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RECORDING REQUESTED BY: <br />City of Redwood City <br />When Recorded Mail Document To: <br />Estate of Barbara Estrada <br />719 Beech Street <br />Redwood City, CA 94062 <br />Attn: Christina Dias, Executor <br />With a Copy to: <br />City of Redwood City <br />1017 Middlefield Road <br />Redwood City, CA 94063 <br />Attn: City Clerk <br />APN: 053-242-040 <br />2020-044708 CONF <br />4:03 pm 05/15/20 ST RE Fee: 43.00 <br />Count of pages 4 <br />Recorded in Official Records <br />County of San Mateo <br />Mark Church <br />Assessor -County Clerk -Recorder <br />,II I I IE�IE�11111 111 II 111111 II <br />*$ R 0 0 0 2 8 5 7 7 b 3$* <br />SPACE ABOVE THIS LINE FOR RECORDER'S USE <br />SUBSTITUTION OF TRUSTEE AND FULL RECONVEYANCE <br />WHEREAS, BARBARA ESTRADA was the original TRUSTOR, AMERICAN TITLE COMPANY, <br />the original TRUSTEE, and THE REDEVELOPMENT AGENCY OF THE CITY OF REDWOOD CITY, the <br />original BENEFICIARY, under that certain Deed of Trust dated May 31, 2001 and, recorded as Instrument <br />Number 2001-084332 on June 8, 2001 in Official Records of the County of San Mateo, State of California <br />(,, Deed of Trust,,); and <br />WHEREAS, the CITY OF REDWOOD CITY, A CHARTER CITY AND MUNICIPAL <br />CORPORATION ("City"), as successor in interest to the original Beneficiary, is now the owner and holder <br />of the Deed of Trust; and <br />WHEREAS, the Deed of Trust was executed in connection with that certain loan agreement titled <br />SHARED APPRECIATION LOAN AGREEMENT - REDWOOD CITY FIRST TIME HOMEBUYER <br />PROGRAM dated May 31, 2001 and, recorded as Instrument Number 2001-112367 on July 24, 2001, in <br />Official Records of the County of San Mateo, State of California (the "Loan Agreement,,); and <br />WHEREAS, the Loan Agreement provided the original Trustor with financial assistance (the <br />Loan") in the amount of the amount of One Hundred Thousand Dollars ($100,000), in order to purchase <br />certain real property with the address of 719 Beech Street, Redwood City, California and more particularly <br />described in Exhibit "A", attached hereto and incorporated by reference (the "Property,,); and <br />WHEREAS, the Loan has been fully repaid, and the undersigned successor Beneficiary desires to <br />substitute itself as the new Trustee under said Deed of Trust and in place and instead of AMERICAN <br />TITLE COMPANY. <br />REV: 04-13-2020 PR <br />ATTY/AGR.2020.062/Loan Payoff for Barbara Estrada, 719 Beech (Page 1 of 4) <br />