EX-10
from 10-K
1 page
By Facsimile and Mail June 7, 1993 Arthur C. Powell General Partner Vm Associates L. P. 5141 North 40th Street Suite 200 Phoenix, Az 85018 Re: Vista Montana Apartments Dear Art: Based on Our Discussions, the Attached Summarizes the Modifications to the Vista Montana First Mortgage Loan and Subordinated Promissory Note That Krupp Insured Plus-II Limited Partnership ("Kip") Is Willing to Accept. All Other Terms and Conditions of the Loan Documents Will Remain in Full Force and Effect. if the Terms of This Workout Agreement Are Acceptable to You, Please Acknowledge by Signing Below, Initialing the Attachement and Returning One Copy of This Letter and Attachment to US. This Proposal Is Subject to Any Approvals Required by Hud or Gmac. in the Event the Parties Cannot in Good Faith Agree on Appropriate Documentation of the Workout Agreement, This Agreement Shall Become Null and Void. All Legal Costs Associated With Documentation of the Agreement and Loan Modification Shall Be Paid by the Borrower. This Proposal Shall Expire on Tuesday, June 8, 1993. Sincerely, Krupp Insured Plus-II Accepted: Limited Partnership Vm Associates Limited Partnership Joanne Leary Arthur C. Powell Vice President General Partner I:\...\vistamon\misc\fnlpro
12/34/56
