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IN RE FAIRVIEW-TAKOMA LTD. PARTNERSHIP

Bankruptcy No. 96-1-7995-DK.

206 B.R. 792 (1997)

In re FAIRVIEW-TAKOMA LIMITED PARTNERSHIP, Debtor.

United States Bankruptcy Court, D. Maryland.

March 5, 1997.

Attorney(s) appearing for the Case

Joyce A. Kuhns, Baltimore, MD, for debtor.

Nancy Alquist, Baltimore, MD, for creditor (Condor One).

J. Joseph Curran, Jr., Attorney General, Annapolis, MD.

Robert A. Zarnoch, Kathryn M. Rowe, Annapolis, MD, Office of Counsel to the General Assembly.

MEMORANDUM OF DECISION

DUNCAN W. KEIR, Bankruptcy Judge.

Fairview-Takoma Limited Partnership ("Fairview") is the owner of an apartment complex located in Takoma Park, Maryland (the "Property"). Fairview is the obligor under certain promissory notes, including a Deed of Trust Note dated February 20, 1986, in the original principal amount of $6,500,000 (the "Original Note"), a Supplemental Deed of Trust Note dated October 22, 1986 in the original principal...

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