Exhibit
10(ii)(l)
SECOND
AMENDMENT TO
PURCHASE
AND SALE CONTRACT
This
Second Amendment to Purchase and Sale Contract (this “
Second Amendment ”) is dated as of June 15,
2009 (" Second Amendment Date "), by and between
SHELTER PROPERTIES V LIMITED PARTNERSHIP, a South Carolina limited
partnership (“ Seller ”), and PRG LAKE
JOHNSON MEWS ASSOCIATES, LLC, a North Carolina limited liability
company (“ Purchaser ”).
RECITALS:
WHEREAS, Seller and Pennsylvania Realty Group, Inc., a Pennsylvania
corporation, entered into that certain Purchase and Sale Contract
dated May 1, 2009, as amended by that certain First Amendment to
Purchase and Sale Contract dated June 3, 2009, and as assigned by
Pennsylvania Realty Group, Inc. to Purchaser on June 9, 2009 (as
amended and assigned, the “ Contract ”),
for certain real property situated in the County of Wake, State of
North Carolina, commonly known as Lake Johnson Mews, and more
specifically described in the Contract (the "
Property "); and
WHEREAS, Seller and Purchaser desire to amend the Contract on the
terms and conditions set forth below.
AGREEMENT :
NOW,
THEREFORE, in consideration of the mutual covenants set forth in
the Contract and herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby
acknowl
