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ORANGE HOUSING DEVELOPMENT CORPORATION/C&C DEVELOPMENT
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ORANGE HOUSING DEVELOPMENT CORPORATION/C&C DEVELOPMENT
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Last modified
6/9/2017 12:18:54 PM
Creation date
11/13/2009 9:35:44 AM
Metadata
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Contracts
Company Name
ORANGE HOUSING DEVELOPMENT CORPORATION/C&C DEVELOPMENT
Contract #
A-2009-036
Agency
Community Development
Council Approval Date
4/6/2009
Expiration Date
9/20/2064
Insurance Exp Date
2/15/2010
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9/25/09 to <br />FREE RECORDING REQUESTED PURSUANT <br />TO GOVERNMENT CODE SECTION 27383 <br />When Recorded Mail to: <br />Community Development Agency <br />City of Santa Ana <br />20 Civic Center Plaza <br />P.O. Box 1988 (M-37) <br />Santa Ana, California 92702 <br />Attn: Housing Manager <br />CITY DEED OF TRUST <br />AND ASSIGNMENT OF RENTS <br />THIS CITY DEED OF TRUST AND ASSIGNMENT OF RENTS (the "City Deed <br />of Trust") made this 28th day of September, 2009, by between Townsend & Raitt, LP , a <br />California limited partnership comprised of Orange Housing Development Corporation, <br />("OHDC"), a non-profit 501 (c) (3) organization, and C&C T&R LLC, a Limited <br />Liability Company (together the "Trustor"), AmeriNational Community Services, a <br />California corporation (the "Trustee"), and the City of Santa Ana, a charter city and <br />municipal corporation (the 'Beneficiary"). <br />Trustor, in consideration of the promises herein recited and the trust herein created, <br />irrevocably grants, transfers, conveys and assigns to Trustee, in trust, with power of sale, the <br />property located in the City of Santa Ana, County of Orange, State of California, described <br />in the attached Exhibit A and more commonly known as 1410-1412 Durant Street, Santa <br />Ana, California (the "Property"); <br />TOGETHER with all the improvements now or hereafter erected on the Property, <br />and all easements, rights, appurtenances and all fixtures now or hereafter attached to the <br />Property, all of which, including replacements and additions thereto, shall be deemed to be <br />and remain a part of the Property covered by this City Deed of Trust; provided that so long <br />as Trustor is not in default hereunder, it shall be permitted to control the Property in <br />accordance with the requirements of that certain Neighborhood Stabilization Program <br />Rental Housing Development Agreement entered into between the Trustor and the <br />Beneficiary, dated concurrently herewith (the "Agreement"), which Agreement is on file <br />with the Beneficiary as a public record; <br />TOGETHER with the right, power and authority during the continuance of these <br />Trusts, to collect the rents, issues, and profits of the Property, reserving unto the Trustor the <br />
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