08-1210_HABITAT FOR HUMANITY_Subordination AgreementAPN: 668-,I3 ] -a 3 a n 668-42� L)4
RECORDING R9QUES1IE0 BY:
Fidelity National Title Company
Esurew No.:
laca1e No.: CANNTU972497240.147E119121
1 itle No.: 118-7231194391D3
When Reconded Mail C ocumeni To:
9unwest Ban
11542 East : 7th 9tneet A1100
Ttlslin, CA 92780
APN : 668- 4 21-03 and 668-421-04 M CII ABM MEI THIS L NE NOR I NC09 0 BR'S 113E
SUBORDINATION PICIRBBMBNT
NOT] CE: IIHIS 9 UBCIA DINATICIN AGREEN 9NT RESULTS IN YCIUR 9 9CURITl1 INTEREST IN 11HE
PROPBIRTY BECCINIPIG SUM ECT TICI AND CIH LCIWER PRIORIT117FIAN _111H9 LEN CIH SCIN E
CITHER CIR LAMER SECURITY INSTRUN ENT.
THIS SUB CIRDINAT CIN AGREEN ENT, made Oecemk en 10, 2008, t y Habitat fon H umanity of Orange
Clounty, lna. a tlalibrnia non-profit, public benefit corpollation ovinen of ti a land heneinaflen
desonit ed and f eneinaflen neflenned to as "Clwnen," San Juan Clapistnano Community Redevelopment
Agency, a puk Iia body, aouporale anti Holil is pneieni owner and holder c f I l e daec of tnust and note first
t eneinaflen desanibed and heneinaflen nelleved to as "Beneficiary," and Srinwesl Bank, a CallilDnnia Bani' int
Carganatisn, t ereinaflen nefennecl to as "I ended';
W]I N ESSET H
THAT VIHBIREAS, Habitat fol Humanity of Oiange Clounti, Inc, dict exeauie a deed ofl trust, dated
Oclober 27, 2008, to Rirml Almenican Title Clompany, A Gallfoinia Coupoiation, as tnuitae, aovening
SEE EXHI9II1 "A" ATIIACHBID HBIRETa AND N ADE A PARI FIERECIF
to 9ecune a note in t1 turn oil $631,174.49, dated SE pi ember 24, 2008, in favon of San Juan
Clapistr ano R edevelopment Alga ncy, a public body, col poi ate and poiji ic, whioh deed of I n si wa s
neeorcled as in s i rt m enl no. 20080004 93808, in the C Iff na ial Reaonds of said county; ty; a n d
WHEREAS, Ownen has exeauted, on is at out to exeauie, a deed ollrusl and nate in the sum oil$1,200,000
dated in lalon oil the Lenden, payable witt inleleat and nlpan the tenms and conditions
desanibed t h enein, wl ich deed a fl ti ust is to t e re cot ded ooncunuent ly hene-wil h; a n d
WHEREAS, it is a aondit is n pl ecec le n t to obl ainin c said loan tt a t said deed a fl mutt last above ment ion ec stall
unconditionally be and Remain at all limes a lien an ahalge upon the land teneinbellole desanibed, pnion and
stiganion to the lien or ahalge of the deed ofl tnust lint al (%e mentioned; and
w HEREA1, lendell is willing to make said loan pnovided the Gleed oil tmist 9ecunning the same is a lien or cha ng a
upon the at a%e desanibed pnoperty pnia and stlperlor to the lien on ahange oil Ile deed of IIIl1S1 filsl abo) a
mentioned and I g na \ ided that Beneficiary will i gecilaally and t I r aond itis r ally subondin al e the lien a n change al
the dead of must knit at ove mentiar ed to tt a lien on ct am a of the Gleed oil tnls in favon oil Lenden; and
INITIALS:
FD- 16A CI Tll SUBORDINATION "A"
(subari) (E) ISTII la DEND 01 TRl ST 70 NEVI DIIBD ON TR( ST) Aige f Ic. I of 3
APN: 968-421-03 and 668-42., j,I
WH ERflk , it is 'I o the mutual benefit o' I the par ies hereto 'I t at Lander mal e s ucl loan to Clwner; a n d
Baneficiary is willing that Ihedaed oillrusl ! ecuring tt a same sl all, viii en reccirdec, constitute a lien orct arge
up a n said land whist is uncon dit ionall)l prion and superior to 111 a lien a r aharge ofl the deed ofl t ru! t Ar -1 abode
rneni Toned.
NCIW, 7HIREFORE, in aonsidaration ofl I he ratittial beneflit acar1.iing 10 the parties hereto and other valtsat le
consideilal ion, the re aeipt and aufficien cy oil whiah consideral ion is t ere t y acl nowie dged, and in order to
induce Lender 10 make tt a loan at ave reilerrad to, i1 is heiseby dealared, uncle rstaod and agreed as Ibflaws:
(1) Tt at said deed of irtisl seauring ! aid nate in tlavanaf Lende r, and any nenawals onextensions
tt ereaf, shall unaondilioaally be and remain at all limes a lien on aharge on it a gnoperty
I ere in (to scribe cl, prior and st ipe ria r i o t he lien a r charge of t he de ed oll tru! it above
merit ioned.
(2) 11hal Lender wotild not make its loan at ave de scribed without tl is slit ordinatian agreemanl.
(7) Mal 1 his agreement shall be I he whole and on I)I agreem ant with regard to 1 he subondinat!an
oil l he lien or ahange of l he dead of tnust flln< I a t ove mentioned to Ile lien a n at ange o l l t e
dead of tnust in flavon of lender above nefennod to and shall super ede and cancel, but only
insoilar as would aflect tt a pniot ity bete den the deeds all trust I line in bellore specifically
described, anal gniar agnearned as to sunt suboidinatian including, t tit not limited, those
piiovisiou, iflany, contained in 'IF edeed o'llri.isl frust at ave mentianed, vit ict provide bn the
subondinalion of the lien on change tl a neaf to anolt en deed on deed! of tnu! t a r to anothen
rnartgage an rnarigala s.
0enefsciary declares, agiees and act nowladges that
(a) He caa9ent 10 and appraves (i) all provisions oil tI a note and deed of 1nusl in favoai of
Lenders abode neflenised lo, and (ii) all agneemants, including but not limited to any loan or
esoraws agneements, t dtween Clwnei and Lender bt 1te disk tinsement oil II a gnoaeeds of
Lender's loan;
(b) Lender in making disbine aments punsuanl 10 any sucl agreement is undeu no obligation or
duty to, non has lenden nepiesented tt at i1 will, see to the application of s ucl pnoaaeds I )I
the person or persons to whom l enden dis busses sunt proceeds and aril appllaai ion oil use
oil itiah pnocaecs 1bn pusposas othen than those piovidec far in sunt agneemeni oI
agreements sl all not delleat the stit ordinal ion f mein made in vit ale on in par;
(a) He in ten t ia n at 1) 1 and unaondition ally wahies, nelinquist es a n stit anclin ates tt a lien of 111 ange
oil the deed olltiust frsl above mentioned in flalionoil Ihe lien oilcf arge upon said land oil Ihe
da ed Oil 1111.0 in favor oil I enden above neilerred 10 and undevIands tt at in nelianae upon, and
in consideiaiioa afl, this waiver, neliniquishment and sutardinaiion, speciflla loam and
advanaes are t eing and will be macre and, as pa rl and ganael 111 a neafl, specific rna nelaryand
attar atligatiansare teingand will beanteredinto viticl wouklnol bernadeonentenec into
I: Lit flon !aid nelianae upon This wahien, relinquishment and subordination; and
(d) An endonsement has Nen planed upon tt a node sectinad Ill the deed 01111111.1511 fust above
ment ionec I t ha t said deed of 1 rust [as b) l 111 is ins 1 rum e n t been subondina to d to the iia n oft
change ofl the deed of tnust in favor oil Lenden a baNie nelenrad to.
[SI{ INPITURE E IR RHE IR CIN HOI L OWING PAGES]
]NrrJAl 5:
RD- 9A CLTA SUBOR D INATE 1`1 "A"
(si it a ra) (EXISTING 11 BED OF 7RUS11 TC NEVI DEND OF TRUST) tale Na . I of
ARN: 668-42:1-0: anti (M-< . ,,4
NOMICIE: THIS SUBOROINATICIN 11GREEMEN n CIONTAIINS AI RRCIV]S]CIN M HICIH AILLOIA S it E
PERSON CISU GAITED ON if OL R REAL RRCIPERTY SECIURIT)i 10 097A]N A LOIN fiI RCIRTICIN OF
WE ICIH M11Y BE EXREN DEO ACIR CI7H ER RU MOSES Th AN ]MRIs OV EMBN 7 OF IIHE LA N D.
BANH:
WHEREAS, tt is Subondina tion Agmemenl has teen exeauled as of 0 a data frost wiiden above.
AGENCI1:
SUNWRS-11 RANK, IAN JUAN CJ IA ISTRANO CCIN N UNITY
a California b n ng conponation REDEVELCIPMENI AGENCY,
a put lic C ody, ca nporiate a and palil is
Br Ar By:
B} F L1, • 1, r ,e, _p
Executi a Viae PnesidenI Dave M. Adam
6 le cul ive Dinec a r
ATI EST:
AAA II
B)I:
t Nonal an
Iacirelary
AS IKI
Woodruff, Spradlin & Smar
Clman IandovaI
Agenc}I Special Council
INITIALS:
9—/
00\ -
RD -16A CI TA SUBORDINATION "A" 1
(subara) (ExISTIria 0 ENO OF TRUS1170 NEVA D19D 01 TRLIST) Page r1o. 3 of 3
APN: (148-,U]-93 and 668-42� 04
BCIRRCIWBR
Habitat flan Humanity ofl Cluange Ca Linty, Inc.
CSI IPlorn is non-polil, p Lit 11(1 t anefil conponal ion
aron Ellis
Executive Dinecton
FD -116A CI TA 9U1 a R DINX IOP "A"
(SUbara) (E) ISTD la I EMU 01 TRU9T - 0 NEVA DMaD ON TRLIST) Rage I a. 'I of 3
APN: VIE -,Q I -0 3 and 668-42. J4
I sera Na.:
I o4a l e No.: CAHNT9 972-0 972-11091-a 719'.119, 29
Title N4.: 08-7231194291DJ
D HIBIT "AI"
LCIT 1 CIH TRAC`II NO. 17023, IN THE CITY OF SAN JUAN VIPIS71RANC1, CCIUNTYI CIH CIRAPICIE, STATE CIF
OIL IHORNIA, AS PER MAP RECORDO D IN 8001 f 95, PAGES 23, ] 1 AND 28 011 h ARS, IN 7F IE CIHFICE OF
III -!H CC Ut FN RECCIRDER CIF SAKI CCIUNTYI.
EXCEPTIPIG THEREFRCIN THE WATI3R RIGHIIS INCLUDED WI7FIIN CIR APR URl1ENANTI110 THE LANG AS
DEDIUMED TCI 11111 CrN CIH SAPI JUAN UIPISTRANCI CIN IHE OWNERS STAIIEMENII OH SAID TRACTI NCI.
17011.
APN: 668-421-03 and 668-42:1-04
HD- 6A ULTA ! UBOf I INATIUP I "A"
(subara) (13XI! TING I BE OFTRUSII TO NEW DE9D 01 TRI IST) I ag e I la. 14 f
AAN: 6EIi -41 i -q: and 868-421-04
ilALL SICINATL RES MUSII 911 ACKNOWLEOGED]
State of Califarnia )
County a f RG1�IY►� )
CIn cc,,ewKbeR ig 2C GIS beforerne,
Ma kq Gaace Notary Pr t Iia f ei a inser nam( and Utle oil the affrcer),
personalty appeamcl
who q ra ued I o mean I[ e bas is of sat is lactory a video ae l o b( tt a pensa n * yr hos( name(js; is/afe s ubsa uibed
to the witl in insirt rnent and acl nowledged to me t1al he)jsbe{te)I e) ecuied de same in I is,1hetitheir
aul hoi iced ca gacity(jies), and I hal b) I hi! /her', =„ signal uue (Q on I he in sl litrr en I t e pensa n M, a n the enl ity
upon b( IailloIwhiah tie person(acted, exe(iutec ti a instuument.
Icertifj under PENALTdCIFIPERIURY unclend a lays oiltheRate ollCalitlorinia ttatt:heIloiegoingparagrOgI i!
I we and cornet .
WRNESS
9 ignal idle
State oil Califa no is )
CorInt} of 31dtrGr✓ )
VARY -GCE VI tJ2.Oiri�Z
Comoro on • 16%M
I la vry Pub0c • C4ftmo
PNI
an T) 11 PO, Z 3I . Zug - betbrle rr e,
P'i -Fp A e o':�" i , Notary Pt t He SII elle in ser name and title oilthe officer),
p,qusorkilly appoliarl(d `5r -IAS i✓CIIUS
who q ru led I o me on the basis of sa t isilactory a videnae I o t ( tie per sa n (r.) v1 hose name(sp is/axe subsa nibed
to the wits in insi rurnenl and acl nowledged to me t at 4 e/jsi e/tbejj e) eculed tt e ° ame in -hisj a /their
authoit: ed capacity aaa), and that b)I4*1/herrjIbeW signal uie(!� on the insi un enl It a pelsa nw, a r the entity
upor 14 t aril oil whiah It e pei son Qs) act( d, executed tt ( insti ument.
l aertifj under PENA!_TdC FI PERIUR`f under tl a lav s oll the State oil California tt atthetbiegoing paiagragt
t I ue and ilio rec .
WILINESS
Signat ui e
Rr1A A. 614811 s
�larrnilaelan • 11321d2
QSeal)I •+rf Notarl Public • Calffornio
Change Gounttl
*CcnmF reaAp115,111
AD AA (ILIA ILIBOR9 if IAT10f I "A "
(sut a r) (EIVITING HEC On IN US7 TO NEY [ Elf OF IRUIT) Page Na . I of:
I UBLKI AGM CIY NORM ON ACKNOWLHDGHMENT
Sil all e of Claliibrnia
Cla unty of Orange SM.
Clity of Sa n duan Capistj ano
(Gov'l Code 40814 & Clivil Code 118 1)
(In January 21, 2009, before me, M a ales uet R. Mot a han , , personally appewed David F. Adams
Executive Ilinecta ai, wlla proved to me on tt a basis of saliailaa lor)i evidence 10 Ifle be parson who9a
manna is subscribed la -Ihe wiilhin instrumanl and aaknawledgad -lo me that his 9ignatune an -Ihe
insilrumienl 1he pennon, of tt a enilit01 upan I aha f oilwhicE the person acted, axecu lad the ins1rumenl.
I cer ify under YENAIITY CIB PERJURY undeii the laws of the State oil Cla lifornia that the fa negoing
paragia ph i9 true and corm at.
�ISBAII)
WITNESS my hand and offia ial va al.
Of TfONAL
Capacity C lai>mied Idy Siglnerm Uescidgl1ian of Alltaded Dcicuiment
Title a r Tyr e a f Noun ant
Officer tlitle
Subowdination Agreamenl
Execut ive Dirac to n
hate of Daaun cnt
Signers lire ReAresenling
Clity of Slan duan Capistj ano
32400 PAO E O ADI LA NTO
SAN JUAN 0 A A ISTII A f IU , CA 9 7 4 79
(949) 49311111
(949) 49311053 mAx
61JW14.,iaftlE1(2AiaapF9 tAICliFO,U►g
IRAIN SIMITTIAL
January 20I, 2049
W
"'lunwest [lank
'17942 Mist 17th Stneell, #200
flus tin, CA 92780
Attn: Brad F-oovEir
FROM: MEig Mon ahan, MMCI - City Cllenk (94 9) .4 43-6308
MEMBERS OF THE CITY 0C OF CIL
RI3: :lubond ination AgVie menil (H abi-lat -Ion Humanity o•1 Changes Clounty, Inc)
Enclosed:
SAK ALLEY ATO
U URA FRI IBE E
TM 10MAS W. HA IBM
MAF IK NIEL7 EI
DR. I W DRI IS U3 C
(1) anigimil, emicuted subardination agneeirrien1l fon APN 668-e 21-03 and 668-4 2'I-04, as
appuoued by the Community REideiveiloprnient Agency on January) 20, 2009,
CIG:
F abitat ilor H urnanitj (Shanon Hilis)
Douglas Durnihart, Eccinomic DeivEiloprrien'l ManagEimil-aura StokEis, Hauling Cloardimitan
San.)mars Cglisilrcno: FlreservigIifleFla s,l ki hilt nee jillefbti4re
C4j* Printed on 100% recycled paper
CRA 1120/1009
AGEN aA RERORT B3
10: Dave Adams, BxE WINE Dine clan
AROM: Dciuglas Clumt ar , 9ccinomic ❑E velapmE n1 Manager
91.9.11RI : Cansideralicin cif a aubondinalicin AgreEnien'l bEtwEEn 'Ite Clammunit�j
Re devE Iciprr1E n1 Agency, F abillat akin Humanity Orange CciunN, and
:IunwE s1 Bani .
R9COMMSI1 L7ATIOI`
By motion, appicive Suk cudinalion AgnEE MEnt betvuaEin 'It a Clommunit�j Redevelciprrionl
Agency, Fabillal fou Humanity OnangEi Counly, and Sunwesil Banl ; and aulhonizE lite
BXElauliVEI DineClal to Eixecu,lEi 11ho agneEiment on behalf cif ihE Board cif DinEiclaus.
SUMMARY:
I hEi Clornimun ily RedEivelopmE n1 Agency (1t a "AgEin cy") has partnEined with Hat i1al kin
Humanity of Orange Clounty, Inc. ("Habita�l") 10 -Iacilital[Ei IhE dEivelcipmEini col 27
awnenship units a1 ilhe ilEinminus of Calla Ralando, In Augus'I, 2008, the Agency plovidEid
h abitail wilh addtlional financial assistance Ihnough a $335,342 giant and a 0°/a in'IEinEisl
loan of $63,1,174, to It e repaid by h abilal fon F urrianity cin a pEin unit basis al 1hEi lime of
building peimil issuance. I his finding was mEimonialized lhraugh an Aflandak le Housing
nunding Agieemen'l which pncihibilEid tuluIEi suboidinailion.
F abi'lal has EixpEiriencEid conilintied flunding dilernimas due filo 1hEi slow dawn in economy
and will iaquiie lurthEir funding 10 complErte 1111 cons1ruclicin all 1hEi finst eight III ing
Units, ihEi silreErlsaapEl, and 1111 a infnaslnuclunEi crl thEi dEivelapmeint. Hak itail has
endeavoneid to obtain flunding 'It uiugh : evEinal grand: and has been un; uccEissful in
neicEiiving a flunding award, icsulling in Fabilal applying tir outsidEi loan lunding. Habilall
III as neicEiived a $1.2 millicin dallan Ioan -Inam %clunwcisl Bank. F oweivEin, anc o-1 1hEi banks
pncivisions is III thEi Agency : ubondinale Ihei $631,174 loan made in August, thus
Ernsuning 9unwEis-l's nepayrnen'l in the eiv€int Habila-1 givers Lip -It a righ'ls to -It ei land.
On ❑eceimben '10, 2008 h abilall for Humanity fanmally nepluc,,teid the Agency considEin
subardina ling its Aflondable F ausing Flunding Plgicemenil to 9unweis-I Bank loan sci that
Habital may neicfJve hurl henfunding'Ion-It ei 27 unit dEivelcipmEint.
Lcgal aoaun; el has reivieiwEid and appnawid -It ei neiqueis'led subondinatian agneemenl
(alI&EIC11MEinll 'J). 9tafl ha: dEiteirminEid Iha-1 it is acasanablc to enteu in -lo a .11lubondinaiion
FlgiEiemenil k y and among Sunweis'I Bank, Fabillal ficin Humanit�j Onange Count, and 1hEi
Ageinay so lhei pucijEicil can iEiceiive additional ou-lside lunding.
Agenda Reipor
Rage 2
RIN AN CIIAU CIONSIDBRAMON :
,lanLiary 20, 2009
Habitat ion F umanily's loan agreEimenl will remain intact. ThEi napaymenl o1 the
$63'1,'1714 loan will continues to bei due on a pen unit basis at thea lime of building ponmil
issuances. '-IhOLild Fabitat lose tFe nights to the land, the Existing Disposition and
DevEilopment Flgneerrnient obligalei Sunwest to assume F abi-lal fon Humanity's
pnericquisiWi .
N 0111RICATION:
Mark Konando, 9xeculivEi DinEicton F abiiat ion F umanit}j
l3nadlord C. F oovE in, Exemitivei Vice Flnesidernl S unwEist Bank
RECOMMENDATION:
By motion, appnove %11 ubondinaiion Agneeiment bEft een the Community RedEivelopment
AgEincy, Habitat lion F umaniq OnangEi County, and %c unwEist Bank; and authorise ihEi
Executives Direcion io exEiculu the agneemeni on behalf oil IhEi Board of Direcions.
Respects uily s ubmitlEid,
�[.c a.� (�1rti�2V
Douglas Dumharl,
Etconomic Development Manager
RnepanEid by:
iww- -
D'
Laura � tokcs ,
Housing IFRedEnielopmeint Manager
Atlachrnienl: 1. E ubondination Agne(ime nt.
2. F abiiat ion Huniani-ly and E unwEisi Bank FInomis s or)j I` o1E1.
3. F abiiat ion Humanit}j and %E unwes t EI ank DeEid oil Tnus t.
APN: 668-4] 1-0] a rid 968-4: 4
REC IOF 10 IN G REQU ESTEE ON:
Fidelity National Til le Coni Many
Escrow No..
Lod b No.: CJIFN11097I-0977-0651-0. 2911412!1
Title No.: Oil -125119 4291 E I
When Recarc ed Mail Document lar:
Sunwesl Bank
17542 Ea s1 17" Stnmt #200
-Mustin, CAI 92780
AIPIN : 661-4121-03 anc 6EI8-421-04 SIACII AB011EI T1 IIS Ut18 NOR RaCORDEIR`S 119E
SUBORD114A7 ION AGRBBM BN 7
NOTICE: THIS SUBCIRDINATICIN AGIREEMENTI RESULTS IN YCIUR SECURITY] INTEREST IN -Ii EI
R RCIPERTY BECCIN INO SUB]ECII -ICI AND OF i OWER PRIaRITY TIF AIN THE LIEN ON SON 0
OTHER alk LATER SECURITY INSTRUP [INTI.
THI!I SUBC RDINAT710N AICIREIEMENII, made Ilecember 10, 2C C 6, b11 H abita t fclr H umanitj oliorange
Clounti, Inc. a Clalifarrita non-prrfit, plublia benefil ccriporaticin owner of the land heneinafleii
desaribed and heiieiniften ieller ed to as "Owner," Si in Juan Cilpistrano Clommunitg Rederrelcipmeril
Agency, a public boc y, corporrate a nd pgllitic nnesent ov► nei and I [older of the c Ieec ofl tnusl and I nol a f rsl
heieini fter desaiibe( and hereinafle refenied to i 9 "Bdneliaiary," and Sur weal Bank, a California Banking
Cor portal ion, hei einaflei ieilei ed Io as "Lender";
WrMESSETIH
TI-VIT WHEREAS, Habitat fan H umanitj cif Chiange Clounq, Inc, dict exeaule i deer oil 1 us1, dated
Clctobdr 27, 2001, to First JImerican Title Ckimpar y, A ClaIhIcirnia Caupoiation, as I ustaa, cone ing
SEE EXHIBI'TI "A" Ain ACHED H ERE110 AND N AEIE AI PART HERECIF
to secure i nole in 1:1 a srirn oil $631,174.4191, dale( Septembelr 241, 2001, in & Not of San Juan
Calpish ane Redevelopment Algency, a public body, corporate ar d pollitfa, whict Gleed of Iruisl wi s
i ealyde( as instrument n(. 20 C 1 ( 0041513801, in the Official Recc rids oil said county; and
WHEREAS, Owren I as e)iecrite(, or is i be ut to exec to, a dee( oflrti9l and nole in t1 a suni of $1,2C0,00a
(lite( , in flavor of the lendei, pa)latle wilh inleresl ind upon the learns and oonditians
desanibec ti (i nein, mihial deed of I nusl is to be iiewrdec wnoui re ntly heiiewiti ; and
WHEREAS, 11 is a conclil ion prienedent toot ti ining said loan Ihal said deec oil lrusl las abmiemantione( shi 11
t nconditionally be i nd remain at all times i lien on charge r pqn 1te land heneinbe flare described, pi ioi and
supenion 10 tt a lien of chi nge c f t (i Gleed oil tnust fir, t above mentioned; and
WHEREAS, lender is willing Io make said loan provided the deed ofl trust sEmining t1 a si me is a lienor ahai ge
t pc n the above desci ibe( prop( illi prig n and s upeiiioi to the lien of chi rge of 1 he deed of I i ust first i be ve
m enl ioned a nd p c vides i tf a Benefiaiary H ill specifically and I uncondil ionall)l subordin a1 e 1 he llen on d arge ofl
tl a deed oil trust firs above mentioned to 1h a lien or cl arg a ol t e deed of i nisi in favor oll Lencler; and
INrm t s•
Fa" 611 C1.TA 9UBOR DINATION "A"
(subs a) (EMISTING E EEO OF TRUST 70 NEW DE9D DI TRUST] Ie+ a tic. 1 of 3
WTIIACF MEN- 1
APN: 668-42:1-I)] and 668-4. 14
WHEREAS, it is to Ile n ritual beneflit oil tl a parties I (neto ttal Lander male sucl loan to Clwnen; and
Beneficiary is willing ti a t ti a deed of i nusi securing I t a same shall, wl an neva rKlec, aanstitute a lien on ct arc e
i Ipa n said land wl 1ch is unaondil ionally pnion and sup( nio n to the lien on a hange ofl the deed ofl inusl firs abo)ie
n (n I ioned.
NCIW, lFIERENORE, inconsideration of 1 hem utual ben( flits ata ruing Io I he pildies heneto and ott er valva t le
aonsidenation, the nec( ipt and srifficiencM oil whiah considenal ion is henet )I acknowledged, and in ancien to
induc( LendenIo male the loan abaNie ne'lenrec Io, it is herety declared, underistnad and agneed as hollows:
(1) Thal said deed ofl b us It securing said not( in 'lavon of I enden, and any nenewals oil exto nsia ns
It ereoil, s hall unconditionally be and nemain al all 1 imes alien or change on the property
I t erein described, prior and su penia n to Ile lien or at ange ofl Ile do ec oil I nusi a be ve
meni iona (I.
(2) llhat Lo n der would n a it n ake its la an above described vlit hout I his si ibc rdinal ion agreement.
(3) Ihal I his agdeemenl i I all t e I he vll ole a n(I only a gn( a meni viii I regaid to the suborKlination
oil I he lien a n cl a rg ( of tt a deed ofl I rust first abor ie merit lone( to t I c lien on change ofl t he
dee( ofl I nusi in ilavon of lender above nellenned to and st a II supgrsec I( and cancel, but only
insular as would affec the pnionity between tie deeds oil tnust heneintxfare specifically
deicnibed, any pdioii agreement as to such subondin al ion including, but not limited, Ihosa
piiovisions, ill any, cont aine( in t he Gleed of t nust first a be ve n eni ioned, whist- provide Ion the
sr Ibc rdinaf ion oil I t e lien a n charge I heneoll I o anol hen deed on dee cis of I nusi or to a n of t en
mora gage or mortgages.
Bdnelliaiary dealaiies, agrees and aal novlledges It al
(a) He aonsents to and appnoves (i) all provisions oil the note and deed oil trust in favor of
Londen at ave refenned to, and (ii) all agneernants, including but not limiter to any loan oil
escrow agneement, tKtween Clwnan and Lenrlar furl it a disk ursement of the pnooeeds oil
L( nden's loa n;
(b) Lender in making disbur ements pursuant to any such ac neemenl is under no obligation oil
duty to, non has tenden nepnesented It at it will, see to Ite application of Such pnocieeds t y
the pgnson on pgnsons to whom I ender dist rinses sucl pnoaee( s and any application oil use
ofl sucl pnoc( ec s Iun punpoi es of h(n than those provide( fan in sua t agreement or
agreements shall not delleat the srlbc rdination herein n ade in vll ale oil in part;
(a) He intentionally and unoondition aIlywahies, nelinquishes and sUbe ndinates. tt a lien odct arge
a fl tt a deed ofl it rust Ilia it abor ie merit ion ec in Ilavon ofl tl a lien or cha ng( upon sa id lane I of 1 he
Gleed of tilust in %voii oil Le ndei i aborie refereed to and und( rs lands tt at in reliance upon, a nd
in considenalion of, this waived, relinquishment and subordination, speclific loans and
a dvanaes a ne b( ing and will be mad( and, as part a nd pante I I heneol, specific moneta ry and
of I er obliga tions arae being and will be enteiied into which would not be matte or entered into
t ul fon said nelianae upgn IhN wavier, nefingrlishmant and subondination; and
(d) An endorsement has been places upon the note seauned by the deed oil trust fir. it a bane
merit tone( 1 hat said ( lead oil trust I as by I his in sl dumenl been s ubondinal ed 1 o tl a lien on
cha nge of 1 he deed of I dust in fla) for a f I ender a t ove ilellemled 1 o.
ISICINATURES APPEAR CIN FCIL LCIWINC I RAGES]
INITIALS:
FD -46A Cl TA SUBORDINATION "A"
(ILil rra) (EXISTING DEID 01 TRUSlI Ta MEvI DEND 01 TWIST) Iage Ila. 3 of 3
All 11: 668-42: -03 and 698 =1
NOTICE: THISI SU BC11RIOInAITICIN AIQREEMENI (ICINIAINSI AI RROVI9ION WHICH AILLCIW511 HE
AERWIN CI9LIr0ATEID CIN IOU R REAL RRCIPIERTY SIECL RITY TCI ORTAIIN A LCIAIN AI RORTIOIV OF
WHICH MAY 98 E)l REN DED FCIR CITE ER RURPICISESI 1 HAIN IN PIROVEMENT CIF 7H E LAR 17.
WHEREAS, this Suboidinatian Agneemenl t as beer) exectitec as o1 the dale firsl wnitlen abode.
BANK:
SUNWEST BANK,
a Califa nnia Wnffing carpa ra tion
By:
V ice Pnesidenl
RD_' N I
(s i ibora)
AGENCY:
SAN JUAN CAIPISTRANO C:CIMN UNITY
A IDEVEI OPN INT ACIINCYI,
a public body, carpgrate and pgIii is
By:
Dain H. Adams
%ectihe Oireclor
ATTEST:
Bv:
Nanganel Montan
Agenq Sednetary
APPFXN ED AS TICI HORN :
By:
\Aoodnufll, Spradlin R Smart
Omar Sa ndova I
AgencM Sper ial Council
INITIALS;
ULTA SUBORDINATION "A "
(EXIST! NG DO ED 01 TMLIST TO I IEW U EEO OF TRUSTI
Page Na. I of
AA N: 668-421-03 and 668-1, 44
BORROWER
Ha k ital Im H l rn a nity a A Or ang a County, Inst.
Calilomia non-plofii, publia benellt ccrporatian
By: '3t X�9�
aron Ellis
Executive Qil ecta r
IDI 411A (ILTA 9UBOI 0INA710PI "A"
(SL I c ri) (BASTING 0 0111 OF TRUST 70 NEVA DIIl1D 01 TRUSTI I aye Na. 11 of 3
PIF N: 668-42]-03 and 668-421
EscroMi No.:
Locate Na .: CIIFNI D� 73-0� 73 -04 51.-0: 1211 I S 47 9
Mid Na.: 48-7]5119dI;g0]
EXHIBn „ailf
L CIT 1 CIH TRAC:TI NO. 17027, IN THE CITY CIH Sl IN JUPIN CAF ISTRANO, CKIUNTII CIF ORANC 19, StAlt CIF
CALIHCIRNIA, PIS PER IV M ROCUR11 RD IN BCIOK 891, PAGES 26, 27 FIND 28 CIF MAPS, IN THE OFFICE CIH
THE CKIUNT1 RE(IORCIHR CIF SPIID C:CIUNTI'.
EMOHPTINCI THEREHRON THE WATER RIGHTS ]NOI. UDELI WITHIN OR PIF PURTE3NPINT IKI THE LP ND PLS
DEOICPfTED IKI THE CM OF SPIN JUPIN CAI ISTRANO CIN THE CIM NERS STPFTEN ENI CIH SAM TRP Cr NO.
17027.
APN: 668-421-03 and 698-43 ]-( �I
FD-, 6W CUTA St IBO RD1f IA TION "A "
(i i ibora) (EXISTING D■9D Of TIRIST TO t IEW [ RED a f TRUST Page P o. 5 a f
APN: (168-421-03 and 668-42:
QALL SIIC N;ITURESI MUSiI BEI ACIHINOM11.11 AGED;
State of Califa rn is )
County of�� )
Cin _ �D e ,6wK be k 19 , 2.0n 8 bel of a me,
NIaA --•RGtG[`)4 i l.Gt Notary Public (here ins it name and 1 it leaf the offieei ),
personalfy appealed
y it o proved tome on the b< si: of satisfactory evidence to be the pgrson(*wha se name(Q is,laFe still sci ibec
I o tt a v ill t in insi rumens a n d aaknoN fledged I o me that t e, j 6 y executec the same in t isjIllerydhein
at it hor iced capacity(jes), and tt la t by hi! /%wAhe� : ignat ui e(s) on the hist i umenl I he pg rsa n(*, or the enQ
upon be hall of wl ich I he persa n(4r,) actec , executed tt a in: ti umen t.
1 certify under PENALTY CIF PERJURY under the laws of the State of Califa rnia I ha I he lot egoing paraglra gh is
I i ue and airrec .
W Milli! �
Signa ure
Sti to of Glli oi n is )
Cotint� of ®(-04g C
)
w®r GRACE VILtj&AI —
CcrrrnWkn 41 1696M
Maley Ribmc - Calro0*1
Gram COU*
118:1 Ajall
an D�mI� 3l , 2� before me,
k - FA A . 2 D55 Notary Put He (hE i e insert name and tit le of the a Maw],
pgrs onally appea rex .5i- AKC1r, 0 [_(.i5
who piovec to mea n t e ba: is of sal f., factory a idence to be tl a personWj v+it ose name(&) is)jaw ubsaribed
to the within in.trumeat and ackaawledglec to me that-td,jshe/thW exeauled the same in 49s/I erAheii
au- t oi izec capaaity(M ), and tt at by his,lhei /Meir ! igna tt ire(s) a n 'I t e in! tnumen t the pgrs on(s), of i he a ntity
upgn behalf a f whict the pgnion(s] acted, exeaul ed the in f I rurn enl .
Iaerifyunder RBfIALTYOF118P URIYundei the IwAsaftta5talaofGill onisthat the faregoingparagaphis
true and coriect.
WYTNE:
Signatu
68
R11A A. Fol s
Commkislan Al I113; 162
(Se a 1j Notanl Put tic - COHN rr to
Ctrango Counill
hvcomrr t eaApr 1!, 2011
ID -40A CI TA 9UBURDINATION "A"
(rut ora) (EX ISTD G DEED OF TRt ST TO NEW DOE D 01 TM ISil) lage Na. ! of
AIPN: (168-421-03 and 668-42_ F
IIALLSIICINAMURES Ml1S"1189 AI(IKNCIWLEG GIED]
State of California ]
County of ]
Cln
Ix fore me,
Notary Public Qhere insarll name a n d tit le ofl We officer],
fxlrs onally appeanec ,^
rniho pnove d lo, me on ti a Basi: of satisix d ory e� uidenaa td be tt a per. on is ] whose name (s) is,lare subscribec
to I t e wil hin instrument- and aaknooiledgec to me that t e/s he,�t ey exeC itec the same in 1 is)1hi it ii
a Litt a sized calpa(ityllie: ), and ti la t t y his, It en/I help signa tui ells; on i he insi numenl 1 he Nl rsc n l: ), a n tl a eni'ty
Lip on behalfl ofl v It icl t he person Q: ) i d ed, exeaul ed 1 he ins trumen t.
I certify under A B NAILTY CIF PERIURY Linden It e laws of tt a State oil Califonn is 1 hal the fi a ing ptlrag raup h is
true and aonnect.
WITNESS my ha n and officia I seal.
Signal ure
QSeal)
Staie oil Califlonniz )
County of _}
Cin
, peri a n alliiI appeaued
tac fore me,
Noti ry Rublk Qhere inserlI name a ad title oil the of ioan),
v it o pi avec tome on the k asi: 011 i tisIlacta ry evidence to be tt a per. on(! ] whos a nam a Qs) is, ja ne sub: cnibed
io ti a viiihin instnumenl and ac knovdedgec io me Thai I e/: t e,M (y executec the same in I isj1hen/d air
at tl oniaed capac ity(ies), and t hi t I y M/1 a p/h helps ignat umils ] on 1 he insi ilLumeni 1 he per on(! ), a n tl a entity
r upq n be hall of v Lit ich 1 he person Q:) ac ed, exeaul ed 1 he insi nument .
1 aertify under PENAILTY CIF PER] URY under tt a lams o fl the State oil Calilonnia tt at the Ibnegoing paragrapt is
t nue and I aorred .
WM ESS my ha rid and official s eal.
Signal uI e
QSeal)
ID -46A1 CI TA SUI ORO INATION 'A"
(Subcr) (ExISTP G DEED 01 TRI IS -1 Ta NEW DEEID 01 TRI IST) I age Na. 0 of:
F F CIM199CIRY fii CITHI
Rofsre mei s h the bins above are for I at de ra I Ise only and do not i€mit the applicability of this document to ei y F a rtiaular lea or
Any Item above contain€na """' has been omitted due to text length limitations.
Bonlawl r: HAI IT Al 10 R HUMANITl1 01 ORAIII I COUNTY, Lend! r: f LINWIIST SANK
INC. Gorr more lei E at king
3200 SOUTH RrICl BY I TRI ET 17542 EAST 7th STREET
ANTA A t1A, CA 9270 5 TUSTIN, OA 9: 780
PI Inci; al ,ifImount: $1,200,018.00 0att afl Note: Ce4lmbl r '16, 2006
PF 0 MISE 110 FAY. HA E ITA T FOR HURIA I iTY OF ORAI GE COUNTY, ItIC. ("Borrower') 1 rocnfeas tc pay to SUNMI9T BAIIK ("Lender'), or
ardei, II lawful money of the llr€teel State s of Ammic; , the i rh elpal IlmausI a 9 r Mllllan THIP Hur4Ired Thousand 8 Of / 00 Dollars
(91,100,000.[0) a as rrud s: rra)1 be autsUWing, together wltl It forest or tto anlaid outst: riling in rail al Ialance of earl odlar i e,
ca culato cl as ties+arlbei It It a "INTI R ESi CALa LI LAi ION METHOD" pan gra pt us It g a i Into rest n tI a 5.104 °h . Intent t shalt la u h ulate I
from tb dal, of each adSano i until npaymsnt of aaeh aeivanca. the inten sl- rate ma) ehanip dueler the terms a of car cll lone of It
"INTIIIR ESi AFTEF DEF AUl T" sectle i .
FAYMENi. Ba rrowe r will pa! I this tot n Ir om psymi rt a f all autstancling 1 rh dpal pit a all at crus d I J, 1211C Into rest a n I eceml or ] 1, 91 ' , it
acldltlon, I anvwer will I all n lit lar mentt III payments o all accri e ur pelt In tort at due sl- of eacI IaymsrI date, begiraing Fal marm d, 7[09,
witl l all : ubs, quer t lateresit 1 aynlerds to bt due of Ills some dl)1 a on In mord after that IIrItso a herwh a agread or regtlirei 111 al plicae la
lavti, pmyml r will be applied I rst to any accrued unpaIt interest; they to I lint 11 at; tl ei to aryl tit Fah a Iiei tion o of ts; arM It on to at y late
atargas. Borrowei will 1 al Ler de r at Lantlei Is at Wirt as i hown above a at aue h ether l lace as Lontler may co sign ate in wr ting.
It TERES1 CALGLILATIION METHOD, late ret l on this Nato Ii comlutetl of a 395!700 taxis; that Is, Ly appl)Itg it rarlto of the fob real rate
aver a yaor of 3&0 1 a)nl, mulllpll c t!1 the otost riling prlr all at balai ca, multll lit of I y the doual number of days the I rnolpfI balano Is
otrtstant Ing. All Intl rest pallet; Is ur der dila Plots Is campnEecl uslrg this method. This calsLill tlor rrothod niauits In a I lgt er effeetil a intan at
rata than the nt metric inten at rstE stated li this I lots .
RRERAYMENi; MINIM UM INTI IF ES7 CHARal . Berrewer agrees if lot ell tear foes at d atl er Irepolo Inance al arges are earned kIty e s of the
date of It le loan tnd vi Ill i of bI atlbjec to re(lInc I upor eerl)l I aymer t (wl ettler tialurtoryl a as a rosiill of Ilett ul ), axci pt as ottletwit a regtilretI
b)l law. Ir ■rII ei at 1, eves LI 101 fust pre paymsrt of this Na o, Borrower ur dorstar ds that I at der is or titled d a minimum Interest charge of
$10,041.00. 011 er 9 or Borrowerls ablll a11on to 1 a) at y mirimum €nteres dlarge, E onv~ mall pall will out pent N all a a porlkir of the
SMI It awed I at In 0Ian It Is c us. Early 1 aynleI is will not, ur lass agreed to b)l Leader it writing, relleva Be mowet of Borrcwerit of 1194fer tc
orltt ua to main payrriart of accrued unpaic it ten at. Rattler, i at y pa)Imer is will reduce ttla prir cipal It atones clue . Borrower agrees mat tc
ser d Ler der pa) mer is marl ad "paid In frill", "wl hot t recot n e", or similar lar gt mei . If E a mouser ser ds mud 1 s paymer t, 1 ender may accept It
N ithot t to Ing aril of Li rH ells r gt iII undt r ti lis Note, and Borrower will n main obligated tc Iall at y fur ter amour t oweid to I ender. All wr'ttan
dommur Icatior s concert It g d€:r puted an ounts, it cludh Cl at y d ask or oft or I WIE I t lnstrrl ni ant Ont inclicates that the paymort cot stihltes
"1 synle nt Is Il of thls amount omid or fllat is ter do reel wiff ottar eaaclitiors or Itmitallai s Ar as frill satislactior of a cllsl uted amount n l-1 t be
rralled or deli, eretl to: SUW ESi BAr t , Nate DE partn at t, F .0. f OX 1021 TUSTIN, CA 027a 1-1024.
INTBREI T RESEF VES. Borrower aunt orizes Le ncler to I last $128„ 00.01 of it a hrh aipal An ount as an It tares rase r e, wt €ah is as estimate
of its it ten st dile on the Note ("Int{ rest Rt serve'). 9orromiter may pay ii teres due d€ractl) to U nilet. Is the a%ont E orrovser does i of mat a as
It forest F a) roe I t, Lei dol r ma! I auton atict II)l Ile I luc the intern 0 due fns m We It terE :I t A es erve on Me da ) Mlle payme i t is clue. la teres t vAll
acs rut , as de,Icnibad In 0 i Note, an . maul Ls clechicted frdm the Inerest Ro serve, It Tile avont tte Inti rest cue order tills Note axceel s 04
It teres t R e s en a , Borrower w'll pa! I E i cried t o p■ id it to re; t W e a t lut a cccsn is g to file terms of ON Plots. l Ipor mahl rity, L.endt r v Ill not
sch ance or dill urno the remaining Irtsres t Resell e, h an11, to Bormwar. Tho pr'ndial due upol rnatui ty will r of loclude E rill rematnlnfl Interest
Re ser e.
LF TI 1 HARGE. If a psymer t Is 11 Halls or more lata, O orrt wer w 11 1 e charged 5.101 I h of die w pall pinion of tt t regularly a c l ecluiecl
I a) meait or 95.10, wt Ishal er Is gniatar.
INTI RE; T AFTI R DEFAULT. Ulon dafat It, the it terest rate an ttlis Nota st all, if 1 oimitted under al plical Is isms, Immaclletalll increase I y t .000
pc rcentr ge I oir ts.
DEI AULII. Het I of ttlo foliow€I g s hall carr stituts as ei at t of default ("Ei at t of Deft I It') t ncler this Nate'
Payment I etault Bdrrv%wr falls to main at y paymer t whet dol ur der ttllm Note.
Oil on Deft ults. E arrower falls to con p1) wittl or to perform at ) oil or term, oblk atior, , cot at of t or ccxditim conte Ir ecl It If Ila riots or III
ar) of thls related documents or to can F i) wdtil or to perform at,I terry, obli91atior , cap at at t or eondltlor contained in an)1 a her i greerrant
l etwe ei Leaelo r ani Bormwsr.
Em lnnmenti I Delsuft. Ratltln of ar I party to son ply Kull- or leriorm wl at due an!1 tem, obligation, cove oast or condition of nti it ed in
E i iI i ni ire nn ar b I agreame I t wieci tet I In conr ed a I with si y loan,
Fat: e S tate n at is. Anll viiamal t), rE preset tatior or ste foment made or f4rr€sl eel to l eniler t y E arrower or on Barrows i's bel lalf ur der It Is
P lots or the related clocain eats is falea or mis leaclir g to an)1 materiel re; pec , i 111 or r ow or at &le tin a made or fun k had or beet me: false
or mislencir Ill at aI )I time W real er,
loset at c)1. Thi dist olutior or terry It atoi of BomcKlarh existanai as a 1: oing be sinew, els Insolvai a!1 of E arrovier, the al pall tmar t of a
n colier for aa)1 par of Bommietls Rropertll, ai y assign n ei t far We bet egl of cieditars, ar y type of creditor wort lout or Ito
cwmn eI cx mea it of ai y pn Iceeclit g t nder at y t ar kruptcl oo It soh er cy laws bY1 a against Earn war.
Creditor or f orfalture Fnaoedli gi . Camme noerrent of fon closure or farleiture proceeclh gs, wl-ettler t y judicial proceedir g, self -i elp,
reipossosaim a ar!1 attler mettlocl, b) ar y c reditar of Borrower or t!1 at Y1 go, an met ter aflei a!1 el airst at y eoilatsral si oamrir g tte loan.
ihis fnclL das' a gan ishrr i rt of ar y of Barrowierls accour 1:1, It exudir g del oalt accout to, v iti l ler der. Howey er, b Iia Event of 0 eft ult shall
r of al pi)I if there is a t ood faith dist ute 1) Barrower as to the) alit lit! or re asanabler ass of tta c alrr wl ict Is the basis of tile creclik r o
forfeiture Fmeeedir g aid if Bormwer gives Lancler vwirltllar i odes of tl le i ret liar or forfeitun proceedir g asci ( epomlts with ter der monies or
a auraiti t ord far the creditor ar forfelh re I rcceeding, it as amount cletermirecl b)l Lender, In Its ice dlscnifor, as t einil at adeg tit
reserve orbondfortlle d€spate.
Evarms Affecting Guari rtar, AIIY1 of the precedil g evi nU occurs wItt n speot to ar y 1 uararier, erdaner, Soret), ar accommodatial (arty
of drill of the Inclelte di ess or anll guErnrter, ei clerser, surety, ar moomrroclation party dies or becomes it oompetei t, or revel es or
AIITACHMEN7 2
PF CIN ISCICISY � CITE
Lo; r No: 700437001 (Conlinued) Page 2 I
c loputes eta ve Ildity of, or pat tilh i ni ar, Er ) gut rant) of the indebtedness evil ei cad ty this Nate,
I hinge In tl wnersl it . Aily dial go it riwra rst II of twe nl)-Iva parcel t (79%) or more of the com mor stod of Borrower,
Adverse Itange. A mateiriti aclvErse change occurs in Iarrowees martial cars ilial , q lender befievos tit prespact of payment or
performs net of Wlia Nate Is impaired.
It adcurity. Lander it good fait) I baliemes Itse If Insuat re.
Cnim A romimWno. if at y clefat It, at It r t at a defrl ult it pi yme nt is aurae If arc I if Borrower has rot t me a give ra a i at Ice of E I reach of the
same i rovisiat of this Nate wi tit the r mica dirt twe his (12) mot the, it mia) be cured If Borrt wer, atter receivinc v Atte n t otice from
I er der i tmar sling cur( of at dl default: (1) cure the defat It w thin IIts et (11 ) do)I; or (a) If tit core Mill. Ire a more tl Era fifteer (19)
(lays, immediate 1) initiates steps Hind I I ender dean s in Ler der'; sole c iso etioi to be suffhaient to can the default aid tl area fter
cot tit cies and aon[rleus all roasoru tle and ■e cam oar) step at flltlent to traduce compliance as soar as redact al ll prEotical.
LENI EF'9 f IGHT11. LIF or dafaLIt, Lerner m[a) dialers tN entire nrIaid pr'nailaI balance ursl(r this No a ant all accnall Lii pai() ink rest
in m( diatd ly etre, aryl tiles Bomowi r v ill pay that amaual.
ATTOI IIEIYi' li E7PEiI4Et . Lender me; hire or p ) someone aIse to help collect tt is Plate if Borrower does mat I a:. Borrower Hill pay
Lent er tht t amaurit. This includes, subject to any Itmfls t rider al plical is It w, Leriderls at arateys' fees and Lenclorls legal expenses, whether of
net tile n is a law. ILII , including attarroyil' feaa, 9: irrimea for bani ruptcy rroceedingt (ireluding efforts to ma till or rucato any au off ■to sts y
or injundior ),a ncl ■ppeE Is. E omawer Elm will pay any COL rt a ate, in a dclltior to all all er s uma provided t y law.
JURY WAIVER. To ole axlent permitted 1 y a; plical Ie laws, Lancer an( Borrower I arab) wative the rlgi (to Emy jury tt at it at y adios ,
1 rotes ding, ar caur to cfalri t rought 111 etlher i ender a r Bem wo r riga ii at do otler.
GOVE RNIIIG LAW. this ilcto will be goiiernet I )I fel en 1 law! al I Na t le to Londel at d, to tt a ex en rot pret mpted by fecleral laws, the taws of
tt a Std to a Callfom la wiff out n gird to Hs arirlicts of favn pro, dolor s, 'it Is Ila to has bel r acoal tecl I )I Let der In tie SU to of 0allfomla,
a HOICK OI VEEI ILIB. If 0 era is i it ws uh, B anuw ler agrees t pori L rileer's ra 0L a st to si It n It to t le jurisdicilor of the cot r s of ORANGI Got my, ,
State of Callfan ii .
DISI ONORLM ITEM FEN, Bomovier mill pay a fee to I ender of 1178.00 if Barrower makes t I syment an Borrower's loan and the check or
pre aL tl or ized d laq a with wt ich E am war pays It later + list or ore c 1,
COI LATERAL. Borrow or acknow at gas this f ole Is secures b)I 1, a Dded of Trust dated December 11, 20C 8, to a trustEa in ChAir of Lent or of
n a1 prolorly located at 3.80 Adn s Bast I rc of Cdlle Rolando, San , Linn Cepostrano, CA 97879 In On nge Count . Tilal elmirriest cortteirs
tt a f(lllrnndi g dtte or sale pn ulslon: SuEject to the r artli I release pruniilior four c in Ole Cdnotruction I Dan ALlreenleit and Deed of Trust,
I ender reap, i t Landed, option, c ealon imin will tel)I due and I ayPble all at me saaured till tl a Deed of Tn'•It til on if a sale or tN Was, *1 t of t
lenders prior wrltter cor vest, op all or any I art of the Real Property, or am)l interest in the Felt Pralrerty. A "sale or trot afar' means the
ci[mrayarce of Real Firs rarty or et y rit ht, this or interest In ole Real Froperty; wt eller lel al, I at efcial or ectuitatIt; whether volt nUrg or
Imtoluetary; wd ett er i y outr'gl t sale, deed, initil lirner t sale contrac, tat d cot trac, contrac for c eed, leitBehold interest witl a term gn ater
than arae (9) :lei rs, lease-oflticn a ntrtat, or It sell , asaillnmerd, or trEasier of at y benafUal late rest It a to at )I lar d treat I olclir g title to it e
Real f roperty, or t y at y all air method of conveyance of at inter st in the Real Pm party. It at y E arroweir is a corporation, partnership or limilled
Hall fifty comipan)I, transfer also inaltides in, dial go in owner) ip or more It at twat t)-tvim percert (2994) of the toting :tod , parte airship
It terest or lin lb d liability compan)I It terei til, as ole cava may bi , of sunt Borrower. However, tlts op ion aha Il net be mxorcisec b)l Let der if
auch (;Ian Ise is pn hlbited b) lam.
]. UCC Bix um t ling at d : esuiity Agretrrrcnt dated Deva n bi r 10, 20(18.
LING OF GREW. Tlils f lots evicler ces i strait ht line of cred'rl. Or ca tie tatil i amour t of principal Iv t bet n edrtarcec , Borrower Is no embiled
to hir her loaf advE ncats. The fallawtr g person or pens( no are mutlortlei to n quest siMirces and authorize 1 a) vents Lr ddr tl a line of creclt
Lntil ler der recefvrls front Borrower, it I at der's addreits ahomn above, miritlet no Ice o remocatlor of acral au horny: ALL Ag11ANCIS Will
BE I ANDI 90 TI IF OUCH "FIRS' AMERMAN FUND CONTROL". B amanier agrees to be lhible for all suras alttler. (A) advar cell to acoorclar ca
wth Ole inatnlctions of or aur orizei pi man or (B) cnldited to dn)l of E orrowerls socaunUl with Let car. The unpold prirclpat t a[anee ow[sc
on t1 Is Note at any tiro a may be emidtl ncec 1 )I endorsements an this Nato or t:I Lent erli it terntal fetors, induc It g c ally compu or pilot-ci ts.
ARBIIIRATION. Berrammr at c Lancer mgm tat all i isputes, clains and eontnvom& a between than whether Individual, joint or dash In
malnre, at'slnll frdm this flats or otherwise, iralading wtthaut llin i tion con rad and tort (IlopLaw, shall bt art itrated pun rant to if a Rules[ of
to Amcrlcai Artitrall or Adaoriiadan Ir eAleat at tl a time the alsim Is Mat, ulor nciues of etther party. Ila act to take or clspoae a at
collates I sectirir g tt is Note shall constitute i walver of t is artlltralloi aiimerner It or ba pre 1 Ibltec by tl Is art A ratlan egret me nt TI is It Cut es,
wttho(it Iiml atior , of til It Ing Injur ctva n lief or a tampon ry restrainirit order; Ir,fol It g a power of sale us der any c mea a trl st a mortgage;
ob elr It g a vuHt o attaahnscrt or Impost an of a reaeiver; or Brien lainil ar 11 iiifit is rill tr g to personal property, Wall dinil tilllr g or r Imposing of
seal property with or without jilt Wit prc cuss lurauamt to Ail cle 0 a tl is Uolfc mn Gorr nerafal Coca. An11 civil cab is, cialrsss, or a ntnttersl(s
ceneernir g tl a lawn Intss t r naaonal [erase of mnll act, or oxerdme of av)l right ooncerrtlr g an11 aollaterel socArlr g tl to flail, It c uc It g anll
claim to nmctrd, relerm, or at emisa modth mnll agreement nlath g to the collateral securing this flote, shall site be arl1hr.led, provided
hawaner tt at re artlitrator shall have tl In tigl It cr ole power tc arjoir or restrain on) riot of any part)I. Somivnir as of lender agree that h the
INert of or action for jut Intal fanalaours pun taro to Callfdn is sot a of Civil Procedure I ec ler 7911, or at y similar provlslow In sr+ otstlr SUN,
tl a somn encen art of sunt an adier u it i of nor stltute a waive r to the rig[ t to art Itra a at all tie cot rt shelf refer tc arbltrat'on as iruch of si ch
actloa , It clucling cotinterdi In s, as lawfc II) ma) be n ferret to arbitratie n. Ji cli lment upoq ami ewttrc ren lend t) at y arli trator mail be drift n all
in En) court haw g jurlsdiction. I othli g It ilia Nate at all preclude anti 0an)I fron sceidt g (11Lftal le n Iief hors a ea[urt of con patert
juisi icticr. The statute oil limitatleni, matt pp 1, wvdver, lastris, and alrnihr doctrnam whicl would oterwisie be applkble in at action troullht
t y a part! I shall be al pllcable to an11 arbitral or Irsc electing, sacl tie sort n ei can eat of an arbhr. tion groceedh g 911; II bi dean and ti e
cemmi r cam t rt a l at action for t rise pt rposea. Tito Federal Ari Itratlon At: shall al ply tc the conetri ctloi , Intarpn: atoi , t nd at force n at t of
this arbtntler 11rmilslcr.
SU008600R INTBRE113. The terms If Olia f lata shall t e birth, g upor Barn wer, s n upon Barrowers It eirs, persona I rel restritative s,
aumcewors Ei d i stigma, ams shall inure to tl e I emefft of U nder Ei d f s successors and assigns.
GE? ERAL PB a VISIONS. if at y part of Will Note cannot to or forced, tt is fat will[ not at ec t e rear of the hold. Lei der ma) delay or forge
anfarcint ar:I of IGI rlgt is or n mecliris t ncler this Nati will out losir g them. E orrnwter at d a rill Wor rersc n wd o slgns, guarantees or at don els
011a Note, to ole extent Ellowad I )I IEw[, waive any elpitcel Ie ahtu a of timltatlor s, rresentrrort, clemand for pays at t, Incl notice of dishonor.
L pt r aril charge it ole terms of this Nate, and Llless oterw se expret sly stated it writing, no part) wt a nigra this Nate, whither as m0sr,
grlarartdr, esctxsmadition nater or endorser, tlhi11 be released frim ILEI fifty. All sLlrih parlies agree that Ler der may ro[new or oxerd
(rel ea tacll)I anti for at y let Et of tin e) OIs fear or release or y pi rty or gut rat tar or collateral; a imi air, fall to realize i per or perfect tendails
security Interest it d a aollaten I; Incl tt he at y at or adion deemed i eac i or) I )I I ens ler witf of t the cora ant of or notice to amyorla. All ouah
pe rti( it also i tree Oli t Lent er may modify alts lair m Itlot t ti a consent of c r i atiee to at )ane otler their tt a party Psi f will an the roodil ca tai
PROMISSORII N OTE.
I oan No: A111437001 (Ccintinued) ! age 3 I
is rnatle. Tla•tligaticrn: unclerthi Ncteuejoirtasclsomaral.
PRIOR 70 SIGNRI(I THIS NOT111, BOF ROY ER READ E ND LIN( IF STOOL Al L 7FIE I ROVISIONS UFT} IS IIdTE. BORRG"I R AGRGES TO THE
TIRME 01 THII NOTE.
EIORROWSIR ACKNOWL EDQE S RECRII T OR A 00 AIF LEi1L D COP11 OF IH13 PROMISSOR)I NOIR.
130111' OWE R:
HAS ITA7 FOR HU LAITY OF ORAN E NTY, IMC.
SHAJWN ELLIS, PresidenUExe. Director of HABITAT
FOR HUMAI IITY 4 R ORE NG£ COUNTY, IF Ia .
L.dM FM i .* . w . S.Q.poml CCR. w -W Rew g Wuft, M 1617. EM, .. Rb.. ft— -u +.+d—"W +o M TR -20 nu4
R ECIOR DAITiaN R £QU£STSD Bel :
SUNWES7BANK
Con n arcial aa0Ing
17542 EAST 17tt STf E ET
TUSTIN, CA 977f 0
WHEN RECIORDED ME Ill- TO:
9 UNY E ST MAPIF
Plate Dspartmant
FIX[. Bon 117E
TUSTIN, CA 92711-1076
SEND TAIX NCITICES TC1:
HABITAT NOR HUMA PIITY ON ORANGE 4 OUNT'M, INC.
2300 SOUTH RI7CHEY STREET
SANTA ANA, CA 93705 OCR R ECORDE F'S USE Of It Y
COh STRL (17 ION OE 90 OR 1 RUST
THIS DEED OF TRUST is dated Dccembes 116, 2008, among HAIR ITAIT 1(3R HUNAINI"I CIF GRANGE CICIUNTY,
INO, a (1011ornia non-pNofit, public bineflt corporation ("Tausto■"); SUNWEST BAINH, whose address is
Clommeraiai B; F l ing, 17542 EAST 170 STREET, TUSTIN, CIA 92710 (Nelewad to below sonictimes is
"Lenclen" and sometinics as "Beneficiary"); and SUNWEST HAINH, whose address is '17547 EAIST 17th
STREET, TUSTIN, CAI 92780 (nelanied ,lo btlornt as "Tiitlf tee ").
401111E YANCE AND GRAPIT. Mar naluat Is tier siclar-atian, Trustor Irrevocably grants, transfers and assigns to 7rustea in trust, wiitt power
of sale, lar tt a be nsfit of I ender as Bi nefielar7, all of Tniatoes ri( tt, title, aril irterest in and to tt a followiir g desaril ed real prof erty,
toc all a N ith all axi.tlrl or subsequartly era att d ar afibnecI I uildings, in I roverrer is and fix urea; all aasen ents, ric hes of w(a)l, and
appur enarces; all water, viater r'ghts ar cl clitch ric tts (in dui ling stook in (dilities Witt clitah or irsicatloi rill- ts); and all other C hts,
ro71altles, ai (I prolts relating to the real pre lert)l, it cludirI W itt aut tin Elation all rrir erah, ail, gas, geott ern al and similar n alters, he
"Real Pnopery") located hi CIRANC£ County, Siaie o-ICallfannia:
LOT 'I OF TRACT NCI. '17027, IN THE CIITY aF SAIN JUAN CIAPISTRANCI, CIOIJ NTY CIF CIRA NC E, STAITE
OF CIALIFOR N IAI, AS PER MAP R ECCIFRDED IN 80CIH 89!, PACES 26, 27 AIN d 38 CIF MAIPS, IN THE
OFFICIE CIF THE (ICIUNTY RE(IORDER OF SAID OOUNT)L
E)CEPTINC THEREFROM THE WATER RIGHTS INCLUDED WITHIN OR AIPPURTENANT TO THE LAND AIS
DEDICIAITED TCI THE CITN CIF SAIN JUAIN UAIPISTRANO ON THE CIWNERS STATEMENT CIF SAIIO TRACIT
NO. 17027
The Real Propl rty or Its address is son nim ly known as 3.80 AICIRES EAST END OF UAILLE ROLANDCI, SAIN
JUAN CAIPISTRANCI, (IA 93675. Tho Assessor's Panaal Numbe■ 11or 0 a Real Property Is 668-42-1-03 and
668-421-04.
7n.stor preseati,I atsiclns to I ender (also I nowi as Bons&lar)l In this Dead of Trust) all of Tnistor's tic ht, title, and into rest in and to all
I: reset t and future leases of the Property and all Rr nts fron the Property. Ttis is an at salute as0grment of Rents made in nor nectlor
wiitt aii obllgation i ecurecl bil res l I raperly f un ua nt to Q a lifornia Civil Code ' ectcar 2938. Ir adc ition, Trustor c rants to Lit r der a Ur ifarm
Con marafal Ca cleseaudly interest in the Rerzonat Prof erty and Rents,
THIS DEED OF TRUST, INCLUI ING THE AS 3IGPIMI FIT ON RII 11TS AP16 TFIE SEPI LIR ITY IN7EREI T IN THE RMNIIS At ID PI R SONAI
PROPENT4, 13 GIVE N TO SECURE (A) F AYME NT ON THE INDEBTEDNESS AND (B) PER ROMANCE ON ANN AND AIL OBLIGATIONS
OF THE TRUS1109 1.11M E R THE NOTE, THE RE LA -IED DCICUMINNTS, At ID THIS DINED OF TRUST. THI1 a E ED ON TRUST, INCLUI ING THIN
ASSIGNN ENT OF RE LITS AND TN E SECURIT1i INTEREST IN THE REINTS AND I INRSONAI F ROPERT)I, 13 A ISO GIVEN TO 3ECUR 0 ANY
AND ALI OR TRUS70R'S OBLIQATIONS WIDER THAT a INRTAIII GO? 13TRUCTION LOAN AGREEMENT I ETWINEN TN LIS TOR AND l ENDS R
OF EVEN I ATE HINREWITH. ANY INVENTOR! a INFAUI T UNDER TI EI CION37RUCTION I OAII AGREINMBNT, OR APIII OR THE RI LATHD
DOCUN ENTS RII NERR E D TO TFIBRER I, SHALT ALSO BI AN EVENT OR DEFAL LT LIP Ia INR TH13 DINED ON TRUST. TH13 DEEI OF TRI137
11 GIVEN AND ACCMI TED ON THE M( E L041 ING Till R M11:
F AYMOI I7 AND I II R RORMANCE. flimel t as ott a rwh a pro vide c it ti - is Deed of Trust, Trustor shall l a) I to I Ender ail a mauli is sea i fired I y
this Dead of Trust as they I e(xn a due, and sl all stric 1)I and 1i a tln ef)I n am er I erfam all of Trclstar'a abligatier s under If e Note, tl is
Deed of Trust, aac Ila Related Dacumorts.
CONSTRUCTION N ORTGAGE. TI is Dae( of Trust t: a "construction niarb age" far tie f Urfla+ as of Sec iors 9-334 and 7A-309 of the
Unifoml Qamrreraial Code, as those sections t alre I een acloptec blithe State of Qallforaia.
POS3INSSION AND MAINTENANCE OF THE PROPERTY. Trestar agrees ttat Trustoes possession and use of the Proper, shall be
go, re ra e d I )I tt a follow Ing provisioii s:
Passeaslan and Llse. Until the aaanrrenae of a;i INvent of default, 7n stor n ail (1) remain in possession and cantral of the Property;
(3) c so, of era to or manage the R rol ert11; ar d (3) collect the Rents from tt a Praparty.
AT1 ACh M9h 1 3
E EE Cl OR 1 RUSi
Loaf No: 7004 370 0'1 (CIan1 inued) Page 2
1
Duty to Malrtalr. In. stor stall maii tair the Pro part, I it tei astable aarditian and prom ptl I partorm all repairs, raplao err er ts, and
rraintenanse nemessaryl to presersE its lialtie.
ilcrslHat ai Witt 9milrorrmei tal laws. Tn star represents anti warrai is to Lander It at: (1) Ouring it a period of 7rustor's awrership
of the ill rope rty, there has l een no use, generation, rranufaattlrE, storage, treatment, disposal, release or It reaten E+1 rEleism of amyl
Hazardous Sutitamoe t y anal lesson om, under, about or from tl a Prol ertyl; (2) Tn star ti s i a H avile(lge of, or rcasom to belie+ie
that here has been, E:laapt as pro riiaiisI)I disolased to and aakr owledged I l,l Lender in viritiag, (a) at )I breast or +tiolatiot of at yl
Emtire nmei tat Lim is. (t ) at ll use, gar era lion, n antifeiaturc, storage, trsatnei t, disposal, rElease or tttrotter ed release of amyl
Hazardous Substarce of , under, about or frons the llraperty t y i ny prior avinars or ocaul ants of the Property, or (a) an11 actut I or
tl reate ned litigation or claims of at yl kine I t y i r 1I I ars or re lating to s t ial Mai a ri ; and (a ) Edea pt i s previot is I)l die aloes el to i rd
aoknvwledgeil t y Lender it writing, (E) neitl or Tn star r or at yl ter amt, cantri ator, agent or other i utl oi'aecl user of tte Proparly
st; Il ties, generate, rrarufEctLire, stare, met, dispose of or release at y HEzan Gus Stltstai CI on, under, at ort or fn m tie Properly;
ird (t) any stic) achiit)1 shall be not clncled in comllianme wiitt all al plical le federal, state, and local Itws, re lulatiens and
ardirat cis, irefuclii g without limilatian i II Enviror mental I avis. Trt star alittarizes ler der and its agents to enter upon the Propert,l
to make seal inspcatiam at d tests, at Trustar's etpense, as Lender mall daEn al lroprii to to cletemrine coma Ila rile of the gropert11
wtitt this section of it E De a41 a f Trust. Amyl it spec ions or to E is m i cls t y L ender 9 t all I e for L ei dolls ; urge s e s a nlyl i ni I st all not be
clorslrued to areata an)l miI:onsitility or liabilit} or the I art of LendEr to Trustor or to air,l other I ersoi . Tfe rail resartatiars En(l
warranties contained hareir are tared an Trlstal'I clue diligence in irvistigatitg the Property far Hizarclous Subatarces. Tristar
hareb)l (1) releases i rd wa ries En)1 future alEtms agiit st I emcler for inclemally or contr'butian it the event 7rtitor 1 eiames lial Ie for
cleanup or oil er casts uncler any Iumh l; ws; and (2) agrees to inden rlN, defer d, and told harmleiis Larder against En)1 and all
claims, losses, list Hill clams get, penalties, and exlet ses vthiah I encler mall ciireetlll or it clirectlll sustain or stiffer resulting fron a
breach of tt is seatian of it a Deed of yrtst or as a aor eequeroe of any use, genention, mar tlfi ature, storage, disposal, release or
ti re ate ne d ri lei se otos irr'ng ; her to 7rus lot Is owl e n t it air intorest in the F rop arty, whett er or net tl e s E" e vias or st oulo I i ale
1 ter ki ovin to Tn star. The lrouisinns of this semtior of the Ileed of Trust, inatu(Iii g the abligatiar to indamt ify and defer c1, stall
surra+ie the ;aliment of It a Inclel tedress al cl the satishctioi i nd reaamto, lamas of it iter of this Deed of Trust and stall not to
afleated b1I Ler dark amgnisitior of at yl it terest it the Prol a rt11, vihetl er t y forealastire or ott erwis e.
Nuts anae, Waste. Trustor shall not aausa, conduct or I amnit at yl t Lilt at ce nor commit, ; ern it, or stlfler or y tits'; pir g of or waste of
a to it a Properly or at )I I artian of the F ropert) . Without limiting it gemeralitfl of the foregoirg, Trustor viill rot remove, or grant to
an)l other Iart}I the right to remol to, any timber, mirarak (tnatudii g ail ird (jas), coal, a1a)1, smaria, soil, grariel or r(10 procluats
wttthout Landoei ilrviritten ca ns en t.
F emotial c IF Iml rovtn ants. Trustor shi 11 t at darnaIle I a re meva amt Iml ro�ierr at is from tl a Real Prol erh without lender's pria r
written aor sort. As a aoi clition to the remotiai of i r11 im1 rcvemerile , L.ei cler mi yl require trustor to n al a arras gerret is satisfacory
to I ei dor to repli ce suet Improvements vtith iml roiiemei is of at least equal rtalue.
Lentlete Rlgtt tt I I r ti r. Lender i n i I l ei cler's agents a i I repreeer tatives mi ll anter upon it a Real Pro party a t all ntasomal le ttnow to
atter cl to Lem le is interests End to it s1 act the Real Pro lert)l for purposes of 7rus toes camil Ili nce viith it t terms and canditians of
11 is [IQ ecI of 7rus I.
Ca ml Ila nee with 11 c vi rnrner ti i Rr qulremi r to. Tn s to r a he 11 pn eptly ca ml 1)1 wiitt a 11 Is we , ordim r ces, a d regulatiam, nowi or
I ermatter it effect, of E 11 go%ierr menti 1 autl asides al plicable to tte use or aamupEnay of tl a Pro; ertl1. it cludirg wtitlotit limitalian, it
Americans Nlitl Disatilltles As I. Trustor na)I cortost it goad faith ar11 siial livi, ort ii ante, a regulatioi End witht old us ml lit rise
clur Ing a i )I pro ceeding, it clue ling apt rol ria to a pi eels, it a la ng a it Trus for I as no tiger L er i e r it wtr'tir g pi'a r to cloing s a d s o lot g a s,
in I ei c ea is sole on it Ion, Ler dorls istereeto in Or F rcpertl a re r of jeonart lee+I. Lander n al ret ulre Trustor to post aclegluato 1eaurit,l
or; stire t1I bard, re as or at 111 si Usfactory to I er der, to ;rote at I ei ( er's Into rest.
Duty tc Protect. Trustar agrees i alit er to abanilot a leave ui site rdod ti a Property. Trustor sl all (o all otter eats, it adclttion to
tl aso acts set torlt at o)te In this seetlon, vfila h from it ataracter at cl Lisa of t1 a Pro;ertll are reasanst1)1 necessary to protect and
preserve t1 a Property.
Construe lots I oar. If some or a 11 of If a proceeds of it a loan creating tt a It clettccli esu are to to use( to car strict or complete
aonstruation of aril Imprmien eats an tl a Prol erty, If a irnprovemer is s1 all to aompleted i a later tl an It a maturity date of tl a Note
(or Enol iailler ( ala Es Ler der mall reasanabl)l astablist) at d Trustor shall Iall it full all costs am expel ses it connactior with tl e
woril. Lender will clistiirsm Icer praceecs tinder suah terms and cardltlars is Lerder n ay cleam reasonably nacessa rA to imstire ti at
It a irtarest csmatecl b)l this Doer of Tn tit shall ti %s prioritll over all passu Its liens, Including these of material suppliers and viorllrror.
Let der mall ret vire, am ong ott er 11 Inge, 1:1 at dist un err ei t requests l e stipn arted b)l re cei; tecl 1:11h, axil aflldal iits, w4 hiers of
liens, canstrt c ion progress reports , and such other daatimentatiot as Lander rr all rmaecnably regiiast.
TAX13 EIfIR LINFIS. Tte fallawing prouisiors relating to tl a taxes and liars at the Rropertyli re part of this Dead if Trust:
Pa)lrment. 7ristor shall pall wt e■ due (at cl in all averts at least ter (10) (alit pn'or to (elin(Liercl1) all tastes, special taxes,
assessments, ctarcea (ir aludirg water at cl sewer), fines and tmpasitiors levied against or or account of tte Pn perty, and stall pay
vihen clue all claims for "KAl clot a of or for seraiam rtnderecl ar material furrial ed to the Property. 7ruator stall mail tair the
Pre; erlll fret of all ilei s I aving I riority aver or ec ua l to the it terest of L of der uncler tt is Heed of Tors t, wicept for the lien of taxies
a r I ass ms s mi r is not clue a r I e xce; t as otherwise praviclec in this Deed a f Tres t.
Rigl t tc slant( st. Tristar may vitt hold palm ent of anal tax, assessn et t, or alsim in many eatier with a gaod faitt disputa aver the
abligatior to pay, so tong as Lendtir's it terest in 0 a Praperl)l ie not Jeopardized. If a liet arises or is Bled as a rasult of r ompa)lment,
Trustor stall viithin fifteei (1:) dayls aftt r the lion arises or, if alien is lied, withir fifileei (19) days after lrstor has rotica of tl e
filing, seaure tte disaharge of the liar, or if requested b,l t emcler, deposit with lei cler cash or a sufficient aorllarate suretyl band or
all or securit)l satisfactory to Lander it an art otint s Al to dismtarge Ile lien plus at }1 masts and attorneys' fees, or atl er eta rgm
that Gould acarum as a result of a foremiosure or sale urder Ile lien. In any contest, TmEtmr shall defend itself and I emcler al cl stall
satisfy an,1 eduersii judgment t efore erforaeffent agatnit the Properly. trustor shall name I emcler as an additional of ligee under amyl
suret)I band furnist et in Ile act test proceedings.
[BED OF 7F U S7
It an No: 700437001 (Cc nlinued) Page ;
9viclance of Ilayrrent. Trustor shall tipan denar d furnish to Len(ler satisfactory c vidanae of pa)lmest of tie U xas or aasessn ents and
E all authorize the appropriate gwiernrt ental affiaiaIto deliver to L er di rat an)I lirra a wiritter Ila temart of the tapes amcl assess man is
al air st the Property.
Notie( of Comstructlan. Trustor stall rotify Lender at least speer (19) cla)ls before an)l wiarll is commenced, any 'services are
funtishec , or any n aterials are supplied to the property, if any rreohar it's lien, rraterialn en's liar, or athar lien mould IE assert(d an
a acaui t of the marl, sermtees, or rraterials and tie cast exae( ds $111,400.40. Trustar viiil upan request of Lander furnish to Lander
aceta nae assurances satisfaetor) to lander ti at Trustor can and will pall ll a cost of suah irrim, sn ants.
BROPER)1 DAN AGI INSURANCE Tt a fofiaviinc provisions relating to insurimg tl a Prapar y area partof this Dted of Tnlst.
Nalntananca of Insuran(e. Trustor shall prmicure and maintain lalicies of We insurance wiitt atamclan exerudac ce,termge
enclorsenents an a rel laaement basis for the full insurable value ao)erirg all Inprovernents or lie Real Prolert) in at amount
sufficient to a, sic apt liaatimn ofany eainsurat ca clause, and viith a standan rrorlgagee clause it fa, ar of tender. Trustor -41 all also
procure and rrairtain scniprat( nsHe general liatility ir:turarce in suet cave race amounts as Ierdar mayl request viitl Trustee in(
Lent er 1 cit g man ecu as ad( itiomaI insureds in auah Ilal lilty issiuranae pollaies. Acit itianall)l, Trtatar shall maintain suet other
issuranae, including but toll lin ited to h( zard, business ii terruption, and bailer insurance, as Lender rra)l reasanablyl require.
Notwuitt ste nding tt a forec oir g, in n o event shall 1 rustor t e required to p o -w ide I azo n insurance in a ncess of the rel laaerra n t l ialue a f
tie inproNernei is on the Rtal Arapert,l. Policiea shall le virittan in farrr, amounts, coverages an( taxis ressoratill aec(ptatle to
I enc er ar d issue( I )l a can nary 4r oompanies reasoi ably maneptable to Lender. Trustor, upan request of Lem er, viill c eliver to
I ei cer from time to tine tie policies ar carlitcates of fi suranoe it forrr satisfaator) to l ender, inaluclii g stipulations tt at aolieragas
will not IE cancelled ar dimtrisl ed mutt out at least tt irty (]0) days prior wn'ttea r otic( to Lander. Enal insurance polloy also stall
inalitce an endors err ent providing th at ao%erage is favor of I encler wiill not be in paired ie a n)I vuay t y amt act, an hsian ar default of
� rustor or ary ather lersot . TI a R( al A rapert,'l is or will be laaated in an area desil rated ty tie Direuctar of tl e fl clerl 9mergenay
Managernei t Acema,l as a special taod hazard area. Trustar agrees to abtaim an( maiatair nocleral Blood Insurance, if m>ailatla, far
th( full unl aid priorcipal balance of the loan and amyl prior flet s antic proper y seauring the soar, lug to tt e n aloin urn polity Knits set
ut clar tt a Nalfomal Flood Insuranct Procrarr, sr a:i otherwise reiluirt d I )I Lender, and to mal► tair such insurance far tte lem of th(
to al .
AI p nation of Rroi etch. Tnlst4r si all prarrptl,l r otify I ender of any lass ar clarrag( to tl a Progert)I if tie estimated most of reupair ar
reglacamertotmeeds 95,004.011. Lenderma)I n al e l roof of lass if Trstor fails to cost withir Meet (15) cla)it of tl a casualty. If In
I antler's sole judgrrart Lender's sectirigl interest in tie Rropert)I has been in palred, lendar ma)I, at I ei tier's elec lcn, receive al d
retain the grooescls of ary irsururce and apply tt a proceeds to the nodulation of the lrnlebtedreas, ga)ln ent of al )I Ilei affecting ti e
Praparly, ar tht restaratiom anti relair of ll a PraFertyl. If the gromeecls are to be al plied to rmstaratian anc repair. Trustor ahall repair
ar reglaaa tt e i aniaged or destroyed Irrproven ants it a n amner satisfaclor to Lanier. L ender si all, ul of satisfactaryproal'of such
e xp er ditu re, payor reim burse l r a for fro rr the g rocI for the meas or at la cost of rel air a r res tora tion if Trustor is nat in default
Litter ti is deer of Tnist. Any 1 rooeads vet iah l e, a not been clabursed within 180 clads after their retelpt and mthicl tender ha s r of
ca rrn itte d to tt a rel air or rastoratioi of tl a Pn p ert)I sha II t e used errs t to p a)I a r y a n o ur t owiir g to L (r de r ur de r thls Deei c f Tn s t,
then tc pall acaruad irterest, ai d tl a remainder, if aml, stall be agpiied to tl a prina'tpal talanae of the Intel tedress. If Lanier i clot
ar y grooeach after pa)Iment in full of tt a it dattedi eats, suah groseads stall be paid to Trustor ms Tn star's it terests may apl ear.
Tn starts Report an Insi ranch. Upon request of Lender, I avis, er nal more tt am ante a year, Tn star stall famish to lender a repot
intact ellistin(l polic)I of insurance showoirg: (1) tie name of tt a insurer, (9) tic risks h sired; (3) tie arrount of the polie)I; (A)
tie prapert)I imsured, tie then turret t replacement value of such propert)I, and tie n anter of (let(rminirg tt at value; and (5) d e
exgin tior (late of the golic)I. Truster slall, ul om request of Lander, I Elie in it celend(rt appraiser satisfact(ry to let cler cletem ice
the aasl vatut repfamenuest cast of ti a Property.
Li FIGOR'; I XPENDiI LIKES. if an)I astier or 1 rcaesding is camrnei ted tl at mould n ateriaA,l affect Lander's it West it tte Prcparty ar if
Trustor fails to aom pl)I vitth an,I protiision of this Dead of 1 rust or any Related Doaun ei is, insludii c but not limited to Tn star's failure to
disaharge or l ay moi en clue at )I amaumts Trustor is required to (Hitt a n e or pm)I tinder ti is Deed of 1 rat or anal Relat( d Doaumer is, Le ncler
on Trustor'a behalf rra)I (I Lit si all t of tt of licatcd to) tal a ai )I ac ion tl at lender deems apprcpr'ate, insludir g t ut not fimited to
(Wal argin( or pa)Ifng all lanes, lies s, sen.irlt)I interests, mnctin k rances and atl er claims, at mr,l tin a levied or placed an tf a Proper yl and
pa)Iimg all costs for it sur'ng, maintaining aril p resenik g tt a Pro; ert) . All shed expel Mures it curred ar paid t'.I Lender for i gat I tlrposes
will If ei tear it terest at tt a rate al arled antler tt a Nate from ti a (late imaurrEd or pall b'.I Larder to the clate of repaymer t b)I Trustor. All
seal axI emses will b(came a per of the Indebtecires:t and, at lenderh aption, will (A) I e payabl( of demand; (B) to added tc the
tala►ce of It a Note at d I e agparllared among and be payable will an)I Installment i ayrrer is to I eeon a (lue cun'ng vitt er (1) ti a tarrr ( f
at )I alplisable it suranoe paliay; or (9) the ren air Ing lerrr of tl a Nate; or (C) to treated as a talloon I ayrnert vohlah viii) be ( Lie and
payabl( at tt a Note's nsatur'ty. the Deed of 1 rust also will aeeun pa)lnient of It ese amounU. Suah Cght sl all to in addition to all ail er
rigs is and re me cli( s to wi Ict L( rider rra)I be er titled upas Default.
WARRANTY; DEFE NSE OR T11 LE. TI a fallowing prop isianii relater c to aminerst ip of tl a Property are a parl of tt is Dead of Trust:
Title. Tn star warrants that: (a) Trtator halt s good at cl marl atatla title of rcaarcl to tt a Praparly in fie simpl( , fret and clear of all
liens and enatumt rat cas other than tl ase set fortt ii the Real Rroperty doetription or it any title insun nae polIcI title report, ar fit al
title oph iot issued in favor of, an( accepted I: y. I ei cler In tori ectloi with this Deer of Trust, and (b) Tn star i as the full richt,
pcvier, and autt arit� to exacute anc delker tf is Deed of Trust to Larder.
Defense of Tltie. Sut jest to tt a emmeption ti the I aradrsph stoNe, 1 rustor warrants ascl will fare( er defend tt a title to tte PraparPl
egaimst tl it law ul claims of all persora, it the avant at y attian or praceec Ing is aorrn (nett that (luestiona 7rustor's title or the
interest of 1 rut tee or I ei cler tin( or this Ileecl of Trust, Trustor shall defend tl a actlor at 1 rustor's e;lpense. Trustor may be the
narrinal part) is suah 1 roteecling, I tit I encler sl all be entitled to f anticipate In the proasedint and to I e reprasentec it the prat( e+linc
b`I Mime) of Lander's awr at cite, and TNBtar will dell( er, or catist to t e dalkered, to I ei coir suah instruments as I ei cler n a)I
request tram time to time to: permit sect parlitipatior.
Compliance Wltl Uws. Trustor muarnints that tt a Prol eml incl Trustor's use of tl E Rrol ert)I aarr1 lies moth all elilstii c al plioable
laws, ardir aaaes, a r d re gulations of gavarr n ei tal autt oolties.
D99D OF TRUST
Loan No: 700437001 ijaonlinuec) Page 4
Si rdhial of Rill reser titior a and Warranties. All representations, viarrar ties, at d agreen el is n ade I yl Tn star in if is Deed of Tn st
shatl sur111e the execution and delivery) of this Dead of Trt st, sl all k not tinuing in i attire, and shall ren air in fill farce at d effect
until sect time as Tnstor's h clef tedness : half to paid in frill.
(IaNDEMNATIM . The foltowtinc promisians reiatir g to amii ant tion air aid in vans aondemr alioi proaaedings area part oftl- is E end of
Trus t:
F roseedingi . if amt en it ant dorr sin or it %isna car loran atioi proeeadtri is aomme need affecting the F rogart) 1, Tn star sl all pro mptl)I
notify iends r it writing, and Tnstar it all promptly take sect steps as n a,I to neaesmar) I to Iursus or clefencl tl a aatiot anti abtair tl e
award. irLstor n ay I e It a nominal party it amt s al Mroeemding, bt t ler der sl all to artitle cl, at its tale mtior , to partisiMate in tl e
pro aaeding at cl to k to pros at loci it the proceeding k COLlnsel c its am in choice, and Tn star will deliver or cause to be delivered to
Lander auah instrun eats and doaumentatior as real be requested I yl I E( cler from tine to tin a to permit suet parlicipation.
At Iiiaatlot of Net Pro coeii Is. if ar;l avian is made or aefliernei t entered into in amt con demr atioi proceedings affectint all a any
1 art of tta Iroport,I a b11 at y proaeadirg a PL rct ase it hien of ionclernnation, Lander mayl at its aIselion, am cl to the extent I emiltted
I y1 farm, require ri at all or at y F ortion of tl a award or set lamant I e applied to the Irdebtedneto amcl to the re{ a,lrrert c f all raasoi at le
aosts, eipar s es, at d stlorseys' fees incurred b� l Tn stee at Lander in canssctiom with it a coi demi atian proaeadings.
IMPOSITION ON TAXES, FAZES AND CHARGES BY GOV1RhIMEI'Ml. AUTHCIRITIES. Tie followiing provisions relating to ganarrn ei tal
tames, fees at d ahargas area part of th h Deed a f Trus i.:
Currant Taxes, leas imI Oka riled. L pot request I yl I ender, Tnstar stall exact to auah dau.uae( is in additlof to this Deed of Inst
and tate vihate�ier ail er ac ion is requested b)1 Lerder to perfac and cantiniia ler darts lien an tl a Real Prol ertil. Tnstar sl all
relreitur:e Ienderfor all taxes, as dos anl ed telovf, tagetterwiitt all ampemes in at rred in recardirg, Ierfec Inc oraonth Lit g ti is tlEed
of Inst, iscItdirg wiitt out limitation all lases, fees, cloaunemtar) I stain! s, aryl c the at arges for recording or registorim c this Died of
Tn st.
is;ie:. Tl a followting shall aonatitute taxes to vihiah tl is seatian ac plies: (1) a steads tax LiFor this tylpa of Dee of Trust or Upon
all or anal l: art of tta indebtedness atenure cl b,1 itis DE ed of Trust; (1) a apeaifc ta)f an Tnstar wk !at Trustor is authorized or
required to dicluot from payn eats an tt a It dobledr ess seaured t y it is type of Deed of TrL st; (3) a to) or tl is t)lps of D( at of Tn st
clarleakIs against the teadi r or tha hokler of the Nate; and (4) a spacific tax on all or an,1 portioi of tta Inlettednass a on
paylmei Is c f principal ar(1 interest raa(IE byl Trt star.
Si tsequent Tames. If at tax t( wu ict this Lection at Flies is enacted IUl Sequent to the elate of it is DE ed of Trost, tt is a,tent sl all
have tl a same effect as an EvEnt of DE NL It, ai c1 Lender ma,1 e: anise amyl or all of its availal le to met Ilea for at E, is it of Default as
provided I elowt Unless Tnstar either (1) pa!Is the tax tefare it becomes dElint lueot, or (2) aomtests the tax as Fror(ided al ave it tl e
Taxes at cl I ier s seatian and cls pot Its Huth L er dt r cast or a dtMaid rt oorpa rate surety band or athar saaurit,l satiifaetorl to I et clay.
SECURITII AGREIMEP T; FM ANCING STAT91111PITS. 1 hr f011owii c provisions relatirg to this D( ed of Trust as a sEcutlt)l agreement an a
part of tt is Deed of Trus t:
Ieeurity Agreien en It. T1 is imtrurr er t st all ■a tittitute a Seaui'ty Agree rrent to th a extent amt of th a Praporty cor stitutes Ix Ures, and
Lan( ler shall f arie all of 11 a HE hts of a s ect. rad party L nder tt a Ur ithrrr Corr n eralat Code as an er d( cl fro m time to time.
Sooifrity into rest. Upar rcclue st t y i er de r, Tin isto r st all tate wt ate ver ac lot Is to qt ested b)l Lender to perleat and Got tit L e L et dart;
mecLrityl irtare st li tla Rents and PtrscnaI Frcpert,. Trustor stall relntupa Lander for alt a)pensas incurred in Ierfecting a
contiriuii g this saaurlty irterast. Upon default, Tnstar sl all rot rarrmie, se+ier or detail rte Personal Pro;ertyl from the Property.
Ulan defai It, Trustor sl all assen ble anyl F ersoi al Prorerlyl rot affixed to tie Araparh it a manner at([ at a place reasorail)l
cot variant to Tru: for and Lor4ler and rraFa it auailatto to i esclor with tit throe (3) da] Is after re ceipt of wtritIan +len ai d from Lei clef to
tl- a ex a nit p a rrililtte d I y1 aF plical le lav i.
Addresses. the nraflit g addresses of Irwtor (debtar) ai cl Ler der (saai red party) from vtriah it forraaticn con aerr it g V sell Lrityl
it terest granted I Y1 tl is Dee( of Trust ma,1 b abtait e41 (eaal as rat It Irecl b'.l the Ur !farm CA mrneraial Code ) are as stated an tt a lint
pa go of tf is E ell d of 1 rus t.
IURTHIR All SURANCEa; ATTORNEY-iFI-RACT. The faIla viiing Irortit !or s relatin( to furtI er as 3Lrmreea and attome)l-h -fa it are a part of
tt Is Dec cl a f Trus t:
Itirthar Assuranaea. At at,I tin e, at frarn tin a to tires, iii: or request of Lander, Truster will mate, e: tea to at cl dalivar, orwtili eat se
to to made, emeauted or delivered, tc LendEr or to i cinder's desigmea, and we an requested I y1 Larder, amuse to to Ated, reaonle(1,
raffled, or re race rdacl, as tt a ease real te, at ILat times and it ; Litt offices and MI; oat as l antler rrayl deem apprapi'ats, ai yl and all
siich nortcage a, cleeds of trust, so ai rit,1 (led cls, seat rit!I agreernei ts, line rcing stolenents, aantim atian statemort: , instruments of
furtl or zasurai Ge, sertifcates, and other doairaemts as rrayl, it tt a sale of h Or of I of da r, to necessaryl or dasiral le it order to
effectuate, complete, perfacl, aoi time, or I resente (1) Trustor's of Tic ations Li cler tt a Note, this Dead of 1 rust, and the RElatocl
Doaun eats, and (7) tt a lief s and sea rityl it terest; created 111 tl is Deed of 1 rLst as first and prior Ilei a or the Praparty, wt ett er
new ower ed or he reader aaquirad t y Truster. Ui less t rohibited by1 laws or Larder a greies to th( nor trarl in writh g, in. s for shall
n !rat urs a ler der for all act., t; ai cl e) pens e: It curred it cor neatioi wiitt the matler, referred to in ti is paragrapt ,
Attemoy-ir -Fact. If 1 rustor fails to clo aml of tl a ti ings referred to in tt a preceding I aragn pf , Lencler n a}I do so for and in the name
of irustor still at Trustors emperse. For sucl Furloses, Traitor t erebil irreriocal ly apMaints lei der as irustot's attarne)Fin-faat for
tt e F urgose of mat ingr executingl, deltuering, filing , recording, at d ( Tait g all other tt it ga a; may be necessary or dasiral le, in L endaris
sale opinion, to aacamMitah the matters referred to it the pracadir g I aragraph.
PARTIAL RILEMES. l emcler shall exact to Martis I n lasses of tl a lien of this Dead of Trust t pan tt a follower g aonditic ns: Lender agrees
to release its irtarest it a Lnit tFor rocolot of s9Q,olliam, pnavided that Borrower (a) agrees to alplyl all praaaeds fron tte sale of
mortgage notes receivable oVglt atir g iron tire sale of a unit wiitt in tl a Property (Ir eluding 1F a Sala of rotes to CaiFIF A), at pi'r cipal
rad( cliari to It a loan facility, and (I ) sul jeit to slot salol, agrees to asslgn to Lender tl a rote ai cl deed of trust from an)I fir anair g
Frord(led to bnyprs for tt a Int six ui its sold ; t the Property. tender well release it's intarest in the drat six Lirits to facilitate Bar ovietls
DER OF IRUSI
I a a n No: 70043704'1 (dantinuec ) Page
ale, I an! I, of tf a rotes in ace orc: at ad with tl is i<ara'rapt,
IIULI F HRFORMANCI . 11 Trustor pays all the Inc el tec no E3 Men cue, anc Gill a rwisa Ferfom s all ti a of liclatic ns in pa sad of or irt.ator
tntfir this Ieecl of Trust, Lender , tall anenLto and cielbor to Tnslee a request ilor Ill ill reaonveysnoe and shall eneaute and cell'iEr to
in stor si itat le Staten ents of tormir atioi of anyl for aitair g : tat%men ton Ale evic et air g I aWet Is : act rityl interest it it a Rer ti ant tk e
F en or at F rape rty. Lender rrayl aharge Tru; for a mat or able reconveylar ca 'lee at tie time of reconvel lance.
EVENTS OF DI FIAULi. I ant of the Iollomb g, at Leri tit's of liar, s hall aor stituto at Elvant of Default order this Deec of mist:
F allmi nt Di fault. Tru: lot faits to n aka at Il f a, lme nt wi ei cue ur der the Inde btei r ea: .
atter Deb tilts. Traitor fails to oorr ply watt or to rerforn amyl other ttrm, obligation, coriertant ar candition nor tairec it this Deed of
Trus t or in aril of It a Related C act n ants or to non ri)I milt! or to perform an,I term, of liclaliot , covenar t a r car ditior i antair ed in an)l
otter agree" ant be tv con Lent It r art Tru: tor.
Corrpth rat Di fault. FailLre to momr lyl viitl any athat term, of ligatioi , coder at t or aor clition ca Wait ad in it is Deed of irus t, If a Nate
or in amt of # e Related Dole urn el ts.
Defant ci Otl or Fayire cnte. flailura all Trustor mrtttin til a tine roll. ire d b,I Itis Deed of irus t to rraka amt fallment far taxes or
ins urar ce, air at II athd r r ayin a nt r eaes: ar;t to; revel t illir g of a to affeet disc harc e c i ar, Ilion.
tlmilroi mental Default. flai]ure of anyI party to i Grip I) I wilt] ar perform vrf er due ar;l term, ok ligatioi , covermnt arcorditiar cantair ed
in amt er virol rrarfil I agreement exact ted it cons actior With tle R roporty.
False Stab mi its. AMI warrai tyl, reprise or U liar a r staters er t n ac e or furl ist ei l to I e1 cier t y Trus for or or Trus tor's t el alf LIE (let tl- Is
Deed (if Trus It or tt a Re later [ act me nts is lb i, a or mis le adii g it any n ate pit I re: r ec t, a itt err av i or at the tin a me i ]e or fL rnisl ei I or
becomes false at n is Idadiril at ary tine til ercafter.
Di fec Iva Collateraliaattoi , This Do ed all Tnlst a ary a 111 c Related Daaurr er to ccai es to be in 'lull force and effect (ini Ii ilii g fails re
of amyl collateral daci mer t to areata a +ialid anc perfec'ncl :act rit)I interest or lien) at ary tin a ari I for ary reasor.
fru h lend I. Tic i IISeOILtian a tern Isation of Trustor's oxistent a as a going ti it it es s, the ins olvendyl of Tru; lot, lite appaii tment a I a
race hier for amt part of Trt <.torls frol ertrl, anll asl iilrn ai t ilor the bereft of creditor, amt tllre oil creditor vlorl aut, or the
commei aerr ent of at yl 1 raneeclip d i Ir de rat y tar kner tcy or it sa It ienay lamp k y or again! t Tn !tor.
Creditor c r Forletturi F rodeadingo. Con mencarri r t of foreclosure a ilorfeiture praceedings, wt ett er b)I judicial l roaedding, tell -help,
ref ossesston or at yl otter rrettotl, t y at yl creditor of Trustor or byI a fI gavemnental agoni y a9lainat ar,1 1 raparty IecLI'll g the
It c]ek tednd ss . ik is it sit des a ga rr Is hn ent of ary of Tn star's accour t, , inclu(lir cl clef os it accoui Its, mlltf I ei der. Howm ver, tl is
Ener t of Dafar It shall r of apply If the re is a gaol I faith i lisf inti bll Tn slot a to tl a valiclity or tea sor at ler it sI of tt a alain wt let is tl a
I a: is of tt e i reditor or far ]eitt. re ptacaec lil g at d if Tn is to r gn ies Ler da r wrritlen natio a of ill a creditor or ilorfeitt re price ei lit g ar cl
depasita Witt Lerner mot les or a suratli bond for the crcditor or fbrfe iturs r romeading, in s r amount cieterreined I y I (nder, in Its sole
di! aretior , as I eir g an adagi ate resen a tar bard for it a (Ii: F uta.
S react c f Other Agnlc n c nt. At y I read I k y Trustor i ri or ill a terms of an)l otter aclreen eat t etweei irv; for and I ter der that is rot
renecliec withir at )l gra ca par"od rrovided ti- ercit , inaludirg Mutt out limitation ary agro enter t caraeningl anyI it clettednaso or otter
of fit latian of Tres tar to I aitcler, wf eti e r esus ting r a v I or late r.
Events Affecting Gnarot tor. At y of tt e I receiling wiei is as ur, with res peat to amyl gt are rtor, ei clorser, surety, or aacan rrodatioi
pa rty of at yl of the It det iu]ne ss at at, I gfuara nta r, c I clots er, s L rety , a r accon muda tie r r arty (fie s or k ec orr me incon pd tent, a r
to risk a s a r die pt tee til a vaiiclity of, a r liability i it i c r, a In, l GL ars my of the Inc le btedn es S.
Advil rsil 01 at gi . A n ate ria i at hu rs a ahanc le oact n in Tri I! tor's ins r cia I r onclltia n, a r L er de r be lie ve Is ill a prosl eat c I pa yn er t at
r erforma nae of the Imclel ledncss it in F aired.
Ins ed urit)I. I ei der it goad fa M t elieves its elf it secure.
Rlgft to Cure. 1f at 11 defatut, other that a defaLlt in 1 ayrrtrt is euratle anc if Tristar h; s i at I can given i rotice oila kreack of tke
can a pravisiar c Itl is Deed of irust withir the pro cedirg tv el+ie (17) marl) s, it maY1 be cured if Trus tor, after rei emir g mlritlen I atloe
from Larder de mantling cure of such default: (1) dt.ril s tie default withir fifteen (191) din Ili; or (2) if tl act re requires more tl an
lift ed a (15) flay,-, inn c diate ly initiates s tel s mlhlcl I er der die n sir Ler da rls sole di! c retior to be si ffk ler t to cure tb e t le'lat It ar c
It ereafter ca Mint e� at d aenpletes all to asoma[ ld and necessary eters si M4 let t to 1 rcdtcc con pliancy is saom as to as oral i'.I
I re coca I.
RIGHTS AND REMI t tES ON DERAULT. If an 9Nunt of i afault accurs under tf Is Deed of Trust, at any time thereafter, Trustee at lender
may exercise at y and or n ore of It e b lla wing rigi is and ren ec id s:
Fit ctloi c f Ri me di(m. Election till L d r da r to F urs tie ary remedy shall rot a xc h cle F um uit of a n11 otter rdmd d! I, ar d in election tc Hal e
expenditures a to take ac ion to pc rforn an of liclatiot of Trustc r ur der this Deed of Taus t, afl er Trus tort failure to perform , s hall I at
affect I ei cler's rig! It to declare a default at cl emorcisa its ren edie ,
Farealcsiire byI Sale. Uf of an I Niert of Defaldt i rder this Doer of Treat, Banefciary may Ilei Is re it a entire intlebtedres.r sect mai ky
Ill is Deed of Trus t in mediately) dt a and I a+lal le t y deliwaryl to Tru! tea of writ len i aclaratior of i lefatA and den at cl 'lot !ale and of
wrrillen notice of default and of elociiol to aausE to be sold tt a Prol arty, moil tcf notice irustes s hall cause to ke fled for record.
9 eniflaiary also sl all clel a: it with Tnistee this Deep of irus t, the Nate, otf er duct ments requested bll irustes, and all ddannants
cvidencin9l enpdr ditures seaured I erek y. Ater tl a lapse of at.ef time as rri yl it e1 k e reqs incl byI law fallovling the remordatian of the
notice of default, and notice of sale i ming be ei gtuea an tt or regt in cl b,l lava, irus tea, withoL It derrani an Trustor, shall sell tl e
Prof ertll at ti a tin a ant l load Ilxod bll it i■ thi notion of sale, either a s a wl ole at it Et rarate f arcels, aril in ILck order as it na)l
datern it a, at piit iia ;it ctiom to tl a hiclhe st t leder for ea; h in lawful nor ey of tl a United State s, f a)lal It at tirre of! ale. Tn stee rr ayl
pastf of a sale of all or an)l portion of tt a Pr F i r y b)l F I Ik Iia at nn ncen ant at st cl time anc place of salt , anc from time to time
DEED OR 1 IRU S1
Loan No: 700431001 (Cllr tinued]
Pat a 6
0 areafter n a)I r ostl ane such ; ale t y public ar i aunamme nt at it a time ii)iei I yl the I receding I (is 1par emer t is action anus mitt
arplicalIs law. trustee shall delhor to sicI ptirckaser its [lead corveyinq tie Properly so solc, tut without amyl UsNieramt ar
NAMnant)l, e)ipreis or iml lied. Tie recitals it suck deetI of any natters ar fat is shall to iancliehia proof of tie truthfuh ass thereof.
AmY1 parson, in slut it g Tru; for, Trustee or III anafic iaryl may I urc hese at suck sale. After docuatir gall casts, feet and enpari es c f
lru, tee an( c f IF f,, lru+ t, inc Inc it cl cos t of emidemcc ( f title in cor noutioi unit) ,ale, True tea -hall ar ply tie pri coecIs of reale to
;ailment aft all sums E:ip4ridod antler tie term; hereof, not then repaid, wiitt accrtec intare.- tat tie amount allocated I lil favi it effect
at tk e c ate hereof; all other ;lima then sec uned t is rob, I; and tie remainder, if aril, to tie person or I eniot E lel ally antitlid tl ereta.
JudlalaI Famolosure. Witt respecl to all or an)l par of([ a Real Prot erty, I et der s1 all have the r'gf t ii lieu c f foreclosure bit power of
sale to forealaso bit it fareetot urs it ae cardanee w itl at c tc the full ex ei t provide[ b)I Califorr is law.
UCC Ri me dies. M itl re: let t to all or a nl I par of the R ersor al R rope rty, Lender , k all have all the rights and re me dies of a s a c ire i I
party uncler tie Uniform Commercial Code, including without limilatian tf a i'ght to re(omer an,I defkcienc)I is the many er and to tte full
ext a r t I ra, Med k y Ca lifon fa lay .
Ca tic ct Rents. Le nder shall t aite If a rii t 1, yiitk aut i atic e to trustor tc tal a pas,, es: ion c f at d mai ago the 9ro1 artil at d ( olleat the
Reris, it cludincl amounts past clue and w paid, and al ply It e i at pro cc ecIs, a, it r at d abode t enc er's c o.- ts, again 41 IF Indebtednet: .
In fur heraaae of ti is right, larder nay reclufn at lil tenant ar aft er user of It c Property to rnaf a ga!Iments of rent ar use fees clireatl)I
to Lir( ar. If If a Rents are collected t I antler, they True for irre,iocably ilea it rates i et cer as Tnistorlt attorre)1-in-fat t to itrdorre
ine in emer t: recebod in I aymer t thereof in If a no ma of Trote for anti to n a c otiate the a ame and c ollei t the I rocead.-. Ral ments byl
tea ai is or other us ere to Ler+ler in res pante to IaWet ls do man( ,,hall iatiefj tie of li(lationet fir wit ict 0e paymerI! are nalIll,
wiett er ar r of art) I proper clrount E for tte demand a)iia tocl. Lender n a)I enerahe its rigtt; under If is auk patat Iraq h alit er in parson,
b) I ager t, or thre ugh a re ce 0 ter.
Apt oltt Riac Iver. i encler,,hall kaNie tt a right to have a race i,ier appait ted to take goisoas14n of alt ar amyl Bart of the Rrot arty, v ith
It a pawer to gra ti at and pre; erre 11 a Property, to ape rate the R ropert!I precaclir g tarsi los urs ar sale, ai cl to i ogec 1 111 a Renta frato
tt a Prager y anti al if111 the Arooeadi, oder and atone It a cast c f the ret aimership, again.- t tha Inc alate dness. Thi re( eivarmay -erui
vitt out f or d if permitlei I t y law i. Larder'.- rigt t to the apgair truent of a re cafver,, hall exist wihethe r ar nat tl a anparei t value of the
Property exaeede It a In(lebtedress It a Enkstantlaf amautI. 9mgIsymerl b)I lander al all not i IsqualffJ a person from *arming as a
ra ca I, or.
len an a) I i t 9 uffa rance. If Trus for remain it r oat ea slot of 0 e F rol a rty alts r It a Pro pit r y it E old as p ro%iic lec I above ar l endo r
aIf arwisa benames ertitle c to gossoasisn of If a Rrogertl Lipan default of Tristar, lrustcr al all teaome a tenant at sufferance c
Lencler ar the purct aser c f the Prot erty aid shall, at f ei cler's Option, eider (1) l all a reasonable rental for the w e c f if a Property; ar
(2) \iaoata if a Property immediate l)1 ur or the de man(l of l emcler.
Other Remadit s. Trusts a or I er der at all have any athe r rigt t or re rue d)I pravidscl it this Deed c f Trust or the t late ar atinilable at lawi
or in equity.
Nattce of gale. Lender shall cline Trt star reasonable aatice c f the tin a ar d I lace of ar y publie sale c f tl a Personal Proper y or of it e
lime after wt ti t at y gr0iats sale ar atl er it ten decl dial at Itian of the Rersonal R rope rtI fa tc to macle. Reasoratle notice 3ha11 moan
r otica gh ret at least ten (10) days b+ fore tt a tirr a of It a :i E ie ar die pas itior . At lil :i ale c f tt a Pa rsono I Prot ertyl may I e mac a it
c onji it [tion with an) I gala of It a Real Prot ert) .
,ale of the Pro perty. To the extent perrritled bgI alAlicabit law, Trustor he rely viafnes cry and all rit its to fa,o the Rrcpert, l
ma reit allecl. In e;ien 1a it cl its riga is , nil reme(lies, It a Tri. atee ar Lander aha 11 to free to sell alt ar at y Bart of the Rrol ertil togett er or
se para toly, in or a -ale ar b)I soFarato a, le E. Ierdor:ikall I e antitled to t itl at ar11 pi ittic .-ale or all or an)l I artion c f If a Pro lerty.
Attorne)is' Ileac; I xpensi s. If I encler institutes amyl stilt ar action to enforce or 11 c the tent s of tt I; Deed of Trt at, lender ittall be
er titled to racoma r at lot slim as IF a taut may adjtclge tea,- or at Ie as alIarne)1: ' feet at tt'aI anil upan an)I al peal. WI all er or r of an)I
c curt action is invalned, and to thi axtent i at pro hikIto d b)I law, all to atoi able axi enie4E Lencler it ciirs that tt let cler'i apirian i re
r at e.- sE ry at ar y tin a far the r rote [tion of its it ter[ at ar If a it r fort emer t of its rlgl is s hall t ec ome a pa r of IF a Intl ebte(Inas., payE ble
an de maid i rd shall tear it tereet at the f ate rate from the date of It axil anditure until repaid. 8x1ensea ca%israt I I:y thit parat Iraq h
Inalude, wiiti out limitation, howiover cut feat to an)1 kirrits i r der al placable laws, I ei der's attornre ys' fa as and Lardor'E Is gal axil ansa,,
wit aIf er or not there i; a to weuit, in( It g atlomay.- ' fear and eiirer, et far b. rkruptcy grace edit ga (ani ludh g effarts to me c11 or
%imaate an)I ai.itsmati■ sta11 or injun(tion), alF4EIt, and ami irtfalgate d rostjudcmerI collecisr eerrice.- , the cast of searching
re cards, of taining title repor s (it eluding fora ala SL re raports ), ; urseyors' reports , and agrn tsoI fees, title insurance, and fees for the
Trustee, to It a ex et t remitted b)I al rlicable Is wt. Trus tar alto viilf pail ally i aurt i m is, it addition to all other sums rro%iiclecI t
laws.
Rillhts of Trus tel . Trustee ,, halt fame all of It a rights and cluties of I ender as stet furl 1- In this s ec ion.
ROWER3 AND OBIKIIATION:1 OF TRLI.TEII. tka toIla viinc, Iroiiiafor a relatinfIto the gowier: anc abligatians of trustee are cart of (V le
De ed of 7n.: t:
Powers of Trustee. Inacldition to all gowiem of truitee arising as a natter of taw, Tru.- tee sl all have the to -Ater to tolia the followft g
actor s %A fitl rest eat to It a Progert) til ai Re w rilfen racfuest of Larder at d Trustc r: (a) jai; in I reparii g ; rd idit g a rrap or plat of
tie Real Property, it aludirg If a dadicatior of streets or ater right: to tie public; (t ) join it drat tit cl amyl Gas Ernest or creatincl ar yl
revtr'ctior an It a Real Pro peaty; and (c) join it ar yl t ubardiratfoi or otter ac reament : flee tint tt is i eed of Trust ar the interest of
ling ler itr ler If Is heed of trt st.
Obligatic ra to Notlf�. Trt stee a halt mat be of ligated to r otify an11 off ar p. rty of a Iandincl sale tnder ary atl er true t cleecl or Tier , or
of any aoion or precoeding in cal ick Trustar, laude r, or Trustee EI all ie a par y, iinless It a ac lot ar groaeadinll is braugt t ky
Trustee.
Trustee. Trt stee ahail meet all qualifications required for trustee uncler al pficable laws. Inaddition to the r'gl is and r( medte.- set
for h abs aa, with roe pact to all ar ai )I part of tt e R rope rty, the Tn ie tea theft k ane tt a rfr ht to foreclose bit notice, n(I sola, at Of I el da r
s hall t m%ie tie right to fore clot a b) I Judi+ ial fora CIO t re, Ina itl e r ass air ao carder se v Ith a rd to thit full extent I ronfdec I k y apt Hackle
DHED OF TRI, S1
1 aan No: 700477001 (Oorlllinued)
Page 7
lavi.
Sucaessar Trustee. Linder, at ler der's aption, rrayl fron, tine to time at r oint a suaoessar trustee to a yl Tristea a pl oirtod ur der
this Do ed of Trust b,Ian instrun ant executed and acl niwleclgecl b!I ler der at cl reaorded it the afftoe of It a tea or( er of ORAPIaEll
Caunty, State of California. The instrurnei t sl all sot lain, in ; dditian to all other n afters required by stale lay, the tames of the
original Lander, Tnistoe, anal Truster, the Io0 ai cl Fagti wi are 11 Is Deed of Trust is noaorclei I, and tie name and address of tl e
sucmessor trustee, and tte itVrureent shall t e wieauted and act no Wedged b!I lander or its suaeass ors it interest. TI a sucaessor
trustee, wiithoc t carniellaI am of fl a Prot ertll, shall sueaaed to all tl a title, 1 ovier, and di ins conferred upon tie Trustee in It is aced
of Trust aacl b!I apr liaatle lawi. This pracedtire for substitution of Trattee shalt + lave ur to tie exalttsiot of all all a provisions for
s ubs titution.
Amaeltat at I y1 Trustee. 7rustie amcerto Itis Trtist when this Deed of Trust, clulyl enemutscl and aclnay leclgod, is made a pi it tic
record as prc vided by law.
NOTICES. A r y notice reqll.lirai I to I e given under ti is aaecl of trust stall 1 e;Nisei in wanting, at d shall be of eatime mi on actuallil delivered,
vihen actually recoi+ted ty telefaasirrik (Lnleas atherwise regttrt d by lav ), wter derositetl wiitt a nationally reoogriaad otter tgtt aour'er,
or, if mailed, wihen depasited in the United States n ail, at tirst mists, certified or regittored mail I oatacle prepaid, directed to If a addresses
stown near It a beginning of this Deed of Trust. Trustor reqs gists It at ac pies of any notices of default anal sale I e tlireatecl to Trustarlt
address sl ov n near tte teclii r Ing of this Doul of Trust. All copies of notices of foreclasure frairr it c holder of anyl lies wtiah 1 as Friaritsl
; titer tt is Died of Trust shall 1 e sent to Larder's address, as sl av n i ear the t egti ning of tt is ll eed of Trutt. Amyl party rrayl change its
address for notices under it Is Deed of Trust by1 giming formal v ritton ■atlae to If is other Farllet, spealfJiag tha t the purpose of the notice is
to ahanlle it party's address. Nor ■atioe purpt ses, Tnustor agrees to keel lender faf eed at all times of Trustorls purer I address.
tIt less otherwise pravicled or required b71 law, if tl are is rs ore than; re Trustor, anyl nc lice gine■ t y l ei der to ary Trustor h cleareed to I e
rotate ghte■ to all Trustors.
STATEN ENT OF 081 IGATIOt AEE. 1 er der rra11 colli at a fee, act to dmead t! a maximum arrount permitled ty lav , for fiurrishing it e
staters ent of o1 ligattoi et pr( vicled b71 Seatic n 7943 of the Cikiil Qa a of aalifon I; .
DUE ON SAI B - CONI BY 19NDIR . Sut lout to the r ar Ilal release prc nisi; n four d in If a Construction L can Adrea ment a nd f! is Deed of
Trust, lander mail, at Larder's aption, deelare irsirrediatelyl dire as cl payable all sums secured bid it h Deed of Trust t per the sale or
transfer, wiitt out I encler's prior wirittar consent, of eft c r anyl part of the F cal Prot erty1, or any interest in the Real F rot ertyl. A "sale or
trar sfer" means the aos veysnee of Real Prot ertyl or any right, title c interest in If a Real Prcpirty; wfiether legal, toneficial cr equitable;
Mother valuntary ar involuntary; wthather 1 y oitrigt t sale, deed, imstsOreat Lala aontrac , lai cl contract, aontraat for deed, leasehold
interest wiitl a term llreater it as throe (3) Y14ar. , 1ease-o1 tion monirect, or I y sale, assigns et t, or transfer of as 11 I at efiaial irtmrest it c to
aml M r d trust I aiding title to the F eat Prererty, ar bl1 at yl ether meth; d of conliallei am afar it terest in tl a Real F rcparty. If aryl Tntstir is
a corFloration, 1 artnenhil c linited liability aomparnl, transfer also it ah de anyl of amcle in cv norshir of more if an twer ty-Avi I ercest
(75%) of tt as +roting itoab, 1 arts er, hit it teritts or limited list ilitj ca mi at 11 interests, a s it a ease n all t e, of sect Trustor. t cv ener, It is
option s hall r of I e exercised I y I et dor if acct ermroise is r rot tbited byI at plieable lav .
MISCELLE FIBOUS PROV 2IONS, The followir g mtscalla noc us I rovi;t tot s a re a part of this Dries o f Tn is t:
Ameadn ants. TI is Deed of Tnrtt, tcgather wtitt at y1 Related Dacumorts, canititt test the entire ur darstandii cl at d agreement of it e
rarties as to it e n attars set forth it It is Deed of Trust. tic alteration of c amendmart to this Deed of Trust stall I e of ec hies urless
ghtei in whiting a nd s igne; I bi I the r ar lyl or pa r lies t ougt t to be chart ed or t of in; I 1:11 the alteration or arr eadn eat.
Art ual Re pa r Is. If tt a Properly is used for i urpose s other than Trm to rls reit ide nae, Tristar st all furs ist to I a( der, upc n re qt e'at, a
cerlilled statamert of ret aparatirg incone raceFted from the Prcparty ;luring Truitor't 1 revions litcal ylear it trial form and deli II as
Lender tl all require. "Net open slog insoree" at all rector all oath receirts frors it a Properly less all oath e:iparditi res made is
morn a ctioa with ti a op erati; r of tha A rc 1 art'. 1•
Arbitration. Tntstar anti larder a9lres t1i all tllslutes, aialns and aontrorterolos I etween then wihethir Irdividtual, Joint, or class It
nature, arltintl from this Deed of Trust or atherwlsi, Iraludlt41 wittoid limitation cortraat anti tort dispttes, stall to artitrted
f ursuai t to t1 a Riles of tt a Arrerici r Arbitration Atsaclatian Ir effcet at tl a time the slain It filed, i pot request of either party. No
act to We or dispose of anyl froperty stall constitute a wtaltior of ttls arbitratloi agreement or tit lrallblted 1151 this artltratior
agreesant. TIN Ircitdes, wittoi t limitation, ettainirg injui ative relitf or a temion ry restralring Order; Irntoiirg a paver of sale
under ai yl deed of trust or mortgage; obta Ining a writ of atUci mint or imtoottlan of a racciner; or ext rcleing ; r;1 riga is relatintl to
personal I rapirty, Inahidlig takirg it dlspaslnil of sticl prof erty with mr withtrtt jt;halal process pmauint to Article 1 of ti a Ui Ifonn
Cornett raial Cede. Ary dist utas, Blains, cr controversies aor ce ruing tt i Iawfl Ine89 or res: ouablei est of at yl aat, er ei ersh a of ai y1
rigit, Ooncern11rg ary Property, ircludln41 auyl claim to rescind, riform, or otterwhis modify ar+1 agreerneit rtlatiuct to the Prolerk ,
stall also to arbitrate d, IlroAded i ov eruer tl at i a art Itrator s hall farm Its rigl t or tl e l ovier to emjolr or rastrair any a ct of ar y F arty .
Tnstor and I ei der agree tt at it thi elient of as amtfoi for ji dlatal f4reelot ure pi rsuai t to Callforrda Cadi of Civil Prooeclure Station
MI. or an11 similar prsimi lan in amt other state, the monmeneenent Of stcl it action will not constltutc a wahuer of tie riltlt to
artitrate and tie court stall refer to artiltratior as rnticl of ivah antler, hickidirg coutterclalms, as lowfullyl may be referred to
arbitratlot . Jus Ign cut upon at yl a+nui n rendered byl auyl art Itrator may be er tert d In aryl court i aNdr g It rlstdic Ion, Motl Ing In tl h
t sect of Truit sta11 preclu;le or I artyl front stens g equital le ralkf lrmtn a court of oorr pate+ It juiIsdiatlan. The statute of tin Mations,
astoppml, walvi r, laahe:u, and similar doclrir as whlah miould ettirwiss it at rlicable in ar antler tire Ligi it byI a 1 art stall I e apt fatal it
In a r y art Mn tlor pro(leadir g, at cl the aomn at aero eat oll ar art Its tion Froaeedinll sl all to (let me the cgmn or cement of as a c la
for tFese pt rpesis. The Aecleral Arbitration Act sta111 at plyl to the aonstructlot , Interl restatien, as d ei foriemer t of itis art tin tion
pre)dt ion.
Cottlor headings. Cartic n Ienclisgs in ti is Dted of Trust are for ecmienierme purposes an1iI and are not to to ttecl to irterF11ret or
s lefina tl a pannus lana of tt is Dead of Trust.
Merger. Ttera shall I e n nerger of It a interest or estate armatacd ty it is Deed of trust Witt ar 11 other interest or estate in If e
Prair ertyl at a n71 tim e t eld I Y1 or for it e i e nes fit a f Le nes le r it ar y cal acill 1, v ill a ut tt e w rit e n cc nt est of 1 es cler.
Gavernit g Lawt. TtIs Dead of Trust will I a governed by1 federal It w it FWall: le to I at der ant 1, to tl a exert rot troan tied b11 fecleral
[M c oA 7F u sI
(Loan No: 70 04370 0' tC ani inued) Pace 8
I
lav+, the laws of the State of 4aliforrIa without rellard to is sontllc s of lays protifaiers, lhls Deed of trust tae beer asaptscl b)1
L it r der It the Sta to of 4 a 11lori la.
dhslce of Verus. If there is a laysi it, Trustar agrees i Fon Lender's request to submit to the jcrisdiation of ife lot rls of OAFNGE
Coiint, I, State of 4 atiformia.
No Nlahm r t y I ei cler. L ender sl all not be deemed to i ane voWs(I amyl rights under this Deed of Trust unless st c1 washer is glia ion in
vriting and signed t t ender. No dala)I or t mission on the part of Lender in e:ieraisJag at yl right -tali orer, te as a wehier of such
riglt a at )I ather right. AI %in i, for b)l Lender of a I roitit ion of III is Do ed of Trt at sl all not FFit judiee or aonstituto a wiafver of I et detIs
right otterwi-e to (len and -trial cam; hence viitl tt at pro %illisn or am )l ott er provisioi of tt i; Deet of Tri. st. No 1 rior winiver ky
I ender, nor amyl cot.rse of dealing between Larder and Tristar, sl all mons tittte a wiafysr of any of Lerdoel rig[ is or of any of
Trusts t'; of ligatia n: a: to an71 futt re trans ac iani . WI enaver tl a co nsant of I ei dor is required antler 0 is Deed of Trust, tl a granting
of succi sonsant biI Lender in at y instamait aha 11 mat cans tilt to continuing cans ant to sub: egtent instanlei wit ere : ush consent f:
required anti in all cases such consort rra)I I e grated armidt teId in the sale discretia■ of Lander.
emerablllt;l. If a aot r a f cc ml etant Junsdic ion fin cls anll provisisn of tf fs head of Tru; t to I e ilia gal, isyslid, or i renforce able as to
amyl airs Unista nee, tl at Iindirg she Ii not make 11 a offending pro yisfan illagal, it, tolid, c r unisnforeeat til a: to an)I otk er aircum stance. If
feasible, the offending provisfot ; tall be aansidered modified !o tt at it teaomes legal, iialid and enforeant le. If tka offeadii d
provision cannot be so modifed, it :hall be comiderecl delated tram this lead of Trust. Unles; atherwise required ty lav,-, tle
illeglalily, inttalidi4, or t ner foraeabilit)l of aril protnsian of t[ F Doerl of lrust stall not affect flis legalitj, yalidiry ar ei forceatiiitj of
any oll e r pra, iisioa a f tl is Deed of In st.
Successors and Asslgi s. St t ject to any lin itatioas ; taled is tt is Iced of Trt s( on transfer of Trt star'; interest, tl is Deed of Tn st
.hall to binding upor am([ itttre to tte benefit of tte parties, tl eir stcoessan and assiglns. If ayinership of tl a flrolert)l becomes
vested im a parson otl er than Tn star, Lender, wtftt aut ■atiae to Trustar, may deal viith To -rods suacesson with reference to tl i;
Deacl of lrt t ai d tl a Inclel tedness byI vial of forbearance or exteni ion ytithaut releasing Trustor from tle (ibligatiars of tl ii l eed of
Tru; t or list ilit'l ut der tt a Indebted( ems.
Tlrrte Is of tL a Eisenee. lime is of tl a e-sence in the parforniianae of this Deed of Truit.
Walde ,lury. to If a ex ei t parmliled t y appllcatle Ia%, all partlei to If Is Died of Trust f erebl1 viable tl a rlgltt to aa)l ji ry trial In antl
action, proseadfr g, or counteralatm I Fought til at M jartj allalr at an)l all er part+ .
DERINI71C1NS. Tie follomiii g cit pitai[aod viards a d tem is !hill have the followtirg rue; rings wl ei used f■ 111 1! Doed of lrus t. L nless
specifically stated to the aantri ry, all reference: to dollar ; mat nt- it all neat an of nts it law ul rrone) I of tl a United States of Arrier'ca.
Von s anti tern s usad it the singular ,hall inalude the F lural, and the F lure I ,hall ineh ide tte s lac ular, as tt a ea ntext rr m)I require. N or( s
and terms not ott erwise defined in tt h Deed of Trost shall rate the meaning s atlrit utad to sital tem is it t[ is Unkbrn Comn an IaI Code:
Hat effcIary. the via rd "Be melfaiary" means SUNY HST 9Atlk1, and its suscomors and a .lgns .
Borrower. TO ward "Borrawter" neon; HAAITAT FOR HUMANITY 01 ORANGI! COUNTY, INC, and it aludes all cc signen anti
ca -make re signirg Oct Nate anti all tl air auace; sacs and aisigns.
Deed of Trite t. the words "Doer! of Tnitt" near ttIa DeecI of Trust arrong Trial tor, lender, and Trustee, and ircludes wiittotit
limitation all assignor et tamd sacurft)l irtore at pro%iisions relatir g to the flersor al Prorer[)I and Rents.
Default. Tte ward "Default" meal s rte Default s et forth In tt is l ea (I of lrW t in the sectio( titled "Defat It".
Irviroi mental Lav s. The words "Er virot mortal Lawn" mean an)l at cl ill s tate, facleral and local statulea, regulatiot s and onIli anoe-
re la tit g to the Protection of I timai health a the ei virannei t, it eluding without limitation tke Can;ret er sive Ei Hirai rrIntl I
Reipor:e, (anFersailor , aicl l!at !Ill)I Alc of 1980, as amended, 47 U.S.C. Saclioi 96(11, at seq. ("CHRCU"), the Superfurd
A mardnert anti Reaull arijatioi Aat of lgA(I, Put. I . No. 99-499'("9AIRAr), tte Hazardau: Materials Tn riFortatian Alii 49 LI.S.C.
Seciar 1801, et s ej., the Resouro Can: eniatior ai cl Recotien Elat, 47 L ...C. Saatian 99011, st -eq., Chapters 9.5 d rough 1.1 of
[ iviifor 70 of Oct Califorrla Healtt aid Safety Cocle, Seciloi 231ll0, et !eq., or other apl Iiaat le state or federal lavas, Mel, or
reg Uatia ns adopter I P un cant tl areta.
Er iet t a f Default. Tt e v lord: " Hrte r t of Default" mean ar y o f tl a amer is (if default set fc rth it thi- Decd of Tnsst it the events of
default s eatio n of thin Deo cl of Tru: t.
Guarai ty. lie wiorcl "(3unranij" meat s tt a ilLiarent)l iron giiaramtor, sndar er, ; uret), or sccornmadatior party to L et der, it eluding
writt out lin itatior a (uari ntj of all ort artof the Note.
Hamardaus Substauces. the vionk "Hazardous Sub-tarceis" mean materials that, because of their quartit), aoncentntiar or
p h)lsici i, st err ical at ft fe ctlott- ct ara cterh tics, ma)l cause a r r os e a pre s e r 1 or F ote ntial t amarc to human I e a Ith a r the a milra nn er t
wten inorroFeil)l used, treated, ;tared, dispa;ed of, lei crated, marufaatured, tramporled or athorwiss hardled. The vion a
"J• la me rda us Sul sta nce s" a to us ed it tl eir %ie r) I roe cle: t s er se at d inalt ids withe tit limitation a ni I a r d all I azan lot is a toxic
at itstancas, materials a wtaste a: defined k or Ill! ted rim ler the Entiirarnental lav is. Tte tempi "Hazardots Sul stanses" atso
ft ch de s, wcithot t lirr it; tion, petroleum and petrcInurn b71 -pre duet a any fraotiot thereof at d a: bestas.
In pro %ismanits . TI a viord "Irnpromen eats" mean: all amistir g aril future in pro rte ments, btiitclisgs, stri iatire s, ma IL He I omes affi:ted an
0 a Ra al Propsrt! , toa!title-, additimr s, rel laaamerts and other cot stnaction an the Real Pro ert)l.
Irdebteduet a. !tit word "indebtedness" means all prircip; 1, Metal t, anti ott er amount:, masts and exF eases i algal le urider tta rlate
or Related Doaumer ts, togetfer watt all renewals of, ex ensians of, n odifioations of, con selidation- of and -i itstitutions far the Plate
a Related Doo urnents and ami amount axFet dad or ad, iamasd b;I Lender to nisei arge lrustor's obligations or expenses ircumed b,I
trustee or L et der to er forme Tnistorh ablig attic ns under this Dead of Trust, to gothe r with interest an ; uct amount: as 1rovit led in tt is
0 eed of Tru; t.
Lender. the ward "Lender" means SUNWHST HA rIK, its sucoessars and assigns.
DO 9D OF TRL 9T
Loan ho: 700437001 (Cun'llnuec) Page 9
Note. The v and "Note" rue ana lee prorrimary rote elated Decemter 16, : t108, 11 the onigit at pincip7l s mt t nt o1
$1,240,000.00 Aram Truster to Lander, together with all rerewals al, vitansions of, madtflcatians of, refteanaings al,
cor salidalioi a of, and substitutions for tt a prorvissory i ate or agreement.
personal Property. The words "Renanal Rroperty" raear all egilipnent, flxures, incl other arlieles al Iersoral Ilraparty, novo or
hereafter own ed by Trustor, and r cvi or hereaAer ataahad or affl: ed to tee Real Properly; together with all accessions, parts, and
addittoe s to, all replaaarranti of, and all out Etitutioi s lor, or y of suet prop ert51; and togett er with all proceeds (Inchuling wiitt out
Ilrritatie n all it siiranas I roeeads and relbirds oil prion iurri) fron anj1 sale a otl ar disposition of ti e Propert). Tt a Words "Persot al
Prolert,I" also inalude all tangible and intangible items obtaired or owned 111, or it tte peasessioi of 7rLator that are directly or
it directly ralate+i to tl a aagi laitian, clevelagn ent, desigi , corstruction, permitlii g, n arketir g, or tat itation ofithe Real Properly or the
irrpranements to be aorstructed an the Real Prepeety, vihailter heretofore or hereaAer i"iied, prepared, or executed, including
will out lin Ration all permits, Naenses, suNari:attons and appt-mials, tradenarlls and traclenanes, and any and all lard use
or titlerr eats, developer ent i'ghts, seHier capacity, approvals, dei city allocatiana aacl ott er rights or app royals relating to or at. tharr ing
to a development or aaalpanay of tee Property, plus all utility c r oft er deposits, rein bursament e'ghh, studies, taste, contrasts, plans
and speaillaalionE, relatti g to tee Prc party at d In prariamants.
R raperty. TI a word "F repa►ly1" rnear s aolloatively tee Real Pr( party and tl a PerEanal Property.
Real Properly. the viords "Real Property" mear ti a nal progert!I, it terests and rights, as fdrther dosaril eel in Itis Deed c ITreat.
Related Doetnents. Tte vicrds "Related Ilacurnants" mean all prorniasary rotes, credit agreements, hat agreements, seaurity
agreements, margages, deads of trust, Eeourity eleoch, collateral n crtgages, and all other instrurrents, agreements and doaunet ts,
vihatter r ovi or I ersafter e,iisting, et eluted in ecnneetlan witl tha Irilebtedness; wiaepI tl at tI a viords Ola net nean any guaranty) or
environmental agreement, wt etl er now or hereafter existing, ernesuted it conr eatic r vdth tee Indebtedness.
Rents. TI a Hiard "Rents" n eans all I resent and lett re leases, rents, re, ienues, it carne, iasua;i, royalties, profits, at cl off er benefits
clerhied Aram tt a Properly toge ther with tI a sash praeeeds a lel a Rents.
Trustee. The warcl "Trustee" rnears 31,11 S7 BANK, wthase address is 1154: AA 3T 17th STRI BT, 7t13TIN, CA 9: 380 and any
sue stitute or IUSCOS80r trLstees.
Trustor. Tho ward "Tris tor" means HAB ITA -1 FIOR HUN ANITY OR ORANGE COUNTY, INC..
TRI I STOR ACKNOWL EDGIS HAVING READ AL L 1HE PROVISIONS (IF THIS DEEE OF TR 11311, AND TRI13TOR AGR9BS 74 ITS 119RM3.
TR ti S TOR:
HABIT T F OR HUMANITY O1 ORA C U TY, R la .
By:
SHARON ELLIS, resident(E)e. Director of HABITAT FOR HUNAIIITII OF
ORANGE COUNTY, INC.
DEED OF TRL 9T
Roan N a : 700437001 (Gantinuec) Page 10
I
I
CORTIMATE OF fiiap N OWU 9DGMW 1
TATI 0 F CA
) St
CGII' TSI of 02 16E
Cin 2( Q_ before n e, PUTAr A. PAA kle -CAR Y NU4-&46
(here it cert a E n e it r d title of tt a ofiiaer)
penianallyl appeared SHARON ELL 11, wit o proved to rao an tt a basis of satisfactory awiclei co to to tl a penianW who.+ r ameW is/ars
s ul saril ad to th■ wwiitt is instrurr er t ar d sal rowiledgei I to me that helsl eltkwall e:ieeiuted tl a same in I i, lhsrltt & s ttl 01'2acl capacity(+es),
e nt l that t y #ii /her/their a igi attire(s{ or tl a n stn irr er t the parser (el , or tt e e ntity upon bet alf of wihiuh tt a Pers or (e) a stet I, eneat.ited 11 e
instrun a nt.
I car ifj ui der HE NAI Til 01 FIERJURY tinter the laws of the State of ( aliforr is that tl a foregoing paragrapl is tri a ar d correct.
7RIIA A. 1 O! S
ComIsak no 1C �7137167
ie
W ITNESS my t at d a nd affil tial seal. Notary Pdt Ne - Callta tr la
Orangq Count)
/J WCorrm eqa mApr la,201 I
1'h I rww-- - -- - -
91ga attire
(DCI hOT REQCIRD)
RE QL E1117 FOR FL LL RECIOh ti EYM pe
(7o t o use d a r 1) I v it s r of li(latioa s l ai e t ea n paid it full)
7a: „ 7n. s tea
(Seal)
IN underiiilred it the Iellal awrerEn(I holder of all Ir dottadnew securscl by this Deed of Trust, AM imi soar reit ty this Ieed of Trust
tawe t eon fulfil piiid and si tisfied. Yau are herel yl ilireated, upon pallraent to you of at yl Burns awiirg to you order tl a terror of tl is (Iced
of Trust or 1tinivar t to at y appllcat14 ctstuta, to carpel It a Note secured bbl this Deed of Traist (,Ail icl is delivered to !lou together with
this Dead of 7 rust), ai d to recam ell, v ilthaut wvarrar ty, to the patiles desigi atad I yi tl a terms of this Deed of Trust, tl a estate naw I eld
b+1 Yau ix der this Daed of Tn Et. Pte ase mail the recam el lai as ai cl Related C ust n ents to:
Ds
Bet elich ry:
By I:
Its:
LASE 11 RRO lerding, Ver. 3.42.00.0041 ( opr. Harland IIEr ai sial ; ali tiers, Ina. 1997, 2001. All Rigg is Resariad. - ( A
vactistinwbl( 11111 RL1GO1.FC TII-7404 PR -34
C C.1T11 OF SAN JUAN 4APIS71 A I A
San Juan Cupid ano '
... Uom mumr7 Redcvdopmz.
. ...
... ......................
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4, CFR`I OF SP'' KPIN C'.P IISIRI N(I
N 0111RICATION CIR MOOTING OR ROTENVAIL IN TERRIST
TIN JUAN CAPISTF AIN O RED®V BLOHMENT AG9N CY
lhEl Bclard of Diiiaatars a'I San Juan Clapistnano Community Fled ElvelapmElnt AgElncy will
mee'l at 6:3a p.rri. cm Tuesday, Januaryl 2C1, 2(1a9, in thEl Ci11y Council Chamber in Clity
Hall, 11a cansiden: "Cansitcialian of a Subordina,lian fiIgrecimimil betwleein the
Carnrnu nilly Relc er elclgrnienll Agency, Hab itail far Humanity Orancle Caunty, anlc
111unlwesl Bank" — Item N o. H3.
111 you haVE1 specific thoughts on cancerns nElgaiding this i11Elm, you aliEl Elncaunaged 1ci
participa-le in Ihis dElcision making pracElss. You can canimulil lEl wilt thEl 9aand all
❑irecilons Ihiiaugh carmuspandelnaer addressEld io thEl Board and,kln by atlending he
meElling and spelal ing to 11he 9aand during 11he public mauling.
CcinrElspcmdernce nellaled to this item rriusi be necElived al thEl City Ckink's aflicEI by 5:00
p.m. cin Monday, JanuarA 19, 2009 to allow time ,kin if a Baand la carlsidEln its conllElnl.
11 you would lit a la speak ail thEl moeiing, plElasEI CamplelilEl a ) allow " Reques'I to Speak"
Harm found inside It El entnance to 1hEl Council ClhambEln. This klrm is Turned in al ihEl
staff table, just in lnclnt of the Council dais. Yau will be called to speak by -Ihe Chairman
wt an Ih(i iterni is cansidEmeld.
Yau have reCEIIVEId 'This notice at the nEiquElst of thEl Clity staff rniember ❑auglas D.
Dumhari, Bconcimic DEIVEdapmenl Managen. You may cantacll Ihail slafi membElr al
(949) 44 3-9313 with any quElslians.
lit a agElnda, including agenda reparis, is availablEl 1ci you an aun wElb side:
www.sanivancapistnana.onc. If you would lil' a io subscribe la receive a natiae when
agendas anal pas led to IhEI web site, pleas makEi that relquesi by sending an EI -mail ici:
CityClElrkCaD-sanJuan capis lnana.cing.
MEIg Manahan, MMC
Ci'ly Clleak
cc: Mank Karanda, 8xElculivE1 ❑ineclar F abilat kir Humanil� ; Bnladkird C. F ociVEin,
Executive % tae PIElsidElnt "IIunwElst Bank; Dauglas D. ❑umhar, , Bconamic
❑evelclpmenl ManagEln
J140 Ho sea Adelamlo . San Juan Cagistvano . California 114115 11949' 493. H11
0PAolad m 100'1 n.cytled paper