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� o � 4- 0 CK4 70 2-0 3-70 -J <br />2@17154188 0111412011 01;08 PM <br />r� OF 44 OF ALAMEDA COUNTY <br />` <br />OFFICIAL RECORDS 0.00 <br />' a ST RECORDING FEE <br />Recording Requested by <br />and when Recorded, return to: <br />City of San Leandro 83 pcs <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-1287-039 <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'J 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 Ka Wai Yuen -Lee & Man Fung Lee ("Trustor") whose address is <br />, in favor of Old Republic Title Company ("Trustee"), for the benefit of the CITY OF SAN <br />LEANDRO ("Beneficiary") whose address is 835 E. 14th Street, San Leandro, CA 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 />AGREEMENT <br />NOW, THEREFORE, to secure the full and timely performance by Trustor of the Secured <br />Obligation, it is agreed as follows: <br />1. 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 />WLFA\53530\1235331.3 <br />Performance Deed of Trust <br />