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(c) Such loan origination fees or service fees
at commercially prevailing market rates that may
derive from originating or servicing of any
security interests, including mortgages and deeds
of trust, placed upon Partnership property;
(d) Reimbursement of all carrying costs of the
Partnership properties including, but not by way
of limitation, interest on mortgage indebtedness
encumbering the properties, incurred prior to the
admission of the Limited Partners to the
Partnership;
(e) Two-and-one-half percent (2 1/2%) disposi-
tion fee on all resale of Partnership properties
except in connection with an exchange with a
builder for like kind property;
(f) For all unsecured advances of funds to the
Partnership, the General Partner shall be
entitled to interest on all such funds advanced
at the rate of 15% per annum; and
(g) Any difference between costs incurred by the
General Partner on pooled insurance policies for
all partnerships sponsored by the General Partner
and premiums charged to the Partnership for all
risk insurance coverage (including fire and
hazard) for each Partnership property plus the
premium attributable to decreasing the deductible
amount to $100 shall be the property of the
General Partner.
Purchase of Model Houses in Carrollton, Texas, From Raldon
Corp.
EPIC executed a contract entitled Epic Model Home
Purchase and Leaseback Agreement (purchase and leaseback
agreement), dated December 9, 1982, under which it agreed
to purchase five houses located in Carrollton, Texas, from
Raldon Corp. (Raldon) for $485,995 and to lease the houses
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Last modified: May 25, 2011