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PROM:_--tiURY NO,.
<br />SECURED BY DEED OF TRUST
<br />(INSTALLMENT NOTE - INTF,--- $T INCLUDED)
<br />$32,310.00_ Re:1305 North Bewley St,
<br />Santa Ana, California
<br />Escrow No; 88080 A B Dated:F-" yL�AY ,{� 1q q. �-
<br />FOR VALUE RECEIVED, we/I jointly and severally,
<br />promise to pay the City of Santa Ana, a municipal corporation, or
<br />order, at 20 Civic Center Plaza, Santa Ana, California 92701, or
<br />at such other location as the holder hereof may, from time to
<br />time designate, the sum of $STY -TWO THOUSAND THREE HUNDRED
<br />TEN AND NO 100--------------dollars ($32f.310.00 ) with
<br />interest from M ar�k16 , 1992, on unpaid principal at the
<br />rate of five percent 5,00% per annum; principal and interest
<br />payable in installments of $ 255.51 on the i (� day of each
<br />calendar month, beginning on the 16 day of S LR-, 19�Z, and
<br />continuing until the said principal and interest have been paid.
<br />Each payment shall be credited first on the
<br />interest then due and the remainder on principal; and interest
<br />shall thereupon cease upon the principal so credited. The maker
<br />of this Note promises to pay to the holder hereof a "late" charge
<br />of $10.00 as liquidated damages, and not as a penalty, for each
<br />installment more than ten (10) days in arrears. Upon default in
<br />payment on any installment, the balance of this obligation shall
<br />become due immediately at the option of the holder hereof.
<br />In the event that the real property which is the
<br />subject of the Deed of Trust securing this Note, or any part
<br />hereof, or any interest therein, is sold, agreed to be sold,
<br />conveyed or alienated by the maker of this Note, or by operation
<br />of law or otherwise, at the option of the holder thereof and
<br />without demand or notice, this,obligation shall become due and
<br />payable in full. Consent to one such transaction by the holder
<br />hereof shall not be deemed to be a waiver of the right to require
<br />consent of the holder of this Note to future or successive
<br />transactions.
<br />In the event that it is determined by a court of
<br />competent jurisdiction that the real property which is the
<br />subject of Deed of Trust securing this note is used, maintained
<br />or occupied, by the undersigned or by any other person or
<br />persons, in violation of any provision of any code or ordinance
<br />of the City of Santa Ana, then at the option of the holder hereof
<br />and without demand of notice, this obligation shall become due
<br />and payable in full.
<br />The maker of this Note shall have the right to
<br />prepay this Note in whole or in part without penalty or premium
<br />at any time.
<br />Said principal sum shall be payable in lawful
<br />money of the United Ftntea of. Amor.ica. Tf action is i.ngtitut@d
<br />on this Note, the maker of this Note promises to pay such sum as
<br />the court may fix as attorney fees. If this Note is signed by
<br />more than one person, the obligation hereunder of each and all of
<br />the parties signing it is and shall be joint and several.
<br />This Note is secured by a Deed of Trust naming the
<br />City of Santa Ana, a municipal corporation, As Beneficiary and
<br />United States Escrow, a California corporation, as Trustee.
<br />BY: fir,./twr 6 G
<br />WILLIAM B. CONTENTO, TRUSTEE FOR THE
<br />'JOHN DELULIO TRUST DATED
<br />DECEMBER 26, 1966
<br />Attaclnt D
<br />By:
<br />1305bew.alp
<br />
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