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old' (?iutoLc i lit <br /> C5 CA(c4 o f L-I 1 OW 2 2.0 <br /> • <br /> Recording Requested by <br /> and when Recorded,return to: 6'1'14 ea 2017158661 07/20/2017 01:15 PM <br /> City of San Leandrol OFFICIAL RECORDS OF ALAMEDA COUNTY <br /> Mail Tax Statements to: � . ; STEVE MANNING! <br /> City of San Leandro ° ,,,IRECORDING FEE: 0.00 <br /> City of 14t Leandro II I II I I III II I I Ill I I I I dl II <br /> 835 E. 14th Street _ <br /> San Leandro,California 94577 as PGS <br /> Attn: Community Development Director <br /> EXEMPT FROM RECORDING FEES PER GOVERNMENT CODE <br /> §§8103,27383 <br /> APN 080G-1287-056 <br /> (SPACE ABOVE THIS UNE RESERVED FOR RECORDERS 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 Fatimatou Fall ('Trustor•)whose address is 680 Fargo Ave#15, San Leandro, <br /> CA 94579, in favor of Old Republic Title Company('Trustee"), for the benefit of the CITY OF <br /> SAN 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 /> WLFA15353011235331,3 <br /> Performance Deed of Trust <br />