Real Estate Holdings Document

REAL ESTATE HOLDINGS DOCUMENT

This Real Estate Holdings Document (the "Document") is executed as of the Effective Date below by and between:

Owner Name:   Tax ID (if applicable):

Recipient/Manager/Investor Name:

Effective Date: / /

Schedule A — Property Schedule

The following real properties are owned, held or managed by Owner and are included in this Document. For each property, attach supporting title and mortgage documents as applicable.

Property 1

Parcel / APN:   Ownership Percentage:

Current Mortgage Balance:   Occupied: Yes No

Property 2

Parcel / APN:   Ownership Percentage:

Current Mortgage Balance:   Occupied: Yes No

Property 3

Parcel / APN:   Ownership Percentage:

Current Mortgage Balance:   Occupied: Yes No

Representations and Warranties

Owner represents and warrants that Owner is the legal and beneficial owner of the properties listed in Schedule A, and that the information contained herein is true, correct and complete to the best of Owner’s knowledge. Owner further warrants that there are no undisclosed ownership interests, undisclosed leases except those listed, or undisclosed material adverse encumbrances affecting title other than those expressly disclosed in Section "Encumbrances and Liens" below.

Owner shall promptly update Recipient in writing of any material change in status of any property, including, without limitation, foreclosure proceedings, bankruptcy filings affecting Owner, involuntary liens, or transfers of interest.

Encumbrances and Liens

The following encumbrances affecting the properties are disclosed (check all that apply and provide details):

Financial Summary

Estimated Aggregate Market Value:   Total Outstanding Encumbrances:

Management Fee (if applicable):   Aggregate Reserve Requirement:

Disclosures

Owner discloses the following conditions for properties listed in Schedule A (check Yes or No for each):

Lead-Based Paint Known: Yes No

Material Mold or Structural Damage Known: Yes No

Outstanding Code Violations or Unpermitted Work: Yes No

Maintenance, Insurance and Taxes

Owner shall be responsible for payment of property taxes, assessments, and for maintaining casualty and liability insurance with limits sufficient for each property's risk profile unless otherwise agreed in writing. Recipient may require proof of insurance upon reasonable request. Owner shall provide proof of policies and premium status within ten (10) business days of such request.

Utilities and routine maintenance responsibilities for occupied units shall remain with Owner, except as otherwise agreed in a separate management agreement signed by both parties.

Default and Remedies

A material breach of any representation, warranty, or covenant in this Document shall constitute an Event of Default. Upon occurrence of an Event of Default, the non-breaching party shall provide written notice and an opportunity to cure where a cure is reasonably possible. If the breach is not timely cured, the non-breaching party may seek all remedies available at law or in equity, including specific performance, injunctive relief and recovery of costs and attorneys' fees incurred in enforcing rights under this Document.

Governing Law; Entire Agreement

This Document shall be governed by and construed in accordance with the laws of the state in which the majority of the properties listed in Schedule A are located. This Document constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements, understandings and representations, whether written or oral.

Notices

All notices required or permitted under this Document must be in writing and delivered by hand, certified mail (return receipt requested), or overnight courier to the addresses set forth above or to such other address as either party may specify in writing. Notice is effective upon receipt.

Acknowledgment and Certification

By signing below, Owner certifies under penalty of perjury that the information provided in this Document is true and correct to the best of Owner's knowledge and belief, and that Owner has authority to make the certifications and disclosures contained herein. Recipient acknowledges receipt of the information and is relying upon Owner’s representations in further dealings regarding the listed real properties.

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