RecD05 2005-141300 - Laserfiche WebLink

Browse Search

F,'v\~ A-~ .t.--,~ ~t\:r~ vc~ t'l Co ') ,... 'L DEED OF TRUST 2005-141300 FIRST AMERICAN TITLE COMPANY 08:00am 08/17/05 DT AS Fee: 47.00 Count of pages 12 Recorded in Official Records County of San Mateo Warren Slocum Assessor-County Clerk-Recorder 111111111111111111111111111111111111111111111111111\ 111\\ 11111\ 111111111111 *200S0141300AR* RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: Redevelopment ,Agency of the City of Redwood City P.O. Box 391 Redwood City, CA 94064 Attn: Redevelopment Director c~ (Space Above for Recorder's Use) DEED OF TRUST WITH ASSIGNMENT OF RENTS This Deed of Trust is made on Â-\Å." I~ -' 2005 by VILLA MONTGOMERY, L.P., a California limited partnership, hereinafter called "Trustor", whose address is 2 North Second Street, Suite 1250, San Jose, CA 95113, to First American Title Company, a California Corporation, hereinafter referred to as "Trustee", whose business address is 1737 North First Street, San Jose, CA 95112, in favor of the REDEVELOPMENT AGENCY OF THE CITY OF REDWOOD CITY, hereinafter referred to as "Beneficiary", whose business address is P.O. Box 391, Redwood City, California 94064. Ic(? Trustor irrevocably grants, transfers, and assigns to Trustee in trust, with power of sale, all of Trustor's right, title and interest in and to that property, including all improvements thereon and easements and rights of way used in connection therewith or as a means of access thereto, in the City of Redwood City, County of San Mateo, State of California, described as follows: SEE EXHIBIT "A" together with the rents, issues and profits thereof, subj ect however to the right reserved by Trustor in Paragraph C-8 hereof to collect and apply such rents, issues and profits, prior to any default hereunder; for the purpose of securing performance in a timely manner of all of Trustor's obligations under (i) that certain Promissory Note executed contemporaneously herewith (the "Note"), (ii) that certain Amended and Restated Disposition and Development Agreement dated March 31, 2005 (the "Agreement"), by and between First Community Housing, Inc., a California non-profit corporation and Beneficiary, (iii) that certain Declaration of Affordabili ty Covenants, (i v) that certain Grant Deed, and (v) 1 REOW\OOO6\OOC\O25