RecDoc 2011-004480- Clementine Eisinger

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. RECORDING REQUESTED BY: When Recorded Mail To: City of Redwood City Home Improvement Loan Program P. O. Box 391 Redwood City, CA 94064-0391 Escrow No. HCD2057 Title Order No. 930687 2011-004480 4:30 pm 01112/11 MT Fee: 21.00 Count of Pages 3 Recorded in Official Records County of San Mateo Mark Church Assessor -County Clerk -Recorder 1111 Ili II II II II11111111111111111111111Il * R 0 0 0 1 1 1 9 5 3 5* SPACE ABOVE THIS LINE FOR RECORDER'S USE MODIFICATION TO PROMISSORY NOTE AND DEED OF TRUSTIMORTGAGE This agreement is made and entersd into by and between Clementine Eisinger, (hereinafter referred to as "Borrower"), and City of Redwood City (hereinafter referred to as "Lender"), being the current, legally entitled principals under a Promissory Note secured by that certain Deed of Trust/Mortgage dated November 26, 1991 in the original amount of $35,000, executed by Clementine Eisinger, as Trustor/Mortgagor in favor of City of Redwood City, as Beneficiary/Mortgagee, recorded on December 11, 1991 as Instrument No. 91162055 in the records of the County Recorder of San Mateo County, State of California. Undersigned parties desire to change and modify the terms stated in the Note and Deed of Trust/Mortgage referenced herein, as follows: All other terms and conditions of said Note and Deed of Trust/Mortgage shall remain in full force and effect as set forth therein. In installments as herein stated, for value received, the undersigned Clementine Eisinger, jointly and severally, promise to pay to the City of Redwood City, on order, at 1017 Middlefield Road, Redwood City, California, or any place payee may designate, the principal sum of Twenty Seven Thousand Three Hundred Nineteen Dollars and 67/100 cents (27,319.67), with interest from January 1, 2011 at the rate of 3% percent per annum for 15 years. Beginning February 1, 2011 through August 1, 2011 the monthly payments of interest only are $68.30, thereafter, on September 1, 2011, principle and interest payments are payable under the terms of the note of One Hundred Eighty Eight Dollars and 66/100 cents ($188.66) and continuing until March 1, 2026, at the time the property is no longer the primary residence of Clementine Eisinger or upon the death of Clementine Eisinger, or upon the sale or transfer of property, whichever comes first, on that day the unpaid balance of principle and interest shall be due and Payable. Primary residence shall mean the place where the borrower resides no less than 10 months of calendar year. A primary residence no longer includes permanent institutionalization or confinement of borrower in a convalescent or skilled facility. DATED: January 6, 2011 Clementine Eisinger /0,,c: ee, City of Redwood QbAy Patricia J. Webb (loanmodntd) Date: / — U X /) // Date: NOTARY ACKNOWLEDGMENTS ATTACHED HERETO MODIFICATION TO PROMISSORY NOTE AND DEED OF TRUST/MORTGAGE Page 1 of 2