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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>WASHINGTON, DC 20549</FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>FORM 8-K<BR>
CURRENT REPORT</FONT></H1>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934</FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date
of Report (Date of earliest event reported): December 24, 2008</FONT></P>

<P ALIGN=CENTER> <FONT FACE="Times New Roman, Times, Serif" SIZE="4"><B>NTS MORTGAGE INCOME FUND</B></FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Exact name of registrant as specified in its charter)</FONT></P>

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<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Delaware</B> </FONT></TD>
<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>0-18550</B> </FONT></TD>
<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>61-1146077</B> </FONT></TD></TR>
<TR VALIGN=BOTTOM>
<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(State or other</FONT></TD>
<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Commission file</FONT></TD>
<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(IRS Employer</FONT></TD></TR>
<TR VALIGN=BOTTOM>
<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">jurisdiction of</FONT></TD>
<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">number)</FONT></TD>
<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Identification No.)</FONT></TD></TR>
<TR VALIGN=BOTTOM>
<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">incorporation)</FONT></TD>
<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>10172 Linn Station Road</B><BR>
<B>Louisville, Kentucky 40223</B><BR>
(Address of principal executive offices)</FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>(502) 426-4800</B><BR>
(Registrant&#146;s telephone number, including area code)</FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>N/A</B><BR>
(Former name or former address, if changed since last report)</FONT></P>
<BR>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:</FONT></P>

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<TR>
<TD WIDTH=5%></TD>
<TD WIDTH=95%></TD></TR>
<TR>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[&nbsp;&nbsp; ]</FONT></TD><TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></TD></TR>
<TR>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[&nbsp;&nbsp; ]</FONT></TD><TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD></TR>
<TR>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[&nbsp;&nbsp; ]</FONT></TD><TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></TD></TR>
<TR>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[&nbsp;&nbsp; ]</FONT></TD><TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></TD></TR>
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<H1 Align=LEFT><Font Face="Times New Roman, Times, Serif" Size=2>Item 1.01. Entry into
Material Definitive Agreements. </font></h1>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
December 24, 2008, NTS Mortgage Income Fund, Inc., (the &#147;Fund&#148;) entered into a
series of agreements with Residential Management, a Kentucky Corporation
(&#147;Residential&#148;), and NTS Development Company, a Kentucky Corporation
(collectively with Residential, &#147;NTS&#148;) intended to address certain of the
Fund&#146;s liquidity requirements along with its relationship with NTS and its affiliates
in connection with the Fund&#146;s impending dissolution and liquidation. The Fund
anticipates that these agreements will enhance the possibility it will be able to proceed
with an orderly liquidation subsequent to its dissolution. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Fund entered into a Services and Development Agreement (the &#147;Services
Agreement&#148;) with Residential. The Services Agreement, which becomes effective on
January 1, 2009, supersedes and replaces all of the Fund&#146;s property management
agreements (which will be terminated pursuant to Termination Agreements effective December
31, 2008) except for the Advisory Agreement between the Fund and NTS Advisory Corporation,
which continues to remain in effect. Although no services are currently being provided
pursuant to the Advisory Agreement, it has not been terminated in order to maintain the
guaranty obligations that NTS Guaranty Corporation owes to the Fund&#146;s stockholders
and National City Bank. Pursuant to the terms of the Guaranty Agreement executed by NTS
Guaranty Corporation, the termination of the Advisory Agreement could result in a release
of those obligations. The calculation of compensation and expense reimbursements to be
received by NTS under the Services Agreement remains the same as under the prior
agreements. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Also,
on December 24, 2008, the Fund received a letter (the &#147;Deferral/Advancements
Letter&#148;) from NTS containing NTS&#146; agreement to defer payment of amounts due them
from the Fund, and to make advances to cover expenses of the Fund during the period
December 24, 2008 through December 31, 2009, except for the principal repayments due to
National City Bank on April 1, 2009 and September 1, 2009. As of December 24, 2008, the
Fund owed $4,088,387 to NTS and its affiliates. NTS and its affiliates most likely will
require that the Fund and its subsidiaries execute promissory notes evidencing the
obligation to repay the deferred amounts and the advances. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
partial payment of the outstanding financial obligations owed by the Fund to NTS, NTS has
agreed to accept certain assets from the Fund. NTS/Lake Forest II Residential Corporation,
a Kentucky corporation and wholly owned subsidiary of the Fund (&#147;NTS/Lake
Forest&#148;), entered into a Contract of Sale dated as of December 24, 2008, pursuant to
which NTS/Lake Forest agreed to sell certain undeveloped real estate consisting of
approximately 14.089 acres of land located at the corner of Old Henry Road and Arnold
Palmer Boulevard in Louisville, Kentucky to LF Land Company, LLC, a Kentucky limited
liability company (&#147;LF&#148;) and affiliate of NTS. LF is scheduled to receive a
purchase price of $1,660,000 (based on a third party appraisal obtained by the Fund) for
this undeveloped real estate. Orlando Lake Forest Joint Venture, a Florida joint venture
in which the Fund holds a 50% ownership interest (&#147;OLFJV&#148;), entered into a
Contract of Sale dated as of December 24, 2008, pursuant to which OLFJV agreed to sell
four unimproved lots in the Lake Forest subdivision located in Sanford, Florida to OLF
Section 15 Land Company, LLC, a Florida limited liability company and affiliate of NTS,
for a purchase price of $1,272,000 (based on a third party appraisal obtained by the
Fund). The Fund&#146;s interest in the aggregate net sales proceeds from the sale of the
four unimproved lots would be approximately $636,000. The Fund expects these agreements to
close within 30 days, but there can be no assurance that they will close on time, or at
all. </font></p>



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<H1 Align=LEFT><Font Face="Times New Roman, Times, Serif" Size=2>Item 1.02. Termination
of Material Definitive Agreements. </font></h1>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
noted in the foregoing Item 1.01 disclosure, effective December 31, 2008, the Fund is
terminating all of its existing property management agreements (other than the Advisory
Agreement between the Fund and NTS Advisory Corporation). The Fund has entered into the
Services Agreement, which supersedes and replaces the existing property management
agreements which terminate at the end of 2008. The calculation of compensation and expense
reimbursements to be received by NTS under the Services Agreement remains the same as
under the prior agreements. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Copies
of the Services Agreement, the Deferral Letter, the Termination Agreements, the
Contracts of Sale and the Advisory Agreement are attached to this current report on Form
8-K as Exhibits 10.1-10.7 and are incorporated in their entirety in this Item 1.01 and
Item 1.02 disclosure by reference. </font></p>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 9.01. Financial
Statements and Exhibits. </FONT></H1>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a)</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Financial
Statements of Businesses Acquired: N/A</FONT></TD>
</TR>
</TABLE>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(b)</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pro
Forma Financial Information: N/A</FONT></TD>
</TR>
</TABLE>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c)</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Shell Company
Transactions: N/A</FONT></TD>
</TR>
</TABLE>


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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(d)</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>Exhibits:</U></FONT></TD>
</TR>
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<TD WIDTH=10><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;10.1</FONT></TD>
<TD WIDTH=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Services and Development Agreement, dated December 24, 2008, between<Br>
NTS Mortgage Income Fund and Residential Management Company</FONT></TD>
</TR>
</TABLE>

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<TD WIDTH=10><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;10.2</FONT></TD>
<TD WIDTH=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Letter dated December 24, 2008, from NTS Development Company and<Br>
Residential Management Company to NTS Mortgage Income Fund</FONT></TD>
</TR>
</TABLE>

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<TD WIDTH=10><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;10.3</FONT></TD>
<TD WIDTH=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Termination of Property Management Agreement, dated December 31, 2008,<Br>
between Residential Management Company, NTS/Lake Forest II Residential<Br>
Corporation, NTS Mortgage Income Fund and NTS Residential Management<Br>
Company</FONT></TD>
</TR>
</TABLE>

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<TD WIDTH=10><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;10.4</FONT></TD>
<TD WIDTH=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Termination of Property Management Agreement, dated December 31, 2008,<Br>
between Residential Management Company, NTS/Virginia Development<Br>
Company, NTS Mortgage Income Fund and NTS Residential Management<Br>
Company</FONT></TD>
</TR>
</TABLE>

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<TD WIDTH=10><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;10.5</FONT></TD>
<TD WIDTH=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Contract of Sale, dated December 24, 2008, between NTS/Lake Forest II<Br>
Residential Corporation and LF Land Company, LLC </FONT></TD>
</TR>
</TABLE>

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<TD WIDTH=10><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;10.6</FONT></TD>
<TD WIDTH=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Contract of Sale, dated December 24, 2008, between Orlando Lake Forest<Br>
Joint Venture and OLF Section 15 Land Company, LLC</FONT></TD>
</TR>
</TABLE>

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<TD WIDTH=10><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;10.7</FONT></TD>
<TD WIDTH=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Advisory Agreement, dated March 31, 1989, between NTS Mortgage<Br>
Income Fund and NTS Advisory Corporation</FONT></TD>
</TR>
</TABLE>


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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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. </FONT></P>
<BR>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>NTS MORTGAGE INCOME FUND</B></FONT></P>

<IMG SRC="gaw_signature.jpg" HEIGHT="50" WIDTH="175">

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<TD WIDTH=3%></TD>
<TD WIDTH=37%></TD></TR>
<TR>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">By:</FONT></TD><TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Gregory A. Wells</FONT></TD></TR>
<TR>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Its:</FONT></TD><TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Chief Financial Officer</FONT></TD></TR>
<TR>
<TD>&nbsp;</TD><TD></TD></TR>
<TR>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Date:</FONT> </TD><TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">December 30, 2008</FONT></TD></TR>
</TABLE>


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</BODY>
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{"company-data": {"conformed-name": "NTS MORTGAGE INCOME FUND", "cik": "0000841942", "assigned-sic": "6798", "irs-number": "611146077", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-18550", "film-number": "081275424"}, "business-address": {"street1": "10172 LINN STATION ROAD", "street2": "SUITE 200", "city": "LOUISVILLE", "state": "KY", "zip": "40223", "phone": "502-426-4800"}, "mail-address": {"street1": "10172 LINN STATION ROAD", "street2": "SUITE 200", "city": "LOUISVILLE", "state": "KY", "zip": "40223"}, "former-company": {"former-conformed-name": "NTS HIGH INCOME FUND", "date-changed": "19890212"}}
8-K
UNITED STATES
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): December 24, 2008
NTS MORTGAGE INCOME FUND
(Exact name of registrant as specified in its charter)
Delaware
0-18550
61-1146077
(State or other
(Commission file
(IRS Employer
jurisdiction of
number)
Identification No.)
incorporation)
10172 Linn Station Road
Louisville, Kentucky 40223
(Address of principal executive offices)
(502) 426-4800
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:
[   ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[   ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[   ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[   ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into
Material Definitive Agreements.
On
December 24, 2008, NTS Mortgage Income Fund, Inc., (the "Fund") entered into a
series of agreements with Residential Management, a Kentucky Corporation
("Residential"), and NTS Development Company, a Kentucky Corporation
(collectively with Residential, "NTS") intended to address certain of the
Fund's liquidity requirements along with its relationship with NTS and its affiliates
in connection with the Fund's impending dissolution and liquidation. The Fund
anticipates that these agreements will enhance the possibility it will be able to proceed
with an orderly liquidation subsequent to its dissolution.
The
Fund entered into a Services and Development Agreement (the "Services
Agreement") with Residential. The Services Agreement, which becomes effective on
January 1, 2009, supersedes and replaces all of the Fund's property management
agreements (which will be terminated pursuant to Termination Agreements effective December
31, 2008) except for the Advisory Agreement between the Fund and NTS Advisory Corporation,
which continues to remain in effect. Although no services are currently being provided
pursuant to the Advisory Agreement, it has not been terminated in order to maintain the
guaranty obligations that NTS Guaranty Corporation owes to the Fund's stockholders
and National City Bank. Pursuant to the terms of the Guaranty Agreement executed by NTS
Guaranty Corporation, the termination of the Advisory Agreement could result in a release
of those obligations. The calculation of compensation and expense reimbursements to be
received by NTS under the Services Agreement remains the same as under the prior
agreements.
Also,
on December 24, 2008, the Fund received a letter (the "Deferral/Advancements
Letter") from NTS containing NTS' agreement to defer payment of amounts due them
from the Fund, and to make advances to cover expenses of the Fund during the period
December 24, 2008 through December 31, 2009, except for the principal repayments due to
National City Bank on April 1, 2009 and September 1, 2009. As of December 24, 2008, the
Fund owed $4,088,387 to NTS and its affiliates. NTS and its affiliates most likely will
require that the Fund and its subsidiaries execute promissory notes evidencing the
obligation to repay the deferred amounts and the advances.
In
partial payment of the outstanding financial obligations owed by the Fund to NTS, NTS has
agreed to accept certain assets from the Fund. NTS/Lake Forest II Residential Corporation,
a Kentucky corporation and wholly owned subsidiary of the Fund ("NTS/Lake
Forest"), entered into a Contract of Sale dated as of December 24, 2008, pursuant to
which NTS/Lake Forest agreed to sell certain undeveloped real estate consisting of
approximately 14.089 acres of land located at the corner of Old Henry Road and Arnold
Palmer Boulevard in Louisville, Kentucky to LF Land Company, LLC, a Kentucky limited
liability company ("LF") and affiliate of NTS. LF is scheduled to receive a
purchase price of $1,660,000 (based on a third party appraisal obtained by the Fund) for
this undeveloped real estate. Orlando Lake Forest Joint Venture, a Florida joint venture
in which the Fund holds a 50% ownership interest ("OLFJV"), entered into a
Contract of Sale dated as of December 24, 2008, pursuant to which OLFJV agreed to sell
four unimproved lots in the Lake Forest subdivision located in Sanford, Florida to OLF
Section 15 Land Company, LLC, a Florida limited liability company and affiliate of NTS,
for a purchase price of $1,272,000 (based on a third party appraisal obtained by the
Fund). The Fund's interest in the aggregate net sales proceeds from the sale of the
four unimproved lots would be approximately $636,000. The Fund expects these agreements to
close within 30 days, but there can be no assurance that they will close on time, or at
all.
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Item 1.02. Termination
of Material Definitive Agreements.
As
noted in the foregoing Item 1.01 disclosure, effective December 31, 2008, the Fund is
terminating all of its existing property management agreements (other than the Advisory
Agreement between the Fund and NTS Advisory Corporation). The Fund has entered into the
Services Agreement, which supersedes and replaces the existing property management
agreements which terminate at the end of 2008. The calculation of compensation and expense
reimbursements to be received by NTS under the Services Agreement remains the same as
under the prior agreements.
Copies
of the Services Agreement, the Deferral Letter, the Termination Agreements, the
Contracts of Sale and the Advisory Agreement are attached to this current report on Form
8-K as Exhibits 10.1-10.7 and are incorporated in their entirety in this Item 1.01 and
Item 1.02 disclosure by reference.
Item 9.01. Financial
Statements and Exhibits.
(a)
Financial
Statements of Businesses Acquired: N/A
(b)
Pro
Forma Financial Information: N/A
(c)
Shell Company
Transactions: N/A
(d)
Exhibits:
10.1
Services and Development Agreement, dated December 24, 2008, between
NTS Mortgage Income Fund and Residential Management Company
10.2
Letter dated December 24, 2008, from NTS Development Company and
Residential Management Company to NTS Mortgage Income Fund
10.3
Termination of Property Management Agreement, dated December 31, 2008,
between Residential Management Company, NTS/Lake Forest II Residential
Corporation, NTS Mortgage Income Fund and NTS Residential Management
Company
10.4
Termination of Property Management Agreement, dated December 31, 2008,
between Residential Management Company, NTS/Virginia Development
Company, NTS Mortgage Income Fund and NTS Residential Management
Company
10.5
Contract of Sale, dated December 24, 2008, between NTS/Lake Forest II
Residential Corporation and LF Land Company, LLC
10.6
Contract of Sale, dated December 24, 2008, between Orlando Lake Forest
Joint Venture and OLF Section 15 Land Company, LLC
10.7
Advisory Agreement, dated March 31, 1989, between NTS Mortgage
Income Fund and NTS Advisory Corporation
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SIGNATURES
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.
NTS MORTGAGE INCOME FUND
By:
Gregory A. Wells
Its:
Chief Financial Officer
Date:
December 30, 2008
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