Exhibit
10.141
FIRST
AMENDMENT TO PURCHASE AND SALE CONTRACT
THIS FIRST AMENDMENT TO AGREEMENT FOR PURCHASE AND SALE AND JOINT
ESCROW INSTRUCTIONS (this “ First
Amendment ”) is made and entered into as of the
2nd day of October, 2008, by and among by the selling parties
identified on Seller Information Schedule attached as Schedule
1 to the Agreement (as that term is defined below) each having
an address at 4582 South Ulster Street Parkway, Suite 1100, Denver,
Colorado 80237 (individually a “ Seller ”
and collectively “ Sellers ”), and JRK
BIRCHMONT ADVISORS, LLC, a Delaware limited liability company and
JRK PROPERTY HOLDINGS, INC., a California corporation, each having
a principal address at 11766 Wilshire Boulevard, Suite 1450, Los
Angeles, California 90025 (collectively as “
Purchaser ”), or its permitted assignee or
assignees as provided in Section 14.4 of the Agreement, and is
joined by AIMCO PROPERTIES, L.P., a Delaware limited partnership
(the “ Guarantor ”).
RECITALS
A. Sellers and Purchaser
are parties to that certain Agreement for Purchase and Sale and
Joint Escrow Instructions, dated September 29, 2008 (the “
Agreement ”) pertaining to the purchase and
sale of those certain real properties located in Georgia more
particularly described on Exhibits A-1 through A-2 attached
to the Agreement (the “ Properties
”). In connection with the Agreement, Guarantor
guaranteed certain payment obligations of the Sellers under the
terms of the Agreement, as set forth therein.
B. Sellers and
Purchaser intend to modify the Agreement in certain respects, as
more particularly set forth hereinafter.
AGREEMENT
NOW, THEREFORE, in consideration of the mutual covenants set forth
herein and for other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, Sellers and
Purchaser hereby agree as follows:
1.
Capitalized
Terms . All capitalized terms
and phrases used herein but no
