EX-10
from 10-Q
1 page
May 21, 1997 Evanston Plaza Investors a Real Estate Limited Partnership ("Seller") C/O the Balcor Company Bannockburn Lake Office Plaza 2355 Waukegan Road Suite A-200 Bannockburn, Illinois 60015 Attention: Ilona Adams Near North National Title Corporation ("Escrow Agent") 222 North Lasalle Street First Floor Chicago, Illinois 60601 Attention: Lou Cohen Re: Agreement of Sale Dated March 18, 1997, as Amended (The "Purchase Agreement"), Between Seller and Crosstown Asset Corp. I ("Purchaser") for Evanston Plaza, Evanston, Illinois Ladies and Gentlemen: Purchaser Hereby Terminates the Purchase Agreement Pursuant to Section 7.1 Thereof. Attached Is the Required Due Diligence Termination Notice. Escrow Agent Is Hereby Directed to Return the Earnest Money Together With All Interest Accrued Thereon to Purchaser in Accordance With the Attached Wiring Instructions. Sincerely, Crosstown Asset Corp. I, a Delaware Corporation By: /S/ Timothy Scott Clark Name: Timothy Scott Clark Its: Avp <page> Page Two CC: The Balcor Company Bannockburn Lake Office Plaza 2355 Waukegan Road Suite A-200 Bannockburn, Illinois 60015 Attention: James Mendelson Katten Muchin & Zavis 525 West Monroe Street Suite 1600 Chicago, Illinois 60661-3693 Attention: Daniel J. Perlman, Esq. <page> Due Diligence Termination Notice May 21, 1997 Crosstown Asset Corp. I, a Delaware Corporation, as Purchaser Under That Certain Agreement of Sale Dated March 18, 1997, as Amended, Providing for the Sale of Property Located in Evanston, Illinois and Known as Evanston Plaza Has Terminated the Agreement of Sale Pursuant to Paragraph 7.1 Thereof. the Undersigned Demands Return of All Earnest Money Deposited Under the Agreement of Sale Pursuant to Its Right Therein. Crosstown Asset Corp. I, a Delaware Corporation By: /S/ Timothy Scott Clark Name: Timothy Scott Clark Its: Avp <page>
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EX-10
from 10-K
1 page
Chicago Title Insurance Agency, Inc. 3067 East Commercial Boulevard * Fort Lauderdale, Florida 33308-4383 Fort Lauderdale 954/771-4300 * Miami 305/944-2588 Telecopy No. 945/771-6934 March 14, 1997 via Federal Express Stephen J. Levy, Esquire Katten Muchin and Zavis 525 West Monroe Street Suite 1600 Chicago, Illinois 60661-3693 Re: Gleneagle Apartments Dade County, Florida Our File No. 19516 Dear Mr. Levy: Pursuant to the Joint Instructions Received From Gloria Reyes Doreck and Yourself by Telephone This Afternoon, We Are Returning Herewith the Originals of Those Certain Documents Which Were Being Held in Escrow by Our Agency Pursuant to Your Escrow Trust Instructions Dated January 13, 1997 and March 7, 1997 Covering the Above Subject Property. It Is My Understanding That Subject Transaction Has Been Cancelled. We Trust That Our Agency Will Be of Service to You and Your Client in the Immediate Future. Very Truly Yours, /S/ Dennis F. Peters - Dennis F. Peters, Cls President Dfp/MM Enclosures Ccs: Partners Title Company (W/O Encls) Attn: Gloria Reyes Doreck David M. Layman, Esq. (W/O Encls) Andrew D. Rooker, Esq. (W/O Encls) Chicagotitle Insurance Company Attn: Pat Noska <page>
12/34/56
EX-10
from 10-K
1 page
Katten Muchin & Zavis 525 West Monroe Street * Suite 1600 Chicago, Illinois 60661-3693 February 25, 1997 via Facsimile David Layman, Esq. Greenberg, Traurig 777 South Flagler Drive, Suite 310-E West Palm Beach, Florida 33401 Re: Agreement of Sale Dated October 24, 1996 Between Ceebraid-Signal Corporation, a Florida Corporation ("Purchaser") and Gleneagles Investors a Real Estate Limited Partnership, an Illinois Limited Partnership ("Seller") for Property Commonly Known as the Gleneagles Apartments, Miami, Florida (As Heretofore Amended, the "Agreement") Dear David: At My Client's Request, I Am Writing to Evidence the Seller's Agreement to Extend the Closing Date (As Said Term Is Defined in the Agreement) Until March 13, 1997. Please Call Me if You Have Any Comments or Questions. Very Truly Yours, /S/ Stephen J. Levy Stephen J. Levy Sjl/269539 CC: Ms. Gloria Reyes Doreck (Via Facsimile) Mr. Al Lieberman (Via Facsimile) Daniel J. Perlman, Esq. <page>
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