ContractDeed of Trust and Security Agreement • June 1st, 2011 • American Assets Trust, Inc. • Real estate investment trusts
THIS DEED OF TRUST AND SECURITY AGREEMENT (this “Security Instrument”) is made as of the 1st day of June, 2011, by AAT OREGON OFFICE I, LLC, a Delaware limited liability company (“Borrower”), as grantor, having an address at 11455 El Camino Real, Suite 200, San Diego, California 92130, Attention: John Chamberlain and Robert Barton in favor of FIRST AMERICAN TITLE INSURANCE COMPANY, a California corporation, having an office at 1 First American Way, Santa Ana, California 92707 (“Trustee”), as grantee, for the benefit of PNC BANK, NATIONAL ASSOCIATION, a national banking association (together with its successors and assigns, “Lender”), having an address at c/o Midland Loan Services, Inc., 10851 Mastin, Suite #300, Overland Park, Kansas 66210, Reference Loan Number 940960046, as beneficiary.
PROMISSORY NOTEPromissory Note • June 1st, 2011 • American Assets Trust, Inc. • Real estate investment trusts
FOR VALUE RECEIVED, AAT OREGON OFFICE I, LLC, a Delaware limited liability company (“Borrower”), as maker, having an address at 11455 El Camino Real, Suite 200, San Diego, California 92130, Attention: Robert Barton and John Chamberlain hereby unconditionally promises to pay to the order of PNC BANK, NATIONAL ASSOCIATION, a national banking association, having an address at c/o Midland Loan Services, Inc., 10851 Mastin, Suite #300, Overland Park, Kansas 66210, Reference Loan Number 940960046 (together with its successors and assigns, “Lender”), or at such other place as the holder hereof may from time to time designate in writing, the aggregate principal sum of $84,500,000.00, in lawful money of the United States of America, with interest thereon to be computed from the date of this Note at the Applicable Interest Rate (defined below), and to be paid in installments as follows:
