Century Properties Fund XVI Watch

from 8-K 29 pages This Deed of Trust, Security Agreement and Fixture Filing (This “Deed of Trust”) Is Made and Given as of the Effective Date , by Woods of Inverness Cpf 16, L.P., as Borrower, a Delaware Limited Partnership, Whose Address Is 4582 South Ulster Parkway, Suite 1100, Denver, Colorado 80237 (The “Borrower”), to Keith H. Mullen, as Trustee, Whose Address Is 1201 Elm Street, Suite 5400, Dallas, Texas 75270-2199 (The “Trustee”), for the Benefit of Transamerica Occidental Life Insurance Company, as Beneficiary, an Iowa Corporation Having an Office C/O Aegon USA Realty Advisors, Inc., 4333 Edgewood Road, N.E., Cedar Rapids, Iowa 52499-5443 (The “Lender”). the Definitions of Capitalized Terms Used in This Deed of Trust May Be Found Either in Section 3 Below, or Through the Cross-References Provided in That Section. 1. Recitals A. Under the Terms of a Certain Secured Real Estate Credit Facility Agreement Dated September 11, 2007 (The “Facility Agreement”), Aegon USA Realty Advisors, Inc. (“Aegon”), as Agent for Affiliated Lenders Agreed to Fund a Series of Loans to Affiliates of the Carveout Obligor