MULTIFAMILY DEED OF TRUST, ASSIGNMENT OF RENTS AND SECURITY AGREEMENT (VIRGINIA – REVISION DATE 05-11-2004)Multifamily Deed of Trust, Assignment of Rents and Security Agreement • May 5th, 2011 • Preferred Apartment Communities Inc • Real estate investment trusts
THIS MULTIFAMILY DEED OF TRUST, ASSIGNMENT OF RENTS AND SECURITY AGREEMENT (the "Instrument") is made to be effective as of the 29th day of April, 2011, by TRAIL CREEK APARTMENTS, LLC, a limited liability company organized and existing under the laws of the State of Delaware, whose address is 3625 Cumberland Boulevard, Suite 400, Atlanta, Georgia 30339, as grantor ("Borrower"), to ALEXANDER TITLE AGENCY, INCORPORATED, a Virginia corporation, c/o Chicago Title Insurance Company, whose principal place of business is 5875 Trinity Parkway, Suite 210, Centreville, Virginia 20120, as trustee ("Trustee"), for the benefit of JONES LANG LASALLE OPERATIONS, L.L.C., a limited liability company organized and existing under the laws of the State of Illinois, whose address is 3344 Peachtree Road, N.E., Suite 1200, Atlanta, Georgia 30326, as beneficiary ("Lender"). Borrower's organizational identification number, if applicable, is DE-4908242.
MULTIFAMILY NOTE MULTISTATE – ADJUSTABLE RATE (Portfolio Execution) (Revised 2-15-2011)Multifamily Note • May 5th, 2011 • Preferred Apartment Communities Inc • Real estate investment trusts
FOR VALUE RECEIVED, TRAIL CREEK APARTMENTS, LLC, a Delaware limited liability company (together with such party’s or parties’ successors and assigns, “Borrower”), jointly and severally (if more than one) promises to pay to the order of JONES LANG LASALLE OPERATIONS, L.L.C., an Illinois limited liability company, the principal sum of $15,275,000.00, with interest on the unpaid principal balance, as hereinafter provided.
