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Z& <br /> 2017-055495 <br /> 11:59 am 06/29/17 DT AS Fee: NO FEE <br /> Count of Pages 8 <br /> RECORDING REQUESTED BY: Recorded in Official Records <br /> CITY OF REDWOOD CITY County of San Mateo <br /> Mark Church <br /> Assessor-Count;Clerk-Recorder <br /> When Recorded Mail To: 11111CITY OF REDWOOD CITY IIIIIIIII 01I I1111111111111111111110111* R 0 0 0 Z <br /> City Clerk 4 1 6 1 5 0 <br /> 1017 Middlefield Road <br /> Redwood City, CA 94063 <br /> SPACE ABOVE THIS LINE FOR RECORDER'S USE Exempt from Recording Fees under Govt.Code Section 27383 <br /> APN: 052-112-120 <br /> SHORT FORM DEED OF TRUST AND ASSIGNMENT OF RENTS 7 <br /> THIS DEED OF TRUST, made this �'Z 1 of ,2017 between HIP HOUSING <br /> DEVELOPMENT CORPORATION, A CALIFORNIA NON PROFIT PUBLIC BENEFIT <br /> CORPORATION, herein called TRUSTOR, whose address is 800 South Claremont Street, #210, San <br /> Mateo, CA 94402, North American Title Company, A CALIFORNIA CORPORATION, herein called <br /> TRUSTEE, and CITY OF REDWOOD CITY, A MUNICIPAL CORPORATION, herein called <br /> BENEFICIARY, WITNESSETH: That Trustor IRREVOCABLY GRANTS, TRANSFERS AND <br /> ASSIGNS to TRUSTEE IN TRUST, WITH POWER OF SALE, that property (the "Property") in San <br /> Mateo County, California, described as: <br /> SHORT FORM DEED OF TRUST EXHIBIT"A" <br /> TOGETHER WITH the rents, issues and profits thereof, SUBJECT, HOWEVER,to the right, power and <br /> authority given to and conferred upon Beneficiary by paragraph (10) of the provisions incorporated <br /> herein by reference to collect and apply such rents, issues and profits. <br /> For the Purpose of Securing: 1. Performance of all of the terms of the Agreement with HIP Housing <br /> Development Corporation for Funds to Acquire 1512 Stafford Avenue, by and between Trustor and <br /> Beneficiary, and each agreement of Trustor incorporated by reference or contained therein (the <br /> "Agreement"). 2. Payment of the indebtedness evidenced by one promissory note of even date <br /> herewith, and any extension or renewal thereof, in the principal sum of $1,577,750.00 executed by <br /> Trustor in favor of Beneficiary or order. 3. Payment of such further sums as the then record owner of <br /> said property hereafter may borrow from Beneficiary, when evidenced by another note (or notes) <br /> reciting it is so secured. <br /> INITIALS PA- <br /> ATTY/AGR/2017.145.3/ <br /> STAFFORD FUNDING AGREEMENT—SHORT TERM DEED OF TRUST&ASSIGNMENT OF RENTS <br /> REV:06-21-17 JS <br /> Page 1 of 7 <br />