INDEMNITY DEED OF TRUST NOTE (Reserve Parcel Note)Indemnity Deed of Trust Note • March 11th, 2004 • Corporate Office Properties Trust • Real estate investment trusts • Maryland
FOR VALUE RECEIVED, CORPORATE OFFICE PROPERTIES, L.P., a Delaware limited partnership (“Borrower”), promises to pay to the order of JOLLY KNOLLS, LLC, a Maryland limited liability company (“Lender”; the Lender and any assignee or other lawful owner of this Note being hereinafter called the “Holder”), at its principal office in Columbia, Maryland, or at such other place or to such other party as the holder hereof may from time to time designate, the principal sum of Seven Million Two Hundred Thirty Five Thousand Three Hundred Fifteen and 07/100 Dollars ($7,235,315.07) (the “Principal Sum”), together with interest on the unpaid Principal Sum, on the terms set forth in this Note. Every word or term in this Note that is capitalized for the purpose of indicating a particular meaning and not specifically defined herein has the meaning set forth in the Deed of Trust (hereinafter defined).
