Laserfiche WebLink
COMPLIMENTARY RECORDING REQUIRED <br />PURSUANT TO GOVERNMENT CODE <br />SECTION 27383 <br />When Recorded Mail To; <br />Redwood City Redevelopment Agency <br />First Time Homebuyer Program <br />P.O Box 391 <br />Redwood City, CA 94064 <br />Loan # RDA 7205 <br />TO 7004378 <br />iMac# <br />12/22!1999 08:00P DT Fee:NC <br />Page I of 19 <br />Recorded in Official Records <br />County of San Mateo <br />Warren Slocum <br />Assessor -County Clerk -Recorder <br />Recorded By FIDELITY NATIONAL TITLE <br />ISI <br />SII <br />I.� <br />SPACE ABOVE THIS LINE FOR RECORDER'S USE l7r <br />SUBORDINATE DEED OF TRUST <br />WITH POWER OF SALE�n'`fi <br />�Llx►-e `�'1 G,tv�, t i'1 <br />THIS SUBORDINATE DEED OF TRUST ("Security Instrument") is made on <br />December , 1999. The grantor is JESUS ALCALA AND MARIA R. ALCALA, <br />Husband and Wife, ("Borrower"). The trustee is THE REDEVELOPMENT AGENCY <br />OF THE CITY OF REDWOOD CITY, a Redevelopment Agency of the State Of <br />California, ("Trustee"). The beneficiary is the Redevelopment Agency of the City of <br />Redwood City, organized and existing under the State of California, and whose address is <br />1017 Middlefield Road, Redwood City, CA 94063, the ("Lender") Borrower owes <br />Lender the principal sum of Ten Thousand and no/100 Dollars (U.S. Dollars <br />$10,000.00). This debt is evidenced by Borrower's promissory note dated the same date <br />as this Security Instrument ("Note"). <br />The Note provides for monthly payment of the principal amount of the Note, until the <br />entire principal amount is paid in full. The Note provides that the Principal, if not paid <br />earlier, shall be due and payable on January 1, 2015, the "Maturity Date" of the Note. <br />The loan evidenced by the Note and secured by this Security Instrument (collectively <br />sometimes referred to as the "Loan") is being made pursuant to a program adopted by <br />resolution of the Redevelopment Agency of the City of Redwood City dated <br />January 23, 1995, Resolution #RD -95-01 (the Program"). <br />The Borrower obtained a deed of trust loan (the "First Deed of Trust Loan") from Bank <br />of America (the "Senior Lien Holder"), which loan is secured by a first deed of trust lien <br />on the Property (the "First Deed of Trust"). The documents evidencing or securing the <br />First Deed of Trust Loan are collectively referred to herein as the First Deed of Trust <br />Loan Documents. <br />1 <br />