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Inst 2014298539
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Inst 2014298539
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2/6/2015 10:15:27 AM
Creation date
2/6/2015 10:14:58 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
9/23/2014
Recorded Document Type
Deed of Trust
Assignment of Rents
Retention
PERM
Document Relationships
Agmt 2014 Alameda Housing Associates LP
(Reference)
Path:
\City Clerk\City Council\Agreements\2014
Inst 2014298538
(Reference)
Path:
\City Clerk\City Council\Recorded Documents\2014
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Documents and any other agreement of any nature whatsoever now or hereafter involving or <br /> affecting the Security or any part thereof. <br /> 5.2 Agreement to Pay Attorneys'Fees and Expenses. In the event of any Event of <br /> Default(as defined below)hereunder, and if the Beneficiary should employ attorneys or incur <br /> other expenses for the collection of amounts due or the enforcement of performance or <br /> observance of an obligation or agreement on the part of the Trustor in this Deed of Trust, the <br /> Trustor agrees that it will, on demand therefor,pay to the Beneficiary the reasonable fees of such <br /> attorneys and such other reasonable expenses so incurred by the Beneficiary; and any such <br /> amounts paid by the Beneficiary shall be added to the indebtedness secured by the lien of this <br /> Deed of Trust, and shall bear interest from the date such expenses are incurred at the lesser of ten <br /> percent(10%)per annum or the maximum rate permitted by law. <br /> 5.3 Payment of the Principal. The Trustor shall pay to the Beneficiary the Principal <br /> and any other payments as set forth in the Note in the amounts and by the times set out therein. <br /> 5.4 Personal Property. To the maximum extent permitted by law,the personal <br /> property subject to this Deed of Trust shall be deemed to be fixtures and part of the real property <br /> and this Deed of Trust shall constitute a fixtures filing under the California Commercial Code. <br /> As to any personal property not deemed or permitted to be fixtures,this Deed of Trust shall <br /> constitute a security agreement under the California Commercial Code. <br /> 5.5 Financing Statement. The Trustor shall execute and deliver to the Beneficiary <br /> such financing statements pursuant to the appropriate statutes, and any other documents or <br /> instruments as are required to convey to the Beneficiary a valid perfected security interest in the <br /> Security. The Trustor agrees to perform all acts which the Beneficiary may reasonably request <br /> so as to enable the Beneficiary to maintain such valid perfected security interest in the Security <br /> in order to secure the payment of the Note in accordance with its terms. The Beneficiary is <br /> authorized to file a copy of any such financing statement in any jurisdiction(s) as it shall deem <br /> appropriate from time to time in order to protect the security interest established pursuant to this <br /> instrument. <br /> 5.6 Operation of the Security. The Trustor shall operate the Security(and, in case of <br /> a transfer of a portion of the Security subject to this Deed of Trust,the transferee shall operate <br /> such portion of the Security) in full compliance with the Loan Documents. <br /> 5.7 Inspection of the Security. At any and all reasonable times upon seventy-two (72) <br /> hours'notice, the Beneficiary and its duly authorized agents, attorneys, experts, engineers, <br /> accountants and representatives, shall have the right,without payment of charges or fees, to <br /> inspect the Security. <br /> 5.8 Nondiscrimination. The Trustor herein covenants by and for itself, its heirs, <br /> executors, administrators, and assigns, and all persons claiming under or through them,that there <br /> shall be no discrimination against or segregation of, any person or group of persons on account <br /> of race, color, creed,religion, sex, sexual orientation,marital status,national origin or ancestry in <br /> the sale, lease, sublease,transfer,use, occupancy, tenure or enjoyment of the Security,nor shall <br /> the Trustor itself or any person claiming under or through it establish or permit any such practice <br /> 8 <br /> 144\221\1488737.2 <br />
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