RDA Agmt 2008 Hornet Associates - Laserfiche WebLink

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RECORDING REQUESTED BY: Redevelopment Agency City of San Leandro 835 East 14th Street San Leandro, CA 94577 WHEN RECORDED MAIL TO: City Clerk's Office City of San Leandro 835 East 14th Street San Leandro, CA 94577 EXEMPT FROM RECORDING FEES PER GOVERNMENT CODE &&6103. 27383 Space above this line for Recorder's use. ~ ~'1 DEED OFTRUST /(7 ~~ i ade his 7 h tla of Jul 2008 between Hornet Associates herein THIS DEED OF TRUST s m t t y y, "Trustorn), THE SAN LEANDRO REDEVELOPMENT AGENCY (herein "Trustee"), and the Beneficiary, THE SAN LEANDRO REDEVELOPMENT AGENCY, a public body corporate and politic whose address is 835 E. 14th Street, San Leandro, California (herein "Beneficiary°). TRUSTOR, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, that real property located in the County of Alameda, State of California, more fully described in Attachment A, which has the address of 140-144 Joaquin Avenue, San Leandro, California. TOGETHER with all the improvements now or hereafter erected on the Property, and all easements, rights, appurtenances and rents (subject however to the rights and authorities given herein to Beneficiary to collect and apply such rents), all of which shall be deemed to be and remain a part of the property covered by this DEED OF TRUST; and all of the foregoing, together with said property are hereinafter referred to as the °Property"; TO SECURE to Beneficiary payment of the indebtedness evidenced by a promissory note, of even date herewith, and extensions and renewals thereof (herein "Note"), in the principal sum of twenty five thousand ($25,000), any additional sums and interest thereon hereafter loaned by Beneficiary to Trustor, which loans are evidenced by a promissory note or notes, containing a recitation that this DEED OF TRUST secures the payment thereof, and the performance of each agreement herein contained. Trustor covenants that it is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Property, and that, to the best of Trustor's knowledge, the Property is unencumbered except for encumbrances of record. Trustor warrants and will defend generally the title to the Property against all claims and demands, subject to encumbrances of record. 93s797v1 C_2 Owuer ~articipatlen ~4g;reement City of San ~ear~~iro ~ed~veloprr~~nt Agency '14f?-'144 Joat~uln Avenue t7eed of Trust