CERTIFICATE OF LIMITED PARTNERSHIP
VILLAGE LAKE APARTMENTS LIMITED PARTNERSHIP
This FIRST AMENDMENT TO CERTIFICATE OF LIMITED PARTNERSHIP OF VILLAGE LAKE
APARTMENTS (this "Amendment") is made and entered into as of the 13 day of May, 1992.
WHEREAS, the undersigned (the "General Partner") and one or more other parties (collectively, the "Limited
Partners"), as of May 17, 1991, formed a limited partnership known as Village Lake Apartments Limited
Partnership (the "Partnership"), pursuant to the laws of the State of Maryland, and caused their Certificate of
Limited Partnership of Village Lake Apartments Limited Partnership (the "Certificate") to be filed among the
partnership records of the Maryland State Department of Assessments and Taxation on May 28, 1991; and
WHEREAS, the General Partner and Limited Partners desire to amend the Certificate as set forth herein.
NOW, THEREFORE, in consideration of the foregoing which is incorporated herein by reference as if fully
restated, and for and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the General Partner and Limited Partners have agreed as follows:
1. Article V of the Certificate is hereby amended to read as follows:
The term of the Partnership shall commence on the date of the filing of this Certificate and shall
continue until December 31, 2040 unless sooner terminated upon the occurrence of one or more of
the following events:
(a) The death, dissolution, retirement, insanity or bankruptcy of the General Partner and the failure
of the Limited Partner within ninety (90) days after such event to elect in writing to continue the
business of the Partnership, and if there is no General Partner, to designate one or more persons to
be a substitute General Partner or General Partners.
(b) Consent to such termination by the General Partner and the Limited Partner.
(c) The sale or taking in condemnation or by eminent domain of all or substantial1