Agmt21 Home Program Affordable Housing Regulatory

Browse Search

Exhibit F FORM OF HOME HOMEBUYER DEED OF TRUST Recording Requested By and when recorded mail to: The City of Redwood City 1017 Middlefield Road Redwood City, CA 94063 Attn: City Clerk EXEMPT FROM RECORDING FEES PER GOVERNMENT CODE §§6103,27383 SPACE ABOVE THIS LINE FOR RECORDER'S USE DEED OF TRUST WITH ASSIGNMENT OF RENTS AS ADDITIONAL SECURITY This DEED OF TRUST, made this day of uHomeowner_A_and_B)), herein called TRUSTOR, whose address is: «Current Street Address», Current Cityn, xCurrent_State� KCurrent_Zip_codei>, Old Republic Title Company, herein called TRUSTEE, and the City of Redwood City, herein called BENEFICIARY, Trustor irrevocably grants, transfers and assigns to Trustee in Trust, with Power of Sale that property (the "Property") in the City of Redwood City, San Mateo County, California as more particularly described in Exhibit A attached hereto. Together with the rents, issues and profits thereof, subject, however, to the right, power and authority hereinafter given to and conferred upon Beneficiary to collect and apply such rents, issues and profits. For the Purpose of Securing: (1) payment of the sum of $.cCity_t.oan num* with interest thereon according to the terms of a promissory note or notes of even date herewith made by Trustor, payable to order of Beneficiary, and extensions or renewals thereof; (2) payment of additional sums and interest thereon which may hereafter be loaned to Trustor, or his or her successors or assigns, when evidenced by a promissory note or notes reciting that they are secured by this Deed of Trust; and (3) payment of Excess Sales Proceeds as required pursuant to the Grant of Option to Repurchase and Resale Restriction Agreement entered into by and among the Trustor, Beneficiary and Habitat for Humanity Greater San Francisco; and (4) performance of every obligation, covenant or agreement of Trustor contained herein and in any other document executed by Trustor to evidence the purchase of and restrictions upon the Home, including, but not limited to, the Grant of Option to Repurchase and Resale Restriction Agreement, To Protect the Security of This Deed of Trust, Trustor Agrees: By the execution and delivery of this DEED OF TRUST and the Note secured hereby, that provisions (1) to (14), inclusive, of the fictitious deed of trust recorded on , at Book , Page of Official Records in the Office of the County Recorder of the County of San Mateo, State of California, (which provisions are printed on the reverse hereof) hereby are adopted and incorporated herein and made an part hereof as fully as though set forth herein at length; that Trustor will observe and perform said provisions; and that the references to property, obligations, and parties in said provisions shall be construed to refer to the property, obligations, and parties set forth in this Deed of Trust. The undersigned TRUSTOR requests that a copy of any Notice of Default or any Notice of Sale hereunder be mailed to TRUSTOR at address hereinabove set forth and acknowledges receipt of a copy of provisions 1 thru 14 of the fictitious DEED OF TRUST hereinabove referred to. 1619\01\3026820.1 SF #4844-8989-8473 vl REV: 05-19-2021 SK