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FRIENDS OF THE LACY HISTORIC NEIGHBORHOOD-2011
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FRIENDS OF THE LACY HISTORIC NEIGHBORHOOD-2011
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Last modified
3/28/2017 12:05:09 PM
Creation date
4/26/2011 10:53:10 AM
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Contracts
Company Name
FRIENDS OF THE LACY HISTORIC NEIGHBORHOOD
Contract #
A-2011-105
Agency
COMMUNITY DEVELOPMENT
Destruction Year
0
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EXHIBIT "C" <br />DEED OF TRUST WITH ASSIGNMENT OF RENTS <br />RECORDING REQUESTED BY, ) <br />AND WHEN RECORDED MAIL TO: ) <br />Community Redevelopment Agency ) <br />of the City of Santa Ana } <br />20 Civic Center Plaza } <br />Santa Ana, California 92702 } <br />Attn: Executive Director ) <br />This document is exempt from payment of a <br />recording fee pursuant to Government Code <br />Sections 27383 and 6103. <br />DEED OF TRUST WITH ASSIGNMENT OF RENTS <br />(SHORT FORM) <br />This DEED OF TRUST is made as of , 20 between <br />, herein called TRUSTOR, whose address is , <br />TITLE COMPANY, herein called TRUSTEE, and the COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, a public body, corporate <br />and politic, herein called BENEFICIARY. <br />WITNESSETH: That Trustor grants to Trustee in trust, with power of sale, that property <br />in the City of Santa Ana, County of Orange, State of California, described as: <br />SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF. <br />together with the rents, issues and profits thereof, subject, however, to the right, power and <br />authority hereinafter given to and conferred upon Beneficiary to collect and apply such rents, <br />issues and profits for the purpose of securing (1) that Promissory Note dated , <br />20 _., made by Trustor in favor of Beneficiary, and extensions or renewals thereof, in the <br />principal sum of U.S. $ with interest thereon (including without limitation, <br />interest in the form of shared appreciation as defined in the Promissory Note as the "Contingent <br />Equity Participation Amount"), with the balance of the indebtedness, due and payable on <br />occurrence of an event of acceleration as defined in the Promissory Note, (2) the performance of <br />each agreement of Trustor incorporated by reference or contained herein, and (3) payment of <br />additional sums and interest thereon which may hereafter be loaned to Trustor, or his successors <br />or assigns, when evidenced by a promissory note or notes reciting that they are secured by this <br />Deed of Trust. <br />To protect the security of this Deed of Trust, and with respect to the property above <br />described, Trustor expressly makes each and all of the agreements, and adopts and agrees to <br />perform and be bound by each and all of the terms and provisions set forth in subdivision A, and <br />it is mutually agreed that each and all of the terms and provisions set forth in subdivision B of <br />EXHIBIT G1 TO ATTACHMENT NO. I1 <br />Deed of Trust with Assignment of Rents <br />DOCSOG 1400673 v 14/200272-0001
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