Deed - 076-0273-024 - File 1363, 2000

Home

Recording Requested by and After Recording Return To: THE CITY OF SAN LEANDRO City Clerk's Office 835 East 14th Street San Leandro, CA 94577 DEED OF TRUST THIS DEED OF TRUST is made this 16day of IW 2002 by SAN LEANDRO SENIOR HOUSING, INC., ("Trustor"), to the REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO ("Trustee"), for the benefit of the REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO, a public agency organized and existing under the laws of the State of California whose address is 835 East 14th Street, San Leandro, CA 94577("Beneficiary"). TRUSTOR, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, that real property located in the County of Alameda, State of California, more fully described in Exhibit A, which has the address of 232 E. 14th Street, San Leandro, California; TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances and rents (subject however to the rights and authorities given herein to Beneficiary to collect and apply such rents), all of which shall be deemed to be and remain a part of the property covered by this Deed of Trust; and all of the foregoing, together with said property shall be hereinafter defined as the "Property;" TO SECURE to Beneficiary payment of the indebtedness evidenced by a promissory note entered into by Trustor and Beneficiary, of even date herewith, and extensions and renewals thereof ("Note"), in the principal sum of Eight Hundred Eighty -Seven Thousand Five Hundred Thirty -Eight Dollars and No Cents ($887,538.00), or such other principal sum as defined in the Note, and any additional sums and interest thereon hereafter loaned by Beneficiary to Trustor, which loans are evidenced by a promissory note or notes, containing a recitation that this Deed of Trust secures the payment thereof, and the performance of each agreement herein contained. Trustor covenants that it is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Property, and that, to the best of Trustor's knowledge, the Property is unencumbered except for encumbrances of record including the encumbrance of that certain loan between the Trustor and Beneficiary for the purchase of the Property dated d00 / and the United States Department of Housing and Urban Development ("HUD") Capital Advanc Program deed of trust, regulatory agreement and use agreement which are senior liens to this Deed of Trust. Trustor warrants and will defend generally the title to the Property against all claims and demands, subject to encumbrances of record. A. To protect the security of this Deed of Trust, Trustor agrees as follows: 1. Preservation Maintenance and Obligations with Respect to Property. Trustor agrees to keep the Property in good condition and repair; not to remove or demolish any building thereon, except as contemplated in the