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RECORDING REQUESTED BY <br />North American Title Company <br />54605-1588367—SHS <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 />EXEMPT FROM RECORDING FEES PER <br />GOVERNMENT CODE §§6103,27383 <br />APN: 053-271-490-4 <br />2019-047034 <br />9:45 am 06/19/19 AU AS AG FF Fee: NO FEE <br />Count of Pages 24 <br />Recorded in Official Records <br />County of San Mateo <br />Mark Church <br />II I I I s Ilsll rll lul tyllClerk-RecorderI II <br />*$ R 0 0 0 2 7 1 5 1 1 6 $ <br />(SPACE ABOVE THIS LINE RESERVED FOR RECORDER'S USE) <br />AMENDED AND RESTATED DEED OF TRUST, ASSIGNMENT OF RENTS, <br />SECURITY AGREEMENT AND FIXTURE FILING <br />THIS AMENDED AND RESTATED DEED OF TRUST, ASSIGNMENT OF RENTS, <br />SECURITY AGREEMENT AND FIXTURE FILING ("Deed of Trust") is made as of May 1, <br />2019, by Redwood Oaks Associates II LP, a California limited partnership ("Trustor") to North <br />American Title Company as trustee ("Trustee"), for the benefit of the City of Redwood City, a <br />charter city and municipal corporation ("Beneficiary"). <br />RECITALS <br />A. Trustor owns fee simple title to the land described in Exhibit A attached hereto <br />and incorporated herein by this reference (the "Land"). The Land is located in the City of <br />Redwood City, San Mateo County, California. Trustor intends to rehabilitate the existing <br />improvements, construct certain new improvements, and own and operate an affordable <br />multifamily residential development on the Land (collectively, the "Project"). <br />B. Beneficiary and Trustor have entered into an Assignment, Assumption, Loan <br />Modification Agreement and Release of Estoppel dated as of the date hereof and recorded <br />substantially concurrently herewith (the "Loan Modification Agreement") which documents <br />Trustor's obligation to repay to Beneficiary certain financing provided by Beneficiary in <br />connection with the original construction of the improvements located on the Land. Trustor's <br />obligation to repay such financing is evidenced by an Amended and Restated Secured <br />Promissory Note dated as of the date hereof, in the original principal amount of Three Hundred <br />Sixty -Seven Thousand, Three Hundred Thirty -One and 77/100 Dollars ($367,331.77) (the <br />"Note"). <br />C. This Deed of Trust is intended to amend and restate and supersede in its entirety <br />that certain Short Form Deed of Trust and Assignment of Rents dated January 14, 2002, <br />executed by Housing Association for the Needy and Dispossessed, Inc. (a California nonprofit <br />public benefit corporation now known as HIP Housing Development Corporation) ("HIP"), as <br />trustor for the benefit of City, and recorded in the Official Records of San Mateo County <br />("Official Records") on February 7, 2002 as Instrument No. 2002-023686 (the "Original Deed <br />of Trust"). Upon the recordation of the Deed of Trust in the Official Records, Beneficiary shall <br />cause the Original Deed of Trust to be released and reconveyed. <br />Page 1 of 25 <br />REV: 05-29-19 VR Exempt from fee per GC 27388.1(a)(2); recorded <br />concurrently "in connection with" a transfer <br />subject to the imposition of documentary <br />transfer tax (DTT)>4 <br />ATTY/AGR.2019.151/Redwood Oaks Associates II LP - A&R Deed of Trust <br />