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DEPOT AT SANTIAGO, LP (4)-2016
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DEPOT AT SANTIAGO, LP (4)-2016
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Last modified
5/18/2016 5:12:23 PM
Creation date
5/13/2016 10:56:42 AM
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Contracts
Company Name
DEPOT AT SANTIAGO, LP
Contract #
A-2016-033A
Agency
COMMUNITY DEVELOPMENT
Destruction Year
0
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EXHIBIT B <br />SUBORDINATE LOAN DOCUMENTS <br />1. Loan Agreement dated as of July 11, 2013, between Borrower and City, which recorded on <br />August 9, 2013 as Document No. 2013000476765 in the Official Records, as amended pursuant to that <br />certain Amendment to Loan Agreements dated as of July 18, 2014, by and between the Subordinate <br />Lender and Borrower, which was recorded in the Official Records on June 27, 2014 as Instrument No. <br />201400025562 and that certain City Loan Modification Agreement dated as of March 1, 2016, by and <br />between Subordinate Lender and Borrower, to be recorded in the Official Records substantially <br />concurrently herewith ( "City Modification Agreement "). <br />2. Amended and Restated City Promissory Note dated as of March 1, 2016, executed by Borrower <br />in favor of Subordinate Lender in the face principal amount of $3,000,000 ( "Subordinate Note "). [NOT <br />RECORDED] <br />3. City Deed of Trust and Assignment of Rents dated as of July 11, 2013, executed by Borrower for <br />the benefit of the Subordinate Lender and securing the Subordinate Note, which recorded in the Official <br />Records on August 9, 2013 as Document No. 2013000476764, as amended by the City Modification <br />Agreement. <br />4. Section 18 of the Senior Affordability Restrictions <br />5. Any Notice of Affordability Restrictions on Transfer of Property, executed by and between <br />Subordinate Lender and Borrower, which shall record in the Official Records substantially concurrently <br />herewith (but only to the extent of Item 4, above, are subordinated). <br />6. Any UCC -1 Financing Statement showing Borrower, as Debtor, and City, as Secured Party, <br />which is filed with the California Secretary of State or recorded in the Official Records, <br />Exhibit B <br />Page 1 <br />Dwr 288551380 4900000- 001785 <br />
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