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AgdaPkt 2021.02.08 Joint SA PFA
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AgdaPkt 2021.02.08 Joint SA PFA
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Last modified
2/11/2021 4:35:44 PM
Creation date
2/4/2021 4:26:17 PM
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CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
2/8/2021
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6.13. - Page 89 of 113 <br />indebtedness, or subordinate the lien or charge hereof, and (b) Trustee, acting pursuant to the <br />written request of the City, may reconvey all or any part of the Property, consent to the making of <br />any map or plot of the Land, join in granting any easement thereon, or join in any extension <br />agreement of any agreement subordinating the lien or charge hereof. <br />22. Subordination. The City agrees that it will not withhold consent to reasonable <br />requests for subordination of this Deed of Trust to deeds of trust provided for the benefit of third - <br />party lenders providing financing for the Property approved by City, provided that the instruments <br />effecting such subordination include reasonable protections to the City in the event of default, <br />including without limitation, extended notice and cure rights. <br />23. Request for Notice. City requests that copies of any notice of default and notice of <br />sale affecting the Property be sent to City at its address set forth herein. City shall record a Request <br />for Notice of Default and Sale. <br />24. Notices. All notices, requests, demands, reports or other communications <br />regarding this Deed of Trust shall be in writing and delivered: (i) personally; or (ii) by independent, <br />reputable, overnight commercial courier; or (iii) by deposit in the United States mail, postage and <br />fees fully prepaid, registered or certified mail, with return receipt requested, and addressed as <br />follows, or to such other address as specified in written notice delivered to the parties pursuant to <br />this Section: <br />To Trustor: <br />At the Property address <br />To City: <br />City of Redwood City <br />1017 Middlefield Road <br />Redwood City, CA 94063 Attention: <br />City Manager <br />Any notice that is personally delivered (including by means of professional messenger <br />service, courier service such as United Parcel Service or Federal Express, or by U.S. Postal <br />Service), shall be deemed received on the documented date of delivery thereof._ <br />25. Successors Bound. The terms of this Deed of Trust shall be binding upon the <br />Trustor and the Trustor's heirs, legatees, devisees, administrators, executors, successors and <br />assigns. <br />26. Attorneys' Fees and Costs. If any legal action is filed to enforce or interpret this <br />Deed of Trust, or the interpretation or enforcement thereof, the prevailing party shall be entitled to <br />an award of its reasonable attorneys' fees, costs and expenses incurred therein. <br />REV: 01-22-21 PR <br />Homebuyer Deed of Trust Securing Performance <br />1619\0 1 \2924808.1 <br />10/9/2020 <br />OAK #4820-5546-3372 v3 <br />ATTY/AGR.2020.305/Habitat for Humanity Greater San Francisco (Grant Agreement w/ Exhibits) (Page 85 of 109) <br />102 <br />
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