RecDoc2022-067648 612 Jefferson Ave. #402 Performance deed of trust

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RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: City of Redwood City 1017 Middlefield Road Redwood City, CA 94063 Attention: City Clerk EXEMPT FROM RECORDING FEES PER GOVERNMENT CODE §6103, 27383 Escrow No. 227664909 Space above this line for R-corder's use. Property Address: 612 Jefferson Ave., Unit No. 402 APN: 052052 PERFORMANCE DEED OF TRUST, ASSIGNMENT OF RENTS AND SECURITY AGREEMENT THIS PERFORMANCE DEED OF TRUST, ASSIGNMENT OF RENTS AND SECURITY AGREEMENT ("Deed of Trust") is made as of $tfj b Juan C. Sanchez_("Trustor")to Old Republic Title Company C'Trustee") as Trustee, for the benefit Of the City of Redwood City, a charter city and municipal corporation (tile "City") as Beneficiary. The Trustor, in consideration of the indebtedness and prom ises herein recited, and the trust herein created, irrevocably and unconditionally grants, transfers, conveys and assigns to Trustee, in trust for the benefit of City, with power ofsale and right of entry and possess ion, all of Trustor' s right, title and interest now held or hereafter acquired in and to the propel•ty located in the C4 of Redwood City, County of San Mateo, State of California, described in the attached Exhibit A and more commonly known as: 612 Jefferson Avenue, Unit 402, Redwood City, California (the "Property"); TOGETHER with the rents, issues, and profits of such Property, subject however, to the right, power, and authority granted and conferred on City in this Deed of Trust to collect and apply the rents, issues, and profits; and TOGETHER with all the improvements now or hereafter erected on the Property, and all easements, rights of way, and appurtenances thereto, and all fixtures now or hereafter attached to the Property, all of which, including replacements and additions thereto, shall be deeined to be and remain a part of the Property covered by this Deed of Trust; All of the foregoing, together with the Property, is herein collectively referred to as the "Security." TO HAVE AND TO HOLD the Security, together- with acquittances, to the Trustee, its successors and assigns forever; REV: 08-17-22 SK ATTY/AGR,2022.287/Habitat 612 Jefferson 402 (05_City Housing Grant Deed of Trust 402) (Page 1 of 15)