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RECORDED AT THE REQUEST OF PLACER TITLE CO.# 815 -c 1 O 2006181159 05/05/2006 08 :30 41 o OFF ICI at_ RECORDS OF PI.Pf.DP COLN I't • RPIRICK 'CONNELL Recording requested by and when recorded (� RECORD FEE: a3C mail to: c 40, 09” Redevelopment Agency of the City of San °P Leandro i 11, i 835 East I4 Street San Leandro, CA 94577 ill�ll I. II� ICI 11111 � �I ',,I I " Attention: Executive Director EXEMPT FROM RECORDING FEES PER v l GOVERNMENT CODE H6103, 27383 ,tJ 1 Space above this line for Recorder's use. 1� CFCi OF SAN LEANDRO DEED OF TRUST WITH ASSIGNMENT OF RENTS, JUN 0 6 2006 SECURITY AGREEMENT AND FIXTURE FILING CITY CLERK'S OFFICE THIS DEED OF TRUST WITH ASSIGNMENT OF RENTS, SECURITY AGREEMENT AND FIXTURE FILING ( "Deed of Trust ") is made as of Ar'ut- it 2006, by Alameda County Allied Housing Program, a California non - profit public benefit corporation, as trustor ( "Trustor ") to Placer Title Company as trustee ( "Trustee ") for the benefit of the Redevelopment Agency of the City of San Leandro, a public body corporate and politic ( "Beneficiary "). RECITALS A. Trustor owns fee simple title to the land described in Exhibit A attached hereto and incorporated herein by this reference ( "Land "). The Land is located within the Alameda County -City of San Leandro (Joint) Redevelopment Project Area. Beneficiary and Trustor have entered into an Owner Participation Agreement dated as of 1"j`f , 2006 and executed by and among Beneficiary and Trustor ( "OPA ") and an Affordable Housing Regulatory Agreement and Declaration of Restrictive Covenants dated as of i•1A'( 3 , 2006 and executed by and among Beneficiary, the City of San Leandro ( "City ") and Trustor ( "Regulatory Agreement "). The Regulatory Agreement will be recorded in the Official Records of Alameda County concurrently herewith. Capitalized terms used herein without definition shall have the meaning ascribed to such terms in the OPA. B. Pursuant to the OPA, Beneficiary and Trustor have entered into a Loan Agreement dated as of MAT 3 , 2006 ( "Agency Loan Agreement ") pursuant to which Beneficiary will provide a loan to Trustor in We amount of up to Five Hundred Thirty -eight Thousand Sixty -seven Dollars and No Cents (5538,067.00) ( "Agency Loan ") for the purpose of partially financing the acquisition of a 25 -unit mixed residential and commercial development and related improvements on the Land. Trustor has issued to Beneficiary a secured promissory note dated as of the date hereof (the "Agency Note ") to evidence Trustor's obligation to repay 818010 -4