Deed of Trust with Assignment of Rents 2007-0518464
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t::x8Mpr PER GO\jERNl\lltt'{~\. I
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Redevelopinent Agency, <::....
\,~~ Atth: AsJ:l1ey Jones is/w 2007-0518464
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1'3325 Civic Center Drive :0,....
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OW Poway, CA, 92064 ,.,
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"''o~'o Order # O"SA-2262863 (20)
SPACE ABOVE THIS LlNE'FOR RECORDER'S,USE
DEED 0F TRUST WITH ASSIGNMENT OF RENTS
(SHORT FORM)
This DEED OF TRUST is made,as of _July 10_,2007 oetween W''oJack Rode, A Married
'ManAs HisSoIeAnd Separate Property And Kip Rode, A S!!lglelVIan As Joint Tenants'o'herein
called TRUSTOR, whoseaddressJ0858'o~abre Hill Drive, Unit #250, San Diego, CA"Poway
Re.4t:veI()pment Agency, hereincalledTRUSTEE, and the POWAY REDEVELOPMENT
AGENCY, herein called 'BENEFICIARY,
WITNESSETH: That Tru_storgrants to Trustee in trust,with'power of sale, that property in
. - ~ . '.
the City of San Diego, County of San Diego, State of California, described as:
SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF
together with the rents, issues and,profits thereof, subject, however,to theiright, powennd authority
hereinafter given to and~onferred upon BenefiCiary to collect'andappIy such rents, issues and profits
forthe purpose of securing (1) that promissory note in the amo,untof $2,250.00 made by Trustor in
favor of Beneficiary, and'extensjons ~r renewals thereof (the'''Proinissory Note"), (2) the
performance of each agreement 6fTrustor incorporated by referen.ceorcontained herein, and (3)
,payment of additional sums and i111erestthereon which may hereafter.be loaned to Trustor, or his
successors orassighs, when evidenced by a promissory note' or I).otes reciting that they are, secured by
this Deed ofTrust.
To protect the security ofthisDeecl oCTrust,and.withxespect to the property above
described, Trustor expressly makes each'aIId'al[ofthe'oagreements, and'adopts imd agrees to perform
and,be:bound!by eachiand all 6fthe termsaricfprovisions set torth.insubdivision A,and:it)s m.utuallY
agreedthat'each arid all ofthe terms aM provisions set forth,in,sybdivision B of the fictitious deed of
trust recorded in O.r.ange c:ountyAugust 17,1964, and iri ali othet counties August 18,1964, in the
book andaHhepage of Officiill'Records' in the office of the county recorder of the county where said
projJertyis located"noted bc1ow'opposite the name of such county, namely'
Exhibit F-1
'S0\469746.2
o:+-C62
:~ '" . . 9965
,-
COUNTY BOOK PAGE COUNTY BOOK PAGE COUNTY BOOK ,PAGE COUNTY BOOK PAGE
-- -- --
Alameda 1288' .556 "Kings, 858 713' PI""" 102'8 379 Sierra 38 187
Alpiii'e' 3 130~3r Lake, .437 1\0 Phmias 166 1307 '~iskiyou 506 '62
A!Mlkir 133 43&' Lassen, 192 367 Riverside 37781 '" Solano 1287 621
1330 1 '0sAllgeJes T3878 874 Sacramento 5039 124 Sonoma 2067 42'
Butte "513
Citlavems 185 :3:fs 'Madera 911 136 San Beniio' 300 405 Stanislaus 1970 56
Colusa 323- '391 Marin 1849 122 S. Bernardino 6213. 768 Sutter 655 585
ContrnCostri 4684 I Maiiposa 90 453 S. Francisco' . A-.S04 596. Tehama 457 183
Del Norte 101 549 MendOcmo 667 99 S.Joaq~n' 2855 283 Trinity, 108 595
EI Dorado '04 63~ Mereed 1('i60 753 S. Luis Obisp? Illi 137 Tulare' 2530 108
Fresno 5052 623 .ModOe 191 93 San Mateo 4778 175 ,Tuolunmc 177 160
Glonn 46. 76 Mono 6. 302 SantaBarbara> ,2065 881 V",nrra 26<J7 237
HwnbOldt 801 83 Monterey 357 239 SaDtaClara 6626 664 Yolo 769 16
I1nperia!' 1189 701 Napa '04 742 SantaCruz 1638 60' Yuha 398 693
Iri:i'o' 165 672 Nevada 363 94 Shasta '800 633
Kom 3756 690 Orange iHi2 18 San Diego 1964 149774
Series 5
shall inureto and bindthe..partieshereto, wit~ respect to the property abovedescribe,d, Said
agreements, terms'and'proyi~ons containediinsaid,subdiVisions.A and'B,.,(identical'in all counties,
and l'rinte,fon pages 3 and 4'hereof) are by the within reference thereto, incorporated,'herein and
madea,partdfthis Deed of Trustfor all purposes as fully as'set forth: at '-ength herein,'and
Beneticiarymay charge for astatemeritregarding the obligation secured hereby, providedtlje charge
therefore,does.not exceed the maximum allowed bylaw.
The undersigned Trustor; requests that a copy of any' notiCe of default and ,any notice of sale
hereunder be mailedtohim at his address hereinbefore set forth,
KIP RODE
By" fJ~
KipR. e '
W. JACK RODE ~;' .:"....~
By:
Exhibit F-2
SP\469746,2
. . 9966
CALIFORNIA ALL.PURPOSE ACKNOWLEDGMENT
~r-;:t~2:"'~~ -~~~~~~~~ ~~~=.~-~ffii.&~~~
State of California
County of SI ^"'" ltAtS 0(-, I ~'''f n
On'l-aQ-DI before me, \'1\",
Date
personally appeared I.A.lo..lk( .J ru If K..nrlo
Name(s) ofSigner(sl
o personally known to me
o&.jor proved to me on the basis of satisfactory evidence)
,~ ~ .~ ~ ~ ~ .'-. ~ ~ ~ ~ ~ t to be the person(fl whose name (,i) iS/~ subscribed to the
... MARILYN HUffORD
.. . COMM, #1549634 ~ within instrument and acknowle ged to me that
'" : y NOTARY PUBLIC CAliFORNIA g he/~elthn executed the same in hisn;erlt~ir authorized
SAN LUIS OBISPO COUNTY capacity(~), and that by hislh/r/th~r signature\B1 on the
'-' __ ,__M~C~~..m vEx~es:[B..-3,~Oo.: k
instrument the person(,5lj, or the entity upon behalf of
which the person(,0 acted, executed the instrument.
WITNESS my hand and official seal.
Place Notary Seal Above
OPTIONAL v
Though the information below is not required by law. it may prove valuable to persons relying on the document
and could prevent fraudulent removal and reattachment of this form to another document.
Description of Attached Document DOL-
Title or Type of Document: "'>e 0 '" ~c\ ( h-<?rl
Document Date: Number of Pages:
Signer(s) Other Than Named A ~'
MARILYN HUffORD
COMM, #1549634 ~}'P~citY(ieS) Claimed by Signer(s)
r ARY PUBLIC CAlIFOR , Signer's Name:
AN LUIS OBISPO COUNT Ign4fr s Name:
:omm Expires;FEB,3 4lliII9 ~iVidual o Individual
v -, v v ~ "lJ'" rporate Officer - Ti1le(s): o Corporate Officer - Title(s),
o Partner - 0 Limited 0 General o Partner - 0 Limited 0 Gen
o Attorney in Fact o Attorney in Fact .
o Trustee o Trustee Top of thumb here
o Guardian or Conservator o Guardian or Conservator
o Other: o Other'
Signer Is Representing: Signer Is Representing:
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@2006NatkmaINotaryAssociation 9350 De Solo Ave, EO. Box 2402 Chalsworth, CA 913132402 Item No. 5907 Reorder: Call Toll-Free '-800-876-6827
<, . .
_STATE OF CALIFORNIA ) 996 '7
) ss,
COl'JNTYOf_SanDiego )
On ,!U h1 /0 /Ub'l ,before me, ':fJtUf,~ i,D' /li~, ' , Notary Public,
, (Pri tNameofNo Public)
personally appeared J~ r /20r/e ,
o personally known to me
-or-
, \iz.'j proved to IDe on the.basis of satisfactory evidenceJo be t~;personWwhosenaine(.8tiSl8re<subscribed
to the witliin,instrument and acknowledged to me that IliYslJ.e'/t~ executed the same in ~ir
authorize,d capacity(i!lll), and that b~r signarure'(.sf on the iilstniment the person(s); or the
entity upon 'behalf of which the person( sf1icied, executed the instrument.
~ .. -- - - ~COw~ - - I WITNESS my hand and official seal.
.' Commission" 14463611
-. 'Notiiry PublIc . CaIiiomla i ~ .
. .., . 'SanDle9o~ ! ..., '~'Q.l .rVJ
1_ _ _ ~S?"..e~_~2~:?~t Signatur<OfNo,lJf1J It
OPTIONAL
Though the data below is not required by law, it may prove valuable to persons relying. on the document and could.prevent
fraudulent reattachment of this form, .
CAPACITY CLAIMED BY SIGNER DESCRIPTiON OF ATTACHEDDOCU~El'!T
o It,di"idual
o Corporate Officer ]eta .ef -( nJ"-)/:J
T'tl ) Title Or Type Of Document
I e(s
o Partiler(s) 0 Limited
o General -1
o Attorney-In-Fact J j/
o T.ru.stee(s) Number Of Pages
o Guardian/Conservator
o Other: Ju./ 10 , '2DD 1-
'Signer iSTepresenting: VI 'Date Of Documcut
Name'OfPerson(s) Of Eiitity(ies)
hLJaf-k'. (2odt
. Signer(sl Other Than N8f!led'Aoove
SD\469746.2
. e.
'.
EXHIBIT A 9968
LEGAL DESCRIPTION
50\469746,2
, . EJ,(afBITA .
9969
A CONDOMINIUM COMPOSED OF
INTEREST I
AN UNDIVIDED ,02 INTEREST AS TENANT-IN-COMMON IN AND TO PARCEL I OF PARCEL
MAP NO 16315 IN THE CITY OF SAN DIEGO COUNTY OF SAN DIEGO, STATE OF
CALIFORNIA, FILED IN THE OFFICE OF THE COUNn RECORDER OF SAN DIEGO COUNTY,
DECEMBER 6,1990,
EXCEPTING THEREFROM THE FOLLOWING:
A, ALL LIVING UNITS SHOWN UPON THE BROOKVIEW PHASE I CONDOMINIUM PLAN
RECORDED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY,
CALIFORNIA, ON DECEMBER 19, 1991 AS INSTRUMENT NO 91-660599
B, THE EXCLUSIVE USE COMMON AREA, SHOWN UPON THE CONDOMINIUM PLAN
REFERRED TO ABOVE, DESIGNATED AS, PATIOS, BALCONIES, STORAGE AREAS, PARKING
SPACES,
INTEREST 2:
LIVING UNIT NO 250, OF PARCEL MAP NO 16315 AS SHOWN UPON THE CONDOMINIUM
PLAN REFERRED TO ABOVE,
INTEREST 3
THE EXCLUSIVE RIGHT TO USE, POSSESSION AND OCCUPANCY OF THOSE PORTIONS OF
PARCEL I OF PARCEL MAP NO 16315, IN THE CITY OF SAN DIEGO, COUNTY OF SAN.DIEGO,
STATE OF CALIFORNIA, FILED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO
COUNTY ON DECEMBER 6,1990, DESCRIBED IN INTEREST 1 ABOVE WHICH ARE
APPURTENANT TOTHE LIVING UNIT DESCRIBED IN INTEREST 2 ABOVE AS MORE
P ARTICULARL Y DESIGNA TED ON THE CONDOMINIUM PLAN REFERRED TO ABOVE AS
"EXCLUSIVE USE COMMON AREA," WHICH RIGHT IS APPURTENANT TO INTERESTS I AND 2
ABOVE DESCRIBED
INTEREST 4
A NON-EXCLUSIVE EASEMENT FOR INGRESS AND EGRESS AND RECREATIONAL USE ON,
OVER AND UNDER THE COMMON AREA OF LOT 3 OF BROOKVIEW SQUARE UNIT NO 1
ACCORDING TO MAP THEREOFNO 12277 FILED ON DECEMBER 9,1988 IN THE OFFICE OF
THE COUNTY RECORDER WHICH EASEMENT IS APPURTENANT TO INTEREST 1, 2 AND 3
DESCRIBED ABOVE, THIS EASEMENT SHALL BECOME EFFECTIVE UPON (I) THE
RECORDATION OF A CONDOMINIUM PLAN ON SAID LOT NO, 3 (II) THE RECORDATION OF A
SUPPLEMENTARY DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS
DECLARING SAID LOT 3 TO BE SUBJECT TO THE DECLARATION OF COVENANTS,
CONDITIONS AND RESTRICTIONS RECORDED AS HEREINAFTER SET FORTH WHICH
REQUIRES THE OWNERS OF SAID LOT 3 TO BE MEMBERS OF THE ASSOCIA TION AND llII)
THE CLOSE OF THE FIRST SALE OFA CONDOMINIUM BY DECLARANT IN SAID LOT 3, ALL
AS MORE FULLY SET FORTH IN THE DECLARATION TO WHICH REFERENCE IS
HEREINAGOVE MADE, THE COMMON AREA REFERRED TO HEREIN IS LOT] OF
BROOKVIEW SQUARE UNIT NO I ACCORDING TO MAP THEREOF NO 12277 FILED ON
. . - ~ . .
DECErylBER9; 1988 IN THE OFFICE OF THE COUNTY RECORDER, EXCEPTING THEREFROM
ANY RESIDENTIAL BUILDINGS THEREON AND ANY PORTIONS THEREOF WHICH MA Y BE
DESIGNATED AS AN EXCLUSIVE USE COMMON AREA,
INTEREST 5
. .
9970
A NON-EXCLUSIVE EASEMENT FOR INGRESS AND EG~E,SS A.ND RECREATIONAL USE ON,
~ '" . - """
OVER AND UNDER THE'COMMON AREA OF LOT t OF BROOl\YIEW SQUARE UNIT NO, I
ACCORDING TO,MAPTHEREOF NO 12277 FILED ON DECEMBER 9,1988 IN THE OFFICE OF
THE COUNTY RECORDER WHICH EASEMENT IS APPURTENANT TO INTEREST I 2 AND 3
DESCRIBED ABOVE, THIS EASEMENT SHALL BECOME EFFECTIVE UPON (I) THE
RECORDATION OF A CONDOMINIUM PLAN ON SAID LOT NO I (II) THE RECORDATION OF A
SUPPLEMENTARY DECLARATION OF COVENANTS, CONDITIONS'AND RESTRICTIONS
DECLARING SAID LOT I TO BE SUBJECT TO THE DECLARATION OF COVENANTS,
CONDITIONS AND RESTRICTIONS RECORDED AS HEREINAFTER SET FORTH WHICH
REQUIRES THE OWNERS OF SAID LOT 1 TO BE MEMBERS OF niE ASSOCIATION AND (III)
THE CLOSE OFTHE FIRST SALE OF A CONDOMINIUM BY DECLARANT IN SAID LOT I, ALL
AS MORE FULLY SET FORTH IN THE DECLARATION TO WHICH REFERENCE IS
HEREINABOVE MADE, THE COMMON AREA REFERRED TO HEREIN IS LOT 1 OF
BROOKVIEW SQUARE UNIT NO I ACCORDING TO MAP THEREOF NO 12277 FILED ON
DECEMBER 9, 1988 IN THE OFFICE OF THE COUNTY RECORDER, EXCEPTING THEREFROM
ANY RESIDENTIAL BUILDINGS THEREON AND ANY PORTIONS THEREOF WHICH MAY BE
DESIGNATED AS AN EXCLUSIVE USE COMMON AREA.
INTEREST 6:
A NON-EXCLUSIVE EASEMENT FOR INGRESS AND EGRESS AND RECREATIONAL USE ON,
OVER AND UNDER THE COMMON AREA OF LOT 4 OF BROOKVIEW SQUARE UNIT NO I
ACCORDING TO MAP THEREOF NO 12277 FILED ON DECEMBER 9, 1988 IN THE OFFICE OF
THE COUNTY RECORDER WHICH EASEMENT IS APPURTENANT TO INTEREST I, 2 AND 3
DESCRIBED ABOVE, THIS EASEMENT SHALL BECOME EFFECTIVE UPON (I) THE
RECORDATION OF A CONDOMINIUM PLAN ON SAID LOT NO 4 (iI) THE RECORDATION OF A
SUPPLEMENTARY DECLARATION, OF COVENANTS, CONDITIONS AND RESTRICTIONS
DECLARING SAID LOT 4 TO BE SUBJECT TO THE DECLARATION OF COVENANTS,
CONDITIONS AND RESTRICTIONS RECORDED AS HEREINAFTER SET FORTH WHICH
REQUIRES THE OWNERS OF SAID:LOT 4 TO BE MEMBERS OF THE ASSOCIATION AND (III)
THE CLOSE OF THE FIRST SALE OF A CONDOMINIUM BY DECLARANT IN SAID LOT 4, ALL
AS MORE FULL Y SET FORTH IN'THE DECLARATION TO WHICH REFERENCE IS
HEREINABOVE MADE, THE COMMON AREA REFERRED TO HEREIN JS LOT 4 OF
BROOKVIEW SQUARE UNIT NO, 1 ACCORDING TO MAP THEREOF NO 12277 FILED ON
DECEMBER 9, 1988IN THE OFFICE OF THE COUNTY RECORDER, EXCEPTING THEREFROM
ANY RESIDENTIAL BUILDINGS THEREON AND ANY PORTIONS THEREOF WHICH MAYBE
DESIGNATED AS AN EXCLUSIVE USE COMMON AREA,
INTEREST 7'
A NON-EXCLUSIVE EASEMENT FOR INGRESS AND EGRESS AND RECREATIONAL USE ON,
OVER AND UNDER THE COMMON AREA OF LOT 5 OF BROOKVIEW SQUARE UNIT NO 1
ACCORDING TO MAP THEREOF NO t2277 FILEDON DECEMBER 9,1988 IN THE OFFICE OF
THE COUNTY RECORDER WHICH EASEMENT IS APPURTENANT TO INTEREST 1, 2 AND 3
DESCRIBED A.BOVE, THIS EASEMENT SHALL BECOME EFFECTIVE UPON (I) THE
RECORDATION 01' A. CONDOMINIUM PLAN ON SAID LOT NO, 5 (II) THE RECORDATION OF A
SUPPLEMENTARY DECLARATION, OF COVENANTS, CONDITIONS AND RESTRICTIONS
DECLARING SAID LOT 5 TO BE SUBJECT TO THE DECLARATION OF COVENANTS,
CONDiTIONS AND~ESTRICTIONSRECORDED AS HEREINAFTER SET FORTH WHICH
REQUIRES THE OWNERS OF SAID LOT 5 TO BE MEMBERS OF THE ASSOCIATION AND I III)
THE CLOSE OF THE FIRST'SALE OF A CONDOMINIUM BY DECLARANT IN SAID LOT 5, ALL
AS MORE FULLY SET FORTH IN THE DECLARATION TOWHICH REFERENCE IS
HEREINABOVE MADE, THE COMMON AREA REFERRED TO HEREIN IS LOT 5 OF
BROOKVIEW SQUARE UNIT NO 1 ACCORDING TO MAP THEREOF NO 12277 FILED ON
DECEMBER 9; 1988 IN tHE OFFICE Of THE COUNTY RECORDER, EXCEPTING THEREFROM
~ ---
. .
9971
ANY RESIDENTIAL BUILDINGS THEREON AND ANY PORTIONS THEREOF WHICH MA Y BE
DESIGNATED AS AN EXCLUSIVE USE COMMON AREA,
"
I
. . 9972
_DO NOT RECORD
The followihgiisa copy,ofSubdivisions Aand B,oftl1e fIciiJiousOeed ofTrust
recorded ineachcOlinty,[n California as stated in the [oregoirig Deed ofTrust and
incorporated by reference in said Deed of Trust as being apart thereof as if set forth at length
therein.
A. To protectthi: security of this Deed of Trust, Trustor, agrees, subjecHo the
terms and'conditions ofthe'First'LienLender (as defined in the Promissory Note) pursuant to
the Subordination and Standstiif Agr~ement (as defined in the Promissory Note):
(1) To:keepsaid property in good, condition and repair; not to remove or
demolish any building therepn;,to complete or restore promr.tIy and in good and
workmanjike manner any building which may be constructed, damaged or destroyed thereon
and topaiwheri due all c1aimsJ()f'Iabor performed and,materialsJumishedtherefore; to
comply with all laws affecting said property'or requiringapyalJeIations or improvements to,
be'made thereon;noHo commitorpermit waste thereof; not to commit, suffer or permit, any
act upon, said property inviol!ltion of law; to cultivate irrigate;:fertilize, fumigate, prune and
do all other acts which 'from ,the character or use of said pr()perty may be reasonably
necessary, the specific enumerations herein not excluding-tliegeneraL
(2) To proviile, ,maintain and de fiver to Ben.eficiary fire insurance
satisf~ctpry,to'and with loss payable ,to Beneficiary. The.amouritcollected hnder any,fire or
other!iiisurance policy may be 'applied by Beneficiary upon any,indebtednesssecured:hereby'
and in such,order as,Beneficiaiy may determine, or at option;of,~Beneficiary the entire amount
so collectcd'or ariypart thcreofmay be relcased to Trustor,Sltch,application or relcase shall
riot cure or waive any default or notice of default hereunder or invalidate any act done
pursuanHo such notice.
(3) To appear inland defend any action-or proceeding purporting',togl,ffect
the,security hereof or the, rights or powers of Beneficiary' or 'trust eo;:; and to pay.all costs and
expenses, including costofeVidenceoftitIeandatlomey's'atlomeys' fees in a reasonable
slim,.iri any sltchraction OTcI~tO(:eeging,in which BenefiCiary or'frustee may appear, and in
any suit brought,by Beneficiary to foreclose this Deed:
(4) To pay' at leastten days before delinquency all taxes and
assessments'aft'ectingsai~'property; including assessments'on:appuJ!enant water stock; when
du~,all encmribninces, charges and'liens, with interest, on saWproperty or any part thereof;
which,appear to,be,prior or superiorl1ereto; all costs, fees and expenses ofthis trust.
_ ,Should Trustor fail to make any payment'o.r to'do,any act as herein provided,then
Beneficiary;or Trus~ee; but,witl1olltobligation so todo'and without notice to or demand ,upon
Trusioralld'without releasing Trustor from any obligation thereof, may' make or dothi:,same
insu6hmannerjand,tosllc,h extent'as either may deem'necessaty to protect the security
hereQf;B,eneficiary or Trustee,being authorized to enter upon,said:property for such
purposes;appear'iniand,defend any action or proceeding'punjortingtoaffect thesecuriiy
hercofor,thcrights or po\yers'ofBencficiary or Trustee; pay,purchasc, contcst or
compromise a,ny'encufubrarice"cl1arge or lien which in the judgment of either appears to be
prior or supenor'hereto;,and,in,exercising any such pOwers,p'iiy necessary expenses,' employ
'counsehand,payhis;reasonable fees,
. . 9973
(5) To Pay, immediately and withoutdema!ld'~Ihsufus so expended by
,.,' -'. . '-' .",
Henefi~iary or Trustee; withiilterest from date of expenditure:iit,the\amountallowed by 'law
in..effect'at the date hereof; and'topay,for any statement pfoyioed{6rby law in effect at the
. . .- ...... ' '.'.
date hereof regardi_ngthe,oblfgatiohsecllred hereby any !l!"ount demanded by the Beneficiary
noHo,exceedthe maximum allowed by IawaHhe time when said statement is demanded.
B. It is mutually agreed:
(1) ThatanyaWard of damages in connection with any condemnation for
public' use of of, injury to,saidpropf<rty or any partthere6f iso.hereby assigned and shall be
paid,t6 Beneficiary who may. !lPplyor release such monies receiye<i'byhim in the same
manner and withthe,sarheeffectas above provided for disposition of proceeds offire:or
other insurance,
(2) That by'a~c,epting payment ofanys,um secure<ihereby after its,due
date"Ben(;:ficillry'does not waive his:right either to require prompt'payment when due,of all
other sums so secured or,to'declare default for failure so to pay
(3) That at-anytime offrom timc to time, withoutliabilitythcrefore ahd
_ .. - - "~w .".
witho!1t.notice, uponwrittt',h'reqhest ofBenefjciary andpresentati6ri ofthis,Oeed and said,
note fofendorsement; and with()Ulatfecting the personal liability o(any person for payrnent
ofthe!indf<btt;:dne!is, secured nefebY, Trustee may' reconvey,any part of said property;
cO!ls5ntto,the'making:of:any map or plat thereOf; join,in,grahtirig,anyeasemenUhe,reon;'or
join'in,any extensionagreementor:any agreement subordinating,the lien or charge hereof.
(4) 'l'hatuj5on writtehTequest of Benefi~iarystatingthatall sums secured
. - - -, ~
herebyhave'been,paid;.and UPOn sl1Tfenlier of this Deed,andsaid nbtetoTrustee for
cancellaticinand rete~tio!1 or-other disposition as Trusteejnjts'soJe.discretion may choose
and upon payment of its fees,Trustee'shall reconvey, withOlit\varranty, the property then'
,held'hereunder The recitalscin'S.U,Eh.,reconveyanceor any matters, or facts shall be cohClusive
proof of the truth,fulnessthereof. The Grantee in such-reconveyance rnay be described as
"the,person or personsJegallyentitlt;:d:thereto,"
(5) Thatlas~d.ditioriaI security, Trustorhere~y giyes'toand corifers.upon
Beneficiary the right, powef ahd.authority, during the contit!!1t,!nce-ofthese Trusts, to,collect
the:reiits,issues iUJdprofitso(sa}d prope,rty,reserving:untoTrustor the right, priorto any
default by Trustor,in'piiyirientofahyindeotednes,s s.ec!1red,herebyoLin perfo'rm\lnce of any
agreemehthereun<!eri,tocolle~,t,and retaiil,such rents,issues and proWs as they become due
and_payable, Upon aily sueh default, Beneficiary l11ay:atany,time. without notice, either in
persoh, by:agcnt, or.by.a'r~_c~i.ver to bc appointed by, a court; and without regard to ,the
ageq,!,acy of any' security! for the indebtedness hereby.s.ec,!red, enter upon and bike possession
of:said pf()pertYior,a:nYipartth~reof, in his oWn riamesue,for,or"otherwise collect such'rerits,
issu;:s, a,nd,pro,fits, inCludihg those past dueiandunpaid; anf! apply the same,iesscosts,and
expenses of operation and collection, inCluding reasonalj(e attorney's attorneys' fees; upon
ahy ihdebtedness,sesured hereby, and iirsuch order as BenefiCiary rnaydet~rmine. The
~ - ' ,
enteringmponlan(ftaking,possessionof said property, thecollectio'n of such -rents, issues and
profits anothe'applicatii:m,thereof.as aforesaid, shall i1otctifeor waive any default or notice
ofQefaulthereulld~r or invalidate any act done pursuant to such notice.
(6) That upon default Trustor inpaym~nt of any indebtedness secured
. . '0
9974
hereby or in perfonnal)ceof any agreement hereunder, Beneficiary may declare all sums
secured hereby immediately due and payable by delivery to Trustee of written declaration of
defaultahd demano' fOr'saIe,alld.of written notice of default and of election to cause to be
sold said property, which:notice Trustee shall cause to'bdiled for record. Beneficiary also
shall deposit with Trustee this Deed, said note and all documents evidencing expenditures
secured hereby
After the lapse of such time as may then be required by law following the recordation
of said notice of default, and notice of sale having been given as then required by law,
Trustee, without demand onTrustor"shall sell said property at the time and placC'fixed by it
inisaid notice of sale, either,as a'whoIe or in separate parceIs,,-and.insuch order as it may
detennine, at public auction to the nighest bidder for cash in lawful money of the United
States, payable at time of sale. Trustee may postpone sale of all or any portion of said
property by public announcement \I~5uch time and place of sale, and from time to time
thereafter may postpone such sale by public announcementatthe tirile,fixed by the preceding
po~tponement. Trustee shall deliver to such purchaser its deed conveying the property so
sold, but without any covenant or warranty, express or implied. The recitals in such deed of
any matters or facts shall be conclusive proof ofthe truthfulness thereof. Any person,
including Trustor, Trustee, or Beneficiary as hereinafter defined, may purchase at such sale.
After deducting all cpsts, fees and expenses of Trustee and of this Trust, including
cost of evidence of title in connection with sale, Trustee shall apply the proceeds of sale to
payment of: all sums expended under the tenns hereof, not'then repaid, with accrued interest
at the amount allO\\::ed by law in,ef'fect at the date hereof; all other silins then secured hereby;
and the remainder, if any, to the person or persons legally entitled thereto.
(7) Beneficiary, or any successor in o\\lflership of any indebtedness
secured hereby, may from timeto time, by instrument in writing, substitute a successor or
successors to any Trustee named herein or acting hereunder, which instrument, executed by
the Beneficiary and duly acknowledged and recorded in the office of the recorder ofthe
county or counties where said property is situated, shall be conclusive proof of proper
substitution of such successor Trustee or Trustees, who shall; without conveyance from the
Trustee predecessor, succeed to allits title, estate, rights, powers and duties, Said instrument
must contain the name ofthe original Trustor, Trustee and Beneficiary hereunder, the book
and page where this Deed is recorded and the name and address of the new Trustee.
(8) That this Deed applies to, inures to the benefit of, and binds all parties
hereto, their heirs, legatees, devisees, administrators, execJItors, successors and assigns, The
tenn Beneficiary shall mean'the owner and holder, including pledges; of the note secured
hereby, whether or not named as Beneficiary herein. In !his Deed, whenever the context so
requires, the masculine.gender includes the feminine and/or neuter, and the singular number
includes the plural.
(?) That Trustee accepts this Trust when this Deed, duly executed and
acknowledged, is made a public record as provided by law. Trustee is not obligated to notify
any party hereto of,pending.sale unoer any other Deed of Trust or of any action proceeding in
which Trustor, Beneficiary or Trustee shall be a party unless brought by Trustee.
. .
99'7'5~
DO NOT RECO~
REQUESTF.ORFULLRECONYEYANCE
TO poW AY' REDEVELOPMENT AGENCY; TRUSTEE
Theundcrsigried isthe'\cgal owncr and holderofthc;n6teor notes, and of alI;othcr
,ihdebtedhesssecured'qy the:.foregoing Deed of Trust. Said note or n_otes, together with all
other indebtedness secured b'y.said Deed of Trust, have, been ,fully paid and satisfied; and you
, are hereby reqIJesteiJand directedon;paymentto you,of any sumsi()wningowingto you. under
the,terms'of,said Deed of Trust"to cancel said note or notes ~bove fuentioned,.and'alJ"other
evidences ofihdebtednesssecuredlly:said Deed of Trust delivered to you herewith,together
with the said DeedofTrust,andt()j~econvey, without warrllcflty,.t9thepartiesdesignated by
the terms of said Deed of Trust, all the estate now held by YOIJundertlie same,
Dated:
Please mail' Deed of Trust,
Note and Reconveyance,to
Do not lose or destrov this De'ed ofTrUs/.OR THENOTE.which il secures. Both must be~i:fe/ivered to'the Trustee for
cancelldtion:before-reconvevance will b~ made.
DEED9F TRUST
with power of sale
TRUSTEE
" . .
99'1'6
ADDENDUM 'E(i) DEED OF TRUST WITH ~SSIGNMENT OF
RENTS
. TillS ADDENDUM TQ'J)EEpOF TRUST wrl'R ASS~GNMENT'OF RENTS
is made a part of that c/iqaip Deed of Trust with Assignm~nrof.~ents (the "Deed of Trust")
<late<!as'5>t~July 1O~, 2007"execufedby KIP RODE ("Trustor"), in fiivorofTHE
POW AY'REDEVELOPMEN:f AGENCY.
1. Due on Sale, TriiiIsferor Further Encumbrarice;.Tfthe.Subject ProJlerty, or
<.. -. . -'. --
any interest therein shall be:soId;transferred.(including, without limitation, through sale or
transfer of a majority or <:,011t1:01lirigiillterest of the corporat~istock of Trustor), mortgaged,
assigned, or further encuillberedor,ifTrustor enters into:a;Jease'ofthePropertywhich grants
thc.Iessee,an option to purchase the Property or a lease for att;TlIt(including,aIl possible
extensions) in ,excess of twenly {20),years, whether directly'orindirectly, whether
~. - '. . ."
vphmtarily, involuntarily or,by operation'of law, witIioutthe prior writtt;n consent of
Beneficiary, then Beneficiaryin,its sole discretion may decll!}'eaIl Secured Obligations
immediately due and'jJf'yable,
2. Hazardous Materials.
a. , Special,Representations And Warranties, Witl:lOut in any way
limiting the other representatiQ.11s,imdwarrantiesset forth in'tl1is Heed of Trust, and after
reasonable investigaii()n'and' inquiry, Trustor herebyspecially<repiesents and'warrants to
the best of-Trustor'sknowledgelis of the date of this Deed of TrUst, except as previously
,disclosed to Beneficiary
(1) The Subject'Property is notCandhlls'not been a site for the use,
: generat,ion,: manufacture,. storage; treatment" release, .threatehed' reI'ease, di scharge, disposal,
'transportation or presence'of,apyoil;flammable explosives,,!isbestos, urea formaldehyde
insulation,radioactivematerials"haiardous wastes, toxic orcoiitarhinated substances or
similarinateriais, induding, withcll,lt:1imitation, a:nAubstariceswliich are "hazardous,
substances,""hazardouswa~~es~' "hazardous materials" or "toxic substances"under the
HazardolJ,s Mateiials'l'.aws, as descri\Jed'below, and/or othefapplicable environmental [aws,
ordiriarices'andregulations (c9I1ectively, the "Hazardous Materials"). "Hazardous Matt;rials"
shalLnot inc1ude.commerciallyreasonable ,aIllounts,ofsuch inaterialsused in the ordin~ry
course of operation of.the:Suliject,Property which are\used and'stored:inaccordance with all
app!ic!lbIe environmental laws, ordinances and regulations,
(Ii) ,The:SubjectProperty is ih compliance with all laws,
oniil1l!:!,Ices: and regulations ,relating to, Hazardous MateriiiIs0'Haia:rdous Materials ;Laws"),
'including, without limitatton: the'.Clean.Air Act, as amended;A2.tJ ,S;c. Section.7401 et seq.,
the FederaI;WaterJ'oll,ution Cohtrol Act, as amended;.33 U,S.C. Section 1251 et seq,;tl1e
ResourceConserva.ilon:and,Recovery Act of 1976, as amended, ,i'2 U,S;c. Section.690let
seq.; the Comprehensive EnvirQnment Response, COrhpensationand Liability Act of) 980, as
amell.ded.(incluflillg:the:Supeifund Amendments lJ.!1d Reauthorization Act of 1986,
"CERCLA"), 42 B.S:8. SectiQn 9601 et seq., the Toxic:Substances,Contr.ol Act, a~ amended,
15 U.S.C..:Sectiol1:260.Iet;seq;, the'Occupational Sa.fety and Health 1\ct, as amended, 29
", . '.
, 9:97~7
U$.C,Section,651,.th~'E!I1ergencY<PIaririingand Community R_ighW(Y~(pow Act ofI986,
42UiS;C:SectioriJIOOl etseq:;iihe;Mine Safety and HealthiAet'ofi977;as amended, 30
U:S;C: Section 801 et s~q:;:the;S~fe,,?rin!<:ing Water Act,:as'amencted,42iU.S:<:;. Sec!ion 300f
'etseq,; anda'Ucomparable state,and'locaI laws, laws ofotlierjurisdietions or. orders and
regulations.
(iii) Thf'r~ are nocIaims or:aciions C'H,azardol1s M~terials
Claims"}P!lnding orthrea:tenei:! agaii1stTrustor or theiS)Jojec1Property,by any gbverrimental
'entitY6f agericyorby;ariy oth~r.person or entity reIating'to Hazardous Materialscor.pursuant
to the Hazardous Materials Laws.
(i~) rhe Subject Property has n.otbeen designated as' Border Zone
Property under the provisions,ofCaIifomiaHealth ahd Safet)i'Gode, Sections 2522Qetseq
and theJ:.e has pe,en,nl).occurfencc'or condition on anyrealiprl)p~rty adjoining:orihthe
vicinity cif,the'Subject'Property that could cause the Subject Property cir, ahy part thereof to be
designated as-BorderZone PropertY
b; Hazardous Materials Covenants. Trustor agrees as,follows:
(i) Trustor sh_~11 not cause or perinit.the,Subject Property iO'\:Je
used, as a,sitefor tl1~u!ie, g~neration, manufacture, storage~,treatlnent, ,release, discharge,
gisposal, transportationor!pfesence of any Hazardous Materials,
(ii) nustor ~haU comply and.calise,the Subject Property to
comply with aU Hazardo\lsMaterialsLaws.
(iii) TrustorshaU immediately 110tifyHeneficiary in writing of: (i)
,the discovery of any Hazardqus Materials on, mider or,about,the!SubjectProperty; (ii) any
knowledge by Trustor,thattl1e,S~blectProperty doesnotcompJywith any.Hazardous .
MateriaisLaws;{iii)'anyHazardous IV1llterials Claims;,arict;(Tv)'the discovery of any
occurrence or,co[l(!ition 011 anyreal'pf6pertyadjoining or in.theNicinity<,>fthe Subject
Prqpe,rtythatcould cau~ethe,Subject Property or any part ,thereof to be designated as Border
Zohe Property
(iv) 'In response to the presence of any f{a?'llr40'us Materials on,
under or about the SubjectProperty,TTl!stor shall immediately,Wce,.at'Trustor's,soIe
~xpense"alIremediaIaction,fequifed bY any Hazardous,Maierials L,a,ws or any jl1dgment,
cohsent'decree,settlementcor compromise i,nrespect to'any Haiardous Materials Claims.
c. . InsRectioil By Beilefidary. Hponreasonable prior n9t(ce to
Trustor,-,Be,l)efI.ciary;its efuployees,andagents, may, frorn timetotime-(whether'befoi-tior
;if!<;rithec6irimenceIllent ofa nonjudicial orjudicial {orec!osure'proceeding);enter and
mspecfthe SiI1JjectProperty for th~purp()s<; ofdeteimiriiilg the' existence, location; nature
iitidIllagnitude'i.oflinYP<iSt,or presentre'leaseor'threatened release of any hazardous
substanc~-int();',onto;)eneath.orfrom the Subject Property
d, Hazardotls Materials Indemnity. Trustor hereby agrees to
defend" indemnify andiholdl1armless Beneficiary, its empioyees"agents,successorsand
aSsigns:f'rOin'and'againsvan~ and all losses; damages, liabihties,cIaims,'actions,
. . .
.. :' .
. 9,9'7'8
judgments, court<;:osts ana , 1e,gal ()tother expenses (in(;IUliing, wit!ioutlimitation,
attorneys' fees,iiiid expenses) which,Be,neficiary may,;ihclirlisia'.difect odndirect
consequence cif the;use~ generatioQ,}.llaIl.1!facture, storage; disposal; threatened\li~posai,
,transportation or prese,nce(!fl:;!azardoUs Materials in, on, under or about the Subject
Property. Trustor ,shall ifufuediately pay to Beneficiary upon' demand any amounts oWing
under thisjndemnity, togeilief,witii interest at the,rateofJ,i~J1Percei1t:(10%) ReI' annum.
Trustor's duty and obligations to defend, indemnify and'hcild hiirinless, Beneficiary shall
,surVive the release, reconVeyance'orpartial reconveyahce ()fthisDeed of Trust.
e. Legal'EffeCt Of Section. Trustor arld Beneficiary agree that. (a)
this PlITagraph 2 is-.inteIiaed as,Beheliciary's written request foriinfonhation (and
Trustor's response) concerning ,the environmental conditi()Iiofthe real. property secllfity
lis required byCalifornia,Gode QfCivil Procedure ~n6.5; and.(b }~ach provision In this
Paragraph (together with .anyinde'mhity applicable io'a,brl::_~h,ofany such provision)
withrespectto the envirolili1ental~conditi()nof the real. property security is intended by
Beneficiary and Trustor to be'lan"~enyironmental provision"for"piJrposes of California
Code of Civil Procedure~736, and as such it is expressly understood that Trustor~sduty
to,iridemnify Beneficiary Q~reJlll(lershall survive: .(a) anyj\l4icial'or non-judicJal
foreclosure undt;r this Deed:ot tfust;.or transfer oftheSubje(;t Pr:operty in lieu thereof,
and'(b) therelease liild,recoriveyanceor cancellation of this Deed of Trust.
~'\ . . /c
, .; ~!. ";..' . , ~.
997'9
EXHIBIT "G"
[INTENTIONALLY DELEJ2ED]