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Mortgagee's deed of trust and shall not impair the rights of the Institutional Mortgagee, or such <br />Institutional Mortgagee's assignee or successor in interest, to exercise its remedies under the <br />Institutional Mortgagee deed of trust in the event of default under the Institutional Mortgagee deed <br />of trust by the Owner. Such remedies under the Institutional Mortgagee deed of trust include the <br />right of foreclosure (judicial or non judicial) or acceptance of a deed or assignment in lieu of <br />foreclosure. The exercise of these remedies does not in any manner trigger the City's Option <br />Rights and the City is not entitled to any proceeds from any sale or transfer of the Property. After <br />such foreclosure or acceptance of a deed in lieu of foreclosure, this Deed of Trust, and the Resale <br />Restrictions and Option to Purchase shall be forever terminated and shall have no further effect as <br />to the Property or any transferee thereafter. <br />IN WITNESS WHEREOF, the parties hereto have entered into this Deed of Trust as of the date <br />first written above. <br />CITY OF SAN LEANDRO, a municipal <br />corporation: <br />— I &1--n (�- <br />By: * ChA Zapata *Jeff Kay, Assistant <br />Its: City Manager City Manager <br />Date: C� 2-9kt V--� <br />OWNER(S): <br />C��Name: lFMrYbWAA11L&4rjf b Francesca Valentina <br />1� Lorenzo <br />Date: • --( (� <br />ALL SIGNATURES MUST BE NOTARIZED <br />WLFA\53530\1235331.3 8 <br />Performance Deed of Trust <br />