EXHIBIT 10.171
ASSIGNMENT AND
ASSUMPTION OF PURCHASE AND SALE AGREEMENT
For good and valuable consideration the receipt and sufficiency of
which is hereby acknowledged, the undersigned, INLAND REAL ESTATE
ACQUISITIONS, INC., an Illinois corporation,
(“Assignor”) hereby assigns to INLAND AMERICAN ST
PORTFOLIO IV, L.L.C., a Delaware limited liability company,
(“Assignee”) all of Assignor’s right, title and
interest as a party to that certain Purchase and Sale Agreement
[Portfolio #2] (the “Purchase Agreement”) by and
between INLAND REAL ESTATE ACQUISITIONS, INC.,
(“Buyer”), and SUNTRUST BANK, a Georgia banking
corporation, (“Seller”), dated October 17,
2007, as amended, with respect to the purchase and sale of those
certain parcel(s) of land more fully defined on
Exhibit A, attached hereto (the
“Property”).
By execution hereof by Assignee, Assignee for itself and its
successors and assigns hereby accepts the assignment and assumes
all of the obligations of Assignor under the Purchase Agreement
with respect to the Properties. The Assignor acknowledges and
agrees that notwithstanding the foregoing the Assignor is not
released from any of its obligations under the Purchase
Agreement.
This Assignment is effective as of the 17th day of March,
2008.
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ASSIGNOR:
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INLAND REAL ESTATE
ACQUISITIONS, INC.,
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an Illinois
corporation
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By:
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/s/ G. Joseph
Cosenza
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G. Joseph
Cosenza
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Its:
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President
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ASSIGNEE:
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INLAND AMER
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