SECURITY AGREEMENTSecurity Agreement • November 21st, 2005 • American Community Properties Trust • Land subdividers & developers (no cemeteries)
THIS SECURITY AGREEMENT (the "Agreement") made as of the 11th day of August, 2005, by and between SHEFFIELD GREENS APARTMENTS, LLC, a Delaware limited liability company, with offices at 222 Smallwood Village Center, St. Charles, MD 20602 (referred to in this Agreement as the "Debtor"), and GMAC COMMERCIAL MORTGAGE BANK, a Utah industrial bank, having an office and place of business at 6955 Union Park Center, Suite 330, Midvale, Utah 84047 (referred to in this Agreement as the "Secured Party").
DEED OF TRUSTDeed of Trust • November 21st, 2005 • American Community Properties Trust • Land subdividers & developers (no cemeteries) • Maryland
THIS DEED OF TRUST, made and entered into as of this 11th day of August, in the year 2005, by and between SHEFFIELD GREENS APARTMENTS, LLC, a limited liability company organized and existing under the laws of the State of Delaware, having its principal place of business at 222 Smallwood Village Center, St. Charles, MD 20602, hereinafter referred to as the "Grantor," and DAVID A. BARSKY, ESQ. of Washington, DC, as Trustee, hereinafter referred to as the "Trustee," and GMAC COMMERCIAL MORTGAGE BANK, an industrial bank organized and existing under the laws of the State of Utah, with its principal office in 6955 Union Park Center, Suite 330, Midvale, Utah 84047, and hereinafter referred to as the "Beneficiary" (which designations shall include the respective successors and assigns and the successors in the interest of the several parties).
