JOHN DELULIO TRUST (3) - Laserfiche WebLink

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SECURED BY DEED .OF TRUST (INSTALLMENT NOTE - INTEREST INCLUDED) $32 310.0 Escrow No: 88079 A/B Re:I306 North Bewley „St. Santa Ana, California Dated: F vqy, FOR VALUE RECEIVED, we/I jointly and severally, promise to pay the City of Santa Ana, a municipal corporation, or order, at 20 Civic Center Plaza, Santa Ana, California 92701, or at such other location as the holder hereof may, from time to time designate, the sum of $ THIRTY-TWO THOUSAND THREE HUNDRED TEN AND NO 100 - - - ----dollars ($32,310.00 ) with interest from , 1992 , on unpaid principal at the rate of five percent 5.001 per annum; principal and interest payable in installments of $ 5�7 5�51 on the _�_�__ da of each calendar month, beginning on the day of �e , 1992, and continuing until the said principal and interest have been paid. Each payment shall be credited -first on the interest then due and the remainder on principal; and interest shall thereupon cease upon the principal so credited. The maker of this Note promises to pay to the holder hereof a "late" charge of $10.00 as liquidated damages, and not as a penalty, for each installment more than ten (10) days in arrears. Upon default in payment on any installment, the balance of this obligation shall become due immediately at the option of the holder hereof. ram` In the event that the real property which is the subject of the Deed of Trust securing this Note, or any part hereof, or any interest therein, is sold, agreed to be sold, conveyed or alienated by the maker of this Note, or by operation of law or otherwise, at the option of the holder thereof and without demand or notice, this obligation shall become due and payable in full. Consent to one such transaction by the holder hereof shall not be deemed to be a waiver of the right to require consent of the holder of this Note to future or successive transactions. In the event that it is determined by a court of competent jurisdiction that the real property which is the subject of Deed of Trust securing this note is used, maintained or occupied, by the undersigned or by any other person or persons, in violation of any provision of any code or ordinance of the City of Santa Ana, then at the option of the holder hereof and without demand of notice, this obligation shall become due and payable in full. The maker of this Note shall have the right to prepay this Note in whole or in part without penalty or premium at any time. said principal sum shall be payable in lawful money of the United States of America. If action is instituted on this Note, the maker of this Note promises to pay such sum as the court may fix as attorney fees. If this Note is signed by more than one person, the obligation hereunder of each and all of the parties signing it is and shall be joint and several. This Note is secured by a Deed of Trust naming the City of Santa Ana, a municipal corporation, as Beneficiary and United States Escrow, a California corporation, as Trustee. Attachment D By: WILLIAM B. CONTENTO, TRUSTEE FOR THE JOHN DELULIO TRUST DATED DECEMBER 26, 1986 By: 1306bew.alp