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Inst 99276460
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Inst 99276460
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Last modified
1/3/2013 2:33:16 PM
Creation date
1/3/2013 2:33:15 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
6/30/1999
Recorded Document Type
Deed of Trust
Retention
PERM
Document Relationships
Inst 99315159
(Reference)
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\City Clerk\City Council\Recorded Documents\_Pre2000
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992 60 <br /> • <br /> ' 6. Notice. Except for any notice required under applicable law to be given <br /> in another manner, (a) any notice to Trustor provided for in this Deed of Trust shall <br /> be given by delivering it or by mailing such notice by certified mail return receipt <br /> requested addressed to Trustor at Cornerstone Community Development <br /> Corporation, 1271 Washington Ave., PMB 812, San Leandro CA 94577,Attn: <br /> Executive Director, or at such other address as Trustor may designate by notice to <br /> Beneficiary as provided herein, and (b) any notice to Beneficiary shall be given by <br /> certified mail return receipt requested to Beneficiary's address stated herein or to such <br /> other address as Beneficiary may designate by notice to Trustor as provided herein. <br /> Any notice provided for in this Deed of Trust shall be deemed to have been given to <br /> Trustor or Beneficiary when given in the manner designated herein two (2) days after <br /> deposit into the United States Mail, or on the date when personally served on the <br /> Trustors or Beneficiary. <br /> 7. Due On Sale without the consent of Beneficiary. If the Property, any <br /> part of it, or interest in it is sold, or if Trustor agrees to sell, convey, or alienate said <br /> property, by operation of law or otherwise in violation of the transfer provisions of <br /> the Loan Agreement, all obligations secured by this instrument, irrespective of the <br /> maturity dates expressed therein, at the option of the holder thereof and without <br /> demand shall immediately become due and payable. <br /> 8. Powers of Sale. Upon default by Trustor in payment of any indebtedness <br /> secured hereby or in performance of any agreement hereunder, after the expiration of <br /> applicable notice and cure periods, all sums secured hereby shall immediately become <br /> due and payable at the option of the Beneficiary. In the event of default, Beneficiary <br /> may employ counsel to enforce payment of the obligations secured hereby, and shall <br /> execute or cause the Trustee to execute a written notice of such default and of its <br /> election to cause to be sold the Property to satisfy the obligations hereof, and shall <br /> cause such notice to be recorded in the office of the Recorder of each county wherein <br /> the Property or some part thereof is situated. <br /> Prior to publication of the notice of sale, Beneficiary shall deliver to Trustee <br /> this Deed of Trust and the Note or other evidence of indebtedness which is secured <br /> hereby, together with a written request for the Trustee to proceed with a sale of the <br /> property described herein, pursuant to the provisions of law and this Deed of Trust. <br /> Notice of sale having been given as then required by law, and not less than the <br /> time then required by law having elapsed after recordation of such notice of default, <br /> Trustee, without demand on Trustor, shall sell the Property at the time and place <br /> fixed by it in said notice of sale, either as a whole or in separate parcels and in such <br /> 6 <br />
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