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S�L�L►wl�.� <br />Recording Requested by <br />and when Recorded, return to: <br />City of San Leandro <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 />W Uf f Is- t>iL hk: a �,:•.; + i ;li_r;r',� �. <br />P07R7CK O'CNNP LL <br />REC1JfrLr NG FEE <br />EXEMPT FROM RECORDING FEES PER GOVERNMENT CODE <br />§§6103,27383 <br />APN 075-0209-058-00 (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") 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 <br />12/1/2012, between Xiu Lan Yang ("Trustor") whose address is 580 Alvarado Street, San <br />Leandro, CA 94577, in favor of Chicago Title Company ("Trustee"), for the benefit of the CITY <br />OF 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 Restriction Agreement <br />dated 12/1/2012 and attached hereto as Exhibit A (the "Resale Restrictions"), pursuant to which <br />Beneficiary promised, among other things, to only sell to a low- or moderate -income purchaser <br />qualified pursuant to the City's Inclusionary Housing Program ("Eligible Household") at a price not <br />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 />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 />California, more specifically described in Exhibit B attached hereto and incorporated herein by this <br />reference (the "Property"). <br />