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RECORDING RE(~n:rgSTED BY: -- <br /> CITY OF REDWOOD CITY <br /> When Recorded Mail To: <br /> City of Redwood City <br /> Attn: Housing Coordinator <br /> P. O. Box 391 <br /> Redwood City, Ca 94064 <br /> <br /> Escrow No. <br /> Title Order No: SPACE ABOVE THIS LINE FOR RECORDER'S USE <br /> <br /> APN: 053-25-251 Exhibit C to Funding Agreement <br /> 053-25-252 <br /> <br /> SHORT FORM DEED OF TRUST AND ASSIGNMENT OF RENTS <br /> THIS DEED OF TRUST, made ~ December/__~_, 2002, between <br /> MP REDWOOD COURT ASSOCIATES, a California Limited Partnership, herein called TRUSTOR, <br /> whose address is 658 Bair Island, Suite 300, Redwood City, CA 94063, FIDELITY NATIONAL <br /> TITLE INSURANCE COMPANY, a corporation, herein called TRUSTEE, and City of Redwood City, <br /> a Municipal corporation, herein called BENEFICIARY, <br /> <br /> WITNESSETH: That Trustor IRREVOCABLy GRANTS, TRANSFERS AND ASSIGNS to <br /> TRUSTEE IN TRUST, WITH POWER OF SALE, that property in San Marco County, California, <br /> described as: <br /> <br /> See Exhibit "A to Deed of Trust' <br /> <br /> TOGETHER WITH the rents, issues and profits thereof, SUBJECT, HOWEVER, to the right, power and <br /> authority given to and conferred upon Beneficiary by paragraph (10) of the provisions incorporated <br /> herein by reference to collect and apply such rents, issues and profits. <br /> <br />For the Purpose of Securing: 1. Performance of all of the terms of this Agreement with MP Redwood <br />Court Associates for Funding to Rehabilitate Redwood Court Apartments and each agreement of Trustor <br />incorporated by reference or contained herein. 2. Payment of the indebtedness evidenced by one <br />promissory note of even date herewith, and any extension or renewal thereof, in the principal sum of <br />$258,974 executed by Trustor in favor of Beneficiary or order. 3. Payment of such further sums as the <br />then record owner of said property hereal~er may borrow from Beneficiary, when evidenced by another <br />note (or notes) reciting it is so secured. <br /> <br /> 1NITIALS -"~/~ <br />FD-21B (Rev. 4/94) SHORT FORM DEED OF TRUST Page No. 1 of 4 <br /> <br /> <br />