2025-012 - Density Bonus Agreement for Multi-Family Development

Home Browse Search

DRAFT EXHIBIT D FORM OF CITY DEED OF TRUST CITY DEED OF TRUST RECORDING REQUESTED BY, AND WHEN RECORDED MAIL TO: City of Santa Ana 20 Civic Center Plaza(1\4-30) P.O. Box 1988 Santa Ana, California 92702 Attention: City Clerk Free Recordtngpursuant to Government Code 6103&27383 CITY DEED OF TRUST,ASSIGNMENT OF RENTS AND SECURITY AGREEMENT THIS PERFORMANCE DEED OF TRUST, ASSIGNMENT OF RENTS AND SECURITY AGREEMENT ("Deed of Trust").is made as of 20 , by and (collectively, "Trustor") as Trustor, to the City of Santa Ana, as Trustee and Beneficiary(hereafter, "Trustee", "Beneficiary," or "City"). The Trustor, in consideration of the promises herein recited and the trust herein created, irrevocably and unconditionally grants, transfers, conveys and assigns to Trustee, in trust for the benefit of City,with power of sale and right of entry and possession,all of Trustor's right,title and interest now held or hereafter acquired in and to the property located in the City of Santa Ana, Orange County, State of California, described in the attached Exhibit 1 and more commonly known as: (APN: (the "Property"); TOGETHER with the rents, issues, and profits of such Property, subject however, to the right,power, and authority granted and conferred on.City in this Deed of Trust to collect and apply the rents, issues, and profits; and TOGETHER with all the improvements now or hereafter erected on the Property, and all easements, rights of way, and appurtenances thereto, and all fixtures now or hereafter attached to the Property, all of which, including replacements and additions thereto, shall be deemed to be and remain a part of the Property covered by this Deed of Trust; All of the foregoing, together with the Property, is herein collectively referred to as the "Security." TO HAVE AND TO HOLD the Security, together with acquittances, to the Trustee, its successors and assigns forever; Page 50 Exhibit D 55394.00101\43423340.1