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EXHIBIT B
<br />ADDENDUM TO DEED OF TRUST
<br />The following provisions are hereby added to the Deed of Trust made by Priscilla Freeman, as "Trustor",
<br />Old Republic Title Company, as Trustee, and City of Redwood City, a California municipal corporation, as
<br />"Beneficiary".
<br />1. Junior or Further Financing Prohibited. Junior or further financing is not permitted, except as expressly
<br />permitted by this Paragraph 1, One of the inducements for Beneficiary to make the Loan to Trustor is the
<br />identity of Trustor as the purchaser from Beneficiary of the real property secured by this Deed of Trust. The
<br />existence of any interest in the Property, other than the interests of Beneficiary and Trustor, and the
<br />encumbrance of this Deed of Trust, even though subordinate to the security interest of Beneficiary, and the
<br />existence of any interest in Trustor or the property other than those of the Trustor as the present owners,
<br />would impair the Property and the security interest of Beneficiary.
<br />The Trustor shall not encumber, or permit the encumbrance of, the Property by any instrument creating a
<br />lien or mortgage against the Property, which is either junior, subordinate to or prior to this Deed of Trust,
<br />except for the Senior Deeds of Trust and the Subordinate Deed of Trust (defined below), provided however,
<br />that with the prior written approval of Beneficiary, the Trustor may, further encumber the Property with a
<br />deed of trust junior to this Deed of Trust ("Approved Junior Lien") to secure an obligation of Trustor to
<br />another party in an amount which does not exceed the amount of the equity of the Trustor in the real
<br />property, which equity shall mean the amount of any cash down payment paid by Trustor to Habitat for
<br />Humanity Greater San Francisco, Inc., a California non-profit corporation ("Habitat'), when Trustor
<br />purchased the real property and any principal payments made by Trustor on the Note which this Deed of
<br />Trust secures. The Borrower may execute and record against title to the property a deed of trust securing
<br />the Habitat for Humanity Loan to Trustor in the amount of $430,222, a performance deed of trust with the
<br />City of Redwood City, and a deed of trust securing the CalHOME Loan in the amount of $100,000 which
<br />deeds of trust shall be prior to this Deed of Trust (collectively, the "Senior Deeds of Trust'), The Borrower
<br />may also execute and record against title to the property a deed of trust securing the Housing Authority of
<br />the County of San Mateo Loan to the Trustor in the amount of $50,000, deeds of trust securing the County
<br />of San Mateo Loans to Trustor in the amount of $50,000, and 4,000, and a deed of trust securing the Habitat
<br />for Humanity Greater San Francisco Loan to Trustor in the amount of $5,778 (collectively the "Subordinate
<br />Deeds of Trust').
<br />Trustor is entitled to only limited rights of equity and appreciation, as more specifically set forth in the Grant
<br />of Option to Repurchase and Resale Restriction Agreement signed by the Beneficiary ("Resale Restriction
<br />Agreement'). As such, the further encumbering of the Property, except as expressly provided for herein,
<br />is antithetical to the purpose and intention of making available to said persons who qualify as qualified
<br />households such below market rate housing, and the further encumbrance thereof will frustrate the basic
<br />purposes for which the Property was sold to the Trustor. In the event that any party should make, execute,
<br />deliver and/or record any mortgage, deed of trust, lien or other encumbrance or lien against the title of the
<br />Property subject to the lien of this Deed of Trust, except for an Approved Junior Lien, such mortgage, deed
<br />of trust, lien or other encumbrance or lien is and shall be deemed to be null and void and shall not entitle
<br />any party to any rights, title or claim to or against the title to the Property which is encumbered by this Deed
<br />of Trust.
<br />2. No Sale or Transfer of Property Permitted. As one of the inducements to Beneficiary for making
<br />the Loan and selling the Property to Trustor is the identity of Trustor, and the existence of any interest in
<br />the Property other than the interests of Trustor, Beneficiary and any Approved Junior Lien holder and the
<br />existence of any interest in Trustor other than those persons signing this Deed of Trust, would impair the
<br />Property and the security interest of Beneficiary. Accordingly, Trustor shall not Transfer or otherwise
<br />dispose of its interest in the Property without the prior written consent of Beneficiary, which Beneficiary may
<br />withhold in its sole discretion. "Transfer" shall mean any sale, conveyance, lease, assignment, pledge or
<br />other transfer of all or any portion of the Property or any interest therein, including allowing the recordation
<br />of a deed of trust or mortgage, which creates a lien on the Property. Transfer shall not mean any of the
<br />REV: 08-10-22 SK
<br />ATTY/AGR,2022,249/Habitat 612 Jefferson 603 (08—HOME - Deed of Trust (Buyer) HGSF 603) (Page 4 of 9)
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