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1 ar ,r <br /> • <br /> em. 2011023352 01/18/2011 11:36 AM <br /> RECORDING REQUESTED BY 7/ OFFICIAL RECORDS F RLR 1EDR COUNTY <br /> AND WHEN RECORDED MAIL TO: ; o RECORDING FEE: 0.00 <br /> Redevelopment Agency of the 111 I III �II II III III II I I I II <br /> City of San Leandro <br /> 835 East 14 Street 23 PGS <br /> San Leandro, CA 94577 <br /> Attn: City Clerk n� <br /> EXEMPT FROM RECORDING FEES PER <br /> GOVERNMENT CODE § §6103, 27383 <br /> sr <br /> Space above this line for Recorder's use. <br /> DEED OF TRUST WITH ASSIGNMENT OF RENTS, <br /> SECURITY AGREEMENT AND FIXTURE FILING <br /> THIS DEED OF TRUST WITH ASSIGNMENT OF RENTSJ5ECURITY AGREEMENT <br /> AND FIXTURE FILING ( "Deed of Trust ") is made as of J.,,,, Q g , 2010, by <br /> Victor Siu (collectively hereinafter, "Trustor ") to the Redevelopment Agency of the City • <br /> of San Leandro, as trustee ( "Trustee "), for the benefit of the Redevelopment Agency of <br /> the City of San Leandro, a public body corporate and politic politic ( "Beneficiary"). <br /> RECITALS <br /> A. Trustor owns fee simple title to the land described in Exhibit A attached <br /> hereto and incorporated herein by this reference (the "Land "). The Land is located <br /> within the Alameda County — City of San Leandro (Joint) Redevelopment Project Area. <br /> B. Beneficiary and Trustor have entered into an Owner Participation and <br /> Loan Agreement dated as of the date hereof (the "Loan Agreement ") pursuant to which <br /> Beneficiary will loan to Trustor a sum of up to Fifty Thousand Dollars ($50,000) (the <br /> "Loan ") for the purpose of partially financing the rehabilitation of the building located on <br /> the Land. Trustor has issued to Beneficiary a secured promissory note dated as of the <br /> date hereof (the "Note ") to evidence Trustor's obligation to repay the Loan. Capitalized <br /> terms used herein without definition shall have the meaning ascribed to such terms in <br /> the Loan Agreement. <br /> C. As a condition precedent to the making of the Loan, Beneficiary has <br /> required that Trustor enter into this Deed of Trust and grant to Trustee for the benefit of <br /> Beneficiary, a lien and security interest in the Property (as hereafter defined) to secure <br /> repayment of the Note. <br /> NOW THEREFORE, for good and valuable consideration, the receipt and <br /> sufficiency of which are hereby acknowledged, it is agreed as follows. <br /> 1. Grant in Trust <br /> • <br /> 1177360 -2 <br />