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Recording Requested by and <br />After Recording Return To: <br />Redevelopment Agency of <br />City of San Leandro <br />835 East 14th Street <br />San Leandro, CA 94577 <br />!7e� <br />.!�� ,LU.'�i <br />—ji. ....:... <br />COPY OF bf...:. :.:. 4 � <br />1 W9 qq 4 ' <br />HAS NOT BE&P <br />ALAMEN, ORIGINAL <br />RDER <br />DEED OF TRUST <br />THIS DEED OF TRUST ("Security Instrument") is made on August 2 , <br />1999. The grantors are Julie Urbach and Ross H. Urbach, individuals ('Borrowers"), <br />whose address is 4 MacGregor Place, Danville, CA 94526. The Trustee is the City of <br />San Leandro, a Municipal Corporation ("Trustee"). The beneficiary is the <br />Redevelopment Agency of the City of San Leandro, a public agency, organized and <br />existing under the laws of the State of California, and whose address is 835 E. 14th <br />Street, San Leandro, California ("Agency" or "Lender"). Borrowers owe Lender the <br />principal sum of EIGHTY THOUSAND ($80,000.00.) This debt is evidenced by <br />Borrowers' Promissory Note ("Note") dated the same date as this Security <br />Instrument, which provides that Borrowers shall not be required to make interest or <br />principal payments so long as Borrowers comply with the terms of the Note, Security <br />Instrument, Rental Housing Rehabilitation Agreement, and the Regulatory <br />Agreement for fifteen years from the date of execution of the Note. The Note <br />provides that the full debt shall be due and payable upon sale, transfer, conveyance <br />or assignment to any other party(ies) of any interest or right of Borrowers in the <br />property without prior written notice to the Lender and prior written consent of the <br />Lender which shall be granted upon written acknowledgment and assumption by <br />buyer, transferee, recipient or assignee that s/he shall be bound by the covenants and <br />conditions of the Note, Security Instrument, Rental Housing Rehabilitation <br />Agreement and Regulatory Agreement; or on the date Borrowers, after reasonable <br />opportunity to cure, is declared by Lender to be in default of any provision of this <br />Security Instrument, the Note, Rental Housing Rehabilitation Agreement, or <br />Regulatory Agreement. <br />This Security Instrument secures to Lender: (a) the repayment of the debt <br />evidenced by the Note, with interest as provided in the Note, and all renewals, <br />extensions and modifications of the Note; and (b) the performance of Borrowers' <br />825 San Leandro Boulevard Page I' of 9 <br />Deed of Trust <br />071999 <br />