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RESO OB 15-05
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RESO OB 15-05
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Last modified
11/3/2015 10:21:02 AM
Creation date
11/3/2015 10:21:00 AM
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Regular
Agency Type
Oversight Board
Date
10/29/2015
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EXHIBIT C <br /> Form of Deed of Trust Amendment <br /> RECORDING REQUESTED BY <br /> AND WHEN RECORDED MAIL TO: <br /> City of Redwood City <br /> 1017 Middlefield Road, <br /> Redwood City, CA 94063 <br /> Attn: City Clerk <br /> (Space Above This Line for Recorder's Use Only) <br /> Exempt from recording fee per Gov. Code§27383. <br /> ASSIGNMENT AND AMENDMENT TO DEED OF TRUST, ASSIGNMENT OF RENTS, <br /> SECURITY AGREEMENT AND FIXTURE FILING <br /> (City Center Plaza) <br /> THIS ASSIGNMENT AND AMENDMENT TO DEED OF TRUST, ASSIGNMENT <br /> OF RENTS, SECURITY AGREEMENT AND FIXTURE FILING (the "Amendment") is dated <br /> , 2016, assigns and amends that certain Deed of Trust, Assignment of Rents, <br /> Security Agreement and Fixture Filing which was recorded in the Official Records of San Mateo <br /> County on June 28, 1996 as instrument number 96-079146 (the "Ori�,inal Deed of Trust" and as <br /> assigned and amended by this Amendment, the "Deed of Trust") and is among Successor <br /> Agency to the Redwood City Redevelopment Agency ("Terminating Beneficiary"), the City of <br /> Redwood City, a municipal corporation, as housing successor agency to The Redevelopment <br /> Agency of the City of Redwood City (`Beneficiarv"), Mezes Court Associates, a California <br /> Limited Partnership ("Ori�inal Trustor"), and [New OwnerJ, a California Limited Partnership <br /> ("Trustor"). <br /> RECITALS <br /> A. The Redevelopment Agency of the City of Redwood ("Ori�inal BeneficiarX"), the <br /> `Beneficiary" under the Original Deed of Trust, dissolved on February 1, 2012, as required by <br /> Assembly Bill X1 26 signed into law as part of the State of California's budget package on June <br /> 29, 2011, and its assets and functions, including without limitation its rights under the Original <br /> Deed of Trust, were transferred to the Beneficiary and Terminating Beneficiary. <br /> B. As provided herein: (i) Original Trustor and Trustor wish to assign Original <br /> Trustor's interest in the Original Deed of Trust to Trustor; (ii)Terminating Beneficiary wishes to <br /> acknowledge the termination and release of its interest in the Original Deed of Trust; and (iii) to <br /> assist in the rehabilitation of the Mortgaged Property, Trustor and Beneficiary wish to amend the <br /> Original Deed of Trust. <br /> C. All capitalized terms used but not defined in this Amendment have the meanings <br /> set forth in the Original Deed of Trust. <br /> ATfY/AGR/2015/AMENDMENTS/AMEND N0.1—OMNIBUS LOAN DOCUMENTS CITY CENTER PLAZA <br /> REV:10-23-15 VR <br /> OAK#4827-0422-4297 v2 <br /> Page I 1 of 24 <br />
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