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55C - RESO - SA ARTS COLLECTIVE
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55C - RESO - SA ARTS COLLECTIVE
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Last modified
6/29/2017 5:23:56 PM
Creation date
6/29/2017 5:15:07 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
55C
Date
7/5/2017
Destruction Year
2022
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21. Reconvevance. Upon payment of all sums secured by this Deed of Trust, the <br />Beneficiary will request the Trustee to reconvey the Security and will surrender this Deed of Trust <br />and the Inclusionary Promissory Note to the Trustee. The Trustee will reconvey the Security <br />without warranty and without charge to the person or persons legally entitled thereto. Such person <br />or persons will pay all costs of recordation, if any. <br />22. Substitute Trustee. The Beneficiary, at the Beneficiary's option, may from time to <br />time remove the Trustee and appoint a successor trustee to any Trustee appointed hereunder. The <br />successor trustee will succeed to all the title, power and duties conferred upon the Trustee herein <br />and by applicable law. <br />23. Request for Notice. Trustor requests that copies of the notice of default and notice <br />of sale be sent to Trustee at the address set forth in Section 14 above. <br />24. Nonrecourse Liabilitv. Neither Trustor nor any partner of Trustor shall <br />have any personal liability under the Agreement, Inclusionary Promissory Note, and this Deed of <br />Trust and any judgment, decree or order for payment of money obtained in any action to enforce the <br />obligation of Trustor to repay the loan evidenced by such documents shall be enforceable against <br />Trustor only to the extent of Trustor's interest in the Property. <br />(Signatures on Following Page) <br />55C-79 <br />
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