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Inst 2018004642
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Inst 2018004642
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Last modified
3/9/2018 4:37:49 PM
Creation date
3/9/2018 4:28:39 PM
Metadata
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Template:
CM City Clerk-City Council
Document Date (6)
1/8/2018
Recorded Document Type
Deed of Trust
Assignment of Rents
Retention
PERM
Document Relationships
Agmt 2017 Dan and Gina Dillman Loan Agreement
(Reference)
Path:
\City Clerk\City Council\Agreements\2017
Reso 2017-150
(Reference)
Path:
\City Clerk\City Council\Resolutions\2017
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Beneficiary: City of San Leandro <br /> City Hall <br /> 835 East 10 Street <br /> San Leandro, CA 94577 <br /> Attn: City Manager <br /> Trustor: Dan and Gina Dillman <br /> Trustee: City of San Leandro <br /> City Hall, 835 East 14th Street <br /> San Leandro, CA 94577 <br /> Attn: Finance Director <br /> 10.3 Binding on Successors. The terms, covenants and conditions of this Deed of <br /> Trust shall be binding upon and inure to the benefit of the heirs, administrators, executors, <br /> successors in interest,transferees, and assigns of the Trustor, Beneficiary and Trustee;provided <br /> however this Section 10.3 does not waive any provision of the Loan Documents imposing <br /> restrictions on transfer. <br /> 10.4 Substitution of Trustee. Beneficiary may from time to time or at any time <br /> substitute a trustee or trustees to execute the trust hereby created,and when any such substitution <br /> has been filed for record in the office of the Recorder of Alameda County, it shall be conclusive <br /> evidence of the appointment of such trustee or trustees, and such new trustee or trustees shall <br /> succeed to all of the powers and duties of the Trustee named herein. <br /> 10.5 Attorneys' Fees and Costs. In any action or proceeding to foreclose this Deed of <br /> Trust or to enforce any right of Beneficiary or of Trustee, Trustor shall pay to Beneficiary and <br /> Trustee all costs of such action or proceeding, including reasonable attorneys' fees. <br /> 10.6 Governing Law; Severability; Interpretation. This Deed of Trust shall be <br /> governed by the laws of the State of California without regard to principles of conflicts of laws. <br /> Trustor agrees that any controversy arising under or in relation to this Deed of Trust shall be <br /> litigated exclusively in the jurisdiction where the Land is located(the"Property Jurisdiction"). <br /> The state and federal courts and authorities with jurisdiction in the Property Jurisdiction shall <br /> have exclusive jurisdiction over all controversies that may arise under or in relation to the Loan <br /> Documents. Trustor irrevocably consents to service,jurisdiction,and venue of such courts for <br /> any such litigation,and waives any other venue to which it might be entitled by virtue of <br /> domicile,habitual residence or otherwise. If any provision of this Deed of Trust is held <br /> unenforceable or void,that provision shall be deemed severable from the remaining provisions, <br /> and shall in no way affect the validity of this Deed of Trust. The captions used in this Deed of <br /> Trust are for convenience only and are not intended to affect the interpretation or construction of <br /> the provisions herein contained. In this Deed of Trust, whenever the context so requires, the <br /> singular number includes the plural. <br /> 39 <br />
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