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RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL TO <br />City of San Leandro <br />835 East 14th Street <br />San Leandro, CA 94577 <br />Attn: City Clerk <br />EXEMPT FROM RECORDING FEES PER <br />GOVERNMENT CODE §§6103, 27383 <br />♦1 of 4'4 <br />"'�➢ 2016209333 08/ 18/2016 01; 45 PIS <br />OFFICIAL RECORDS OF ALAMEDA COUNTY <br />STEVE MANNING 0.00 <br />`�c FoaN* RECORDING FEE: <br />23 PGS <br />tx <br />Space above this line for Recorder's use. <br />DEED OF TRUST WITH ASSIGNMENT OF RENTS, <br />SECURITY AGREEMENT AND FIXTURE FILING <br />THIS DEED OF TRUST WITH ASSIGNMENT OF RENTS, SECURITY AGREEMENT <br />AND FIXTURE FILING ("Deed of Trust") is made as of o � 2016, by Patel <br />Gomes Property, LLC (collectively hereinafter, "Trustor") to City of San Leandro, as <br />trustee ("Trustee"), for the benefit of the City of San Leandro, a public body corporate <br />and politic ("Beneficiary"). <br />RECITALS <br />A. Trustor owns fee simple title to the land described in Exhibit A attached <br />hereto and incorporated herein by this reference (the "Land"). <br />B. Beneficiary and Trustor have entered into an Owner Participation and <br />Loan Agreement dated as of the date hereof (the "Loan Agreement") pursuant to which <br />Beneficiary will loan to Trustor a sum of up to Forty -Four Thousand Four Hundred <br />Seventy -Five Dollars ($44,475) (the "Loan") for the purpose of partially financing the <br />rehabilitation of the building located on the Land. Trustor has issued to Beneficiary a <br />secured promissory note dated as of the date hereof (the "Note") to evidence Trustor's <br />obligation to repay the Loan. Capitalized terms used herein without definition shall have <br />the meaning ascribed to such terms in the Loan Agreement. <br />C. As a condition precedent to the making of the Loan, Beneficiary has <br />required that Trustor enter into this Deed of Trust and grant to Trustee for the benefit of <br />Beneficiary, a lien and security interest in the Property (as hereafter defined) to secure <br />repayment of the Note. <br />NOW THEREFORE, for good and valuable consideration, the receipt and <br />sufficiency of which are hereby acknowledged, it is agreed as follows. <br />Grant in Trust <br />In consideration of the foregoing and for the purpose of securing payment and <br />performance of the Secured Obligations defined and described in Section 2, Trustor <br />hereby irrevocably and unconditionally grants, conveys, transfers and assigns to <br />Trustee, in trust for the benefit of Beneficiary, with power of sale and right of entry and <br />1177360-2 <br />