

Page No.     1
01/28/91
                                                           ORE STATUS REPORT

                        
Prp  Un  Property Name   Appraised        Acq    Current   1st Mtge  Accounts       ORE     Legal     Total     Break-      Total
 No  No  and Address       Value       Cost   Book Val    Balance       Rec   Expense   Expense    Income       Even   Recovery
                        


001  00  (Name and address   295000.00  283055.30  283055.30       0.00      0.00   3151.04      0.00      0.00  283055.30  286206.34
         "wraps" to 2nd &
         3rd line)
003  00                      650000.00  567506.25  499506.25       0.00      0.00 122802.21  12201.39      0.00  499506.25  702509.85

004  00                      109000.00   93422.43   91422.43       0.00      0.00   5544.60   1120.95   3600.00   91422.43   96487.98

007  00                       20000.00   29028.38   20028.38       0.00      0.00   8376.46      0.00      0.00   20028.38   37404.84
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
                      ............ Page 'cut' for brevity ................
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
*** Total ***
                            4103900.00 4817790.89 3396359.71   78117.38    597.95 300560.32  21515.31 113151.91 3475075.04 5105429.94



01/28/91                      TRANSACTION REPORT                       Page  1
                           Prop No: 020  Unit No: 01
                               3005 Main Street
                                 Anytown, USA
===============================================================================
  Date   Payee/Payor                Transaction Description        *     Amount
-------------------------------------------------------------------------------
09/30/89                            Rent for 3rd quarter           R     600.00
09/30/89 JANE SMITH                 Rent for 1/2 month             R     150.00
10/01/89 JANE SMITH                 Rent                           R     300.00
11/01/89 JANE SMITH                 Rent                           R     300.00
12/01/89 JANE SMITH                 Rent                           R     300.00
01/30/90 JANE SMITH                 RENT - JAN                     R     300.00
02/01/90 JANE SMITH                 RENT - FEB                     R     300.00
02/01/90 CITY OF ANYTOWN            TAXES                          T    1725.60
02/06/90 I M HANDYMAN               PLUMBING/CARPENTRY             E      20.00
03/01/90 JANE SMITH                 RENT - MAR                     R     300.00
04/06/90 JANE SMITH                 RENT - APR                     R     300.00
05/01/90 A/C SERVICES               A/C REPAIR - NEW COMPRESSOR    E     250.00
05/01/90 GOODY APPRAISAL SERVICE    APPRAISAL                      E     100.00
05/01/90 JANE SMITH                 RENT - MAY                     R     300.00
05/31/90 JONES PLUMBING             PLUMBING REPAIR                E     103.00
06/01/90 I M HANDYMAN               ROOF REPAIR                    E      25.00
06/05/90 JANE SMITH                 RENT - JUN                     R     300.00
07/02/90 JANE SMITH                 JULY                           R     300.00
07/03/90 JANE SMITH                 REIMBURSED/ELECTRICAL WK       E     447.81
07/16/90 I M HANDYMAN               ROOF REPAIR                    E      20.00
08/02/90 JANE SMITH                 AUG                            R     300.00
08/03/90 ANYTOWN INSURANCE AGCY     1 YR PREMIUM                   I     720.00
09/04/90 JANE SMITH                 SEPT                           R     300.00
10/01/90 JANE SMITH                 OCT                            R     300.00
11/01/90 JANE SMITH                 OCT                            R     300.00
12/03/90 JANE SMITH                 DEC                            R     300.00


      Page No.     1         3005 Main St., Anytown, USA
      01/28/91
                            PROPERTY INCOME/EXPENSE REPORT
                                           
                                           
                                                                         
      
      ======== ============================== = ============ ============
        Date   Transaction Description        *       Income      Expense
      -------- ------------------------------ - ------------ ------------
                                                                         
      
      
      09/30/89 Rent for 3rd quarter           R       600.00            0
      09/30/89 Rent for 1/2 month             R       150.00            0
      10/01/89 Rent                           R       300.00            0
      11/01/89 Rent                           R       300.00            0
      12/01/89 Rent                           R       300.00            0
      01/30/90 RENT - JAN                     R       300.00            0
      02/01/90 RENT - FEB                     R       300.00            0
      02/01/90 TAXES                          T            0      1725.60
      02/06/90 PLUMBING/CARPENTRY             E            0        20.00
      03/01/90 RENT - MAR                     R       300.00            0
      04/06/90 RENT - APR                     R       300.00            0
      05/01/90 A/C REPAIR - NEW COMPRESSOR    E            0       250.00
      05/01/90 APPRAISAL                      E            0       100.00
      05/01/90 RENT - MAY                     R       300.00            0
      05/31/90 PLUMBING REPAIR                E            0       103.00
      06/01/90 ROOF REPAIR                    E            0        25.00
      06/05/90 RENT - JUN                     R       300.00            0
      07/02/90 JULY                           R       300.00            0
      07/03/90 REIMBURSED/ELECTRICAL WK       E            0       447.81
      07/16/90 ROOF REPAIR                    E            0        20.00
      08/02/90 AUG                            R       300.00            0
      08/03/90 1 YR PREMIUM                   I            0       720.00
      09/04/90 SEPT                           R       300.00            0
      10/01/90 OCT                            R       300.00            0
      11/01/90 OCT                            R       300.00            0
      12/03/90 DEC                            R       300.00            0
      *** Total ***
                                                     5250.00      3411.41

*** TOTAL INCOME (LOSS) ***                     1838.59


   Page No.     1           Summary of All Properties
   01/28/91
                          PROPERTY INCOME/EXPENSE REPORT
                                         
                                         
                                                                       
   
   ========================= ============ ============= ==============
   Property Name, Address    Total Income Total Expense Net Inc/(Loss)
   ------------------------- ------------ ------------- --------------
                                                                      
   
   
   (Name and address "wraps"         0.00       3151.04       -3151.04
   to 2nd & 3rd line, when
   necessary)
                                     0.00     122802.21     -122802.21


                                  3600.00       5544.60       -1944.60

                                     0.00       8376.46       -8376.46

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
                       ....... Page 'cut' for brevity .......
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
   MISCELLANEOUS                     0.07       1883.09       -1883.02
   PROPERTIES, VARIOUS,                                               
   VARIOUS                                                            
   *** Total ***
                                113151.98     302443.41     -189291.43




CT
Page No.     1                                           Month Ending 12/31/90
01/28/91
                                                           ORE EXPENSE REPORT
                                                                                                                                        
                                                                                          

======== ==== ==== ========================================== ============================== ============================== = ==========
  Date   Prop Unit Property Address                           Paid To / Received From        Transaction Description        *     Amount
-------- ---- ---- ------------------------------------------ ------------------------------ ------------------------------ - ----------
                                                                                                                                        


** Property No: 001
12/01/90  001  00  (Property address prints in this           DEPT OF WATER                  WATER                          E       5.40
12/14/90  001  00  column)                                    ELEC CO                        ELECTRIC                       E      53.79
12/28/90  001  00                                             LAWNS 'R' US                   LAWN CARE                      E     140.00
** Subtotal **
                                                                                                                                  199.19

** Property No: 003
12/04/90  003  00                                             ELEC CO                        ELECTRIC                       E     304.14
12/04/90  003  00                                             DEPT OF WATER                  WATER                          E      13.40
12/06/90  003  00                                             ANYTOWN INSURANCE AGCY         MONTHLY PREMIUM                I     800.00
12/15/90  003  00                                             GAS SERVICE CO                 GAS                            E      86.15
12/18/90  003  00                                             LAND LEASE INC                 LEASE PAYMENT                  E    3256.17
12/28/90  003  00                                             LAND LEASE INC                 REFUND OF TAX ESCROW           T    -445.64
** Subtotal **
                                                                                                                                 4014.22

** Property No: 004
12/12/90  004  00                                             I M HANDYMAN                   REPAIRS & LAWN CARE            E      70.00
12/14/90  004  00                                             TAX COLLECTOR                  1990 TAXES                     T     825.30
12/14/90  004  00                                             I M HANDYMAN                   REPAIRS                        E      21.60
12/18/90  004  00                                             I M HANDYMAN                   REPAIRS                        E      23.63
** Subtotal **
                                                                                                                                  940.53
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
                                  ......... Page 'cut' for brevity ..........
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
*** Total ***
                                                                                                                                15465.30


CB

