Agmt17 HIP Housing Funds to Acquie 1512 Stafford

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Exhibit D (Deed of Trust) RECORDING REQUESTED BY: CITY OF REDWOOD CITY When Recorded Mail To: CITY OF REDWOOD CITY City Clerk 1017 Middlefield Road Redwood City, CA 94063 SPACE ABOVE THIS LINE FOR RECORDER'S USE APN: 052-112-120 .xempt from Recording Fees under Govt. Code Section 27383 SHORT FORM DEED OF TRUST AND ASSIGNMENT OF RENTS THIS DEED OF TRUST, made this of 2017 between HIP HOUSING DEVELOPMENT CORPORATION, A CALIFORNIA NON PROFIT PUBLIC BENEFIT CORPORATION, herein called TRUSTOR, whose address is 800 South Claremont Street, #210, San Mateo, CA 94402, North American Title Company, A CALIFORNIA CORPORATION, herein called TRUSTEE, and CITY OF REDWOOD CITY, A MUNICIPAL CORPORATION, herein called BENEFICIARY, WITNESSETH: That Trustor IRREVOCABLY GRANTS, TRANSFERS AND ASSIGNS to TRUSTEE IN TRUST, WITH POWER OF SALE, that property (the "Property") in San Mateo County, California, described as: SHORT FORM DEED OF TRUST EXHIBIT "K TOGETHER WITH the rents, issues and profits thereof, SUBJECT, HOWEVER, to the right, power and authority given to and conferred upon Beneficiary by paragraph (10) of the provisions incorporated herein by reference to collect and apply such rents, issues and profits. For the Purpose of Securing: 1. Performance of all of the terms of the Agreement with HIP Housing Development Corporation for Funds to Acquire 1512 Stafford Avenue, by and between Trustor and Beneficiary, and each agreement of Trustor incorporated by reference or contained therein (the "Agreement"). 2. Payment of the indebtedness evidenced by one promissory note of even date herewith, and any extension or renewal thereof, in the principal sum of $1,577,750.00 executed by Trustor in favor of Beneficiary or order. 3. Payment of such further sums as the then record owner of said property hereafter may borrow from Beneficiary, when evidenced by another note (or notes) reciting it is so secured. FD -21B (Rev. 4/94) SHORT FORM DEED OF TRUST ATTY/AGR/2017.145/ STAFFORD FUNDING AGREEMENT REV: 06-21-17 JS Page 34 of 41 INITIALS Page No. 1 of 6