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'. e e 97277997 This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest as provided in the Note, and all renewals, extensions and modifications of the Note; and (b) the performance of Borrower's covenants and agreements under this Security Instrument, the Note, Owner Participation Agreement, and Regulatory Agreement. For this purpose, Borrower irrevocably grants, transfers, . assigns, and conveys to Trustee, in trust, with power of sale and right of entry and possession, all of Borrower's rights, title and interest now held or hereafter acquired in and to the following described property located in Alameda County, California: 112 Garcia Avenue, City of San Leandro, County of Alameda, State of California, as described more particularly in the attached Exhibit A. TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property" . Borrower COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Property and the Property is unencumbered. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to such encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for use and non- uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. This Security Instrument applies to, inures to the benefit of, and binds all parties hereto, their heirs, legatees, devises, administrators, executors, successors, and assigns. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and interest on the debt evidenced by the Note. Mission Bell Retrofit Deed of Trust July 24, 1997 Page 2 of 10