Security Deed. The Construction Deed of Trust with Assignment of Rents, Security Agreement and Fixture Filing, dated or to be dated on or prior to the Closing Date, made by the Borrower to the Agent for the benefit of the Banks, pursuant to which the Borrower grants a lien, security title and security interest in and to the Project, such Security Deed to be in form and substance satisfactory to the Agent.
Appears in 2 contracts
Sources: Construction Loan Agreement (Walden Residential Properties Inc), Construction Loan Agreement (Walden Residential Properties Inc)