Alliance
Title
18831
Von
Karman Avenue
Irvine,
CA 92612
Phone
No.
(949) 724-4900; Fax No. (949) 724-4909
AMENDED
/ SUPPLEMENTAL - ESCROW INSTRUCTIONS
Brenda
BurnettlBSB Date:
November 10, 2005
Manager Escrow
No.: 15083848-383-BSB
To: Alliance
Title Company
Property
Address:
3455
East Flamingo Road, Las Vegas. NV
The
above
numbered Escrow is hereby amended and/or supplemented as follows:
Escrow
Holder is authorized and instructed to release the "early release" funds due
Denver Fund I, LTD in the amount of $49,000.00, as mentioned in the amendment
dated October 20, 2005, to Secured Diversified Investment, LTD upon receipt
of
this signed instruction.
At
the
successful close of escrow, escrow holder will credit back to Denver Fund said
sum is the calculations of seller proceeds.
AS
A
MATTER OF RECORD ONLY, WITH WHICH ESCROW HOLDER IS NOT TO BE CONCERNED AND/OR
LIABLE, THE FOLLOWING IS AN AGREEMENT BETWEEN THE PARTIES AND IS BEING ADDED
TO
THESE INSTRUCTIONS AS A MEMORANDUM ONLY TO THIS ESCROW.
In
the
event that this transaction does not close, and a forfeiture occurs, SDI agrees
that the funds mentioned above belong to Denver Fund and as such, a modification
of the management agreement of the subject property will be made so that out
of
owner's distribution of the cash flow, Denver Fund will be reimbursed for these
funds before any distributions of cash flow will be made to SDI.
If
the
forfeiture occurs as above, SDI will additionally execute a 9% note to that
effect, secured by the cash flows from the subject property. However, if the
cash flows do not retire that debt, in no event will the obligation to repay
Denver Fund extend beyond 1 year.
All
other
terms and conditions remain the same.
SELLERS:
Denver
Fund I, LTD
By:
Certified Property Advisors. LLC
General
Partner Secured
Diversified Invest LTD
______________________________ /s/
J.
Wallace Nov.
10, 2005
By:
Paul
F. Winger, President
J.
Wallace, C.E.O Date
Alliance
Title
18831
Von
Korman Avenue
Irvine,
CA 92612
Phone
No.
(949) 724-4900; Fax No. (949) 724-4909
AMENDED
1 SUPPLEMENTAL - ESCROW INSTRUCTIONS
Brenda
Burnett/me Date:
November 10, 2005
Manager Escrow
No.; 15083848-383-BSB
To: Alliance
Title Company
Property
Address:
3455
East Flamingo Road, Las Vegas, NV
The
above
numbered Escrow is hereby amended and/or supplemented as follows:
Escrow
Holder is authorized and instructed to release the "early release" funds due
Denver Fund I, LTD in the amount of $49,000.00, as mentioned in the amendment
dated October 20, 2005, to Secured Diversified Investment, LTD upon receipt
of
this signed instruction.
At
the
successful close of escrow, escrow holder will credit back to Denver Fund said
sum is the calculations of seller proceeds.
AS
A
MATTER OF RECORD ONLY. WITH WHICH ESCROW HOLDER IS NOT TO BE CONCERNED AND/OR
LIABLE, THE FOLLOWING IS AN AGREEMENT BETWEEN THE PARTIES AND IS BEING ADDED
TO
THESE INSTRUCTIONS AS A MEMORANDUM ONLY TO THIS ESCROW.
In
the
event that this transaction does not close, and a forfeiture occurs, SDI agrees
that the funds mentioned above belong to Denver Fund and as such, a modification
of the management agreement of the subject property will be made so that out
of
owner's distribution of the cash flow, Denver Fund will be reimbursed for these
funds before any distributions of cash flow will be made to SDI.
If
the
forfeiture occurs as above, SDI will additionally execute a 9% note to that
effect, secured by the cash flows from the subject property. However, if the
cash flows do not retire that debt, in no event will the obligation to repay
Denver Fund extend beyond 1 year.
All
other
terms and conditions remain the same.
SELLERS:
Denver
Fund I, LTD
By:
Certified Property Advisors. LLC
General
Partner Secured
Diversified Investment, LTD
LTD
/s/
Paul F. Winger, President 11/10/05
By:
Paul
F. Winger, President
Date ____________________
______
Date