EX-1
from SC 13E4/A
1 page
December 19, 1995 Mr. Jeff Keierleber C/O Decade Companies 250 North Patrick Boulevard, Suite 140 Brookfield Wi 53045 Re: Decade's Monthly Income and Appreciation Fund, a Limited Partnership Dear Jeff: I Am Pleased to Inform You That Our Loan Committee Has Approved Your Request for a First Mortgage Loan on the Madison Property. the Basic Terms and Conditions of This Approval Follow. Borrower: Decade's Monthly Income & Appreciation Fund, a Limited Partnership Amount: $1,850,000 Purpose: Purchase Limited Partner Interests Interest the Wall Street Journal Prime Rate, Adjusted Rate: Monthly Loan Fees: 1/2 of 1% ($9,250.00) Maturity 12/31/98 Date: Amortization: Twenty-Five (25) Years, Approximately $15,210 (Principal and Interest) Per Month Secured By: First Mortgage on Land and Improvements at 201- 245 Swanton Road, Madison, Wi Additional Subordination of Property Management Fees to the Collateral: Bank. Approval Is Subject to Receipt by the Bank of a Satisfactory Appraisal, Environmental Phase I Report, and Current Evidence of Title Supported by a Title Policy. This Commitment Shall Expire on January 31, 1996, Unless It Is Extended by Mutual Agreement of the Bank and the Borrower. Very Truly Yours, John C. Hoffman Vice President
12/34/56
EX-1
from SC 13E3/A
1 page
December 19, 1995 Mr. Jeff Keierleber C/O Decade Companies 250 North Patrick Boulevard, Suite 140 Brookfield Wi 53045 Re: Decade's Monthly Income and Appreciation Fund, a Limited Partnership Dear Jeff: I Am Pleased to Inform You That Our Loan Committee Has Approved Your Request for a First Mortgage Loan on the Madison Property. the Basic Terms and Conditions of This Approval Follow. Borrower: Decade's Monthly Income & Appreciation Fund, a Limited Partnership Amount: $1,850,000 Purpose: Purchase Limited Partner Interests Interest the Wall Street Journal Prime Rate, Adjusted Rate: Monthly Loan Fees: 1/2 of 1% ($9,250.00) Maturity 12/31/98 Date: Amortization: Twenty-Five (25) Years, Approximately $15,210 (Principal and Interest) Per Month Secured By: First Mortgage on Land and Improvements at 201- 245 Swanton Road, Madison, Wi Additional Subordination of Property Management Fees to the Collateral: Bank. Approval Is Subject to Receipt by the Bank of a Satisfactory Appraisal, Environmental Phase I Report, and Current Evidence of Title Supported by a Title Policy. This Commitment Shall Expire on January 31, 1996, Unless It Is Extended by Mutual Agreement of the Bank and the Borrower. Very Truly Yours, John C. Hoffman Vice President
12/34/56
