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80A - JOINT - SETTLEMENT AGMT
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80A - JOINT - SETTLEMENT AGMT
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1/3/2012 3:47:28 PM
Creation date
4/18/2011 3:07:31 PM
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City Clerk
Doc Type
Agenda Packet
Item #
80A
Date
4/18/2011
Destruction Year
2016
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of any prior lessor (including Trustor) under any lease, (b) subject to any offsets, abatements, <br />rent reductions or defenses which the tenant may be entitled to assert against any prior lessor <br />(including Trustor) under any lease, or (c) liable or responsible for or with respect to the <br />retention, application and/or return to the tenant of any security deposit paid to any prior lessor <br />(including Trustor) under any lease, whether or not still held by any prior lessor (including <br />Trustor), unless and until Beneficiary or such other transferee has actually received for its own <br />account as lessor under the lease the full amount of such security deposit or a credit therefor. <br />Each tenant and occupant of the Property shall, upon any foreclosure of this Deed of Trust or <br />transfer in lieu of foreclosure, be bound to Beneficiary or such other transferee under all of the <br />terms, covenants and conditions of the tenant's lease for the remaining balance of the term <br />thereof or extension thereof, with the same force and effect as if Beneficiary or such other <br />transferee were the original lessor under such lease, and the tenant shall attom to Beneficiary or <br />such other transferee as its lessor, such attomment to be effective and self-operative without the <br />execution of any further instruments by either party, immediately upon the tenant's receipt of <br />written notice from Beneficiary or such other transferee or from Trustor that title to the Property <br />has vested in Beneficiary or such other transferee. Rent paid by a tenant or occupant to the <br />transferee after receipt of such notice shall be considered to be rental payment under the lease. <br />IN WITNESS WHEREOF, Trustor has executed this Deed of Trust as of the day and <br />year first above written. <br />TRUSTOR: <br />By:. <br />Its: <br />DOC SOC/ L400673v 14!200272.0003 <br />ATTACHMENT NO. 9-9 <br />80A-404
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