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Inst 2007072355
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Inst 2007072355
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3/25/2009 12:39:40 PM
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3/25/2009 12:39:39 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
2/1/2007
Recorded Document Type
Deed of Trust
Retention
PERM
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Deed of Trust irrespective of whether (i) any such item is physically attached to the <br />Improvements, (ii) serial numbers are used for the better identification of certain equipment <br />items capable of being thus identified in a recital contained herein or in any Iist filed with <br />Beneficiary, or (iii) any such item is referred to or reflected in any such financing statement so <br />filed at any time. Similarly, the mention in any such financing statement of (1) rights in or to the <br />proceeds of any fire and/or hazard insurance policy, or (2) any award in eminent domain <br />proceedings for a taking or for lessening of value, or (3) Trustor's interest as lessor in any present <br />or future lease or rights to income growing out of the use and/or occupancy of the property <br />conveyed hereby, whether pursuant to lease or otherwise, shall not be construed as in any way <br />altering any of the rights of Beneficiary as determined by this instrument or impugning the <br />priority of Beneficiary's lien granted hereby or by any other recorded document Such mention <br />in any financing statement is declared to be solely for the protection of Beneficiary in the event <br />any court or judge shall at any time hold, with respect to the matters set forth in the foregoing <br />clauses (1), (2), and (3), that notice of Beneficiary's priority of interest is required in order to be <br />effective against a particular class of persons, including but not limited to the federal government <br />and any subdivisions or entity of the federal government. <br />6. Fixture Filing. This Deed of Trust is intended to be and constitutes a fixture filing <br />pursuant to the provisions of the UCC with respect to all of the Property constituting fixtures, is <br />being recorded as a fixture financing statement and filing under the UCC, and covers property, <br />goods and equipment which are or are to become fixtures related to the Land and the <br />Improvements. Trustor covenants and agrees that this Deed of Trust is to be filed in the real <br />estate records of Alameda County and shall also operate from the date of such filing as a fixture <br />filing in accordance with Section 9502 and other applicable provisions of the UCC. This Deed <br />of Trust shall also be effective as a financing statement covering minerals or the like (including <br />oil and gas) and accounts subject to the UCC, as amended. Trustor shall be deemed to be the <br />"debtor" and Beneficiary shall be deemed to be the "secured party" for all purposes under the <br />UCC. <br />7. Trustor's Representations, Warranties and Covenants' Rights and Duties of the Parties. <br />7.] Representations and Warranties. Trustor represents and warrants that: (i) Trustor <br />lawfully possesses and holds a leasehold interest in the Land and the Improvements pursuant to <br />the Ground Lease, (ii) Trustor has good and marketable title or a leasehold interest in all of the <br />Property; (iii) other than as limited by the Agency Documents, Trustor has the full and unlimited <br />power, right and authority to encumber the Property and assign the Rents; (iv) subject only to <br />encumbrances of record and senior liens permitted pursuant to the Agency Documents or <br />otherwise approved in writing by Beneficiary ("Permitted Encumbrances"), this Deed of Trust <br />creates a valid first lien on Trustor's entire interest in the Property; (v) except with respect to <br />Permitted Encumbrances, Trustor owns the Property free and clear of any deeds of trust, <br />mortgages, security agreements, reservations of title or conditional sales contracts, (vi) there is <br />no financing statement affecting the Property on file in any public office other than as disclosed <br />in writing to Beneficiary; and (vii) the correct address of Trustor's chief executive office is <br />specified in Section ] 0.2. <br />Trustor further represents and warrants that this Deed of Trust and all other documents <br />delivered or to be delivered by Trustor in connection herewith: (a) have been duly authorized, <br />803766-5 <br />
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