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OF A <br /> 20180@4642 01/08/2018 03:32 PM <br /> OFFICIAL. RECORDS OF f4[..AMEDA COUWY <br /> STEVE MANNING <br /> FEE: 000 <br /> RECORDING REQUESTED BY RECORDING <br /> AND WHEN RECORDED MAIL TO: <br /> 23 PGS <br /> 5� <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 �,q"i( _, 2018 by Dan and Gina <br /> Dillman, a married couple under the laws of the State Califdrnia ("Trustor") to the City of <br /> San Leandro, a charter city formed under the laws of the State of California, as trustee <br /> ("Trustee"), for the benefit of the City of San Leandro ("Beneficiary"). <br /> RECITALS <br /> A. Trustor owns fee simple title to the land located at 14808E. 14th 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 four hundred thousand Dollars ($400,000) (the "Loan") for the purpose of bridge <br /> financing for Trustor to pay off another indenture. Trustor has issued to Beneficiary a secured <br /> promissory note dated as of the date hereof(the "Note") to evidence Trustor's obligation to <br /> 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 /> 22 <br />