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2025-028829
<br />Simplifile,
<br />11:22 am 06/06/2025 DT AS AG ... Fee: NO FEE
<br />Count of Pages 10
<br />Recorded in Official Records
<br />County of San Mateo
<br />RECORDING REQUESTED BY Mark Church
<br />AND WHEN RECORDED MAIL TO: Assessor -County Clerk -Recorder
<br />City of Redwood City II 11 1[� 1[� 111 �1� [�� 1111 �[III I 11�
<br />1017 Middlefield Road *$ R 0 0 0 3 5 7 8 8 7 9$
<br />Redwood City, CA
<br />Attn: City Clerk
<br />Space above line for Recorder's use only
<br />Exempt from Recording Fees pursuant to Govt. Code § 27383
<br />CITY OF REDWOOD CITY
<br />DEED OF TRUST, ASSIGNMENT OF RENTS, SECURITY AGREEMENT AND
<br />FIXTURE FILING
<br />(417 Stambaugh St.)
<br />This Deed of Trust, Assignment of Rents, Security Agreement and Fixture Filing
<br />("Deed of Trust") is made as of June 6, '2025, among HEART -SV ("TRUSTOR"),
<br />whose address is 2905 S. El Camino Real, San Mateo, CA 94403; First American Title Insurance
<br />Company, whose address is 222 De Anza Blvd., San Mateo, CA 94402 ("TRUSTEE"); and the
<br />CITY OF REDWOOD CITY ("BENEFICIARY"), whose address is 1017 Middlefield Road,
<br />Redwood City, California 94063.
<br />Trustor irrevocably grants, conveys, transfers, and assigns to Trustee in trust, with power
<br />of sale and right of entry and possession, all of Trustor's estate, right, title, and interest in, to and
<br />under the following property (collectively, the "Property"): (a) the real property in San Mateo
<br />County, California, described on Exhibit A attached hereto and incorporated herein by this
<br />reference, together with all existing and future easements and rights affording access to it (the
<br />"Land"), (b) together with all buildings, structures, and improvements now existing or hereafter
<br />constructed thereon (the "Improvements"), (c) together with all articles of personal property now
<br />or hereafter attached to, placed upon for an indefinite term, or used in connection with the Land
<br />and/or Improvements, together with all goods and other property that are, or at any time become,
<br />so related to the Property that an interest in them arises under real estate law, or they are otherwise
<br />adjudged to be a "fixture" under applicable law (each a "Fixture," collectively "Fixtures"), (d)
<br />together with all other property and interests of any kind or character which may be reasonably
<br />necessary or desirable to promote the present and future beneficial use and enjoyment of such real
<br />property and improvements.
<br />1. Secured Obligations. Trustor makes the grant, conveyance, transfer, and
<br />assignment herein for the purpose of securing the following obligations (the "Secured
<br />Obligations"): (a) payment of the sum of ONE MILLION ONE HUNDRED NINETY NINE
<br />THOUSAND NINE HUNDRED NINETY NINE Dollars ($1,199,999) with interest thereon
<br />according to the terms of a promissory note (the "Note") of even date herewith, executed by
<br />REV: 05-07-25 LF
<br />ATTY/AGR.2025.100.2/HEART-SV (417 Stambaugh - Deed of Trust) (Page 1 of 10)
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