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* r1+OF 4(4 2015181861 07/01/2015 11:15 AM <br /> o 12 OFFICIAL RECORDS OF ALAMEDA COUNTY <br /> " <br /> 106'; <br /> D STEVE ORDMANNIINGNG <br /> RECFEE: 0.00 <br /> RECORDING REQUESTED BY °44,,00* <br /> AND WHEN RECORDED MAIL TO: <br /> III I 111 0 II II II II 1111 I 0 21 PGS <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 2 I <br /> GOVERNMENT CODE§§6103,27383 <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 May 1, 2015, by Freebird <br /> Properties, LLC (collectively hereinafter, "Trustor") to Sanford Investment Company, <br /> as trustee ("Trustee"), for the benefit of the City of San Leandro, a public body <br /> corporate 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"). The Land is located <br /> within the City of San Leandro. <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 thirty six thousand one hundred <br /> seventy one dollars ($36,171) (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 /> 1. 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 /> 1177360-2 1 <br />