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<br />Recording Requested by and
<br />After Recording Return To:
<br />THE CITY OF SAN LEANDRO
<br />City Clerk's Office
<br />835 East 14th Street
<br />San Leandro, CA 94577
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<br />DEED OF TRUST
<br />~00~2610~2 ~6113129~~ 08.3 APB
<br />OFFICIAL RECORDS OF RECORDING FEE: 0.00
<br />ALAMEDA COUNTY
<br />PATRICK O'CONNELL
<br />9 PGS
<br />Ct1Y Of SAN t~A1~t~t?
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<br />~~-~~,~ ~~-~ ~ JUL 0 8 2002
<br />CITY CLERK'S QFFICE
<br />THIS DEED OF TRUST is made this 6th day of May , 2002 among the Trustor,
<br />Citizens' Housing Corporation, a California nonprofit public benefit corporation, (herein "Trustor"), THE
<br />CITY OF SAN LEANDRO (herein "Trustee"), and the Beneficiary, THE CITY OF SAN LEANDRO, a public
<br />agency organized and existing under the laws of the State of California whose address is 835 East 14th
<br />Street, San Leandro, CA 94577(herein "Beneficiary").
<br />TRUSTOR, in consideration of the indebtedness herein recited and the trust herein created, irrevocably
<br />grants and conveys to Trustee, in trust, with power of sale, that real property located in the County of
<br />Alameda, State of California, more fully described in Exhibit A, which has the address of 15320 Tropic
<br />Court, San Leandro, California;
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights,
<br />appurtenances and rents (subject however to the rights and authorities given herein to Beneficiary to collect
<br />and apply such rents), all of which shall be deemed to be and remain a part of the property covered by this
<br />Deed of Trust; and all of the foregoing, together with said property are hereinafter referred to as the
<br />"Property' ;
<br />TO SECURE to Beneficiary payment of the indebtedness evidenced by a promissory note, of even date
<br />herewith, and extensions and renewals thereof (herein "Note"), in the principal sum of SEVEN HUNDRED
<br />THOUSAND ($700,000.00), any additional sums and interest thereon hereafter loaned by Beneficiary to
<br />Trustor, which loans are evidenced by a promissory note or notes, containing a recitation that this Deed of
<br />Trust secures the payment thereof, and the performance of each agreement herein contained.
<br />Trustor covenants that it is lawfully seized of the estate hereby conveyed and has the right to grant and
<br />convey the Property, and that, to the best of Trustor's knowledge, the Property is unencumbered except for
<br />encumbrances of record. Trustor warrants and will defend generally the title to the Property against all
<br />claims and demands, subject to encumbrances of record.
<br />A. To protect the security of this Deed of Trust, Trustor agrees as follows:
<br />Preservation and Maintenance of Property. Trustor agrees to keep the Property in good
<br />condition and repair; not to remove or demolish any building thereon; to complete or
<br />restore promptly and in good and workmanlike manner any building which may be
<br />constructed, damaged, or destroyed thereon and to pay when due all claims for labor
<br />performed and materials furnished therefor; to comply with all laws affecting the Property
<br />
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