EX-2.4 6 villageass.htm VILLAGE LAKE ASSIGNMENT

Exhibit 2.4

Village Lake Apartments

St. Charles (Waldorf), Maryland

FHA Project No. 052-35481

ASSIGNMENT AND TRANSFER OF LIMITED PARTNERSHIP INTEREST

WITH ACCEPTANCE, ACKNOWLEDGEMENT AND CONSENT

FOR VALUE RECEIVED, the undersigned ("Transferor") hereby sells, assigns, transfers, sets over, delivers and forever and unconditionally relinquishes unto VILLAGE LAKE APARTMENTS LIMITED PARTNERSHIP, a Maryland limited partnership (the "Partnership"), all of Transferor's right, title, and interest in and to the Partnership, constituting a one percent (1%) limited partnership interest in the Partnership, and hereby withdraws from the Partnership.

Dated: November 18, 2002

Address:

222 Smallwood Village Center

St. Charles, Maryland 20602

Transferor:

KEMPT CORPORATION,

a Delaware corporation

By: /s/ J. Michael Wilson

Print: J. Michael Wilson

Title: Vice President

 

 

 

The undersigned, as General Partner of the Partnership, in accordance with applicable provisions of the Partnership Agreement, on behalf of the Partnership and its Partners, hereby acknowledges and accepts the foregoing Assignment and Transfer of Limited Partnership Interest, and the withdrawal by the Transferor from the Partnership, and hereby redeems all interests of the Transferor in the Partnership.

Dated: November 18, 2002

Address:

222 Smallwood Village Center

St. Charles, Maryland 20602

General Partner:

INTERSTATE BUSINESS CORPORATION,

a Delaware corporation

By: /s/ J. Michael Wilson

Print: J. Michael Wilson

Title: Vice President