SANTA ANA WBBB, LP 4 - Laserfiche WebLink

Home Browse Search

EXHIBIT H-2 FREE RECORDING REQUESTED PURSUANT TO GOVERNMENT CODE SECTION 27383 When Recorded Mail to: Community Development Agency of the City of Santa Ana 20 Civic Center Plaza P.O. Box 1988 (M-37) Santa Ana, California 92702 Attn: Housing Manager CITY DEED OF TRUST AND ASSIGNMENT OF RENTS This CITY DEED OF TRUST AND ASSIGNMENT OF RENTS ("City Deed of Trust") is made this March 7, 2011, by between SANTA ANA WBBB, LP , a California limited partnership ("Trustor"), AmeriNational Community Services, a California corporation ("Trustee"), and the City of Santa Ana, a charter city and municipal corporation ("Beneficiary"). Trustor, in consideration of the promises herein recited and the trust herein created, irrevocably grants, transfers, conveys and assigns to Trustee, in trust, with power of sale, the property located in the City of Santa Ana, County of Orange, State of California, described in the attached Attachment No. 1, attached hereto and incorporated herein, and more commonly known as 605-611 East Washington, Santa Ana, California ("Property"); TOGETHER with all the improvements now or hereafter erected on the Property, and all easements, rights, appurtenances and all fixtures now or hereafter attached to the Property, all of which, including replacements and additions thereto, shall be deemed to be and remain a part of the Property covered by this City Deed of Trust; provided that so long as Trustor is not in default hereunder, it shall be permitted to control the Property in accordance with the requirements of that certain Loan Agreement entered into by and among the Trustor, the City of Santa Ana and the Beneficiary, and dated concurrently herewith (the "Agreement"), which are on file with the Beneficiary as a public record; TOGETHER with the right, power and authority during the continuance of these Trusts, to collect the rents, issues, and profits of the Property, reserving unto the Trustor the right, prior to any default by Trustor in payment of the indebtedness secured by this City Deed of Trust or in the performance of any agreement under this City Deed of Trust, to collect and retain these rents, issues and profits as they become due and payable; and, TOGETHER with all articles of personal property or fixtures now or hereafter attached to or used in and about the building or buildings now erected, or hereafter to be erected, on the Property which are necessary to the complete and comfortable use and occupancy of such building or buildings for the purposes for which they were or are to be erected, including all other goods and H-2-1 DOCSOC/ 1469583v5/200272-0003