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WESTVIEW HOUSE L.P
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Last modified
7/6/2022 11:52:54 AM
Creation date
7/6/2022 11:51:35 AM
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Contracts
Company Name
WESTVIEW HOUSE L.P
Contract #
A-2022-085-02
Agency
Community Development
Council Approval Date
5/17/2022
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are now or hereafter known and all rights to carry on business under any such names or any <br />variant thereof; (vii) all trademarks relating to the Property and/or Improvements and/or the use, <br />occupancy or operation thereof, (viii) all goodwill relating to the Property and/or Improvements <br />and/or the use, occupancy or operation thereof; (ix) all insurance proceeds and condemnation <br />awards arising out of or incidental to the ownership, use, occupancy or operation of the Property <br />and/or Improvements; (x) all reserves, deferred payments, deposits, refunds, cost savings, bonds, <br />insurance policies and payments of any kind relating to the Property and/or Improvements; (xi) <br />all water stock, if any, relating to any Property and/or Improvements; (xii) all supplements, <br />modifications and amendments to the foregoing and all present and future accessions, additions, <br />attachments, replacements and substitutions of or to any or all of the foregoing; and (xiii) all cash <br />and noncash proceeds and products of any or all of the foregoing, including without limitation all <br />monies, deposit accounts, insurance proceeds and other tangible or intangible property received <br />upon a sale or other disposition of any of the foregoing, whether voluntary or involuntary; and <br />TOGETHER WITH all present and future goods, equipment and inventory, as those <br />terms are defined in the California Commercial Code, and all other present and future personal <br />property of any kind or nature whatsoever, now or hereafter located at, upon or about the <br />Property and/or Improvements, or used or to be used in connection with or relating or arising <br />with respect to the Property and/or Improvements, the use thereof or any improvements thereto. <br />All of the foregoing, together with the Property, is herein referred to as the "Security". <br />To have and to hold the Security together with acquittances to the Trustee, its successors and <br />assigns forever. <br />FOR THE PURPOSE OF SECURING: <br />(a) Payment of and performance of all indebtedness of Trustor to Beneficiary as set <br />forth in the Loan Agreement (defined in Section 1.5 below) and the Note (defined in Section 1.6 <br />below) in the original principal amount of $386,523 until paid or canceled. Said principal and <br />other payments shall be due and payable as provided in the Loan Agreement and the Note. The <br />Loan Agreement and the Note and all their terms are incorporated herein by reference, and this <br />conveyance shall secure any and all extensions thereof, however evidenced; <br />(b) Payment and performance of any sums advanced by Beneficiary to protect the <br />Security pursuant to the terms and provisions of this Deed of Trust with interest thereon as <br />provided herein; <br />(c) Payment and performance of every other obligation, covenant or agreement of <br />Trustor contained in this Deed of Trust and in the other "Loan Documents" (as such term is <br />defined in the Loan Agreement); <br />(d) Payment and performance of all renewals, extensions, supplements, amendments <br />and other modifications of any of the foregoing, including without limitation modifications that <br />are evidenced by new or additional documents or that change the rate of interest on any <br />obligation. <br />All of the foregoing obligations are referred to collectively herein as the "Obligations". <br />Westview House <br />City Rental Rehabilitation Program Deed of Trust <br />
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