Deed - 15370-15375 Tropic Ct - File 1329, 1999

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Recording Requested by and After Recording Return To: EXHIBIT H 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 '? day of Ltel / f 9 y , 1999 among the Trustor, LAS PALMAS DEVELOPMENT PARTNERS, A California Limited Partnership (herein "Trustor"), THE CITY OF SAN LEANDRO (herein "Trustee"), and the Beneficiary, 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(herein "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 15370-15375 Tropic Court, 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 are hereinafter referred to as the "Property"; TO SECURE to Beneficiary payment of the indebtedness evidenced by a promissory note, of even date herewith, and extensions and renewals thereof (herein "Note"), in the principal sum of SEVEN HUNDRED FIFTY THOUSAND ($750,000.00), 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. 1