Saxony Towers Realty, Corp.

Revised 09/28/17 DAA 1

Saxony Towers Realty, Corp. 87-09, 87-10, 88-10 88-11, 34th Avenue

Jackson Height, New York 11372

PROCEDURE TO PURCHASE APARTMENT: The following procedure must be followed for the sale of a cooperative apartment. No sale may occur without first obtaining approval from the Board of Directors of Saxony Towers Realty, Corp. Purchaser must submit (1) ONE Original AND (1) ONE Copy of “Purchase Application Package” TOTAL OF TWO APPLICATIONS with following fees in Money Order OR Bank Certified check ONLY.

1. Non-refundable Processing Fee in the amount of $300.00, payable to John B.

Lovett & Associates, Ltd. (Paid by Purchaser)

2. Non-refundable Criminal Background Fee in the amount of $200.00 PER APPLICANT, payable to John B. Lovett & Associates, Ltd. Please note that everyone over the age of 18 must complete the authorization form. (Paid by Purchaser).

3. Non-refundable Credit Report in the amount of $75.00 PER APPLICANT, payable

to John B. Lovett & Associates, Ltd. (Paid by Purchaser). 4. Refundable Move-in deposit in the amount of $500.00, payable to Saxony Towers

Realty Corp. (Paid by Purchaser) 5. Refundable Move-out deposit in the amount of $500.00, payable to Saxony

Towers Realty Corp (Paid by Seller)

**Please note that all applications are date stamped upon receipt and processed within 3-4 weeks in the order in which they are received. There is an option to have the application processed in our office within 72 hours and forwarded to the board. The expedite fee is not a mandatory fee, however, should you wish to use this service, the fee is $250 payable to John B. Lovett & Associates, Ltd. and is a non-refundable fee. Please note that the expedite fee is only to have the application processed by our office within 72 hours of receipt. It does not expedite the board’s review, nor does it guarantee that the application will be approved. If you decide to have your application expedited, please submit the $250.00 fee along with the enclosed expedite authorization form with the completed application along with the above mentioned listed fees.**

Your completed package with ALL fess must be sent to: John B. Lovett & Associates, Ltd.

109-15 14th Avenue College Point, New York 11356

Attention: Donna Achaia Email: [email protected]/Phone: 718.559.0264

mailto:[email protected]/Phone


PLEASE NOTE THE FOLLOWING Pet Policy: PETS ALLOWED (ALL Dogs must be small AND licensed. They must be

registered with building superintendent for a one-time $100 registration fee).

Maximum Financing will be permitted up to 90% of the purchase price(down payment cannot be lower than 10% of purchase price)

Interview: All applicants/occupants age 18 and over must be present at the Board interview

Insurance: New residents are required to obtain liability and property insurance with fire and water damage coverage equal to the value of the entire contents of the apartment; the policy must specifically insure a cooperative apartment (not a rental apartment)

Fees: all fees must be submitted in the form of money order or certified check

Applications: all incomplete applications will be returned to sender. Do not bind or staple applications together. Binder clip or rubber band is required

Processing Time Frame: processing of your application takes approximately 3-4 weeks Additional Information: If this application is accepted, the applicant will NOT, without the prior

written consent of the Board: Pledge or create a security interest in the shares and Proprietary Lease for the

apartment; Make any structural alterations to the apartment; Sublease the apartment WITHOUT Board Approval Permit any person to reside in the apartment who is not so authorized by the

Proprietary Lease; Use the apartment for other than residential purposes; Violate any provision of the Proprietary Lease, By-Laws or House Rules.

Move in/out: Both seller and purchaser must adhere to the co-op’s policy regarding moving in and out. Move in/out security deposits are refundable only after the move is complete, the House Rules have been adhered to, and no damage has been done to any part of the building. Moves are allowed Monday-Friday 9:00 am to 5:00 pm. NO WEEKEND OR HOLIDAY MOVES.

Property of Application: the original application and all submitted documents become the property of the cooperative/condo corporation. if the application is approved, the original application will not be returned for any reason. in the event an application is denied, the original application will be returned if requested in writing within 30 days of issuance of the denial letter

Power of Attorneys: if the seller or buyer are being represented by a POA (power of attorney representative), please make sure to include a copy of the POA within the submission along with a full force affidavit if the POA was issued over 12 months ago (please contact your attorney for further details).

Estate Sales: SELLERS MUST provide copies of death certificate and Letter of Testamentary indicating that they are the Executor of apartment and is authorized to sell the unit.

It should be noted that upon submission, the original application and all submitted documents become the property of the Cooperative Corporation. If the application is approved, the original application will not be returned for any reason. In the event an application is denied, the original application will be returned if requested in writing within 30 days of issuance of the denial letter.


Authorization to Expedite Application

I am aware, as is stated in the Resale and Sublease application agreement; it takes

approximately 3 to 4 weeks for the Managing Agent to process, once the application is

accepted as complete.

However, I am under a time constraint and I am requesting the Managing Agent

expedite the processing of my application. I am aware the expediting of my

application only provides the application will be processed by the Managing

Agent within 72 hours of receipt of receiving my completed application, and

forwarded to the Board of Directors for consideration.

I am aware that the expedite fee does not expedite the Board of Directors review of my

application, nor does it guarantee approval by the Board of Directors.

Applicants Name _____________________________________ Applicants Signature __________________________________ Building Saxony Towers Realty, Corp. Address: __________________ Apartment ______________________ Date __________________________________________________


IMPORTANT INFORMATION REGARDING YOUR SOCIAL SECURITY NUMBER

PROTECTING YOUR PRIVACY In order to protect your privacy please remove / blackout your social security number from each financial institution document inserted into the application.

Financial condition (net worth)

Tax returns

Personal loans

Bank statements o IRA o CD’s o Savings

The Credit & Criminal Background Agency Authorization Forms in the application are the only form that requires your Social Security number. These forms containing your Social Security number will be shredded in our office as soon as we submit the information to the Credit Agency and obtain your reports. If you have any questions please contact the Management Office.

ALL SOCIAL SECURITY NUMBERS SHOULD BE REMOVED/BLOCKED

OUT FROM TAX RETURNS AND ANY OTHER DOCUMENTS.


IMPORTANT NOTES Due to the large volume of calls, and applications, received by this office, we kindly ask that you refrain from calling for an update, during the three-four (3-4) weeks processing period. When an update is available, we will contact your point person, which we recommend should be your Real Estate Broker, or in the absence of a Broker your Attorney. Please advise all parties involved and provide them with the brokers and/or attorney’s contact information. In an effort of fairness, we must process applications on a first come first serve basis. If you are concerned about the receipt of the package, please use a method of return receipt via USPS, Fed Ex, messenger service or hand delivery, etc. If there is a problem with the application submitted you will be notified accordingly. Please be advised that submission of an incomplete package may extend the three week processing period. After the application is processed and submitted to the Board you will be advised, via telephone, or e-mail, on the next step of the process. Please provide an e-mail address/phone below and advise us who the point person, (main contact) is. Please be advised that all parties will not be called/emailed, only the main contact.

Brokers: Replace your purchase and lease applications by visiting our website

for the updated applications, www.lovettrealty.com Submission of old packages will cause delays in the processing. Please provide your bank/mortgage broker/appraiser with the attached information. Thank you for your cooperation.

http://www.lovettrealty.com/


MOST REQUESTED ITEMS THAT YOU MAY NEED

FOR PURCHASE, REFINANCE & EQUITY LINE OF CREDIT.

Please note personal checks will not be accepted. All payments must be in the form of Bank certified check, Money order or Company Checks, payable to John B. Lovett & Associates, Ltd. Credit Cards are not accepted. Please note all contact information and fees for the following items:

ITEM

COST

CONTACT PERSON

CONTACT #

MISC. INFO

Questionnaire

$250

Front Desk

(718) 445 9500 x110 [email protected]

Please mail $250 with questionnaire and reference the Building & Apartment #.

Building Insurance

$0.00 (Free)

Front Desk


Front Desk will provide Insurance Broker’s name and phone number.

Financials

$20

Front Desk


Please note we charge $20 for each year. Payment must be received with request

By-Laws

$25

Front Desk


Located in Offering Plan. Please note payment must be received with request.

Most Recent Amendment

$25

Front Desk


Located in Offering Plan. Please note must be received with request.

Offering Plan (Black Book)

$300

Front Desk


Please note payment must be received with request.

ALL PAYMENTS, FORMS &/OR REQUESTS SHOULD BE SENT TO: JOHN B. LOVETT & ASSOCIATES, LTD. 109-15, 14TH AVENUE COLLEGE POINT, NY 11356

mailto:[email protected]







Purchase Application

TABLE OF CONTENTS

Cooperative Purchase Application > > > > Section 1 Financial Condition (Net Worth) > > > > Section 2 Contract of Sale > > > > Section 3 Financing Information > > > > Section 4 Tax Returns & W2 > > > > Section 5 Letter from Previous Landlord > > > > Section 6 Letter from Employer > > > > Section 7 Personal Reference Letters > > > > Section 8 Substantiating Documentation > > > > Section 9 Letter regarding Homeowners Insurance > > > > Section 10 Source of Funds > > > > Section 11

Acknowledgment for Parking > > > > Section 12 Window Guard Questionnaire > > > > Section 13 Move-In/Move-Out Security Deposit Form > > > > Section 14 Credit Agency Authorization > > > > Section 15 Nameplate Request and Key Approval > > > > Section 16 Acknowledgment of House Rules > > > > Section 17 Lead Disclosure Statements > > > > Section 18 Pet Registration Form > > > > Section 19

Purchasers Assumption Form > > > > Section 20


SECTION I

CO OPERATIVE PURCHASE APPLICATION


Saxony Towers Realty Corp John B. Lovett & Associates, Ltd. 87-09, 87-10, 88-10, 88-11 34th Avenue 109-15 14th Avenue Jackson Heights, New York 11375 College Point, New York 11356

PURCHASE APPLICATION FOR COOPERATIVE

Purchaser:_____________________________ Purchaser:_____________________________ Purchaser’s Attorney:______________________ Telephone:________________ Email:___________________ Attorney’s Firm and Address:________________________________________ ________________________________________ ________________________________________ ________________________________________ Building: Saxony Towers Realty Corp

Address:__________________________ Apt. No.:_______ Number of Shares:________________ Monthly Maintenance:____________ Purchase Price:__________________

Financing: ______No ______Yes Amount:________________ Bank:__________________________________ __________________________________ Broker:_________________________________ Company:_______________________________ Address:________________________________ ________________________________ Telephone:______________________________

Seller’s Name:____________________________ Forwarding Address:________________________Telephone:_______________ ________________________ ________________________

Seller’s Attorney:__________________________ Telephone:_______________ Attorney’s Firm and Address:_________________Email ____________________ _________________________________________ _________________________________________

Anticipated Closing Date:____________________ Anticipated Date of Possession:________________


Purchaser:__________________________ Home Address:_________________________ _________________________

Email:____________________ Cell #: _________________________ Home #___________________ Length of Occupancy:_____________________Rent:_____________________ Employer’s Company Name & Address___________________________________ ___________________________________ ___________________________________ Telephone:__________________________Supervisor:___________________ Salary Per Annum:____________________ Commission & Bonus:____________

Spouse/Co-Applicant:_____________________

Employer’s Company Name & Address:__________________________________ __________________________________ __________________________________

Telephone:_________________________Supervisor:___________________

Salary Per Annum:____________________ Commission & Bonus:____________

Name of all persons and relationships who will reside in apartment and, if children, please state

age:_________________________________________________________ ____________________________________________________________ Name of all residents in the building known by applicant:________________________

____________________________________________________________ Does Applicant plan alterations to apartment? If so, please specify: ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ LANDLORD REFERENCES:

Present Landlord or Agent:___________________________________________ Address:______________________________________________________ Telephone:_______________ Address of previous residence and approximate length of occupancy, if less than 2 years with

current landlord:_____________________________________________________

________________________________________________________________


FINANCIAL REFERENCES: (Please list first the bank, type of account (savings, checking, money market, etc.) and account number with the most assets).

a. Bank:___________________________________________________ Address:_________________________________________________ _______________________________________________________

Type of Account:____________________________________________ Last 4 digits of account number _ _______________________

b. Bank:___________________________________________________ Address:_________________________________________________ _______________________________________________________

Type of Account:____________________________________________ Last 4 digits of account number _ _______________________ c. Bank:___________________________________________________

Address:_________________________________________________ _______________________________________________________

Type of Account:____________________________________________ Last 4 digits of account number _ _______________________

d. Certified Public Accountant, if any:_________________________________ Address:_________________________________________________ BUSINESS PROFESSIONAL REFERENCES:

1. Name & Address:___________________________________________ __________________________________________ __________________________________________

2. Name & Address:___________________________________________ ___________________________________________ ___________________________________________

SPECIAL REMARKS:

Please give any additional information which may be pertinent or helpful:

___________________________________________________________ ___________________________________________________________ ___________________________________________________________ The undersigned hereby affirms that the information contained in this application is true and accurate to the best of her knowledge and belief.

Signature of Purchase Applicant:___________________________

Signature of Spouse/Co-Applicant:__________________________


SECTION 2

FINANCIAL CONDITION (NET WORTH)


STATEMENT OF FINANCIAL CONDITION Please note that all information listed here should have documentation

Name:_____________________________________ FILL ALL BLANKS, WRITING “NO” OR “NONE” WHERE NECESSARY TO COMPLETE INFORMATION

ASSETS LIABILITIES

Cash in Banks:______________________ Notes Payable: Savings & Loan Shares: ________________ To Banks:____________________ Earnest Money Deposited:______________ To Relatives:__________________ Investments: Stocks & Bonds:____________ To Others:___________________

(see schedule) Installment Accts Payable:

Investment in own Business:_____________ Automobile:__________________

Real Estate owned (see schedule) Other:______________________ _______________________________ Other Accounts Payable:_______________

Automobiles: (Year & Make) Mortgages Payable on Real Estate:

_______________________________ (see schedule)________________ _______________________________ Unpaid Real Estate taxes:______________ _______________________________ Unpaid Income taxes:_________________ _______________________________ Chattel Mortgages:___________________ Personal property & Furniture:____________ Loans on Life Insurance Policies: Life Insurance: (Include Premium Advance): Cash Surrender Value:____________ __________________________ Other Assets – itemize: ________________ __________________________ Other debts – itemize:_________________ ________________________________ __________________________ ________________________________ __________________________

__________________________ Total Assets:_______________________Total Liabilities:____________________

Net Worth:________________________

PURCHASER & SPOUSE SOURCE OF INCOME

Base Salary:_______________________ Other Income:______________________ Bonus & Commissions:________________ Dividends & Interest Income:_____________ Real Estate Income (Net):_______________Spouse Income (specify):_______________ Other Income – itemize:________________ ________________________________

Total Annual Income:_________________

CONTINGENT LIABILITIES GENERAL INFORMATION

As Endorser or Co-maker on Notes:_____________ Personal Bank Accounts carried at:

Alimony Payments (Annual):__________________ __________________________ Are you a defendant in any legal action?:__________ Savings & Loan Account at:

Are there any unsatisfied judgments?:____________ __________________________ Have you ever taken bankruptcy?:______________ Purpose of Loan: Explain:__________________________ __________________________ __________________________ __________________________


SCHEDULE OF STOCKS AND BONDS Non-Marketable

Amount or Marketable (Unlisted Securities) No. Shares Description Actual Market Value Estimated Worth

________ ____________________ ______________ ______________ ________ ____________________ ______________ ______________ ________ ____________________ ______________ ______________ ________ ____________________ ______________ ______________

SCHEDULE OF CASH IN BANKS AND BROKERAGE

Location Account Balance

__________________ ___________________ _______________ __________________ ___________________ _______________ __________________ ___________________ _______________ __________________ ___________________ _______________ __________________ ___________________ _______________ SCHEDULE OF REAL ESTATE

Actual Market Mortgage Description & Location Cost Value Amount Maturity

__________________ _________ ______________ ________________ __________________ _________ ______________ ________________ __________________ _________ ______________ ________________ SCHEDULE OF NOTES PAYABLE Specify any assets pledged as collateral, indicating the liabilities which they secure: To Whom Payable Date Amt Due Interest Assets Pledged as Security

_____________ ____ ____ ____ _____ _____________________ _____________ ____ ____ ____ _____ _____________________ _____________ ____ ____ ____ _____ _____________________ _____________ ____ ____ ____ _____ _____________________ _____________ ____ ____ ____ _____ _____________________ The foregoing statements and details pertaining thereto, both printed and written, have been carefully read and the undersigned hereby solemnly declares and certifies that same is a full and correct exhibit of my/our financial condition. Date:________________ Signature of Purchase Applicant:_____________________ Signature of Spouse/Co-Applicant:____________________


SECTION 3

INSERT

CONTRACT OF SALE HERE (Contract must be legible)

(Corporation requires a minimum cash down payment of 10% of the purchase price)


SECTION 4

MUST INSERT COMMITMENT LETTER, 3 ORIGINAL RECOGNITION

AGREEMENTS (signed by applicants and bank) & OTHER FINANCING INFORMATION

HERE (OR APPLICATION WILL BE RETURNED TO SENDER)

(Corporation requires a minimum cash down payment of 10% of the purchase price. The maximum financing is 90%)


SECTION 5

INSERT LAST 2 YEARS

FEDERAL TAX RETURNS WITH W-2 FORMS (THE COMPLETE TAX RETURN SHOULD BE INCLUDED)

HERE

(PLEASE REMOVE ALL SOCIAL SECURITY # FROM ALL PAGES OF TAX

RETURNS & W2)


SECTION 6

INSERT

LETTER FROM PREVIOUS LANDLORD INDICATING LENGTH OF STAY

& CURRENT PAYMENT HISTORY HERE

(A letter of explanation should be included if you cannot provide one)


SECTION 7

INSERT LETTER FROM EMPLOYER

STATING EMPLOYMENT PERIOD, TITLE & CURRENT SALARY

& COPY OF LAST THREE PAY STUBS HERE

(IF RETIRED, PLEASE SUBMIT THE FOLLOWING: SOCIAL SECURITY AWARD LETTER, PENSION AWARD LETTER, BANK INTEREST FORM 1099 AND

DIVIDEND FORM 1096)

(IF SELF-EMPLOYED, INCOME MUST BE VERIFIED BY ACCOUNTANT’S CERTIFICATION AND A BUSINESS FINANCIAL STATEMENT FROM YOUR

ACCOUNTANT IS REQUIRED AS WELL AS LAST TWO YEARS BUSINESS OR CORPORATION TAX RETURNS SHOULD BE SUBMITTED)


SECTION 8

INSERT TWO (2) PERSONAL REFERENCES

LETTERS HERE


SECTION 9

INSERT SUBSTANTIATING DOCUMENTATION

SUCH AS, BANK STATEMENT, IRA, CD, SAVINGS, AND ANY OTHER

ASSETS {LAST 3 MONTH’S OF EACH STATEMENT (complete copies

should be provided)...WHERE APPLICABLE}

HERE


SECTION 10

HOMEOWNERS INSURANCE

(LETTER FROM APPLICANT (S) STATING THAT THEY WILL OBTAIN HOMEOWNERS INSURANCE AND WILL SUPPLY PROOF/COPY OF INSURANCE

AT CLOSING)


SECTION 11

INSERT STATEMENT FROM THE APPLICANT EXPLAINING, IN DETAIL, THE SOURCE OF FUNDS FOR THE PURCHASE

OF THE APARTMENT.

PLEASE PROVIDE DOCUMENTATION TO SUPPORT STATEMENT


SECTION 12

ACKNOWLEDGMENT FOR PARKING


ACKNOWLEDGMENT FOR PARKING & STORAGE LOCKERS

Saxony Towers Realty, Corp.

John B. Lovett & Associates, Ltd., Managing Agent 109-15 14th Avenue

College Point, New York 11356 718-445-9500

If there is a Parking Space and/or a Storage Locker rendered to the Seller of the apartment, be advised that parking space and/or storage locker are not included with the sale of the apartment. The parking/storage locker will be turned over to the Shareholder Pool for the next shareholder on the waiting list. Your name is added to the list only after closing. Please indicate by your signature below that the above is fully understood and agreed upon by the Purchaser. Signature of Purchaser:_______________________________________ Name of Seller:_____________________________________________


SECTION 13

WINDOW GUARD QUESTIONNAIRE


WINDOW GUARD QUESTIONNAIRE

LEASE NOTICE TO TENANT

W I N D O W G U A R D S R E Q U I R E D You are required by law to have window guards installed in all windows if a child 10 years of age or younger lives in your apartment. Your landlord is required by law to install window guards in your apartment if you ask him to install window guards at any time (you need to give a reason), OR If a child 10 years of age or younger lives in your apartment. It is a violation of law to refuse, interfere with installation, or remove window guards where required. Check One:

_____ Children 10 years of age or younger live in my apartment _____ No Children 10 years of age or younger live in my apartment _____ I want window guards even though I have no children 10 years of age or younger Tenant:________________________________________________ Tenant’s Signature:______________________________________Date:____________ Tenant’s Address:______________________________________ ______________________________________

For further information call: Window Falls Prevention 212-676-2158


SECTION 14

MOVE IN / MOVE OUT SECURITY DEPOSIT FORM


MOVE-IN/MOVE-OUT AGREEMENT (English Version)

Saxony Towers Realty Corp. John B. Lovett & Associates, Ltd., Managing Agent


718-445-9500

The undersigned hereby agree to comply with the provisions of the Rules and Regulations of the Saxony Towers Realty Corp. in the delivery (Move-In) or the removal (Move-Out) of furniture, furnishings, and personal property from the apartment identified below. In addition, the undersigned agrees to the following policy and procedures established by the Board of Directors:

1. The payment of the following fees at the time of scheduling and in advance of the Move-In:

a. By certified check, bank, check or money order, the amount of Five Hundred

($500.00) Dollars, payable to Saxony Towers Realty Corp., as a Security Deposit for the Move-In, which shall be refunded to the under signed, subject to the condition as hereafter provided.

b. By certified check, bank check or money order, the amount of Five Hundred

($500.00) Dollars, payable to Saxony Towers Realty Corp. as a Security Deposit for Move-Out, which shall be refunded after final inspection by the Superintendent/Management that no damage has occurred during the move.

2. The date of the Move-In or Move-Out from the apartment must be scheduled with

building superintendent, Sokol at 718-803 0638 one week in advance. It is understood that the total amount of the Security Deposit shall be forfeited if the resident fails to do the following: a. Schedule the Move-In or Move-Out of property with the Superintendent’s Office

(or arranges for the delivery or removal of property from the apartment at other than the time scheduled.

b. Moving in/out of the building must be done on weekdays ONLY between

the hours of 9:00 a.m. and 5:00 p.m. ALL MOVES MUST BE COMPLETED BY 5:00 P.M. NO EXCEPTION WILL BE MADE.

3. Any carrier engaged for the delivery or removal of property shall be advised to

comply with the instructions of the Building Staff assigned for the monitoring and supervision of the Move-In or Move-Out.

4. In addition, a Certificate of Insurance from your moving company for

Workmen’s Compensation and Public Liability Insurance in the amount of $500,000 property damage and $500,000/$1,000,000 bodily injury must be provided to the Managing Agent. The certificate must name Saxony Towers Realty Corp. and John B. Lovett & Associates, Ltd. as Additional Insured.

5. The undersigned shall be responsible for damages caused in the common elements

of the Saxony Towers Realty Corp. during the process of the Move-In or Move-Out.

6. The cost for repairs and replacements for damages to the common elements caused by and during the Move-In or Move-Out shall be deducted from the amount of the


Security Deposit. The amount of the cost for any repairs and replacements resulting from the damages attributed to the Move-In or Move-Out from the apartment shall be the sole determination of the Managing Agent which shall be based upon prevailing costs for similar repairs and replacements.

7. It is further understood that the amount due or payable to the undersigned from the

SECURITY DEPOSIT may not be assigned to another party.

AGREED: DATE OF MOVE:____________ Name of Shareholder:__________________________________ Apt. No.:__________ Signature of Shareholder:_______________________________ Date:_____________ Name of Purchaser/Subtenant:___________________________ Date:_____________ Signature of Purchaser/Subtenant:_________________________________

Forwarding Address for return of Move-Out Deposit (Please print name and address clearly). If the unit is currently vacant and a Move-Out Deposit is not required, please indicate “N/A” below. Address:____________________________________________________________________________ _____________________________________________________________________________ Phone #:__________________________________Email_____________________________________


RE: Acuerdo de Mudanza (En Espanol) ______________________________________________________ El abajofirmante por la pesente se compromete, a cumplir las reglas y regulaciones de la corporacion de Bienes inmuebles de Saxony Towers, en la mudanza al edificio, o mudanza fuera del edificio, tales como mobiliario y efectos personales, del apartamento identificado abajo. Ademas, el abajofirmante esta de acuerdo con la politica bajo la politica que se aplica siguiente y procedimiento establecido por la junta directiva. POR FAVOR SEA INFORMADO ESTO ANTES DE MUDARSE A / O DE SAXONY TOWERS, COMO UN COMPRADOR O UN ARRENDATARIO. USTED DEBE SOLICITAR PRIMERO UN PAQUETE DE APLICACION A JOHN B. LOVETT. CONTESTAR UNA CITA PARA ATENDER UNA ENTREVISTA CON LOS MIEMBROS DE LA JUNTA DIRECTIVA, SOLO DESPUES DE CUMPLIR ESTOS PASOS Y SER APROVADO POR LA JUNTA DIRECTIVA BAJO LA POLITICA QUE SE APLICA. ALGUIEN QUE SE MUDA SIN CUMPLIR ESTOS REQUISITOS ESTARA SUJETO A DESAHUCIO INMEDIATO.

1. El pago de los honorarios siguientes en el momento de programación y antes de mudar:

a. Por cheque certificado, banco, control o giro postal, la cantidad de Quinientos

Dólares (de 500.00 dólares), pagaderos al Corp. de Bienes inmuebles de Saxony Towers, como un Depósito de Seguridad para la Mudanza - EL, que será reembolsado al bajo firmado, sujeto a la condición como a continuación proporcionado.

b. Por cheque certificado, cheque o giro postal, la cantidad de Quinientos Dólares

(de 500.00 dólares), pagaderos al Corp. de Bienes inmuebles de Saxony Towers como un Depósito de Seguridad al mudarse, será reembolsado después de la inspección final por el Superintendente/Dirección que ningún daño ha ocurrido durante el movimiento.

2. La fecha del Movimiento - En o Se muda del apartamento debe ser programado con

el edificio del superintendente, del edificio, Sokol en (718) 803 0638 una semana de antemano. Es entendido que el importe del Depósito de Seguridad será perdido si el residente deja de hacer lo siguiente:

c. Programe el Movimiento - En o Múdese de la propiedad con la Oficina del

Superintendente (o hace los arreglos para la entrega o el retiro de la propiedad del apartamento en además del tiempo programado.

d. El movimiento en/de el edificio debe ser hecho durante días laborables

SÓLO entre las horas de a las 9:00 a.m. y a las 5:00 p.m TODOS LOS MOVIMIENTOS DEBEN SER COMPLETADOS hacia las 5:00 p.m. NINGUNA EXCEPCIÓN SERÁ HECHA.

3. Cualquier portador engranó para la entrega o se aconsejará que el retiro de la

propiedad cumpla con las instrucciones del Personal de Edificio adjudicado para la escucha y la supervisión del Movimiento - En o Se mude.

4. Además, un Certificado de seguros de su compañía de movimiento para

Compensación de los Trabajadores y Seguro de Responsabilidad Civil Público en cantidad de daño a la propiedad de 500,000 dólares y daños corporales $500,000/$1,000,000 debe ser proporcionado al Agente Gerente. El certificado


debe llamar el Corp. de Bienes inmuebles de Saxony Towers y John B. Lovett and Associates, Ltd como Adicional Asegurado.

5. El abajo firmante será responsable de daños causados en los elementos comunes

del Corp. de Bienes inmuebles de Saxony Towers durante el proceso del Movimiento - En o Se mudará.

6. El costo para reparaciones y reemplazos de daños a los elementos comunes

causados por y durante la mudanza - En o Se muda será descontado de la cantidad del Depósito de Seguridad. La cantidad del costo para cualquier reparación y reemplazos que resultan de los daños atribuidos al Movimiento - En o Se muda del apartamento será la única determinación del Agente Gerente que estará basado sobre gastos de predominio para reparaciones similares y reemplazos.

7. Es entendido adelante que la cantidad debida o pagadera al abajo firmante del

DEPÓSITO DE SEGURIDAD no puede ser adjudicada a otro partido.

8. POR FAVOR SEA INFORMADO QUE ES PROHIBIDO alquilar cuartos en su apartamento y/o permitir que la gente adicional se moviera en su apartamento sin aquella persona que pasa por el proceso de aplicación y aprobada primero. (A excepción de su marido, esposa, novia, novio o niños.)

CONCORDADO: LA FECHA DE MUDAR:____________ El Nombre de Accionista: _________________________________ Apt. No.:______ La firma de Accionista: _______________________________ Date:_____________ El Nombre de Comprador/Subarrendador:____________________ Date:_____________ La Firma de Comprador/Subarrendador: _________________________________ La Nueva dirección para el reembolso del deposito (Por favor imprima el nombre y dirección claramente). Si la unidad es vacante actualmente y no se requiere un Depósito Mudarse, por favor indique “N/A” abajo. Dirección:____________________________________________________________________ ____________________________________________________________________________ Número de teléfono #:__________________________________ Correo electrónico: _____________________________


SECTION 15

AUTHORIZATION FOR

CREDIT AGENCY

& CRIMINAL BACKGROUND

CHECK


CREDIT AGENCY AUTHORIZATION

Authorization for THE LOVETT GROUP to obtain a credit report

In order to comply with the provisions of 15 U. S. C. Section 1681(d) of the Federal Fair Credit Reporting Act, I (we) authorize you to retain CREDIT VIEW, INC. which agency may obtain, prepare and furnish an investigative consumer report including information on my character and general reputation, personal characteristics and mode of living, whichever are applicable, as well as information regarding employment, credit, criminal, and current financial position. If this is an application, I (we) further authorize John B. Lovett & Associates, Ltd., at its discretion, to make a copy of such credit report available to the owner of the unit, which I (we) propose to lease. In addition, within a reasonable period of time, upon written request to John B. Lovett & Associates, Ltd., I (we) may obtain a complete and accurate disclosure of the nature and scope of the investigation requested. Receipt is acknowledged to the summary of rights enclosed herewith.

PLEASE PRINT CLEARLY Purchaser/Lessee (Print): _________________________________________ Purchaser/Lessee Signature: __________________________________________ Social Security #: __________________________________________ Address: __________________________________________ __________________________________________ --------------------------------------------------------------------------------------------------------------------- Purchaser/Lessee (Print): __________________________________________ Purchaser/Lessee Signature: ___________________________________________ Social Security #: ___________________________________________ Address: __________________________________________ __________________________________________

Date:___________________

BUILDING REFERENCE: Saxony Towers/Bldg: _________ /APT#______________


RELEASE OF INFORMATION AUTHORIZATION

AUTHORIZATION TO OBTAIN A CRIMINAL REPORT I hereby authorize any individual, company or institution to release to John B. Lovett & Associates, Ltd., and/or its representative any and all information that they have concerning any criminal activity on a State and/or Federal Level. I hereby release the individual, company or institution and all individuals connected therewith from all liability for any damage whatsoever incurred in furnishing such information. Print Name: _______________________ Date of Birth ________________

Address: ______________________________ Sex: Male ____ Female ____

City/State/Zip: ______________________________________ Social Security Number: _______________________________ Signature: __________________________________________

Print Name: _______________________ Date of Birth ________________ Address: ____________________________ Sex: Male____ Female ____ City/State/Zip: ______________________________________ Social Security Number:_______________________________ Signature: __________________________________________

BUILDING REFERENCE: Saxony Towers/Bldg: _________ /APT#______________


SECTION 16

NAMEPLATE REQUEST &

KEY APPROVAL


NAME PLATE REQUEST & KEY APPROVAL

Saxony Towers Realty Corp. John B. Lovett & Associates, Ltd.


718-445-9500

Please complete the information requested on the form and acknowledge that you will supply the superintendent with a set of keys upon moving into your apartment. Bldg. Address: ________________________ Apt. No.:_______________ Name on Mailbox:__________________________________ Name on Directory:_________________________________

I (we) acknowledge that a set of keys to the apartment must be given to the superintendent upon moving in. Signature:_______________________________________ Date:_______________


SECTION 17

ACKNOWLEDGMENT OF HOUSE RULES & QUALITY OF LIFE

INFRACTIONS


TO: All Resident Shareholders and Renters English Version Non-Resident Shareholders of Saxony Towers FROM: Josh Markewich Co-Op Board President DATE: January 7, 2010 RE: QUALITY OF LIFE AND RULES INFRACTIONS AT SAXONY TOWERS REALTY CORP. ______________________________________________________________________ Due to recent noticeable increases in infractions of the rules and regulations of Saxony Towers which negatively impact the quality-of-life of all residents, as well as causing more work for the Superintendent, Property Manager, and staff, it is necessary to issue this memo as both a reminder and a warning to all shareholders, renters, of the Co-Op. It is important to understand that it is a privilege, not a right, to own or rent an apartment at Saxony. Those who violate the rules forfeit their privilege of living and/or owning an apartment here. Unfortunately, all it takes is a few residents violating the rules to lower the quality-of-life for the majority of residents who follow the rules. Below I have listed some of the more frequently violated rules and regulations. The Board, Superintendent, and Property Manager will vigorously enforce these rules. Anyone who is caught violating them, or whose tenants, family members, and/or visitors are caught violating them will be subject to one or more of the following: A fine of $250 per infraction, loss of privileges such as use of the laundry room, and/or eviction proceedings. I thank everyone for their cooperation. Please report any infractions that come to your attention to the Super or Property Manager for further action.

LOITERING- Loitering and hanging out in the lobbies, hallways, or stairways within the buildings and on the entrance porches or entrance walkways that are within the Co-Op's property is strictly prohibited. Loitering means that you are spending more than a short and reasonable amount of time there for appropriate purposes such as waiting for a cab or a delivery. If you are just there to hang out, you are violating the Co-Op's rules. The playground is available during designated hours if you wish to spend time outside on Saxony Towers property.

LAUNDRY ROOMS- Carts are not allowed to be removed from the laundry rooms for any reason, including bringing laundry to or from your apartment. Carts can only be used for CLEAN laundry. You must remove your laundry from the machines within 5 minutes after it has finished.

MOVING IN, MOVING OUT, BUYING, SELLING, RENTING APARTMENTS- The rules for these subjects have been covered in detail in a separate memo distributed with this memo and they are now and will continue to be strongly enforced.

DOGS- As per the updated House Rules dated January 2008, the only dogs allowed in the Co-Op are dogs who lived here before that date. Those dogs must be licensed with the City and registered with the Co-Op. All dog owners must clean up any mess their dog makes on the Co-Op property, keep the dog's noise to a reasonable level, and bring the dog outside or back inside THROUGH THE BASEMENT ONLY, NOT THROUGH THE LOBBY. In addition, all dogs must be leashed at all times while on Co-Op property. If you brought a dog here to live with you after January 2008 and it comes to our


attention, or if you bring a dog here in the future, you will be told to get rid of the dog immediately. Any exceptions to this policy must be approved by the Co-Op Board. This policy may be unfortunate, but it was caused by people who failed to control or clean up after their dogs.

LARGE PACKAGES, FURNITURE, SHOPPING CARTS, BICYCLES, ETC...- These items must be delivered or brought in by residents through the basements only, not through the lobby. In the event that a large item doesn't fit in the elevator and therefore needs to be brought in through the lobby and carried up the stairs, the Superintendent must be informed first and he must be there to monitor the situation.

GARBAGE DISPOSAL- All regular garbage must be bagged and dumped down the compactor chutes on each floor. All recyclables and other garbage that is too large for the chutes must be brought down to the basement garbage rooms and placed in the appropriate garbage can or floor area. Garbage is never to be left in the compactor rooms or in the hallways. If you need assistance disposing of your garbage for any reason, please contact the Superintendent.

LOUD NOISE AFTER 11:00 P.M.- Loud and disturbing noise should not be made in excess at any time of the day or night, but after 11:00 P.M. it is strictly prohibited. This includes noise from parties, loud music, use of loud appliances such as vacuum cleaners, and all other sources of excessive noise.

APARTMENT RENOVATIONS- Apartment renovations are only permitted to take place between 9 to 5 Monday through Friday, not including legal holidays. All renovations must be done by a licensed and insured contractor and you must put down a $500 refundable deposit. The Super or the Property Manager will give you a form for you and your contractor to prepare, and the work may not start under any circumstances before the Property Manager gives the final approval.

VANDALISM AND DESTRUCTION OF PROPERTY- Vandalism of any part of Saxony Towers' property, graffiti, destruction of property, and/or tampering with property such as the security cameras is strictly prohibited.

GARAGE SPACES- One vehicle per space is permitted in the garage. Storing anything else in your parking space is prohibited.

OBJECTS ON FIRE ESCAPES- It is against the law to store any objects on the fire escapes, even temporarily, and the Co-Op can get fined if this happens. You may not place any objects on the fire escapes, including but not limited to plants and flowers, cleaning supplies, toys, drying clothes, etc...


TO: Todos los Accionistas y los Arrendatarios Residentes En Espanol de Saxony Towers

FROM: Josh Markewich, El Presidente de Bordo de Cooperativa Date: El 9 de Noviembre, 2009 RE: INFRACCIONES DE LA CALIDAD DE VIDA Y DE LAS REGLAS EN BIENES RAICES DE SAXONY TOWERS ______________________________________________________________________ Debido al recien aumento de infracciones en las reglas de Saxony Towers, que afecta negativamente la calidad de vida de todos los residentes, asi como causando mas trabajo para el gerente de propiedad, Superintendents y todo el personal. Es necesario publicar este memorandum, como recordatorio y como advertencia para todos los residentes, accionistas y arrendatarios de la cooperativa.

Es impotante entender que este es un previlegio, no un derecho a poseer o alquilar un apartamento en Saxony Towers. Aquellos que violen las reglas pierden este privilegio de vivir o poseer un apartamenro aqui lamentablemente algunos residentes violan estas reglas y bajan la calidad de vida de las personas que si cumplen con estas abajo tengo una lista de algunas de las mas frecuentes violaciones a las reglas. La junta directiva, el gerente de propiedad y el superintendente, haran cumplir energicamente estas reglas. Alguien que sea sorprendido violandolas, miembros, arrendatarios, familiars o amigos invitados sera sujetos a uno o varios de lo siguiente. Una multa de $250.00 dolares por infraccion, perdida del privilegios como el uso de el lavadero, y/o procedimiento de desahucio. Agradezco a cada uno por su cooperacion. Por favor reporte cualquier infraccion al gerente de propiedad (Property Manager) o al superintenente para futura accion.

HOLGAZANEANDO - la Holgazanería y colgar en los vestíbulos, vestíbulos, o escaleras dentro de los edificios y en los pórticos de entrada o pasajes peatonales de entrada que son dentro de la propiedad de la Cooperativa son estrictamente prohibidos. La holgazanería significa que usted gasta más que una cantidad corta y razonable del tiempo allí para objetivos apropiados como la espera de un taxi o una entrega. Si usted debe andar allí sólo, usted viola las reglas de la Cooperativa. El patio está disponible durante horas designadas si usted desea pasar el tiempo fuera para la propiedad de Saxony Towers.

CUARTOS DE LAVADO DE ROPA - no se permite que Carros sean quitados de los lavaderos por cualquier razón, incluso traer o tomar su ropa a su apartamento. Los carros sólo pueden ser usados para el lavado de ropa LIMPIO. Usted debe quitar su lavado de ropa de las máquinas dentro de 5 minutos después de que esto ha terminado.

MOVIENDO, COMPRANDO, VENDIENDO, Y ALQUILANDO APARTAMENTOS - las reglas para estos sujetos han sido cubiertas detalladamente en una nota separada distribuida con esta nota y ellos son ahora y seguirán siendo fuertemente hechos cumplir.

PERROS - Según las Reglas de Casa actualizadas dataron el enero de 2008, los únicos perros permitidos en la Cooperativa son perros quién vivió aquí antes de aquella fecha. Aquellos perros deben ser licenciados con la Ciudad y registrados con la Cooperativa. Todos los dueños de perro deben limpiar cualquier lío que su perro hace en la propiedad de Cooperativa, guardar el ruido del perro a un nivel razonable, y traer el perro fuera o atrás dentro POR EL SÓTANO SÓLO, NO POR EL VESTÍBULO. Además,


todos los perros deben tener una cuerda siempre mientras esten en la propiedad dela Cooperativa. Si usted trajera un perro aquí para vivir con usted después del enero de 2008 y esto viene a nuestra atención, o si usted trae un perro aquí en el futuro, le dirán deshacerse del perro inmediatamente. Cualquier excepción a esta política debe ser aprobada por la junta Cooperativa. Esta política puede ser desafortunada, pero fue causado por la gente que dejó de controlar o limpiar después de sus perros.

PAQUETES GRANDES, MOBILIARIO, CARRITOS, BICICLETAS, ETC. ...-estos artículos deben ser entregados o hechos entrar por residentes por los sótanos sólo, no por el vestíbulo. En caso de que un artículo grande no quepa en el ascensor y por lo tanto tiene que ser hecho entrar por el vestíbulo y llevado arriba, el Superintendente debe ser informado primero y él debe estar allí para supervisar la situación.

DISPOSICIÓN DE BASURA - Toda la basura regular debe ser empacada y vertida abajo las tolvas de compresor en cada piso. Todo recyclables y otra basura que es demasiado grande para las tolvas deben ser bajados a los cuartos de basura de sótano y colocados en el cubo de la basura apropiado o área total. La basura nunca debe ser dejada en los cuartos de compresor o en los vestíbulos. Si usted necesita la ayuda que elimina su basura por alguna razón, por favor póngase en contacto con el Superintendente.

RUIDO FUERTE DESPUÉS 11:00 P.M.-que el ruido Fuerte e inquietante no debería ser hecho en el exceso en cualquier momento del día o noche, pero después de la once de la noche es estrictamente prohibido. Este incluye el ruido de partidos, música fuerte, el uso de aplicaciones fuertes como aspiradoras, y todas otras fuentes del ruido excesivo.

RENOVACIONES DE APARTAMENTO - sólo se permite que renovaciones de Apartamento ocurran entre 9 a 5 de lunes a viernes, no incluso vacaciones legales. Todas las renovaciones deben ser hechas por un contratista autorizado y asegurado y usted debe dejar un depósito reembolsable de 500 dólares. El Súper o el Gerente de Propiedad le darán una forma para usted y su contratista para prepararse, y el trabajo no puede comenzar en ninguna circunstancia antes de que el Gerente de Propiedad dé la aprobación final.

VANDALISMO Y DESTRUCCIÓN DE PROPIEDAD - Vandalismo de cualquier parte de propiedad de Saxony Towers, graffiti, la destrucción de propiedad, y/o manipulación de la propiedad como las cámaras de seguridad son estrictamente prohibidos.

ESPACIOS DE GARAJE - Un vehículo por espacio es permitido en el garaje. El almacenaje de algo más en su aparcamiento es prohibido.

OBJETOS EN FUGAS DE FUEGO - es ilegal almacenar cualquier objeto en las escaleras de incendios, hasta temporalmente, y la Cooperativa puede ser multada si este pasa. Usted no puede colocar ningún objeto en las escaleras de incendios, incluso, pero no limitado con plantas y flores, limpiando provisiones, juguetes, secando la ropa, etc....


ACKNOWLEDGMENT OF HOUSE RULES & QUALITY OF LIFE INFRACTIONS

John B. Lovett & Associates, Ltd. 109-15 14th Avenue

College Point, New York 11356 718-445-9500

Saxony Towers Realty Towers Corp. 88-10, 88-1111 and 87-09, 87-10 34th Avenue

Jackson Heights, New York 11372

By signing below, I (we) acknowledge receipt of the Saxony Towers Realty Corp. House Rules and Quality of Life Infractions and will abide by them.

Apt. No.:__________ Bldg. Address: _______________ Name of Purchaser(s): ________________________________________ ________________________________________ Signature of Purchaser(s):______________________________________ ______________________________________ Date:_____________


SECTION 18

LEAD DISCLOSURE STATEMENTS


DISCLOSURE OF INFORMATION ON LEAD-BASED PAINT AND LEAD-BASED PAINT HAZARDS

Lead Warning Statement

Every purchaser of any interest in residential real property on which a residential

dwelling was built prior to 1978 is notified that such property may present exposure to lead from lead-based paint that may place young children at risk of developing lead poisoning. Lead Poisoning in young children may produce permanent neurological damage, including learning disabilities, reduced intelligence quotient, behavioral problems, and impaired memory. Lead poisoning also poses a particular risk to pregnant women. The seller of any interest in residential real property is required to provide the buyer with any information on lead-based paint hazards from risk assessments or inspections in the seller’s possession and notify the buyer of any known lead-based paint hazards. A risk assessment or inspection for possible lead-based paint hazards is recommended prior to purchase. Seller’s Disclosure (initial)

_____ a) Presence of lead-based paint and/or lead-based paint hazards (check one below):

( ) Known lead-based paint and/or lead-based hazards are be present in the housing

(explain):_____________________________________________________ ___________________________________________________________

( ) Seller has no knowledge of lead-based paint and/or lead-based paint hazards in the housing.

_____ b) Records and reports available to the seller (check one below):

( ) Seller has provided the purchaser with all available records and reports pertaining to lead-based paint and/or lead-based paint hazards in the housing (list documents below).

___________________________________________________________ ( ) Seller has no reports or records pertaining to lead-based paint and/or lead-based paint hazards in the housing.

Purchaser’s Acknowledgments (initial)

_____ c) Purchaser has received copies of all information listed above.

_____ d) Purchaser has received the pamphlet Protect Your Family from Lead in Your Home.

_____ e) Purchaser has (check one below):

( ) Received a 10-day opportunity (or mutually agreed upon period) to conduct a risk assessment or inspection for the presence of lead-based paint and/or lead-based paint hazards; or

_____ ( ) Waived the opportunity to conduct a risk assessment or inspection for the presence of lead-

based paint and/or lead-based paint hazards. Agent’s Acknowledgment (initial)

_____ (f) Agent has informed the seller of the seller’s obligations under 42 U.S.C. 4852(d) and

is aware of his/her responsibility to ensure compliance.

Certification of Accuracy The following parties have reviewed the information above and certify, to the best of their knowledge, that the information provided by the signatory is true and accurate.

Seller:___________________Date:_____ Seller:___________________Date:__________

Agent:___________________Date:_____ Agent:___________________Date:__________

Purchaser:________________Date:_____ Purchaser:________________Date:___________


SECTION 19

PET

REGISTRATION


SAXONY TOWERS REALTY CORPORATION

DOG REGISTRATION FORM - 2011

Please Print Clearly or Type Address/Apartment Number: __________________ ____________ Apt. Owner(s)/Resident(s): ____________________________________ ____________________________________ Details of Pet: Name: _______________________ Age: ____________ Sex: _______________ Breed: _______________________ License # ___________________________ Color: _______________________ Markings: ____________________________ Current Weight:______________________ Weight at Maturity: _____________________ How long has the dog been housed in your apartment? _____ years ____months Attach current photo in space below Date of Photo:____________ I (we) agree to comply with the provisions of the Saxony Towers’ House Rules – Sections 2 (1998), effective as of 9/5/07. Signature of Pet Owner(s) ______________________________________ ______________________________________ Date of Submission: ______________________________________

RETURN FORM TO SUPERINTENDENT Office Use Only: Date Registration Form Received: _________________ [dog.registration]


PURCHASER’S ASSUMPTION OF “AS IS” CONDITIONS

Transferor: _____________________________________________________

Transferee: _____________________________________________________

Address: _________________________________________________

Unit ____ (the “Premises”)

Closing Date: _______________________, 20____

I/We acknowledge and represent and warrant that I/we have inspected the Premises and am/are taking possession of the Premises AS IS.

I/we acknowledge that it is my/our obligation to insure that the Premise is in good condition and that it complies with the Rules and Regulations of the Cooperative. In no event shall the Cooperative or John B. Lovett & Associates, Ltd., the Management Company, be responsible to the Purchaser (s) or to any other party for any condition in or caused by the Premises other than obligations of the Cooperative which are specifically set forth in the Proprietary Lease.

I/we understand that the Cooperative or Management has not inspected the Premises and that any alterations which may have been made to the Premises by the Transferor, or prior owners of the Premises, including alterations not made in conformity with the cooperative’s Proprietary Lease, house rules, or local building codes are the sole responsibility of the Purchaser(s). The Cooperative makes no representation that any alterations to the Premises is, or was, approved by the Cooperative.

I/we agree that, in the event that there are or were any illegal or improper alterations to the Premises, or if there are repairs otherwise needed to the Premises necessitated by the conduct of the Transferor or former owners of the Premises, the correction of and the cost of such correction(s) and/or repair(s) shall be borne solely by the Purchaser.

[If applicable] I/we have been provided with copies of the annexed alteration

agreements provided by the Transferor or former owners of the Premises to the cooperative to perform alterations to the Premises (the “Alteration Agreement”). In order to induce the Corporation to consent to, and register on the records of the Corporation, the transfer of the Shares and Lease to the Premises to the undersigned, for good and valuable consideration, the receipt and sufficiency of which consideration is hereby acknowledged, the Seller hereby assigns and the Buyer ASSUMES AND AGREES TO PERFORM AND OBSERVE all the terms, covenants and conditions of the Alteration Agreement as if they were a signatory thereto. Henceforth, the term “Shareholder” as used in the Alteration Agreement shall mean the undersigned with the same force and effect as though the undersigned had been the original Shareholder thereunder. Any breach of this Assumption of the Alteration Agreement or of the Alteration Agreement shall constitute a breach of the Lease appurtenant to the Apartment. This Assumption of Alteration Agreement shall be binding on, and enforceable against, the undersigned and the undersigned’s estate, heirs, executors, administrators, personal representatives, successors and assigns.

______________________________ _____________________________ Seller Buyer

______________________________ _____________________________ Seller Buyer


State of New York } ss County of } On this ______ day of ____________________, 20_____, before me personally came _____________________________________, to me known and known to me to be the individual described in and who executed the foregoing instrument, and duly acknowledged to me that she/he executed the same. Notary Public

State of New York } ss County of } On this _______day of ______________________, 20_______, before me personally came ___________________________________________, to me known and known to me to be the individual described in and who executed the foregoing instrument, and duly acknowledged to me that she/he executed the same. Notary Public


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