 1059/B of the Plat
Records of Fort Bend County, Texas.

Also being described on a Plan of Land entitled "ALTA/ACSM Land Title Survey,
Fleetwood Retail Corporation. 28240 Southwest Parkway, Rosenburg, TX, Scale
1"-30', dated February 8, 2000, as Job Number 18891 as follows:

2.5942 ACRES. MORE OR LESS in the J.D. Vermillon Survey, A-341. Fort Bend
County, Texas, being all of Restricted Reserve A of Amended Plot of Lubys
Rosenberg according to the plot recorded in Slide No. 1059/8 of the Plat
Records of Fort Bend County, Texas and being mare particularly described as
follows:

Beginning at a 3/4" Iron Rod found for the southeast corner of said Restricted
Reserve A, said point being at the intersection of the north right-of-way line
of U.S. Highway 59 and the west right-of-way line of Houston Street (60' wide
right-of-way);

Thence South 87'06'57" West along said north right-of-way line of U.S. Highway
59 a distance of 170.00 feet to a 3/4" Iron Rod found for corner:

Thence South 84'13'05" West continuing along said right-of-way line a distance
of 130.17 feet to a 3/4" Iron Rod found for the southwest corner said Restricted
Reserve A, said point being the most southerly southeast corner of Lot 3, Block
3, F.A. Kennelly Subdivision:

Thence North 02'53'03" West along the west line of said Lot 3, Block 3, F.A.
Kennelly Subdivision a distance of 350.60 feet to a 3/4" Iron Rod found for
corner;

Thence North 87'03'25" East along the south line of said Lot 3, Block 3, F.A.
Kennelly Subdivision a distance of 130.00 feet to a 3/4" Iron Rod found for
corner, said point being the most northerly southeast corner of said Lot 3,
Block 3, F.A. Kennelly Subdivision:

Thence North 02'53'03" West a distance of 2.00 feet to a 3/4" Iron Pipe found
for corner, said point being the southwest corner of Lot 3, Block 2, Lane
Subdivision;

                                      -55-
<PAGE>   56

Thence North 87'06'57" East along the south line of said Lot 3, Block 2, Lane
Subdivision a distance of 170.00 feet to a 3/4" Iron Pipe found in the west
right-of-way line of Houston Street (60 wide right-of-way):

Thence South 02'53'03" East along said west right-of-way line of Houston Street
a distance of 376.15 feet to the Place of Beginning and containing 113.004
square feet or 2.5942 acres of land, more or less.

                                      -56-
<PAGE>   57

                                    Exhibit A

                                Legal Description

Loan # 19
Waco, Texas
Facility Number: 2088

Being all of that tract of land out of the M. Martinez Survey and being a part
of that called 27.00 acres described in a deed to Fleetwood Home Centers of
Texas Inc. as recorded in Volume 330, Page 225 of the Official Public Records of
McLennon County, Texas, and being further described as follows:

BEGINNING at a 1/2" steel rod found in the southeast right-of-way line
Interstate Highway 35 for the Southwest corner of said 27.00 acres;

Thence North 26'04'00" East along the southeast right-of-way line of Interstate
Highway 35 a distance of 648.72 feet to a concrete monument found for corner;

Thence South 62'25'27" West a distance of 18.08 to a concrete monument found in
the southeast right-of-way line of Interstate Highway 35;

Thence North 26'03'36" East along the southeast right-of-way line of Interstate
Highway 35 a distance of 135.70 feet to a 1/2" steel rod found for corner;

Thence South 63'56'24" East a distance of 500.00 feet to a 1/2" steel rod found
for corner in the east line of said 27.00 acres;

Thence South 26'03'36" West along the east line of said 27.00 acres a distance
of 1112.24 feet to a 1/2" steel rod found for corner, said point being the
southeast corner of said 27.00 acres;

Thence North 28'57'40" West along the south line of said 27.00 acres a distance
of 597.22 feet to the Point of Beginning, and containing 10.6024 acres
(461,842.5 square feet) more or less.

                                      -57-
<PAGE>   58

                                    Exhibit A

                                Legal Description

Loan # 20
Ashland, Virginia
Facility Number:  2117

All that certain parcel of land, lying and being in Ashland Magisterial
District, Hanover County, Virginia, containing 2.965 acres + and described on a
plat entitled "Survey of 2.965 Acres of Land Part of Block B, Highland
Industrial Park, Section One, Town of Ashland, Hanover County, Virginia",
prepared by Youngblood, Tyler & Associates, P.C., dated November 30, 1998,
recorded in Plat Book 36, page 189, in that Clerk's Office, Circuit Court,
County of Hanover, Virginia, and more particularly described as follows:

Beginning at a point on the east line of U.S. Route 1, said point being 323.45'
South of the south line extended of Success Street; thence from said point of
beginning and continuing along the east line of U.S Route 1 N4(Degree)18'18"E,
294.25' to a point; thence leaving the east line of U.S. Route 1 along a curve
to the right with a radius of 30.00' and a length of 46.31' to a point on the
south line of Success Street; thence continuing along the south line of Success
Street S87(Degree)14'23"E, 334.18" to a point; thence along a curve to the left
with a radius of 784.24' and a length of 36.65' to a point; thence leaving the
south line of Success Street S04(Degree)l8'18" W. 324.30' to a point; thence
N87(Degree)14'23"W, 400.00' to the point and place of beginning containing 2.965
acres of land.

                                      -58-
<PAGE>   59

                                    Exhibit A

                                Legal Description

Loan # 21
Bedford, Virginia
Facility Number: 2090

All that certain tract or parcel of land, known and designated as Tract 11-A,
containing 6.980 acres as shown on a plat recorded in Court for the County of
Bedford, and made by Donnie W. Slusher, of Slusher, Simpkins and Assoc., P.C.,
July 29, 1994 and titled "Plat showing survey of a portion of property being
conveyed by Thomas E. Reynolds, Sr. Charitable Trust and Roger H. Arthur to
Mervin R. King and Virginia R. King", to which reference is here made for a more
precise description of said property.

Also being described on a Plan of Land entitled "ALTA/ACSM Land Title Survey
Fleetwood Retail Corporation, 1395 East Lynchburg/Salem Turnpike, Bedford
Virginia, Scale 1"=40', dated February 1, 2000, as Job Number 14977 as follows:

ALL THAT CERTAIN TRACT PIECE OR PARCEL OF LAND LYING AND BEING SITUATED IN
BEDFORD COUNTY, VIRGINIA AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

BEGINNING AT A 1/4 INCH ROD FOUND IN THE SOUTH LINE OF EAST LYNCHBURG-SALEM
TURNPIKE. U.S. ROUTE 460, AT ITS INTERSECTION WITH DILLON DRIVE (A PRIVATE
DRIVE); THENCE LEAVING SAID ROAD SOUTH 67 DEGREES 38 MINUTES 27 SECONDS WEST
1041.38 FEET TO A 1/4 INCH ROD FOUND IN THE CENTER OF A CREEK; THENCE ALONG SAID
CREEK THE FOLLOWING BEARING AND DISTANCES NORTH 02 DEGREES 25 MINUTES 48 SECONDS
EAST 18.74 FEET TO A POINT; THENCE NORTH 23 DEGREES 13 MINUTES 25 SECONDS EAST
43.99 FEET TO A POINT; THENCE NORTH 01 DEGREES 48 MINUTES 15-SECONDS EAST 22.93
FEET TO A POINT; THENCE NORTH 20 DEGREES 34 MINUTES 03 SECONDS EAST 23.18 FEET
TO A POINT; THENCE NORTH 04 DEGREES 34 MINUTES 37 SECONDS WEST 14.01 FEET TO A
POINT; THENCE NORTH 47 DEGREES 17 MINUTES 25 SECONDS EAST 29.93 FEET TO A POINT;
THENCE NORTH 06 DEGREES 59 MINUTES 11 SECONDS EAST 11.97 FEET TO A POINT; THENCE
NORTH 28 DEGREES 11 MINUTES 02 SECONDS EAST 17.92 FEET TO A POINT; THENCE NORTH
19 DEGREES 19 MINUTES 15 SECONDS WEST 15.20 FEET TO A POINT; THENCE NORTH 08
DEGREES 19 MINUTES 47 SECONDS WEST 31.16 FEET TO A POINT; THENCE NORTH 06
DEGREES 00 MINUTES 54 SECONDS EAST 28.14 FEET TO A POINT; THENCE NORTH 08
DEGREES 09 MINUTES 57 SECONDS WEST 51.07 FEET TO A POINT; THENCE NORTH 17
DEGREES 59 MINUTES 34 SECONDS EAST 27.63 FEET TO A 1/4 INCH ROD FOUND IN THE
CENTER OF SAID

                                      -59-
<PAGE>   60

CREEK; THENCE LEAVING SAID CREEK NORTH 53 DECREES 53 MINUTES 14 SECONDS EAST TO
A 1/2 INCH ROD SET IN THE SOUTH LINE OF EAST LYNCHBURG-SALEM TURNPIKE; THENCE
ALONG THE SOUTH LINE OF SAID ROAD SOUTH 45 DEGREES 50 MINUTES 12 SECONDS EAST
478.57 FEET TO THE POINT AND PLACE OF BEGINNING, CONTAINING 6.9849 ACRES. QR
304251.9 SO. FT. MORE OR LESS.

                                      -60-
<PAGE>   61

                                    EXHIBIT A

                                Legal Description

Loan #22
Daniels, West Virginia
Facility Number- 1171

A certain parcel of land situate Long West Virginia Routes 19 and 3, in the
community of Daniels, in the Shady Spring District of Raleigh County, West
Virginia, and being more particularly bounded and described as follows:

Beginning at a 5/8" rebar, set, on the line of SKLS Associates, LTD (DB 707, Pg
447), and on the line of C. Cameron Lewis 11 (DB 580, Pg 260), of which this
description is a part, from which N 60(Degree) 58' 40" W, 108.84 feet bears a 1"
pipe, found, thence leaving SKLS and going through the Lewis property; N
20(Degree) 28' 00"E, 134.43 feet to a 5/8" rebar, set on the line of Lewis and
also on the line of Phyllis Meadows (R 100, Pg 1802), from which N 60(Degree)
28' 35" W, 99.70 feet bears a 1-1/2" pipe, thence with Meadows; S 60(Degree) 28'
35" E, 55.99 feet to an 18" Cherry tree, corner to Meadows, thence; N 28(Degree)
36'08" E, 232.05 feet to a 5/8" rebar, set on the southerly right of way of the
G F & K Turnpike, from which N 28(Degree) 36' 08" E, 40.07 feet bears a 5/8"
rebar, set on the southerly right of way of WV Rt. 1913, thence leaving Meadows
and with the Turnpike right of way; S 63(Degree)11'45"E 351.20 feet to a 5/8"
rebar, set, on the southerly right of way of the Turnpike and on the line of
SKLS Associates, from which N 06(Degree) 58' 39" E, 23.60 feet bears a railroad
spike, set on the southerly right of way of WV Rt. 19/3, thence leaving the
Turnpike and with SKLS; S 06(Degree) 58' 39" W, 267.73 feet to a 5/8" rebar set,
thence; S 45(Degree) 46' 17" W, 45.01 feet to a 5/8" rebar, set, thence; S
79(Degree) 17' 44" W, 29.83 feet to a 5/8" rebar, set, thence; N 47(Degree) 58'
34" W, 125.10 feet to a 5/8" rebar, set, thence; N 77(Degree) 18' 59" W, 52.77
feet to a 5/8" rebar, set, thence; N 89(Degree) 02' 44" W, 60.02 feet to a 5/8"
rebar, set, thence; N 72(Degree) 28' 35" W, 134.38 feet to a 5/8" rebar, set,
thence; S 45(Degree) 00' 55" W, 27.06 feet to a railroad, spike, set in a gravel
road, from which S 29(Degree) 12' W, 5.7 feet bears a 5/8" rebar, thence; N
60(Degree) 58' 40" W, 85.16 feet to the point of beginning,
containing 3.100 acres, more or less.

Also being shown on plan of land entitled "ALTA/ACSM Land title Survey,
Fleetwood Retail Corporation, Route 19 (1414 Ritter Drive), Daniels, WV", dated
2/2/00 by Merlyn J. Jenkins & Associates, Inc., Job No. 18695 and described
thereon as follows:

All that certain lot or parcel of ground situate in the Shady Spring District,
County of Raleigh, State of West Virginia, bounded and described as follows:

Beginning at an old iron pin located on the South right-of-way line of G.F.& K.
Turnpike, said point being situate South twenty-eight degrees thirty-six minutes
and eight seconds West (S 28(Degree)36'08" W) a distance of forty and seven
hundredths feet (40.07') from an old iron pin located on the South right-of-way
line of U.S. Route 19 with the North right-of-way

                                      -61-
<PAGE>   62
Page Two

Daniels, West Virginia Legal Description

line of aforementioned G.F. & K. Turnpike; THENCE FROM THE PLACE OF BEGINNING
along the aforementioned South right-of-way line of G.F. & K. Turnpike, South
sixty-three degrees eleven minutes and forty-five seconds East (S 63(Degree)11'
45" E) for a distance of three hundred fifty-one and twenty hundredths feet
(351.20') to a point; thence, South six degrees fifty-eight minutes and
thirty-nine seconds West (S 6(Degree)58'39" W) for a distance of two hundred
sixty-seven and seventy-three hundredths feet (267.73') to an old iron pin;
thence, South forty-five degrees forty-six minutes and seventeen seconds West (S
45(Degree) 46' 17" W) for a distance of forty-five and one hundredth feet
(45.01') to a point; thence, South seventy-nine degrees seventeen minutes and
forty-four seconds West (S 79(Degree) 17'44" W) for a distance of twenty-nine
and eighty-three hundredths feet (29.83') to an old iron pin; thence, North
forty-seven degrees fifty-eight minutes and thirty-four seconds West (N
47(Degree)58'34" W) for a distance of one hundred twenty-five and ten hundredths
feet (125.10') to a point; thence, North seventy-seven degrees eighteen minutes
and fifty-nine seconds West (N 77(Degree) 18'59" W) for a distance of fifty-two
and seventy-seven hundredths feet (52.77') to an old iron pin; thence, North
eighty-nine degrees two minutes and forty-four seconds West (N 89(Degree)02'44"
W) for a distance of sixty and two hundredths feet (60.02') to an iron pin;
thence, North seventy-two degrees twenty-eight minutes and thirty-five seconds
West (N 72(Degree)28'35" W) for a distance of one hundred thirty-four and
thirty-eight hundredths feet (134.38) to a point; thence, South forty-five
degrees no minutes and fifty-five seconds West (S 45(Degree)00'55" W) for a
distance of twenty-seven and six hundredths feet (27.06') to a point; thence,
North sixty degrees fifty-nine minutes and twenty-two seconds West (N
60(Degree)59'22" W) for a distance of eighty-five and seventeen hundredths feet
(85.17') to an old iron pin; thence, North twenty degrees twenty-eight minutes
and no seconds East (N 20(Degree)28'00" E) for a distance of one hundred
thirty-four and forty-three hundredths feet (134.43') to an old iron pin;
thence, South sixty degrees twenty-eight minutes and thirty-five seconds East (S
60(Degree)28'35" E) for a distance of fifty-five and ninety-nine hundredths feet
(55.99') to a point; thence, North twenty-eight degrees thirty-six minutes and
eight seconds East (N 28(Degree)36'08" E) for a distance of two hundred
thirty-two and five hundredths feet (232.05') to the place of beginning.

Containing 135,029.82 Square Feet (3.100 Acres).

                                      -62-
<PAGE>   63

                                    EXHIBIT B

                           LIST OF FINANCING DOCUMENTS

                               (follows this page)

                                      -63-
<PAGE>   64

LOAN NO. 3
West Memphis, Arkansas

                                    LOAN FROM

                      LEGG MASON REAL ESTATE SERVICES, INC.

                                       TO

                                 CRICFW ONE LLC

                          CLOSING DATE: March 20, 2000
            PROPERTY: 2901 East Service Road, West Memphis, Arkansas

                                  BINDER INDEX

I.       FINANCING DOCUMENTS

         1.       Promissory Note with Allonge I, Allonge II and Allonge III

         2.       Paydown and Readvance Agreement

         3.       Mortgage, Security Agreement, Assignment of Leases and Rents

         4.       Assignment of Lease and Rents

         5.       Indemnity and Guaranty Agreement

         6.       Receipt and Closing Certificate

         7.       Disbursement Agreement

         8.       Rent Direction Letter

         9.       UCC-1 (Secretary of State of AK)

         10.      UCC-1 (Secretary of State of Massachusetts)

         11.      UCC-1 (Secretary of the State of Delaware)

         12.      UCC-3 (Secretary of State of AK)

         13.      UCC-3 (Secretary of State of MA)

                                      -64-
<PAGE>   65

         14.      UCC-3 (Secretary of State of Delaware)

II.      ASSIGNMENTS

         15.      Indenture Assignment to Legg Mason Mortgage Capital
                  Corporation ("LMMC")

         16.      Indenture Assignment to LM FLE CAPITAL COMPANY, LLC

         17.      Collateral Assignment of Indenture

         18.      General Assignment of Loan Documents I (LMMC)

         19.      General Assignment of Loan Documents II (LM FLE CAPITAL
                  COMPANY, LLC)

         20.      Collateral General Assignment of Loan Documents

III.     LEASE DOCUMENTS

         21.      Lease

         22.      Subordination, Non-Disturbance and Attornment Agreement

         23.      Tenant Estoppel (Guaranty attached)

IV.      ADDITIONAL CLOSING ITEMS

         24.      Closing Instruction Letter/"Marked-up" Title
                  Commitment/Proforma

         25.      Survey (Lender's Copy Only)

V.       AUTHORITY, ETC. DOCUMENTS FOR BORROWER AND CONSTITUENTS

         26.      Member's Certificate

VI.      TENANT'S ORGANIZATIONAL DOCUMENTS

         27.      Certificate of Secretary

                  A.       Articles of Incorporation
                  B.       Bylaws

                                      -65-
<PAGE>   66

VII.     LEGAL OPINIONS

         28.      Opinion of Jack, Lyon & Jones, P.A. with respect to
                  enforceability of Loan Documents and Lease under Arkansas law

         29.      Opinion of Hale and Dorr, LLP with respect to
                  non-consolidation and related bankruptcy matters

         30.      Opinion of Hale and Dorr, LLP with respect to authority and
                  due execution of Borrower and Indemnitor

         31.      Opinion of Richards, Layton & Finger with respect to due
                  organization of Borrower and Indemnitor

         32.      Opinion of Richards, Layton & Finger with respect to the
                  enforceability of the Guaranty

         33.      Opinion of Richards, Layton & Finger with respect to authority
                  to file Bankruptcy

         34.      Opinions of Tenant/Guarantor's counsel, Gorman & Miller

         35.      Opinion of Eastwick Rose & Wright with respect to
                  enforceability of Loan Documents under Maryland Law

                                      -66-
<PAGE>   67

LOAN NO. 4
Bonifay, Florida

                                    LOAN FROM

                      LEGG MASON REAL ESTATE SERVICES, INC.

                                       TO

                                 CRICFW ONE LLC

                          CLOSING DATE: March 20, 2000
                 PROPERTY: 409 St. Johns Road, Bonifay, Florida

                                  BINDER INDEX

I.       FINANCING DOCUMENTS

         1.       Promissory Note with Allonge I, Allonge II and Allonge III

         2.       Paydown and Readvance Agreement

         3.       Mortgage, Security Agreement. Assignment of Leases and Rents
                  and Fixture Filing

         4.       Assignment of Lease and Rents

         5.       Indemnity and Guaranty Agreement

         6.       Receipt and Closing Certificate

         7.       Disbursement Agreement

         8.       Rent Direction Letter

         9.       UCC-1 (Secretary of State of FL)

         10.      UCC-1 (County of Holmes)

         11.      UCC-1 (Secretary of State of Massachusetts)

                                      -67-
<PAGE>   68

         12.      UCC-1 (Secretary of the State of Delaware)

         13.      UCC-3 (Secretary of State of FL)

         14.      UCC-3 (County of Holmes)

         15.      UCC-3 (Secretary of State of MA)

         16.      UCC-3 (Secretary of State of Delaware)

II.      ASSIGNMENTS

         17.      Indenture Assignment to Legg Mason Mortgage Capital
                  Corporation ("LMMC")

         18.      Indenture Assignment to LM FLE CAPITAL COMPANY, LLC

         19.      Collateral Assignment of Indenture

         20.      General Assignment of Loan Documents I (LMMC)

         21.      General Assignment of Loan Documents II (LM FLE CAPITAL
                  COMPANY, LLC)

         22.      Collateral General Assignment of Loan Documents

III.     LEASE DOCUMENTS

         23.      Lease

         24.      Subordination, Non-Disturbance and Attornment Agreement

         25.      Tenant Estoppel (Guaranty attached)

IV.      ADDITIONAL CLOSING ITEMS

         26.      Closing Instruction Letter/"Marked-up" Title
                  Commitment/Proforma

         27.      Survey (Lender's Copy Only)

V.       AUTHORITY, ETC. DOCUMENTS FOR BORROWER AND CONSTITUENTS

         28.      Member's Certificate

                                      -68-
<PAGE>   69

VI.      TENANT'S ORGANIZATIONAL DOCUMENTS

         29.      Certificate of Secretary

                  A.       Articles of Incorporation
                  B.       Bylaws

VII.     LEGAL OPINIONS

         30.      Opinion of Holland & Knight, LLP with respect to
                  enforceability of Loan Documents and Lease under Florida law

         31.      Opinion of Hale and Dorr, LLP with respect to
                  non-consolidation and related bankruptcy matters

         32.      Opinion of Hale and Dorr, LLP with respect to authority and
                  due execution of Borrower and Indemnitor

         33.      Opinion of Richards, Layton & Finger with respect to due
                  organization of Borrower and Indemnitor

         34.      Opinion of Richards, Layton & Finger with respect to the
                  enforceability of the Guaranty

         35.      Opinion of Richards, Layton & Finger with respect to authority
                  to file Bankruptcy

         36.      Opinions of Tenant/Guarantor's counsel, Gorman & Miller

         37.      Opinion of Eastwick Rose & Wright with respect to
                  enforceability of Loan Documents under Maryland Law

                                      -69-
<PAGE>   70

LOAN NO. 5
Commerce, Georgia

                                    LOAN FROM

                      LEGG MASON REAL ESTATE SERVICES, INC.

                                       TO

                                 CRICFW ONE LLC

                          CLOSING DATE: March 20, 2000
              PROPERTY: 40165 U.S. Highway 441, Commerce, Georgia

                                  BINDER INDEX

I.       FINANCING DOCUMENTS

         1.       Promissory Note with Allonge I, Allonge II and Allonge III

         2.       Paydown and Readvance Agreement

         3.       Deed to Secure Debt, Security Agreement, and Assignment of
                  Leases and Rents

         4.       Assignment of Lease and Rents

         5.       Indemnity and Guaranty Agreement

         6.       Receipt and Closing Certificate

         7.       Disbursement Agreement

         8.       Rent Direction Letter

         9.       UCC-1 (Banks County, GA)

         10.      UCC-2 (Banks County, GA)

         11.      UCC-2 (Jackson County, GA)

         12.      UCC-1 (Secretary of State of Massachusetts)

         13.      UCC-1 (Secretary of the State of Delaware)

                                      -70-
<PAGE>   71

         14.      UCC-2 (Jackson County, GA) UCC File Fixture Assignment

         15.      UCC-2 (Banks County, GA) UCC File Fixture Assignment

         16.      UCC-3 (Banks County, GA) Assignment to LM FLE Capital Company,
                  LLC

         17.      UCC-3 (Secretary of State of MA)

         18.      UCC-3 (Secretary of State of Delaware)

II.      ASSIGNMENTS

         19.      Indenture Assignment to Legg Mason Mortgage Capital
                  Corporation ("LMMC")

         20.      Indenture Assignment to LM FLE CAPITAL COMPANY, LLC

         21.      Collateral Assignment of Indenture

         22.      General Assignment of Loan Documents I (LMMC)

         23.      General Assignment of Loan Documents II (LM FLE CAPITAL
                  COMPANY, LLC)

         24.      Collateral General Assignment of Loan Documents

III.     LEASE DOCUMENTS

         25.      Lease

         26.      Subordination, Non-Disturbance and Attornment Agreement

         27.      Tenant Estoppel (Guaranty attached)

IV.      ADDITIONAL CLOSING ITEMS

         28.      Closing Instruction Letter/"Marked-up" Title
                  Commitment/Proforma

         29.      Survey (Lender's Copy Only)

V.       AUTHORITY, ETC. DOCUMENTS FOR BORROWER AND CONSTITUENTS

         30.      Members Certificate

                                      -71-
<PAGE>   72

VI.      TENANT'S ORGANIZATIONAL DOCUMENTS

         31.      Certificate of Secretary

                  A.       Articles of Incorporation
                  B.       Bylaws

VII.     LEGAL OPINIONS

         32.      Opinion of Womble Carlyle Sandridge & Rice with respect to
                  enforceability of Loan Documents and Lease under Georgia law

         33.      Opinion of Hale and Dorr, LLP with respect to
                  non-consolidation and related bankruptcy matters

         34.      Opinion of Hale and Dorr, LLP with respect to authority and
                  due execution of Borrower and Indemnitor

         35.      Opinion of Richards, Layton & Finger with respect to due
                  organization of Borrower and Indemnitor

         36.      Opinion of Richards, Layton & Finger with respect to the
                  enforceability of the Guaranty

         37.      Opinion of Richards, Layton & Finger with respect to authority
                  to file Bankruptcy

         38.      Opinions of Tenant/Guarantor's counsel, Gorman & Miller

         39.      Opinion of Eastwick Rose & Wright with respect to
                  enforceability of Loan Documents under Maryland Law

                                      -72-
<PAGE>   73

LOAN NO. 6
Dawsonville, Georgia

                                    LOAN FROM

                      LEGG MASON REAL ESTATE SERVICES, INC.

                                       TO

                                 CRICFW ONE LLC

                          CLOSING DATE: March 20, 2000

             PROPERTY: 1797 Highway 400 South, Dawsonville, Georgia

                                  BINDER INDEX

I.       FINANCING DOCUMENTS

         1.       Promissory Note with Allonge I, Allonge II and Allonge III

         2.       Paydown and Readvance Agreement

         3.       Deed to Secure Debt, Security Agreement, and Assignment of
                  Leases and Rents

         4.       Assignment of Lease and Rents

         5.       Indemnity and Guaranty Agreement

         6.       Receipt and Closing Certificate

         7.       Disbursement Agreement

         8.       Rent Direction Letter

         9.       UCC-1 (County of Dawson, GA)

         10.      UCC-2 (County of Dawson, GA)

         11.      UCC-1 (Secretary of State of Massachusetts)

         12.      UCC-1 (Secretary of the State of Delaware)

                                      -73-
<PAGE>   74

         13.      UCC-2 (County of Dawson, GA) UCC File Fixture Assignment-

         14.      UCC-3 (County of Dawson, GA) Assignment to LM FLE Capital
                  Company, LLC

         15.      UCC-3 (Secretary of State of MA)

         16.      UCC-3 (Secretary of State of Delaware)

II.      ASSIGNMENTS

         17.      Indenture Assignment to Legg Mason Mortgage Capital
                  Corporation ("LMMC")

         18.      Indenture Assignment to LM FLE CAPITAL COMPANY, LLC

         19.      Collateral Assignment of Indenture

         20.      General Assignment of Loan Documents I (LMMC)

         21.      General Assignment of Loan Documents II (LM FLE CAPITAL
                  COMPANY, LLC)

         22.      Collateral General Assignment of Loan Documents

III.     LEASE DOCUMENTS

         23.      Lease

         24.      Subordination, Non-Disturbance and Attornment Agreement

         25.      Tenant Estoppel (Guaranty attached)

IV.      ADDITIONAL CLOSING ITEMS

         26.      Closing Instruction Letter/"Marked-up" Title
                  Commitment/Proforma

         27.      Survey (Lender's Copy Only)

V.       AUTHORITY. ETC. DOCUMENTS FOR BORROWER AND CONSTITUENTS

         28.      Member's Certificate

VI.      TENANT'S ORGANIZATIONAL DOCUMENTS

         29.      Certificate of Secretary

                                      -74-
<PAGE>   75

                  A.       Articles of Incorporation
                  B.       Bylaws

VII.     LEGAL OPINIONS

         30.      Opinion of Womble Carlyle Sandridge & Rice with respect to
                  enforceability of Loan Documents and Lease under Georgia law

         31.      Opinion of Hale and Dorr, LLP with respect to
                  non-consolidation and related bankruptcy matters

         32.      Opinion of Hale and Dorr, LLP with respect to authority and
                  due execution of Borrower and Indemnitor

         33.      Opinion of Richards, Layton & Finger with respect to due
                  organization of Borrower and Indemnitor

         34.      Opinion of Richards, Layton & Finger with respect to the
                  enforceability of the Guaranty

         35.      Opinion of Richards, Layton & Finger with respect to authority
                  to file Bankruptcy

         36.      Opinions of Tenant/Guarantor's counsel, Gorman & Miller

         37.      Opinion of Eastwick Rose & Wright with respect to
                  enforceability of Loan Documents under Maryland Law

                                      -75-
<PAGE>   76

LOAN NO. 7
Marietta, Georgia

                                    LOAN FROM

                      LEGG MASON REAL ESTATE SERVICES, INC.

                                       TO

                                 CRICFW ONE LLC

                          CLOSING DATE: March 20, 2000
                  PROPERTY: 905 Cobb Parkway, Marietta, Georgia

                                  BINDER INDEX

I.       FINANCING DOCUMENTS

         1.       Promissory Note with Allonge I, Allonge II and Allonge III

         2.       Paydown and Readvance Agreement

         3.       Deed to Secure Debt, Security Agreement, and Assignment of
                  Leases and Rents

         4.       Assignment of Lease and Rents

         5.       Indemnity and Guaranty Agreement

         6.       Receipt and Closing Certificate

         7.       Disbursement Agreement

         8.       Rent Direction Letter

         9.       UCC-l (Cobb County, GA)

         10.      UCC-2 (County of Cobb, GA)

         11.      UCC-l (Secretary of State of Massachusetts)

         12.      UCC-l (Secretary of the State of Delaware)

         13.      UCC-2 (Cobb County, GA) UCC File Fixture Assignment

         14.      UCC-3 (County of Cobb, GA) Assignment to LM FLE Capital
                  Company, LLC

                                      -76-
<PAGE>   77

         15.      UCC-3 (Secretary of State of MA)

         16.      UCC-3 (Secretary of State of DE)

II.      ASSIGNMENTS

         17.      Indenture Assignment to Legg Mason Mortgage Capital
                  Corporation ("LMMC")

         18.      Indenture Assignment to LM FLE CAPITAL COMPANY, LLC

         19.      Collateral Assignment of Indenture

         20.      General Assignment of Loan Documents I (LMMC)

         21.      General Assignment of Loan Documents II (LM FLE CAPITAL
                  COMPANY, LLC)

         22.      Collateral General Assignment of Loan Documents

III.     LEASE DOCUMENTS

         23.      Lease

         24.      Subordination, Non-Disturbance and Attornment Agreement

         25.      Tenant Estoppel (Guaranty attached)

IV.      ADDITIONAL CLOSING ITEMS

         26.      Closing Instruction Letter/"Marked-up" Title
                  Commitment/Proforma

         27.      Survey (Lender's Copy Only)

V.       AUTHORITY. ETC. DOCUMENTS FOR BORROWER AND CONSTITUENTS

         28.      Member's Certificate

VI.      TENANT'S ORGANIZATIONAL DOCUMENTS

         29.      Certificate of Secretary

                  A.       Articles of Incorporation
                  B.       Bylaws

                                      -77-
<PAGE>   78

VII.     LEGAL OPINIONS

         30.      Opinion of Womble Carlyle Sandridge & Rice with respect to
                  enforceability of Loan Documents and Lease under Georgia law

         31.      Opinion of Hale and Dorr, LLP with respect to
                  non-consolidation and related bankruptcy matters

         32.      Opinion of Hale and Dorr, LLP with respect to authority and
                  due execution of Borrower and Indemnitor

         33.      Opinion of Richards, Layton & Finger with respect to due
                  organization of Borrower and Indemnitor

         34.      Opinion of Richards, Layton & Finger with respect to the
                  enforceability of the Guaranty

         35.      Opinion of Richards, Layton & Finger with respect to authority
                  to file Bankruptcy

         36.      Opinions of Tenant/Guarantor's counsel, Gorman & Miller

         37.      Opinion of Eastwick Rose & Wright with respect to
                  enforceability of Loan Documents under Maryland Law

                                      -78-
<PAGE>   79

LOAN NO. 8
Temple, Georgia

                                    LOAN FROM

                      LEGG MASON REAL ESTATE SERVICES, INC.

                                       TO

                                 CRICFW ONE LLC

                          CLOSING DATE: March 20, 2000
                PROPERTY: 931 Carrollton Highway, Temple, Georgia

                                  BINDER INDEX

I.       FINANCING DOCUMENTS

         1.       Promissory Note with Allonge I, Allonge II and Allonge III

         2.       Paydown and Readvance Agreement

         3.       Deed to Secure Debt, Security Agreement, and Assignment of
                  Leases and Rents

         4.       Assignment of Lease and Rents

         5.       Indemnity and Guaranty Agreement

         6.       Receipt and Closing Certificate

         7.       Disbursement Agreement

         8.       Rent Direction Letter

         9.       UCC-1 (Carroll County, GA)

         10.      UCC-2 (County of Carroll, GA)

         11.      UCC-1 (Secretary of State of Massachusetts)

         12.      UCC-1 (Secretary of the State of Delaware)

         13.      UCC-2 (Carroll County, GA) UCC File Fixture Assignment

                                      -79-
<PAGE>   80

         14.      UCC-3 (County of Carroll, GA) Assignment to LM FLE Capital
                  Company, LLC

         15.      UCC-3 (Secretary of the State of MA)

         16.      UCC-3 (Secretary of State of DE)

II.      ASSIGNMENTS

         17.      Indenture Assignment to Legg Mason Mortgage Capital
                  Corporation ("LMMC")

         18.      Indenture Assignment to LM FLE CAPITAL COMPANY, LLC

         19.      Collateral Assignment of Indenture

         20.      General Assignment of Loan Documents I (LMMC)

         21.      General Assignment of Loan Documents II (LM FLE CAPITAL
                  COMPANY, LLC)

         22.      Collateral General Assignment of Loan Documents

III.     LEASE DOCUMENTS

         23.      Lease

         24.      Subordination, Non-Disturbance and Attornment Agreement

         25.      Tenant Estoppel (Guaranty attached)

IV.      ADDITIONAL CLOSING ITEMS

         26.      Closing Instruction Letter/"Marked-up" Title
                  Commitment/Proforma

         27.      Survey (Lender's Copy Only)

V.       AUTHORITY. ETC. DOCUMENTS FOR BORROWER AND CONSTITUENTS

         28.      Member's Certificate

VI.      TENANT'S ORGANIZATIONAL DOCUMENTS

         29.      Certificate of Secretary

                  A.       Articles of Incorporation

                                      -80-
<PAGE>   81

                  B.       Bylaws

VII.     LEGAL OPINIONS

         30.      Opinion of Womble Carlyle Sandridge & Rice with respect to
                  enforceability of Loan Documents and Lease under Georgia law

         31.      Opinion of Hale and Dorr, LLP with respect to
                  non-consolidation and related bankruptcy matters

         32.      Opinion of Hale and Dorr, LLP with respect to authority and
                  due execution of Borrower and Indemnitor

         33.      Opinion of Richards, Layton & Finger with respect to due
                  organization of Borrower and Indemnitor

         34.      Opinion of Richards, Layton & Finger with respect to the
                  enforceability of the Guaranty

         35.      Opinion of Richards, Layton & Finger with respect to authority
                  to file Bankruptcy

         36.      Opinions of Tenant/Guarantor's counsel, Gorman & Miller

         37.      Opinion of Eastwick Rose & Wright with respect to
                  enforceability of Loan Documents under Maryland Law

                                      -81-
<PAGE>   82

LOAN NO. 10
Mocksville, North Carolina

                                    LOAN FROM

                      LEGG MASON REAL ESTATE SERVICES, INC.

                                       TO

                                 CRICFW ONE LLC

                          CLOSING DATE: March 20, 2000
          PROPERTY: 1765 U.S. Highway 601, Mocksville, North Carolina

                                  BINDER INDEX

I.       FINANCING DOCUMENTS

         1.       Promissory Note with Allonge 1. Allonge II and Allonge III

         2.       Paydown and Readvance Agreement

         3.       Deed of Trust, Security Agreement, Assignment of Leases and
                  Rents and Fixture Filing

         4.       Assignment of Lease and Rents

         5.       Indemnity and Guaranty Agreement

         6.       Receipt and Closing Certificate

         7.       Disbursement Agreement

         8.       Rent Direction Letter

         9.       UCC-1 (Secretary of State of NC)

         10.      UCC-1 (County of Davie)

         11.      UCC-l (Secretary of State of Massachusetts)

         12.      UCC-l (Secretary of the State of Delaware)

         13.      UCC-3 (Secretary of State of NC)

                                      -82-
<PAGE>   83

         14.      UCC-3 (County of Davie)

         15.      UCC-3 (Secretary of State of MA)

         16.      UCC-3 (Secretary of State of DE)

II.      ASSIGNMENTS

         17.      Indenture Assignment to Legg Mason Mortgage Capital
                  Corporation ("LMMC")

         18.      Indenture Assignment to LM FLE CAPITAL COMPANY, LLC

         19.      Collateral Assignment of Indenture

         20.      General Assignment of Loan Documents I (LMMC)

         21.      General Assignment of Loan Documents II (LM FLE CAPITAL
                  COMPANY, LLC)

         22.      Collateral General Assignment of Loan Documents

III.     LEASE DOCUMENTS

         23.      Lease

         24.      Subordination, Non-Disturbance and Attornment Agreement

         25.      Tenant Estoppel (Guaranty attached)

IV.      ADDITIONAL CLOSING ITEMS

         26.      Closing Instruction Letter/"Marked-up" Title
                  Commitment/Proforma

         27.      Survey (Lender's Copy Only)

V.       AUTHORITY. ETC. DOCUMENTS FOR BORROWER AND CONSTITUENTS

         28.      Member's Certificate

VI.      TENANT'S ORGANIZATIONAL DOCUMENTS

         29.      Certificate of Secretary

                                      -83-
<PAGE>   84

         A.       Articles of Incorporation
         B.       Bylaws

VII.     LEGAL OPINIONS

         30.      Opinion of Nexsen Pruet Jacobs & Pollard, LLP with respect to
                  enforceability of Loan Documents and Lease under North
                  Carolina law

         31.      Opinion of Hale and Dorr, LLP with respect to
                  non-consolidation and related bankruptcy matters

         32.      Opinion of Hale and Dorr, LLP with respect to authority and
                  due execution of Borrower and Indemnitor

         33.      Opinion of Richards, Layton & Finger with respect to due
                  organization of Borrower and Indemnitor

         34.      Opinion of Richards, Layton & Finger with respect to the
                  enforceability of the Guaranty

         35.      Opinion of Richards, Layton & Finger with respect to authority
                  to file Bankruptcy

         36.      Opinions of Tenant/Guarantor's counsel, Gorman & Miller

         37.      Opinion of Eastwick Rose & Wright with respect to
                  enforceability of Loan Documents under Maryland Law

                                      -84-
<PAGE>   85

LOAN NO. 11
Anderson, South Carolina

                                    LOAN FROM

                      LEGG MASON REAL ESTATE SERVICES, INC.

                                       TO

                                 CR1CFW ONE LLC

                          CLOSING DATE: March 20, 2000

                PROPERTY: 405 Pearman Dairy Road, South Carolina

                                  BINDER INDEX

I.       FINANCING DOCUMENTS

         1.       Promissory Note with Allonge I, Allonge II and Allonge III

         2.       Paydown and Readvance Agreement

         3.       Deed of Trust, Security Agreement, Assignment of Leases and
                  Rents arid Fixture Filing

         4.       Assignment of Lease and Rents

         5.       Indemnity and Guaranty Agreement

         6.       Receipt and Closing Certificate

         7.       Disbursement Agreement

         8.       Rent Direction Letter

         9.       UCC-1 (Secretary of State of SC)

         10.      UCC-1 (County of Anderson)

         11.      UCC-1 (Secretary of State of Massachusetts)

                                      -85-
<PAGE>   86

         12.      UCC-1 (Secretary of the State of Delaware)

         13.      UCC-3 (Secretary of State of SC)

         14.      UCC-3 (County of Anderson)

         15.      UCC-3 (Secretary of State of MA)

         16.      UCC-3 (Secretary of State of DE)

II.      ASSIGNMENTS

         17.      Indenture Assignment to Legg Mason Mortgage Capital
                  Corporation ("LMMC")

         18.      Indenture Assignment to LM FLE CAPITAL COMPANY, LLC

         19.      Collateral Assignment of Indenture

         20.      General Assignment of Loan Documents I (LMMC)

         21.      General Assignment of Loan Documents II (LM FLE CAPITAL
                  COMPANY, LLC)

         22.      Collateral General Assignment of Loan Documents

III.     LEASE DOCUMENTS

         23.      Lease

         24.      Subordination, Non-Disturbance and Attornment Agreement

         25.      Tenant Estoppel (Guaranty attached)

V.       ADDITIONAL CLOSING ITEMS

         26.      Closing Instruction Letter/"Marked-up" Title
                  Commitment/Proforma

         27.      Survey (Lender's Copy Only)

V.       AUTHORITY. ETC. DOCUMENTS FOR BORROWER AND CONSTITUENTS

         28.      Member's Certificate

                                      -86-
<PAGE>   87

VI.      TENANT'S ORGANIZATIONAL DOCUMENTS

         29.      Certificate of Secretary

         A.       Articles of Incorporation
         B.       Bylaws

VII.     LEGAL OPINIONS

         30.      Opinion of Nexsen Pruet Jacobs & Pollard, LLP with respect to
                  enforceability of Loan Documents and Lease under South
                  Carolina law

         31.      Opinion of Hale and Dorr, LLP with respect to
                  non-consolidation and related bankruptcy matters

         32.      Opinion of Hale and Dorr, LLP with respect to authority and
                  due execution of Borrower and Indemnitor

         33.      Opinion of Richards, Layton & Finger with respect to due
                  organization of Borrower and Indemnitor

         34.      Opinion of Richards, Layton & Finger with respect to the
                  enforceability of the Guaranty

         35.      Opinions of Richards, Layton & Finger with respect to
                  authority to file Bankruptcy

         36.      Opinion of Tenant/Guarantor's counsel, Gorman & Miller

         37.      Opinion of Eastwick Rose & Wright with respect to
                  enforceability of Loan Documents under Maryland Law

                                      -87-
<PAGE>   88

LOAN NO. 12
Lake City, South Carolina

                                    LOAN FROM

                      LEGG MASON REAL ESTATE SERVICES, INC.

                                       TO

                                 CRICFW ONE LLC

                          CLOSING DATE: March 20, 2000

         PROPERTY: 732 South Ron McNair Road, Lake City, South Carolina

                                  BINDER INDEX

I.       FINANCING DOCUMENTS

         1.       Promissory Note with Allonge I, Allonge II and Allonge III

         2.       Paydown and Readvance Agreement

         3.       Deed of Trust, Security Agreement, Assignment of Leases and
                  Rents and Fixture Filing

         4.       Assignment of Lease and Rents

         5.       Indemnity and Guaranty Agreement

         6.       Receipt and Closing Certificate

         7.       Disbursement Agreement

         8.       Rent Direction Letter

         9.       UCC-l (Secretary of State of SC)

         10.      UCC-1 (County of Florence)

         11.      UCC-l (Secretary of State of Massachusetts)

         12.      UCC-1 (Secretary of the State of Delaware)

                                      -88-
<PAGE>   89

         13.      UCC-3 (Secretary of State of SC)

         14.      UCC-3 (County of Charleston)

         15.      UCC-3 (Secretary of State of MA)

         16.      UCC-3 (Secretary of State of DE)

II.      ASSIGNMENTS

         17.      Indenture Assignment to Legg Mason Mortgage Capital
                  Corporation ("LMMC")

         18.      Indenture Assignment to LM FLE CAPITAL COMPANY, LLC

         19.      Collateral Assignment of Indenture

         20.      General Assignment of Loan Documents I (LMMC)

         21.      General Assignment of Loan Documents II (LM FLE CAPITAL
                  COMPANY, LLC)

         22.      Collateral General Assignment of Loan Documents

III.     LEASE DOCUMENTS

         23.      Lease

         24.      Subordination, Non-Disturbance and Attornment Agreement

         25.      Tenant Estoppel (Guaranty attached)

V.       ADDITIONAL CLOSING ITEMS

         26.      Closing Instruction Letter/"Marked-up" Title
                  Commitment/Proforma

         27.      Survey (Lender's Copy Only)

V.       AUTHORITY. ETC. DOCUMENTS FOR BORROWER AND CONSTITUENTS

         28.      Member's Certificate

                                      -89-
<PAGE>   90

VI.      TENANT'S ORGANIZATIONAL DOCUMENTS

         29.      Certificate of Secretary

         A.       Articles of Incorporation
         B.       Bylaws

VII.     LEGAL OPINIONS

         30.      Opinion of Nexsen Pruet Jacobs & Pollard, LLP with respect to
                  enforceability of Loan Documents and Lease under South
                  Carolina law

         31.      Opinion of Hale and Dorr, LLP with respect to
                  non-consolidation and related bankruptcy matters

         32.      Opinion of Hale and Dorr. LLP with respect to authority and
                  due execution of Borrower and Indemnitor

         33.      Opinion of Richards, Layton & Finger with respect to due
                  organization of Borrower and Indemnitor

         34.      Opinion of Richards, Layton & Finger with respect to the
                  enforceability of the Guaranty

         35.      Opinion of Richards, Layton & Finger with respect to authority
                  to file Bankruptcy

         36.      Opinions of Tenant/Guarantor's counsel, Gorman & Miller

         37.      Opinion of Eastwick Rose & Wright with respect to
                  enforceability of Loan Documents under Maryland Law

                                      -90-
<PAGE>   91

LOAN NO. 13
Ravenel, South Carolina

                                    LOAN FROM

                      LEGG MASON REAL ESTATE SERVICES, INC.

                                       TO

                                 CRICFW ONE LLC

                          CLOSING DATE: March 20, 2000

            PROPERTY: 6075 Savannah Highway, Ravenel, South Carolina

                                  BINDER INDEX

I.       FINANCING DOCUMENTS

         1.       Promissory Note with Allonge I, Allonge II and Allonge III

         2.       Paydown and Readvance Agreement

         3.       Deed of Trust, Security Agreement, Assignment of Leases and
                  Rents and Fixture Filing

         4.       Assignment of Lease and Rents

         5.       Indemnity and Guaranty Agreement

         6.       Receipt and Closing Certificate

         7.       Disbursement Agreement

         8.       Rent Direction Letter

         9.       UCC-1 (Secretary of State of SC)

         10.      UCC-1 (County of Charleston)

         11.      UCC-1 (Secretary of State of Massachusetts)

         12.      UCC-l (Secretary of the State of Delaware)

                                      -91-
<PAGE>   92

         13.      UCC-3 (Secretary of State of SC)

         14.      UCC-3 (County of Florence)

         15.      UCC-3 (Secretary of State of MA)

         16.      UCC-3 (Secretary of State of DE)

II.      ASSIGNMENTS

         17.      Indenture Assignment to Legg Mason Mortgage Capital
                  Corporation ("LMMC")

         18.      Indenture Assignment to LM FLE CAPITAL COMPANY, LLC

         19.      Collateral Assignment of Indenture

         20.      General Assignment of Loan Documents I (LMMC)

         21.      General Assignment of Loan Documents II (LM FLE CAPITAL
                  COMPANY. LLC)

         22.      Collateral General Assignment of Loan Documents

III.     LEASE DOCUMENTS

         23.      Lease

         24.      Subordination, Non-Disturbance and Attornment Agreement

         25.      Tenant Estoppel (Guaranty attached)

IV.      ADDITIONAL CLOSING ITEMS

         26.      Closing Instruction Letter/"Marked-up" Title
                  Commitment/Proforma

         27.      Survey (Lender's Copy Only)

V.       AUTHORITY. ETC. DOCUMENTS FOR BORROWER AND CONSTITUENTS

         28.      Member's Certificate

VI.      TENANT'S ORGANIZATIONAL DOCUMENTS

         29.      Certificate of Secretary

                                      -92-
<PAGE>   93

                  A.       Articles of Incorporation
                  B.       Bylaws

VII.     LEGAL OPINIONS

         30.      Opinion of Nexsen Pruet Jacobs & Pollard, LLP with respect to
                  enforceability of Loan Documents and Lease under South
                  Carolina law

         31.      Opinion of Hale and Dorr, LLP with respect to
                  non-consolidation and related bankruptcy matters

         32.      Opinion of Hale and Dorr. LLP with respect to authority and
                  due execution of Borrower and Indemnitor

         33.      Opinion of Richards, Layton & Finger with respect to due
                  organization of Borrower and Indemnitor

         34.      Opinion of Richards, Layton & Finger with respect to the
                  enforceability of the Guaranty

         35.      Opinion of Richards, Layton & Finger with respect to authority
                  to file Bankruptcy

         36.      Opinions of Tenant/Guarantor's counsel, Gorman & Miller

         37.      Opinion of Eastwick Rose & Wright with respect to
                  enforceability of Loan Documents under Maryland Law

                                      -93-
<PAGE>   94

                                   LOAN NO. 14
                             Chattanooga, Tennessee

                                    LOAN FROM

                      LEGG MASON REAL ESTATE SERVICES, INC.

                                       TO

                                 CRICFW ONE LLC

CLOSING DATE: March 20, 2000
PROPERTY: 6100 Highway 153, Chattanooga, Tennessee

BINDER INDEX

I.       FINANCING DOCUMENTS

         1.       Promissory Note with Allonge I, Allonge II and Allonge III

         2.       Paydown and Readvance Agreement

         3.       Deed of Trust, Security Agreement, Assignment of Leases and
                  Rents and Fixture Filing

         4.       Assignment of Lease and Rents

         5.       Indemnity and Guaranty Agreement

         6.       Receipt and Closing Certificate

         7.       Disbursement Agreement

         8.       Rent Direction Letter

         9.       UCC-1 (Secretary of State of TN)

         10.      UCC-1 (Secretary of State of Massachusetts)

         11.      UCC-1 (Secretary of the State of Delaware)

         12.      UCC-3 (Secretary of State of TN)

                                      -94-
<PAGE>   95

         13.      UCC-3 (Secretary of State of MA)

         14.      UCC-3 (Secretary of State of DE)

II.      ASSIGNMENTS

         15.      Indenture Assignment to Legg Mason Mortgage Capital
                  Corporation ("LMMC")

         16.      Indenture Assignment to LM FLE CAPITAL COMPANY, LLC

         17.      Collateral Assignment of Indenture

         18.      General Assignment of Loan Documents I (LMMC)

         19.      General Assignment of Loan Documents II (LM FLE CAPITAL
                  COMPANY, LLC)

         20.      Collateral General Assignment of Loan Documents

III.     LEASE DOCUMENTS

         21.      Lease

         22.      Subordination, Non-Disturbance and Attornment Agreement

         23.      Tenant Estoppel (Guaranty attached)

IV.      ADDITIONAL CLOSING ITEMS

         24.      Further Assurances and Post Closing Agreement (Certificate of
                  Occupancy)

         25.      Closing Instruction Letter/"Marked-up" Title
                  Commitment/Proforma

         26.      Survey (Lender's Copy Only)

V.       AUTHORITY. ETC. DOCUMENTS FOR BORROWER AND CONSTITUENTS

         27.      Member's Certificate

VI.      TENANT'S ORGANIZATIONAL DOCUMENTS

         28.      Certificate of Secretary

                  A.       Articles of Incorporation

                                      -95-
<PAGE>   96

                  B.       Bylaws

VII.     LEGAL OPINIONS

         29.      Opinion of Boult, Cummings, Conners & Berry, PLC with respect
                  to enforceability of Loan Documents and Lease under Tennessee
                  law

         30.      Opinion of Hale and Dorr, LLP with respect to
                  non-consolidation and related bankruptcy matters

         31.      Opinion of Hale and Dorr, LLP with respect to authority and
                  due execution of Borrower and Indemnitor

         32.      Opinion of Richards, Layton & Finger with respect to due
                  organization of Borrower and Indemnitor

         33.      Opinion of Richards, Layton & Finger with respect to the
                  enforceability of the Guaranty

         34.      Opinion of Richards, Layton & Finger with respect to authority
                  to file Bankruptcy

         35.      Opinions of Tenant/Guarantor's counsel, Gorman & Miller

         36.      Opinion of Eastwick Rose & Wright with respect to
                  enforceability of Loan Documents under Maryland Law

                                      -96-
<PAGE>   97

LOAN NO. 15
Elizabethton, Tennessee

                                    LOAN FROM

                      LEGG MASON REAL ESTATE SERVICES, INC.

                                       TO

                                 CRICFW ONE LLC

                          CLOSING DATE: March 20, 2000

         PROPERTY: 1321 Highway 19 East Bypass, Elizabethton, Tennessee

                                  BINDER INDEX

I.       FINANCING DOCUMENTS

         1.       Promissory Note with Allonge I, Allonge II and Allonge III

         2.       Paydown and Readvance Agreement

         3.       Deed of Trust, Security Agreement, Assignment of Leases and
                  Rents and Fixture Filing

         4.       Assignment of Lease and Rents

         5.       Indemnity and Guaranty Agreement

         6.       Receipt and Closing Certificate

         7.       Disbursement Agreement

         8.       Rent Direction Letter

         9.       UCC-1 (Secretary of State of TN)

         10.      UCC-1 (Secretary of State of Massachusetts)

         11.      UCC-1 (Secretary of the State of Delaware)

         12.      UCC-3 (Secretary of State of TN)

                                      -97-
<PAGE>   98

         13.      UCC-3 (Secretary of State of MA)

         14.      UCC-3 (Secretary of State of DE)

II.      ASSIGNMENTS

         15.      Indenture Assignment to Legg Mason Mortgage Capital
                  Corporation ("LMMC")

         16.      Indenture Assignment to LM FLE CAPITAL COMPANY, LLC

         17.      Collateral Assignment of Indenture

         18.      General Assignment of Loan Documents I (LMMC)

         19.      General Assignment of Loan Documents II (LM FLE CAPITAL
                  COMPANY, LLC)

         20.      Collateral General Assignment of Loan Documents

III.     LEASE DOCUMENTS

         21.      Lease

         22.      Subordination, Non-Disturbance and Attornment Agreement

         23.      Tenant Estoppel (Guaranty attached)

IV.      ADDITIONAL CLOSING ITEMS

         24.      Closing Instruction Letter/"Marked-up" Title
                  Commitment/Proforma

         25.      Survey (Lender's Copy Only)

V.       AUTHORITY. ETC. DOCUMENTS FOR BORROWER AND CONSTITUENTS

         26.      Member's Certificate

VI.      TENANT'S ORGANIZATIONAL DOCUMENTS

         27.      Certificate of Secretary

                  A.       Articles of Incorporation

                  B.       Bylaws

                                      -98-
<PAGE>   99

VII.     LEGAL OPINIONS

         28.      Opinion of Boult, Cummings, Conners & Berry, PLC with respect
                  to enforceability of Loan Documents and Lease under Tennessee
                  law

         29.      Opinion of Hale and Dorr, LLP with respect to
                  non-consolidation and related bankruptcy matters

         30.      Opinion of Hale and Dorr, LLP with respect to authority and
                  due execution of Borrower and Indemnitor

         31.      Opinion of Richards, Layton & Finger with respect to due
                  organization of Borrower and Indemnitor

         32.      Opinion of Richards, Layton & Finger with respect to the
                  enforceability of the Guaranty

         33.      Opinion of Richards, Layton & Finger with respect to authority
                  to file Bankruptcy

         34.      Opinions of Tenant/Guarantor's counsel, Gorman & Miller

         35.      Opinion of Eastwick Rose & Wright with respect
                  to enforceability of Loan Documents under Maryland Law

                                      -99-
<PAGE>   100

LOAN NO. 16
Amarillo, Texas

                                    LOAN FROM

                      LEGG MASON REAL ESTATE SERVICES, INC.

                                       TO

                                 CRICFW ONE LLC

                          CLOSING DATE: March 20, 2000

                  PROPERTY: 8301 Canyon Drive, Amarillo, Texas

                                  BINDER INDEX

I.       FINANCING DOCUMENTS

         1.       Promissory Note with Allonge I, Allonge II and Allonge III

         2.       Paydown and Readvance Agreement

         3.       Deed of Trust, Security Agreement, Assignment of Leases and
                  Rents and Fixture Filing

         4.       Assignment of Lease and Rents

         5.       Indemnity and Guaranty Agreement

         6.       Receipt and Closing Certificate

         7.       Disbursement Agreement

         8.       Rent Direction Letter

         9.       UCC-1 (Secretary of State of TX)

         10.      UCC-1 (County of Randall)

         11.      UCC-1 (Secretary of State of Massachusetts)

         12.      UCC-1 (Secretary of the State of Delaware)

                                     -100-
<PAGE>   101

         13.      UCC-3 (Secretary of State of TX - Amendment - assignment to
                  LMMCC)

         14.      UCC-3 (County of Randall - Amendment - assignment to LMMCC)

         15.      UCC-3 (Secretary of State of TX - Amendment- assignment to LM
                  FLE Capital Company, LLC)

         16.      UCC-3 (County of Randall - Amendment - assignment to LM FLE
                  Capital Company, LLC)

         17.      UCC-3 (Secretary of State of MA)

         18.      UCC-3 (Secretary of State of DE)

II.      ASSIGNMENTS

         19.      Indenture Assignment to Legg Mason Mortgage Capital
                  Corporation ("LMMC")

         20.      Indenture Assignment to LM FLE CAPITAL COMPANY, LLC

         21.      Collateral Assignment of Indenture

         22.      General Assignment of Loan Documents I (LMMC)

         23.      General Assignment of Loan Documents II (LM FLE CAPITAL
                  COMPANY, LLC)

         24.      Collateral General Assignment of Loan Documents

III.     LEASE DOCUMENTS

         25.      Lease

         26.      Subordination, Non-Disturbance and Attornment Agreement

         27.      Tenant Estoppel (Guaranty attached)

IV.      ADDITIONAL CLOSING ITEMS

         28.      Further Assurances and Post Closing Agreement (Certificate of
                  Occupancy)

         29.      Closing Instruction Letter/"Marked-up" Title
                  Commitment/Proforma

         30.      Survey (Lender's Copy Only)

                                     -101-
<PAGE>   102

V.       AUTHORITY. ETC. DOCUMENTS FOR BORROWER AND CONSTITUENTS

         31.      Member's Certificate

VI.      TENANT'S ORGANIZATIONAL DOCUMENTS

         32.      Certificate of Secretary

                  A.       Articles of Incorporation

                  B.       Bylaws

VII.     LEGAL OPINIONS

         33.      Opinion of Andrews & Kurth, L.L.P. with respect to
                  enforceability of Loan Documents and Lease under Texas law

         34.      Opinion of Hale and Dorr, LLP with respect to
                  non-consolidation and related bankruptcy matters

         35.      Opinion of Hale and Dorr, LLP with respect to authority and
                  due execution of Borrower and Indemnitor

         36.      Opinion of Richards, Layton & Finger with respect to due
                  organization of Borrower and Indemnitor

         37.      Opinion of Richards, Layton & Finger with respect to the
                  enforceability of the Guaranty

         38.      Opinion of Richards, Layton & Finger with respect to authority
                  to file Bankruptcy

         39.      Opinions of Tenant/Guarantor's counsel, Gorman & Miller

         40.      Opinion of Eastwick Rose & Wright with respect to
                  enforceability of Loan Documents under Maryland Law

                                     -102-
<PAGE>   103

LOAN NO. 18
Rosenberg, Texas

                                    LOAN FROM

                      LEGG MASON REAL ESTATE SERVICES, INC.

                                       TO

                                 CRICFW ONE LLC

                          CLOSING DATE: March 20, 2000

               PROPERTY: 28240 Southwest Parkway, Rosenberg, Texas

                                  BINDER INDEX

I.       FINANCING DOCUMENTS

         1.       Promissory Note with Allonge I, Allonge II and Allonge III

         2.       Paydown and Readvance Agreement

         3.       Deed of Trust, Security Agreement, Assignment of Leases and
                  Rents and Fixture Filing

         4.       Assignment of Lease and Rents

         5.       Indemnity and Guaranty Agreement

         6.       Receipt and Closing Certificate

         7.       Disbursement Agreement

         8.       Rent Direction Letter

         9.       UCC-1 (Secretary of State of TX)

         10.      UCC-1 (County of Fort Bend)

         11.      UCC-1 (Secretary of State of Massachusetts)

         12.      UCC-1 (Secretary of the State of Delaware)

                                     -103-
<PAGE>   104

         13.      UCC-3 (Secretary of State of TX - Amendment - assignment to
                  LMMCC)

         14.      UCC-3 (County of Fort Bend - Amendment - assignment to LMMCC)

         15.      UCC-3 (Secretary of State of TX - Amendment - assignment to LM
                  FLE Capital Company, LLC)

         16.      UCC-3 (County of Fort Bend - Amendment - assignment to LM FLE
                  Capital Company, LLC)

         17.      UCC-3 (Secretary of State of MA)

         18.      UCC-3 (Secretary of State of DE)

II.      ASSIGNMENTS

         19.      Indenture Assignment to Legg Mason Mortgage Capital
                  Corporation ("LMMC")

         20.      Indenture Assignment to LM FLE CAPITAL COMPANY, LLC

         21.      Collateral Assignment of Indenture

         22.      General Assignment of Loan Documents I (LMMC)

         23.      General Assignment of Loan Documents II (LM FLE CAPITAL
                  COMPANY, LLC)

         24.      Collateral General Assignment of Loan Documents

III.     LEASE DOCUMENTS

         25.      Lease

         26.      Subordination, Non-Disturbance and Attornment Agreement

         27.      Tenant Estoppel (Guaranty attached)

IV.      ADDITIONAL CLOSING ITEMS

         28.      Closing Instruction Letter/"Marked-up" Title
                  Commitment/Proforma

         29.      Survey (Lender's Copy Only)

                                     -104-
<PAGE>   105

V.       AUTHORITY. ETC. DOCUMENTS FOR BORROWER AND CONSTITUENTS

         30.      Member's Certificate

VI.      TENANT'S ORGANIZATIONAL DOCUMENTS

         31.      Certificate of Secretary

                  A.       Articles of Incorporation

                  B.       Bylaws

VII.     LEGAL OPINIONS

         32.      Opinion of Andrews & Kurth, L.L.P. with respect to
                  enforceability of Loan Documents and Lease under Texas law

         33.      Opinion of Hale and Dorr, LLP with respect to
                  non-consolidation and related bankruptcy matters

         34.      Opinion of Hale and Dorr, LLP with respect to authority and
                  due execution of Borrower and Indemnitor

         35.      Opinion of Richards, Layton & Finger with respect to due
                  organization of Borrower and Indemnitor

         36.      Opinion of Richards, Layton & Finger with respect to the
                  enforceability of the Guaranty

         37.      Opinion of Richards, Layton & Finger with respect to authority
                  to file Bankruptcy

         38.      Opinions of Tenant/Guarantor's counsel, Gorman & Miller

         39.      Opinion of Eastwick Rose & Wright with respect to
                  enforceability of Loan Documents under Maryland Law

                                     -105-
<PAGE>   106

LOAN NO. 19
Hewitt, Texas

                                    LOAN FROM

                      LEGG MASON REAL ESTATE SERVICES, INC.

                                       TO

                                 CRICFW ONE LLC

                          CLOSING DATE: March 20, 2000
                    PROPERTY: 10437 South 1-35, Hewitt, Texas

                                  BINDER INDEX

I.       FINANCING DOCUMENTS

         1.       Promissory Note with Allonge I, Allonge II and Allonge III

         2.       Paydown and Readvance Agreement

         3.       Deed of Trust, Security Agreement, Assignment of Leases and
                  Rents and Fixture Filing

         4.       Assignment of Lease and Rents

         5.       Indemnity and Guaranty Agreement

         6.       Receipt and Closing Certificate

         7.       Disbursement Agreement

         8.       Rent Direction Letter

         9.       UCC-1 (Secretary of State of TX)

         10.      UCC-1 (County of McLennan)

         11.      UCC-1 (Secretary of State of Massachusetts)

         12.      UCC-1 (Secretary of the State of Delaware)

         13.      UCC-3 (Secretary of State of TX - Amendment - Assignment to
                  LMMCC)

                                     -106-
<PAGE>   107

         14.      UCC-3 (County of McLennan - Amendment - Assignment to LMMCC)

         15.      UCC-3 (Secretary of State of TX - Amendment - Assignment to LM
                  FLE Capital Company, LLC)

         16.      UCC-3 (County of McLennan - Amendment - Assignment to LM FLE
                  Capital Company, LLC)

         17.      UCC-3 (Secretary of State of MA)

         18.      UCC-3 (Secretary of State of DE)

II.      ASSIGNMENTS

         19.      Indenture Assignment to Legg Mason Mortgage Capital
                  Corporation ("LMMC")

         20.      Indenture Assignment to LM FLE CAPITAL COMPANY, LLC

         21.      Collateral Assignment of Indenture

         22.      General Assignment of Loan Documents I (LMMC)

         23.      General Assignment of Loan Documents II (LM FLE CAPITAL
                  COMPANY, LLC)

         24.      Collateral General Assignment of Loan Documents

III.     LEASE DOCUMENTS

         25.      Lease

         26.      Subordination, Non-Disturbance and Attornment Agreement

         27.      Tenant Estoppel (Guaranty attached)

IV.      ADDITIONAL CLOSING ITEMS

         28.      Closing Instruction Letter/"Marked-up" Title
                  Commitment/Proforma

         29.      Survey (Lender's Copy Only)

V.       AUTHORITY. ETC. DOCUMENTS FOR BORROWER AND CONSTITUENTS

                                     -107-
<PAGE>   108

VI.      TENANT'S ORGANIZATIONAL DOCUMENTS

         29.      Certificate of Secretary

                  A.       Articles of Incorporation

                  B.       Bylaws

VII.     LEGAL OPINIONS

         30.      Opinion of Nexsen Pruet Jacobs & Pollard, LLP with respect to
                  enforceability of Loan Documents and Lease under South
                  Carolina law

         31.      Opinion of Hale and Dorr, LLP with respect to
                  non-consolidation and related bankruptcy matters

         32.      Opinion of Hale and Dorr, LLP with respect to authority and
                  due execution of Borrower and Indemnitor

         33.      Opinion of Richards, Layton & Finger with respect to due
                  organization of Borrower and Indemnitor

         34.      Opinion of Richards, Layton & Finger with respect to the
                  enforceability of the Guaranty

         35.      Opinion of Richards, Layton & Finger with respect to authority
                  to file Bankruptcy

         36.      Opinions of Tenant/Guarantor's counsel, Gorrnan & Miller

         37.      Opinion of Eastwick Rose & Wright with respect to
                  enforceability of Loan Documents under Maryland Law

                                     -108-
<PAGE>   109

LOAN NO. 20
Ashland, Virginia

                                    LOAN FROM

                      LEGG MASON REAL ESTATE SERVICES, INC.

                                       TO

                                 CRICFW ONE LLC

                          CLOSING DATE: March 20, 2000

           PROPERTY: 12058 South Washington Highway, Ashland, Virginia

                                  BINDER INDEX

I.       FINANCING DOCUMENTS

         1.       Promissory Note with Allonge I, Allonge II and Allonge III

         2.       Paydown and Readvance Agreement

         3.       Credit Line Deed of Trust, Security Agreement, Assignment of
                  Leases and Rents, Easement and Fixture Filing

         4.       Assignment of Lease and Rents

         5.       Indemnity and Guaranty Agreement

         6.       Receipt and Closing Certificate

         7.       Disbursement Agreement

         8.       Rent Direction Letter

         9.       UCC-1 (Secretary of State of VA)

         10.      UCC-1 (County of Hanover)

         11.      UCC-1 (Secretary of State of Massachusetts)

         12.      UCC-1 (Secretary of the State of Delaware)

                                     -109-
<PAGE>   110

         13.      UCC-3 (Secretary of State of VA)

         14.      UCC-3 (County of Hanover)

         15.      UCC-3 (Secretary of State of MA)

         16.      UCC-3 (Secretary of State of DE)

II.      ASSIGNMENTS

         17.      Indenture Assignment to Legg Mason Mortgage Capital
                  Corporation ("LMMC")

         18.      Indenture Assignment to LM FLE CAPITAL COMPANY, LLC

         19.      Collateral Assignment of Indenture

         20.      General Assignment of Loan Documents I (LMMC)

         21.      General Assignment of Loan Documents II (LM FLE CAPITAL
                  COMPANY, LLC)

         22.      Collateral General Assignment of Loan Documents

III.     LEASE DOCUMENTS

         23.      Lease

         24.      Subordination, Non-Disturbance and Attornment Agreement

         25.      Tenant Estoppel (Guaranty attached)

IV.      ADDITIONAL CLOSING ITEMS

         26.      Further Assurances and Post-Closing Agreement (Certificate of
                  Occupancy)

         27.      Closing Instruction Letter/"Marked-up" Title
                  Commitment/Proforma

         28.      Survey (Lender's Copy Only)

V.       AUTHORITY. ETC. DOCUMENTS FOR BORROWER AND CONSTITUENTS

         29.      Member's Certificate

                                     -110-
<PAGE>   111

VI.      TENANT'S ORGANIZATIONAL DOCUMENTS

         30.      Certificate of Secretary

                  A.       Articles of Incorporation

                  B.       Bylaws

VII.     LEGAL OPINIONS

         31.      Opinion of Thompson, Hine & Flory with respect to
                  enforceability of Loan Documents and Lease under Virginia law

         32.      Opinion of Hale and Dorr, LLP with respect to
                  non-consolidation and related bankruptcy matters

         33.      Opinion of Hale and Dorr, LLP with respect to authority and
                  due execution of Borrower and Indemnitor

         34.      Opinion of Richards, Layton & Finger with respect to due
                  organization of Borrower and Indemnitor

         35.      Opinion of Richards, Layton & Finger with respect to the
                  enforceability of the Guaranty

         36.      Opinion of Richards, Layton & Finger with respect to authority
                  to file Bankruptcy

         37.      Opinions of Tenant/Guarantor's counsel, Gorman & Miller

         38.      Opinion of Eastwick Rose & Wright with respect to
                  enforceability of Loan Documents under Maryland Law

                                     -111-
<PAGE>   112

LOAN NO. 21
Bedford, Virginia

                                    LOAN FROM

                      LEGG MASON REAL ESTATE SERVICES, INC.

                                       TO

                                 CRICFW ONE LLC

                          CLOSING DATE: March 20, 2000
        PROPERTY: 1395 East Lynchburg/Salem Turnpike, Bedford, Virginia

                                  BINDER INDEX

I.       FINANCING DOCUMENTS

         1.       Promissory Note with Allonge I, Allonge II and Allonge III

         2.       Paydown and Readvance Agreement

         3.       Credit Line Deed of Trust, Security Agreement, Assignment of
                  Leases and Rents, Easement and Fixture Filing

         4.       Assignment of Lease and Rents

         5.       Indemnity and Guaranty Agreement

         6.       Receipt and Closing Certificate

         7.       Disbursement Agreement

         8.       Rent Direction Letter

         9.       UCC-1 (Secretary of State of VA)

         10.      UCC-1 (County of Bedford)

         11.      UCC-1 (Secretary of State of Massachusetts)

         12.      UCC-1 (Secretary of the State of Delaware)

                                     -112-
<PAGE>   113

         13.      UCC-3 (Secretary of State of VA)

         14.      UCC-3 (County of Bedford)

         15.      UCC-3 (Secretary of State of MA)

         16.      UCC-3 (Secretary of State of DE)

II.      ASSIGNMENTS

         17.      Indenture Assignment to Legg Mason Mortgage Capital
                  Corporation ("LMMC")

         18.      Indenture Assignment to LM FLE CAPITAL COMPANY, LLC

         19.      Collateral Assignment of Indenture

         20.      General Assignment of Loan Documents I (LMMC)

         21.      General Assignment of Loan Documents II (LM FLE CAPITAL
                  COMPANY, LLC)

         22.      Collateral General Assignment of Loan Documents

III.     LEASE DOCUMENTS

         23.      Lease

         24.      Subordination, Non-Disturbance and Attornment Agreement

         25.      Tenant Estoppel (Guaranty attached)

IV.      ADDITIONAL CLOSING ITEMS

         26.      Closing Instruction Letter/"Marked-up" Title
                  Commitment/Proforma

         27.      Survey (Lender's Copy Only)

V.       AUTHORITY. ETC. DOCUMENTS FOR BORROWER AND CONSTITUENTS

         28.      Member's Certificate

VI.      TENANT'S ORGANIZATIONAL DOCUMENTS

         29.      Certificate of Secretary

                                     -113-
<PAGE>   114

                  A.       Articles of Incorporation

                  B.       Bylaws

VII.     LEGAL OPINIONS

         30.      Opinion of Thompson, Hine & Flory with respect to
                  enforceability of Loan Documents and Lease under Virginia law

         31.      Opinion of Hale and Dorr, LLP with respect to
                  non-consolidation and related bankruptcy matters

         32.      Opinion of Hale and Dorr, LLP with respect to authority and
                  due execution of Borrower and Indemnitor

         33.      Opinion of Richards, Layton & Finger with respect to due
                  organization of Borrower and Indemnitor

         34.      Opinion of Richards, Layton & Finger with respect to the
                  enforceability of the Guaranty

         35.      Opinion of Richards, Layton & Finger with respect to authority
                  to file Bankruptcy

         36.      Opinions of Tenant/Guarantor's counsel, Gorman & Miller

         37.      Opinion of Eastwick Rose & Wright with respect to
                  enforceability of Loan Documents under Maryland Law

                                     -114-
<PAGE>   115

LOAN NO. 22
Daniels, West Virginia

                                    LOAN FROM

                      LEGG MASON REAL ESTATE SERVICES, INC.

                                       TO

                                 CRICFW ONE LLC

                          CLOSING DATE: March 20, 2000
               PROPERTY: 1414 Ritter Drive, Daniels, West Virginia

                                  BINDER INDEX

I.       FINANCING DOCUMENTS

         1.       Promissory Note with Allonge I, Allonge II and Allonge III

         2.       Paydown and Readvance Agreement

         3.       Credit Line Deed of Trust, Security Agreement, Assignment of
                  Leases and Rents and Fixture Filing

         4.       Assignment of Lease and Rents

         5.       Indemnity and Guaranty Agreement

         6.       Receipt and Closing Certificate

         7.       Disbursement Agreement

         8.       Rent Direction Letter

         9.       UCC-1 (Secretary of State of WV)

         10.      UCC-1 (Secretary of State of Massachusetts)

         11.      UCC-1 (Secretary of the State of Delaware)

         12.      UCC-3 (Secretary of State of WV)

                                     -115-
<PAGE>   116

         13.      UCC-3 (Secretary of State of MA)

         14.      UCC-3 (Secretary of State of DE)

II.      ASSIGNMENTS

         15.      Indenture Assignment to Legg Mason Mortgage Capital
                  Corporation ("LMMC")

         16.      Indenture Assignment to LM FLE CAPITAL COMPANY, LLC

         17.      Collateral Assignment of Indenture

         18.      General Assignment of Loan Documents I (LMMC)

         19.      General Assignment of Loan Documents II (LM FLE CAPITAL
                  COMPANY, LLC)

         20.      Collateral General Assignment of Loan Documents

III.     LEASE DOCUMENTS

         21.      Lease

         22.      Subordination, Non-Disturbance and Attornment Agreement

         23.      Tenant Estoppel (Guaranty attached)

V.       ADDITIONAL CLOSING ITEMS

         24.      Closing Instruction Letter/"Marked-up" Title
                  Commitment/Proforma

         25.      Survey (Lender's Copy Only)

V.       AUTHORITY. ETC. DOCUMENTS FOR BORROWER AND CONSTITUENTS

         26.      Member's Certificate

VI.      TENANT'S ORGANIZATIONAL DOCUMENTS

         27.      Certificate of Secretary

                  A.       Articles of Incorporation

                  B.       Bylaws

                                     -116-
<PAGE>   117

VII.     LEGAL OPINIONS

         28.      Opinion of Jackson & Kelly with respect to enforceability of
                  Loan Documents and Lease under West Virginia law

         29.      Opinion of Hale and Dorr, LLP with respect to
                  non-consolidation and related bankruptcy matters

         30.      Opinion of Hale and Dorr, LLP with respect to authority and
                  due execution of Borrower and Indemnitor

         31.      Opinion of Richards, Layton & Finger with respect to due
                  organization of Borrower and Indemnitor

         32.      Opinion of Richards, Layton & Finger with respect to the
                  enforceability of the Guaranty

         33.      Opinion of Richards, Layton & Finger with respect to authority
                  to file Bankruptcy

         34.      Opinions of Tenant/Guarantor's counsel, Gorman & Miller

         35.      Opinion of Eastwick Rose & Wright with respect to
                  enforceability of Loan Documents under Maryland Law

                                     -117-
<PAGE>   118

                                    EXHIBIT C

                             LIST OF LEASE DOCUMENTS

                                  See attached

                                     -118-
<PAGE>   119

                           EXHIBIT C - LIST OF LEASES

1.       Lease dated March 21, 2000 by and between CRICFW One, LLC and Fleetwood
         Home Centers of Texas for the property located at 8301 Canyon Drive,
         Amarillo, TX 79118.

2.       Lease dated March 21, 2000 by and between CRJCFW One, LLC and Fleetwood
         Retail Corp. of South Carolina for the property located at 330 Pearman
         Dairy Road, Anderson, SC 29625.

3.       Lease dated March 21, 2000 by and between CRICFW One, LLC and Fleetwood
         Retail Corp. of Virginia for the property located at 12058 South
         Washington Hwy., Ashland, VA 23005.

4.       Lease dated March 21, 2000 by and between CRICFW One, LLC and Fleetwood
         Retail Corp. of Virginia for the property located at 1395
         E. Lynchburg/Salem Tpk., Bedford, VA 24532.

5.       Lease dated March 21, 2000 by and between CRICFW One, LLC and Fleetwood
         Retail Corp. of Florida for the property located at 409 St. Johns Road,
         Bonifay, FL 32425.

6.       Lease dated March 21, 2000 by and between CRICFW One, LLC and Fleetwood
         Retail Corp. of Tennessee for the property located at 6100 Hwy 153,
         Chattanooga, TN 37343.

7.       Lease dated March 21, 2000 by and between CRICFW One, LLC and Fleetwood
         Retail Corp. of Georgia for the property located at 40165 US Hwy 441
         North, Commerce, GA 30529.

8.       Lease dated March 21, 2000 by and between CRICFW One, LLC and Fleetwood
         Retail Corp. of West Virginia for the property located at 1414 Ritter
         Drive (Route 19) Daniels, WV 25832.

9.       Lease dated March 21, 2000 by and between CRICFW One, LLC and Fleetwood
         Retail Corp. of Georgia for the property located at 1797 Hwy 400,
         Dawsonville, GA 30534.

10.      Lease dated March 21, 2000 by and between CRICFW One, LLC and Fleetwood
         Retail Corp. of Tennessee for the property located at 1321 19E Bypass,
         Elizabethton, TN 37643.

11.      Lease dated March 21, 2000 by and between CRICFW One, LLC and Fleetwood
         Retail Corp. of South Carolina for the property located at 732 S. Ron
         McNair Blvd., Lake City, SC 29560.

12.      Lease dated March 21, 2000 by and between CRJCFW One, LLC and Fleetwood
         Retail Corp. of Georgia for the property located at 905 Cobb Pkwy NE,
         Marietta, GA 30062.

                                     -119-
<PAGE>   120

13.      Lease dated March 21, 2000 by and between CRICFW One, LLC and Fleetwood
         Retail Corp. of North Carolina for the property located at 1765 US Hwy
         601 North, Mocksville, NC 27028.

14.      Lease dated March 21, 2000 by and between CRICFW One, LLC and Fleetwood
         Retail Corp. of South Carolina for the property located at 6075
         Savannah Way, Ravenel, SC 29470.

15.      Lease dated March 21, 2000 by and between CRICFW One, LLC and Fleetwood
         Home Centers of Texas for the property located at 28240 Southwest
         Freeway, Rosenberg, TX 77471.

16.      Lease dated March 21, 2000 by and between CRICFW One, LLC and Fleetwood
         Home Centers of Texas for the property located at 10437 South I-35,
         Hewitt, TX 76706.

17.      Lease dated March 21, 2000 by and between CRICFW One, LLC and Fleetwood
         Retail Corp. of Georgia for the property located at 931 Carrolton Hwy,
         Temple, GA 30179.

18.      Lease dated March 21, 2000 by and between CRICFW One, LLC and Fleetwood
         Retail Corp. of Arkansas for the property located at 2901 E. Service
         Road, West Memphis, AR 72301.

                                     -120-
<PAGE>   121

                                    EXHIBIT D

                    FORM OF ASSIGNMENT OF MEMBERSHIP INTEREST

DATE:                           , 2001
          ----------------------
ASSIGNOR:  Corporate Realty Investment Company, L.L.C.

ASSIGNEE:
          -----------------------------------------

                                    RECITALS:

A.       Assignor presently owns 100% of the Membership Interest of CRICFW One,
         LLC, a Delaware limited liability company, formed pursuant to a Limited
         Liability Company Agreement (the "LLC Agreement") dated as of February
         8, 1998 among Wilmington Trust Company as Independent Manager and
         Assignor as Member (the "LLC"). As used herein, "Membership Interest"
         shall have the meaning given to it in the LLC Agreement.

B.       Assignor and Assignee have entered into that certain Purchase and Sale
         Agreement dated as of March __, 2001 (the "Purchase Agreement"),
         wherein Assignor agreed to sell and Assignee agreed to buy the
         Membership Interest;

FOR VALUABLE CONSIDERATION, the receipt and adequacy of which are hereby
acknowledged, Assignor agrees as follows:

         1. Assignment. Assignor assigns, transfers, sets over, and conveys to
Assignee, the Membership Interest.

         2. Binding Effect. This Assignment shall inure to the benefit of and be
binding upon the parties hereto and their respective successors and assigns.

         3. Construction; Definitions. This Assignment shall be construed
according to Delaware law. Capitalized terms used and not otherwise defined
herein shall have the meanings given to such terms in the Purchase Agreement.

         4. Warranty. Assignor represents and warrants that (i) the Membership
Interest is being assigned, transferred, set over and conveyed free and clear of
any liens, encumbrances or claims of third parties of any kind, (ii) Assignor
has not assigned, pledged or transferred the membership interest to any third
party, and (iii) no third party has any right or option to acquire the
Membership Interest; and Assignor agrees to defend the Membership Interest unto
Assignee, its successors and assigns, forever.

DATED as of the day and year first above written.

                                     -121-
<PAGE>   122

ASSIGNOR:

Corporate Realty Investment Company, L.L.C.,
a Delaware limited liability company

By:
    ----------------------------------------

ACCEPTED:

ASSIGNEE:

By:
    ----------------------------------------
         Name:
         Its:

                                     -122-
<PAGE>   123

                                    EXHIBIT E

                          LIST OF ENVIRONMENTAL REPORTS
                       AND ADDITIONAL PROPERTY INFORMATION

                                     -123-
<PAGE>   124

                                    EXHIBIT F

                       LIST OF OWNER FINANCIAL STATEMENTS

                                  See attached

                                     -124-
<PAGE>   125

                                 CRICFW ONE LLC
                                  Balance Sheet
                                 March 31, 2000

<TABLE>
<S>                                      <C>                    <C>
                                     ASSETS

Current Assets
     Financing Costs                     $   147,830.13
                                         --------------
Total Current Assets                                              147,830.13

Property and Equipment
     Building                             10,156,366.65
     Land                                 10,511,860.16
                                         --------------

Total Property and Equipment                                   20,668,226.81

Other Assets
                                         --------------
Total Other Assets                                                      0.00
                                                              --------------
Total Assets                             $20,816,056.94       $20,816,056.94
                                                              ==============

                             LIABILITIES AND ASSETS
Current Liabilities
     Advance to/from CRIC                $   158,013.53
                                         --------------
Total Current Liabilities                                         158,013.53

Long-Term Liabilities                     20,658,043.41
                                         --------------
Total Long-Term Liabilities                                    20,658,043.41
                                                              --------------
Total Liabilities                                              20,816,056.94

Capital
     Net Income                                    0.00
                                         --------------
Total Capital                                                           0.00
                                                              --------------
Total Liabilities & Capital                                   $20,816,056.94
                                                              ==============
</TABLE>

                                     -125-
<PAGE>   126

                                    EXHIBIT G

             LIST OF TENANT AND LEASE GUARANTOR FINANCIAL STATEMENTS

                                     -126-
<PAGE>   127

                                    EXHIBIT H

                           LIST OF TITLE DOCUMENTATION

                                  See attached

                                     -127-
<PAGE>   128

                           EXHIBIT H - TITLE DOCUMENTS

1. First American Title Insurance Company Pro-Forma Title Policy regarding the
property located at 8301 Canyon Drive, Amarillo, TX 79118.

2. First American Title Insurance Company Pro-Forma Title Policy regarding the
property located at 330 Pearman Dairy Road, Anderson, SC 29625.

3. First American Title Insurance Company Title Policy Number 616440 dated March
29, 2000 at 3:57 p.m. regarding the property located at 12058 South Washington
Hwy., Ashland, VA 23005.

4. First American Title Insurance Company Title Policy Number 616443 dated April
3, 2000 at 9:50 a.m. regarding the property located at 1395 E. Lynchburg/Salem
Tpk., Bedford, VA 24532.

5. First American Title Insurance Company Title Policy Number FA-35-12403 1
dated April 6, 2000 at 11:34 a.m. regarding the property located at 409 St.
Johns Road, Bonifay, FL 32425.

6. First American Title Insurance Company Title Policy Number 5488935 dated
April 4, 2000 at 3:11 p.m. regarding the property located at 6100 Hwy 153,
Chattanooga, TN 37343.

7. First American Title Insurance Company Title Policy Number FA-33-353887 dated
May 1, 2000 at 11:40 a.m. regarding the property located at 40165 US Hwy 441
North, Commerce, GA 30529.

8. First American Title Insurance Company Pro-Forma Title Policy regarding the
property located at 1414 Ritter Drive (Route 19) Daniels, WV 25832.

9. First American Title Insurance Company Title Policy Number FA-33-353889 dated
April 28, 2000 at 11:45 a.m. regarding the property located at 1797 Hwy 400,
Dawsonville, GA 30534.

10. First American Title Insurance Company Title Policy Number 5863883 dated
March 27, 2000 at 2:29 p.m. regarding the property located at 1321 19E Bypass,
Elizabethton, TN 37643.

11. First American Title Insurance Company Title Policy Number FA-32-91498 dated
March 29, 2000 at 1:31 p.m. regarding the property located at 732 S. Ron McNair
Blvd., Lake City, SC 29560.

12. First American Title Insurance Company Pro-Forma Title Policy regarding the
property located at 905 Cobb Pkwy NE, Marietta, GA 30062.

                                     -128-
<PAGE>   129
13. First American Title Insurance Company Title Policy Number FA-32-78851
dated March 28, 2000 at 11:39 p.m. regarding the property located at 1765 US Hwy
601 North, Mocksville, NC 27028.

14. First American Title Insurance Company Pro-Forma Title Policy regarding the
property located at 6075 Savannah Way, Ravenel, SC 29470.

15. First American Title Insurance Company Title Policy Number 014377 dated
March 30, 2000 regarding the property located at 28240 Southwest Freeway,
Rosenberg, TX 77471.

16. First American Title Insurance Company Title Policy Number 014379 dated
March 30, 2000 regarding the property located at 10437 South 1-35, Hewitt, TX
76706.

17. First American Title Insurance Company Pro-Forma Title Policy regarding the
property located at 931 Carrolton Hwy, Temple, GA 30179.

18. First American Title Insurance Company Title Policy Number 5859438 dated
March 21, 2000 regarding the property located at 2901 E. Service Road, West
Memphis, AR 72301.

                                     -129-
<PAGE>   130

                                    EXHIBIT I

                             Intentionally Omitted.

                                     -130-
<PAGE>   131

                                   EXHIBIT J
                         FORM OF NON-FOREIGN AFFIDAVIT

         Section 1445 of the Internal Revenue Code provides that a transferee of
a U.S. real property interest must withhold tax if the transferor is a foreign
person. To inform the transferee that withholding of tax is not required upon
the disposition of a U.S. real property interest by Corporate Realty Investment
Company L.L.C. ("Seller"), the undersigned hereby certifies the following:

         1.       Seller is not a foreign person, foreign corporation, foreign
                  partnership, foreign trust, or foreign estate (as those terms
                  are defined in the Internal Revenue Code and Income Tax
                  Regulations);

         2.       Seller's U.S. taxpayer identification number is 04-3342656;
                  and

         3.       Seller's address is One Exeter Plaza, Boston, Massachusetts
                  02116.

         The undersigned understands that this certification may be disclosed to
the Internal Revenue Service by the transferee and that any false statement
contained herein could be punished by fine, imprisonment, or both. Under
penalties of peijury, the undersigned declares that it has examined this
certification and to the best of its knowledge and belief it is true, correct,
and complete, and further declares that it has authority to sign this document.

Date:  As of ____________, ________ Corporate Realty Investment Company L.L.C.

                                    By:
                                        ----------------------------------------

                                    -------------------------
                                    Its Chief Operating Officer

                                     -131-
<PAGE>   132

                                    EXHIBIT K

                           ASSIGNMENT OF FEE AGREEMENT

DATE:                                    , 2000
           ------------------------------

ASSIGNOR: Corporate Realty Investment Company, L.L.C.

ASSIGNEE:
           ------------------------------

                                    RECITALS:

         A. Assignor presently owns 100% of the Membership Interest of CRICFW
One, LLC, a Delaware limited liability company, formed pursuant to a Limited
Liability Company Agreement dated as of February 8, 1998 (the "LLC Agreement")
among Wilmington Trust Company as Independent Manager and Assignor as Member
(the "LLC"). As used herein, "Membership Interest Interest" shall have the
meaning given to it in the LLC Agreement.

         B. Wilmington Trust and Assignor entered into that certain Fee
Agreement, dated as of _____________________, 1998 (the "Fee Agreement"),
pursuant to which Fee Agreement Wilmington Trust and Assignor agreed that
Wilmington Trust Company would act as Independent Manager for the LLC.

         C. Assignor and Assignee have entered into that certain Purchase and
Sale Agreement dated as of March __, 2001, (the "Purchase Agreement"), wherein
Assignor agreed to sell and Assignee agreed to buy 100% of the Membership
Interest in the LLC;

         D. In conjunction with Assignor's sale of the Membership Interest to
Assignee, Assignor now would like to assign the Fee Agreement to Assignee.

         FOR VALUABLE CONSIDERATION, the receipt and adequacy of which are
hereby acknowledged, Assignor and Assignee agree as follows:

         1. Assignment. Assignor assigns, transfers, sets over, and conveys to
Assignee, all of its right, title and interest in the Fee Agreement.

         2. Binding Effect. This Assignment shall inure to the benefit of and be
binding upon the parties hereto and their respective successors and assigns.

         3. Construction. This Assignment shall be construed according to
Delaware law.

                                     -132-
<PAGE>   133

         4. Non-Recourse. Assignee agrees that the liability of Assignor, where
applicable, under this Assignment, the Purchase Agreement, and any other
agreement, document, certificate or instrument delivered by Assignor to
Assignee, or under any law applicable this transaction, shall be limited as
provided in Section 17 of the Purchase Agreement.

DATED as of the day and year first above written.

         ASSIGNOR:

         Corporate Realty Investment Company, L.L.C.,
         a Delaware limited liability company,

         By:
             -------------------------------------------------
                  Name:  Marcy Axelard
                  Title: Vice President

         ACCEPTED:

         ASSIGNEE:

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

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

CONSENTED TO:

Wilmington Trust Company

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

                                     -133-
<PAGE>   134

                 FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT

         THIS FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT ("Amendment") is
executed as of this 4th day of May, 2001, by and between CORPORATE REALTY
INVESTMENT COMPANY, L.L.C., a Delaware limited liability company ("Seller"), and
FORT AUSTIN LIMITED PARTNERSHIP, a Texas limited partnership ("Buyer")

                              W I T N E S S E T H:

         WHEREAS, Seller and Buyer entered into that certain Purchase and sale
Agreement dated April 5, 2001, (the "Agreement"); all capitalized terms not
otherwise defined herein shall have the same meanings as in the Agreement; and

         WHEREAS, Seller and Buyer desire to amend the Agreement in certain
respects; and

         NOW, THEREFORE, in consideration of the foregoing and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

         1. The Agreement is hereby amended in all respects necessary to reflect
that, as of the Closing Date, the Assumed Loan Balance shall equal Nine Million
Four Hundred Four Thousand Five Hundred and No/100ths dollars ($9,404,500).

         IN WITNESS WHEREOF, the undersigned parties have executed this
Amendment to be effective the ___ day of May, 2001.

                                   SELLER:
                                   CORPORATE REALTY INVESTMENT
                                   COMPANY, L.L.C., a Delaware limited liability
                                   company

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

                                   BUYER:
                                   FORT AUSTIN LIMITED PARTNERSHIP, a
                                   Texas limited partnership

                                   By: ARC Fort Austin Limited Properties, Inc.,
                                       its general partner

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

                                     -134-
<PAGE>   135

                 SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT

         THIS SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT ("Amendment") is
executed as of this ___ day of May, 2001, by and between CORPORATE REALTY
INVESTMENT COMPANY, L.L.C., a Delaware limited liability company ("Seller"), and
FORT AUSTIN LIMITED PARTNERSHIP, a Texas limited partnership ("Buyer")

                              W I T N E S S E T H:

         WHEREAS, Seller and Buyer entered into that certain Purchase and sale
Agreement dated April 5, 2001, as amended by First Amendment to Purchase and
Sale Agreement dated May __, 2001, (the "Agreement") all capitalized terms not
otherwise defined herein shall have the same meanings as in the Agreement; and

         WHEREAS, Seller and Buyer desire to amend the Agreement in certain
respects; and

         NOW, THEREFORE, in consideration of the foregoing and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

         The Agreement is hereby amended to extend the Due Diligence Period in
Section 13 as to the items listed on Exhibit A only. Said Due Diligence Period
shall be extended as to said items until seven (7) days after all listed items
are received by Buyer.

         IN WITNESS WHEREOF, the undersigned parties have executed this
Amendment to be effective the ___ day of May, 2001.

                                   SELLER:
                                   CORPORATE REALTY INVESTMENT COMPANY, L.L.C.,
                                   a Delaware limited liability company

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

                                   BUYER:
                                   FORT AUSTIN LIMITED PARTNERSHIP, a
                                   Texas limited partnership

                                   By: ARC Fort Austin Limited Properties, Inc.,
                                       its general partner

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

                                     -135-
<PAGE>   136

                 THIRD AMENDMENT TO PURCHASE AND SALE AGREEMENT

         THIS THIRD AMENDMENT TO PURCHASE AND SALE AGREEMENT ("Amendment") is
executed as of this 29th day of May, 2001, by and between CORPORATE REALTY
INVESTMENT COMPANY, L.L.C., a Delaware limited liability company ("Seller"), and
FORT AUSTIN LIMITED PARTNERSHIP, a Texas limited partnership ("Buyer")

                              W I T N E S S E T H:

         WHEREAS, Seller and Buyer entered into that certain Purchase and Sale
Agreement dated April 5, 2001 as amended by a First Amendment to Purchase and
Sale Agreement dated May __, 2001 and a Second Amendment to Purchase and Sales
Agreement dated as of May 7, 2001 (the "Agreement"); all capitalized terms not
otherwise defined herein shall have the same meanings as in the Agreement; and

         WHEREAS, Seller and Buyer desire to amend the Agreement in certain
respects; and

         NOW, THEREFORE, in consideration of the foregoing and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

         The Agreement is hereby amended in all respects necessary to reflect
         that, as of the Closing Date, the Assumed Loan Balance shall equal Nine
         Million Fifty Thousand Dollars ($9,050,000.00).

         IN WITNESS WHEREOF, the undersigned parties have executed this
Amendment to be effective the 29th day of May, 2001.

                                   SELLER:
                                   CORPORATE REALTY INVESTMENT COMPANY, L.L.C.,
                                   a Delaware limited liability company

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

                                   BUYER:
                                   FORT AUSTIN LIMITED PARTNERSHIP, a
                                   Texas limited partnership

                                   By: ARC Fort Austin Limited Properties, Inc.,
                                       its general partner

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

                                     -136-
<PAGE>   137

                      INSTRUMENT OF ACCESION AND ASSUMPTION
                       8301 CANYON DRIVE, AMARILLO, TEXAS

         This Instrument of Accession and Assumption dated June __, 2001, made
by ARC FLEETWOOD, LLC, a Tennessee limited liability company, (the "Acceding
Beneficial Owner"), CORPORATE REALTY INVESTMENT COMPANY, L.L.C., a Delaware
limited liability company (the "Existing Beneficial Owner") and CRICFW ONE, LLC,
a Delaware limited liability company (the "Borrower") in respect of the Deed of
Trust, Security Agreement, Assignment of Lease and Rents and Fixture Filing
effective as of March 21, 2000 (the "Indenture") from the Borrower to LEGG MASON
REAL ESTATE SERVICES, INC., a Pennsylvania corporation as mortgagee (the
"Lender"). This Instrument of Accession is entered into pursuant to Subsection
9(b)(i) of the Indenture. Capitalized terms used herein without definition shall
have the meanings assigned to such terms in the Indenture.

         WHEREAS, the Existing Beneficial Owner desires to transfer to the
Acceding Beneficial Owner and the Acceding Beneficial Owner desires to purchase
from the Existing Beneficial Owner, the beneficial interest in the Borrower on
the terms and conditions set forth herein, pursuant to Subsection 9(b) of the
Indenture (the "Transfer"); and

         WHEREAS, the Lender has heretofore assigned, transferred, granted, set
over and conveyed all of the Lender's interest in, to and under the Note,
Indenture and Other Security Documents to Legg Mason Mortgage Capital
Corporation, a Maryland corporation, who further assigned, transferred, granted,
set over and conveyed all of its interest in, to and under the Note, Indenture
and Other Security Documents to LM FLE Capital Company, LLC, a Delaware limited
liability company (the "Participating Lender") and the Participating Lender has
issued and sold participation interests in its interest in the Note, Indenture
and Other Security Documents to the Legg Mason Mortgage Capital Corporation
Lease-Backed Commercial Mortgage Pass-Through Trust, Series 2000-CTL-2.

         NOW, THEREFORE, in consideration of and for the mutual benefit of the
parties hereto, each of the undersigned does hereby agree as follows:

         Section 1. Assumption. The Acceding Beneficial Owner hereby expressly
assumes and agrees, with effect from and after the date hereof, to perform and
observe each and every one of the covenants, conditions, obligations,
indemnities, duties and liabilities, if any, applicable to the "Beneficial
Owner" under the Note, Indenture, and each Other Security Document to which the
Existing Beneficial Owner is a party, if any, as if the Acceding Beneficial
Owner had been the original "Beneficial Owner" thereto. All references to any
Beneficial Owner in the Note, Indenture and each Other Security Document shall
be deemed to be and include references to the Acceding Beneficial Owner.

         Section 2. Representations of the Existing Beneficial Owner and the
Borrower. The Existing Beneficial Owner and the Borrower represent and warrant
to the parties hereto that:

                  (a)      As of this date of closing of the Transfer, the
                           requirements set forth in Sections (9) b and 20 of
                           the Indenture have been satisfied in regard to the
                           obligations of the Borrower and the Existing
                           Beneficial Owner.

                  (b)      To the current actual knowledge of the Existing
                           Beneficial Owner, as of the date hereof and after
                           giving effect to the Transfer of the beneficial
                           interest in the Borrower from the Existing Beneficial
                           Owner to the Acceding Beneficial Owner,

                                     -137-
<PAGE>   138

                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (c)      To the knowledge of the Borrower, as of the date
                           hereof and after giving effect to the Transfer of the
                           beneficial interest in the Borrower from the Existing
                           Beneficial Owner to the Acceding Beneficial Owner,
                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (d)      The Transfer of the beneficial ownership interest in
                           and to the Borrower as contemplated is permitted by
                           the organizational documents of the Borrower and the
                           Existing Beneficial Owner.

                  (e)      The Borrower has paid to the Lender all of the
                           Lender's costs and expenses incurred in connection
                           with the Transfer set forth in subsection 9(b)(vi) of
                           the Indenture.

         Section 3. Representations of the Acceding Benefit Owner. The Acceding
Beneficial Owner represents that:

                  (a)      The requirements set forth in Section 20 of the
                           Indenture are satisfied after giving effect to the
                           contemplated Transfer.

                  (b)      The Transfer of the beneficial ownership interest in
                           and to the Borrower is permitted by the
                           organizational documents of the Borrower and of the
                           Acceding Beneficial Owner.

                  (c)      The Acceding Beneficial Owner represents and warrants
                           that each of the representations and warranties as
                           applicable to the Acceding Beneficial Owner set forth
                           on Exhibit Q to the Certificate Purchase Agreement
                           are true and correct with respect to and as applied
                           to the Acceding Beneficial Owner and said
                           representations and warranties are hereby
                           incorporated in full as is specifically set forth
                           herein.

         Section 4. Information. Any notices and other information heretofore
provided to the Existing Beneficial Owner and the Borrower under the Indenture
or Other Security Documents shall hereafter be provided to the Acceding
Beneficial Owner and the Borrower at the following address:

                 ACCEDING BENEFICIAL OWNER
         Name       ARC Fleetwood, LLC
         Address:   111 Westwood Place, Suite 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile: 615-221-5284

                                     -138-
<PAGE>   139

                 BORROWER
         Name       CRICFW One, LLC
         Address:   c/o ARC Fleetwood, LLC
                    111 Westwood Place, Suit 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile: 615-221-5284

         Section 5. Governing Law. THIS INSTRUMENT OF ACCESSION AND ASSUMPTION
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE
PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF TENNESSEE. TO THE FULLEST
EXTENT PERMITTED BY LAW, PARTIES HERETO HEREBY UNCONDITIONALLY AND IRREVOCABY
WAIVE ANY CLAIM TO ASSERT THAT THE LAW OF ANY OTHER JURISDICTION GOVERNS THIS
ACCESSION AND ASSUMPTION.

         Section 6. Counterparts. This instrument may be executed in any number
of counterparts all of which together shall constitute but one instrument.

         IN WITNESS WHEREOF, the parties hereto have caused the Instrument of
Accession and Assumption to be executed by their respective officers thereunto
duly authorized as of the day and year first above written.

                                    ARC FLEETWOOD, LLC
                                    as the Acceding Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        George T. Hicks, Secretary

                                    CORPORATE REALTY INVESTMENT COMPANY, L.L.C.
                                    as the Existing Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        Marcy Axelrad, Executive Vice President

                                    CRICFW ONE, LLC
                                    as the Borrower

                                    By: Corporate Realty Investment Company,
                                        L.L.C., its sole member

                                        By:
                                            ------------------------------------
                                            Marcy Axelrad, Exec. Vice President

                                     -139-
<PAGE>   140

                      INSTRUMENT OF ACCESION AND ASSUMPTION
                330 PEARMAN DAIRY ROAD, ANDERSON, SOUTH CAROLINA

         This Instrument of Accession and Assumption dated June __, 2001, made
by ARC FLEETWOOD, LLC, a Tennessee limited liability company, (the "Acceding
Beneficial Owner"), CORPORATE REALTY INVESTMENT COMPANY, L.L.C., a Delaware
limited liability company (the "Existing Beneficial Owner") and CRICFW ONE, LLC,
a Delaware limited liability company (the "Borrower") in respect of the
Mortgage, Security Agreement, Assignment of Lease and Rents and Fixture Filing
effective as of March 21, 2000 (the "Indenture") from the Borrower to LEGG MASON
REAL ESTATE SERVICES, INC., a Pennsylvania corporation as mortgagee (the
"Lender"). This Instrument of Accession is entered into pursuant to Subsection
9(b)(i) of the Indenture. Capitalized terms used herein without definition shall
have the meanings assigned to such terms in the Indenture.

         WHEREAS, the Existing Beneficial Owner desires to transfer to the
Acceding Beneficial Owner and the Acceding Beneficial Owner desires to purchase
from the Existing Beneficial Owner, the beneficial interest in the Borrower on
the terms and conditions set forth herein, pursuant to Subsection 9(b) of the
Indenture (the "Transfer"); and

         WHEREAS, the Lender has heretofore assigned, transferred, granted, set
over and conveyed all of the Lender's interest in, to and under the Note,
Indenture and Other Security Documents to Legg Mason Mortgage Capital
Corporation, a Maryland corporation, who further assigned, transferred, granted,
set over and conveyed all of its interest in, to and under the Note, Indenture
and Other Security Documents to LM FLE Capital Company, LLC, a Delaware limited
liability company (the "Participating Lender") and the Participating Lender has
issued and sold participation interests in its interest in the Note, Indenture
and Other Security Documents to the Legg Mason Mortgage Capital Corporation
Lease-Backed Commercial Mortgage Pass-Through Trust, Series 2000-CTL-2.

         NOW, THEREFORE, in consideration of and for the mutual benefit of the
parties hereto, each of the undersigned does hereby agree as follows:

         Section 1. Assumption. The Acceding Beneficial Owner hereby expressly
assumes and agrees, with effect from and after the date hereof, to perform and
observe each and every one of the covenants, conditions, obligations,
indemnities, duties and liabilities, if any, applicable to the "Beneficial
Owner" under the Note, Indenture, and each Other Security Document to which the
Existing Beneficial Owner is a party, if any, as if the Acceding Beneficial
Owner had been the original "Beneficial Owner" thereto. All references to any
Beneficial Owner in the Note, Indenture and each Other Security Document shall
be deemed to be and include references to the Acceding Beneficial Owner.

         Section 2. Representations of the Existing Beneficial Owner and the
Borrower. The Existing Beneficial Owner and the Borrower represent and warrant
to the parties hereto that:

                  (f)      As of this date of closing of the Transfer, the
                           requirements set forth in Sections (9)b and 20 of
                           the Indenture have been satisfied in regard to the
                           obligations of the Borrower and the Existing
                           Beneficial Owner.

                  (g)      To the current actual knowledge of the Existing
                           Beneficial Owner, as of the date hereof and after
                           giving effect to the Transfer of the beneficial
                           interest in the Borrower from the Existing Beneficial
                           Owner to the Acceding Beneficial Owner,

                                     -140-
<PAGE>   141

                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (h)      To the knowledge of the Borrower, as of the date
                           hereof and after giving effect to the Transfer of the
                           beneficial interest in the Borrower from the Existing
                           Beneficial Owner to the Acceding Beneficial Owner,
                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (i)      The Transfer of the beneficial ownership interest in
                           and to the Borrower as contemplated is permitted by
                           the organizational documents of the Borrower and the
                           Existing Beneficial Owner.

                  (j)      The Borrower has paid to the Lender all of the
                           Lender's costs and expenses incurred in connection
                           with the Transfer set forth in subsection 9(b)(vi) of
                           the Indenture.

         Section 3. Representations of the Acceding Benefit Owner. The Acceding
Beneficial Owner represents that:

                  (d)      The requirements set forth in Section 20 of the
                           Indenture are satisfied after giving effect to the
                           contemplated Transfer.

                  (e)      The Transfer of the beneficial ownership interest in
                           and to the Borrower is permitted by the
                           organizational documents of the Borrower and of the
                           Acceding Beneficial Owner.

                  (f)      The Acceding Beneficial Owner represents and warrants
                           that each of the representations and warranties as
                           applicable to the Acceding Beneficial Owner set forth
                           on Exhibit Q to the Certificate Purchase Agreement
                           are true and correct with respect to and as applied
                           to the Acceding Beneficial Owner and said
                           representations and warranties are hereby
                           incorporated in full as is specifically set forth
                           herein.

         Section 4. Information. Any notices and other information heretofore
provided to the Existing Beneficial Owner and the Borrower under the Indenture
or Other Security Documents shall hereafter be provided to the Acceding
Beneficial Owner and the Borrower at the following address:

                 ACCEDING BENEFICIAL OWNER
         Name       ARC Fleetwood, LLC
         Address:   111 Westwood Place, Suite 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

                                     -141-
<PAGE>   142

                 BORROWER
         Name       CRICFW One, LLC
         Address:   c/o ARC Fleetwood, LLC
                    111 Westwood Place, Suit 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

         Section 5. Governing Law. THIS INSTRUMENT OF ACCESSION AND ASSUMPTION
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE
PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF TENNESSEE. TO THE FULLEST
EXTENT PERMITTED BY LAW, PARTIES HERETO HEREBY UNCONDITIONALLY AND IRREVOCABY
WAIVE ANY CLAIM TO ASSERT THAT THE LAW OF ANY OTHER JURISDICTION GOVERNS THIS
ACCESSION AND ASSUMPTION.

         Section 6. Counterparts. This instrument may be executed in any number
of counterparts all of which together shall constitute but one instrument.

         IN WITNESS WHEREOF, the parties hereto have caused the Instrument of
Accession and Assumption to be executed by their respective officers thereunto
duly authorized as of the day and year first above written.

                                    ARC FLEETWOOD, LLC
                                    as the Acceding Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        George T. Hicks, Secretary

                                    CORPORATE REALTY INVESTMENT COMPANY, L.L.C.
                                    as the Existing Beneficial Owner

                                    By:
                                        ----------------------------------------
                                         Marcy Axelrad, Executive Vice President

                                    CRICFW ONE, LLC
                                    as the Borrower

                                    By: Corporate Realty Investment Company,
                                        L.L.C., its sole member

                                        By:
                                            ------------------------------------
                                            Marcy Axelrad, Exec. Vice President

                                     -142-
<PAGE>   143

                      INSTRUMENT OF ACCESION AND ASSUMPTION
                12058 SOUTH WASHINGTON HIGHWAY, ASHLAND, VIRGINIA

         This Instrument of Accession and Assumption dated June __, 2001, made
by ARC FLEETWOOD, LLC, a Tennessee limited liability company, (the "Acceding
Beneficial Owner"), CORPORATE REALTY INVESTMENT COMPANY, L.L.C., a Delaware
limited liability company (the "Existing Beneficial Owner") and CRICFW ONE, LLC,
a Delaware limited liability company (the "Borrower") in respect of the Credit
Line Deed of Trust, Security Agreement, Assignment of Lease and Rents, Easement
and Fixture Filing effective as of March 21, 2000 (the "Indenture") from the
Borrower to LEGG MASON REAL ESTATE SERVICES, INC., a Pennsylvania corporation as
mortgagee (the "Lender"). This Instrument of Accession is entered into pursuant
to Subsection 9(b)(i) of the Indenture. Capitalized terms used herein without
definition shall have the meanings assigned to such terms in the Indenture.

         WHEREAS, the Existing Beneficial Owner desires to transfer to the
Acceding Beneficial Owner and the Acceding Beneficial Owner desires to purchase
from the Existing Beneficial Owner, the beneficial interest in the Borrower on
the terms and conditions set forth herein, pursuant to Subsection 9(b) of the
Indenture (the "Transfer"); and

         WHEREAS, the Lender has heretofore assigned, transferred, granted, set
over and conveyed all of the Lender's interest in, to and under the Note,
Indenture and Other Security Documents to Legg Mason Mortgage Capital
Corporation, a Maryland corporation, who further assigned, transferred, granted,
set over and conveyed all of its interest in, to and under the Note, Indenture
and Other Security Documents to LM FLE Capital Company, LLC, a Delaware limited
liability company (the "Participating Lender") and the Participating Lender has
issued and sold participation interests in its interest in the Note, Indenture
and Other Security Documents to the Legg Mason Mortgage Capital Corporation
Lease-Backed Commercial Mortgage Pass-Through Trust, Series 2000-CTL-2.

         NOW, THEREFORE, in consideration of and for the mutual benefit of the
parties hereto, each of the undersigned does hereby agree as follows:

         Section 1. Assumption. The Acceding Beneficial Owner hereby expressly
assumes and agrees, with effect from and after the date hereof, to perform and
observe each and every one of the covenants, conditions, obligations,
indemnities, duties and liabilities, if any, applicable to the "Beneficial
Owner" under the Note, Indenture, and each Other Security Document to which the
Existing Beneficial Owner is a party, if any, as if the Acceding Beneficial
Owner had been the original "Beneficial Owner" thereto. All references to any
Beneficial Owner in the Note, Indenture and each Other Security Document shall
be deemed to be and include references to the Acceding Beneficial Owner.

         Section 2. Representations of the Existing Beneficial Owner and the
Borrower. The Existing Beneficial Owner and the Borrower represent and warrant
to the parties hereto that:

                  (k)      As of this date of closing of the Transfer, the
                           requirements set forth in Sections (9)b and 20 of
                           the Indenture have been satisfied in regard to the
                           obligations of the Borrower and the Existing
                           Beneficial Owner.

                  (l)      To the current actual knowledge of the Existing
                           Beneficial Owner, as of the date hereof and after
                           giving effect to the Transfer of the beneficial
                           interest in the Borrower from the Existing Beneficial
                           Owner to the Acceding Beneficial Owner,

                                     -143-
<PAGE>   144

                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (m)      To the knowledge of the Borrower, as of the date
                           hereof and after giving effect to the Transfer of the
                           beneficial interest in the Borrower from the Existing
                           Beneficial Owner to the Acceding Beneficial Owner,
                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (n)      The Transfer of the beneficial ownership interest in
                           and to the Borrower as contemplated is permitted by
                           the organizational documents of the Borrower and the
                           Existing Beneficial Owner.

                  (o)      The Borrower has paid to the Lender all of the
                           Lender's costs and expenses incurred in connection
                           with the Transfer set forth in subsection 9(b)(vi) of
                           the Indenture.

         Section 3. Representations of the Acceding Benefit Owner. The Acceding
Beneficial Owner represents that:

                  (g)      The requirements set forth in Section 20 of the
                           Indenture are satisfied after giving effect to the
                           contemplated Transfer.

                  (h)      The Transfer of the beneficial ownership interest in
                           and to the Borrower is permitted by the
                           organizational documents of the Borrower and of the
                           Acceding Beneficial Owner.

                  (i)      The Acceding Beneficial Owner represents and warrants
                           that each of the representations and warranties as
                           applicable to the Acceding Beneficial Owner set forth
                           on Exhibit Q to the Certificate Purchase Agreement
                           are true and correct with respect to and as applied
                           to the Acceding Beneficial Owner and said
                           representations and warranties are hereby
                           incorporated in full as is specifically set forth
                           herein.

         Section 4. Information. Any notices and other information heretofore
provided to the Existing Beneficial Owner and the Borrower under the Indenture
or Other Security Documents shall hereafter be provided to the Acceding
Beneficial Owner and the Borrower at the following address:

                 ACCEDING BENEFICIAL OWNER
         Name       ARC Fleetwood, LLC
         Address:   111 Westwood Place, Suite 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

                                     -144-
<PAGE>   145

                  BORROWER
         Name       CRICFW One, LLC
         Address:   c/o ARC Fleetwood, LLC
                    111 Westwood Place, Suit 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:   615-221-2260
         Facsimile:  615-221-5284

         Section 5. Governing Law. THIS INSTRUMENT OF ACCESSION AND ASSUMPTION
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE
PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF TENNESSEE. TO THE FULLEST
EXTENT PERMITTED BY LAW, PARTIES HERETO HEREBY UNCONDITIONALLY AND IRREVOCABY
WAIVE ANY CLAIM TO ASSERT THAT THE LAW OF ANY OTHER JURISDICTION GOVERNS THIS
ACCESSION AND ASSUMPTION.

         Section 6. Counterparts. This instrument may be executed in any number
of counterparts all of which together shall constitute but one instrument.

         IN WITNESS WHEREOF, the parties hereto have caused the Instrument of
Accession and Assumption to be executed by their respective officers thereunto
duly authorized as of the day and year first above written.

                                    ARC FLEETWOOD, LLC
                                    as the Acceding Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        George T. Hicks, Secretary

                                    CORPORATE REALTY INVESTMENT COMPANY, L.L.C.
                                    as the Existing Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        Marcy Axelrad, Executive Vice President

                                    CRICFW ONE, LLC
                                    as the Borrower

                                    By: Corporate Realty Investment Company,
                                        L.L.C., its sole member

                                        By:
                                            ------------------------------------
                                            Marcy Axelrad, Exec. Vice President

                                     -145-
<PAGE>   146

                      INSTRUMENT OF ACCESION AND ASSUMPTION
                 1395 E. LYNCHBURG/SALEM TPK., BEDFORD, VIRGINIA

         This Instrument of Accession and Assumption dated June __, 2001, made
by ARC FLEETWOOD, LLC, a Tennessee limited liability company, (the "Acceding
Beneficial Owner"), CORPORATE REALTY INVESTMENT COMPANY, L.L.C., a Delaware
limited liability company (the "Existing Beneficial Owner") and CRICFW ONE, LLC,
a Delaware limited liability company (the "Borrower") in respect of the Credit
Line Deed of Trust, Security Agreement, Assignment of Lease and Rents, Easement
and Fixture Filing effective as of March 21, 2000 (the "Indenture") from the
Borrower to LEGG MASON REAL ESTATE SERVICES, INC., a Pennsylvania corporation as
mortgagee (the "Lender"). This Instrument of Accession is entered into pursuant
to Subsection 9(b)(i) of the Indenture. Capitalized terms used herein without
definition shall have the meanings assigned to such terms in the Indenture.

         WHEREAS, the Existing Beneficial Owner desires to transfer to the
Acceding Beneficial Owner and the Acceding Beneficial Owner desires to purchase
from the Existing Beneficial Owner, the beneficial interest in the Borrower on
the terms and conditions set forth herein, pursuant to Subsection 9(b) of the
Indenture (the "Transfer"); and

         WHEREAS, the Lender has heretofore assigned, transferred, granted, set
over and conveyed all of the Lender's interest in, to and under the Note,
Indenture and Other Security Documents to Legg Mason Mortgage Capital
Corporation, a Maryland corporation, who further assigned, transferred, granted,
set over and conveyed all of its interest in, to and under the Note, Indenture
and Other Security Documents to LM FLE Capital Company, LLC, a Delaware limited
liability company (the "Participating Lender") and the Participating Lender has
issued and sold participation interests in its interest in the Note, Indenture
and Other Security Documents to the Legg Mason Mortgage Capital Corporation
Lease-Backed Commercial Mortgage Pass-Through Trust, Series 2000-CTL-2.

         NOW, THEREFORE, in consideration of and for the mutual benefit of the
parties hereto, each of the undersigned does hereby agree as follows:

         Section 1. Assumption. The Acceding Beneficial Owner hereby expressly
assumes and agrees, with effect from and after the date hereof, to perform and
observe each and every one of the covenants, conditions, obligations,
indemnities, duties and liabilities, if any, applicable to the "Beneficial
Owner" under the Note, Indenture, and each Other Security Document to which the
Existing Beneficial Owner is a party, if any, as if the Acceding Beneficial
Owner had been the original "Beneficial Owner" thereto. All references to any
Beneficial Owner in the Note, Indenture and each Other Security Document shall
be deemed to be and include references to the Acceding Beneficial Owner.

         Section 2. Representations of the Existing Beneficial Owner and the
Borrower. The Existing Beneficial Owner and the Borrower represent and warrant
to the parties hereto that:

                  (p)      As of this date of closing of the Transfer, the
                           requirements set forth in Sections (9)b and 20 of
                           the Indenture have been satisfied in regard to the
                           obligations of the Borrower and the Existing
                           Beneficial Owner.

                  (q)      To the current actual knowledge of the Existing
                           Beneficial Owner, as of the date hereof and after
                           giving effect to the Transfer of the beneficial
                           interest in the Borrower from the Existing Beneficial
                           Owner to the Acceding Beneficial Owner,

                                     -146-
<PAGE>   147

                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (r)      To the knowledge of the Borrower, as of the date
                           hereof and after giving effect to the Transfer of the
                           beneficial interest in the Borrower from the Existing
                           Beneficial Owner to the Acceding Beneficial Owner,
                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (s)      The Transfer of the beneficial ownership interest in
                           and to the Borrower as contemplated is permitted by
                           the organizational documents of the Borrower and the
                           Existing Beneficial Owner.

                  (t)      The Borrower has paid to the Lender all of the
                           Lender's costs and expenses incurred in connection
                           with the Transfer set forth in subsection 9(b)(vi) of
                           the Indenture.

         Section 3. Representations of the Acceding Benefit Owner. The Acceding
Beneficial Owner represents that:

                  (j)      The requirements set forth in Section 20 of the
                           Indenture are satisfied after giving effect to the
                           contemplated Transfer.

                  (k)      The Transfer of the beneficial ownership interest in
                           and to the Borrower is permitted by the
                           organizational documents of the Borrower and of the
                           Acceding Beneficial Owner.

                  (l)      The Acceding Beneficial Owner represents and warrants
                           that each of the representations and warranties as
                           applicable to the Acceding Beneficial Owner set forth
                           on Exhibit Q to the Certificate Purchase Agreement
                           are true and correct with respect to and as applied
                           to the Acceding Beneficial Owner and said
                           representations and warranties are hereby
                           incorporated in full as is specifically set forth
                           herein.

         Section 4. Information. Any notices and other information heretofore
provided to the Existing Beneficial Owner and the Borrower under the Indenture
or Other Security Documents shall hereafter be provided to the Acceding
Beneficial Owner and the Borrower at the following address:

                 ACCEDING BENEFICIAL OWNER
         Name       ARC Fleetwood, LLC
         Address:   111 Westwood Place, Suite 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

                                     -147-
<PAGE>   148

                  BORROWER
         Name       CRICFW One, LLC
         Address:   c/o ARC Fleetwood, LLC

                    111 Westwood Place, Suit 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:   615-221-2260
         Facsimile:  615-221-5284

         Section 5. Governing Law. THIS INSTRUMENT OF ACCESSION AND ASSUMPTION
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE
PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF TENNESSEE. TO THE FULLEST
EXTENT PERMITTED BY LAW, PARTIES HERETO HEREBY UNCONDITIONALLY AND IRREVOCABY
WAIVE ANY CLAIM TO ASSERT THAT THE LAW OF ANY OTHER JURISDICTION GOVERNS THIS
ACCESSION AND ASSUMPTION.

         Section 6. Counterparts. This instrument may be executed in any number
of counterparts all of which together shall constitute but one instrument.

         IN WITNESS WHEREOF, the parties hereto have caused the Instrument of
Accession and Assumption to be executed by their respective officers thereunto
duly authorized as of the day and year first above written.

                                    ARC FLEETWOOD, LLC
                                    as the Acceding Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        George T. Hicks, Secretary

                                    CORPORATE REALTY INVESTMENT COMPANY, L.L.C.
                                    as the Existing Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        Marcy Axelrad, Executive Vice President

                                    CRICFW ONE, LLC
                                    as the Borrower

                                    By: Corporate Realty Investment Company,
                                        L.L.C., its sole member

                                        By:
                                            ------------------------------------
                                            Marcy Axelrad, Exec. Vice President

                                     -148-
<PAGE>   149

                      INSTRUMENT OF ACCESION AND ASSUMPTION
                      409 ST. JOHNS ROAD, BONIFAY, FLORIDA

         This Instrument of Accession and Assumption dated June __, 2001, made
by ARC FLEETWOOD, LLC, a Tennessee limited liability company, (the "Acceding
Beneficial Owner"), CORPORATE REALTY INVESTMENT COMPANY, L.L.C., a Delaware
limited liability company (the "Existing Beneficial Owner") and CRICFW ONE, LLC,
a Delaware limited liability company (the "Borrower") in respect of the
Mortgage, Security Agreement, Assignment of Lease and Rents and Fixture Filing
effective as of March 21, 2000 (the "Indenture") from the Borrower to LEGG MASON
REAL ESTATE SERVICES, INC., a Pennsylvania corporation as mortgagee (the
"Lender"). This Instrument of Accession is entered into pursuant to Subsection
9(b)(i) of the Indenture. Capitalized terms used herein without definition shall
have the meanings assigned to such terms in the Indenture.

         WHEREAS, the Existing Beneficial Owner desires to transfer to the
Acceding Beneficial Owner and the Acceding Beneficial Owner desires to purchase
from the Existing Beneficial Owner, the beneficial interest in the Borrower on
the terms and conditions set forth herein, pursuant to Subsection 9(b) of the
Indenture (the "Transfer"); and

         WHEREAS, the Lender has heretofore assigned, transferred, granted, set
over and conveyed all of the Lender's interest in, to and under the Note,
Indenture and Other Security Documents to Legg Mason Mortgage Capital
Corporation, a Maryland corporation, who further assigned, transferred, granted,
set over and conveyed all of its interest in, to and under the Note, Indenture
and Other Security Documents to LM FLE Capital Company, LLC, a Delaware limited
liability company (the "Participating Lender") and the Participating Lender has
issued and sold participation interests in its interest in the Note, Indenture
and Other Security Documents to the Legg Mason Mortgage Capital Corporation
Lease-Backed Commercial Mortgage Pass-Through Trust, Series 2000-CTL-2.

         NOW, THEREFORE, in consideration of and for the mutual benefit of the
parties hereto, each of the undersigned does hereby agree as follows:

         Section 1. Assumption. The Acceding Beneficial Owner hereby expressly
assumes and agrees, with effect from and after the date hereof, to perform and
observe each and every one of the covenants, conditions, obligations,
indemnities, duties and liabilities, if any, applicable to the "Beneficial
Owner" under the Note, Indenture, and each Other Security Document to which the
Existing Beneficial Owner is a party, if any, as if the Acceding Beneficial
Owner had been the original "Beneficial Owner" thereto. All references to any
Beneficial Owner in the Note, Indenture and each Other Security Document shall
be deemed to be and include references to the Acceding Beneficial Owner.

         Section 2. Representations of the Existing Beneficial Owner and the
Borrower. The Existing Beneficial Owner and the Borrower represent and warrant
to the parties hereto that:

                  (u)      As of this date of closing of the Transfer, the
                           requirements set forth in Sections (9)b and 20 of
                           the Indenture have been satisfied in regard to the
                           obligations of the Borrower and the Existing
                           Beneficial Owner.

                  (v)      To the current actual knowledge of the Existing
                           Beneficial Owner, as of the date hereof and after
                           giving effect to the Transfer of the beneficial
                           interest in the Borrower from the Existing Beneficial
                           Owner to the Acceding Beneficial Owner,

                                     -149-
<PAGE>   150

                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (w)      To the knowledge of the Borrower, as of the date
                           hereof and after giving effect to the Transfer of the
                           beneficial interest in the Borrower from the Existing
                           Beneficial Owner to the Acceding Beneficial Owner,
                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (x)      The Transfer of the beneficial ownership interest in
                           and to the Borrower as contemplated is permitted by
                           the organizational documents of the Borrower and the
                           Existing Beneficial Owner.

                  (y)      The Borrower has paid to the Lender all of the
                           Lender's costs and expenses incurred in connection
                           with the Transfer set forth in subsection 9(b)(vi) of
                           the Indenture.

         Section 3. Representations of the Acceding Benefit Owner. The Acceding
Beneficial Owner represents that:

                  (m)      The requirements set forth in Section 20 of the
                           Indenture are satisfied after giving effect to the
                           contemplated Transfer.

                  (n)      The Transfer of the beneficial ownership interest in
                           and to the Borrower is permitted by the
                           organizational documents of the Borrower and of the
                           Acceding Beneficial Owner.

                  (o)      The Acceding Beneficial Owner represents and warrants
                           that each of the representations and warranties as
                           applicable to the Acceding Beneficial Owner set forth
                           on Exhibit Q to the Certificate Purchase Agreement
                           are true and correct with respect to and as applied
                           to the Acceding Beneficial Owner and said
                           representations and warranties are hereby
                           incorporated in full as is specifically set forth
                           herein.

         Section 4. Information. Any notices and other information heretofore
provided to the Existing Beneficial Owner and the Borrower under the Indenture
or Other Security Documents shall hereafter be provided to the Acceding
Beneficial Owner and the Borrower at the following address:

                 ACCEDING BENEFICIAL OWNER
         Name       ARC Fleetwood, LLC
         Address:   111 Westwood Place, Suite 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

                                     -150-
<PAGE>   151

                 BORROWER
         Name       CRICFW One, LLC
         Address:   c/o ARC Fleetwood, LLC
                    111 Westwood Place, Suit 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

         Section 5. Governing Law. THIS INSTRUMENT OF ACCESSION AND ASSUMPTION
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE
PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF TENNESSEE. TO THE FULLEST
EXTENT PERMITTED BY LAW, PARTIES HERETO HEREBY UNCONDITIONALLY AND IRREVOCABY
WAIVE ANY CLAIM TO ASSERT THAT THE LAW OF ANY OTHER JURISDICTION GOVERNS THIS
ACCESSION AND ASSUMPTION.

         Section 6. Counterparts. This instrument may be executed in any number
of counterparts all of which together shall constitute but one instrument.

         IN WITNESS WHEREOF, the parties hereto have caused the Instrument of
Accession and Assumption to be executed by their respective officers thereunto
duly authorized as of the day and year first above written.

                                    ARC FLEETWOOD, LLC
                                    as the Acceding Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        George T. Hicks, Secretary

                                    CORPORATE REALTY INVESTMENT COMPANY, L.L.C.
                                    as the Existing Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        Marcy Axelrad, Executive Vice President

                                    CRICFW ONE, LLC
                                    as the Borrower

                                    By: Corporate Realty Investment Company,
                                        L.L.C., its sole member

                                        By:
                                            ------------------------------------
                                            Marcy Axelrad, Exec. Vice President

                                     -151-
<PAGE>   152

                      INSTRUMENT OF ACCESION AND ASSUMPTION
                    6100 HIGHWAY 153, CHATTANOOGA, TENNESSEE

         This Instrument of Accession and Assumption dated June __, 2001, made
by ARC FLEETWOOD, LLC, a Tennessee limited liability company, (the "Acceding
Beneficial Owner"), CORPORATE REALTY INVESTMENT COMPANY, L.L.C., a Delaware
limited liability company (the "Existing Beneficial Owner") and CRICFW ONE, LLC,
a Delaware limited liability company (the "Borrower") in respect of the Deed of
Trust, Security Agreement, Assignment of Lease and Rents and Fixture Filing
effective as of March 21, 2000 (the "Indenture") from the Borrower to LEGG MASON
REAL ESTATE SERVICES, INC., a Pennsylvania corporation as mortgagee (the
"Lender"). This Instrument of Accession is entered into pursuant to Subsection
9(b)(i) of the Indenture. Capitalized terms used herein without definition shall
have the meanings assigned to such terms in the Indenture.

         WHEREAS, the Existing Beneficial Owner desires to transfer to the
Acceding Beneficial Owner and the Acceding Beneficial Owner desires to purchase
from the Existing Beneficial Owner, the beneficial interest in the Borrower on
the terms and conditions set forth herein, pursuant to Subsection 9(b) of the
Indenture (the "Transfer"); and

         WHEREAS, the Lender has heretofore assigned, transferred, granted, set
over and conveyed all of the Lender's interest in, to and under the Note,
Indenture and Other Security Documents to Legg Mason Mortgage Capital
Corporation, a Maryland corporation, who further assigned, transferred, granted,
set over and conveyed all of its interest in, to and under the Note, Indenture
and Other Security Documents to LM FLE Capital Company, LLC, a Delaware limited
liability company (the "Participating Lender") and the Participating Lender has
issued and sold participation interests in its interest in the Note, Indenture
and Other Security Documents to the Legg Mason Mortgage Capital Corporation
Lease-Backed Commercial Mortgage Pass-Through Trust, Series 2000-CTL-2.

         NOW, THEREFORE, in consideration of and for the mutual benefit of the
parties hereto, each of the undersigned does hereby agree as follows:

         Section 1. Assumption. The Acceding Beneficial Owner hereby expressly
assumes and agrees, with effect from and after the date hereof, to perform and
observe each and every one of the covenants, conditions, obligations,
indemnities, duties and liabilities, if any, applicable to the "Beneficial
Owner" under the Note, Indenture, and each Other Security Document to which the
Existing Beneficial Owner is a party, if any, as if the Acceding Beneficial
Owner had been the original "Beneficial Owner" thereto. All references to any
Beneficial Owner in the Note, Indenture and each Other Security Document shall
be deemed to be and include references to the Acceding Beneficial Owner.

         Section 2. Representations of the Existing Beneficial Owner and the
Borrower. The Existing Beneficial Owner and the Borrower represent and warrant
to the parties hereto that:

                  (z)      As of this date of closing of the Transfer, the
                           requirements set forth in Sections (9)b and 20 of
                           the Indenture have been satisfied in regard to the
                           obligations of the Borrower and the Existing
                           Beneficial Owner.

                  (aa)     To the current actual knowledge of the Existing
                           Beneficial Owner, as of the date hereof and after
                           giving effect to the Transfer of the beneficial
                           interest in the Borrower from the Existing Beneficial
                           Owner to the Acceding Beneficial Owner,

                                     -152-
<PAGE>   153

                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (bb)     To the knowledge of the Borrower, as of the date
                           hereof and after giving effect to the Transfer of the
                           beneficial interest in the Borrower from the Existing
                           Beneficial Owner to the Acceding Beneficial Owner,
                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (cc)     The Transfer of the beneficial ownership interest in
                           and to the Borrower as contemplated is permitted by
                           the organizational documents of the Borrower and the
                           Existing Beneficial Owner.

                  (dd)     The Borrower has paid to the Lender all of the
                           Lender's costs and expenses incurred in connection
                           with the Transfer set forth in subsection 9(b)(vi) of
                           the Indenture.

         Section 3. Representations of the Acceding Benefit Owner. The Acceding
Beneficial Owner represents that:

                  (p)      The requirements set forth in Section 20 of the
                           Indenture are satisfied after giving effect to the
                           contemplated Transfer.

                  (q)      The Transfer of the beneficial ownership interest in
                           and to the Borrower is permitted by the
                           organizational documents of the Borrower and of the
                           Acceding Beneficial Owner.

                  (r)      The Acceding Beneficial Owner represents and warrants
                           that each of the representations and warranties as
                           applicable to the Acceding Beneficial Owner set forth
                           on Exhibit Q to the Certificate Purchase Agreement
                           are true and correct with respect to and as applied
                           to the Acceding Beneficial Owner and said
                           representations and warranties are hereby
                           incorporated in full as is specifically set forth
                           herein.

         Section 4. Information. Any notices and other information heretofore
provided to the Existing Beneficial Owner and the Borrower under the Indenture
or Other Security Documents shall hereafter be provided to the Acceding
Beneficial Owner and the Borrower at the following address:

                 ACCEDING BENEFICIAL OWNER
         Name       ARC Fleetwood, LLC
         Address:   111 Westwood Place, Suite 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

                                     -153-
<PAGE>   154

                 BORROWER
         Name       CRICFW One, LLC
         Address:   c/o ARC Fleetwood, LLC
                    111 Westwood Place, Suit 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

         Section 5. Governing Law. THIS INSTRUMENT OF ACCESSION AND ASSUMPTION
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE
PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF TENNESSEE. TO THE FULLEST
EXTENT PERMITTED BY LAW, PARTIES HERETO HEREBY UNCONDITIONALLY AND IRREVOCABY
WAIVE ANY CLAIM TO ASSERT THAT THE LAW OF ANY OTHER JURISDICTION GOVERNS THIS
ACCESSION AND ASSUMPTION.

         Section 6. Counterparts. This instrument may be executed in any number
of counterparts all of which together shall constitute but one instrument.

         IN WITNESS WHEREOF, the parties hereto have caused the Instrument of
Accession and Assumption to be executed by their respective officers thereunto
duly authorized as of the day and year first above written.

                                    ARC FLEETWOOD, LLC
                                    as the Acceding Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        George T. Hicks, Secretary

                                    CORPORATE REALTY INVESTMENT COMPANY, L.L.C.
                                    as the Existing Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        Marcy Axelrad, Executive Vice President

                                    CRICFW ONE, LLC
                                    as the Borrower

                                    By: Corporate Realty Investment Company,
                                        L.L.C., its sole member

                                        By:
                                            ------------------------------------
                                            Marcy Axelrad, Exec. Vice President

                                     -154-
<PAGE>   155

                      INSTRUMENT OF ACCESION AND ASSUMPTION
                  40165 US HIGHWAY 441 NORTH, COMMERCE, GEORGIA

         This Instrument of Accession and Assumption dated June __, 2001, made
by ARC FLEETWOOD, LLC, a Tennessee limited liability company, (the "Acceding
Beneficial Owner"), CORPORATE REALTY INVESTMENT COMPANY, L.L.C., a Delaware
limited liability company (the "Existing Beneficial Owner") and CRICFW ONE, LLC,
a Delaware limited liability company (the "Borrower") in respect of the Deed to
Secure Debt, Security Agreement, Assignment of Lease and Rents and Fixture
Filing effective as of March 21, 2000 (the "Indenture") from the Borrower to
LEGG MASON REAL ESTATE SERVICES, INC., a Pennsylvania corporation as mortgagee
(the "Lender"). This Instrument of Accession is entered into pursuant to
Subsection 9(b)(i) of the Indenture. Capitalized terms used herein without
definition shall have the meanings assigned to such terms in the Indenture.

         WHEREAS, the Existing Beneficial Owner desires to transfer to the
Acceding Beneficial Owner and the Acceding Beneficial Owner desires to purchase
from the Existing Beneficial Owner, the beneficial interest in the Borrower on
the terms and conditions set forth herein, pursuant to Subsection 9(b) of the
Indenture (the "Transfer"); and

         WHEREAS, the Lender has heretofore assigned, transferred, granted, set
over and conveyed all of the Lender's interest in, to and under the Note,
Indenture and Other Security Documents to Legg Mason Mortgage Capital
Corporation, a Maryland corporation, who further assigned, transferred, granted,
set over and conveyed all of its interest in, to and under the Note, Indenture
and Other Security Documents to LM FLE Capital Company, LLC, a Delaware limited
liability company (the "Participating Lender") and the Participating Lender has
issued and sold participation interests in its interest in the Note, Indenture
and Other Security Documents to the Legg Mason Mortgage Capital Corporation
Lease-Backed Commercial Mortgage Pass-Through Trust, Series 2000-CTL-2.

         NOW, THEREFORE, in consideration of and for the mutual benefit of the
parties hereto, each of the undersigned does hereby agree as follows:

         Section 1. Assumption. The Acceding Beneficial Owner hereby expressly
assumes and agrees, with effect from and after the date hereof, to perform and
observe each and every one of the covenants, conditions, obligations,
indemnities, duties and liabilities, if any, applicable to the "Beneficial
Owner" under the Note, Indenture, and each Other Security Document to which the
Existing Beneficial Owner is a party, if any, as if the Acceding Beneficial
Owner had been the original "Beneficial Owner" thereto. All references to any
Beneficial Owner in the Note, Indenture and each Other Security Document shall
be deemed to be and include references to the Acceding Beneficial Owner.

         Section 2. Representations of the Existing Beneficial Owner and the
Borrower. The Existing Beneficial Owner and the Borrower represent and warrant
to the parties hereto that:

                  (ee)     As of this date of closing of the Transfer, the
                           requirements set forth in Sections (9)b and 20 of
                           the Indenture have been satisfied in regard to the
                           obligations of the Borrower and the Existing
                           Beneficial Owner.

                  (ff)     To the current actual knowledge of the Existing
                           Beneficial Owner, as of the date hereof and after
                           giving effect to the Transfer of the beneficial
                           interest in the Borrower from the Existing Beneficial
                           Owner to the Acceding Beneficial Owner,

                                     -155-
<PAGE>   156

                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (gg)     To the knowledge of the Borrower, as of the date
                           hereof and after giving effect to the Transfer of the
                           beneficial interest in the Borrower from the Existing
                           Beneficial Owner to the Acceding Beneficial Owner,
                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (hh)     The Transfer of the beneficial ownership interest in
                           and to the Borrower as contemplated is permitted by
                           the organizational documents of the Borrower and the
                           Existing Beneficial Owner.

                  (ii)     The Borrower has paid to the Lender all of the
                           Lender's costs and expenses incurred in connection
                           with the Transfer set forth in subsection 9(b)(vi) of
                           the Indenture.

         Section 3. Representations of the Acceding Benefit Owner. The Acceding
Beneficial Owner represents that:

                  (s)      The requirements set forth in Section 20 of the
                           Indenture are satisfied after giving effect to the
                           contemplated Transfer.

                  (t)      The Transfer of the beneficial ownership interest in
                           and to the Borrower is permitted by the
                           organizational documents of the Borrower and of the
                           Acceding Beneficial Owner.

                  (u)      The Acceding Beneficial Owner represents and warrants
                           that each of the representations and warranties as
                           applicable to the Acceding Beneficial Owner set forth
                           on Exhibit Q to the Certificate Purchase Agreement
                           are true and correct with respect to and as applied
                           to the Acceding Beneficial Owner and said
                           representations and warranties are hereby
                           incorporated in full as is specifically set forth
                           herein.

         Section 4. Information. Any notices and other information heretofore
provided to the Existing Beneficial Owner and the Borrower under the Indenture
or Other Security Documents shall hereafter be provided to the Acceding
Beneficial Owner and the Borrower at the following address:

                 ACCEDING BENEFICIAL OWNER
         Name       ARC Fleetwood, LLC
         Address:   111 Westwood Place, Suite 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

                                     -156-
<PAGE>   157

                  BORROWER
         Name       CRICFW One, LLC
         Address:   c/o ARC Fleetwood, LLC
                    111 Westwood Place, Suit 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:   615-221-2260
         Facsimile:  615-221-5284

         Section 5. Governing Law. THIS INSTRUMENT OF ACCESSION AND ASSUMPTION
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE
PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF TENNESSEE. TO THE FULLEST
EXTENT PERMITTED BY LAW, PARTIES HERETO HEREBY UNCONDITIONALLY AND IRREVOCABY
WAIVE ANY CLAIM TO ASSERT THAT THE LAW OF ANY OTHER JURISDICTION GOVERNS THIS
ACCESSION AND ASSUMPTION.

         Section 6. Counterparts. This instrument may be executed in any number
of counterparts all of which together shall constitute but one instrument.

         IN WITNESS WHEREOF, the parties hereto have caused the Instrument of
Accession and Assumption to be executed by their respective officers thereunto
duly authorized as of the day and year first above written.

                                    ARC FLEETWOOD, LLC
                                    as the Acceding Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        George T. Hicks, Secretary

                                    CORPORATE REALTY INVESTMENT COMPANY, L.L.C.
                                    as the Existing Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        Marcy Axelrad, Executive Vice President

                                    CRICFW ONE, LLC
                                    as the Borrower

                                    By: Corporate Realty Investment Company,
                                        L.L.C., its sole member

                                        By:
                                            ------------------------------------
                                            Marcy Axelrad, Exec. Vice President

                                     -157-
<PAGE>   158

                      INSTRUMENT OF ACCESION AND ASSUMPTION
              1414 RITTER DRIVE (ROUTE 19), DANIELS, WEST VIRGINIA

         This Instrument of Accession and Assumption dated June __, 2001, made
by ARC FLEETWOOD, LLC, a Tennessee limited liability company, (the "Acceding
Beneficial Owner"), CORPORATE REALTY INVESTMENT COMPANY, L.L.C., a Delaware
limited liability company (the "Existing Beneficial Owner") and CRICFW ONE, LLC,
a Delaware limited liability company (the "Borrower") in respect of the Deed of
Trust, Security Agreement, Assignment of Lease and Rents and Fixture Filing
effective as of March 21, 2000 (the "Indenture") from the Borrower to LEGG MASON
REAL ESTATE SERVICES, INC., a Pennsylvania corporation as mortgagee (the
"Lender"). This Instrument of Accession is entered into pursuant to Subsection
9(b)(i) of the Indenture. Capitalized terms used herein without definition shall
have the meanings assigned to such terms in the Indenture.

         WHEREAS, the Existing Beneficial Owner desires to transfer to the
Acceding Beneficial Owner and the Acceding Beneficial Owner desires to purchase
from the Existing Beneficial Owner, the beneficial interest in the Borrower on
the terms and conditions set forth herein, pursuant to Subsection 9(b) of the
Indenture (the "Transfer"); and

         WHEREAS, the Lender has heretofore assigned, transferred, granted, set
over and conveyed all of the Lender's interest in, to and under the Note,
Indenture and Other Security Documents to Legg Mason Mortgage Capital
Corporation, a Maryland corporation, who further assigned, transferred, granted,
set over and conveyed all of its interest in, to and under the Note, Indenture
and Other Security Documents to LM FLE Capital Company, LLC, a Delaware limited
liability company (the "Participating Lender") and the Participating Lender has
issued and sold participation interests in its interest in the Note, Indenture
and Other Security Documents to the Legg Mason Mortgage Capital Corporation
Lease-Backed Commercial Mortgage Pass-Through Trust, Series 2000-CTL-2.

         NOW, THEREFORE, in consideration of and for the mutual benefit of the
parties hereto, each of the undersigned does hereby agree as follows:

         Section 1. Assumption. The Acceding Beneficial Owner hereby expressly
assumes and agrees, with effect from and after the date hereof, to perform and
observe each and every one of the covenants, conditions, obligations,
indemnities, duties and liabilities, if any, applicable to the "Beneficial
Owner" under the Note, Indenture, and each Other Security Document to which the
Existing Beneficial Owner is a party, if any, as if the Acceding Beneficial
Owner had been the original "Beneficial Owner" thereto. All references to any
Beneficial Owner in the Note, Indenture and each Other Security Document shall
be deemed to be and include references to the Acceding Beneficial Owner.

         Section 2. Representations of the Existing Beneficial Owner and the
Borrower. The Existing Beneficial Owner and the Borrower represent and warrant
to the parties hereto that:

                  (jj)     As of this date of closing of the Transfer, the
                           requirements set forth in Sections (9)b and 20 of
                           the Indenture have been satisfied in regard to the
                           obligations of the Borrower and the Existing
                           Beneficial Owner.

                  (kk)     To the current actual knowledge of the Existing
                           Beneficial Owner, as of the date hereof and after
                           giving effect to the Transfer of the beneficial
                           interest in the Borrower from the Existing Beneficial
                           Owner to the Acceding Beneficial Owner,

                                     -158-
<PAGE>   159

                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (ll)     To the knowledge of the Borrower, as of the date
                           hereof and after giving effect to the Transfer of the
                           beneficial interest in the Borrower from the Existing
                           Beneficial Owner to the Acceding Beneficial Owner,
                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (mm)     The Transfer of the beneficial ownership interest in
                           and to the Borrower as contemplated is permitted by
                           the organizational documents of the Borrower and the
                           Existing Beneficial Owner.

                  (nn)     The Borrower has paid to the Lender all of the
                           Lender's costs and expenses incurred in connection
                           with the Transfer set forth in subsection 9(b)(vi) of
                           the Indenture.

         Section 3. Representations of the Acceding Benefit Owner. The Acceding
Beneficial Owner represents that:

                  (v)      The requirements set forth in Section 20 of the
                           Indenture are satisfied after giving effect to the
                           contemplated Transfer.

                  (w)      The Transfer of the beneficial ownership interest in
                           and to the Borrower is permitted by the
                           organizational documents of the Borrower and of the
                           Acceding Beneficial Owner.

                  (x)      The Acceding Beneficial Owner represents and warrants
                           that each of the representations and warranties as
                           applicable to the Acceding Beneficial Owner set forth
                           on Exhibit Q to the Certificate Purchase Agreement
                           are true and correct with respect to and as applied
                           to the Acceding Beneficial Owner and said
                           representations and warranties are hereby
                           incorporated in full as is specifically set forth
                           herein.

         Section 4. Information. Any notices and other information heretofore
provided to the Existing Beneficial Owner and the Borrower under the Indenture
or Other Security Documents shall hereafter be provided to the Acceding
Beneficial Owner and the Borrower at the following address:

                 ACCEDING BENEFICIAL OWNER
         Name       ARC Fleetwood, LLC
         Address:   111 Westwood Place, Suite 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

                                     -159-
<PAGE>   160

                 BORROWER
         Name       CRICFW One, LLC
         Address:   c/o ARC Fleetwood, LLC
                    111 Westwood Place, Suit 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

         Section 5. Governing Law. THIS INSTRUMENT OF ACCESSION AND ASSUMPTION
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE
PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF TENNESSEE. TO THE FULLEST
EXTENT PERMITTED BY LAW, PARTIES HERETO HEREBY UNCONDITIONALLY AND IRREVOCABY
WAIVE ANY CLAIM TO ASSERT THAT THE LAW OF ANY OTHER JURISDICTION GOVERNS THIS
ACCESSION AND ASSUMPTION.

         Section 6. Counterparts. This instrument may be executed in any number
of counterparts all of which together shall constitute but one instrument.

         IN WITNESS WHEREOF, the parties hereto have caused the Instrument of
Accession and Assumption to be executed by their respective officers thereunto
duly authorized as of the day and year first above written.

                                    ARC FLEETWOOD, LLC
                                    as the Acceding Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        George T. Hicks, Secretary

                                    CORPORATE REALTY INVESTMENT COMPANY, L.L.C.
                                    as the Existing Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        Marcy Axelrad, Executive Vice President

                                    CRICFW ONE, LLC
                                    as the Borrower

                                    By: Corporate Realty Investment Company,
                                        L.L.C., its sole member

                                        By:
                                            ------------------------------------
                                            Marcy Axelrad, Exec. Vice President

                                     -160-
<PAGE>   161

                      INSTRUMENT OF ACCESION AND ASSUMPTION
                     1797 HIGHWAY 400, DAWSONVILLE, GEORGIA

         This Instrument of Accession and Assumption dated June __, 2001, made
by ARC FLEETWOOD, LLC, a Tennessee limited liability company, (the "Acceding
Beneficial Owner"), CORPORATE REALTY INVESTMENT COMPANY, L.L.C., a Delaware
limited liability company (the "Existing Beneficial Owner") and CRICFW ONE, LLC,
a Delaware limited liability company (the "Borrower") in respect of the Deed to
Secure Debt, Security Agreement, Assignment of Lease and Rents and Fixture
Filing effective as of March 21, 2000 (the "Indenture") from the Borrower to
LEGG MASON REAL ESTATE SERVICES, INC., a Pennsylvania corporation as mortgagee
(the "Lender"). This Instrument of Accession is entered into pursuant to
Subsection 9(b)(i) of the Indenture. Capitalized terms used herein without
definition shall have the meanings assigned to such terms in the Indenture.

         WHEREAS, the Existing Beneficial Owner desires to transfer to the
Acceding Beneficial Owner and the Acceding Beneficial Owner desires to purchase
from the Existing Beneficial Owner, the beneficial interest in the Borrower on
the terms and conditions set forth herein, pursuant to Subsection 9(b) of the
Indenture (the "Transfer"); and

         WHEREAS, the Lender has heretofore assigned, transferred, granted, set
over and conveyed all of the Lender's interest in, to and under the Note,
Indenture and Other Security Documents to Legg Mason Mortgage Capital
Corporation, a Maryland corporation, who further assigned, transferred, granted,
set over and conveyed all of its interest in, to and under the Note, Indenture
and Other Security Documents to LM FLE Capital Company, LLC, a Delaware limited
liability company (the "Participating Lender") and the Participating Lender has
issued and sold participation interests in its interest in the Note, Indenture
and Other Security Documents to the Legg Mason Mortgage Capital Corporation
Lease-Backed Commercial Mortgage Pass-Through Trust, Series 2000-CTL-2.

         NOW, THEREFORE, in consideration of and for the mutual benefit of the
parties hereto, each of the undersigned does hereby agree as follows:

         Section 1. Assumption. The Acceding Beneficial Owner hereby expressly
assumes and agrees, with effect from and after the date hereof, to perform and
observe each and every one of the covenants, conditions, obligations,
indemnities, duties and liabilities, if any, applicable to the "Beneficial
Owner" under the Note, Indenture, and each Other Security Document to which the
Existing Beneficial Owner is a party, if any, as if the Acceding Beneficial
Owner had been the original "Beneficial Owner" thereto. All references to any
Beneficial Owner in the Note, Indenture and each Other Security Document shall
be deemed to be and include references to the Acceding Beneficial Owner.

         Section 2. Representations of the Existing Beneficial Owner and the
Borrower. The Existing Beneficial Owner and the Borrower represent and warrant
to the parties hereto that:

                  (oo)     As of this date of closing of the Transfer, the
                           requirements set forth in Sections (9)b and 20 of
                           the Indenture have been satisfied in regard to the
                           obligations of the Borrower and the Existing
                           Beneficial Owner.

                  (pp)     To the current actual knowledge of the Existing
                           Beneficial Owner, as of the date hereof and after
                           giving effect to the Transfer of the beneficial
                           interest in the Borrower from the Existing Beneficial
                           Owner to the Acceding Beneficial Owner,

                                     -161-
<PAGE>   162

                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (qq)     To the knowledge of the Borrower, as of the date
                           hereof and after giving effect to the Transfer of the
                           beneficial interest in the Borrower from the Existing
                           Beneficial Owner to the Acceding Beneficial Owner,
                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (rr)     The Transfer of the beneficial ownership interest in
                           and to the Borrower as contemplated is permitted by
                           the organizational documents of the Borrower and the
                           Existing Beneficial Owner.

                  (ss)     The Borrower has paid to the Lender all of the
                           Lender's costs and expenses incurred in connection
                           with the Transfer set forth in subsection 9(b)(vi) of
                           the Indenture.

         Section 3. Representations of the Acceding Benefit Owner. The Acceding
Beneficial Owner represents that:

                  (y)      The requirements set forth in Section 20 of the
                           Indenture are satisfied after giving effect to the
                           contemplated Transfer.

                  (z)      The Transfer of the beneficial ownership interest in
                           and to the Borrower is permitted by the
                           organizational documents of the Borrower and of the
                           Acceding Beneficial Owner.

                  (aa)     The Acceding Beneficial Owner represents and warrants
                           that each of the representations and warranties as
                           applicable to the Acceding Beneficial Owner set forth
                           on Exhibit Q to the Certificate Purchase Agreement
                           are true and correct with respect to and as applied
                           to the Acceding Beneficial Owner and said
                           representations and warranties are hereby
                           incorporated in full as is specifically set forth
                           herein.

         Section 4. Information. Any notices and other information heretofore
provided to the Existing Beneficial Owner and the Borrower under the Indenture
or Other Security Documents shall hereafter be provided to the Acceding
Beneficial Owner and the Borrower at the following address:

                 ACCEDING BENEFICIAL OWNER
         Name       ARC Fleetwood, LLC
         Address:   111 Westwood Place, Suite 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

                                     -162-
<PAGE>   163

                 BORROWER
         Name       CRICFW One, LLC
         Address:   c/o ARC Fleetwood, LLC
                    111 Westwood Place, Suit 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

         Section 5. Governing Law. THIS INSTRUMENT OF ACCESSION AND ASSUMPTION
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE
PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF TENNESSEE. TO THE FULLEST
EXTENT PERMITTED BY LAW, PARTIES HERETO HEREBY UNCONDITIONALLY AND IRREVOCABY
WAIVE ANY CLAIM TO ASSERT THAT THE LAW OF ANY OTHER JURISDICTION GOVERNS THIS
ACCESSION AND ASSUMPTION.

         Section 6. Counterparts. This instrument may be executed in any number
of counterparts all of which together shall constitute but one instrument.

         IN WITNESS WHEREOF, the parties hereto have caused the Instrument of
Accession and Assumption to be executed by their respective officers thereunto
duly authorized as of the day and year first above written.

                                    ARC FLEETWOOD, LLC
                                    as the Acceding Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        George T. Hicks, Secretary

                                    CORPORATE REALTY INVESTMENT COMPANY, L.L.C.
                                    as the Existing Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        Marcy Axelrad, Executive Vice President

                                    CRICFW ONE, LLC
                                    as the Borrower

                                    By: Corporate Realty Investment Company,
                                        L.L.C., its sole member

                                        By:
                                            ------------------------------------
                                            Marcy Axelrad, Exec. Vice President

                                     -163-
<PAGE>   164

                      INSTRUMENT OF ACCESION AND ASSUMPTION
                    1321 19E BYPASS, ELIZABETHTON, TENNESSEE

         This Instrument of Accession and Assumption dated June __, 2001, made
by ARC FLEETWOOD, LLC, a Tennessee limited liability company, (the "Acceding
Beneficial Owner"), CORPORATE REALTY INVESTMENT COMPANY, L.L.C., a Delaware
limited liability company (the "Existing Beneficial Owner") and CRICFW ONE, LLC,
a Delaware limited liability company (the "Borrower") in respect of the Deed of
Trust, Security Agreement, Assignment of Lease and Rents and Fixture Filing
effective as of March 21, 2000 (the "Indenture") from the Borrower to LEGG MASON
REAL ESTATE SERVICES, INC., a Pennsylvania corporation as mortgagee (the
"Lender"). This Instrument of Accession is entered into pursuant to Subsection
9(b)(i) of the Indenture. Capitalized terms used herein without definition shall
have the meanings assigned to such terms in the Indenture.

         WHEREAS, the Existing Beneficial Owner desires to transfer to the
Acceding Beneficial Owner and the Acceding Beneficial Owner desires to purchase
from the Existing Beneficial Owner, the beneficial interest in the Borrower on
the terms and conditions set forth herein, pursuant to Subsection 9(b) of the
Indenture (the "Transfer"); and

         WHEREAS, the Lender has heretofore assigned, transferred, granted, set
over and conveyed all of the Lender's interest in, to and under the Note,
Indenture and Other Security Documents to Legg Mason Mortgage Capital
Corporation, a Maryland corporation, who further assigned, transferred, granted,
set over and conveyed all of its interest in, to and under the Note, Indenture
and Other Security Documents to LM FLE Capital Company, LLC, a Delaware limited
liability company (the "Participating Lender") and the Participating Lender has
issued and sold participation interests in its interest in the Note, Indenture
and Other Security Documents to the Legg Mason Mortgage Capital Corporation
Lease-Backed Commercial Mortgage Pass-Through Trust, Series 2000-CTL-2.

         NOW, THEREFORE, in consideration of and for the mutual benefit of the
parties hereto, each of the undersigned does hereby agree as follows:

         Section 1. Assumption. The Acceding Beneficial Owner hereby expressly
assumes and agrees, with effect from and after the date hereof, to perform and
observe each and every one of the covenants, conditions, obligations,
indemnities, duties and liabilities, if any, applicable to the "Beneficial
Owner" under the Note, Indenture, and each Other Security Document to which the
Existing Beneficial Owner is a party, if any, as if the Acceding Beneficial
Owner had been the original "Beneficial Owner" thereto. All references to any
Beneficial Owner in the Note, Indenture and each Other Security Document shall
be deemed to be and include references to the Acceding Beneficial Owner.

         Section 2. Representations of the Existing Beneficial Owner and the
Borrower. The Existing Beneficial Owner and the Borrower represent and warrant
to the parties hereto that:

                  (tt)     As of this date of closing of the Transfer, the
                           requirements set forth in Sections (9)b and 20 of
                           the Indenture have been satisfied in regard to the
                           obligations of the Borrower and the Existing
                           Beneficial Owner.

                  (uu)     To the current actual knowledge of the Existing
                           Beneficial Owner, as of the date hereof and after
                           giving effect to the Transfer of the beneficial
                           interest in the Borrower from the Existing Beneficial
                           Owner to the Acceding Beneficial Owner,

                                     -164-
<PAGE>   165

                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (vv)     To the knowledge of the Borrower, as of the date
                           hereof and after giving effect to the Transfer of the
                           beneficial interest in the Borrower from the Existing
                           Beneficial Owner to the Acceding Beneficial Owner,
                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (ww)     The Transfer of the beneficial ownership interest in
                           and to the Borrower as contemplated is permitted by
                           the organizational documents of the Borrower and the
                           Existing Beneficial Owner.

                  (xx)     The Borrower has paid to the Lender all of the
                           Lender's costs and expenses incurred in connection
                           with the Transfer set forth in subsection 9(b)(vi) of
                           the Indenture.

         Section 3. Representations of the Acceding Benefit Owner. The Acceding
Beneficial Owner represents that:

                  (bb)     The requirements set forth in Section 20 of the
                           Indenture are satisfied after giving effect to the
                           contemplated Transfer.

                  (cc)     The Transfer of the beneficial ownership interest in
                           and to the Borrower is permitted by the
                           organizational documents of the Borrower and of the
                           Acceding Beneficial Owner.

                  (dd)     The Acceding Beneficial Owner represents and warrants
                           that each of the representations and warranties as
                           applicable to the Acceding Beneficial Owner set forth
                           on Exhibit Q to the Certificate Purchase Agreement
                           are true and correct with respect to and as applied
                           to the Acceding Beneficial Owner and said
                           representations and warranties are hereby
                           incorporated in full as is specifically set forth
                           herein.

         Section 4. Information. Any notices and other information heretofore
provided to the Existing Beneficial Owner and the Borrower under the Indenture
or Other Security Documents shall hereafter be provided to the Acceding
Beneficial Owner and the Borrower at the following address:

                 ACCEDING BENEFICIAL OWNER
         Name       ARC Fleetwood, LLC
         Address:   111 Westwood Place, Suite 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

                                     -165-
<PAGE>   166

                 BORROWER
         Name       CRICFW One, LLC
         Address:   c/o ARC Fleetwood, LLC
                    111 Westwood Place, Suit 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

         Section 5. Governing Law. THIS INSTRUMENT OF ACCESSION AND ASSUMPTION
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE
PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF TENNESSEE. TO THE FULLEST
EXTENT PERMITTED BY LAW, PARTIES HERETO HEREBY UNCONDITIONALLY AND IRREVOCABY
WAIVE ANY CLAIM TO ASSERT THAT THE LAW OF ANY OTHER JURISDICTION GOVERNS THIS
ACCESSION AND ASSUMPTION.

         Section 6. Counterparts. This instrument may be executed in any number
of counterparts all of which together shall constitute but one instrument.

         IN WITNESS WHEREOF, the parties hereto have caused the Instrument of
Accession and Assumption to be executed by their respective officers thereunto
duly authorized as of the day and year first above written.

                                    ARC FLEETWOOD, LLC
                                    as the Acceding Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        George T. Hicks, Secretary

                                    CORPORATE REALTY INVESTMENT COMPANY, L.L.C.
                                    as the Existing Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        Marcy Axelrad, Executive Vice President

                                    CRICFW ONE, LLC
                                    as the Borrower

                                    By: Corporate Realty Investment Company,
                                        L.L.C., its sole member

                                        By:
                                            ------------------------------------
                                            Marcy Axelrad, Exec. Vice President

                                     -166-
<PAGE>   167

                      INSTRUMENT OF ACCESION AND ASSUMPTION
             732 S. RON MCNAIR BOULEVARD, LAKE CITY, SOUTH CAROLINA

         This Instrument of Accession and Assumption dated June __, 2001, made
by ARC FLEETWOOD, LLC, a Tennessee limited liability company, (the "Acceding
Beneficial Owner"), CORPORATE REALTY INVESTMENT COMPANY, L.L.C., a Delaware
limited liability company (the "Existing Beneficial Owner") and CRICFW ONE, LLC,
a Delaware limited liability company (the "Borrower") in respect of the
Mortgage, Security Agreement, Assignment of Lease and Rents and Fixture Filing
effective as of March 21, 2000 (the "Indenture") from the Borrower to LEGG MASON
REAL ESTATE SERVICES, INC., a Pennsylvania corporation as mortgagee (the
"Lender"). This Instrument of Accession is entered into pursuant to Subsection
9(b)(i) of the Indenture. Capitalized terms used herein without definition shall
have the meanings assigned to such terms in the Indenture.

         WHEREAS, the Existing Beneficial Owner desires to transfer to the
Acceding Beneficial Owner and the Acceding Beneficial Owner desires to purchase
from the Existing Beneficial Owner, the beneficial interest in the Borrower on
the terms and conditions set forth herein, pursuant to Subsection 9(b) of the
Indenture (the "Transfer"); and

         WHEREAS, the Lender has heretofore assigned, transferred, granted, set
over and conveyed all of the Lender's interest in, to and under the Note,
Indenture and Other Security Documents to Legg Mason Mortgage Capital
Corporation, a Maryland corporation, who further assigned, transferred, granted,
set over and conveyed all of its interest in, to and under the Note, Indenture
and Other Security Documents to LM FLE Capital Company, LLC, a Delaware limited
liability company (the "Participating Lender") and the Participating Lender has
issued and sold participation interests in its interest in the Note, Indenture
and Other Security Documents to the Legg Mason Mortgage Capital Corporation
Lease-Backed Commercial Mortgage Pass-Through Trust, Series 2000-CTL-2.

         NOW, THEREFORE, in consideration of and for the mutual benefit of the
parties hereto, each of the undersigned does hereby agree as follows:

         Section 1. Assumption. The Acceding Beneficial Owner hereby expressly
assumes and agrees, with effect from and after the date hereof, to perform and
observe each and every one of the covenants, conditions, obligations,
indemnities, duties and liabilities, if any, applicable to the "Beneficial
Owner" under the Note, Indenture, and each Other Security Document to which the
Existing Beneficial Owner is a party, if any, as if the Acceding Beneficial
Owner had been the original "Beneficial Owner" thereto. All references to any
Beneficial Owner in the Note, Indenture and each Other Security Document shall
be deemed to be and include references to the Acceding Beneficial Owner.

         Section 2. Representations of the Existing Beneficial Owner and the
Borrower. The Existing Beneficial Owner and the Borrower represent and warrant
to the parties hereto that:

                  (yy)     As of this date of closing of the Transfer, the
                           requirements set forth in Sections (9)b and 20 of
                           the Indenture have been satisfied in regard to the
                           obligations of the Borrower and the Existing
                           Beneficial Owner.

                  (zz)     To the current actual knowledge of the Existing
                           Beneficial Owner, as of the date hereof and after
                           giving effect to the Transfer of the beneficial
                           interest in the Borrower from the Existing Beneficial
                           Owner to the Acceding Beneficial Owner,

                                     -167-
<PAGE>   168

                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (aaa)    To the knowledge of the Borrower, as of the date
                           hereof and after giving effect to the Transfer of the
                           beneficial interest in the Borrower from the Existing
                           Beneficial Owner to the Acceding Beneficial Owner,
                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (bbb)    The Transfer of the beneficial ownership interest in
                           and to the Borrower as contemplated is permitted by
                           the organizational documents of the Borrower and the
                           Existing Beneficial Owner.

                  (ccc)    The Borrower has paid to the Lender all of the
                           Lender's costs and expenses incurred in connection
                           with the Transfer set forth in subsection 9(b)(vi) of
                           the Indenture.

         Section 3. Representations of the Acceding Benefit Owner. The Acceding
Beneficial Owner represents that:

                  (ee)     The requirements set forth in Section 20 of the
                           Indenture are satisfied after giving effect to the
                           contemplated Transfer.

                  (ff)     The Transfer of the beneficial ownership interest in
                           and to the Borrower is permitted by the
                           organizational documents of the Borrower and of the
                           Acceding Beneficial Owner.

                  (gg)     The Acceding Beneficial Owner represents and warrants
                           that each of the representations and warranties as
                           applicable to the Acceding Beneficial Owner set forth
                           on Exhibit Q to the Certificate Purchase Agreement
                           are true and correct with respect to and as applied
                           to the Acceding Beneficial Owner and said
                           representations and warranties are hereby
                           incorporated in full as is specifically set forth
                           herein.

         Section 4. Information. Any notices and other information heretofore
provided to the Existing Beneficial Owner and the Borrower under the Indenture
or Other Security Documents shall hereafter be provided to the Acceding
Beneficial Owner and the Borrower at the following address:

                 ACCEDING BENEFICIAL OWNER
         Name       ARC Fleetwood, LLC
         Address:   111 Westwood Place, Suite 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

                                     -168-
<PAGE>   169

                 BORROWER
         Name       CRICFW One, LLC
         Address:   c/o ARC Fleetwood, LLC
                    111 Westwood Place, Suit 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

         Section 5. Governing Law. THIS INSTRUMENT OF ACCESSION AND ASSUMPTION
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE
PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF TENNESSEE. TO THE FULLEST
EXTENT PERMITTED BY LAW, PARTIES HERETO HEREBY UNCONDITIONALLY AND IRREVOCABY
WAIVE ANY CLAIM TO ASSERT THAT THE LAW OF ANY OTHER JURISDICTION GOVERNS THIS
ACCESSION AND ASSUMPTION.

         Section 6. Counterparts. This instrument may be executed in any number
of counterparts all of which together shall constitute but one instrument.

         IN WITNESS WHEREOF, the parties hereto have caused the Instrument of
Accession and Assumption to be executed by their respective officers thereunto
duly authorized as of the day and year first above written.

                                    ARC FLEETWOOD, LLC
                                    as the Acceding Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        George T. Hicks, Secretary

                                    CORPORATE REALTY INVESTMENT COMPANY, L.L.C.
                                    as the Existing Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        Marcy Axelrad, Executive Vice President

                                    CRICFW ONE, LLC
                                    as the Borrower

                                    By: Corporate Realty Investment Company,
                                        L.L.C., its sole member

                                        By:
                                            ------------------------------------
                                            Marcy Axelrad, Exec. Vice President

                                     -169-
<PAGE>   170

                      INSTRUMENT OF ACCESION AND ASSUMPTION
                     905 COBB PARKWAY NE, MARIETTA, GEORGIA

         This Instrument of Accession and Assumption dated June __, 2001, made
by ARC FLEETWOOD, LLC, a Tennessee limited liability company, (the "Acceding
Beneficial Owner"), CORPORATE REALTY INVESTMENT COMPANY, L.L.C., a Delaware
limited liability company (the "Existing Beneficial Owner") and CRICFW ONE, LLC,
a Delaware limited liability company (the "Borrower") in respect of the Deed to
Secure Debt, Security Agreement, Assignment of Lease and Rents and Fixture
Filing effective as of March 21, 2000 (the "Indenture") from the Borrower to
LEGG MASON REAL ESTATE SERVICES, INC., a Pennsylvania corporation as mortgagee
(the "Lender"). This Instrument of Accession is entered into pursuant to
Subsection 9(b)(i) of the Indenture. Capitalized terms used herein without
definition shall have the meanings assigned to such terms in the Indenture.

         WHEREAS, the Existing Beneficial Owner desires to transfer to the
Acceding Beneficial Owner and the Acceding Beneficial Owner desires to purchase
from the Existing Beneficial Owner, the beneficial interest in the Borrower on
the terms and conditions set forth herein, pursuant to Subsection 9(b) of the
Indenture (the "Transfer"); and

         WHEREAS, the Lender has heretofore assigned, transferred, granted, set
over and conveyed all of the Lender's interest in, to and under the Note,
Indenture and Other Security Documents to Legg Mason Mortgage Capital
Corporation, a Maryland corporation, who further assigned, transferred, granted,
set over and conveyed all of its interest in, to and under the Note, Indenture
and Other Security Documents to LM FLE Capital Company, LLC, a Delaware limited
liability company (the "Participating Lender") and the Participating Lender has
issued and sold participation interests in its interest in the Note, Indenture
and Other Security Documents to the Legg Mason Mortgage Capital Corporation
Lease-Backed Commercial Mortgage Pass-Through Trust, Series 2000-CTL-2.

         NOW, THEREFORE, in consideration of and for the mutual benefit of the
parties hereto, each of the undersigned does hereby agree as follows:

         Section 1. Assumption. The Acceding Beneficial Owner hereby expressly
assumes and agrees, with effect from and after the date hereof, to perform and
observe each and every one of the covenants, conditions, obligations,
indemnities, duties and liabilities, if any, applicable to the "Beneficial
Owner" under the Note, Indenture, and each Other Security Document to which the
Existing Beneficial Owner is a party, if any, as if the Acceding Beneficial
Owner had been the original "Beneficial Owner" thereto. All references to any
Beneficial Owner in the Note, Indenture and each Other Security Document shall
be deemed to be and include references to the Acceding Beneficial Owner.

         Section 2. Representations of the Existing Beneficial Owner and the
Borrower. The Existing Beneficial Owner and the Borrower represent and warrant
to the parties hereto that:

                  (ddd)    As of this date of closing of the Transfer, the
                           requirements set forth in Sections (9)b and 20 of
                           the Indenture have been satisfied in regard to the
                           obligations of the Borrower and the Existing
                           Beneficial Owner.

                  (eee)    To the current actual knowledge of the Existing
                           Beneficial Owner, as of the date hereof and after
                           giving effect to the Transfer of the beneficial
                           interest in the Borrower from the Existing Beneficial
                           Owner to the Acceding Beneficial Owner,

                                     -170-
<PAGE>   171

                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (fff)    To the knowledge of the Borrower, as of the date
                           hereof and after giving effect to the Transfer of the
                           beneficial interest in the Borrower from the Existing
                           Beneficial Owner to the Acceding Beneficial Owner,
                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (ggg)    The Transfer of the beneficial ownership interest in
                           and to the Borrower as contemplated is permitted by
                           the organizational documents of the Borrower and the
                           Existing Beneficial Owner.

                  (hhh)    The Borrower has paid to the Lender all of the
                           Lender's costs and expenses incurred in connection
                           with the Transfer set forth in subsection 9(b)(vi) of
                           the Indenture.

         Section 3. Representations of the Acceding Benefit Owner. The Acceding
Beneficial Owner represents that:

                  (hh)     The requirements set forth in Section 20 of the
                           Indenture are satisfied after giving effect to the
                           contemplated Transfer.

                  (ii)     The Transfer of the beneficial ownership interest in
                           and to the Borrower is permitted by the
                           organizational documents of the Borrower and of the
                           Acceding Beneficial Owner.

                  (jj)     The Acceding Beneficial Owner represents and warrants
                           that each of the representations and warranties as
                           applicable to the Acceding Beneficial Owner set forth
                           on Exhibit Q to the Certificate Purchase Agreement
                           are true and correct with respect to and as applied
                           to the Acceding Beneficial Owner and said
                           representations and warranties are hereby
                           incorporated in full as is specifically set forth
                           herein.

         Section 4. Information. Any notices and other information heretofore
provided to the Existing Beneficial Owner and the Borrower under the Indenture
or Other Security Documents shall hereafter be provided to the Acceding
Beneficial Owner and the Borrower at the following address:

                 ACCEDING BENEFICIAL OWNER
         Name       ARC Fleetwood, LLC
         Address:   111 Westwood Place, Suite 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

                                     -171-
<PAGE>   172

                 BORROWER
         Name       CRICFW One, LLC
         Address:   c/o ARC Fleetwood, LLC
                    111 Westwood Place, Suit 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

         Section 5. Governing Law. THIS INSTRUMENT OF ACCESSION AND ASSUMPTION
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE
PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF TENNESSEE. TO THE FULLEST
EXTENT PERMITTED BY LAW, PARTIES HERETO HEREBY UNCONDITIONALLY AND IRREVOCABY
WAIVE ANY CLAIM TO ASSERT THAT THE LAW OF ANY OTHER JURISDICTION GOVERNS THIS
ACCESSION AND ASSUMPTION.

         Section 6. Counterparts. This instrument may be executed in any number
of counterparts all of which together shall constitute but one instrument.

         IN WITNESS WHEREOF, the parties hereto have caused the Instrument of
Accession and Assumption to be executed by their respective officers thereunto
duly authorized as of the day and year first above written.

                                    ARC FLEETWOOD, LLC
                                    as the Acceding Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        George T. Hicks, Secretary

                                    CORPORATE REALTY INVESTMENT COMPANY, L.L.C.
                                    as the Existing Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        Marcy Axelrad, Executive Vice President

                                    CRICFW ONE, LLC
                                    as the Borrower

                                    By: Corporate Realty Investment Company,
                                        L.L.C., its sole member

                                        By:
                                            ------------------------------------
                                            Marcy Axelrad, Exec. Vice President

                                     -172-
<PAGE>   173

                      INSTRUMENT OF ACCESION AND ASSUMPTION
              1765 US HIGHWAY 601 NORTH, MOCKSVILLE, NORTH CAROLINA

         This Instrument of Accession and Assumption dated June __, 2001, made
by ARC FLEETWOOD, LLC, a Tennessee limited liability company, (the "Acceding
Beneficial Owner"), CORPORATE REALTY INVESTMENT COMPANY, L.L.C., a Delaware
limited liability company (the "Existing Beneficial Owner") and CRICFW ONE, LLC,
a Delaware limited liability company (the "Borrower") in respect of the Deed of
Trust, Security Agreement, Assignment of Lease and Rents and Fixture Filing
effective as of March 21, 2000 (the "Indenture") from the Borrower to LEGG MASON
REAL ESTATE SERVICES, INC., a Pennsylvania corporation as mortgagee (the
"Lender"). This Instrument of Accession is entered into pursuant to Subsection
9(b)(i) of the Indenture. Capitalized terms used herein without definition shall
have the meanings assigned to such terms in the Indenture.

         WHEREAS, the Existing Beneficial Owner desires to transfer to the
Acceding Beneficial Owner and the Acceding Beneficial Owner desires to purchase
from the Existing Beneficial Owner, the beneficial interest in the Borrower on
the terms and conditions set forth herein, pursuant to Subsection 9(b) of the
Indenture (the "Transfer"); and

         WHEREAS, the Lender has heretofore assigned, transferred, granted, set
over and conveyed all of the Lender's interest in, to and under the Note,
Indenture and Other Security Documents to Legg Mason Mortgage Capital
Corporation, a Maryland corporation, who further assigned, transferred, granted,
set over and conveyed all of its interest in, to and under the Note, Indenture
and Other Security Documents to LM FLE Capital Company, LLC, a Delaware limited
liability company (the "Participating Lender") and the Participating Lender has
issued and sold participation interests in its interest in the Note, Indenture
and Other Security Documents to the Legg Mason Mortgage Capital Corporation
Lease-Backed Commercial Mortgage Pass-Through Trust, Series 2000-CTL-2.

         NOW, THEREFORE, in consideration of and for the mutual benefit of the
parties hereto, each of the undersigned does hereby agree as follows:

         Section 1. Assumption. The Acceding Beneficial Owner hereby expressly
assumes and agrees, with effect from and after the date hereof, to perform and
observe each and every one of the covenants, conditions, obligations,
indemnities, duties and liabilities, if any, applicable to the "Beneficial
Owner" under the Note, Indenture, and each Other Security Document to which the
Existing Beneficial Owner is a party, if any, as if the Acceding Beneficial
Owner had been the original "Beneficial Owner" thereto. All references to any
Beneficial Owner in the Note, Indenture and each Other Security Document shall
be deemed to be and include references to the Acceding Beneficial Owner.

         Section 2. Representations of the Existing Beneficial Owner and the
Borrower. The Existing Beneficial Owner and the Borrower represent and warrant
to the parties hereto that:

                  (iii)    As of this date of closing of the Transfer, the
                           requirements set forth in Sections (9)b and 20 of
                           the Indenture have been satisfied in regard to the
                           obligations of the Borrower and the Existing
                           Beneficial Owner.

                  (jjj)    To the current actual knowledge of the Existing
                           Beneficial Owner, as of the date hereof and after
                           giving effect to the Transfer of the beneficial
                           interest in the Borrower from the Existing Beneficial
                           Owner to the Acceding Beneficial Owner,

                                     -173-
<PAGE>   174

                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (kkk)    To the knowledge of the Borrower, as of the date
                           hereof and after giving effect to the Transfer of the
                           beneficial interest in the Borrower from the Existing
                           Beneficial Owner to the Acceding Beneficial Owner,
                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (lll)    The Transfer of the beneficial ownership interest in
                           and to the Borrower as contemplated is permitted by
                           the organizational documents of the Borrower and the
                           Existing Beneficial Owner.

                  (mmm)    The Borrower has paid to the Lender all of the
                           Lender's costs and expenses incurred in connection
                           with the Transfer set forth in subsection 9(b)(vi) of
                           the Indenture.

         Section 3. Representations of the Acceding Benefit Owner. The Acceding
Beneficial Owner represents that:

                  (kk)     The requirements set forth in Section 20 of the
                           Indenture are satisfied after giving effect to the
                           contemplated Transfer.

                  (ll)     The Transfer of the beneficial ownership interest in
                           and to the Borrower is permitted by the
                           organizational documents of the Borrower and of the
                           Acceding Beneficial Owner.

                  (mm)     The Acceding Beneficial Owner represents and warrants
                           that each of the representations and warranties as
                           applicable to the Acceding Beneficial Owner set forth
                           on Exhibit Q to the Certificate Purchase Agreement
                           are true and correct with respect to and as applied
                           to the Acceding Beneficial Owner and said
                           representations and warranties are hereby
                           incorporated in full as is specifically set forth
                           herein.

         Section 4. Information. Any notices and other information heretofore
provided to the Existing Beneficial Owner and the Borrower under the Indenture
or Other Security Documents shall hereafter be provided to the Acceding
Beneficial Owner and the Borrower at the following address:

                 ACCEDING BENEFICIAL OWNER
         Name       ARC Fleetwood, LLC
         Address:   111 Westwood Place, Suite 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

                                     -174-
<PAGE>   175

                 BORROWER
         Name       CRICFW One, LLC
         Address:   c/o ARC Fleetwood, LLC
                    111 Westwood Place, Suit 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

         Section 5. Governing Law. THIS INSTRUMENT OF ACCESSION AND ASSUMPTION
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE
PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF TENNESSEE. TO THE FULLEST
EXTENT PERMITTED BY LAW, PARTIES HERETO HEREBY UNCONDITIONALLY AND IRREVOCABY
WAIVE ANY CLAIM TO ASSERT THAT THE LAW OF ANY OTHER JURISDICTION GOVERNS THIS
ACCESSION AND ASSUMPTION.

         Section 6. Counterparts. This instrument may be executed in any number
of counterparts all of which together shall constitute but one instrument.

         IN WITNESS WHEREOF, the parties hereto have caused the Instrument of
Accession and Assumption to be executed by their respective officers thereunto
duly authorized as of the day and year first above written.

                                    ARC FLEETWOOD, LLC
                                    as the Acceding Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        George T. Hicks, Secretary

                                    CORPORATE REALTY INVESTMENT COMPANY, L.L.C.
                                    as the Existing Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        Marcy Axelrad, Executive Vice President

                                    CRICFW ONE, LLC
                                    as the Borrower

                                    By: Corporate Realty Investment Company,
                                        L.L.C., its sole member

                                        By:
                                            ------------------------------------
                                            Marcy Axelrad, Exec. Vice President

                                     -175-
<PAGE>   176

                      INSTRUMENT OF ACCESION AND ASSUMPTION
                   6075 SAVANNAH WAY, RAVENEL, SOUTH CAROLINA

         This Instrument of Accession and Assumption dated June __, 2001, made
by ARC FLEETWOOD, LLC, a Tennessee limited liability company, (the "Acceding
Beneficial Owner"), CORPORATE REALTY INVESTMENT COMPANY, L.L.C., a Delaware
limited liability company (the "Existing Beneficial Owner") and CRICFW ONE, LLC,
a Delaware limited liability company (the "Borrower") in respect of the
Mortgage, Security Agreement, Assignment of Lease and Rents and Fixture Filing
effective as of March 21, 2000 (the "Indenture") from the Borrower to LEGG MASON
REAL ESTATE SERVICES, INC., a Pennsylvania corporation as mortgagee (the
"Lender"). This Instrument of Accession is entered into pursuant to Subsection
9(b)(i) of the Indenture. Capitalized terms used herein without definition shall
have the meanings assigned to such terms in the Indenture.

         WHEREAS, the Existing Beneficial Owner desires to transfer to the
Acceding Beneficial Owner and the Acceding Beneficial Owner desires to purchase
from the Existing Beneficial Owner, the beneficial interest in the Borrower on
the terms and conditions set forth herein, pursuant to Subsection 9(b) of the
Indenture (the "Transfer"); and

         WHEREAS, the Lender has heretofore assigned, transferred, granted, set
over and conveyed all of the Lender's interest in, to and under the Note,
Indenture and Other Security Documents to Legg Mason Mortgage Capital
Corporation, a Maryland corporation, who further assigned, transferred, granted,
set over and conveyed all of its interest in, to and under the Note, Indenture
and Other Security Documents to LM FLE Capital Company, LLC, a Delaware limited
liability company (the "Participating Lender") and the Participating Lender has
issued and sold participation interests in its interest in the Note, Indenture
and Other Security Documents to the Legg Mason Mortgage Capital Corporation
Lease-Backed Commercial Mortgage Pass-Through Trust, Series 2000-CTL-2.

         NOW, THEREFORE, in consideration of and for the mutual benefit of the
parties hereto, each of the undersigned does hereby agree as follows:

         Section 1. Assumption. The Acceding Beneficial Owner hereby expressly
assumes and agrees, with effect from and after the date hereof, to perform and
observe each and every one of the covenants, conditions, obligations,
indemnities, duties and liabilities, if any, applicable to the "Beneficial
Owner" under the Note, Indenture, and each Other Security Document to which the
Existing Beneficial Owner is a party, if any, as if the Acceding Beneficial
Owner had been the original "Beneficial Owner" thereto. All references to any
Beneficial Owner in the Note, Indenture and each Other Security Document shall
be deemed to be and include references to the Acceding Beneficial Owner.

         Section 2. Representations of the Existing Beneficial Owner and the
Borrower. The Existing Beneficial Owner and the Borrower represent and warrant
to the parties hereto that:

                  (nnn)    As of this date of closing of the Transfer, the
                           requirements set forth in Sections (9)b and 20 of
                           the Indenture have been satisfied in regard to the
                           obligations of the Borrower and the Existing
                           Beneficial Owner.

                  (ooo)    To the current actual knowledge of the Existing
                           Beneficial Owner, as of the date hereof and after
                           giving effect to the Transfer of the beneficial
                           interest in the Borrower from the Existing Beneficial
                           Owner to the Acceding Beneficial Owner,

                                     -176-
<PAGE>   177

                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (ppp)    To the knowledge of the Borrower, as of the date
                           hereof and after giving effect to the Transfer of the
                           beneficial interest in the Borrower from the Existing
                           Beneficial Owner to the Acceding Beneficial Owner,
                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (qqq)    The Transfer of the beneficial ownership interest in
                           and to the Borrower as contemplated is permitted by
                           the organizational documents of the Borrower and the
                           Existing Beneficial Owner.

                  (rrr)    The Borrower has paid to the Lender all of the
                           Lender's costs and expenses incurred in connection
                           with the Transfer set forth in subsection 9(b)(vi) of
                           the Indenture.

         Section 3. Representations of the Acceding Benefit Owner. The Acceding
Beneficial Owner represents that:

                  (nn)     The requirements set forth in Section 20 of the
                           Indenture are satisfied after giving effect to the
                           contemplated Transfer.

                  (oo)     The Transfer of the beneficial ownership interest in
                           and to the Borrower is permitted by the
                           organizational documents of the Borrower and of the
                           Acceding Beneficial Owner.

                  (pp)     The Acceding Beneficial Owner represents and warrants
                           that each of the representations and warranties as
                           applicable to the Acceding Beneficial Owner set forth
                           on Exhibit Q to the Certificate Purchase Agreement
                           are true and correct with respect to and as applied
                           to the Acceding Beneficial Owner and said
                           representations and warranties are hereby
                           incorporated in full as is specifically set forth
                           herein.

         Section 4. Information. Any notices and other information heretofore
provided to the Existing Beneficial Owner and the Borrower under the Indenture
or Other Security Documents shall hereafter be provided to the Acceding
Beneficial Owner and the Borrower at the following address:

                 ACCEDING BENEFICIAL OWNER
         Name       ARC Fleetwood, LLC
         Address:   111 Westwood Place, Suite 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

                                     -177-
<PAGE>   178

                 BORROWER
         Name       CRICFW One, LLC
         Address:   c/o ARC Fleetwood, LLC
                    111 Westwood Place, Suit 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

         Section 5. Governing Law. THIS INSTRUMENT OF ACCESSION AND ASSUMPTION
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE
PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF TENNESSEE. TO THE FULLEST
EXTENT PERMITTED BY LAW, PARTIES HERETO HEREBY UNCONDITIONALLY AND IRREVOCABY
WAIVE ANY CLAIM TO ASSERT THAT THE LAW OF ANY OTHER JURISDICTION GOVERNS THIS
ACCESSION AND ASSUMPTION.

         Section 6. Counterparts. This instrument may be executed in any number
of counterparts all of which together shall constitute but one instrument.

         IN WITNESS WHEREOF, the parties hereto have caused the Instrument of
Accession and Assumption to be executed by their respective officers thereunto
duly authorized as of the day and year first above written.

                                    ARC FLEETWOOD, LLC
                                    as the Acceding Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        George T. Hicks, Secretary

                                    CORPORATE REALTY INVESTMENT COMPANY, L.L.C.
                                    as the Existing Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        Marcy Axelrad, Executive Vice President

                                    CRICFW ONE, LLC
                                    as the Borrower

                                    By: Corporate Realty Investment Company,
                                        L.L.C., its sole member

                                        By:
                                            ------------------------------------
                                            Marcy Axelrad, Exec. Vice President

                                     -178-
<PAGE>   179

                      INSTRUMENT OF ACCESION AND ASSUMPTION
                   [28240 SOUTHWEST FREEWAY, ROSENBERG, TEXAS

         This Instrument of Accession and Assumption dated June __, 2001, made
by ARC FLEETWOOD, LLC, a Tennessee limited liability company, (the "Acceding
Beneficial Owner"), CORPORATE REALTY INVESTMENT COMPANY, L.L.C., a Delaware
limited liability company (the "Existing Beneficial Owner") and CRICFW ONE, LLC,
a Delaware limited liability company (the "Borrower") in respect of the Deed of
Trust, Security Agreement, Assignment of Lease and Rents and Fixture Filing
effective as of March 21, 2000 (the "Indenture") from the Borrower to LEGG MASON
REAL ESTATE SERVICES, INC., a Pennsylvania corporation as mortgagee (the
"Lender"). This Instrument of Accession is entered into pursuant to Subsection
9(b)(i) of the Indenture. Capitalized terms used herein without definition shall
have the meanings assigned to such terms in the Indenture.

         WHEREAS, the Existing Beneficial Owner desires to transfer to the
Acceding Beneficial Owner and the Acceding Beneficial Owner desires to purchase
from the Existing Beneficial Owner, the beneficial interest in the Borrower on
the terms and conditions set forth herein, pursuant to Subsection 9(b) of the
Indenture (the "Transfer"); and

         WHEREAS, the Lender has heretofore assigned, transferred, granted, set
over and conveyed all of the Lender's interest in, to and under the Note,
Indenture and Other Security Documents to Legg Mason Mortgage Capital
Corporation, a Maryland corporation, who further assigned, transferred, granted,
set over and conveyed all of its interest in, to and under the Note, Indenture
and Other Security Documents to LM FLE Capital Company, LLC, a Delaware limited
liability company (the "Participating Lender") and the Participating Lender has
issued and sold participation interests in its interest in the Note, Indenture
and Other Security Documents to the Legg Mason Mortgage Capital Corporation
Lease-Backed Commercial Mortgage Pass-Through Trust, Series 2000-CTL-2.

         NOW, THEREFORE, in consideration of and for the mutual benefit of the
parties hereto, each of the undersigned does hereby agree as follows:

         Section 1. Assumption. The Acceding Beneficial Owner hereby expressly
assumes and agrees, with effect from and after the date hereof, to perform and
observe each and every one of the covenants, conditions, obligations,
indemnities, duties and liabilities, if any, applicable to the "Beneficial
Owner" under the Note, Indenture, and each Other Security Document to which the
Existing Beneficial Owner is a party, if any, as if the Acceding Beneficial
Owner had been the original "Beneficial Owner" thereto. All references to any
Beneficial Owner in the Note, Indenture and each Other Security Document shall
be deemed to be and include references to the Acceding Beneficial Owner.

         Section 2. Representations of the Existing Beneficial Owner and the
Borrower. The Existing Beneficial Owner and the Borrower represent and warrant
to the parties hereto that:

                  (sss)    As of this date of closing of the Transfer, the
                           requirements set forth in Sections (9)b and 20 of
                           the Indenture have been satisfied in regard to the
                           obligations of the Borrower and the Existing
                           Beneficial Owner.

                  (ttt)    To the current actual knowledge of the Existing
                           Beneficial Owner, as of the date hereof and after
                           giving effect to the Transfer of the beneficial
                           interest in the Borrower from the Existing Beneficial
                           Owner to the Acceding Beneficial Owner,

                                     -179-
<PAGE>   180

                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (uuu)    To the knowledge of the Borrower, as of the date
                           hereof and after giving effect to the Transfer of the
                           beneficial interest in the Borrower from the Existing
                           Beneficial Owner to the Acceding Beneficial Owner,
                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (vvv)    The Transfer of the beneficial ownership interest in
                           and to the Borrower as contemplated is permitted by
                           the organizational documents of the Borrower and the
                           Existing Beneficial Owner.

                  (www)    The Borrower has paid to the Lender all of the
                           Lender's costs and expenses incurred in connection
                           with the Transfer set forth in subsection 9(b)(vi) of
                           the Indenture.

         Section 3. Representations of the Acceding Benefit Owner. The Acceding
Beneficial Owner represents that:

                  (qq)     The requirements set forth in Section 20 of the
                           Indenture are satisfied after giving effect to the
                           contemplated Transfer.

                  (rr)     The Transfer of the beneficial ownership interest in
                           and to the Borrower is permitted by the
                           organizational documents of the Borrower and of the
                           Acceding Beneficial Owner.

                  (ss)     The Acceding Beneficial Owner represents and warrants
                           that each of the representations and warranties as
                           applicable to the Acceding Beneficial Owner set forth
                           on Exhibit Q to the Certificate Purchase Agreement
                           are true and correct with respect to and as applied
                           to the Acceding Beneficial Owner and said
                           representations and warranties are hereby
                           incorporated in full as is specifically set forth
                           herein.

         Section 4. Information. Any notices and other information heretofore
provided to the Existing Beneficial Owner and the Borrower under the Indenture
or Other Security Documents shall hereafter be provided to the Acceding
Beneficial Owner and the Borrower at the following address:

                 ACCEDING BENEFICIAL OWNER
         Name       ARC Fleetwood, LLC
         Address:   111 Westwood Place, Suite 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

                                     -180-
<PAGE>   181

                 BORROWER
         Name       CRICFW One, LLC
         Address:   c/o ARC Fleetwood, LLC
                    111 Westwood Place, Suit 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

         Section 5. Governing Law. THIS INSTRUMENT OF ACCESSION AND ASSUMPTION
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE
PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF TENNESSEE. TO THE FULLEST
EXTENT PERMITTED BY LAW, PARTIES HERETO HEREBY UNCONDITIONALLY AND IRREVOCABY
WAIVE ANY CLAIM TO ASSERT THAT THE LAW OF ANY OTHER JURISDICTION GOVERNS THIS
ACCESSION AND ASSUMPTION.

         Section 6. Counterparts. This instrument may be executed in any number
of counterparts all of which together shall constitute but one instrument.

         IN WITNESS WHEREOF, the parties hereto have caused the Instrument of
Accession and Assumption to be executed by their respective officers thereunto
duly authorized as of the day and year first above written.

                                    ARC FLEETWOOD, LLC
                                    as the Acceding Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        George T. Hicks, Secretary

                                    CORPORATE REALTY INVESTMENT COMPANY, L.L.C.
                                    as the Existing Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        Marcy Axelrad, Executive Vice President

                                    CRICFW ONE, LLC
                                    as the Borrower

                                    By: Corporate Realty Investment Company,
                                        L.L.C., its sole member

                                        By:
                                            ------------------------------------
                                            Marcy Axelrad, Exec. Vice President

                                     -181-
<PAGE>   182

                      INSTRUMENT OF ACCESION AND ASSUMPTION
                         10437 SOUTH I-35, HEWITT, TEXAS

         This Instrument of Accession and Assumption dated June __, 2001, made
by ARC FLEETWOOD, LLC, a Tennessee limited liability company, (the "Acceding
Beneficial Owner"), CORPORATE REALTY INVESTMENT COMPANY, L.L.C., a Delaware
limited liability company (the "Existing Beneficial Owner") and CRICFW ONE, LLC,
a Delaware limited liability company (the "Borrower") in respect of the Deed of
Trust, Security Agreement, Assignment of Lease and Rents and Fixture Filing
effective as of March 21, 2000 (the "Indenture") from the Borrower to LEGG MASON
REAL ESTATE SERVICES, INC., a Pennsylvania corporation as mortgagee (the
"Lender"). This Instrument of Accession is entered into pursuant to Subsection
9(b)(i) of the Indenture. Capitalized terms used herein without definition shall
have the meanings assigned to such terms in the Indenture.

         WHEREAS, the Existing Beneficial Owner desires to transfer to the
Acceding Beneficial Owner and the Acceding Beneficial Owner desires to purchase
from the Existing Beneficial Owner, the beneficial interest in the Borrower on
the terms and conditions set forth herein, pursuant to Subsection 9(b) of the
Indenture (the "Transfer"); and

         WHEREAS, the Lender has heretofore assigned, transferred, granted, set
over and conveyed all of the Lender's interest in, to and under the Note,
Indenture and Other Security Documents to Legg Mason Mortgage Capital
Corporation, a Maryland corporation, who further assigned, transferred, granted,
set over and conveyed all of its interest in, to and under the Note, Indenture
and Other Security Documents to LM FLE Capital Company, LLC, a Delaware limited
liability company (the "Participating Lender") and the Participating Lender has
issued and sold participation interests in its interest in the Note, Indenture
and Other Security Documents to the Legg Mason Mortgage Capital Corporation
Lease-Backed Commercial Mortgage Pass-Through Trust, Series 2000-CTL-2.

         NOW, THEREFORE, in consideration of and for the mutual benefit of the
parties hereto, each of the undersigned does hereby agree as follows:

         Section 1. Assumption. The Acceding Beneficial Owner hereby expressly
assumes and agrees, with effect from and after the date hereof, to perform and
observe each and every one of the covenants, conditions, obligations,
indemnities, duties and liabilities, if any, applicable to the "Beneficial
Owner" under the Note, Indenture, and each Other Security Document to which the
Existing Beneficial Owner is a party, if any, as if the Acceding Beneficial
Owner had been the original "Beneficial Owner" thereto. All references to any
Beneficial Owner in the Note, Indenture and each Other Security Document shall
be deemed to be and include references to the Acceding Beneficial Owner.

         Section 2. Representations of the Existing Beneficial Owner and the
Borrower. The Existing Beneficial Owner and the Borrower represent and warrant
to the parties hereto that:

                  (xxx)    As of this date of closing of the Transfer, the
                           requirements set forth in Sections (9)b and 20 of
                           the Indenture have been satisfied in regard to the
                           obligations of the Borrower and the Existing
                           Beneficial Owner.

                  (yyy)    To the current actual knowledge of the Existing
                           Beneficial Owner, as of the date hereof and after
                           giving effect to the Transfer of the beneficial
                           interest in the Borrower from the Existing Beneficial
                           Owner to the Acceding Beneficial Owner,

                                     -182-
<PAGE>   183

                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (zzz)    To the knowledge of the Borrower, as of the date
                           hereof and after giving effect to the Transfer of the
                           beneficial interest in the Borrower from the Existing
                           Beneficial Owner to the Acceding Beneficial Owner,
                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (aaaa)   The Transfer of the beneficial ownership interest in
                           and to the Borrower as contemplated is permitted by
                           the organizational documents of the Borrower and the
                           Existing Beneficial Owner.

                  (bbbb)   The Borrower has paid to the Lender all of the
                           Lender's costs and expenses incurred in connection
                           with the Transfer set forth in subsection 9(b)(vi) of
                           the Indenture.

         Section 3. Representations of the Acceding Benefit Owner. The Acceding
Beneficial Owner represents that:

                  (tt)     The requirements set forth in Section 20 of the
                           Indenture are satisfied after giving effect to the
                           contemplated Transfer.

                  (uu)     The Transfer of the beneficial ownership interest in
                           and to the Borrower is permitted by the
                           organizational documents of the Borrower and of the
                           Acceding Beneficial Owner.

                  (vv)     The Acceding Beneficial Owner represents and warrants
                           that each of the representations and warranties as
                           applicable to the Acceding Beneficial Owner set forth
                           on Exhibit Q to the Certificate Purchase Agreement
                           are true and correct with respect to and as applied
                           to the Acceding Beneficial Owner and said
                           representations and warranties are hereby
                           incorporated in full as is specifically set forth
                           herein.

         Section 4. Information. Any notices and other information heretofore
provided to the Existing Beneficial Owner and the Borrower under the Indenture
or Other Security Documents shall hereafter be provided to the Acceding
Beneficial Owner and the Borrower at the following address:

                 ACCEDING BENEFICIAL OWNER
         Name       ARC Fleetwood, LLC
         Address:   111 Westwood Place, Suite 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

                                     -183-
<PAGE>   184

                 BORROWER
         Name       CRICFW One, LLC
         Address:   c/o ARC Fleetwood, LLC
                    111 Westwood Place, Suit 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

         Section 5. Governing Law. THIS INSTRUMENT OF ACCESSION AND ASSUMPTION
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE
PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF TENNESSEE. TO THE FULLEST
EXTENT PERMITTED BY LAW, PARTIES HERETO HEREBY UNCONDITIONALLY AND IRREVOCABY
WAIVE ANY CLAIM TO ASSERT THAT THE LAW OF ANY OTHER JURISDICTION GOVERNS THIS
ACCESSION AND ASSUMPTION.

         Section 6. Counterparts. This instrument may be executed in any number
of counterparts all of which together shall constitute but one instrument.

         IN WITNESS WHEREOF, the parties hereto have caused the Instrument of
Accession and Assumption to be executed by their respective officers thereunto
duly authorized as of the day and year first above written.

                                    ARC FLEETWOOD, LLC
                                    as the Acceding Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        George T. Hicks, Secretary

                                    CORPORATE REALTY INVESTMENT COMPANY, L.L.C.
                                    as the Existing Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        Marcy Axelrad, Executive Vice President

                                    CRICFW ONE, LLC
                                    as the Borrower

                                    By: Corporate Realty Investment Company,
                                        L.L.C., its sole member

                                        By:
                                            ------------------------------------
                                            Marcy Axelrad, Exec. Vice President

                                     -184-
<PAGE>   185

                      INSTRUMENT OF ACCESION AND ASSUMPTION
                     931 CARROLTON HIGHWAY, TEMPLE, GEORGIA

         This Instrument of Accession and Assumption dated June __, 2001, made
by ARC FLEETWOOD, LLC, a Tennessee limited liability company, (the "Acceding
Beneficial Owner"), CORPORATE REALTY INVESTMENT COMPANY, L.L.C., a Delaware
limited liability company (the "Existing Beneficial Owner") and CRICFW ONE, LLC,
a Delaware limited liability company (the "Borrower") in respect of the Deed to
Secure Debt, Security Agreement, Assignment of Lease and Rents and Fixture
Filing effective as of March 21, 2000 (the "Indenture") from the Borrower to
LEGG MASON REAL ESTATE SERVICES, INC., a Pennsylvania corporation as mortgagee
(the "Lender"). This Instrument of Accession is entered into pursuant to
Subsection 9(b)(i) of the Indenture. Capitalized terms used herein without
definition shall have the meanings assigned to such terms in the Indenture.

         WHEREAS, the Existing Beneficial Owner desires to transfer to the
Acceding Beneficial Owner and the Acceding Beneficial Owner desires to purchase
from the Existing Beneficial Owner, the beneficial interest in the Borrower on
the terms and conditions set forth herein, pursuant to Subsection 9(b) of the
Indenture (the "Transfer"); and

         WHEREAS, the Lender has heretofore assigned, transferred, granted, set
over and conveyed all of the Lender's interest in, to and under the Note,
Indenture and Other Security Documents to Legg Mason Mortgage Capital
Corporation, a Maryland corporation, who further assigned, transferred, granted,
set over and conveyed all of its interest in, to and under the Note, Indenture
and Other Security Documents to LM FLE Capital Company, LLC, a Delaware limited
liability company (the "Participating Lender") and the Participating Lender has
issued and sold participation interests in its interest in the Note, Indenture
and Other Security Documents to the Legg Mason Mortgage Capital Corporation
Lease-Backed Commercial Mortgage Pass-Through Trust, Series 2000-CTL-2.

         NOW, THEREFORE, in consideration of and for the mutual benefit of the
parties hereto, each of the undersigned does hereby agree as follows:

         Section 1. Assumption. The Acceding Beneficial Owner hereby expressly
assumes and agrees, with effect from and after the date hereof, to perform and
observe each and every one of the covenants, conditions, obligations,
indemnities, duties and liabilities, if any, applicable to the "Beneficial
Owner" under the Note, Indenture, and each Other Security Document to which the
Existing Beneficial Owner is a party, if any, as if the Acceding Beneficial
Owner had been the original "Beneficial Owner" thereto. All references to any
Beneficial Owner in the Note, Indenture and each Other Security Document shall
be deemed to be and include references to the Acceding Beneficial Owner.

         Section 2. Representations of the Existing Beneficial Owner and the
Borrower. The Existing Beneficial Owner and the Borrower represent and warrant
to the parties hereto that:

                  (cccc)   As of this date of closing of the Transfer, the
                           requirements set forth in Sections (9)b and 20 of
                           the Indenture have been satisfied in regard to the
                           obligations of the Borrower and the Existing
                           Beneficial Owner.

                  (dddd)   To the current actual knowledge of the Existing
                           Beneficial Owner, as of the date hereof and after
                           giving effect to the Transfer of the beneficial
                           interest in the Borrower from the Existing Beneficial
                           Owner to the Acceding Beneficial Owner,

                                     -185-
<PAGE>   186

                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (eeee)   To the knowledge of the Borrower, as of the date
                           hereof and after giving effect to the Transfer of the
                           beneficial interest in the Borrower from the Existing
                           Beneficial Owner to the Acceding Beneficial Owner,
                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (ffff)   The Transfer of the beneficial ownership interest in
                           and to the Borrower as contemplated is permitted by
                           the organizational documents of the Borrower and the
                           Existing Beneficial Owner.

                  (gggg)   The Borrower has paid to the Lender all of the
                           Lender's costs and expenses incurred in connection
                           with the Transfer set forth in subsection 9(b)(vi) of
                           the Indenture.

         Section 3. Representations of the Acceding Benefit Owner. The Acceding
Beneficial Owner represents that:

                  (ww)     The requirements set forth in Section 20 of the
                           Indenture are satisfied after giving effect to the
                           contemplated Transfer.

                  (xx)     The Transfer of the beneficial ownership interest in
                           and to the Borrower is permitted by the
                           organizational documents of the Borrower and of the
                           Acceding Beneficial Owner.

                  (yy)     The Acceding Beneficial Owner represents and warrants
                           that each of the representations and warranties as
                           applicable to the Acceding Beneficial Owner set forth
                           on Exhibit Q to the Certificate Purchase Agreement
                           are true and correct with respect to and as applied
                           to the Acceding Beneficial Owner and said
                           representations and warranties are hereby
                           incorporated in full as is specifically set forth
                           herein.

         Section 4. Information. Any notices and other information heretofore
provided to the Existing Beneficial Owner and the Borrower under the Indenture
or Other Security Documents shall hereafter be provided to the Acceding
Beneficial Owner and the Borrower at the following address:

                 ACCEDING BENEFICIAL OWNER
         Name       ARC Fleetwood, LLC
         Address:   111 Westwood Place, Suite 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

                                     -186-
<PAGE>   187

                 BORROWER
         Name       CRICFW One, LLC
         Address:   c/o ARC Fleetwood, LLC
                    111 Westwood Place, Suit 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

         Section 5. Governing Law. THIS INSTRUMENT OF ACCESSION AND ASSUMPTION
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE
PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF TENNESSEE. TO THE FULLEST
EXTENT PERMITTED BY LAW, PARTIES HERETO HEREBY UNCONDITIONALLY AND IRREVOCABY
WAIVE ANY CLAIM TO ASSERT THAT THE LAW OF ANY OTHER JURISDICTION GOVERNS THIS
ACCESSION AND ASSUMPTION.

         Section 6. Counterparts. This instrument may be executed in any number
of counterparts all of which together shall constitute but one instrument.

         IN WITNESS WHEREOF, the parties hereto have caused the Instrument of
Accession and Assumption to be executed by their respective officers thereunto
duly authorized as of the day and year first above written.

                                    ARC FLEETWOOD, LLC
                                    as the Acceding Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        George T. Hicks, Secretary

                                    CORPORATE REALTY INVESTMENT COMPANY, L.L.C.
                                    as the Existing Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        Marcy Axelrad, Executive Vice President

                                    CRICFW ONE, LLC
                                    as the Borrower

                                    By: Corporate Realty Investment Company,
                                        L.L.C., its sole member

                                        By:
                                            ------------------------------------
                                            Marcy Axelrad, Exec. Vice President

                                     -187-
<PAGE>   188

                      INSTRUMENT OF ACCESION AND ASSUMPTION
                  2901 E. SERVICE ROAD, WEST MEMPHIS, ARKANSAS

         This Instrument of Accession and Assumption dated June __, 2001, made
by ARC FLEETWOOD, LLC, a Tennessee limited liability company, (the "Acceding
Beneficial Owner"), CORPORATE REALTY INVESTMENT COMPANY, L.L.C., a Delaware
limited liability company (the "Existing Beneficial Owner") and CRICFW ONE, LLC,
a Delaware limited liability company (the "Borrower") in respect of the
Mortgage, Security Agreement, Assignment of Lease and Rents and Fixture Filing
effective as of March 21, 2000 (the "Indenture") from the Borrower to LEGG MASON
REAL ESTATE SERVICES, INC., a Pennsylvania corporation as mortgagee (the
"Lender"). This Instrument of Accession is entered into pursuant to Subsection
9(b)(i) of the Indenture. Capitalized terms used herein without definition shall
have the meanings assigned to such terms in the Indenture.

         WHEREAS, the Existing Beneficial Owner desires to transfer to the
Acceding Beneficial Owner and the Acceding Beneficial Owner desires to purchase
from the Existing Beneficial Owner, the beneficial interest in the Borrower on
the terms and conditions set forth herein, pursuant to Subsection 9(b) of the
Indenture (the "Transfer"); and

         WHEREAS, the Lender has heretofore assigned, transferred, granted, set
over and conveyed all of the Lender's interest in, to and under the Note,
Indenture and Other Security Documents to Legg Mason Mortgage Capital
Corporation, a Maryland corporation, who further assigned, transferred, granted,
set over and conveyed all of its interest in, to and under the Note, Indenture
and Other Security Documents to LM FLE Capital Company, LLC, a Delaware limited
liability company (the "Participating Lender") and the Participating Lender has
issued and sold participation interests in its interest in the Note, Indenture
and Other Security Documents to the Legg Mason Mortgage Capital Corporation
Lease-Backed Commercial Mortgage Pass-Through Trust, Series 2000-CTL-2.

         NOW, THEREFORE, in consideration of and for the mutual benefit of the
parties hereto, each of the undersigned does hereby agree as follows:

         Section 1. Assumption. The Acceding Beneficial Owner hereby expressly
assumes and agrees, with effect from and after the date hereof, to perform and
observe each and every one of the covenants, conditions, obligations,
indemnities, duties and liabilities, if any, applicable to the "Beneficial
Owner" under the Note, Indenture, and each Other Security Document to which the
Existing Beneficial Owner is a party, if any, as if the Acceding Beneficial
Owner had been the original "Beneficial Owner" thereto. All references to any
Beneficial Owner in the Note, Indenture and each Other Security Document shall
be deemed to be and include references to the Acceding Beneficial Owner.

         Section 2. Representations of the Existing Beneficial Owner and the
Borrower. The Existing Beneficial Owner and the Borrower represent and warrant
to the parties hereto that:

                  (hhhh)   As of this date of closing of the Transfer, the
                           requirements set forth in Sections (9)b and 20 of
                           the Indenture have been satisfied in regard to the
                           obligations of the Borrower and the Existing
                           Beneficial Owner.

                  (iiii)   To the current actual knowledge of the Existing
                           Beneficial Owner, as of the date hereof and after
                           giving effect to the Transfer of the beneficial
                           interest in the Borrower from the Existing Beneficial
                           Owner to the Acceding Beneficial Owner,

                                     -188-
<PAGE>   189

                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (jjjj)   To the knowledge of the Borrower, as of the date
                           hereof and after giving effect to the Transfer of the
                           beneficial interest in the Borrower from the Existing
                           Beneficial Owner to the Acceding Beneficial Owner,
                           there exists no Default or Event of Default and no
                           default or event of default under any Other Security
                           Document.

                  (kkkk)   The Transfer of the beneficial ownership interest in
                           and to the Borrower as contemplated is permitted by
                           the organizational documents of the Borrower and the
                           Existing Beneficial Owner.

                  (llll)   The Borrower has paid to the Lender all of the
                           Lender's costs and expenses incurred in connection
                           with the Transfer set forth in subsection 9(b)(vi) of
                           the Indenture.

         Section 3. Representations of the Acceding Benefit Owner. The Acceding
Beneficial Owner represents that:

                  (zz)     The requirements set forth in Section 20 of the
                           Indenture are satisfied after giving effect to the
                           contemplated Transfer.

                  (aaa)    The Transfer of the beneficial ownership interest in
                           and to the Borrower is permitted by the
                           organizational documents of the Borrower and of the
                           Acceding Beneficial Owner.

                  (bbb)    The Acceding Beneficial Owner represents and warrants
                           that each of the representations and warranties as
                           applicable to the Acceding Beneficial Owner set forth
                           on Exhibit Q to the Certificate Purchase Agreement
                           are true and correct with respect to and as applied
                           to the Acceding Beneficial Owner and said
                           representations and warranties are hereby
                           incorporated in full as is specifically set forth
                           herein.

         Section 4. Information. Any notices and other information heretofore
provided to the Existing Beneficial Owner and the Borrower under the Indenture
or Other Security Documents shall hereafter be provided to the Acceding
Beneficial Owner and the Borrower at the following address:

                 ACCEDING BENEFICIAL OWNER
         Name       ARC Fleetwood, LLC
         Address:   111 Westwood Place, Suite 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

                                     -189-
<PAGE>   190

                 BORROWER
         Name       CRICFW One, LLC
         Address:   c/o ARC Fleetwood, LLC
                    111 Westwood Place, Suit 200
                    Brentwood, TN  37027
                    Attn:  George T. Hicks
         Phone:  615-221-2260
         Facsimile:  615-221-5284

         Section 5. Governing Law. THIS INSTRUMENT OF ACCESSION AND ASSUMPTION
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE
PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF TENNESSEE. TO THE FULLEST
EXTENT PERMITTED BY LAW, PARTIES HERETO HEREBY UNCONDITIONALLY AND IRREVOCABY
WAIVE ANY CLAIM TO ASSERT THAT THE LAW OF ANY OTHER JURISDICTION GOVERNS THIS
ACCESSION AND ASSUMPTION.

         Section 6. Counterparts. This instrument may be executed in any number
of counterparts all of which together shall constitute but one instrument.

         IN WITNESS WHEREOF, the parties hereto have caused the Instrument of
Accession and Assumption to be executed by their respective officers thereunto
duly authorized as of the day and year first above written.

                                    ARC FLEETWOOD, LLC
                                    as the Acceding Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        George T. Hicks, Secretary

                                    CORPORATE REALTY INVESTMENT COMPANY, L.L.C.
                                    as the Existing Beneficial Owner

                                    By:
                                        ----------------------------------------
                                        Marcy Axelrad, Executive Vice President

                                    CRICFW ONE, LLC
                                    as the Borrower

                                    By: Corporate Realty Investment Company,
                                        L.L.C., its sole member

                                        By:
                                            ------------------------------------
                                            Marcy Axelrad, Exec. Vice President

                                     -190-<PAGE>   1
                                                                    EXHIBIT 10.3

               EXECUTIVE CHANGE IN CONTROL SEVERANCE BENEFITS PLAN
                                  (the "Plan")

                                    PREAMBLE

         American Retirement Corporation, a Tennessee corporation (the
"Company," which reference shall also include the Company's beneficially owned
or controlled subsidiaries and its predecessors, unless the context clearly
requires otherwise) recognizes that the possibility of a change in control
presently exists and may exist in the future, and that such possibility, and the
uncertainty and questions which such change may raise among certain key
employees of the Company, may result in the departure or distraction of certain
key employees to the detriment of the Company and its shareholders. Accordingly,
the Board of Directors of the Company (the "Board") has determined that it is
appropriate to reinforce and encourage the continued attention and dedication of
certain members of the Company's senior management (each an "Eligible Employee"
as specified in Section 2 hereof), to their assigned duties without distraction
in potentially disturbing circumstances arising from the possibility of a change
in control of the Company.

         In order to induce the Eligible Employees to remain in the employ of
the Company and in consideration of the Eligible Employees remaining in the
employ of the Company, this Plan sets forth the terms and conditions for
qualification for severance "Benefits" (as specified in Section 6 hereof) which
the Company will provide to the Eligible Employees in the event their employment
with the Company is terminated subsequent to a "Change in Control" (as defined
in Section 4 hereof).

         1. Administration. The Plan shall be administered by the Compensation
Committee of the Board (the "Committee"). The Committee shall have exclusive
authority to determine all matters involving the administration, operation and
interpretation of the Plan, in its sole discretion. All decisions, actions or
interpretations of the Committee under the Plan shall be final, conclusive and
binding upon all parties. After a Change in Control, all powers of the Committee
under this Plan shall be exercised solely by the Committee as it was constituted
immediately prior to such Change in Control.

         2. Eligible Employees. Only those members of the Company's senior
management who hold the titles of Chairman of the Board, Chief Executive
Officer, Chief Operating Officer, President, Executive Vice President, Senior
Vice President or Vice President are eligible for Benefits under the Plan.

         3. Company's Right to Terminate. No provision contained herein shall
affect the Company's ability to terminate an Eligible Employee's employment at
any time, with or without cause. Nothing in this Plan shall in any way require
the Company to provide any Benefits prior to a Change in Control, nor shall this
Plan ever be construed in any way as establishing any policies or requirements
for severance benefits for any Eligible Employee whose employment with the
Company terminates prior to a Change in Control.

<PAGE>   2

         4. Change in Control. Benefits provided herein shall be payable only in
the event there shall have occurred a "Change in Control" as defined below, and
an Eligible Employee's employment by the Company shall thereafter have been
terminated in accordance with Section 5 below. For purposes of this Plan, a
"Change in Control" shall mean the occurrence of any of the following:

            (i) any person or entity, including a "group" as defined in Section
         13(d)(3) of the Securities Exchange Act of 1934, other than the
         Company, a wholly-owned subsidiary thereof or any employee benefit plan
         of the Company, becomes the beneficial owner of the Company's
         securities having 50% or more of the combined voting power of the then
         outstanding securities of the Company that may be cast for the election
         of directors of the Company (other than as a result of an issuance of
         securities initiated by the Company in the ordinary course of
         business);

            (ii) the merger or consolidation of the Company with or into another
         corporation or other entity or the sale of all or substantially all of
         the Company's assets, or any share exchange or similar transaction
         involving the Company and another corporation or other entity, if as a
         result of such merger, consolidation, sale, share exchange or other
         transaction, the persons who owned at least a majority of the Common
         Stock of the Company prior to the consummation of such transaction do
         not own at least a majority of the Common Stock of the surviving entity
         after the consummation of such transaction;

            (iii) the consummation of a complete liquidation or dissolution of
         the Company; or

            (iv) during any period of two consecutive years, individuals who at
         the beginning of any such period constitute the Board cease for any
         reason to constitute at least a majority thereof, unless the election,
         or the nomination for election by the Company's shareholders, of each
         director of the Company first elected during such period was approved
         by a vote of at least two-thirds of the directors of the Company then
         still in office who were directors of the Company at the beginning of
         any such period.

         5. Termination Following Change in Control. In the event a Change in
Control shall have occurred, an Eligible Employee shall be entitled to the
Benefits provided in Section 6 hereof upon any termination of his employment
with the Company within one year following the date of any Change in Control,
unless such termination is (a) because of his death or Retirement, (b) by the
Company for "Good Cause" or "Disability" or (c) by him other than for "Good
Reason."

            (i) Disability; Retirement.

                (A) Termination by the Company of an Eligible Employee's
            employment based on "Disability" shall mean termination because of
            his absence from duties with the Company on a full time basis for
            131 consecutive business days, as a result of incapacity due to
            physical or mental illness, unless he shall

                                       2
<PAGE>   3
            have returned to the full time performance of his duties within 30
            days after "Notice of Termination" (as described in (iv) below) is
            given in connection with such absence.

                (B) Termination by an Eligible Employee of his employment based
            on "Retirement" shall mean the voluntary termination of employment
            by such Eligible Employee other than for Good Reason (as defined
            below).

            (ii) Good Cause. Termination by the Company of an Eligible
         Employee's employment for "Good Cause" shall be deemed to exist if, and
         only if after the occurrence of a Change in Control:

                (A) the Eligible Employee engages in material acts or omissions
            constituting dishonesty, breach of fiduciary obligation or
            intentional wrongdoing or malfeasance which are demonstrably
            injurious to the Company;

                (B) the Eligible Employee is convicted of a violation involving
            fraud or dishonesty; or

                (C) the Eligible Employee materially fails to satisfy the
            conditions and requirements of his employment with Company, and such
            breach or failure by its nature is incapable of being cured, or such
            breach or failure remains uncured for more than 30 days following
            receipt by the Eligible Employee of written notice from Company
            specifying the nature of the breach or failure and demanding the
            cure thereof.

         Without limiting the generality of the foregoing, if the Eligible
Employee acted in good faith and in a manner he reasonably believed to be in,
and not opposed to, the best interest of Company and had no reasonable cause to
believe his conduct was unlawful in connection with any action taken by the
Eligible Employee in connection with his duties, it shall not constitute Good
Cause.

            (iii) Good Reason. Termination by the Eligible Employee of his
         employment for "Good Reason" shall mean termination subsequent to a
         Change in Control if:

                (A) the Eligible Employee is assigned by the Company duties
            inconsistent with the Eligible Employee's position, duties,
            responsibilities and status with the Company immediately prior to a
            Change in Control of the Company, or the Eligible Employee's titles
            or offices as in effect immediately prior to a Change in Control of
            the Company are materially changed, or the Eligible Employee is
            removed from or not reelected to any of such positions, except in
            connection with the termination of his employment for Disability,
            Retirement or Cause or as a result of the Eligible Employee's death
            or by the Eligible Employee other than for Good Reason;

                (B) there is a reduction in the Eligible Employee's rate of base
            salary;

                                       3
<PAGE>   4

                (C) the Company changes the principal location in which the
            Eligible Employee is required to perform services outside a fifty
            (50) mile radius of such location without the Eligible Employee's
            consent, except for required travel on the Company's business to an
            extent substantially consistent with his previous business travel
            obligations;

                (D) the Company has failed to obtain the assumption of the
            obligations contained in this Plan by any successor as contemplated
            in Section 9 hereof; or

                (E) there occurs any purported termination of the Eligible
            Employee's employment which is not effected pursuant to a Notice of
            Termination satisfying the requirements of paragraph (iv) below
            (and, if applicable, paragraph (ii) above); and for purposes of this
            Plan, no such purported termination shall be effective.

         A termination of employment by an Eligible Employee following a Change
of Control shall be for Good Reason if one of the occurrences specified in this
paragraph (iii) shall have occurred, notwithstanding that the Eligible Employee
may have other reasons for terminating employment, including employment by
another entity which the Eligible Employee desires to accept.

            (iv) Notice of Termination. Any purported termination of an Eligible
         Employee's employment by the Company pursuant to paragraph (i) or (ii)
         above shall be communicated by written Notice of Termination to the
         Eligible Employee. For purposes of this Plan, a "Notice of Termination"
         shall mean a written notice which shall indicate the specific
         termination provision in this Plan relied upon and shall set forth in
         reasonable detail the facts and circumstances claimed to provide a
         basis for termination of the Eligible Employee's employment under the
         provision so indicated.

            (v) Date of Termination. "Date of Termination" shall mean:

                (A) if the Eligible Employee's employment is terminated for
            Disability, thirty (30) days after Notice of Termination is given
            (provided that the Eligible Employee shall not have returned to the
            performance of his duties on a full-time basis during such thirty
            (30) day period),

                (B) if the Eligible Employee's employment is terminated for Good
            Cause pursuant to paragraph (ii) above, the date specified in the
            Notice of Termination is given,

                (C) if the Eligible Employee's employment is terminated by the
            Company for any other reason, the date on which a Notice of
            Termination is given; provided that if within thirty (30) days after
            any Notice of Termination is given the Eligible Employee notifies
            the Company that a dispute exists concerning the termination, the
            Date of Termination shall be the date on which

                                       4
<PAGE>   5

            the dispute is finally determined, either by mutual written
            agreement of the parties, or by a final judgment, order or decree of
            the court with jurisdiction, and

                (D) if the Eligible Employee terminates his employment for Good
            Reason, the date on which the Company receives notice from the
            Eligible Employee of such termination.

         6. Certain Benefits Upon Termination. If, within one year following the
date of any Change in Control, an Eligible Employee's employment by the Company
shall be terminated (a) by the Company other than for Good Cause, Disability or
Retirement or (b) by the Eligible Employee for Good Reason, the Eligible
Employee shall be entitled to the "Benefits" provided below:

            (i) the Company shall pay each Eligible Employee an amount equal to
         the sum of the amounts specified in subsection (A) or (B) below, as
         applicable, plus the amounts specified in subsections (C), (D) and (E)
         below:

                (A) for those Eligible Employees who have been employed by the
            Company for at least two (2) years as of the Date of Termination, an
            amount determined as follows:

                    (1) if, immediately prior to the Change in Control, the
                Eligible Employee held the title of Chief Executive Officer or
                Chairman of the Board, the sum of (x) the amount equal to
                eighteen (18) months of such Eligible Employee's base salary
                (with such base salary being determined as the highest base
                salary the Eligible Employee shall have received during the two
                (2) years prior to the Change in Control), plus (y) an
                amount equal to the product of such Eligible Employee's monthly
                base salary (as determined above) multiplied by the number of
                years (in excess of one) of such Eligible Employee's
                uninterrupted employment with the Company;

                    (2) if, immediately prior to the Change in Control, the
                Eligible Employee held the title of President or Chief Operating
                Officer, the sum of (x) the amount equal to fifteen (15) months
                of such Eligible Employee's base salary (with such base salary
                being determined as the highest base salary the Eligible
                Employee shall have received during the two (2) years prior to
                the Change in Control), plus (y) an the amount equal to the
                product of twice such Eligible Employee's weekly base salary (as
                determined above) multiplied by the number of years (in excess
                of one) of such Eligible Employee's uninterrupted employment
                with the Company;

                    (3) if, immediately prior to the Change in Control, the
                Eligible Employee held the title of Executive Vice President,
                the sum of (x) the amount equal to twelve (12) months of such
                Eligible Employee's base salary (with such base salary being
                determined as the highest base salary

                                       5
<PAGE>   6
                the Eligible Employee shall have received during the two (2)
                years prior to the Change in Control), plus (y) an amount equal
                to the product of twice such Eligible Employee's weekly base
                salary (as determined above) multiplied by the number of years
                (in excess of one) of such Eligible Employee's uninterrupted
                employment with the Company;

                    (4) if, immediately prior to the Change in Control, the
                Eligible Employee held the title of Senior Vice President, the
                sum of (x) the amount equal to eight (8) months of such Eligible
                Employee's base salary (with such base salary being determined
                as the highest base salary the Eligible Employee shall have
                received during the two (2) years prior to the Change in
                Control), plus (y) an amount equal to the product of twice such
                Eligible Employee's weekly base salary (as determined above)
                multiplied by the number of years (in excess of one) of such
                Eligible Employee's uninterrupted employment with the Company;
                or

                    (5) if, immediately prior to the Change in Control, the
                Eligible Employee held the title of Vice President, the sum of
                (x) the amount equal to four (4) months of such Eligible
                Employee's base salary (with such base salary being determined
                as the highest base salary the Eligible Employee shall have
                received during the two (2) years prior to the Change in
                Control), plus (y) an amount equal to the product of twice such
                Eligible Employee's weekly base salary (as determined above)
                multiplied by the number of years (in excess of one) of such
                Eligible Employee's uninterrupted employment with the Company;
                or

                (B) for those Eligible Employees who have been employed by the
            Company for less than two (2) years as of the Date of Termination,
            an amount determined as follows:

                    (1) if, immediately prior to the Change in Control, the
                Eligible Employee held the title of Chief Executive Officer,
                Chairman of the Board, President, or Chief Operating Officer, an
                amount equal to nine (9) months of such Eligible Employee's base
                salary (with such base salary being determined as the highest
                base salary the Eligible Employee shall have received during the
                two (2) years prior to the Change in Control);

                    (2) if, immediately prior to the Change in Control, the
                Eligible Employee held the title of Executive Vice President, an
                amount equal to six (6) months of such Eligible Employee's base
                salary (with such base salary being determined as the highest
                base salary the Eligible Employee shall have received during the
                two (2) years prior to the Change in Control); or

                    (3) if, immediately prior to the Change in Control, the
                Eligible Employee held the title of Senior Vice President or
                Vice President, an

                                       6
<PAGE>   7

                amount equal to four (4) months of such Eligible Employee's
                base salary (with such base salary being determined as the
                highest base salary the Eligible Employee shall have received
                during the two (2) years prior to the Change in Control); and

                (C) The amount required to reimburse the Eligible Employee on an
            after-tax basis as described in Section 12 hereof for any excise tax
            payable by Employee under Section 4999 of the Internal Revenue Code
            of 1986, as amended (the "Code"), or any successor provision
            thereto, on account of any payment, distribution or other
            compensation to the Eligible Employee hereunder or under any
            employee stock plan or other compensatory arrangement constituting
            (individually or when aggregated with all other such payments,
            distributions and compensation) an "excess parachute payment" as
            defined in Section 280G of the Code, or any successor provision
            thereto; and

                (D) the amount of all legal fees and expenses incurred by the
            Eligible Employee in seeking to obtain or enforce any right or
            Benefit provided by this Plan; and

                (E) an amount sufficient to reimburse the Eligible Employee for
            the premium paid by the Eligible Employee for continued coverage for
            the Eligible Employee (and any dependents of the Eligible Employee
            covered by the Company's healthcare plans at the time the Eligible
            Employee's employment was terminated) under the Company's healthcare
            plan pursuant to "COBRA" (or any other mandatory healthcare
            continuation law then in effect), such coverage then being
            substantially similar to that provided by the Company to its senior
            executives and their eligible dependents. The Eligible Employee will
            be entitled to reimbursement for such coverage for the period
            commencing with the Date of Termination of employment and ending on
            the earlier of (i) the date which is eighteen (18) months after the
            Date of Termination, or (ii) the date the Eligible Employee becomes
            eligible to receive any healthcare coverage from another employer of
            the Eligible Employee or Eligible Employee's spouse, or any
            governmental entity, that does not contain any exclusion or
            limitation with respect to any pre-existing condition of the
            Eligible Employee or Eligible Employee's covered dependents. If the
            Eligible Employee (or the Eligible Employee's dependents covered at
            the time of termination of employment) elects not to continue
            coverage under COBRA (or any other mandatory healthcare continuation
            law then in effect) or is not eligible to continue coverage under
            such healthcare continuation law, and is otherwise eligible under
            this section, the Company will reimburse the Eligible Employee for
            the cost of purchasing substantially similar coverage or a
            supplement required to achieve substantially similar coverage under
            another arrangement approved by the Company for the same period;
            however, such reimbursement shall be limited to the then current
            premium charged to others by the Company for substantially similar
            coverage under COBRA (or other mandatory healthcare continuation law
            then in effect). In the event of the Eligible Employee's death
            following termination giving rise to

                                       7
<PAGE>   8

             the benefit described in this section, but before the expiration of
             such benefits, the Eligible Employee's dependents shall be entitled
             to such benefits; and

            (ii) the Company shall provide the Eligible Employee with reasonable
         outplacement or comparable services.

         For those Eligible Employees who hold the titles of Chief Executive
Officer, Chairman of the Board, President, Chief Operating Officer, or Executive
Vice President, amounts payable pursuant to paragraphs (i)(A) or (B) shall be
paid in equal bi-monthly installments in an amount equal to such Eligible
Employee's last salary at the Date of Termination until the full amount payable
has been paid. No such Eligible Employee shall be required to mitigate the
amount of any payment provided for in paragraphs (i)(A) or (B) by seeking other
employment or otherwise, nor shall the amount of any payment provided for in
paragraphs (i)(A) or (B) be reduced by any compensation earned by such Eligible
Employee as the result of employment by another entity after the Date of
Termination, or otherwise.

         For those Eligible Employees who hold the titles of Senior Vice
President or Vice President, amounts payable pursuant to paragraphs (i)(A) or
(B) shall be paid in equal bi-monthly installments in an amount equal to such
Eligible Employee's last salary at the Date of Termination until the full amount
payable has been paid; provided, however, upon securing other employment, the
Eligible Employee shall only be entitled to the difference, if any, between the
Eligible Employee's new compensation level and the amount of such bi-monthly
installment for the number of months and/or weeks of salary remaining to be paid
pursuant to the provisions of paragraphs (i)(A) or (B). Upon securing other
employment during the time that payments pursuant to paragraphs (i)(A) or (B)
are being made, such Eligible Employee must notify the Company in writing of
such employment and the amount of compensation to be received. Notwithstanding
the above, nothing in this paragraph shall be construed as requiring an Eligible
Employee to mitigate the amount of any payment provided for in paragraphs (i)(A)
or (B) by seeking other employment or otherwise.

         All Benefits to be provided hereunder shall be in addition to any
pension, disability, worker's compensation, other Company benefit plan
distribution, unpaid vacation or other unpaid compensation rights that the
Eligible Employee has at his Date of Termination.

         Notwithstanding anything herein to the contrary, in the event that any
Eligible Employee shall hold two offices that would entitle him to Benefits
hereunder, the Benefits to be received hereunder shall not be cumulative or
duplicative, and such Eligible Employee shall be entitled to receive only the
Benefits associated with the highest office, and specifically shall not receive
Benefits associated with the lower office.

         7. Condition to Receipt of Benefits. Upon the occurrence of any event
which would trigger the payment of Benefits provided for under this Plan, and
prior to the receipt of any such Benefits, an Eligible Employee shall, as of the
Date of Termination and as a condition to the receipt of such Benefits, execute
a release of the Company in the form provided by the Company. In the event an
Eligible Employee does not execute such release or if the Eligible

                                       8
<PAGE>   9

Employee revokes such release within the revocation period, if any, provided in
such release, no Benefits shall be payable under this Plan to such Eligible
Employee.

         8. Term of Agreement. This Plan shall terminate ten (10) years after
the date hereof, unless, prior thereto, a Change in Control shall have occurred.

         9. Successors. The Company will require any successor (whether direct
or indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Company, to expressly
assume and agree to honor this Plan in the same manner and to the same extent
that the Company would be required to so honor if no such succession had taken
place. Failure of the Company to obtain such agreement prior to the
effectiveness of any such succession shall be a violation of this Plan and shall
entitle each Eligible Employee to Benefits from the Company or such successor in
the same amount and on the same terms as the Eligible Employee would be entitled
hereunder if he terminated his employment for Good Reason, except that for
purposes of implementing the foregoing, the date on which any such succession
becomes effective shall be deemed the Date of Termination. As used in this Plan,
the "Company" shall mean the Company hereinbefore defined and any successor to
its business and/or assets as aforesaid which executes and delivers the
agreement provided for in this paragraph 9 or which otherwise becomes bound by
all the terms and provisions of this Plan by operation of law. The Company shall
promptly notify each Eligible Employee of any succession by purchase, merger,
consolidation or otherwise to all or substantially all the business and/or
assets of the Company and shall state whether or not the successor has executed
the agreement required by this paragraph (i) and, if so, shall make a copy of
such agreement available to each Eligible Employee. If the successor shall not
have executed the agreement required by this paragraph (i), the Company shall
promptly notify all Eligible Employees that they are entitled to receive the
Benefits as provided for in this Plan as a result of such failure by the
successor to execute such agreement.

         This Plan shall inure to the benefit of and be enforceable by an
Eligible Employee's personal or legal representatives, executors,
administrators, successors, heirs, distributees, devisees and legatees. If an
Eligible Employee should die while any amount would still be payable to him
hereunder if he had continued to live, all such amounts, unless otherwise
provided herein, shall be paid in accordance with the terms of this Plan to his
devisee, legatee or other designee or, if there be no such designee, to his
estate.

         10. Amendment and Termination. This Plan may be amended or terminated
only by the Committee, which may amend or terminate this Plan in its discretion
without notice. An amendment or termination of this Plan must be signed by an
executive officer of the Company after such amendment or termination has been
approved by the Committee; provided, however, that for a period of one year
following a Change in Control, this Plan may not be amended or terminated.
Notwithstanding the foregoing, no amendment or termination shall affect the
right to any unpaid Benefits of any Eligible Employee whose employment with the
Company terminated prior to the amendment or termination of the Plan.

         11. Withholding of Taxes. The Company shall withhold appropriate
federal, state or local income and employment taxes from any payments hereunder.

                                       9
<PAGE>   10

         12. Reimbursement for Excise Taxes. For purposes of determining the
amount of any payment described in clause (C) of Section 6(i) hereof, the
Eligible Employee shall be deemed to have been reimbursed on an after-tax basis
for any excise tax described therein if the Eligible Employee has received (a)
the amount of such excise tax and (b) the amount of any taxes (including
federal, state and local income taxes as well as any excise tax under Section
4999 of the Code, or any successor provision thereto) payable on account of the
reimbursement for such excise tax and any such income and excise taxes payable
on account of such reimbursement for income and excise taxes. In the event that
the Eligible Employee and the Company fail to agree as to the amount described
in clause (C) of Section 6(i) hereof within ten (10) days following the Date of
Termination, such amount will be determined by a firm of independent accountants
mutually agreed upon by the Eligible Employee and the Company within thirty (30)
days following the Date of Termination. The Company shall reimburse the Eligible
Employee for any additional income and/or excise taxes (and any penalties and
interest thereon) as may be determined to be payable by any taxing authority in
respect of any excise tax imposed under Section 4999 of the Code, or any
successor provision thereto, and any reimbursement described in clause (C) of
Section 6(i) or in this Section 12.

         13. Notice. For the purposes of this Plan, notices and all other
communications provided for in the Plan shall be in writing and shall be deemed
to have been duly given when delivered or mailed by certified or registered
mail, return receipt requested, postage prepaid, addressed: (i) if to an
Eligible Employee, to his latest address as reflected on the Company's
employment records, with a copy to him at his place of employment; and (ii) if
to the Company, to 111 Westwood Place, Suite 200, Brentwood, Tennessee 37027 or
to such other address as the Company may furnish to each Eligible Employee in
writing with specific reference to the Plan and the importance of the notice,
except that notice of change of address shall be effective only upon receipt.

         14. Miscellaneous. After a Change of Control, no rights of any Eligible
Employee under this Plan may be released, modified, waived or discharged by any
Eligible Employee unless such release, waiver, modification or discharge is
agreed to in writing signed by the Eligible Employee and a licensed
attorney-at-law representing such Eligible Employee. No failure to enforce or
waiver by an Eligible Employee at any time of any breach by the Company of, or
non-compliance with, any condition or provision of the Plan to be performed by
the Company shall be deemed a waiver of similar or dissimilar provisions or
conditions at the same or at any prior or subsequent time. This Plan shall not
supersede or in any way limit the rights, duties or obligations the Eligible
Employee may have under any other written agreement with the Company. The
Company expressly waives any right to deny liability hereunder on the basis the
Eligible Employee failed to submit a claim on a timely basis. The validity,
interpretation, construction and performance of this Plan shall be governed by
the laws of the State of Tennessee.

         This Plan shall never be construed or operated in any way as a "pension
plan" within the meaning of the Federal Employee Pension Retirement Income
Security Act of 1974, as amended.

                                       10
<PAGE>   11

         15. Validity. The invalidity or unenforceability of any provision of
the Plan shall not affect the validity or enforceability of any other provision
of this Plan, which shall remain in full force and effect.

                                       11

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