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} Recorded at the Request of <br /> Old Republic Title laewpaity <br /> • Oakland ,�`r C4 4`9�. <br /> t (16 i i-2 1 2013042740 <br /> Recording Requested by //' 02/01/2013 08:30 R�1 <br /> and when Recorded,return to: C4 `� PATRICKL0'CONNELLOF ALAMEDA COUNTY <br /> L1FpP" RECORDING FEE: <br /> 0.96 <br /> City of San Leandro \ ' <br /> 835 East 14th Street �J <br /> San Leandro, CA 94577 / 12 PGs <br /> Attention: City Clerk // <br /> EXEMPT FROM RECORDING FEES PER <br /> GOVERNMENT CODE§§6103,27383 <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 RENTS, SECURITY AGREEMENT AND FIXTURE <br /> FILING ("Deed of Trust") is made as of December 4, 2012, by Cornerstone Community Development <br /> Corporation, a California nonprofit public benefit corporation ("Trustor") to Old Republic Title Company as <br /> trustee ("Trustee"), for the benefit of the City of San Leandro, a municipal corporation ("Beneficiary"). <br /> RECITALS <br /> A. Trustor owns fee simple title to the land described in Exhibit A attached hereto and <br /> incorporated herein by this reference (the"Land"). <br /> B. Beneficiary and Trustor have entered into that certain Capital Improvement Loan <br /> Agreement dated as of July 1, 2008 and amended by that certain Addendum I executed on September 27, <br /> 2010, that certain Addendum II executed on September 25, 2012, and that certain Addendum III executed <br /> on December 4, 2012, (collectively, the"Loan Agreement"), pursuant to which Beneficiary is providing a <br /> loan to Trustor in the amount of One Hundred Thousand Dollars and No Cents($100,000.00) (the"Loan") <br /> for the purpose of assisting Trustor with capital improvement projects. The Loan is funded with Community <br /> Development Block Grant("CDBG") funds granted to Beneficiary. Trustor has issued to Beneficiary that <br /> certain Capital Improvement Promissory Note, as amended by that certain First Amendment to Capital <br /> Improvement Promissory Note ("First Amendment to Note") dated as of the date hereof(collectively, the <br /> "Note"), to evidence Trustor's obligation to repay the Loan. . <br /> C. As a condition of increasing the amount of the Loan as set forth in the First Amendment to <br /> Note, Beneficiary has required that Trustor enter into this Deed of Trust and grant to Trustee for the benefit <br /> of Beneficiary, a lien and security interest in the Property (defined below) to secure repayment of the Note <br /> and performance of Trustor's obligations under the Loan Agreement and the Loan Documents (defined <br /> below). <br /> NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are <br /> hereby acknowledged, it is agreed as follows. <br /> II <br /> 2002455.2 1 <br />