DEED OF TRUST NOTEDeed of Trust Note • March 12th, 2004 • Bedford Property Investors Inc/Md • Real estate investment trusts
FOR VALUE RECEIVED, BEDFORD RIO SALADO SPE, INC., an Arizona corporation, having its principal place of business at 270 Lafayette Circle, Lafayette, California 94549 (hereinafter referred to as “Maker”), promises to pay to the order of JOHN HANCOCK LIFE INSURANCE COMPANY, a Massachusetts corporation (“John Hancock”), its successors and assigns, at its principal place of business at John Hancock Tower, T-56, 200 Clarendon Street, Boston, Massachusetts 02116, and each successor or assign being hereinafter referred to as “Payee”), or at such place as the holder hereof may from time to time designate in writing, the principal sum of Three Million Eight Hundred Fifty Thousand and NO/100 DOLLARS ($3,850,000.00) in lawful money of the United States of America with interest thereon to be computed from the date of disbursement of the loan proceeds at the Applicable Interest Rate (hereinafter defined).
