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815 N. HARBOR, L.P. (HOME INVESTMENT PARTNERSHIP PROGRAM FUNDS) 2-2015
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815 N. HARBOR, L.P. (HOME INVESTMENT PARTNERSHIP PROGRAM FUNDS) 2-2015
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8/24/2015 11:03:28 AM
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8/19/2015 2:54:59 PM
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Company Name
815 N. HARBOR, L.P. (HOME INVESTMENT PARTNERSHIP PROGRAM FUNDS)
Contract #
A-2015-029
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
2/17/2015
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document, or afforded by law or equity, and may be exercised concurrently, independently <br />or successively. <br />12. Successors and Assigns Bound. The covenants and agreements herein <br />contained shall bind, and the rights hereunder shall inure to, the respective successors and <br />assigns of the Beneficiary and Trustor subject to the provisions of this Deed of Trust. <br />13. Joint and Several Liability. All covenants and agreements of Trustor shall be <br />joint and several. <br />14. Notice. Except for any notice required under applicable law to be given in <br />another manner, (a) any notice to Truster provided for in this City Deed of Trust will be <br />given by certified mail, return receipt requested, addressed to Trustor at 414 East Chapman <br />Avenue, Orange, California, 92866, with copies to C &C Properties Group I, LLC at <br />14211 Yorba St., Suite 200, Tustin, California 92870 (b) any notice to the Beneficiary will <br />be given by certified mail, return receipt requested, to the Beneficiary at 20 Civic Center <br />Plaza, P.O. Box 1988, Santa Ana, California 92702, Attention: Housing Manager, or at such <br />other address as the Beneficiary may designate by notice to Trustor as provided above, and <br />(c) to Trustee at 8121 E. Florence Avenue, Downey, California 90240. Notice shall be <br />effective as of the date received as shown on the return receipt. <br />15. Governing Law. This Deed of Trust shall be governed by the laws of the <br />State of California with venue in Orange County. <br />16. Severability. h1 the event that any provision or clause of this Deed of Trust <br />or the City Loan Note conflicts with applicable law, such conflict will not affect other <br />provisions of this Deed of Trust or the City Note which can be given effect without the <br />conflicting provision, and to this end the provisions of the Deed of Trust and the City Loan <br />Note are declared to be severable. <br />17. Captions. The captions and headings in this Deed of Trust are for <br />convenience only and are not to be used to interpret or define the provisions hereof. <br />18. Default in Foreclosure; Remedies. Upon Truster's breach of any covenant or <br />agreement of Trustor in this Deed of Trust or the City Note secured by this Deed of Trust, <br />including, but not limited to, the covenants to pay, when due, any sums secured by this Deed <br />of Trust, the Beneficiary may declare all sums secured by this Deed of Trust immediately <br />due and payable by delivering to Trustor notice thereof specifying: (1) The breach; (2) the <br />action required to cure such breach; (3) a date not less than 30 days from the date the notice <br />is received by Tnustor as shown on the return receipt, by which such breach is to be cured <br />provided, however, that if such default is not reasonable susceptible to being cured within 30 <br />days, Trustor shall have a reasonable period to cure the defect so long as Trustor is diligently <br />prosecuting the cure to completion; and (4) that failure to cuure such breach on or before the <br />date specified in the notice may result in acceleration of the sums secured by this Deed of <br />Trust and sale of the Security. The notice will also inform Trustor of Trustor's right to <br />5 <br />
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