Laserfiche WebLink
Beneficiary: Redevelopment Agency of the City of San Leandro <br />835 East 14th Street <br />San Leandro, CA 94577 <br />Attn: Executive Director <br />Trustor: Alameda Housing Associates, L.P., a California limited partnership <br />345 Spear Street, Suite 700 <br />San Francisco, CA 94105 <br />Attn: President <br />Facsimile: (415) 495-4898 <br />Trustee: <br />Attn: <br />10.3 Binding on Successors. The terms, covenants and conditions of this <br />Deed of Trust shall be binding upon and inure to the benefit of the heirs, administrators, <br />executors, successors in interest, transferees, and assigns of the Trustor, Beneficiary <br />and Trustee; provided however this Section 10.3 does not waive the provisions of <br />Section 7.6. <br />10.4 Substitution of Trustee. Beneficiary may from time to time or at any time <br />substitute a trustee or trustees to execute the trust hereby created, and when any such <br />substitution has been filed for record in the office of the Recorder of Alameda County, i <br />shall be conclusive evidence of the appointment of such trustee or trustees, and such <br />new trustee or trustees shall succeed to all of the powers and duties of the Trustee <br />named herein. <br />10.5 Attorneys' Fees and Costs. In any action or proceeding to foreclose this <br />Deed of Trust or to enforce any right of Beneficiary or of Trustee, Trustor shall pay to <br />Beneficiary and Trustee all costs of such action or proceeding, including reasonable <br />attorneys' fees. <br />10.6 Governing Law; Severability; Interpretation. This Deed of Trust shall be <br />governed by the laws of the State of California without regard to principles of conflicts of <br />laws. Trustor agrees that any controversy arising under or in relation to this Deed of <br />Trust shall be litigated exclusively in the jurisdiction where the Land is located (the <br />"Property Jurisdiction"). The state and federal courts and authorities with jurisdiction in <br />the Property Jurisdiction shall have exclusive jurisdiction over all controversies which <br />shall arise under or in relation to the Loan Documents. Trustor irrevocably consents to <br />service, jurisdiction, and venue of such courts for any such litigation, and waives any <br />other venue to which it might be entitled by virtue of domicile, habitual residence or <br />otherwise. If any provision of this Deed of Trust is held unenforceable or void, that <br />provision shall be deemed severable from the remaining provisions, and shall in noway <br />affect the validity of this Deed of Trust. The captions used in this Deed of Trust are for <br />convenience only and are not intended to affect the interpretation or construction of the <br />provisions herein contained. In this Deed of Trust, whenever the context so requires, <br />i18o284-b z1 <br />