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\y 9 01 99 <br />. cove Cav-d <br />Recording Requested by <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 />APN 08OG-1287-103 <br />OF 4LQ�R 2017148467 0710712017 01:48 PM <br />a OFFICIAL RECORDS OF ALAMEDA COUNTY <br />v ' STREC RECORDING FEE: 0.00 <br />r�L/FOPN�r <br />27 PGS <br />I I <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. <br />EXCEPT FOR A TRANSFER TO THE CITY OF SAN LEANDRO (THE "CITY') FOLLOWING <br />CITY'S EXERCISE OF ITS OPTION TO PURCHASE, THIS PROPERTY MAY ONLY BE SOLD <br />TO AN ELIGIBLE HOUSEHOLD AT A PRICE NOT TO EXCEED THE ADJUSTED RESALE <br />PRICE WHICH IS CAPPED AT AN AFFORDABLE HOUSING COST. <br />This PERFORMANCE DEED OF TRUST ("Deed of Trust") is entered into as of June 25, <br />2017, between Junda Chen & Ka Ki Ng ("Trustor") whose address is 730 Fargo Ave #1, San <br />Leandro, CA 94579, in favor of Old Republic Title Company ("Trustee"), for the benefit of the <br />CITY OF SAN LEANDRO ("Beneficiary") whose address is 835 E. 14th Street, San Leandro, CA <br />94577. <br />RECITALS <br />WHEREAS, Beneficiary and Trustor have entered into a Resale Restrictions and Option to <br />Purchase dated June 25, 2017, and attached hereto as Exhibit A (the "Resale Restrictions"), <br />pursuant to which Beneficiary promised, among other things, to only sell to a moderate -income <br />purchaser qualified pursuant to the City's Inclusionary Housing Program ("Eligible Household") at a <br />price not to exceed the adjusted resale price capped at an affordable housing cost. <br />11rI:1; t: t, 1=1i1<Ill <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 <br />created, irrevocably grants, transfers, conveys, and assigns to trustee, in trust, with power of sale, <br />Trustor's fee interest in and to that real property located in the County of Alameda, State of <br />W LFA\53530\ 1235331.3 <br />Performance Deed of Trust <br />821 <br />