My WebLink
|
Help
|
About
|
Sign Out
Home
Deed - APN 075-0121-012-03 - File 1433,
CityHall
>
City Clerk
>
City Council
>
Recorded Documents
>
Deeds
>
Deed - APN 075-0121-012-03 - File 1433,
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/11/2022 11:43:47 AM
Creation date
10/11/2022 11:40:42 AM
Metadata
Fields
Template:
CM City Clerk-City Council
Recorded Document Type
Deed
Retention
PERM
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
34
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Download electronic document
View images
View plain text
RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL TO: <br />Space above this line for Recorder's use. <br />DEED OF TRUST, ASSIGNMENT OF RENTS, <br />SECURITY AGREEMENT AND FIXTURE FILING <br />THIS DEED OF TRUST, ASSIGNMENT OF RENTS, SECURITY AGREEMENT AND <br />FIXTURE FILING ("Deed of Trust") is made as of Au'c sr I , 2014 by Davis Street Family <br />Resource Center, a California non-profit organization ("Trustor") to the City of San Leandro, a <br />charter city formed under the laws of the State of California, as trustee ("Trustee"), for the <br />benefit of the City of San Leandro ("Beneficiary"). <br />RECITALS <br />A. Trustor owns fee simple title to the land located at 1190 Davis Street in San <br />Leandro, California and more particularly described in Exhibit A attached hereto and <br />incorporated herein by this reference (the "Land"). <br />B. Beneficiary and Trustor have entered into a Loan Agreement dated as of the date <br />hereof (the "Loan Agreement") pursuant to which Beneficiary will provide a loan to Trustor in <br />the amount of one million five hundred thousand Dollars ($1,500,000.00) (the "Loan") for the <br />purpose of bridge financing for Trustor to establish a medical clinic. Trustor has issued to <br />Beneficiary a secured promissory note dated as of the date hereof (the "Note") to evidence <br />Trustor's obligation to repay the Loan. <br />C. As a condition precedent to the making of the Loan, Beneficiary has required that <br />Trustor enter into this Deed of Trust and grant to Trustee for the benefit of Beneficiary, a lien <br />and security interest in the Property (defined below) to secure repayment of the Note. <br />NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of <br />which are hereby acknowledged, it is agreed as follows. <br />1. Grant in Trust. In consideration of the foregoing and for the purpose of securing payment <br />and performance of the Secured Obligations defined and described in Section 2, Trustor hereby <br />irrevocably and unconditionally grants, conveys, transfers and assigns to Trustee, in trust for the <br />benefit of Beneficiary, with power of sale and right of entry and possession, all estate, right, title <br />and interest which Trustor now has or may later acquire in and to the Land, and all of the <br />following, whether presently owned or hereafter acquired: <br />
The URL can be used to link to this page
Your browser does not support the video tag.