SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
______________________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) AUGUST 21, 1996
- -----------------------------------------------------------------
NYLIFE GOVERNMENT MORTGAGE PLUS LIMITED PARTNERSHIP
----------------------------------------------------
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
MASSACHUSSETTS 0-18226 13-3487910
-------------- ------- ----------
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification Number)
51 MADISON AVENUE, ROOM 1700, NEW YORK, NEW YORK 10010
------------------------------------------------ -----
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 576-6456
--------------
Item 2 - DISPOSITION OF ASSETS
---------------------
On August 21, 1996, the Partnership sold its investments in the GNMA
certificates and the Participating Guaranteed Loans relating to Cross Creek
and Signature Place to Greystone Funding Corporation, an unaffiliated third
party, for $17,291,379.53 in cash in a privately negotiated transaction. The
purchaser withheld $50,000 pending receipt of UCC searches and correction
filings.
As reported in the Partnership's Quarterly Report on Form 10-Q dated August
14, 1996, the General Partner is in the process of winding up and liquidating
the Partnership. It is anticipated that liquidating distributions to
Unitholders pursuant to both the litigation settlement and the liquidation of
the Partnership will be paid prior to year end.
ITEM 7 - FINANCIAL STATEMENT, PRO FORMA
FINANCIAL INFORMATION AND EXHIBITS
----------------------------------
(c) Exhibits
1. Assignment Without Recourse, Representation or
Warranty of the documents representing the
Partnership's interest in the Participating
Guaranteed Loan to the partners of Boiling Springs
Apartments, Ltd.
2. Assignment Without Recourse, Representation or
Warranty of the documents representing the
Partnership's interest in the Participating
Guaranteed Loan to the partners of HG Partners
Limited Partnership.
1
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
NYLIFE Government Mortgage Plus
Limited Partnership
By NYLIFE Realty Inc.
General Partner
Date: September 5, 1996
By: /s/ Kevin M. Micucci
---------------------------
Kevin M. Micucci
President (Principal Executive,
Financial and Accounting Officer)
2