SEC Contract Filing

Filing Date: 2015-01-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>11
<FILENAME>exhibit102energyplazaiiiassu.htm
<TEXT>
<HTML>
<head><title>Hartman XX</title> </head> <body style="FONT-SIZE:10pt; FONT-FAMILY:Times New Roman; COLOR:#000000; MARGIN-TOP:0px"> <div style=WIDTH:638px> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;</p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:12.1pt; MARGIN-TOP:4px; PADDING-RIGHT:7px" align=right>Loan No. 84-5100034</p> <p style="MARGIN-BOTTOM:0px; MARGIN-TOP:0px"><br></p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:12.1pt; PADDING-LEFT:212px; MARGIN-TOP:4px"><b>ASSUMPTION &nbsp;AGREEMENT</b></p> <p style=MARGIN:0px><br></p> <p style="MARGIN-BOTTOM:0px; MARGIN-TOP:0px"><br></p> <p style="FONT-SIZE:12.1pt; PADDING-LEFT:56px; MARGIN:0px">This Assumption Agreement (this <b>"Agreement") </b>is dated as of December 30, 2014, by</p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:12.1pt; PADDING-LEFT:7px; MARGIN-TOP:0px; PADDING-RIGHT:7px; TEXT-INDENT:0px" align=justify>U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR MORGAN &nbsp;STANLEY CAPITAL I INC., &nbsp;COMMERCIAL &nbsp;MORTGAGE &nbsp;PASS-THROUGH &nbsp;CERTIFICATES, SERIES 2011-C3 <b>("Lender"), </b>BRI 1841 ENERGY PLAZA, LLC, a Delaware limited liability <font style=FONT-SIZE:11.4pt>company </font><font style=FONT-SIZE:11.4pt><b>("Borrower"),</b></font><font style=FONT-SIZE:11.4pt><b> </b></font><font style=FONT-SIZE:11.4pt>ARIEL BENTATA, an individual </font><font style=FONT-SIZE:11.4pt><b>("Guarantor"),</b></font><font style=FONT-SIZE:11.4pt><b> </b></font><font style=FONT-SIZE:11.4pt>HARTMAN ENERGY LLC, a Delaware limited liability company </font><font style=FONT-SIZE:11.4pt><b>("Buyer"),</b></font><font style=FONT-SIZE:11.4pt><b> </b></font><font style=FONT-SIZE:11.4pt>and HARTMAN SHORT </font><font style=FONT-SIZE:11.6pt>TERM INCOME PROPERTIES XX, INC., a Maryland corporation </font><font style=FONT-SIZE:11.6pt><b>("New</b></font><font style=FONT-SIZE:11.6pt><b> </b></font><font style=FONT-SIZE:11.6pt><b>Guarantor").</b></font></p> <p style=MARGIN:0px><br></p> <p style="MARGIN-BOTTOM:0px; MARGIN-TOP:0px"><br></p> <p style="PADDING-LEFT:264px; MARGIN:0px; TEXT-INDENT:-264px" align=center><font style=FONT-SIZE:18pt>RECITALS</font></p> <p style=MARGIN:0px><br></p> <p style="MARGIN-BOTTOM:0px; MARGIN-TOP:0px"><br></p><a name=_Aci_An1_412E> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:9.1pt; WIDTH:7px; FLOAT:left; MARGIN-TOP:0px">A.</p> <p style="FONT-SIZE:11.75pt; PADDING-LEFT:56px; MARGIN:0px; PADDING-RIGHT:7px; TEXT-INDENT:-2px" align=justify>Morgan Stanley Mortgage Capital Holdings LLC, a New York limited liability company <font style=FONT-SIZE:11.6pt><b>("Original</b></font><font style=FONT-SIZE:11.6pt><b> </b></font><font style=FONT-SIZE:11.6pt><b>Lender"),</b></font><font style=FONT-SIZE:11.6pt><b> </b></font><font style=FONT-SIZE:11.6pt>Lender's predecessor in interest, made a loan to Borrower in the original principal amount of $10,900,000.00 </font><font style=FONT-SIZE:11.6pt><b>("Loan"),</b></font><font style=FONT-SIZE:11.6pt><b> </b></font><font style=FONT-SIZE:11.6pt>under the terms and provisions set forth in the following loan documents, all of which are dated as of May 20, 2011, unless otherwise noted:</font></p> <p style="MARGIN-BOTTOM:0px; CLEAR:left; MARGIN-TOP:0px"><br></p><a name=_Aci_An2_312E> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:9.6pt; WIDTH:56px; FLOAT:left; MARGIN-TOP:0px">1.</p> <p style="FONT-SIZE:11.6pt; PADDING-LEFT:103px; MARGIN:0px; PADDING-RIGHT:8px; TEXT-INDENT:-2px" align=justify>Promissory Note (the <b>"Note") </b>in the original principal amount of the Loan, made by Borrower and payable to Original Lender;</p> <p style="MARGIN-BOTTOM:0px; CLEAR:left; MARGIN-TOP:0px"><br></p><a name=_Aci_An3_322E> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:9.6pt; WIDTH:55px; FLOAT:left; MARGIN-TOP:0px">2.</p> <p style="FONT-SIZE:11.6pt; PADDING-LEFT:103px; MARGIN:0px; PADDING-RIGHT:7px; TEXT-INDENT:-2px" align=justify>Deed of Trust, Assignment of Leases and Rents and Security Agreement (as assigned, as set forth below, the <b>"Security Instrument") </b>executed by Borrower, as grantor, to Christopher T. Nixon, as trustee for the benefit of Original Lender, as beneficiary, which secures the Note and other obligations of Borrower and <font style=FONT-SIZE:11.4pt>which was recorded on May 24, 2011, in Volume 14873, Page 2330, in &nbsp;the </font>Official Records of Bexar County, Texas (the <b>"Official Records"), </b>the beneficiary's interest &nbsp;under which &nbsp;was assigned by assignment &nbsp;which &nbsp;was <font style=FONT-SIZE:11.4pt>recorded on October 20, 2011, in Volume 15187, Page 807, in the Official Records. The land, improvements and other real property which are subject to the </font>Security Instrument are hereinafter referred to as the <b>"Property" </b>and the equipment, machinery &nbsp;and other personal property which are subject to the Security Instrument are hereinafter referred to as the <b>"Collateral";</b></p> <p style="MARGIN-BOTTOM:0px; CLEAR:left; MARGIN-TOP:0px"><br></p><a name=_Aci_An4_332E> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:9.6pt; WIDTH:55px; FLOAT:left; MARGIN-TOP:0px">3.</p> <p style="FONT-SIZE:11.6pt; PADDING-LEFT:103px; MARGIN:0px; PADDING-RIGHT:8px; TEXT-INDENT:-2px" align=justify>Loan Agreement (the <b>"Loan Agreement") </b>by &nbsp;and between Borrower &nbsp;and <font style=FONT-SIZE:11.4pt>Original Lender;</font></p> <p style="MARGIN-BOTTOM:0px; CLEAR:left; MARGIN-TOP:0px"><br></p><a name=_Aci_An5_342E> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:9.4pt; WIDTH:54px; FLOAT:left; MARGIN-TOP:0px">4.</p> <p style="FONT-SIZE:11.6pt; PADDING-LEFT:103px; MARGIN:0px; PADDING-RIGHT:9px; TEXT-INDENT:-2px" align=justify>Guaranty of Recourse Obligations of Borrower (the <b>"Guaranty") </b>executed by <font style=FONT-SIZE:11.25pt>Guarantor in favor of Lender;</font></p> <p style="CLEAR:left; MARGIN:0px"><br></p><a name=_Aci_An6_352E> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:9.3pt; WIDTH:55px; FLOAT:left; MARGIN-TOP:0p