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Inst 2019047946
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Inst 2019047946
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Last modified
6/5/2019 7:12:32 AM
Creation date
4/3/2019 3:00:47 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
3/15/2019
Recorded Document Type
Deed of Trust
Assignment of Rents
Retention
PERM
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Inst 2019047947
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\City Clerk\City Council\Recorded Documents\2019
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RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL TO: <br />City of San Leandro <br />835 East 14t' Street <br />San Leandro, CA 94577 <br />Attn: City Clerk <br />2019047946 03/15/2019 031,19 PN <br />M <br />C 111 A N 0 r <br />aboATM W(fbrIRWAIrder's <br />I L. E. k <br />y G <br />THIS DEED OF TRUST WITH ASSIGNMENT OF RENTS, SECURITY AGREEMENT AN# <br />FIXTURE FILING ("Deed of Trust") is made as of 2019, by DanVy Vu <br />(collectively hereinafter, "Trustor") to City of San Leandro, as trustee ("Trustee"), for the <br />benefit of the City of San Leandro, a public body corporate and politic ("Beneficiary"). <br />A. Trustor owns fee simple title to the land described in Exhibit A attached hereto <br />and incorporated herein by this reference (the "Land"). <br />B. Beneficiary and Trustor have entered into an Owner Participation and Loan <br />Agreement dated as of the date hereof (the "Loan Agreement") pursuant to which <br />Beneficiary will loan to Trustor a sum of up to Forty Five Thousand ($45,000) (the "Loan") <br />for the purpose of partially financing the rehabilitation of the building located on the Land. <br />Trustor has issued to Beneficiary a secured promissory note dated as of the date hereof <br />(the "Note") to evidence Trustor's obligation to repay the Loan. Capitalized terms used <br />herein without definition shall have the meaning ascribed to such terms in the Loan <br />Agreement. <br />C. As a condition precedent to the making of the Loan, Beneficiary has required <br />that Trustor enter into this Deed of Trust and grant to Trustee for the benefit of Beneficiary, <br />a lien and security interest in the Property (as hereafter defined) to secure repayment of the <br />N ote. <br />NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency <br />of which are hereby acknowledged, it is agreed as follows. <br />
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