22-1230_26874 ORTEGA HWY LLC_Assignment of Leases and Rents (124-160-56 & 57)RECORDATION REQUESTED BY:
FIDELITY NATIONAL TITLE COMPANY
WHEN RECORDED MAIL TO:
CalPrivate Bank
Newport Office
4675 MacArthur Ct. Ste 1450
Newport Beach, CA 92660
Recorded in Official Records, Orange County
Hugh Nguyen, Clerk -Recorder
II I I II II I I I II III I I IIII I I II 47.00
*$ R 0 0 1 4 1 3 4 7 3 5$
202200042175111:40 am 12/30/22
90 CR-SC06 A34 A36 12
0.00 0.00 0.00 0.00 33.00 0.00 0.000.000.00 0.00
SEND TAX NOTICES TO:
26874 Ortega Hghway LLC, a California lirnited liability
cY
31791 Los Rios Street
San Juan Capistrano CA 92675 FCR FE-CORDERS USE ONLY
ASSIGNMENT OF LEASES AND RENTS
THIS ASSIGNMENT OF LEASES AND RENTS dated December 28, 2022, is made and executed between
26874 Ortega Highway LLC, a California limited Liability company, whose address is 31791 Los Rios Street,
San Juan Capistrano, CA 92675 (referred to below as "Grantor") and CalPrivate Bank, whose address is 4675
MacArthur Ct. Ste 1450, Newport Beach, CA 92660 (referred to below as "Lender").
ASSIGNMENT. For valuable consideration, Grantor hereby assigns, grants a continuing security interest in, and
conveys to Lender all of Grantor's right, title, and interest in and to the Leases and Rents from the following
described Property located in Orange County, State of California:
See Exhibit "A" Legal Description, which is attached to this Assignment and made a part of this
Assignment as if fully set forth herein.
The Property or its address is commonly known as 31776 EI Camino Real, San Juan Capistrano, CA 92675.
The Assessor's Parcel Number for the Property is 124-160-57 and 124-160-56.
This is an absolute assignment of Leases and Rents made in connection with an obligation secured by property
pursuant to California Civil Code section 2938.
FUTURE ADVANCES. in addition to the Note, this Assignment secures all future advances made by Lender to Grantor whether or not the
advances are made pursuant to a commitment. Specifically, without limitation, this Assignment secures, in addition to the amounts
specified in the Note, all future amounts Lender in its discretion may loan to Grantor, together with all interest thereon.
THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY AND ALL
OBLIGATIONS OF GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS. THIS ASSIGNMENT IS GIVEN
AND ACCEPTED ON THE FOLLOWING TERMS:
PAYMENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents, Grantor shall pay to Lender
all amounts secured by this Assignment as they become due, and shall strictly perform all of Grantor's obligations under this Assignment.
Unless and until Lender exercises its right to collect the Leases and Rents as provided below and so long as there is no default under this
Assignment, Grantor may remain in possession and control of and operate and manage the Property and collect the Leases and Rents,
provided that the granting of the right to collect the Leases and Rents shall not constitute Lender's consent to the use of cash collateral in
a bankruptcy proceeding.
GRANTOR'S REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE LEASES AND RENTS. With respect to the Leases and
Rents, Grantor represents and warrants to Lender that:
Ownership. Grantor is entitled to receive the Leases and Rents free and clear of all rights, loans, liens, encumbrances, and claims
except as disclosed to and accepted by Lender in writing.
Right to Assign. Grantor has the full right, power and authority to enter into this Assignment and to assign and convey the Leases
and Rents to Lender.
No Prior Assignment. Grantor has not previously assigned or conveyed the Leases and Rents to any other person by any instrument
now in force.
No Further Transfer. Grantor will not sell, assign, encumber, or otherwise dispose of any of Grantor's rights in the Leases and Rents
except as provided in this Assignment.
LENDER'S RIGHT TO COLLECT LEASES AND RENTS. Lender shall have the right at any time, and even though no default shall have
occurred under this Assignment, to collect and receive the Leases and Rents. For this purpose, Lender is hereby given and granted the
following rights, powers and authority:
Notice to Tenants. Lender may send notices to any and all tenants of the Property advising them of this Assignment and directing all
Exempt from fee per GC27 P' ` i (a) (2);
*DT. Recording Concurrently Herewith recorded concurrently in connection with UNRECORDED LEASES
a transfer subject to the imposition of
documentary transfer tax
ASSIGNMENT OF LEASES AND RENTS
Loan No: 660561 (Continued) Page 2
of the Property, including such proceedings as may be necessary to recover possession of the Property; collect the Leases and Rents
and remove any tenant or tenants or other persons from the Property.
Maintain the Property. Lender may enter upon the Property to maintain the Property and keep the same in repair; to pay the costs
thereof and of all services of all employees, including their equipment, and of all continuing costs and expenses of maintaining the
Property in proper repair and condition, and also to pay all taxes, assessments and water utilities, and the premiums on fire and other
insurance effected by Lender on the Property.
Compliance with Laws. Lender may do any and all things to execute and comply with the laws of the State of California and also all
other laws, rules, orders, ordinances and requirements of all other governmental agencies affecting the Property.
Lease the Property. Lender may rent or lease the whole or any part of the Property for such term or terms and on such conditions as
Lender may deem appropriate.
Employ Agents. Lender may engage such agent or agents as Lender may deem appropriate, either in Lender's name or in Grantor's
name, to rent and manage the Property, including the collection and application of Leases and Rents.
Other Acts. Lender may do all such other things and acts with respect to the Property as Lender may deem appropriate and may act
exclusively and solely in the place and stead of Grantor and to have all of the powers of Grantor for the purposes stated above.
No Requirement to Act. Lender shall not be required to do any of the foregoing acts or things, and the fact that Lender shall have
performed one or more of the foregoing acts or things shall not require Lender to do any other specific act or thing.
APPLICATION OF LEASES AND RENTS. All costs and expenses incurred by Lender in connection with the Property shall be for Grantor's
account and Lender may pay such costs and expenses from the Leases and Rents. Lender, in its sole discretion, shall determine the
application of any and all Leases and Rents received by it; however, any such Leases and Rents received by Lender which are not applied
to such costs and expenses shall be applied to the Indebtedness. All expenditures made by Lender under this Assignment and not
reimbursed from the Leases and Rents shall become a part of the Indebtedness secured by this Assignment, and shall be payable on
demand, with interest at the Note rate from date of expenditure until paid.
FULL PERFORMANCE. if Grantor pays all of the Indebtedness when due and otherwise performs all the obligations imposed upon Grantor
under this Assignment, the Note, and the Related Documents, Lender shall execute and deliver to Grantor a suitable satisfaction of this
Assignment and suitable statements of termination of any financing statement on file evidencing Lender's security interest in the Leases
and Rents and the Property. Any termination fee required by law shall be paid by Grantor, if permitted by applicable law.
LENDER'S EXPENDITURES. If any action or proceeding is commenced that would materially affect Lender's interest in the Property or if
Grantor fails to comply with any provision of this Assignment or any Related Documents, including but not limited to Grantor's failure to
discharge or pay when due any amounts Grantor is required to discharge or pay under this Assignment or any Related Documents, Lender
on Grantor's behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to
discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any time levied or placed on the Leases and
Rents or the Property and paying all costs for insuring, maintaining and preserving the Property. All such expenditures incurred or paid by
Lender for such purposes will then bear interest at the rate charged under the Note from the date incurred or paid by Lender to the date of
repayment by Grantor. All such expenses will become a part of the Indebtedness and, at Lender's option, will (A) be payable on demand;
(B) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during
either (1) the term of any applicable insurance policy; or (2) the remaining term of the Note; or (C) be treated as a balloon payment
which will be due and payable at the Note's maturity. The Assignment also will secure payment of these amounts. Such right shall be in
addition to all other rights and remedies to which Lender may be entitled upon the occurrence of any Event of Default.
DEFAULT. Each of the following, at Lender's option, shall constitute an Event of Default under this Assignment:
Payment Default. Grantor fails to make any payment when due under the Indebtedness.
Other Defaults. Grantor fails to comply with or to perform any other term, obligation, covenant or condition contained in this
Assignment or in any of the Related Documents or to comply with or to perform any term, obligation, covenant or condition contained
in any other agreement between Lender and Grantor.
Default on Other Payments. Failure of Grantor within the time required by this Assignment to make any payment for taxes or
insurance, or any other payment necessary to prevent fling of or to effect discharge of any lien.
Default in Favor of Third Parties. Any guarantor or Grantor defaults under any loan, extension of credit, security agreement, purchase
or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of any guarantor's
or Grantor's property or ability to perform their respective obligations under this Assignment or any of the Related Documents.
Environmental Default. Failure of any party to comply with or perform when due any term, obligation, covenant or condition contained
in any environmental agreement executed in connection with the Property.
False Statements. Any warranty, representation or statement made or furnished to Lender by Grantor or on Grantor's behalf under
this Assignment or the Related Documents is false or misleading in any material respect, either now or at the time made or furnished
or becomes false or misleading at any time thereafter.
Defective Collateralization. This Assignment or any of the Related Documents ceases to be in full force and effect (including failure of
any collateral document to create a valid and perfected security interest or lien) at any time and for any reason.
Death or Insolvency. The dissolution of Grantor's (regardless of whether election to continue is made), any member withdraws from
the limited liability company, or any other termination of Grantor's existence as a going business or the death of any member, the
insolvency of Grantor, the appointment of a receiver for any part of Grantor's property, any assignment for the benefit of creditors,
any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against
Grantor.
Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help,
ASSIGNMENT OF LEASES AND RENTS
Loan No: 660561 (Continued) Page 3
repossession or any other method, by any creditor of Grantor or by any governmental agency against the Leases and Rents or any
property securing the Indebtedness. This includes a garnishment of any of Grantor's accounts, including deposit accounts, with
Lender. However, this Event of Default shall not apply if there is a good faith dispute by Grantor as to the validity or reasonableness
of the claim which is the basis of the creditor or forfeiture proceeding and if Grantor gives Lender written notice of the creditor or
forfeiture proceeding and deposits with Lender monies or a surety bond for the creditor or forfeiture proceeding, in an amount
determined by Lender, in its sole discretion, as being an adequate reserve or bond for the dispute.
Property Damage or Loss. The Property is lost, stolen, substantially damaged, sold, or borrowed against_
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or any
Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness.
Adverse Change. A material adverse change occurs in Grantor's financial condition, or Lender believes the prospect of payment or
performance of the Indebtedness is impaired.
Cure Provisions. If any default, other than a default in payment, is curable and if Grantor has not been given a notice of a breach of
the same provision of this Assignment within the preceding twelve (12) months, it may be cured if Grantor, after Lender sends written
notice to Grantor demanding cure of such default: (1) cures the default within ten (10) days; or (2) if the cure requires more than
ten (10) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and
thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably
practical.
RIGHTS AND REMEDIES ON DEFAULT. Upon the occurrence of any Event of Default and at any time thereafter, Lender may exercise any
one or more of the following rights and remedies, in addition to any other rights or remedies provided by Iaw:
Accelerate Indebtedness. Lender shall have the right at its option without notice to Grantor to declare the entire Indebtedness
immediately due and payable, including any prepayment fee that Grantor would be required to pay.
Collect Leases and Rents. Lender shall have the right, without notice to Grantor, to take possession of the Property and collect the
Leases and Rents, including amounts past due and unpaid, and apply the net proceeds, over and above Lender's costs, against the
Indebtedness. In furtherance of this right, Lender shall have all the rights provided for in the Lender's Right to Receive and Collect
Leases and Rents Section, above. If the Leases and Rents are collected by Lender, then Grantor irrevocably designates Lender as
Grantor's attorney-in-fact to endorse instruments received in payment thereof in the name of Grantor and to negotiate the same and
collect the proceeds. Payments by tenants or other users to Lender in response to Lender's demand shall satisfy the obligations for
which the payments are made, whether or not any proper grounds for the demand existed. Lender may exercise its rights under this
subparagraph either in person, by agent, or through a receiver.
Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of all or any part of the Property, with
the power to protect and preserve the Property, to operate the Property preceding foreclosure or sale, and to collect the Leases and
Rents from the Property and apply the proceeds, over and above the cost of the receivership, against the Indebtedness. The receiver
may serve without bond if permitted by law. Lender's right to the appointment of a receiver shall exist whether or not the apparent
value of the Property exceeds the Indebtedness by a substantial amount. Employment by Lender shall not disqualify a person from
serving as a receiver.
Other Remedies. Lender shall have all other rights and remedies provided in this Assignment or the Note or by law.
Election of Remedies. Election by Lender to pursue any remedy shall not exclude pursuit of any other remedy, and an election to make
expenditures or to take action to perform an obligation of Grantor under this Assignment, after Grantor's failure to perform, shall not
affect Lender's right to declare a default and exercise its remedies.
Attorneys' Fees; Expenses. If Lender institutes any suit or action to enforce any of the terms of this Assignment, Lender shall be
entitled to recover such sum as the court may adjudge reasonable as attorneys' fees at trial and upon any appeal. Whether or not any
court action is involved, and to the extent not prohibited by law, all reasonable expenses Lender incurs that in Lender's opinion are
necessary at any time for the protection of its interest or the enforcement of its rights shall become a part of the Indebtedness payable
on demand and shall bear interest at the Note rate from the date of the expenditure until repaid. Expenses covered by this paragraph
include, without limitation, however subject to any limits under applicable law, Lender's attorneys' fees and Lender's legal expenses,
whether or not there is a lawsuit, including attorneys' fees and expenses for bankruptcy proceedings (including efforts to modify or
vacate any automatic stay or injunction), appeals, and any anticipated post -judgment collection services, the cost of searching
records, obtaining title reports (including foreclosure reports), surveyors' reports, and appraisal fees, title insurance, and fees for the
Trustee, to the extent permitted by applicable law. Grantor also will pay any court costs, in addition to all other sums provided by
law.
MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of this Assignment:
Amendments. This Assignment, together with any Related Documents, constitutes the entire understanding and agreement of the
parties as to the matters set forth in this Assignment. No alteration of or amendment to this Assignment shall be effective unless
given in writing and signed by the party or parties sought to be charged or bound by the alteration or amendment.
Caption Headings. Caption headings in this Assignment are for convenience purposes only and are not to be used to interpret or
define the provisions of this Assignment.
Governing Law. This Assignment will be governed by federal law applicable to Lender and, to the extent not preempted by federal
law, the laws of the State of California without regard to its conflicts of law provisions. This Assignment has been accepted by
Lender in the State of California.
Choice of Venue. If there is a lawsuit, Grantor agrees upon Lender's request to submit to the jurisdiction of the courts of Orange
County, State of California.
Merger. There shall be no merger of the interest or estate created by this Assignment with any other interest or estate in the Property
ASSIGNMENT OF LEASES AND RENTS
Loan No: 660561 (Continued) Page 4
at any time held by or for the benefit of Lender in any capacity, without the written consent of Lender.
Interpretation. (1) In all cases where there is more than one Borrower or Grantor, then all words used in this Assignment in the
singular shall be deemed to have been used in the plural where the context and construction so require. (2) if more than one person
signs this Assignment as "Grantor," the obligations of each Grantor are joint and several. This means that if Lender brings a lawsuit,
Lender may sue any one or more of the Grantors. If Borrower and Grantor are not the same person, Lender need not sue Borrower
first, and that Borrower need not be joined in any lawsuit. (3) The names given to paragraphs or sections in this Assignment are for
convenience purposes only. They are not to be used to interpret or define the provisions of this Assignment.
No Waiver by Lender. Lender shall not be deemed to have waived any rights under this Assignment unless such waiver is given in
writing and signed by Lender. No delay or omission on the part of Lender in exercising any right shall operate as a waiver of such
right or any other right. A waiver by Lender of a provision of this Assignment shall not prejudice or constitute a waiver of Lender's
right otherwise to demand strict compliance with that provision or any other provision of this Assignment. No prior waiver by Lender,
nor any course of dealing between Lender and Grantor, shall constitute a waiver of any of Lender's rights or of any of Grantor's
obligations as to any future transactions. Whenever the consent of Lender is required under this Assignment, the granting of such
consent by Lender in any instance shall not constitute continuing consent to subsequent instances where such consent is required and
in all cases such consent may be granted or withheld in the sole discretion of Lender.
Notices. Any notice required to be given under this Assignment shall be given in writing, and shall be effective when actually
delivered, when actually received by telefacsimile (unless otherwise required by law), when deposited with a nationally recognized
overnight courier, or, if mailed, when deposited in the United States mail, as first class, certified or registered mail postage prepaid,
directed to the addresses shown near the beginning of this Assignment. Any party may change its address for notices under this
Assignment by giving formal written notice to the other parties, specifying that the purpose of the notice is to change the parry's
address. For notice purposes, Grantor agrees to keep Lender informed at all times of Grantor's current address. Unless otherwise
provided or required by law, if there is more than one Grantor, any notice given by Lender to any Grantor is deemed to be notice given
to all Grantors.
Powers of Attorney. The various agencies and powers of attorney conveyed on Lender under this Assignment are granted for
purposes of security and may not be revoked by Grantor until such time as the same are renounced by Lender.
Severability. if a court of competent jurisdiction finds any provision of this Assignment to be illegal, invalid, or unenforceable as to
any circumstance, that finding shall not make the offending provision illegal, invalid, or unenforceable as to any other circumstance. If
feasible, the offending provision shall be considered modified so that it becomes legal, valid and enforceable. If the offending
provision cannot be so modified, it shall be considered deleted from this Assignment. Unless otherwise required by law, the illegality,
invalidity, or unenforceability of any provision of this Assignment shall not affect the legality, validity or enforceability of any other
provision of this Assignment.
Successors and Assigns. Subject to any limitations stated in this Assignment on transfer of Grantor's interest, this Assignment shall
be binding upon and inure to the benefit of the parties, their successors and assigns. If ownership of the Property becomes vested in
a person other than Grantor, Lender, without notice to Grantor, may deal with Grantor's successors with reference to this Assignment
and the Indebtedness by way of forbearance or extension without releasing Grantor from the obligations of this Assignment or liability
under the Indebtedness.
Time is of the Essence. Time is of the essence in the performance of this Assignment.
Waiver of Right of Redemption. NOTWITHSTANDING ANY OF THE PROVISIONS TO THE CONTRARY CONTAINED IN THIS
ASSIGNMENT, GRANTOR HEREBY WAIVES ANY AND ALL RIGHTS OF REDEMPTION FROM SALE UNDER ANY ORDER OR
JUDGMENT OF FORECLOSURE ON GRANTOR'S BEHALF AND ON BEHALF OF EACH AND EVERY PERSON, EXCEPT JUDGMENT
CREDITORS OF GRANTOR, ACQUIRING ANY INTEREST IN OR TITLE TO THE PROPERTY SUBSEQUENT TO THE DATE OF THIS
ASSIGNMENT.
DEFINITIONS. The following capitalized words and terms shall have the following meanings when used in this Assignment. Unless
specifically stated to the contrary, all references to dollar amounts shall mean amounts in lawful money of the United States of America.
Words and terms used in the singular shall include the plural, and the plural shall include the singular, as the context may require. Words
and terms not otherwise defined in this Assignment shall have the meanings attributed to such terms in the Uniform Commercial Code:
Assignment. The word "Assignment" means this ASSIGNMENT OF LEASES AND RENTS, as this ASSIGNMENT OF LEASES AND
RENTS may be amended or modified from time to time, together with all exhibits and schedules attached to this ASSIGNMENT OF
LEASES AND RENTS from time to time.
Borrower. The word "Borrower" means 26874 Ortega Highway LLC, a California limited liability company.
Event of Default. The words "Event of default" mean any of the events of default set forth in this Assignment in the default section
of this Assignment.
Grantor. The word "Grantor" means 26874 Ortega Highway LLC, a California limited liability company.
Guarantor. The word "Guarantor" means any guarantor, surety, or accommodation party of any or all of the Indebtedness.
Guaranty. The word "Guaranty" means the guaranty from Guarantor to Lender, including without limitation a guaranty of all or part of
the Note.
Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts, costs and expenses payable under the Note
or Related Documents, together with all renewals of, extensions of, modifications of, consolidations of and substitutions for the Note
or Related Documents and any amounts expended or advanced by Lender to discharge Grantor's obligations or expenses incurred by
Lender to enforce Grantor's obligations under this Assignment, together with interest on such amounts as provided in this
Assignment.
Leases and Rents. The words "Leases and Rents" mean all of Grantor's present and future rights, title and interest in, to and under
ASSIGNMENT OF LEASES AND RENTS
Loan No: 660561 (Continued) Page 5
any and all present and future leases, including, without limitation, all rents, revenue, income, issues, royalties, bonuses, accounts
receivable, cash or security deposits, advance rentals, profits and proceeds from the Property, and other payments and benefits
derived or to be derived from such leases of every kind and nature, whether due now or later, including without limitation Grantor's
right to enforce such leases and to receive and collect payment and proceeds thereunder.
Lender. The word "Lender" means CalPrivate Bank, its successors and assigns.
Note. The word "Note" means the promissory note dated December 28, 2022, in the original principal amount of
$2,081,000.00 from Grantor to Lender, together with all renewals of, extensions of, modifications of, refinancings of,
consolidations of, and substitutions for the promissory note or agreement.
Property. The word "Property" means all of Grantor's right, title and interest in and to all the Property as described in the
"Assignment" section of this Assignment.
Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan agreements, security
agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other instruments, agreements and documents,
whether now or hereafter existing, executed in connection with the Indebtedness; except that the words do not mean any guaranty or
environmental agreement, whether now or hereafter existing, executed in connection with the Indebtedness.
THE UNDERSIGNED ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS ASSIGNMENT, AND NOT PERSONALLY BUT AS
AN AUTHORIZED SIGNER, HAS CAUSED THIS ASSIGNMENT TO BE SIGNED AND EXECUTED ON BEHALF OF GRANTOR ON DECEMBER
28, 2022.
GRANTOR:
26874 ORTEGA HIG LLC, A CALIFORNIA LIMITED LIABILITY COMPANY
050;;0_00C 4
By: oe
Dan M. Almquist, Managing Member of26-874 Ortega Highway LLC,
California limited liability company
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to
which this certificate is attached, and not the truthfulness, accuracy or validity of that document.
STATE OF C,0,� l �'6<-SR N o_..
COUNTY OF O 17C!, -L
On 11t Q ..Y Z� 20 2Z before me, V �1� t�sott u1CS (ti nY cl Cirri\m:L-
(here insert name and title of the officer) -------
personally appeared Dan M. Almquist, who proved to me on the basis of satisfactory evidence to be the personM whose name(s4 is/9
subscribed to the within instrument and acknowledged to me that he/s:Ke/ti6y executed the same in his/t Yf;a*r authorized capacity(n$
and that by his/h fr/tt*ir signature(14 on the instrument the person(§, or the entity upon behalf of which the person( acted, executed the
instrument.
certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.
"o, MARY W. CARNES
WITNESS my hand and official seal. Notary Public - Catifornia
Orange County
Commission # 2427148
My Comm. Expires Dec 13, 2026
Signature (Seal)
ASSIGNMENT OF LEASES AND RENTS
Loan No: 660561 (Continued) Page 6
LaserPro, Ver. 21.4.0.034 Copr. Finastra USA Corporation 1997, 2022. All Rights Reserved. - CA C:IHARLANDICFIILPUGI4.FC
TR -5130 PR -7
EXHIBIT A
LEGAL DESCRIPTION
THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF SAN JUAN CAPISTRANO IN THE
COUNTY OF ORANGE, STATE OF CALIFORNIA, AND IS DESCRIBED AS FOLLOWS:
PARCEL 1:
THAT PORTION OF LOT 20 OF TRACT NO. 103, IN THE CITY OF SAN JUAN CAPISTRANO, COUNTY OF
ORANGE, STATE OF CALIFORNIA, AS SHOWN ON A MAP RECORDED IN BOOK 11, PAGES 29 THROUGH
33 OF MISCELLANEOUS MAPS, RECORDS OF ORANGE COUNTY, CALIFORNIA, LYING WESTERLY OF
THE SOUTHERLY PROLONGATION OF THE EASTERLY LINE OF LOT 23 OF SAID TRACT NO. 103.
A PORTION OF APN: 124-160-57
LOT 23 OF TRACT NO. 103, IN THE CITY OF SAN JUAN CAPISTRANO, COUNTY OF ORANGE, STATE OF
CALIFORNIA, AS SHOWN ON A MAP RECORDED IN BOOK 11, PAGES 29 THROUGH 33 OF
MISCELLANEOUS MAPS, RECORDS OF ORANGE COUNTY, CALIFORNIA.
EXCEPTING THEREFROM ANY PORTION OF SAID LOT 23 NOT INCLUDED IN THE DEED FROM ROSA
RIOS TO MARIA BALBANEDO RUIZ, RECORDED SEPTEMBER 29, 1885 IN BOOK 146, PAGE 102 OF
DEEDS, RECORDS OF LOS ANGELES COUNTY, CALIFORNIA, WHICH DEED DESCRIBES THE
FOLLOWING:
BEGINNING AT THE NORTHWEST CORNER OF LOT 1 IN BLOCK 10 OF THE TOWN OF SAN JUAN
CAPISTRANO;
THENCE SOUTH 10-1/2 DEGREES EAST TO A STAKE, A DISTANCE OF 51 FEET;
THENCE SOUTH 7-1/2 DEGREES WEST, 31 FEET TO THE CORNER OF RIVERINS LAND;
THENCE SOUTH 82 DEGREES EAST, 125 FEET TO A STAKE;
THENCE NORTHERLY TO THE SOUTH LINE OF OLIVE STREET, A DISTANCE OF 79 FEET;
THENCE NORTH 81 DEGREES WEST ALONG THE SOUTH BOUNDARY OF OLIVE STREET, 145 FEET TO
THE POINT OF BEGINNING, BEING THE WEST ONE-HALF OF SAID LOT 1; REFERENCE BEING HEREBY
MADE TO THE OFFICIAL PLAT OF SAID TOWN ON FILE IN THE RECORDER'S OFFICE OF LOS ANGELES
COUNTY, CALIFORNIA.
ALSO EXCEPTING THEREFROM THAT PORTION OF SAID LAND DESCRIBED AS PARCEL 102505-1 IN
FINAL ORDER OF CONDEMNATIONS RECORDED JULY 24, 2013 AS INSTRUMENT NO. 2013000442463
AND JULY 25, 2013 AS INSTRUMENT NO. 2013000445919, BOTH OF OFFICIAL RECORDS.
ALSO EXCEPTING THAT PORTION OF LOT 23 OF TRACT NO. 103, IN THE CITY OF SAN JUAN
CAPISTRANO, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 11,
PAGES 29 THROUGH 33, INCLUSIVE OF MISCELLANEOUS MAPS, IN THE OFFICE OF THE
COUNTY RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS:
BEGINNING AT THE CENTERLINE INTERSECTION EL CAMINO REAL SOUTH AND ORTEGA
HIGHWAY AS SHOWN ON RECORD OF SURVEY NO. 2018-1140, AS PER MAP FILED IN BOOK 309,
PAGES 5 AND 6, OF RECORD OF SURVEYS, IN THE OFFICE OF SAID COUNTY RECORDER; THENCE,
ALONG SAID CENTERLINE OF ORTEGA HIGHWAY SOUTH 84°43'58" EAST 191.22 FEET TO THE
BEGINNING OF A TANGENT CURVE CONCAVE SOUTHWESTERLY, HAVING A RADIUS OF 660.03 FEET;
THENCE, AT RIGHT ANGLES, SOUTH 05°16'02" WEST 39.39 FEET; THENCE, PARALLEL WITH SAID
CENTERLINE, NORTH 84°43'58" WEST 35.88 FEET TO THE EASTERLY LINE OF SAID LOT 23, SHOWN AS
"L457" ON RECORD OF SURVEY NO. 2009-1078, AS PER MAP FILED IN BOOK 246, PAGES 32 TO 43,
s -•
INCLUSIVE, OF RECORD OF SURVEYS, IN THE OFFICE OF SAID COUNTY RECORDER AND THE TRUE
POINT OF BEGINNING;
THENCE, CONTINUING ALONG SAID PARALLEL LINE, NORTH 8943'58" WEST 82.33 FEET;
THENCE, AT RIGHT ANGLES, SOUTH 05°16'02" WEST 2.79 FEET; THENCE, NORTH 84°43'58" WEST
48.78 FEET TO THE WESTERLY LINE OF SAID LOT 23; THENCE, ALONG SAID WESTERLY LINE, NORTH
06°20'02" EAST 6.37 FEET; THENCE, CONTINUING ALONG SAID WESTERLY, NORTH 0817'56" WEST
50.93 FEET TO THE NORTHWEST CORNER OF SAID LOT 23; THENCE, ALONG THE NORTHERLY LINE
OF SAID LOT 23, SOUTH 81°1947" EAST 145.49 FEET TO THE NORTHEASTERLY CORNER OF
SAID LOT 23; THENCE, ALONG SAID EASTERLY LINE, SOUTH 08°12'43" WEST 44.51 FEET TO THE TRUE
POINT OF BEGINNING.
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PARCEL 3:
THAT PORTION OF LOT 20 OF TRACT NO. 103, IN THE CITY OF SAN JUAN CAPISTRANO, COUNTY OF
ORANGE, STATE OF CALIFORNIA, AS SHOWN ON A MAP RECORDED 1N BOOK 11, PAGES 29 THROUGH
33 OF MISCELLANEOUS MAPS, RECORDS OF ORANGE COUNTY, CALIFORNIA, LYING EASTERLY OF
THE SOUTHERLY PROLONGATION OF THE EASTERLY LINE OF LOT 23 OF SAID TRACT NO. 103.
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EXHIBIT A
(Continued)
PARCEL 4:
LOT 21 OF TRACT NO. 103, IN THE CITY OF SAN JUAN CAPISTRANO, COUNTY OF ORANGE, STATE OF
CALIFORNIA, AS SHOWN ON A MAP RECORDED IN BOOK 11, PAGES 29 THROUGH 33 OF
MISCELLANEOUS MAPS, RECORDS OF ORANGE COUNTY, CALIFORNIA.
EXCEPTING THEREFROM, THAT PORTION THEREOF LYING WESTERLY OF THE SOUTHERLY
PROLONGATION OF THE EASTERLY LINE OF LOT 22 OF SAID TRACT NO. 103.
ALSO EXCEPTING THEREFROM, THAT PORTION DESCRIBED IN DEED TO THE STATE OF CALIFORNIA
RECORDED OCTOBER 2, 1956 IN BOOK 3662, PAGE 435 OF OFFICIAL RECORDS OF SAID ORANGE
COUNTY.
A PORTION OF APN: 124-160-57
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A PORTION OF APN: 124-160-57
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THAT PORTION OF LOT 21 OF TRACT NO. 103, IN THE CITY OF SAN JUAN CAPISTRANO, COUNTY OF
ORANGE, STATE OF CALIFORNIA, AS SHOWN ON A MAP RECORDED IN BOOK 11, PAGES 29 THROUGH
33 OF MISCELLANEOUS MAPS, RECORDS OF ORANGE COUNTY, CALIFORNIA, DESCRIBED AS
FOLLOWS:
BEGINNING AT THE SOUTHEASTERLY CORNER OF LOT 23 OF SAID TRACT;
THENCE NORTH 8 DEGREES 11'49" EAST ALONG THE EASTERLY LINE OF SAID LOT 23, A DISTANCE OF
28.88 FEET TO A CURVE CONCAVE NORTHERLY AND HAVING A RADIUS OF 1050.00 FEET;
THENCE FROM A TANGENT BEARING SOUTH 88 DEGREES 50' 22" EAST, EASTERLY ALONG SAID
CURVE, THROUGH AN ANGLE OF 1 DEGREE 57' 37", AN ARC DISTANCE OF 35.92 FEET TO A POINT IN
THE WESTERLY PROLONGATION OF THE SOUTHERLY LINE OF THAT PARCEL OF LAND CONVEYED TO
THE STATE OF CALIFORNIA BY DEED RECORDED OCTOBER 2, 1956 IN BOOK 3662, PAGE 435 OF
OFFICIAL RECORDS IN THE OFFICE OF SAID COUNTY RECORDER, DISTANT ALONG SAID WESTERLY
PROLONGATION, WESTERLY 6.49 FEET FROM THE SOUTHERLY PROLONGATION OF THE EASTERLY
LINE OF LOT 22 OF SAID TRACT;
EXHIBIT A
(Continued)
THENCE EASTERLY ALONG SAID WESTERLY PROLONGATION, 6.49 FEET TO SAID SOUTHERLY
PROLONGATION;
THENCE SOUTHERLY ALONG SAID SOUTHERLY PROLONGATION, 32.42 FEET TO THE SOUTHERLY LINE
OF SAID LOT 21;
THENCE WESTERLY ALONG SAID SOUTHERLY LINE, TO THE POINT OF BEGINNING.
EXCEPTING THEREFROM ALL MINERALS, OILS, GASES AND OTHER HYDROCARBONS BY
WHATSOEVER NAME KNOWN, THAT MAY BE WITHIN OR UNDER SAID LAND WITHOUT, HOWEVER, THE
RIGHT TO DRILL, DIG OR MINE THROUGH THE SURFACE THEREOF, AS EXCEPTED IN THE DIRECTOR'S
DEED FROM THE STATE OF CALIFORNIA RECORDED APRIL 18, 1962 IN BOOK 6079, PAGE 258 OF
OFFICIAL RECORDS.
A PORTION OF APN: 124-160-57
PARCEL 7: INTENTIONALLY DELETED
PARCEL 9: INTENTIONALLY DELETED.
THAT PORTION OF SAID LAND CONVEYED TO THE STATE OF CALIFORNIA AS SET FORTH AND
DESCRIBED IN THAT CERTAIN DOCUMENT RECORDED JULY 24, 2013, AS INSTRUMENT NO.
2013000442463 AND RELINQUISHED TO THE CITY OF SAN JUAN CAPISTRANO BY THAT CERTAIN
DOCUMENT RECORDED AUGUST 26, 2019 AS INSTRUMENT NO. 2019000316332, BOTH OF OFFICIAL
RECORDS, DESCRIBED AS FOLLOWS:
PARCEL 102505-1
FOR STATE HIGHWAY PURPOSES, ALL OF THAT REAL PROPERTY DESCRIBED AS FOLLOWS:
COMMENCING AT THE INTERSECTION OF THE CENTERLINE OF EL CAMINO REAL (NORTH), 56' WIDE,
AND THE CENTERLINE OF THE CITY STREET CALLED ORTEGA HIGHWAY, ESTABLISHED PER R621,
BEING THE INTERSECTION OF LINE "L102" WITH LINE "L115" SHOWN ON SHEET 3 OF 8621;
THENCE ALONG SAID "1-102" AND ORTEGA HIGHWAY CENTERLINE,
(1) S84°43'58"E 82.64';
THENCE AT RIGHT ANGLES TO LAST SAID CENTERLINE,
(2) S05°16'02"W 40.00';
TO THE TRUE POINT OF BEGINNING IN LINE "L156" SHOWN ON SHEET 3 OF R621, BEING IN THE
SOUTHERLY BOUNDARY OF SAID ORTEGA HIGHWAY ESTABLISHED PER R621, FROM SAID BEGINNING
POINT THE EASTERLY TERMINUS OF "L156" BEARS S84°43'58"E 7.12';
THENCE LEAVING SAID ORTEGA HIGHWAY BOUNDARY,
EXHIBIT A
(Continued)
(3) S06°01'44"W 1.18';
THENCE,
(4) S84°16'08"E 82.59',
TO A POINT IN LINE "1157" SHOWN ON SHEET 3 OF R621, BEING IN SAID ORTEGA HIGHWAY
BOUNDARY, FROM LAST SAID POINT THE NORTHERLY TERMINUS OF "1157" BEARS N08°15'33"E 4.61';
THENCE ALONG SAID ORTEGA HIGHWAY BOUNDARY,
(5) N08°15'33"E 4.61';
TO A POINT IN NON -TANGENT CURVE OF RADIUS OF 1039.96', CONCAVE NORTHERLY, A RADIAL LINE
TO LAST SAID POINT BEARS S01*05'36"W;
THENCE WESTERLY ALONG SAID CURVE,
(6) AN ARC LENGTH OF 75.76', THROUGH A CENTRAL ANGLE OF 04°10'26';
THENCE LEAVING LAST SAID CURVE ALONG A TANGENT LINE,
(7) N84°43'58"W 7.12',
TO THE TRUE POINT OF BEGINNING.
APN: 124-160-56
PARCEL 12:
THAT PORTION OF LOT 21 OF TRACT NO. 103, IN THE CITY OF SAN JUAN CAPISTRANO, COUNTY OF
ORANGE, STATE OF CALIFORNIA, AS PER RECORDED IN BOOK 11, PAGES 29 THROUGH 33, INCLUSIVE,
OF MISCELLANEOUS MAPS, IN THE OFFICE OF COUNTY RECORDER OF SAID COUNTY, DESCRIBED AS
FOLLOWS:
BEGINNING AT THE CENTERLINE INTERSECTION EL CAMINO REAL SOUTH AND ORTEGA HIGHWAY AS
SHOWN ON RECORD OF SURVEY NO. 2018-1140, AS PER MAP FILED IN BOOK 309, PAGES 5 AND 6, OF
RECORD OF SURVEYS, IN THE OFFICE OF SAID COUNTY RECORDER; THENCE, ALONG SAID
CENTERLINE OF ORTEGA HIGHWAY SOUTH 84043'58" EAST 191.22 FEET TO THE BEGINNING OF A
TANGENT CURVE CONCAVE SOUTHWESTERLY, HAVING A RADIUS OF 660.03 FEET; THENCE, AT RIGHT
ANGLES, SOUTH 05°16'02" WEST 39.39 FEET TO THE TRUE POINT OF BEGINNING;
THENCE, PARALLEL WITH SAID CENTERLINE, NORTH 89°43'58" WEST 35.88 FEET TO THE WESTERLY
LINE OF SAID LOT 21, SHOWN AS "1_157" ON RECORD OF SURVEY NO. 2009-1078, AS PER MAP FILED IN
BOOK 246, PAGES 32 TO 43, INCLUSIVE, OF RECORD OF SURVEYS, IN THE OFFICE OF SAID COUNTY
RECORDER; THENCE, ALONG SAID WESTERLY LINE, SOUTH 08°15'33" WEST 7.98 FEET TO THE
BEGINNING OF A NON -TANGENT CURVE CONCAVE NORTHERLY HAVING A RADIUS OF 1050.00 FEET, A
RADIAL LINE BEARS SOUTH 01°09'43" WEST, SHOWN ON AS "C117" ON SAID RECORD OF SURVEY NO.
2009-1078; THENCE, ALONG SAID CURVE IN AN EASTERLY DIRECTION THROUGH A CENTRAL ANGLE
OF 01058'32" AN ARC LENGTH OF 36.20 FEET TO A LINE THAT PASSES THROUGH THE POINT OF
INTERSECTION OF THE EAST LINE OF LOT 23 OF SAID TRACT NO. 103 WITH THE SOUTH RIGHT OF
WAY LINE OF THE CALIFORNIA STATE HIGHWAY AS DESCRIBED IN DEED RECORDED IN BOOK 1046,
PAGE 292, OFFICIAL RECORDS OF SAID COUNTY RECORDER; THENCE, ALONG SAID RIGHT OF WAY
LINE, SHOWN AS "1158" ON SAID RECORD OF SURVEY, SOUTH 73°49'14" EAST 99.05 FEET TO THE
EASTERLY LINE OF SAID LOT 21; THENCE, ALONG SAID EASTERLY LINE, SHOWN AS "1-159" ON SAID
RECORD OF SURVEY NO. 2009-1078, NORTH 19°12'13" EAST 15.68 FEET TO THE NORTHERLY CORNER
OF THE LAND DESCRIBED AS PARCEL DD102506-01-01 IN DIRECTOR'S DEED RECORDED JULY 27,
2018 AS INSTRUMENT NO. 2018000274958, OFFICIAL RECORDS OF SAID COUNTY RECORDER AND THE
BEGINNING OF A NON -TANGENT CURVE CONCAVE SOUTHWESTERLY, CONCENTRIC WITH AND
DISTANT 39.39 FEET SOUTHERLY, TO SAID CENTERLINE OF ORTEGA HIGHWAY, HAVING A RADIUS OF
620.64 FEET, A RADIAL LINE BEARS NORTH 14°37'04" EAST, BEING TANGENT AT ITS ENDPOINT TO SAID
COURSE DESCRIBED AS "NORTH 84°43'58" WEST 35.88 FEET"; THENCE, ALONG SAID CURVE IN A
WESTERLY DIRECTION, THROUGH A CENTRAL ANGLE OF 09°20'50", AN ARC LENGTH OF 101.25 FEET
TO THE TRUE POINT OF BEGINNING.
EXHIBIT A
(Continued)
THE ABOVE-DESCRIBED LAND CONTAIN A TOTAL AREA OF APPROXIMATELY 1,383 SQUARE FEET.
NOTE: THIS COMPANY HAS PROVIDED SAID DESCRIPTION AS AN ACCOMMODATION FOR THE
PURPOSE OF FACILITATING THIS REPORT. SAID DESCRIPTION MAY NOT BE AN INSURABLE PARCEL
PURSUANT TO THE SUBDIVISION MAP ACT OF THE STATE OF CALIFORNIA AND SHOULD NOT BE
RELIED UPON TO CONVEY OR ENCUMBER SAID LAND, UNTIL APPROVED BY THE APPROPRIATE
GOVERNING AGENCY.