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2019047947 03/15/20100 03:19 PM W- AL ANP -1,4i ,AJUN ru-ISSA WILK 00 RECORDING REQUESTED BY FEE 0 AND WHEN RECORDED MAIL TO: City of San Leandro b Plo", 835 East 1411 Street ... . .... .. . ..... San Leandro, CA 94577 L E"A N,D R 0 Attn-. City Clerk EXEMPT FROM RECORDING FEES PER MAR 2 8 2019 GOVERNMENT CODE §§6103,27383 .. ........ - -- -------- (SPACE ABOVE THIS LINE RES R9ITY(f,,1-aM .4.T.'U'.) This Memorandum of Commercial Rehabilitation Loan Agreement (this "Memorandum") dated as of 2019, is entered into by and between the City of San Leandro, a public agency ("City"), and DanVy Vu ("Owner"). City and Owner are hereinafter collectively referred to as the "Parties." 1 . The Parties have entered into that certain Commercial Rehabilitation Loan Agreement dated as of the date hereof (the "Agreement"), pursuant to which Owner has agreed to undertake certain improvements to the real property (the "Property") located within the City of San Leandro and more particularly described in Exhibit A attached here and incorporated herein by this reference. I 2. Among other conditions, the Agreement provides that (i) except as permitted by the Agreement, Owner shall not voluntarily or involuntarily make or attempt any total or partial sale, transfer, conveyance, assignment of the whole or any part of the Property or the improvements located thereon without the prior written approval of the City, such approval shall not be unreasonably withheld; and (ii) any transferee of all or part of the Property shal' be subject to and shall expressly assume all of the covenants, obligations and restrictions of the Agreement which pertain to the portion of the Property transferred, including without limitation, the maintenance obligations and use restrictions set forth in the Agreement. 3. The Parties have executed and recorded this instrument to give notice of the Agreement and the Regulatory Agreement, and the respective rights of the Parties thereunder. Copies of the unrecorded Agreement are available at the offices of the City, 835 East 14th Street, San Leandro, California, and such document is incorporated by reference in its entirety in this Memorandum. In the event of any inconsistency between this Memorandum and the Agreement, the Agreement shall control. 5. This Memorandum shall be interpreted and enforced in accordance with California law without regard to principles of conflict of laws. 6. The Agreement shall bind and inure to the benefit of the Parties and their respective successors and assigns.