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M/ t amu__ 39[10M <br />11 11� Recording Requested by Ckwelo <br />\ and when Recorded, return to: <br />City of San Leandro <br />Mail Tax Statements to: <br />City of San Leandro <br />City of San Leandro <br />835 E. 14th Street <br />San Leandro, California 94577 <br />Attn: Community Development Director <br />EXEMPT FROM RECORDING FEES PER GOVERNMENT CODE <br />"6103,27383 <br />AP N: 0776-1228-004-00 <br />�+ OF 449 <br />2016236418 09/16/2016 08:30 AM <br />OFFICIAL RECORDS OF ALAMEDA COUNTY <br />STEVE MANNING <br />°�i,soar�► RECORDING FEE: 0.00 <br />111111111111111111111111 28 PGS <br />(SPACE ABOVE THIS LINE RESERVED FOR RECORDER'S USE) <br />PERFORMANCE DEED OF TRUST <br />(Option to Cure and Purchase Agreement) <br />THERE ARE RESTRICTIONS ON THE SALE OF THE PROPERTY YOU ARE BUYING. EXCEPT FOR A <br />TRANSFER TO THE CITY OF SAN LEANDRO (THE "CITY") FOLLOWING CITY'S EXERCISE OF ITS <br />OPTION TO PURCHASE, THIS PROPERTY MAY ONLY BE SOLD TO AN ELIGIBLE HOUSEHOLD AT A <br />PRICE NOT TO EXCEED THE ADJUSTED RESALE PRICE WHICH IS CAPPED AT AN AFFORDABLE <br />HOUSING COST. <br />This PERFORMANCE DEED OF TRUST ("Deed of Trust") is entered into as of September 9, <br />2016, between Yongshi Guan, King Wal Sze, Hui Qiang Guan, and Mei Zhen Lu ("Trustor") whose <br />address is 597 Jasmine Way, San Leandro, CA 94578, in favor of Chicago Title Company ("Trustee"), <br />for the benefit of the CITY OF SAN LEANDRO ("Beneficiary") whose address is 835 E. 14th Street, San <br />Leandro, CA 94577. <br />RECITALS <br />WHEREAS, Beneficiary and Trustor have entered into a Resale Restriction Agreement dated <br />September 9, 2016, and attached hereto as Exhibit A (the "Resale Restrictions"), pursuant to which <br />Beneficiary promised, among other things, to only sell to a moderate -income purchaser qualified pursuant <br />to the City's Inclusionary Housing Program ("Eligible Household") at a price not to exceed the adjusted <br />resale price capped at an affordable housing cost. <br />AGREEMENT <br />NOW, THEREFORE, to secure the full and timely performance by Trustor of the Secured <br />Obligation, it is agreed as follows: <br />Placement into Trust. <br />a. Trustor, in consideration of the obligations referred to below and the trust hereby created, <br />irrevocably grants, transfers, conveys, and assigns to trustee, in trust, with power of sale, Trustor's fee <br />interest in and to that real property located in the County of Alameda, State of <br />