Document:

<PAGE>
                                                                   EXHIBIT 10.27

                  ASSIGNMENT OF AGREEMENT OF PURCHASE AND SALE
                          AND JOINT ESCROW INSTRUCTIONS

                    THE WESTMORELAND COMPANY, INC., AS SELLER
                                       AND
                             SERIES A, LLC, AS BUYER

      ASSIGNOR, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, does hereby assign all of its right, title and
interest in that certain Agreement of Purchase and Sale and Joint Escrow
Instructions ("Purchase Agreement") described herein, to ASSIGNEE and its
successors and assigns. The Purchase Agreement is described as follows:

      DATE OF AGREEMENT: September 15, 2005

      ORIGINAL BUYER: Series A, LLC

      ASSIGNED TO: Cole FE Rockford IL, LLC

      PROPERTY ADDRESS: 3901 Dawes Road, Rockford, IL 61102

      ASSIGNOR acknowledges that it is not released from any and all obligations
or liabilities under said Purchase Agreement with the exception of the earnest
money deposit which is currently in escrow.

      ASSIGNEE hereby agrees to assume and be responsible for all obligations
and liabilities under said Purchase Agreement. This Assignment shall be in full
force and effect upon its full execution.

      Executed this 8th day of December, 2005.

ASSIGNOR:                               ASSIGNEE:

SERIES A, LLC                           COLE FE ROCKFORD IL, LLC

                                        By Cole REIT Advisors II, LLC
By: /S/  John M. Pons                   its Manager
    -------------------------------
    John M. Pons
    Authorized Officer
                                           By: /S/  John M. Pons
                                               ---------------------------
                                               John M. Pons
                                               Senior Vice President
<PAGE>

================================================================================

                         AGREEMENT OF PURCHASE AND SALE
                          AND JOINT ESCROW INSTRUCTIONS

                                 By and Between

                         THE WESTMORELAND COMPANY, INC.

                             an Alabama corporation
                                    as Seller

                                       and

                                  SERIES A, LLC

                      an Arizona limited liability company
                                    as Buyer

                         Dated as of September 15, 2005

                         Re:     FDXG Facility
                                 Rockford, Illinois

================================================================================

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                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                            Page
<S>   <C>                                                                   <C>
1.    Certain Basic Definitions..........................................

2.    Sale of Property; Purchase Price...................................
      2.1      Sale of Property..........................................
      2.2      Purchase Price............................................

3.    Escrow; Closing Conditions.........................................
      3.1      Escrow....................................................
      3.2      Closing Date..............................................
      3.3      Buyer's Conditions to.....................................
      Closing............................................................
      3.4      Approval..................................................
      3.5      Termination...............................................
      3.6      Seller's Conditions to Closing............................
      3.7      Title and Title Insurance.................................
      3.8      Closing Costs and Charges.................................
      3.9      Deposit of Documents and Funds by Seller..................
      3.10     Deposit of Documents and Funds by Buyer...................
      3.11     Delivery of Documents and Funds at Closing................
      3.12     Prorations and Adjustments................................

4.    Reserved...........................................................

5.    Reserved ..........................................................

6.    Commissions........................................................

7.    Damage or Destruction; Condemnation................................

8.    Seller's Representations, Warranties and Covenants.................

9.    Buyer's Representations and Warranties.............................

10.   Default............................................................

11.   Waiver of Trial by Jury............................................

12.   Attorneys' Fees....................................................

13.   Notices............................................................

14.   Amendment; Complete Agreement......................................

15.   Governing Law......................................................
</TABLE>

                                     - i -
<PAGE>

<TABLE>

<S>   <C>                                                                   <C>
16.   Severability.......................................................

17.   Counterparts, Headings, and Defined Terms..........................

18.   Time of the Essence................................................

19.   Waiver.............................................................

20.   Third Parties......................................................

21.   Additional Documents...............................................

22.   Independent Counsel................................................

23.   Condition of Property..............................................

24.   Property "AS IS"...................................................

25.   Governmental Approvals.............................................

26.   Release............................................................

27.   Hazardous Materials................................................

28.   Indemnification....................................................

29.   Assignment.........................................................

30.   Successors and Assigns.............................................

31.   Exhibits...........................................................

32.   No Reservation of Property.........................................

33.   Duty of Confidentiality............................................

34.   Survival...........................................................

35.   1031 Exchange......................................................
</TABLE>

                                     - ii -
<PAGE>

                         AGREEMENT OF PURCHASE AND SALE
                                       AND
                            JOINT ESCROW INSTRUCTIONS

      THIS AGREEMENT OF PURCHASE AND SALE AND JOINT ESCROW INSTRUCTIONS
("Agreement") is made as of this 15 day of September 2005 (the "Effective
Date"), by and between THE WESTMORELAND COMPANY, INC., an Alabama corporation
("Seller"), and SERIES A, LLC, an Arizona limited liability company ("Buyer").

                                R E C I T A L S:

      A Seller desires to sell and Buyer desires to buy the Property (defined
below), subject to satisfaction of the conditions contained herein.

      NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, Buyer and Seller agree as follows:

                                    AGREEMENT

      For purposes of this Agreement, the following terms shall have the
following definitions:

      1     Certain Basic Definitions.

            1.1   "Broker" means:
                  Stan Johnson Company
                  6120 S. Yale Avenue, Suite 813
                  Tulsa, OK 74136
                  Fax No.: (918) 494-2692

            1.2   "Buyer's Address" means:
                  SERIES A, LLC
                  2555 E. Camelback Road, Suite 400
                  Phoenix, AZ 85016
                  Attention: Legal Department
                  Telephone No.: (602) 468-3333
                  Facsimile No.: (602) 778-8767
                  E-Mail: mcocci@colecapital.com

                  With a copy at the same time to:
                  Bennett Wheeler Lytle & Cartwright, PLC
                  3838 N. Central Avenue, Suite 1120
                  Phoenix, AZ 85012
                  Attention: Kevin T. Lytle, Esq.
                  Telephone No.: (602) 445-3434
                  Facsimile No.: (602) 266-9119
                  E-Mail: klytle@bwlclaw.com

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            1.3 "Closing Date" means 12:00 noon Phoenix, Arizona time on or
before November 9, 2005, provided, however, Buyer shall have the right to
designate an earlier date upon providing Seller at least ten (10) business days
prior notice thereof but not prior to September 15, 2005. Buyer may extend the
Closing Date for up to an additional thirty (30) days upon delivery of written
notice to extend the Closing Date to Title Company and to Seller prior to the
original Closing Date and by depositing an additional Fifty Thousand and no/100
Dollars ($50,000.00) of earnest money with Title Company. For purposes of this
Agreement, any additional earnest money deposited with Title Company pursuant to
this Section 1.3 shall be added to and become a part of the Deposit (as defined
below).

            1.4 Reserved.

            1.5 "Deposit" means Seventy-Five Thousand and No/100 Dollars
($75,000.00), to be deposited with the Title Company within five (5) business
days after the execution hereof. The Title Company shall place the Deposit in an
interest-bearing account. The interest which accrues on the Deposit shall be for
the benefit of Buyer in the event that closing does not occur for any reason
other than Buyer's default hereunder and for the benefit of Buyer, to be
credited against the Purchase Price, in the event that closing does occur.
Interest shall only accrue to the benefit of Seller, in the event that Buyer
defaults hereunder.

            1.6 "Due Diligence Period" means 5:00 p.m., MST, on that date which
is thirty (30) days from the later of (i) that date which Seller delivers to
Buyer all of the Due Diligence Items, identified on Exhibit B attached hereto
and made a part hereof, or (ii) that date Title Company acknowledges, by its
execution of the Acceptance By Title Company made a part hereof, its receipt of
this Agreement and its receipt of the Deposit.

            1.7 "Lease" means the lease between Seller and FedEx Ground Package
System, Inc. ("FDXG") dated as of October 25, 1994, as amended, including the
Third Amendment dated March 29, 2005.

            1.8 "Personal Property" means Seller's interest, if any, in any
tangible personal property owned by Seller and located on the Real Property,
together with Seller's interest, if any, in any licenses, permits, warranties,
and guaranties relating to the Property and any intangible property related to
the Real Property, including building name and telephone number.

            1.9 "Property" means (i) the Lease; (ii) the Real Property and (iii)
Personal Property, collectively.

            1.10 "Purchase Price" means the sum of Six Million One Hundred Fifty
Thousand Dollars ($6,150,000).

            1.11 "Real Property" means the improved real property located in
Rockford, Illinois, and more particularly described in Exhibit A attached hereto
and incorporated herein by this reference, together with buildings, structures,
fixtures and other improvements now or hereafter located thereon, and all rights
and appurtenances thereto.

                                       2
<PAGE>

            1.12 "Seller's Address" means:

                  200 Randolph Avenue
                  Huntsville, AL 35801
                  Attention: Mr. Jada Leo
                  Telephone No.: (256) 539-5533
                  Facsimile No.: (256) 539-6024
                  E-mail: jleo@westco.us

                  With a copy at the same time to:

                  Leo & Brooks, LLC
                  200 Randolph Ave, Suite 200
                  Huntsville, AL  35801
                  Attention:  Karl W. Leo
                  Telephone No.: (256) 539-6000
                  Facsimile No.: (256) 539-6024
                  E-mail: kleo@leo-law.com

            1.13 "Title Company" means Lawyers Title Insurance Corporation.

            1.14 "Title Company's Address" means:

                  1850 N. Central Avenue, Suite 300
                  Phoenix, AZ 85004
                  Attention:  Allen Brown
                  Telephone No.: (602) 287-3500
                  Facsimile No.: (602) 263-0433
                  E-mail:  abrown@landam.com

      2. Sale of Property; Purchase Price.

            2.1 Sale of Property. Seller shall sell the Property to Buyer, and
Buyer shall purchase the Property from Seller, for the Purchase Price and
otherwise on the terms and conditions of this Agreement. The Property shall be
sold, granted, conveyed, transferred and assigned by Seller to Buyer by
appropriate instruments, including a Special Warranty Deed, for the Real
Property in the form attached hereto as Exhibit D (the "Deed"), an Assignment
and Assumption of Lease for the Lease in the form attached hereto as Exhibit G
(the "Assignment of Lease"), a Bill of Sale with general warranties as to title
for any Personal Property to be conveyed in the form attached hereto as Exhibit
E (the "Bill of Sale"), as well as other instruments as shall be necessary to
effect the terms of the conveyance herein embodied. The Deed, the Assignment of
Lease and the Bill of Sale shall collectively be referred to herein as the
"Transfer Documents."

            2.2 Purchase Price. The Purchase Price shall be payable as follows:

                  2.2.1 Deposit. On or prior to the fifth (5th) business day
after the date of this Agreement, Buyer shall deliver to the Title Company the
Deposit in the form of a wire transfer or cash or cashier's check drawn on good
and sufficient funds made payable to the order of Title Company. The Deposit
shall, except as set forth in

                                       3
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Section 7 and Section 10.2, be non-refundable and shall either be applied toward
the payment of the Purchase Price on the Close of Escrow or be immediately
delivered by the Title Company to Seller if Seller becomes entitled thereto
under Section 10.1. The Deposit must be held in an interest bearing account with
all interest being for Buyer's benefit. Notwithstanding the foregoing, the
Deposit shall be returned to Buyer if this Agreement is terminated pursuant to
Section 3.5, Section 7 or Section 10.2 or the Close of Escrow does not occur as
a result of the failure of a condition contained in Section 3.3 or breach of
this Agreement by Seller.

                  2.2.2 Balance. Buyer shall deposit into Escrow an amount
("Cash Balance"), in immediately available federal funds equal to the Purchase
Price minus the Deposit and increased or decreased, as appropriate, by the
amount of any credits due or any items chargeable to Buyer under this Agreement.
Buyer shall deposit the Cash Balance into Escrow in the form of immediately
available federal funds no later than 12:00 noon, MST, on the Closing Date such
that Title Company will be in a position to disburse the cash proceeds to Seller
on the Closing Date.

      3. Escrow; Closing Conditions.

            3.1Escrow. Upon the execution of this Agreement by Buyer and Seller,
and the acceptance of this Agreement by the Title Company in writing, this
Agreement shall constitute the joint escrow instructions of Buyer and Seller to
the Title Company to open an escrow ("Escrow") for the consummation of the sale
of the Property to Buyer pursuant to the terms of this Agreement. Upon the Title
Company's written acceptance of this Agreement, the Title Company is authorized
to act in accordance with the terms of this Agreement. Buyer and Seller shall
execute the Title Company's general escrow instructions upon request; provided,
however, that if there is any conflict or inconsistency between such general
escrow instructions and this Agreement, this Agreement shall control. Upon the
Close of Escrow, the Title Company shall pay any sum owed to Seller with
immediately available federal funds.

            3.2 Closing Date. The Escrow shall close ("Close of Escrow") on the
Closing Date, provided that all conditions to the Close of Escrow set forth in
this Agreement have been satisfied or waived by the party intended to be
benefited thereby.

            3.3 Buyer's Conditions to Closing. The Close of Escrow is subject to
and contingent on the satisfaction of the following conditions:

                  3.3.1 Inspection. Buyer's approval of the physical condition,
and all other matters related to, of the Property at Buyer's sole cost and
expense prior to the expiration of the Due Diligence Period. Buyer acknowledges
that prior to the expiration of the Due Diligence Period: (i) Buyer will conduct
such surveys and inspections, and make such boring, percolation, geologic,
environmental and soils tests and other studies of the Property; and (ii) Buyer
will have adequate opportunity to make such inspection of the Property
(including an inspection for zoning, land use, environmental and other laws,
regulations and restrictions) as Buyer has, in Buyer's discretion, deemed
necessary or advisable as a condition precedent to Buyer's purchase of the
Property and to determine the physical, environmental and land use
characteristics of the Property (including, without limitation, its subsurface)
and its suitability for Buyer's intended use. Buyer shall protect, indemnify,
defend and hold

                                       4
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the Property, Seller and Seller's officers, directors, shareholders,
participants, affiliates, employees, representatives, invitees, agents and
contractors free and harmless from and against any and all claims, damages,
liens, liabilities, losses, costs and expenses, including reasonable attorneys'
fees and court costs, directly resulting from Buyer's inspection and testing of
the Property, except those arising from the release of pre-existing
contamination including, except as hereinbefore provided, without limitation,
repairing any and all damages to any portion of the Property, directly resulting
from Buyer's conducting such inspections, surveys, tests, and studies. Buyer
shall keep the Property free and clear of any mechanics' liens or materialmen's
liens related to Buyer's right of inspection and the activities contemplated by
Section 3.3.1 of this Agreement. Buyer's indemnification obligations set forth
herein shall survive the Close of Escrow and shall not be merged with the Deed,
and shall survive the termination of this Agreement and Escrow prior to the
Close of Escrow. It is understood by the parties that, except as set forth in
Section 8.1, Seller does not make any representation or warranty, express or
implied, as to the accuracy or completeness of any information contained in
Seller's files or in the documents produced by Seller, including, without
limitation, any environmental audit or report. Buyer acknowledges that, except
as set forth in Section 8.1, Seller and Seller's affiliates shall have no
responsibility for the contents and accuracy of such disclosures, and Buyer
agrees that the obligations of Seller in connection with the purchase of the
Property shall be governed by this Agreement irrespective of the contents of any
such disclosures or the timing or delivery thereof.

                  3.3.2 Title Policy. The Title Company's commitment to issue
the Buyer's Title Policy complying with the requirements of Section 3.7.2 below;
such commitment to be delivered to the Buyer, along with copies of the documents
referred to therein, within ten (10) business days of the date of this
Agreement.

                  3.3.3 Covenants; Representations and Warranties. Seller having
performed and satisfied all agreements and covenants required hereby to be
performed by Seller prior to or at the Close of Escrow; and all of Seller's
representations and warranties shall be true and correct in all material
respects and they and Seller's covenants shall not have been breached as of the
date of execution hereof and as of the Close of Escrow.

                  3.3.4 Preliminary Report/Survey. Seller shall deliver to Buyer
a copy of Seller's most recent survey (the "Existing Survey") dated April 28,
2005. In addition, Seller shall promptly cause the Existing Survey to be updated
and provide to Buyer not later than five (5) business days prior to the
expiration of the Due Diligence Period an "As-Built" survey (the "Updated
Survey"). To the extent the Updated Survey is not timely delivered, the Due
Diligence Period shall be extended so that it expires five (5) business days
after Buyer's receipt of the Updated Survey. The Updated Survey shall be
prepared in accordance with the quality standards and specifications delivered
by Buyer to Seller contemporaneously with the execution and delivery of this
Agreement. Buyer shall have until the expiration of the Due Diligence Period (as
the same may be extended pursuant to the third sentence of this Section 3.3.4)
to review the Title Commitment and the Updated Survey to specifically state in
writing any objections ("Objections"). Any items appearing in the Title
Commitment or the Updated Survey, which Buyer does not object to within said
time period and any matter to which Buyer waives its objection as set forth in
sub-paragraph (ii) below

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shall be deemed a "Permitted Exception." If Buyer gives written notice of any
Objections, Seller shall, not more than five (5) business days after its receipt
of Buyer's written Objections, advise Buyer which Objections Seller intends to
cure. Seller hereby acknowledges and agrees that it shall use its good faith
efforts to cure any Objections relating to the payment of liens or encumbrances
created by Seller, and may, but shall have no obligation to cure Objections
based on matters other than Seller created liens or encumbrances. Seller's lack
of response shall be deemed Seller's decision not to cure the Objections. Buyer
hereby objects to any deed of trust, mechanics or similar lien filed against the
Property and, to the extent such encumbrances were created by or as a result of
Seller's acts, Seller agrees to cause such encumbrances to be released by Seller
or Seller's lender's at or prior to Closing. If Seller elects to not cure one or
more Objections before Close of Escrow, Buyer shall, within five (5) business
days after its receipt of such notice, notify Seller of Buyer's election to
either (i) terminate this Agreement effective upon giving written notice thereof
to Seller and the Title Company and thereupon, Buyer shall be entitled to the
return of the Deposit and this Agreement and all obligations hereunder shall
thereupon terminate, except those which expressly survive termination; or (ii)
waive the Objections Seller has elected not to cure and consummate the purchase
of the Property subject to such Objections, which shall be included within the
Permitted Exceptions without any abatement or reduction of the Purchase Price.

                  3.3.5 Due Diligence Items. Within five (5) working days from
the date of this Agreement, Seller, at Seller's cost, shall deliver to Buyer, to
Buyer's Address (without copies to Meyer Unkovic & Scott LLP or Investors Real
Estate Agency) the documents and information ("Due Diligence Items") set forth
in Exhibit B attached hereto and incorporated herein by this reference. Buyer
may, at Buyer's cost, make additional copies of all or any part of the Due
Diligence Items. Promptly following any termination of this Agreement by Buyer,
Buyer agrees to return to Seller all Due Diligence Items delivered to Buyer by
Seller and deliver to Seller copies of any engineering, environmental and other
third party reports or surveys obtained or performed by Buyer to the extent such
delivery is permitted by the third party that prepared such report, excluding,
however, any financial projections or analyses of the Property prepared by or
for the account of Buyer and legally related matters. This covenant will survive
the termination of this Agreement.

                  3.3.6 Tenant Estoppel, Subordination, Non-Disturbance and
Attornment Agreement. Seller shall endeavor to secure and deliver to Buyer by
the Close of Escrow, a Subordination, Non-Disturbance and Attornment Agreement
("SNDA") and estoppel certificate ("Estoppel Certificate") for the Lease
consistent with the information provided to Buyer and summarized in Section 8.1
(e) hereof and in the form of Exhibit C attached hereto and incorporated herein
by this reference, or forms reasonably satisfactory to Buyer's lender. Buyer may
terminate this Agreement upon written notice to Seller if, no less than two (2)
business days prior to the Close of Escrow, Seller fails to deliver to Buyer the
required Estoppel Certificate and the SNDA. Buyer's receipt of the Tenant
Estoppel and SNDA is a condition of Closing. At Closing, if any punch list or
incomplete items remain, an amount equal to 125% of the cost to complete such
items as estimated by Seller's General Contractor or design professional (or, if
unavailable, a design professional reasonably acceptable to Seller and selected
and compensated for the preparation of the estimate by Buyer) shall be held in
escrow by the Escrow Agent and released pursuant to an escrow agreement to

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be entered into among Seller, Buyer and Escrow Agent substantially in the form
attached hereto as Exhibit I.

                  3.3.7 Delivery of Transfer Documents. Seller shall deliver to
Title Company, for delivery to Buyer at Close of Escrow, the executed original
Transfer Documents.

                  3.3.8 Reserved.

                  3.3.9 Delivery of Owner's Affidavit. Seller shall endeavor to
deposit with Title Company an executed affidavit of Seller and such other
documentation as may be reasonably required by Title Company to allow for the
deletion of the mechanics' lien exception from the Buyer's Title Policy.
Deletion of the mechanics' lien exception is a condition of Closing.

                  3.3.10 Delivery of Certificate of Occupancy. Seller shall
endeavor to deliver to Buyer of the Certificate of Occupancy for the
improvements on the Real Property not later than ten (10) days prior to the
Close of Escrow. Delivery of the certificate shall be a condition of Closing.

                  3.3.11 Notice to Tenant. Seller shall deposit with Title
Company a letter from Seller to Tenant requesting that future rent under the
Lease be paid to Buyer.

                  3.3.12 Delivery of Personal Property not located on the Real
Property. Seller shall deliver to Buyer an original of the Lease, any permits,
warranties, guaranties and contracts related to the Property.

      If the foregoing conditions have not been satisfied by the specified date
or Close of Escrow as the case may be, then Buyer shall have the right, at
Buyer's sole option, by giving written notice to Seller and Title Company, to
either (i) extend the Close of Escrow for such period of time Buyer believes is
reasonably required for Seller to satisfy the unsatisfied condition or
conditions, or (ii) cancel this Agreement, whereupon the Deposit plus interest
shall be paid immediately by Title Company to Buyer and, except as otherwise
provided in this Agreement, neither of the parties shall have any further
liability or obligation under this Agreement.

            3.4 Reserved.

            3.5 Termination. Buyer has the right, for any or no reason, on or
before the end of the Due Diligence Period (as the same may be extended pursuant
to Section 3.3.4), to deliver Seller written notice that Buyer has elected to
terminate this Agreement. In such event, the Deposit will be returned to Buyer
and the parties will be released from further liability, except that which
expressly survives termination. If Buyer fails to timely deliver such notice,
Buyer will be deemed to have terminated this Agreement. This is an "all or none"
transaction and Buyer has no right to terminate this Agreement except in its
entirety.

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<PAGE>

            3.6 Seller's Conditions to Closing. The obligations of Seller to
consummate the transactions provided for herein are subject to and contingent
upon the satisfaction of the following conditions or the waiver of same by
Seller in writing:

                  3.6.1 Representations and Warranties. All representations and
warranties of Buyer contained in this Agreement shall be true and correct as of
the date made and as of the Close of Escrow with the same effect as though such
representations and warranties were made at and as of the Close of Escrow.

                  3.6.2 Covenants. Buyer shall have performed and satisfied all
agreements and covenants required hereby to be performed by Buyer prior to or at
the Close of Escrow.

            3.7 Title and Title Insurance.

                  3.7.1 Deed. On the Closing Date, Seller shall convey title to
the Property to Buyer by special warranty deed in the form of Exhibit D attached
hereto and incorporated herein by this reference ("Deed"), subject only to the
Permitted Exceptions.

                  3.7.2 Buyer's Title Policy. At the Close of Escrow, the Title
Company shall issue to Buyer an Illinois Standard Coverage Owner's Policy of
Title Insurance ("Buyer's Title Policy") which:

                        a. shall be written with liability in the amount of the
      Purchase Price; and

                        b. shall insure title to the Property, to be vested in
      Buyer free and clear of all liens, claims, encumbrances, reservations,
      restrictions, charges, equities, rights-of-way and exceptions, except for
      the Permitted Exceptions.

                  3.7.3 Survey Coverage. Buyer shall have the right to procure
survey coverage and such other endorsements to Buyer's Title Policy required by
Buyer (the "Endorsements") as long as the issuance of such Endorsements does not
delay or extend the Closing Date. Buyer shall pay for (i) the cost of such
Endorsements, and (ii) for the cost of any other increase in the amount or scope
of title insurance if Buyer elects to increase the amount or scope of title
insurance coverage provided in the Buyer's Title Policy.

            3.8 Closing Costs and Charges.

                  3.8.1 Seller's Costs. Seller shall pay (a) the Title Company's
escrow fees; (b) all expenses and charges incurred in connection with the
discharge of delinquent taxes, if any, which may be required in order for the
Title Company to issue the Buyer's Title Policy in accordance with Section
3.7.2(b) above; (c) the cost to record any lien releases or other instruments,
if any, filed to cure Objections which Seller agreed to cure; (d) Seller's share
of prorations as determined in accordance with Section 3.12; (e) Commissions
payable to Broker; (f) Seller's attorneys' fees; and (g) state and city transfer
and documentary stamp taxes, if any.

                                       8
<PAGE>

                  3.8.2 Buyer's Costs. Buyer shall pay (a) all document
recording charges (except those specifically assumed by Seller); (b) the cost of
the Buyer's Title Policy; (c) any environmental survey, appraisal or other
diligence expenses; (d) the premium for all endorsements to Buyer's Title
Policy; (e) the cost of the Updated Survey; (f) Buyer's attorneys' fees and (g)
Buyer's share of prorations as determined in accordance with Section 3.12.

                  3.8.3 Other Costs. All other costs, if any, shall be
apportioned in the customary manner for real property transactions in the County
where the Real Property is located.

                  3.9 Deposit of Documents and Funds by Seller. Not later than
11:30 a.m., Rockford, Illinois time on the Closing Date, Seller shall deposit
the following items into Escrow, each of which shall be duly executed and
acknowledged by Seller where appropriate:

                  3.9.1 The Deed.

                  3.9.2 Two (2) counterparts of the Assignment and Assumption of
Lease.

                  3.9.3 Two (2) counterparts of the Bill of Sale.

                  3.9.4 A non-foreign affidavit in the form of Exhibit F
attached hereto and incorporated herein by this reference (the "FIRPTA
Certificate").

                  3.9.5 The Original Lease.

                  3.9.6 An executed letter to be supplied by Buyer directing
tenant under the Lease to make future rental payments to Buyer and specifically
attorning to Buyer.

                  3.9.7 A certificate affirming and renewing, as of the Close of
Escrow, all of the representations and warranties set forth in this Agreement.

                  3.9.8 Other documents pertaining to Seller's authority to
record the Deed that may reasonably be required by the Title Company to close
the Escrow in accordance with this Agreement.

                  3.10 Deposit of Documents and Funds by Buyer. Not later than
11:30 a.m., Rockford, Illinois time on the Closing Date, Buyer shall deposit the
following items into Escrow:

                  3.10.1 Reserved.

                  3.10.2 Two (2) counterparts of the Assignment and Assumption
of Lease, duly executed by Buyer.

                                       9
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                  3.10.3 Two (2) counterparts of the Bill of Sale, duly executed
by Buyer; and

                  3.10.4 A certificate affirming and renewing as of the Close of
Escrow, all of the representations and warranties set forth in this Agreement.

                  3.10.5 All other documents as may reasonably be required by
the Title Company to close the Escrow in accordance with this Agreement.

                  3.10.6 As set forth in Section 2.2.2 hereof, the Cash Balance
shall be deposited into escrow by Buyer no later than 12:00 noon, MST, on the
Closing Date.

                  3.11 Delivery of Documents and Funds at Closing. Provided
that all conditions to closing set forth in this Agreement have been satisfied
or, as to any condition not satisfied, waived in writing by the party intended
to be benefited thereby and provided, further, that Buyer has not terminated
this Agreement pursuant to the terms hereof, on the Closing Date the Title
Company shall conduct the closing by recording or distributing the following
documents and funds in the following manner:

                  3.11.1 Recorded Documents. Record the Deed, the Assignment and
Assumption of Lease in the Official Records of the County in which the Real
Property is located;

                  3.11.2 Buyer's Documents. Deliver to Buyer: (a) the original
Buyer's Title Policy; (b) an original fully executed counterpart of the
Assignment and Assumption of Lease; (c) an original fully executed counterpart
of the Bill of Sale; (d) a copy of the original fully executed Deed; (e) an
original fully executed FIRPTA Certificate; and (f) other documents identified
in Section 3.9 hereof.

                  3.11.3 Purchase Price. Deliver to Seller: (a) the Purchase
Price and such other funds, if any, as may be due to Seller by reason of credits
under this Agreement, less all items chargeable to Seller under this Agreement;
(b) copies of the fully executed Assignment and Assumption of Lease and Bill of
Sale, and (c) other documents identified in Section 3.10 hereof.

            3.12 Prorations and Adjustments.

                  3.12.1 General. Any matters set forth below shall be prorated
as of midnight on the day preceding the Close of Escrow. For purposes of
calculating prorations, Buyer shall be deemed to be in title to the Property,
and therefore responsible for the expenses, for the entire day upon which the
Close of Escrow occurs. If, however, Seller fails to receive the Purchase Price
in its account on the Closing Date, such prorations will be adjusted to reflect
Seller as in title through the date preceding the date of such receipt.

                  3.12.2 Rentals. All rents shall be prorated as of midnight on
the day preceding the Close of Escrow.

                                      10
<PAGE>

                  3.12.3 Taxes and Assessments. All real estate taxes and
current installments of assessments affecting the Property are the
responsibility of FDXG under the Lease, shall not be charged to = Seller. Buyer
shall look solely to FDXG under the Lease to recover such taxes.

                  3.12.4 Operating Expenses. All utility service charges for
electricity, heat and air conditioning service, other utilities, elevator
maintenance, common area maintenance, taxes (other than real estate taxes and
income taxes) such as rental taxes, and other expenses affecting the Property
which are payable by Seller and any other costs incurred in the ordinary course
of business or the management and operation of the Property are the
responsibility of FDXG under the Lease and shall not be prorated.

                  3.12.5 Tenant Deposits. There are no tenant deposits to
transfer.

                  3.12.6 Method of Proration. The Title Company shall, with the
assistance of Buyer and Seller, prepare a schedule of tentative prorations prior
to the Closing Date with respect to the Property. Such prorations, if and to the
extent known and agreed upon as of the Close of Escrow, shall be paid by Buyer
to Seller (if the prorations result in a net credit to the Seller) or by Seller
to Buyer (if the prorations result in a net credit to the Buyer) by increasing
or reducing the cash to be paid by Buyer at the Close of Escrow.

      4.    Reserved.

      5.    Reserved.

      6.    Commissions.

            Buyer and Seller each represent and warrant to the other that there
are no commissions, finder's fees or brokerage fees arising out of the
transactions contemplated by this Agreement other than a commission payable by
Seller to Broker pursuant to a separate agreement payable on the Close of Escrow
only. Each party hereto shall indemnify and hold the other harmless from and
against any and all liabilities, claims, demands, damages, costs and expenses,
including, without limitation, reasonable attorneys' fees and court costs, in
connection with claims for any such commissions, finders' fees or brokerage fees
arising out of either party's conduct or the inaccuracy of the foregoing
representations and/or warranties of Buyer.

      7. Damage or Destruction; Condemnation. Seller shall bear the risk of loss
or damage to the Property from the date of this Agreement until the Close of
Escrow. Buyer shall have the right to terminate this Agreement if all or a
material part of the Property is destroyed without fault of Buyer or a material
part of the Property is taken by or subject to a written threat of taking by
eminent domain. Buyer shall give written notice of Buyer's election to either
(i) terminate this Agreement, or (ii) proceed to Closing within five (5)
business days after Buyer receives written notice from Seller of any damage to
or condemnation of the Property which entitles Buyer to terminate this
Agreement. If Buyer does not give such notice, then this Agreement shall be
deemed terminated and of no further force or effect. If Buyer elects to proceed
to Closing,

                                       11
<PAGE>

there shall be no reduction in the Purchase Price, but Seller shall,
at Close of Escrow, assign to Buyer (a) any insurance proceeds paid or payable
with respect to such damage; or (b) the entire award paid or payable with
respect to such condemnation proceeding, whichever is applicable, plus Buyer
will receive a credit for the amount of any insurance deductible. As used
herein, the term "material part of the Property" means any portion of the
Property having a value of $50,000.00 or more, in the aggregate or which would
give FDXG the right to abate rent under the Lease or terminate the Lease. If any
non-material part of the Property is damaged or taken by or subject to potential
or threatened taking by eminent domain without fault of Buyer, Buyer will have
no right to terminate, but Seller will assign any insurance proceeds paid or
payable with respect to such damage to Buyer, plus give Buyer a credit for the
amount of any insurance deductible or the entire condemnation award paid or
payable with respect to such condemnation proceeding.

      8.    Seller's Representations, Warranties and Covenants.

            8.1 Seller represents and warrants to Buyer that as of the date of
this Agreement and as of the Closing Date:

                  (a) Seller is duly organized, validly existing, and in good
standing under the laws of the state of its formation. Seller is duly qualified
and in good standing to do business in the State of Illinois.

                  (b) Seller has the full power and authority to execute,
deliver and perform its obligations under this Agreement.

                  (c) To Seller's Actual Knowledge, there is no pending
condemnation or similar proceeding by any person or entity regarding the
Property.

                  (d) To Seller's Actual Knowledge, there is no pending
litigation or administrative proceedings which could adversely affect title to
the Property or any part thereof or the ability of Seller to perform any of its
obligations hereunder.

                  (e) The Lease is in full force and effect, and has not been
amended or modified, except as may be otherwise disclosed to Buyer in writing.
To the best of Seller's knowledge, information and belief, Seller has performed
and complied with all of its obligations under the Lease other than matters
described in Section 8.4(e) and Seller has received no notice from FDXG under
the Lease alleging or claiming a default of the Seller under the Lease; nor has
Seller received notice from FDXG indicating such tenant is entitled to any
offsets or defenses against the prompt, current payment of rent under the Lease.
To the best of Seller's knowledge, information and belief, FDXG actually
occupies the premises which are the subject of the Lease. No rent under the
Lease has been collected in advance of the current month and there are no
concessions, bonuses, free months' rental, rebates or other matter affecting a
rental for the tenant under the Lease. Except for those matters to be satisfied
at Closing, Seller is the owner of the entire lessor's interest in and to the
Lease and the Lease or the rentals or other sums payable thereunder have not
been assigned or otherwise encumbered.

                  (f) To the Seller's Actual Knowledge, there are no unrecorded

                                       12
<PAGE>

                  leases (other than the Lease), liens or encumbrances which may
affect title to the Property.

                  (g) To Seller's Actual Knowledge, there are no intended public
improvements which will or could result in any charges being assessed against
the Property which will result in a lien upon the Property.

                  (h) To Seller's Actual Knowledge, there is no impending or
contemplated condemnation or taking by inverse condemnation of the Property, or
any portion thereof, by any governmental authorities.

                  (i) Other than this Agreement and contracts which have
terminated, Seller has not entered into and there is not existing any other
agreement, written or oral, under which Seller is or could become obligated to
sell the Property, or any portion thereof, to a third party and Seller will not
enter into nor execute any such agreement without Buyer's prior written consent.

                  (j) Seller has not and will not, without the prior written
consent of Buyer, take any action before any governmental authority having
jurisdiction thereover, the object of which would be to change the present
zoning of or other land-use limitations, upon the Property, or any portion
thereof, or its potential use, and, to Seller's Actual Knowledge after due
inquiry, there are no pending proceedings, the object of which would be to
change the present zoning or other land-use limitations.

                  (k) This transaction will not in any way violate any other
agreements to which Seller is a party.

                  (l) No leasing commissions will be due or owing in connection
with the Lease on or on account of any tenancy or occupancy in effect on the
Close of Escrow.

      By executing and delivering the documents listed in Section 3.9, Seller
shall be deemed to have made all of the foregoing representations and warranties
as of the date hereof and as of Closing. If any of the foregoing shall be found
to be incorrect prior to Closing, Buyer shall be entitled either to waive same
and close this transaction, or terminate this Agreement. In the event Buyer
elects to terminate this Agreement as set forth in the above sentence, Escrow
Agent shall return the Deposit to Buyer and neither party to this Agreement
shall thereafter have any further rights or obligations hereunder (except for
those items which expressly survive termination). As used herein, the term
"Seller's Actual Knowledge" means the actual knowledge of Jada Leo and Karl Leo
(together "the Leos") without any duty of inquiry or investigation. The Leos
have no personal liability under this Agreement and are currently employees of
Seller most likely to know about the matters described in the foregoing
representations. All representations made in this Agreement by Seller shall
survive the execution and delivery of this Agreement and Close of Escrow. Seller
shall and does hereby indemnify against and hold Buyer harmless from any loss,
damage, liability and expense, together with all court costs and attorneys' fees
which Buyer may incur, by reason of any material misrepresentation by Seller or
any material breach of any of Seller's warranties. Seller's indemnity and hold
harmless obligations

                                       13
<PAGE>

shall survive Close of Escrow for a period of twelve (12) months; thereafter,
all claims arising out of the representations and warranties of any kind shall
be barred.

            8.2. Seller shall, on the Close of Escrow, by written certification,
renew and affirm each of the representations set forth in Subparagraphs (a)
through (l) of Section 8.1, which representations shall survive the Close of
Escrow.

            8.3. From and after the date of this Agreement and until the Close
of Escrow, Seller will keep the Property in the same order and condition as it
is as of the date hereof. Seller will be responsible for all operating costs,
bills, charges and liabilities for services rendered prior to the Close of
Escrow and Seller will indemnify Buyer against any such bills, charges and
liabilities.

            8.4 Seller covenants and agrees as follows:

                  (a) After the date of this Agreement, Seller will not enter
into any leases or grant, suffer, or permit any additional encumbrances
affecting title to the Property, without in each case, receiving Buyer's
consent.

                  (b) Seller will continue to operate the Property in accordance
with Seller's current practice, but such covenant does not require Seller to
incur any capital expenditures or make any alterations, repairs or improvements
to the Property, except if an emergency and except as required under the Lease.

                  (c) Seller will advise Buyer promptly of any litigation,
arbitration or administrative hearing concerning or affecting the Property of
which Seller has knowledge or notice.

                  (d) Seller will promptly notify Buyer of any condemnation or
threatened condemnation of the Property or any portion thereof.

                  (e) After Closing, Seller shall at its sole cost and expense
complete the Construction Work as required under the Lease and in accordance
with the plans and specifications attached hereto as Exhibit H. Buyer shall
provide Seller full access to the Property at all times until the Construction
Work is complete. Seller shall cause the construction architect to issue its
completion certificate and shall provide Buyer with all required occupancy
certificates. Seller shall assign to Buyer any unexpired and assignable
warranties Seller receives from manufacturers, contractors or others with
respect to the roof, structure and construction work. If any lien related to the
construction work shall be filed against the Property, Seller shall have sixty
(60) days after notice from Buyer to remove such lien or provide Buyer with
satisfactory security. Seller shall protect, indemnify, defend and hold the
Property, Buyer and Buyer's officers, directors, shareholders, participants,
affiliates, employees, heirs, representatives, invitees, agents and contractors
free and harmless from and against any and all claims, damages, liens,
liabilities, losses, costs and expenses, including reasonable attorneys' fees
and court costs, resulting from the Construction Work. Seller's indemnification
obligations set forth herein shall survive the Close of Escrow.

                                       14
<PAGE>

      9.    Buyer's Representations and Warranties.

            Buyer represents and warrants to Seller that as of the date of this
Agreement and as of the Closing Date:

            9.1 Buyer is duly organized, validly existing, and in good standing
under the laws of the state of its formation.

            9.2 Buyer has full power and authority to execute, deliver and
perform Buyer's obligations under this Agreement.

      10.   Default.

            10.1 LIQUIDATED DAMAGES - DEPOSIT. NOTWITHSTANDING ANYTHING TO THE
CONTRARY CONTAINED IN THIS AGREEMENT, IF BUYER HAS ELECTED TO CONTINUE THIS
AGREEMENT AFTER THE EXPIRATION OF THE DUE DILIGENCE PERIOD (AS THE SAME MAY BE
EXTENDED PURSUANT TO Section 3.3.4) AND IF THE SALE OF THE PROPERTY TO BUYER IS
NOT CONSUMMATED FOR ANY REASON OTHER THAN SELLER'S DEFAULT UNDER THE AGREEMENT
OR BUYER'S EXERCISE OF ITS RIGHT TO TERMINATE THIS AGREEMENT, SELLER SHALL BE
ENTITLED TO RETAIN THE DEPOSIT AS SELLER'S LIQUIDATED DAMAGES. THE PARTIES AGREE
THAT IT WOULD BE IMPRACTICABLE AND EXTREMELY DIFFICULT TO ASCERTAIN THE ACTUAL
DAMAGES SUFFERED BY SELLER AS A RESULT OF BUYER'S FAILURE TO COMPLETE THE
PURCHASE OF THE PROPERTY PURSUANT TO THIS AGREEMENT, AND THAT UNDER THE
CIRCUMSTANCES EXISTING AS OF THE DATE OF THIS AGREEMENT, THE LIQUIDATED DAMAGES
PROVIDED FOR IN THIS SECTION REPRESENT A REASONABLE ESTIMATE OF THE DAMAGES
WHICH SELLER WILL INCUR AS A RESULT OF SUCH FAILURE, PROVIDED, HOWEVER, THAT
THIS PROVISION SHALL NOT WAIVE OR AFFECT SELLER'S RIGHTS AND BUYER'S OBLIGATIONS
UNDER INDEMNITY PROVISIONS OF THIS AGREEMENT. THE PARTIES ACKNOWLEDGE THAT THE
PAYMENT OF SUCH LIQUIDATED DAMAGES IS NOT INTENDED AS A FORFEITURE OR PENALTY,
BUT IS INTENDED TO CONSTITUTE LIQUIDATED DAMAGES TO SELLER.

            10.2 Buyer's Remedies. If Seller breaches this Agreement, Buyer may,
at Buyer's sole option, either: (i) by written notice to Seller and Escrow
Agent, cancel this Agreement whereupon the Earnest Money Deposit plus interest
shall be paid immediately by Escrow Agent to Buyer and, except as otherwise
provided in this Agreement, neither of the Parties shall have any further
liability or obligation hereunder; or (ii) seek specific performance against
Seller in which event COE shall be automatically extended as necessary.
Notwithstanding the foregoing, if specific performance is unavailable as a
remedy to Buyer because of Seller's affirmative acts, Buyer shall be entitled to
pursue all rights and remedies available at law or in equity; provided, however,
that Buyer shall make no claim for exemplary or consequential damages (including
but not limited to loss of tax-free exchange opportunity).

            10.3 No Contesting Liquidated Damages. As material consideration to
each party's agreement to the liquidated damages provisions stated above, each
party hereby agrees to waive any and all rights whatsoever to contest the
validity of the liquidated damage provisions for any reason whatsoever,
including, but not limited to,

                                       15
<PAGE>

that such provision was unreasonable under circumstances existing at the time
this Agreement was made.

      11.   Waiver of Trial by Jury.

            Seller and Buyer, to the extent they may legally do so, hereby
expressly waive any right to trial by jury of any claim, demand, action, cause
of action, or proceeding arising under or with respect to this Agreement, or in
any way connected with, or related to, or incidental to, the dealings of the
parties hereto with respect to this Agreement or the transactions related hereto
or thereto, in each case whether now existing or hereafter arising, and
irrespective of whether sounding in contract, tort, or otherwise. To the extent
they may legally do so, Seller and Buyer hereby agree that any such claim,
demand, action, cause of action, or proceeding shall be decided by a court trial
without a jury and that any party hereto may file an original counterpart or a
copy of this section with any court as written evidence of the consent of the
other party or parties hereto to waiver of its or their right to trial by jury.

      12.   Attorneys' Fees.

            If there is any litigation to enforce any provisions or rights
arising herein in accordance with Section 10.2, the unsuccessful party in such
litigation, as determined by the court, agrees to pay the successful party, as
determined by the court, all costs and expenses, including, but not limited to,
reasonable attorneys' fees incurred by the successful party, such fees to be
determined by the court.

      13.   Notices.

            All notices, demands, approvals, and other communications provided
for in this Agreement shall be in writing and shall be effective upon the
earlier of the following to occur: (a) when delivered to the recipient; or (b)
three (3) business days after deposit in a sealed envelope in the United States
mail, postage prepaid by registered or certified mail, return receipt requested,
addressed to the recipient as set forth herein; or (c) upon transmission if sent
by facsimile as long as confirmation is received and such notice is also sent on
the same day by certified mail, return receipt requested or by overnight
delivery with a nationally recognized delivery service. All notices to Seller
shall be sent to Seller's Address. All notices to Buyer shall be sent to Buyer's
Address, with a copy as provided in Section 1.2. All notices to Title Company
shall be sent to Title Company's Address. The foregoing addresses may be changed
by written notice given in accordance with this Section. If the date on which
any notice to be given hereunder falls on a Saturday, Sunday or legal holiday,
then such date shall automatically be extended to the next business day
immediately following such Saturday, Sunday or legal holiday.

      14.   Amendment; Complete Agreement.

            All amendments and supplements to this Agreement must be in writing
and executed by Buyer and Seller. This Agreement contains the entire agreement
and understanding between Buyer and Seller concerning the subject matter of this
Agreement and supersedes all prior agreements, terms, understandings,
conditions, representations and warranties, whether written or oral, made by
Buyer or Seller

                                       16
<PAGE>

concerning the Property or the other matters which are the subject of this
Agreement. This Agreement has been drafted through a joint effort of the parties
and their counsel and, therefore, shall not be construed in favor of or against
either of the parties.

      15.   Governing Law.

            This Agreement shall be governed by and interpreted in accordance
with the laws of the State of Illinois.

      16.   Severability.

            If any provision of this Agreement or application thereof to any
person or circumstance shall to any extent be invalid or unenforceable, the
remainder of this Agreement (including the application of such provision to
persons or circumstances other than those to which it is held invalid or
unenforceable) shall not be affected thereby (except if same would substantially
alter the economic agreement of the parties herein), and each provision of this
Agreement shall be valid and enforced to the fullest extent permitted by law.

      17.   Counterparts, Headings, and Defined Terms.

            This Agreement may be executed in counterparts, each of which shall
be an original, but all of which together shall constitute one Agreement. The
headings to sections of this Agreement are for convenient reference only and
shall not be used in interpreting this Agreement.

      18.   Time of the Essence.

            Time is of the essence of this Agreement. In the event that any
relevant date under this Agreement shall fall on a Saturday, Sunday or legal
holiday under the laws of the State of Illinois or the United States, then the
date for performance hereunder shall be extended until the next day which is not
a Saturday, Sunday or legal holiday.

      19.   Waiver.

            No waiver by Buyer or Seller of any of the terms or conditions of
this Agreement or any of their respective rights under this Agreement shall be
effective unless such waiver is in writing and signed by the party charged with
the waiver.

      20.   Third Parties.

            This Agreement is entered into for the sole benefit of Buyer and
Seller and their respective permitted successors and assigns. No party other
than Buyer and Seller and such permitted successors and assigns shall have any
right of action under or rights or remedies by reason of this Agreement.

                                       17
<PAGE>

      21.   Additional Documents.

            Each party agrees to perform any further acts and to execute and
deliver such further documents which may be reasonably necessary to carry out
the terms of this Agreement.

      22.   Independent Counsel.

            Buyer and Seller each acknowledge that: (i) they have been
represented by independent counsel in connection with this Agreement; (ii) they
have executed this Agreement with the advice of such counsel; and (iii) this
Agreement is the result of negotiations between the parties hereto and the
advice and assistance of their respective counsel. The fact that this Agreement
was prepared by Seller's counsel as a matter of convenience shall have no import
or significance. Any uncertainty or ambiguity in this Agreement shall not be
construed against Seller because Seller's counsel prepared this Agreement in its
final form.

      23.   Condition of Property.

            Buyer represents and warrants, which representations and warranties
shall survive the Close of Escrow and not be merged with the Deed, that, as
specified in Section 3.3.1 hereof, Buyer has, or shall have inspected and
conducted tests and studies of the Property, and that Buyer is or will be prior
to the Close of Escrow familiar with the general condition of the Property.
Buyer understands and acknowledges that the Property may be subject to
earthquake, fire, floods, erosion, high water table, dangerous underground soil
conditions, hazardous materials and similar occurrences that may alter its
condition or affect its suitability for any proposed use. Seller shall have no
responsibility or liability, except as otherwise expressly set forth herein,
with respect to any such occurrence or condition. Buyer represents and warrants
that, except as otherwise expressly set forth herein, Buyer is acting, and will
act, only upon information obtained by Buyer directly from Buyer's own
inspection of the Property.

      24.   Property "AS IS".

            24.1 No Side Agreements or Representations. No person acting on
behalf of Seller is authorized to make, and by execution hereof, Buyer
acknowledges that no person has made, any representation, agreement, statement,
warranty, guarantee or promise regarding the Property or the transaction
contemplated herein or the zoning, construction, physical condition or other
status of the Property except as may be expressly set forth in this Agreement.
No representation, warranty, agreement, statement, guarantee or promise, if any,
made by any person acting on behalf of Seller which is not contained in this
Agreement will be valid or binding on Seller.

            24.2 "AS IS" CONDITION. AS A MATERIAL PART OF THE CONSIDERATION FOR
THIS AGREEMENT, BUYER AGREES TO ACCEPT THE PROPERTY ON AN "AS IS" AND "WHERE IS"
BASIS, WITH ALL FAULTS, AND WITHOUT ANY REPRESENTATION OR WARRANTY, ALL OF WHICH
SELLER HEREBY DISCLAIMS, EXCEPT FOR THOSE WARRANTIES OF SELLER SET FORTH IN THIS

                                       18
<PAGE>

AGREEMENT. EXCEPT FOR THOSE WARRANTIES OF SELLER SET FORTH IN THIS AGREEMENT, NO
WARRANTY OR REPRESENTATION IS MADE BY SELLER AS TO FITNESS FOR ANY PARTICULAR
PURPOSE, MERCHANTABILITY, DESIGN, QUALITY, CONDITION. BUYER ACKNOWLEDGES THAT
BUYER HAS ENTERED INTO THIS AGREEMENT WITH THE INTENTION OF MAKING AND RELYING
UPON ITS OWN INVESTIGATION OF THE CONDITION OF THE PROPERTY AND THAT BUYER IS
NOT NOW RELYING, AND WILL NOT LATER RELY, UPON ANY REPRESENTATIONS AND
WARRANTIES MADE BY SELLER OR ANYONE ACTING OR CLAIMING TO ACT, BY, THROUGH OR
UNDER OR ON SELLER'S BEHALF CONCERNING THE PROPERTY, EXCEPT THOSE WARRANTIES OF
SELLER SET FORTH IN THIS AGREEMENT. ADDITIONALLY, BUYER AND SELLER HEREBY AGREE
THAT (A) EXCEPT FOR THOSE WARRANTIES OF SELLER SET FORTH IN THIS AGREEMENT,
BUYER IS TAKING THE PROPERTY "AS IS" WITH ALL LATENT AND PATENT DEFECTS AND
THAT, EXCEPT FOR THOSE WARRANTIES OF SELLER SET FORTH IN THIS AGREEMENT, THERE
IS NO WARRANTY BY SELLER THAT THE PROPERTY IS FIT FOR A PARTICULAR PURPOSE, (B)
EXCEPT FOR THOSE WARRANTIES OF SELLER SET FORTH IN THIS AGREEMENT, BUYER IS
SOLELY RELYING UPON ITS EXAMINATION OF THE PROPERTY, AND (C) BUYER TAKES THE
PROPERTY UNDER THIS CONTRACT UNDER THE EXPRESS UNDERSTANDING THAT THERE ARE NO
EXPRESS OR IMPLIED WARRANTIES (EXCEPT FOR THE LIMITED WARRANTIES OF TITLE SET
FORTH IN THE DEED AND THOSE WARRANTIES OF SELLER SET FORTH IN THIS AGREEMENT).

      25.   Governmental Approvals.

            Nothing contained in this Agreement shall be construed as
authorizing Buyer to apply for a zoning change, variance, subdivision map, lot
line adjustment or other discretionary governmental act, approval or permit with
respect to the Property prior to the Close of Escrow, and Buyer agrees not to do
so without Seller's prior written approval, which approval may be withheld in
Seller's sole and absolute discretion. Buyer agrees not to submit any reports,
studies or other documents, including, without limitation, plans and
specifications, impact statements for water, sewage, drainage or traffic,
environmental review forms, or energy conservation checklists to any
governmental agency, or any amendment or modification to any such instruments or
documents prior to the Close of Escrow unless first approved by Seller, which
approval Seller may withhold in Seller's sole discretion. Buyer's obligation to
purchase the Property shall not be subject to or conditioned upon Buyer's
obtaining any variances, zoning amendments, subdivision maps, lot line
adjustment, or other discretionary governmental act, approval or permit.

      26.   Reserved.

      27.   Reserved.

      28.   Reserved.

      29. Assignment. Buyer shall not assign this Agreement without Seller's
prior written consent, which consent may be withheld in Seller's sole and
absolute discretion, provided that Buyer may, without Seller's consent, assign
this Agreement

                                       19
<PAGE>

to an entity controlled by or under common control with Buyer, as long as (a)
Buyer notifies Seller at least five (5) business days prior to the Closing Date
of such assignment; and (b) delivers to Seller an assumption agreement which
provides that Buyer will remain liable hereunder notwithstanding such
assignment. Any purported assignment in violation of the terms of this Agreement
shall be void.

      30. Successors and Assigns. This Agreement shall be binding upon and inure
to the benefits of the heirs, successors and assigns of the parties hereto.

      31. Exhibits. Each reference to a Section or Exhibit in this Agreement
shall mean the sections of this Agreement and the exhibits attached to this
Agreement, unless the context requires otherwise. Each such exhibit is
incorporated herein by this reference.

      32. No Reservation of Property. The preparation and/or delivery of
unsigned drafts of this Agreement shall not create any legally binding rights in
the Property and/or obligations of the parties, and Buyer and Seller acknowledge
that this Agreement shall be of no effect until it is duly executed by both
Buyer and Seller.

      33. Duty of Confidentiality. Buyer and Seller represent and warrant that
each shall keep all information and/or reports obtained from the other, or
related to or connected with the Property, the other party, or this transaction,
confidential and will not disclose any such information to any person or entity
without obtaining the prior consent of the other party, which consent shall not
be unreasonably withheld, conditioned or delayed, provided each party may
disclose such information to its agents, contractors, engineers, accountants,
attorneys, investors and lenders as long as such parties agree to maintain the
confidentiality thereof.

      34. Survival. Unless otherwise specifically set forth in this Agreement,
none of the representations, warranties or indemnities set forth herein shall
survive the Close of Escrow. As to any representations, warranties or
indemnities set forth herein which expressly survive the Close of Escrow no
lawsuit may be filed or claim made unless filed or made on or before the second
(2nd) anniversary of the Closing Date.

      35. 1031 Exchange. Seller may, at Seller's option, elect to structure this
transaction as a "like-kind" exchange under Section 1031 of the Internal Revenue
Code of 1986, as amended. In such event, Buyer agrees to reasonably cooperate
with Seller in so structuring this transaction, including execution of
appropriate assignments and other documents at the Closing. Buyer will not,
however, be required to incur any additional costs or assume any additional
liabilities unless reimbursed by Seller. Further, the Closing Date may not be
postponed solely to effectuate such exchange unless otherwise agreed by Buyer
and Seller.

            Buyer may, at Buyer's option, elect to structure this transaction as
a "like-kind" exchange under Section 1031 of the Internal Revenue Code of 1986,
as amended. In such event, Seller agrees to reasonably cooperate with Buyer in
so structuring this transaction, including execution of appropriate assignments
and other documents at the Closing. Seller will not, however, be required to
incur any additional costs or assume any additional liabilities unless
reimbursed by Buyer.

                                       20
<PAGE>

Further, the Closing Date may not be postponed solely to effectuate such
exchange unless otherwise agreed by Buyer and Seller.

                                       21
<PAGE>

                               SIGNATURE PAGE FOR
                     REAL ESTATE PURCHASE AND SALE AGREEMENT

EXECUTED on the date(s) set forth next to the signatures of Seller and Buyer
below.

SELLER:

THE WESTMORELAND COMPANY, INC., AN ALABAMA CORPORATION

By: /S/  Jada R. Leo
    -----------------------
    Jada R. Leo

Its: President

Date of Seller's Signature: 9/14/05

BUYER:

SERIES A, LLC, AN ARIZONA LIMITED LIABILITY COMPANY

By: /S/  John M. Pons
    -----------------------
    John M. Pons
Its: Authorized Officer

Date of Buyer's Signature: 9/12/05

                                       22
<PAGE>

                           ACCEPTANCE BY TITLE COMPANY

      The Title Company acknowledges receipt of the foregoing Agreement,
together with the $75,000 Deposit, and accepts the instructions contained
therein.

Dated: September 19, 2005

                                             LAWYERS TITLE INSURANCE CORPORATION

                                             By: /S/  Allen S. Brown
                                                 -------------------------------

                                             Name: Allen S. Brown

                                             Title: Accounts Administrator

                                       23
<PAGE>

                                  EXHIBIT LIST

<TABLE>
<CAPTION>

<S>               <C>
EXHIBIT "A"       Legal Description

EXHIBIT "B"       Due Diligence Items

EXHIBIT "C"       Tenant Estoppel, Subordination, Non-Disturbance and
                   Attornment Agreement

EXHIBIT "D"       Special Warranty Deed

EXHIBIT "E"       Bill of Sale

EXHIBIT "F"       FIRPTA Certificate

EXHIBIT "G"       Assignment and Assumption of Lease

EXHIBIT "H"       Construction Work

EXHIBIT "I"       Post-Closing Holdback/Escrow Agreement
</TABLE><PAGE>

                                                                   EXHIBIT 10.28

                                                                FEDEX - ROCKFORD
                                                             LOAN NO. 50-2853685

                                 PROMISSORY NOTE

$4,920,000.00                                                   December 9, 2005

      FOR VALUE RECEIVED, the undersigned, COLE FE ROCKFORD IL, LLC, a Delaware
limited liability company ("Maker"), having an address at 2555 East Camelback
Road, Suite 400, Phoenix, Arizona 85016, promises to pay to the order of
WACHOVIA BANK, NATIONAL ASSOCIATION, a national banking association ("Payee"),
at the office of Payee at Commercial Real Estate Services, 8739 Research Drive
URP - 4, NC 1075, Charlotte, North Carolina 28262, or at such other place as
Payee may designate to Maker in writing from time to time, the principal sum of
FOUR MILLION NINE HUNDRED TWENTY THOUSAND AND NO/100 DOLLARS ($4,920,000.00),
together with interest on so much thereof as is from time to time outstanding
and unpaid, from the date of the advance of the principal evidenced hereby and
as allocated to Fixed Rate Tranche A and Floating Rate Tranche B (as each term
is hereinafter defined) for each such tranche, at the Note Rate (as hereinafter
defined), together with all other amounts due hereunder or under the other Loan
Documents (as defined herein), in lawful money of the United States of America,
which shall at the time of payment be legal tender in payment of all debts and
dues, public and private.

                        ARTICLE I -- TERMS AND CONDITIONS

      1.1 Definitions. The following terms, as used in this Note, shall have the
following meanings, which meanings shall be applicable equally to the singular
and the plural of the terms defined:

            (a) "Business Day" shall mean a day of the year on which banks are
not required or authorized to close in Charlotte, North Carolina.

            (b) "Determination Date" shall mean a date on which the LIBOR-Based
Rate shall be selected as the applicable interest rate in respect of Floating
Rate Tranche B, which date shall be the day that is two (2) London Business Days
prior to the commencement of an Interest Period or, with respect to the first
Interest Period, the date the Loan shall be advanced by Payee.

            (c) "Extended Maturity Date" shall mean December 11, 2030.

            (d) "Fixed Rate Tranche A" shall mean Three Million Nine Hundred
Ninety-Eight Thousand and No/100 Dollars ($3,998,000.00) of the aggregate amount
of the Loan which shall bear interest as set forth in Section 1.3 hereof.

            (e) "Floating Rate Tranche B" shall mean Nine Hundred Twenty-Two
Thousand and No/100 Dollars ($922,000.00) of the aggregate amount of the Loan
which shall bear interest at the LIBOR-Based Rate (as hereinafter defined).

            (f) "Interest Period" shall mean initially, the period commencing on
the date hereof and ending on and including the day of the tenth (10th) day of
the calendar month

<PAGE>

following the date of this Note, unless principal is advanced on the tenth
(10th) of a month, in which case the first Interest Period shall consist only
such tenth (10th) day. Each Interest Period thereafter shall commence on the
eleventh (11th) day of each calendar month during the term of this Note and
shall end on and include the tenth (10th) day of the next occurring calendar
month. Interest shall accrue from the date on which funds are advanced hereunder
(regardless of the time of day) through and including the day on which funds are
credited pursuant to Section 1.4 hereof.

            (g) "LIBOR-Based Rate" shall mean (i) for the first Interest Period,
an interest rate per annum equal to six and thirty-two one-hundredths percent
(6.32%) and (ii) for each succeeding Interest Period until Floating Rate Tranche
B is satisfied, an interest rate per annum equal at all times to two hundred
(200) basis points above the one-month LIBOR, in each case as determined by
Payee prior to the commencement of each Interest Period.

            (h) "LIBOR" shall mean with respect to each day during each Interest
Period, the rate for U.S. dollar deposits of that many months maturity as
reported on Telerate page 3750 as of 11:00 a.m., London time, on the second
London Business Day before the relevant Interest Period begins (or if not so
reported, then as determined by Payee from another recognized source or
interbank quotation), rounded up to the nearest one-eighth of one percent
(1/8%).

            (i) "Loan" shall mean that certain loan made by Payee to Maker in
respect of the Property which is evidenced by this Note and secured by, among
other things, the Security Instrument and all other Loan Documents.

            (j) "Loan Documents" shall mean the Security Instrument, this Note
and all other documents now or hereafter evidencing, securing, guarantying,
modifying or otherwise relating to the indebtedness evidenced hereby.

            (k) "London Business Day" shall mean a day of the year on which
dealings in United States dollars are carried on in the London interbank market
and banks are not required or authorized to close in London or in New York, New
York.

            (l) "Maturity Date" shall mean December 11, 2010.

            (m) "Monthly Payment Amount" shall mean the sum of (A) from and
including the First Payment Date through the Maturity Date, an amount equal to
the interest payable under this Note on the portion allocated as Fixed Rate
Tranche A at the Fixed Interest Rate in the amounts for each such Payment Date
set forth on Annex 1 attached hereto and incorporated herein by this reference
or as provided by Payee to Maker in connection with the initial Fixed Interest
Rate Interest Period, plus (B) through and until Floating Rate Tranche B is
satisfied, an amount equal to the interest payable under this Note on the
portion allocated as Floating Rate Tranche B at the LIBOR-Based Rate pursuant to
the provisions of Section 1.2 hereof. Annex 1 is for reference purposes only and
any payment incorrectly referenced thereon or omitted therefrom shall not limit
or reduce Maker's obligations for actual amounts due under this Note in
accordance with its payment terms, and Maker agrees that Payee may substitute a
replacement Annex 1 in the event the attached does not accurately reflect
Maker's scheduled payment obligations.

            (n) "Optional Prepayment Date" shall mean December 11, 2010.

                                        2

<PAGE>

            (o) "Optional Prepayment Determination Date" shall mean October 11,
2010.

            (p) "Security Instrument" shall mean that certain mortgage, deed of
trust or deed to secure debt and security agreement from Maker for the benefit
of Payee, dated of even date herewith, covering property located in Winnebago
County, Illinois.

      Each of the capitalized terms not otherwise defined in this Note shall
have the respective meaning ascribed to it in the Security Instrument of even
date herewith from Maker to Payee.

      1.2 LIBOR-Based Rate; Pay-Down Date. (a) From the date of the advance of
the principal evidenced hereby through the Pay-Down Date (as hereinafter
defined) for Floating Rate Tranche B, Floating Rate Tranche B shall bear
interest at the LIBOR-Based Rate. The LIBOR-Based Rate shall remain in effect,
subject to the provisions hereof, from and including the first day of the
Interest Period to and excluding the last day of the Interest Period for which
it is determined.

            (b) If requested by Payee, Maker shall immediately confirm the
LIBOR-Based Rate and the duration of the applicable Interest Period by
acknowledging receipt of a written confirmation of the LIBOR-Based Rate and
Interest Period delivered by Payee to Maker. Only one Interest Period may be in
effect at any given time.

            (c) Without limiting the effect of any other provision of this Note,
Maker shall pay to Payee on the last day of each and every Interest Period, so
long as and to the extent that Payee (or its source of funds) may directly or
indirectly be required to maintain reserves against "Eurocurrency liabilities"
under Federal Reserve Regulation D (as at any time amended), additional interest
(as determined by Payee and disclosed to Maker) for each such Interest Period at
an interest rate per annum equal, at all times during such Interest Period for
the principal balance of Floating Rate Tranche B, to the excess of (i) the rate
obtained by dividing LIBOR for such Interest Period by a percentage equal to
100% minus the reserve percentage applicable during such Interest Period under
regulations issued from time to time by the Board of Governors of the Federal
Reserve System (or if more than one such percentage is so applicable, minus the
daily average of such percentages for those days in such Interest Period during
which any such percentage shall be so applicable) for determining the maximum
reserve requirement (including, without limitation, any marginal reserve
requirement) for Payee (or its source of funds) in respect of liabilities or
assets consisting of or including "Eurocurrency liabilities" under Federal
Reserve Regulation D (as at any time amended) having a term equal to such
Interest Period over (ii) LIBOR for such Interest Period. Terms used in
Regulation D shall have the same meanings when used herein. Each such
determination made by Payee and each such notification by Payee to Maker under
this subparagraph of the amount of additional interest payable hereunder shall
be conclusive as to the matters set forth therein.

            (d) In addition to the payment of interest and fees as aforesaid,
Maker shall, from time to time, upon demand by Payee pay to Payee amounts as
shall be sufficient to compensate Payee for (i) any loss, cost, fee, breakage or
other expense incurred or sustained directly or indirectly by reason of the
liquidation or reemployment of deposits or other funds acquired by Payee to fund
or maintain Floating Rate Tranche B during any Interest Period as a result of
any prepayment of Floating Rate Tranche B or any portion thereof or any attempt
by

                                        3

<PAGE>

Maker to rescind the selection of the LIBOR-Based Rate as the applicable
interest rate for Floating Rate Tranche B and (ii) any increased costs incurred
by Payee, by reason of:

            (x) taxes (or the withholding of amounts for taxes) of any nature
      whatsoever, including, without limitation, income, excise and interest
      equalization taxes (other than United States or state income taxes) as
      well as all levies, imports, duties, or fees whether now in existence or
      as the result of a change in, or promulgation of, any treaty, statute or
      regulation or interpretation thereof, or any directive, guideline or
      otherwise, by a central bank or fiscal authority or any other entity
      (whether or not having the force of law) or a change in the basis of, or
      time of payment of, such taxes and other amounts resulting therefrom;

            (y) any reserve or special deposit requirements against or with
      respect to assets or liabilities or deposits outstanding under LIBOR
      (including, without limitation, those imposed under the Monetary Control
      Act of 1978) currently required by, or resulting from a change in, or the
      promulgation of, such requirements by treaty, statute, regulation,
      interpretation thereof, or any directive, guidelines, or otherwise by a
      central bank or fiscal authority (whether or not having the force of law);
      and

            (z) any other costs resulting from compliance with treaties,
      statutes, regulations, interpretations or any directives or guidelines or
      otherwise, promulgated by or of a central bank or fiscal authority or
      other entity with similar authority (whether or not having the force of
      law).

A certificate as to the amount of any such costs prepared by Payee, signed by an
authorized officer of Payee and submitted to Maker shall be conclusive as to the
matters therein set forth.

      (e) The selection at any time of an interest rate based upon LIBOR shall
be expressly conditioned upon the existence of an adequate and fair means of
determining LIBOR and the absence of any legal prohibition against the charging
of interest based on LIBOR.

      (f) On or prior to March 10, 2006 (the "Pay-Down Date"), Maker shall fully
prepay the principal balance of this Note allocated as Floating Rate Tranche B.
Floating Rate Tranche B shall not be deemed to have been paid and/or satisfied
in full until all such additional costs, in addition to the principal balance
thereof and all interest thereon and all other sums due and payable under the
Loan Documents in regards to Floating Rate Tranche B, shall have been paid.

      1.3 Note Rate; Computation of Interest. The term "Note Rate" as used in
this Note shall mean (a) for Fixed Rate Tranche A, from the date of this Note
through but not including the Optional Prepayment Date, a rate per annum equal
to five and sixty-one one-hundredths percent (5.61%) (the "Fixed Interest
Rate"), (b) for Floating Rate Tranche B, from the date of this Note through the
Pay-Down Date and satisfaction of Floating Rate Tranche B, a rate per annum
equal to the LIBOR-Based Rate, and (c) from the Optional Prepayment Date through
and including the date this Note is paid in full, a rate per annum equal to the
greater of (i) the Fixed Interest Rate plus two (2%) percent or (ii) the
Treasury Constant Maturity Yield Index (as hereinafter defined) plus two (2%)
percent ((i) or (ii), as applicable, the "Revised Interest Rate"). Interest
shall be computed hereunder based on a 360-day year and based on the actual
number of days elapsed for

                                        4

<PAGE>

any period in which interest is being calculated. For purposes of this Section
1.3, the term "Treasury Constant Maturity Yield Index" shall mean the average
yield for "This Week" as reported by the Federal Reserve Board in Federal
Statistical Release H.15 (519) published during the second full week preceding
the Optional Prepayment Date for instruments having a maturity coterminous with
the remaining term of this Note. If there is no Treasury Constant Maturity Yield
Index for instruments having a maturity coterminous with the remaining term of
this Note, then the index shall be equal to the weighted average yield to
maturity of the Treasury Constant Maturity Yield Indices with maturities next
longer and shorter than such remaining average life to maturity, calculated by
averaging (and rounding upward to the nearest whole multiple of 1/100 of 1% per
annum, if the average is not such a multiple) the yields of the relevant
Treasury Constant Maturity Yield Indices (rounded, if necessary, to the nearest
1/100 of 1% with any figure of 1/200 of 1% or above rounded upward). If such
Release is not available or no longer published, Payee may refer to another
recognized source of financial market information.

      1.4 Payment of Principal and Interest. Payments in federal funds
immediately available at the place designated for payment received by Payee
prior to 2:00 p.m. local time on a day on which Payee is open for business at
said place of payment shall be credited prior to close of business, while other
payments, at the option of Payee, may not be credited until immediately
available to Payee in federal funds at the place designated for payment prior to
2:00 p.m. local time on a day on which Payee is open for business. Interest only
shall be payable in consecutive monthly installments of the Monthly Payment
Amount, beginning on January 11, 2006 (the "First Payment Date"), and continuing
on the eleventh (11th) day of each and every calendar month thereafter (each, a
"Payment Date"). On the Maturity Date or the Optional Prepayment Date, the
entire outstanding principal balance hereof, together with all accrued but
unpaid interest thereon, shall be due and payable in full provided, however,
that in the event that such amounts are not paid on such date, the Maturity Date
shall be extended to the Extended Maturity Date. In computing the number of days
during which interest accrues, the day on which funds are initially advanced
shall be included regardless of the time of day such advance is made, and the
day on which funds are repaid shall be included unless repayment is credited
prior to close of business. Payments in federal funds immediately available in
the place designated for payment received by Payee prior to 2:00 p.m. local time
on a Business Day at said place of payment shall be credited prior to close of
business, while other payments, at the option of Payee, may not be credited
until immediately available to Payee in federal funds in the place designated
for payment prior to 2:00 p.m. local time at said place of payment on a Business
Day.

      1.5 Application of Payments. So long as no Event of Default (as
hereinafter defined) exists hereunder or under any other Loan Document, each
such monthly installment shall be applied, prior to the Optional Prepayment
Date, first, to any amounts hereafter advanced by Payee hereunder or under any
other Loan Document, second, to any late fees and other amounts payable to
Payee, third, to the payment of accrued interest and last to reduction of
principal, and from and after the Optional Prepayment Date, as provided in
Section 2.2 of this Note.

      1.6 Payment of "Short Interest". If the advance of the principal amount
evidenced by this Note is made on a date on or after the first (1st) day of a
calendar month and prior to the eleventh (11th) day of a calendar month, Maker
shall pay to Payee contemporaneously with the execution hereof interest at the
Note Rate for a period from the date hereof through and including

                                        5

<PAGE>

the tenth (10th) day of this calendar month. If the advance of the principal
amount evidenced by this Note is made on a date after the eleventh (11th) day of
a calendar month and prior to or on the last day of a calendar month, Maker
shall pay to Payee contemporaneously with the execution hereof interest at the
Note Rate for a period from the date hereof through and including the tenth
(10th) day of the immediately succeeding calendar month.

      1.7 Prepayment; Defeasance.

      (a) This Note may not be prepaid, in whole or in part (except as otherwise
specifically provided herein), at any time prior to the Optional Prepayment
Date. In the event that Maker wishes to have the Security Property (as
hereinafter defined) released from the lien of the Security Instrument prior to
the Optional Prepayment Date, Maker's sole option shall be a Defeasance (as
hereinafter defined) upon satisfaction of the terms and conditions set forth in
Section 1.7(d) hereof. This Note may be prepaid in whole but not in part without
premium or penalty on any of the three (3) Payment Dates occurring immediately
prior to the Maturity Date provided (i) written notice of such prepayment is
received by Payee not more than ninety (90) days and not less than thirty (30)
days prior to the date of such prepayment, and (ii) such prepayment is
accompanied by all interest accrued hereunder through and including the date of
such prepayment and all other sums due hereunder or under the other Loan
Documents. If, upon any such permitted prepayment on any of the three (3)
Payment Dates occurring immediately prior to the Maturity Date, the aforesaid
prior written notice has not been timely received by Payee, there shall be due a
prepayment fee equal to, an amount equal to the lesser of (i) thirty (30) days'
interest computed at the Note Rate on the outstanding principal balance of this
Note so prepaid and (ii) interest computed at the Note Rate on the outstanding
principal balance of this Note so prepaid that would have been payable for the
period from, and including, the date of prepayment through the Maturity Date of
this Note as though such prepayment had not occurred.

      (b) If, prior to the fourth (4th) anniversary of the First Payment Date
(the "Lock-out Expiration Date"), the indebtedness evidenced by this Note shall
have been declared due and payable by Payee pursuant to Article III hereof or
the provisions of any other Loan Document due to a default by Maker, then, in
addition to the indebtedness evidenced by this Note being immediately due and
payable, there shall also then be immediately due and payable a sum equal to the
interest which would have accrued on the principal balance of this Note at the
Note Rate from the date of such acceleration to the Lock-out Expiration Date,
together with a prepayment fee in an amount equal to the Yield Maintenance
Premium (as hereinafter defined) based on the entire indebtedness on the date of
such acceleration. If such acceleration is on or following the Lock-out
Expiration Date, the Yield Maintenance Premium shall also then be immediately
due and payable as though Maker were prepaying the entire indebtedness on the
date of such acceleration. In addition to the amounts described in the two
preceding sentences, in the event of any such acceleration or tender of payment
of such indebtedness occurs or is made on or prior to the first (1st)
anniversary of the date of this Note, there shall also then be immediately due
and payable an additional prepayment fee of three percent (3%) of the principal
balance of this Note. The term "Yield Maintenance Premium" shall mean an amount
equal to the greater of (A) two percent (2.0%) of the principal amount being
prepaid, and (B) the present value of a series of payments each equal to the
Payment Differential (as hereinafter defined) and payable on each

                                       6

<PAGE>

Payment Date over the remaining original term of this Note and on the Maturity
Date, discounted at the Reinvestment Yield (as hereinafter defined) for the
number of months remaining as of the date of such prepayment to each such
Payment Date and the Maturity Date. The term "Payment Differential" shall mean
an amount equal to (i) the Note Rate less the Reinvestment Yield, divided by
(ii) twelve (12) and multiplied by (iii) the principal sum outstanding under
this Note after application of the constant monthly payment due under this Note
on the date of such prepayment, provided that the Payment Differential shall in
no event be less than zero. The term "Reinvestment Yield" shall mean an amount
equal to the lesser of (i) the yield on the U.S. Treasury issue (primary issue)
with a maturity date closest to the Maturity Date, or (ii) the yield on the U.S.
Treasury issue (primary issue) with a term equal to the remaining average life
of the indebtedness evidenced by this Note, with each such yield being based on
the bid price for such issue as published in the Wall Street Journal on the date
that is fourteen (14) days prior to the date of such prepayment set forth in the
notice of prepayment (or, if such bid price is not published on that date, the
next preceding date on which such bid price is so published) and converted to a
monthly compounded nominal yield. In the event that any prepayment fee is due
hereunder, Payee shall deliver to Maker a statement setting forth the amount and
determination of the prepayment fee, and, provided that Payee shall have in good
faith applied the formula described above, Maker shall not have the right to
challenge the calculation or the method of calculation set forth in any such
statement in the absence of manifest error, which calculation may be made by
Payee on any day during the fifteen (15) day period preceding the date of such
prepayment. Payee shall not be obligated or required to have actually reinvested
the prepaid principal balance at the Reinvestment Yield or otherwise as a
condition to receiving the prepayment fee.

      (c) Partial prepayments of this Note shall not be permitted, except for
(i) partial prepayments resulting from Payee's election to apply insurance or
condemnation proceeds to reduce the outstanding principal balance of this Note
as provided in the Security Instrument, in which event no prepayment fee or
premium shall be due unless, at the time of either Payee's receipt of such
proceeds or the application of such proceeds to the outstanding principal
balance of this Note, an Event of Default shall have occurred, which Event of
Default is unrelated to the applicable casualty or condemnation, in which event
the applicable prepayment fee or premium shall be due and payable based upon the
amount of the prepayment or (ii) any partial prepayment required on or prior to
the Pay-Down Date pursuant to Section 1.2(f) above, in which event no prepayment
fee or premium shall be due. No notice of prepayment shall be required under the
circumstances specified in subclause (i) of the preceding sentence. No principal
amount repaid may be reborrowed. Any such partial prepayments of principal under
subclause (i) above shall be applied to the unpaid principal balance evidenced
hereby but such application shall not reduce the amount of the fixed monthly
installments required to be paid pursuant to Section 1.4 above. Except as
otherwise expressly provided herein, the prepayment fees provided above shall be
due, to the extent permitted by applicable law, under any and all circumstances
where all or any portion of this Note is paid prior to the Maturity Date,
whether such prepayment is voluntary or involuntary, including, without
limitation, if such prepayment results from Payee's exercise of its rights upon
Maker's default and acceleration of the Maturity Date of this Note (irrespective
of whether foreclosure proceedings have been commenced), and shall be in
addition to any other sums due hereunder or under any of the other Loan
Documents. No tender of a prepayment of this Note

                                        7

<PAGE>

with respect to which a prepayment fee is due shall be effective unless such
prepayment is accompanied by the applicable prepayment fee.

      (d) (i) On any Payment Date on or after the later to occur of (x) the
      Lock-out Expiration Date, and (y) the day immediately following the date
      which is two (2) years after the "startup day," within the meaning of
      Section 860G(a)(9) of the Internal Revenue Code of 1986, as amended from
      time to time or any successor statute (the "Code"), of a "real estate
      mortgage investment conduit," within the meaning of Section 860D of the
      Code, that holds this Note, and provided no Event of Default has occurred
      hereunder or under any of the other Loan Documents, at Maker's option,
      Payee shall cause the release of the Security Property from the lien of
      the Security Instrument and the other Loan Documents (a "Defeasance") upon
      the satisfaction of the following conditions:

                        (A) Maker shall give not more than ninety (90) days' or
            less than sixty (60) days' prior written notice to Payee specifying
            the date Maker intends for the Defeasance to be consummated (the
            "Release Date"), which date shall be a Payment Date.

                        (B) All accrued and unpaid interest and all other sums
            due under this Note and under the other Loan Documents up to and
            including the Release Date shall be paid in full on or prior to the
            Release Date.

                        (C) Maker shall deliver to Payee on or prior to the
            Release Date:

                        (1) a sum of money in immediately available funds (the
                  "Defeasance Deposit"), equal to the outstanding principal
                  balance of this Note plus an amount, if any, which together
                  with the outstanding principal balance of this Note, shall be
                  sufficient to enable Payee to purchase, through means and
                  sources customarily employed and available to Payee, for the
                  account of Maker, direct, non-callable obligations of the
                  United States of America that provide for payments prior, but
                  as close as possible, to all successive monthly Payment Dates
                  occurring after the Release Date and to the Maturity Date,
                  with each such payment being equal to or greater than the
                  amount of the corresponding installment of principal and/or
                  interest required to be paid under this Note (including, but
                  not limited to, all amounts due on the Maturity Date) for the
                  balance of the term hereof (the "Defeasance Collateral"), each
                  of which shall be duly endorsed by the holder thereof as
                  directed by Payee or accompanied by a written instrument of
                  transfer in form and substance satisfactory to Payee in its
                  sole discretion (including, without limitation, such
                  instruments as may be required by the depository institution
                  holding such securities or the issuer thereof, as the case may
                  be, to effectuate book-entry transfers and pledges through the
                  book-entry facilities of such institution) in order to perfect
                  upon the delivery of the Defeasance Security Agreement (as
                  hereinafter defined) the first priority security interest in
                  the Defeasance Collateral in

                                        8

<PAGE>

                  favor of Payee in conformity with all applicable state and
                  federal laws governing granting of such security interests;

                        (2) a pledge and security agreement, in form and
                  substance satisfactory to a prudent lender, creating a first
                  priority security interest in favor of Payee in the Defeasance
                  Collateral (the "Defeasance Security Agreement"), which shall
                  provide, among other things, that any excess received by Payee
                  from the Defeasance Collateral over the amounts payable by
                  Maker hereunder shall be refunded to Maker promptly after each
                  monthly Payment Date;

                        (3) a certificate of Maker certifying that all of the
                  requirements set forth in this Section 1.7(d)(i) have been
                  satisfied;

                        (4) one or more opinions of counsel for Maker in form
                  and substance and delivered by counsel which would be
                  satisfactory to a prudent lender stating, among other things,
                  that (i) Payee has a perfected first priority security
                  interest in the Defeasance Collateral and that the Defeasance
                  Security Agreement is enforceable against Maker in accordance
                  with its terms, (ii) in the event of a bankruptcy proceeding
                  or similar occurrence with respect to Maker, none of the
                  Defeasance Collateral nor any proceeds thereof will be
                  property of Maker's estate under Section 541 of the U.S.
                  Bankruptcy Code or any similar statute and the grant of
                  security interest therein to Payee shall not constitute an
                  avoidable preference under Section 547 of the U.S. Bankruptcy
                  Code or applicable state law, (iii) the release of the lien of
                  the Security Instrument and the pledge of Defeasance
                  Collateral will not directly or indirectly result in or cause
                  any REMIC Trust that then holds this Note to fail to maintain
                  its status as a REMIC Trust and (iv) the defeasance will not
                  cause any REMIC Trust to be an "investment company" under the
                  Investment Company Act of 1940;

                        (5) evidence in writing from the applicable rating
                  agencies to the effect that the collateral substitution will
                  not result in a downgrading, withdrawal or qualification of
                  the respective ratings in effect immediately prior to such
                  defeasance event for any securities issued in connection with
                  the securitization which are then outstanding;

                        (6) a certificate in form and scope acceptable to Payee
                  in its sole discretion from an acceptable accountant
                  certifying that the Defeasance Collateral will generate
                  amounts sufficient to make all payments of principal and
                  interest due under this Note (including the scheduled
                  outstanding principal balance of the Loan due on the Maturity
                  Date);

                        (7) Maker and any guarantor or indemnitor of Maker's
                  obligations under the Loan Documents for which Maker has
                  personal

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<PAGE>

                  liability executes and delivers to Payee such documents and
                  agreements as Payee shall reasonably require to evidence and
                  effectuate the ratification of such personal liability and
                  guaranty or indemnity, respectively;

                        (8) such other certificates, documents or instruments as
                  Payee may reasonably require; and

                        (9) payment of all fees, costs, expenses and charges
                  incurred by Payee in connection with the Defeasance of the
                  Security Property and the purchase of the Defeasance
                  Collateral, including, without limitation, all legal fees and
                  costs and expenses incurred by Payee or its agents in
                  connection with release of the Security Property, review of
                  the proposed Defeasance Collateral and preparation of the
                  Defeasance Security Agreement and related documentation, any
                  revenue, documentary, stamp, intangible or other taxes,
                  charges or fees due in connection with transfer of the Note,
                  assumption of the Note, or substitution of collateral for the
                  Security Property shall be paid on or before the Release Date.
                  Without limiting Maker's obligations with respect thereto,
                  Payee shall be entitled to deduct all such fees, costs,
                  expenses and charges from the Defeasance Deposit to the extent
                  of any portion of the Defeasance Deposit which exceeds the
                  amount necessary to purchase the Defeasance Collateral.

                        (D) In connection with the Defeasance Deposit, Maker
            hereby authorizes and directs Payee using the means and sources
            customarily employed and available to Payee to use the Defeasance
            Deposit to purchase for the account of Maker the Defeasance
            Collateral. Furthermore, the Defeasance Collateral shall be arranged
            such that payments received from such Defeasance Collateral shall be
            paid directly to Payee to be applied on account of the indebtedness
            of this Note. Any part of the Defeasance Deposit in excess of the
            amount necessary to purchase the Defeasance Collateral and to pay
            the other and related costs Maker is obligated to pay under this
            Section 1.7 shall be refunded to Maker.

            (ii) Upon compliance with the requirements of Section 1.7(d)(i), the
      Security Property shall be released from the lien of the Security
      Instrument and the other Loan Documents, and the Defeasance Collateral
      shall constitute collateral which shall secure this Note and all other
      obligations under the Loan Documents. Payee will, at Maker's expense,
      execute and deliver any agreements reasonably requested by Maker to
      release the lien of the Security Instrument from the Security Property.

            (iii) Upon the release of the Security Property in accordance with
      this Section 1.7(d), Maker shall assign all its obligations and rights
      under this Note, together with the pledged Defeasance Collateral, to a
      newly created successor entity which complies with the terms of Section
      1.33 of the Security Instrument designated by Maker and approved by Payee
      in its sole discretion. Such successor entity shall execute an assumption
      agreement in form and substance satisfactory to Payee in its sole
      discretion pursuant to which it shall assume Maker's obligations under
      this Note and the Defeasance Security Agreement. As

                                       10

<PAGE>

      conditions to such assignment and assumption, Maker shall (x) deliver to
      Payee an opinion of counsel in form and substance and delivered by counsel
      satisfactory to a prudent lender stating, among other things, that such
      assumption agreement is enforceable against Maker and such successor
      entity in accordance with its terms and that this Note and the Defeasance
      Security Agreement, as so assumed, are enforceable against such successor
      entity in accordance with their respective terms, and (y) pay all costs
      and expenses (including, but not limited to, legal fees) incurred by Payee
      or its agents in connection with such assignment and assumption
      (including, without limitation, the review of the proposed transferee and
      the preparation of the assumption agreement and related documentation).
      Upon such assumption, Maker shall be relieved of its obligations
      hereunder, under the other Loan Documents other than as specified in
      Section 1.7(d)(i)(C)(7) above and under the Defeasance Security Agreement.

      1.8 Security. The indebtedness evidenced by this Note and the obligations
created hereby are secured by, among other things, the Security Instrument. All
of the terms and provisions of the Loan Documents are incorporated herein by
reference. Some of the Loan Documents are to be filed for record on or about the
date hereof in the appropriate public records.

                ARTICLE II -- OPTIONAL PREPAYMENT DATE PROVISIONS

      2.1 Optional Prepayment Determination Date. The following subsections
shall apply from and after the Optional Prepayment Determination Date:

      (a) [Reserved].

      (b) For the calendar year in which the Optional Prepayment Determination
Date occurs and for each calendar year thereafter, Maker shall submit to Payee
for Payee's written approval an annual budget (an "Annual Budget") not later
than (i) the Optional Prepayment Determination Date for the calendar year in
which the Optional Prepayment Determination occurs and (ii) sixty (60) days
prior to the commencement of each calendar year thereafter, in form satisfactory
to Payee setting forth in reasonable detail budgeted monthly operating income
and monthly operating capital and other expenses for the Mortgaged Property.
Each Annual Budget shall contain, among other things, limitations on management
fees, third party service fees and other expenses as Maker may reasonably
determine. Payee shall have the right to approve such Annual Budget and in the
event that Payee objects to the proposed Annual Budget submitted by Maker, Payee
shall advise Maker of such objections within fifteen (15) days after receipt
thereof (and deliver to Maker a reasonably detailed description of such
objections) and Maker shall, within three (3) days after receipt of notice of
any such objections, revise such Annual Budget and resubmit the same to Payee.
Payee shall advise Maker of any objections to such revised Annual Budget within
ten (10) days after receipt thereof (and deliver to Maker a reasonably detailed
description of such objections) and Maker shall revise the same in accordance
with the process described in this subsection until Payee approves an Annual
Budget, provided, however, that if Payee shall not advise Maker of its
objections to any proposed Annual Budget within the applicable time period set
forth in this subsection, then such proposed Annual Budget shall be deemed
approved by Payee. Each such Annual Budget approved by Payee in accordance with
terms hereof shall hereinafter be referred to as an "Approved Annual Budget."
Until such time that Payee approves a proposed Annual Budget, the most recently

                                       11

<PAGE>

Approved Annual Budget shall apply; provided, that such Approved Annual Budget
shall be adjusted to reflect actual increases in real estate taxes, insurance
premiums and utilities expenses.

      (c) In the event that Maker must incur an extraordinary operating expense
or capital expense not set forth in the Annual Budget (an "Extraordinary
Expense"), then Maker shall promptly deliver to Payee a reasonably detailed
explanation of such proposed Extraordinary Expense for Payee's approval.

      (d) For the purposes of this Note, "Cash Expenses" shall mean, for any
period, the operating expenses for the operation and maintenance of the
Mortgaged Property as set forth in an Approved Annual Budget to the extent that
such expenses are actually incurred by Maker excluding payments into the Impound
Account and expenses for which Maker shall be reimbursed from, or which shall be
paid for out of, any such account or reserve.

      (e) Notwithstanding the other provisions of this Section 2.1, in the event
that, prior to the Optional Prepayment Determination Date, Maker delivers to
Payee either (i) a written commitment (the "Commitment") for the refinancing of
the loan evidenced by this Note from a Qualified Institutional Lender (as
hereinafter defined), which reasonably provides for the consummation of such
refinance prior to the Optional Prepayment Date or (ii) other evidence in form
and substance satisfactory to Payee in its sole determination of Maker's ability
to refinance the loan evidenced by this Note prior to the Optional Prepayment
Date, then, solely in either such event, the terms of Section 2.1(a), (b), (c)
and (d) of this Note shall be inoperative, provided, however, that upon (x) the
failure of such refinance to be consummated in accordance with the terms of the
Commitment or such other evidence, as applicable, (y) the termination of the
Commitment for any reason or (z) any adverse change in circumstances with
respect to Maker or any principals of Maker, the Mortgaged Property, the
proposed lender or otherwise, as determined by Payee in its sole determination,
which, in Payee's reasonable judgment, significantly decreases the likelihood of
such refinance being consummated prior to the Optional Prepayment Date, the
terms of Section 2.1(a), (b), (c) and (d) of this Note shall immediately become
operative and Maker shall immediately comply with any of the terms thereof
which, except for the operation of this subsection (e), Maker would theretofore
have been obligated to comply. "Qualified Institutional Lender" shall mean a
financial institution or other lender with a long term credit rating which is
not less than investment grade. The determination of whether the conditions set
forth in clause (i) or (ii) above, shall be made and notice of such
determination shall be delivered to Maker, within ten (10) business days
following Payee's receipt of the items set forth in such clauses.

      2.2 Failure to Prepay On or Before Optional Prepayment Date. In the event
that Maker does not prepay the entire principal balance of this Note and any
other amounts outstanding under this Note or any of the other Loan Documents on
or prior to the Optional Prepayment Date, the provisions of Section 2.1(b), (c)
and (d) as set forth above shall remain in full force and effect, and the
following subsections also shall apply:

      (a) From and after the Optional Prepayment Date, interest shall accrue on
the unpaid principal balance from time to time outstanding under this Note at
the Revised Interest Rate. Interest accrued at the Revised Interest Rate and not
paid pursuant to this Section 2.2 shall be deferred and added to the principal
balance of this Note and shall earn interest at the Revised

                                       12

<PAGE>

Interest Rate to the extent permitted by applicable law (such accrued interest
is hereinafter referred to as "Accrued Interest"). All of the unpaid principal
balance of this Note, including, without limitation, any Accrued Interest, shall
be due and payable on the Extended Maturity Date.

      (b) Maker shall be obligated to pay, and Payee shall collect from the Rent
Account (as defined in the Security Instrument) to the extent of funds on
deposit in such account, on the Optional Prepayment Date and on the eleventh
(11th) day of each calendar month thereafter to and including the Extended
Maturity Date the following payments from Rents (as defined in the Security
Instrument) received on or before such day in the listed order of priority:

            (i) First, the payment of the Monthly Payment Amount with interest
      computed at the Fixed Interest Rate;

            (ii) Second, payments to the Impound Account (as defined in the
      Security Instrument) in accordance with the terms and conditions of the
      Security Instrument;

            (iii) [Reserved];

            (iv) Fourth, payments for monthly Cash Expenses, less management
      fees payable to affiliates of Maker, pursuant to the terms and conditions
      of the related Approved Annual Budget;

            (v) Fifth, payment for Extraordinary Expenses approved by Payee, if
      any;

            (vi) Sixth, payments to Payee of the balance of the funds then on
      deposit in the Rent Account to be applied to (x) any other amounts due
      under the Loan Documents, (y) Accrued Interest and (z) the reduction of
      the outstanding principal balance of this Note until such principal
      balance is paid in full in whatever proportion and priority as Payee may
      determine.

      (c) Nothing in this Article II shall limit, reduce or otherwise affect
Maker's obligations to make payments of the Monthly Payment Amount (including
interest on the Note as provided in Section 1.3 hereof) payments to the Impound
Account and payments of other amounts due hereunder and under the other Loan
Documents, whether or not Rents (as defined in the Security Instrument) are
available to make such payments.

                             ARTICLE III -- DEFAULT

      3.1 Events of Default. It is hereby expressly agreed that should any
default occur in the payment of principal or interest as stipulated above and
such payment is not made on the date such payment is due, or should any other
default not cured within any applicable grace or notice period occur under any
other Loan Document, then an event of default (an "Event of Default") shall
exist hereunder, and in such event the indebtedness evidenced hereby, including
all sums advanced or accrued hereunder or under any other Loan Document, and all
unpaid interest accrued thereon, shall, at the option of Payee and without
notice to Maker, at once become due and payable and may be collected forthwith,
whether or not there has been a prior demand for payment and regardless of

                                       13

<PAGE>

the stipulated date of maturity.

      3.2 Late Charges. In the event that any payment is not received by Payee
on the date when due, then, in addition to any default interest payments due
hereunder, Maker shall also pay to Payee a late charge in an amount equal to
five percent (5%) of the amount of such overdue payment.

      3.3 Default Interest Rate. So long as any Event of Default exists
hereunder, regardless of whether or not there has been an acceleration of the
indebtedness evidenced hereby, and at all times after maturity of the
indebtedness evidenced hereby (whether by acceleration or otherwise), interest
shall accrue on the outstanding principal balance of this Note, from the date
due until the date credited, at a rate per annum equal to four percent (4%) in
excess of the Note Rate, or, if such increased rate of interest may not be
collected under applicable law, then at the maximum rate of interest, if any,
which may be collected from Maker under applicable law (the "Default Interest
Rate"), and such default interest shall be immediately due and payable.

      3.4 Maker's Agreements. Maker acknowledges that it would be extremely
difficult or impracticable to determine Payee's actual damages resulting from
any late payment or default, and such late charges and default interest are
reasonable estimates of those damages and do not constitute a penalty. The
remedies of Payee in this Note or in the Loan Documents, or at law or in equity,
shall be cumulative and concurrent, and may be pursued singly, successively or
together, in Payee's discretion.

      3.5 Maker to Pay Costs. In the event that this Note, or any part hereof,
is collected by or through an attorney-at-law, Maker agrees to pay all costs of
collection, including, but not limited to, reasonable attorneys' fees.

      3.6 Exculpation. Notwithstanding anything in this Note or the Loan
Documents to the contrary, but subject to the qualifications hereinbelow set
forth, Payee agrees that:

      (a) Maker shall be liable upon the indebtedness evidenced hereby and for
the other obligations arising under the Loan Documents to the full extent (but
only to the extent) of the security therefor, the same being all properties
(whether real or personal), rights, estates and interests now or at any time
hereafter securing the payment of this Note and/or the other obligations of
Maker under the Loan Documents (collectively, the "Security Property");

      (b) if a default occurs in the timely and proper payment of all or any
part of such indebtedness evidenced hereby or in the timely and proper
performance of the other obligations of Maker under the Loan Documents, any
judicial proceedings brought by Payee against Maker shall be limited to the
preservation, enforcement and foreclosure, or any thereof, of the liens,
security titles, estates, assignments, rights and security interests now or at
any time hereafter securing the payment of this Note and/or the other
obligations of Maker under the Loan Documents, and no attachment, execution or
other writ of process shall be sought, issued or levied upon any assets,
properties or funds of Maker other than the Security Property, except with
respect to the liability described below in this section; and

                                       14

<PAGE>

      (c) in the event of a foreclosure of such liens, security titles, estates,
assignments, rights or security interests securing the payment of this Note
and/or the other obligations of Maker under the Loan Documents, no judgment for
any deficiency upon the indebtedness evidenced hereby shall be sought or
obtained by Payee against Maker, except with respect to the liability described
below in this section; provided, however, that, notwithstanding the foregoing
provisions of this section, Maker shall be fully and personally liable and
subject to legal action (i) for proceeds paid under any insurance policies (or
paid as a result of any other claim or cause of action against any person or
entity) by reason of damage, loss or destruction to all or any portion of the
Security Property, to the full extent of such proceeds not previously delivered
to Payee, but which, under the terms of the Loan Documents, should have been
delivered to Payee, (ii) for proceeds or awards resulting from the condemnation
or other taking in lieu of condemnation of all or any portion of the Security
Property, to the full extent of such proceeds or awards not previously delivered
to Payee, but which, under the terms of the Loan Documents, should have been
delivered to Payee, (iii) for all tenant security deposits or other refundable
deposits paid to or held by Maker or any other person or entity in connection
with leases of all or any portion of the Security Property which are not applied
in accordance with the terms of the applicable lease or other agreement, (iv)
for rent and other payments received from tenants under leases of all or any
portion of the Security Property paid more than one (1) month in advance, (v)
for rents, issues, profits and revenues of all or any portion of the Security
Property received or applicable to a period after the occurrence of any Event of
Default hereunder or under the Loan Documents, which are not either applied to
the ordinary and necessary expenses of owning and operating the Security
Property or paid to Payee, (vi) for waste committed on the Security Property,
damage to the Security Property as a result of the intentional misconduct or
gross negligence of Maker or any of its principals, officers, general partners
or members, any guarantor, any indemnitor, or any agent or employee of any such
person, or any removal of all or any portion of the Security Property in
violation of the terms of the Loan Documents, to the full extent of the losses
or damages incurred by Payee on account of such occurrence, (vii) for failure to
pay any valid taxes, assessments, mechanic's liens, materialmen's liens or other
liens which could create liens on any portion of the Security Property which
would be superior to the lien or security title of the Security Instrument or
the other Loan Documents, to the full extent of the amount claimed by any such
lien claimant except, with respect to any such taxes or assessments, to the
extent that funds have been deposited with Payee pursuant to the terms of the
Security Instrument specifically for the applicable taxes or assessments and not
applied by Payee to pay such taxes and assessments, (viii) for all obligations
and indemnities of Maker under the Loan Documents relating to hazardous or toxic
substances or radon or compliance with environmental laws and regulations to the
full extent of any losses or damages (including, but not limited to, those
resulting from diminution in value of any Security Property) incurred by Payee
and/or any of its affiliates as a result of the existence of such hazardous or
toxic substances or radon or failure to comply with environmental laws or
regulations and (ix) for fraud, material misrepresentation or failure to
disclose a material fact, any untrue statement of a material fact or omission to
state a material fact in the written materials and/or information provided to
Payee or any of its affiliates by or on behalf of Maker or any of its
affiliates, principals, officers, general partners or members, any guarantor,
any indemnitor or any agent, employee or other person authorized or apparently
authorized to make statements, representations or disclosures on behalf of
Maker, any affiliate, principal, officer, general partner or member of Maker,
any guarantor or any indemnitor, to the full extent of any losses, damages and
expenses of Payee and/or any of its affiliates on account thereof.

                                       15

<PAGE>

      References herein to particular sections of the Loan Documents shall be
deemed references to such sections as affected by other provisions of the Loan
Documents relating thereto. Nothing contained in this section shall (1) be
deemed to be a release or impairment of the indebtedness evidenced by this Note
or the other obligations of Maker under the Loan Documents or the lien of the
Loan Documents upon the Security Property, or (2) preclude Payee from
foreclosing the Loan Documents in case of any default or from enforcing any of
the other rights of Payee except as stated in this section, or (3) limit or
impair in any way whatsoever (A) any Indemnity and Guaranty Agreements (the
"Indemnity Agreements") or (B) the Environmental Indemnity Agreement (the
"Environmental Indemnity Agreement"), executed and delivered in connection with
the indebtedness evidenced by this Note or release, relieve, reduce, waive or
impair in any way whatsoever, any obligation of any party to the Indemnity
Agreements or the Environmental Indemnity Agreement.

      Notwithstanding the foregoing, the agreement of Payee not to pursue
recourse liability as set forth in subsection (c) above SHALL BECOME NULL AND
VOID and shall be of no further force and effect (i) in the event of a default
by Maker or Indemnitor (as defined in the Security Instrument) of any of the
covenants set forth in Section 1.13 or Section 1.33 of the Security Instrument,
or (ii) if the Security Property or any part thereof shall become an asset in
(A) a voluntary bankruptcy or insolvency proceeding of Maker, or (B) an
involuntary bankruptcy or insolvency proceeding of Maker which is not dismissed
within sixty (60) days of filing.

      Notwithstanding anything to the contrary in this Note, the Security
Instrument or any of the other Loan Documents, Payee shall not be deemed to have
waived any right which Payee may have under Section 506(a), 506(b), 1111(b) or
any other provisions of the U.S. Bankruptcy Code to file a claim for the full
amount of the indebtedness evidenced hereby or secured by the Security
Instrument or any of the other Loan Documents or to require that all collateral
shall continue to secure all of the indebtedness owing to Payee in accordance
with this Note, the Security Instrument and the other Loan Documents.

                        ARTICLE IV -- GENERAL CONDITIONS

      4.1 No Waiver; Amendment. No failure to accelerate the indebtedness
evidenced hereby by reason of default hereunder, acceptance of a partial or past
due payment, or indulgences granted from time to time shall be construed (i) as
a novation of this Note or as a reinstatement of the indebtedness evidenced
hereby or as a waiver of such right of acceleration or of the right of Payee
thereafter to insist upon strict compliance with the terms of this Note, or (ii)
to prevent the exercise of such right of acceleration or any other right granted
hereunder or by any applicable laws; and Maker hereby expressly waives the
benefit of any statute or rule of law or equity now provided, or which may
hereafter be provided, which would produce a result contrary to or in conflict
with the foregoing. No extension of the time for the payment of this Note or any
installment due hereunder made by agreement with any person now or hereafter
liable for the payment of this Note shall operate to release, discharge, modify,
change or affect the original liability of Maker under this Note, either in
whole or in part, unless Payee agrees otherwise in writing. This Note may not be
changed orally, but only by an agreement in writing signed by the party against
whom enforcement of any waiver, change, modification or discharge is sought.

                                       16

<PAGE>

      4.2 Waivers. Presentment for payment, demand, protest and notice of
demand, protest and nonpayment and all other notices are hereby waived by Maker.
Maker hereby further waives and renounces, to the fullest extent permitted by
law, all rights to the benefits of any moratorium, reinstatement, marshaling,
forbearance, valuation, stay, extension, redemption, appraisement, exemption and
homestead now or hereafter provided by the Constitution and laws of the United
States of America and of each state thereof, both as to itself and in and to all
of its property, real and personal, against the enforcement and collection of
the obligations evidenced by this Note or the other Loan Documents.

      4.3 Limit of Validity. The provisions of this Note and of all agreements
between Maker and Payee, whether now existing or hereafter arising and whether
written or oral, including, but not limited to, the Loan Documents, are hereby
expressly limited so that in no contingency or event whatsoever, whether by
reason of demand or acceleration of the maturity of this Note or otherwise,
shall the amount contracted for, charged, taken, reserved, paid or agreed to be
paid ("Interest") to Payee for the use, forbearance or detention of the money
loaned under this Note exceed the maximum amount permissible under applicable
law. If, from any circumstance whatsoever, performance or fulfillment of any
provision hereof or of any agreement between Maker and Payee shall, at the time
performance or fulfillment of such provision shall be due, exceed the limit for
Interest prescribed by law or otherwise transcend the limit of validity
prescribed by applicable law, then, ipso facto, the obligation to be performed
or fulfilled shall be reduced to such limit, and if, from any circumstance
whatsoever, Payee shall ever receive anything of value deemed Interest by
applicable law in excess of the maximum lawful amount, an amount equal to any
excessive Interest shall be applied to the reduction of the principal balance
owing under this Note in the inverse order of its maturity (whether or not then
due), in which event no prepayment fee or premium shall be due, or, at the
option of Payee, be paid over to Maker, and not to the payment of Interest. All
Interest (including any amounts or payments judicially or otherwise under the
law deemed to be Interest) contracted for, charged, taken, reserved, paid or
agreed to be paid to Payee shall, to the extent permitted by applicable law, be
amortized, prorated, allocated and spread throughout the full term of this Note,
including any extensions and renewals hereof until payment in full of the
principal balance of this Note so that the Interest thereon for such full term
will not exceed at any time the maximum amount permitted by applicable law. To
the extent United States federal law permits a greater amount of interest than
is permitted under the law of the State in which the Security Property is
located, Payee will rely on United States federal law for the purpose of
determining the maximum amount permitted by applicable law. Additionally, to the
extent permitted by applicable law now or hereafter in effect, Payee may, at its
option and from time to time, implement any other method of computing the
maximum lawful rate under the law of the State in which the Security Property is
located or under other applicable law by giving notice, if required, to Maker as
provided by applicable law now or hereafter in effect. This Section 4.3 will
control all agreements between Maker and Payee.

      4.4 Use of Funds. Maker hereby warrants, represents and covenants that no
funds disbursed hereunder shall be used for personal, family or household
purposes.

      4.5 Unconditional Payment. Maker is and shall be obligated to pay
principal, interest and any and all other amounts which become payable hereunder
or under the other Loan Documents absolutely and unconditionally and without any
abatement, postponement, diminution

                                       17

<PAGE>

or deduction and without any reduction for counterclaim or setoff. In the event
that at any time any payment received by Payee hereunder shall be deemed by a
court of competent jurisdiction to have been a voidable preference or fraudulent
conveyance under any bankruptcy, insolvency or other debtor relief law, then the
obligation to make such payment shall survive any cancellation or satisfaction
of this Note or return thereof to Maker and shall not be discharged or satisfied
with any prior payment thereof or cancellation of this Note, but shall remain a
valid and binding obligation enforceable in accordance with the terms and
provisions hereof, and such payment shall be immediately due and payable upon
demand.

      4.6 GOVERNING LAW. THIS NOTE SHALL BE INTERPRETED, CONSTRUED AND ENFORCED
ACCORDING TO THE LAWS OF THE STATE IN WHICH THE SECURITY PROPERTY IS LOCATED.

      4.7 WAIVER OF JURY TRIAL. MAKER, TO THE FULL EXTENT PERMITTED BY LAW,
HEREBY KNOWINGLY, INTENTIONALLY AND VOLUNTARILY, WITH AND UPON THE ADVICE OF
COMPETENT COUNSEL, WAIVES, RELINQUISHES AND FOREVER FORGOES THE RIGHT TO A TRIAL
BY JURY IN ANY ACTION OR PROCEEDING BASED UPON, ARISING OUT OF, OR IN ANY WAY
RELATING TO THE DEBT EVIDENCED BY THIS NOTE OR ANY CONDUCT, ACT OR OMISSION OF
PAYEE OR MAKER, OR ANY OF THEIR RESPECTIVE DIRECTORS, OFFICERS, PARTNERS,
MEMBERS, EMPLOYEES, AGENTS OR ATTORNEYS, OR ANY OTHER PERSONS AFFILIATED WITH
PAYEE OR MAKER, IN EACH OF THE FOREGOING CASES, WHETHER SOUNDING IN CONTRACT,
TORT OR OTHERWISE.

      4.8 Secondary Market. Payee may sell, transfer and deliver the Loan
Documents to one or more investors in the secondary mortgage market. In
connection with such sale, Payee may retain or assign responsibility for
servicing the loan evidenced by this Note or may delegate some or all of such
responsibility and/or obligations to a servicer, including, but not limited to,
any subservicer or master servicer, on behalf of the investors. All references
to Payee herein shall refer to and include, without limitation, any such
servicer, to the extent applicable.

      4.9 Dissemination of Information. If Payee determines at any time to sell,
transfer or assign this Note, the Security Instrument and the other Loan
Documents, and any or all servicing rights with respect thereto, or to grant
participations therein (the "Participations") or issue mortgage pass-through
certificates or other securities evidencing a beneficial interest in a rated or
unrated public offering or private placement (the "Securities"), Payee may
forward to each purchaser, transferee, assignee, servicer, participant,
investor, or their respective successors in such Participations and/or
Securities (collectively, the "Investor") or any Rating Agency rating such
Securities, each prospective Investor and each of the foregoing's respective
counsel, all documents and information which Payee now has or may hereafter
acquire relating to the debt evidenced by this Note and to Maker, any guarantor,
any indemnitor and the Security Property, which shall have been furnished by
Maker, any guarantor or any indemnitor as Payee determines necessary or
desirable.

                                       18

<PAGE>

                      ARTICLE V -- MISCELLANEOUS PROVISIONS

      5.1 Miscellaneous. The terms and provisions hereof shall be binding upon
and inure to the benefit of Maker and Payee and their respective heirs,
executors, legal representatives, successors, successors-in-title and assigns,
whether by voluntary action of the parties or by operation of law. As used
herein, the terms "Maker" and "Payee" shall be deemed to include their
respective heirs, executors, legal representatives, successors,
successors-in-title and assigns, whether by voluntary action of the parties or
by operation of law. If Maker consists of more than one person or entity, each
shall be jointly and severally liable to perform the obligations of Maker under
this Note. All personal pronouns used herein, whether used in the masculine,
feminine or neuter gender, shall include all other genders; the singular shall
include the plural and vice versa. Titles of articles and sections are for
convenience only and in no way define, limit, amplify or describe the scope or
intent of any provisions hereof. Time is of the essence with respect to all
provisions of this Note. This Note and the other Loan Documents contain the
entire agreements between the parties hereto relating to the subject matter
hereof and thereof and all prior agreements relative hereto and thereto which
are not contained herein or therein are terminated.

      5.2 Maker's Tax Identification Number is 20-1676647.

             [THE BALANCE OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

                                       19

<PAGE>

      IN WITNESS WHEREOF, Maker has executed this Note as of the date first
written above.

                                       MAKER:

                                       COLE FE ROCKFORD IL, LLC,
                                       a Delaware limited liability company

                                       By: Cole REIT Advisors II, LLC,
                                           a Delaware limited liability company,
                                           its manager

                                       By:      /S/ John M. Pons
                                           -----------------------------------
                                           John M. Pons, Senior Vice President

<PAGE>

                                   Schedule A

                                   LOAN TERMS

<TABLE>
<S>                                                             <C>
Original Principal Amount                                       $3,998,000.00
Note Rate % (Per Annum)                                                 5.610%
Original Amortization Term (Months)                                       999
Monthly Payment Amount (Excluding IO Period)                    $   18,690.65
Note Date                                                           12/9/2005
First Pay Date                                                      1/11/2006
Original Loan Term (Months)                                                60
Scheduled Maturity Date                                            12/11/2010
Interest Accrual Basis During Amortization Periods                 ACTUAL/360
Interest Only (IO) Periods (Months)                                        60
Interest Accrual Basis During IO Period                            ACTUAL/360
</TABLE>

COLE FEDERAL EXPRESS ROCKFORD IL                                       502853685

<TABLE>
<CAPTION>
                                                    INTEREST      PRINCIPAL
                         ACCRUAL                  COMPONENT OF   COMPONENT OF  ENDING UNPAID
                         DAYS IN    SCHEDULED      SCHEDULED      SCHEDULED      PRINCIPAL
PAY PERIOD    PAY DATE    PERIOD     PAYMENT        PAYMENT        PAYMENT        BALANCE
----------   ----------  -------  -------------  -------------  -------------  -------------
<S>          <C>         <C>      <C>            <C>            <C>            <C>
      0      12/11/2005       2   $        0.00  $    1,246.04  $        0.00  $3,998,000.00
      1      1/11/2006       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
      2      2/11/2006       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
      3      3/11/2006       28   $   17,444.61  $   17,444.61  $        0.00  $3,998,000.00
      4      4/11/2006       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
      5      5/11/2006       30   $   18,690.65  $   18,690.65  $        0.00  $3,998,000.00
      6      6/11/2006       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
      7      7/11/2006       30   $   18,690.65  $   18,690.65  $        0.00  $3,998,000.00
      8      8/11/2006       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
      9      9/11/2006       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     10      10/11/2006      30   $   18,690.65  $   18,690.65  $        0.00  $3,998,000.00
     11      11/11/2006      31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     12      12/11/2006      30   $   18,690.65  $   18,690.65  $        0.00  $3,998,000.00
     13      1/11/2007       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     14      2/11/2007       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     15      3/11/2007       28   $   17,444.61  $   17,444.61  $        0.00  $3,998,000.00
     16      4/11/2007       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     17      5/11/2007       30   $   18,690.65  $   18,690.65  $        0.00  $3,998,000.00
     18      6/11/2007       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     19      7/11/2007       30   $   18,690.65  $   18,690.65  $        0.00  $3,998,000.00
     20      8/11/2007       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     21      9/11/2007       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     22      10/11/2007      30   $   18,690.65  $   18,690.65  $        0.00  $3,998,000.00
</TABLE>

<PAGE>

<TABLE>
<S>          <C>          <C>     <C>            <C>            <C>            <C>
     23      11/11/2007      31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     24      12/11/2007      30   $   18,690.65  $   18,690.65  $        0.00  $3,998,000.00
     25      1/11/2008       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     26      2/11/2008       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     27      3/11/2008       29   $   18,067.63  $   18,067.63  $        0.00  $3,998,000.00
     28      4/11/2008       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     29      5/11/2008       30   $   18,690.65  $   18,690.65  $        0.00  $3,998,000.00
     30      6/11/2008       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     31      7/11/2008       30   $   18,690.65  $   18,690.65  $        0.00  $3,998,000.00
     32      8/11/2008       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     33      9/11/2008       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     34      10/11/2008      30   $   18,690.65  $   18,690.65  $        0.00  $3,998,000.00
     35      11/11/2008      31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     36      12/11/2008      30   $   18,690.65  $   18,690.65  $        0.00  $3,998,000.00
     37      1/11/2009       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     38      2/11/2009       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     39      3/11/2009       28   $   17,444.61  $   17,444.61  $        0.00  $3,998,000.00
     40      4/11/2009       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     41      5/11/2009       30   $   18,690.65  $   18,690.65  $        0.00  $3,998,000.00
     42      6/11/2009       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     43      7/11/2009       30   $   18,690.65  $   18,690.65  $        0.00  $3,998,000.00
     44      8/11/2009       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     45      9/11/2009       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     46      10/11/2009      30   $   18,690.65  $   18,690.65  $        0.00  $3,998,000.00
     47      11/11/2009      31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     48      12/11/2009      30   $   18,690.65  $   18,690.65  $        0.00  $3,998,000.00
     49      1/11/2010       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     50      2/11/2010       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     51      3/11/2010       28   $   17,444.61  $   17,444.61  $        0.00  $3,998,000.00
     52      4/11/2010       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     53      5/11/2010       30   $   18,690.65  $   18,690.65  $        0.00  $3,998,000.00
     54      6/11/2010       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     55      7/11/2010       30   $   18,690.65  $   18,690.65  $        0.00  $3,998,000.00
     56      8/11/2010       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     57      9/11/2010       31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     58      10/11/2010      30   $   18,690.65  $   18,690.65  $        0.00  $3,998,000.00
     59      11/11/2010      31   $   19,313.67  $   19,313.67  $        0.00  $3,998,000.00
     60      12/11/2010      30   $4,016,690.65  $   18,690.65  $3,998,000.00  $        0.00

     60                   1,826   $5,135,637.52  $1,137,637.52  $3,998,000.00
</TABLE>

<PAGE>

                             AUTO DRAFT INFORMATION

If you would like to sign up for our automatic payment drafting service, fill
out and return the enclosed authorization form along with a voided check and
mail to the address listed below. Please continue to send your monthly payments
until you receive written confirmation that the auto-draft service has begun.
You will receive written notification confirming your auto-draft setup and first
auto-draft date within 7 business days of the 15th of the month submitted.

NOTE: REQUESTS MUST BE RECEIVED BY THE 15TH TO BE SET UP FOR THE FOLLOWING
MONTH.

Wachovia Securities
Attention: Customer Service Department
8739 Research Drive - URP4
Charlotte, NC 28288-1075

<PAGE>

[WACHOVIA SECURITIES LOGO]

                                 AUTO DRAFT FORM

I hereby request and authorize Wachovia Bank, National Association, doing
business as Wachovia Securities ("Wachovia Securities"), to draft my account
specified below made payable to the order of Wachovia Securities located in
Charlotte, NC, provided there are sufficient funds in said account to pay the
same upon presentation. I agree that your rights in respect to each such draft
shall be the same as if it were a check drawn on Wachovia Securities and signed
personally by me. This authorization is to remain in effect until revoked by me
in writing and until Wachovia Securities actually receives such notice. I agree
that Wachovia Securities shall be fully protected in honoring any such drafts.

LOAN NUMBER                                 NAME OF BORROWING ENTITY
Wachovia Loan # (9 digits)                  Borrower Name
BANK'S ROUTING NUMBER FROM CHECK            ACCOUNT # TO BE DRAFTED
Bank Routing Number (9 digits)              Bank Account # (from check)
NAME OF BANK TO BE DRAFTED                  LOCATION OF THE BANK
Name of Bank                                City and State

                  PLEASE INCLUDE A VOIDED CHECK WITH THIS FORM

J.L. Smith                                              Date____________________
1000

                S.R. Smith
                1234 Sample Street
                Any Where, USA 12345

PAY TO THE
ORDER OF______________________________________$_________________________________

_________________________________________________________________________DOLLARS

Memo_____________________________________    ___________________________________

:000000000: 10000001234567                   1000

 ROUTING #    ACCOUNT #

BORROWER'S SIGNATURE                                    BORROWER'S NAME
Authorized Signature (as it appears on bank documents)  Print Name
                                                        TODAY'S DATE
                                                        Date

DAY OF MONTH PAYMENT WILL DRAFT                         BORROWER'S FAX NUMBER
Draft Date (Payment due date)                           Fax #

TERMS AND CONDITIONS

EFFECTIVE DATE OF DRAFT: The draft will occur on the payment due date, unless
otherwise agreed upon by borrower and servicer. The borrower will receive a
confirmation letter to insure auto-draft set-up and to confirm draft date.

REVOCATION OF THIS AUTHORITY: The authority of Wachovia Securities to transfer
funds from the borrowers account will not cease until Wachovia Securities
receives written notification revoking this authorization agreement. Wachovia
Securities must receive this notice at least 15 days prior to the date on which
you wish the arrangement to end.

DISHONOR: Wachovia Securities shall be under no liability whatsoever if a
transfer of funds cannot be made, whether or not such failure is caused by the
act of omission of the borrower. INSUFFICIENT FUNDS: If the automatic withdrawal
is returned due to insufficient funds both Wachovia Securities and the
borrower's financial institution may assess a fee.

ERRORS: The borrower has the right to have the amount of any incorrect deduction
immediately corrected by the borrower's financial institution provided the
borrower sends the appropriate notice to the financial institution.

AMOUNT OF DRAFT: Wachovia Securities will withdraw the amount of the current
monthly receivable. This amount may vary due to escrow analyses, interest rate
changes or reserve requirements as applicable.

ACH ROUTING NUMBER: Please contact the financial institution from which the
money will be drafted for this information.

Wachovia Securities is the trade name under which Wachovia Corporation conducts
its investment banking, capital markets and institutional securities business
through First Union Securities, Inc. ("FUSI"), Member NYSE, NASD, SIPC, and
through other bank and non-bank and broker-dealer subsidiaries of Wachovia
Corporation.

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