08-0603_SIMMONS, WENDELL & GERRY_Deed of Trust_2008000264548EXEMPII GOVT ERN MENU C L U E SEC TIC N Ell LI3
AT THE]. REQUEST CIF AND
WHEN RECCIRDED MP IL TCI:
City oil San , u an Capisl11anio Plannirig aepartmeri
324(1(1 Paseo Ac elanto
Sam Juan C aplistreirio, C alifonriia 92675
Atieirition: Planning Deplartmeril
Recorded in ( ial Reicarc s, Change Cloy nityl
Tam Daly, Clerk -Recorder
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2008(10026454 fl 1 11:24 prr 06103108
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SRACE A90V911HIS L INE IFICIR RECCIRDER'S USE
CIEECI CR TRUST
11H ISI 118813 OF -IRU 5111 dated May 21, 2008, amorig the 111IL Ston V1lendelll S. SlimmionE and
Gerry L. SlimmionE , H uE barid and Wife as J o int nerianft , ilH ereiri "Borrowers":, the C illy c f Sari
Juari C apistrano (1l eirein "Trl siea , and the Beneliaiaryl, the City of Slain JI, an CapiE train , a
piL blia body, corponate and plcllitic, organiaeid and existing I, ric erthe laws of the State of California
wl ose ac dress is 3'91400 Raseo Adelanto, Slain , uan C apistranc California 92679 Ijl erein
"L einde11").
BORROV�ER, consideration of the incebiledness herein 11eaiiec aric the truss herein cuieaiec,
iiriehocably gnariis aric conveys io TIlLstee, in trust, wish plower of sale, the follawing cescnibed
ppiaperly laaaiec in the COL rily of0rarige , Siaie of Clalifonnia:
LEGAL I]ESIC RIPITION ATIMAC H ED H ERETO AS EXHIBIT A.
wl ich has it ei ac dress al 32142 Pllipaz Sllneeli, #171CI San , uan Capistran
iISI11RE1311) i1CIITY:
California 92679 (henein "F naperty Addness");
ijOIF CODE'
TOG911H 8R wiVl all it a improvemenis now or hereafter enecited ori the piraperty, aric all easements,
nighis, apipurtenaricies and neriis ileLbject however io ilei riglis aric aLthoniiies cliven lerein io
L ender io callecit aric apiply such neriis), all of which shall be c eemed io be and remairi a plait of the
plraperly aa%ered t ilis ❑eeid al Trust; and all of if a fonegaing, togetherwiif saic pnoplerty (or the
leasehald estate if this ❑eeid of TnL si is on a leasel Gild) ane l ereinafter referred to as tl a "Property";
TO S18C L RIB to Leric er the repay merit of the indebiec ness El% denciec t y Borrowen's note
daiec May 27, 2008 and exierisions and renewals hellElOf (heiiein "Noiei";, in ilei pniricipal sum cd
U.S. $28,00a.o , wiilaull interest ihereion, advanaec in acamic ante lerewith to piiotectile seCL rii)
al this Deec of llnust; aric the performance of the covenariis and agileeimeiriis of BOiiiIOWEIr lerElin
aoriiained.
Borrower aa%enants lll all Barrawer is lawfL Ily seized till the esiate l ereby conveyed aric has
the right to gnarii and aari\ ey it e Property, aric that i l e Property is unencumbered eI) clelpi 1011
enCL m brances of reamic . Bamiawer covenants it al Baniowerwanrariis and will c efend generally the
title llo the Property againsi all claims and demands, subjeci la eriau mbrances oil record.
U N IFORM COVENANTSI. BonrOWElr aric L enden covenani and agneel as follows:
1 011111
1. Playmient c f Rrincipal and Interest. Borrowen shall pnampµly pay wl en dL ei *E1 principal
aric aacuu. ed interesll iric ebtednEMEi evic ernced by t he Note.
2. Pirie r Mc rtgages and Deeds cf Trust; C harges; Lieris. Bonnowelr shall plerform all at
Bonnoweir'.i of ligatiariEl L rider any martgage, deeic ail trL ai or o111• er Seim riily agreemerii with a lien
wlich las prionilyover this Deed al Trus-, including Borroweir'sCIM eiriantsia make payments when
dL e. Borrowen ahall play on cause 1lotei paid all saxes, assessments aric aileir charges, fines and
irrposi'ions attributablei io the Rnaperty whial may attain a priority c%er itis Deed aJ TrLsi, and
leasel, ald payments ar gnOL rid ren- Ei, if ariy. .
3. Hazard Insunaince. The Borrowen sr all cause the Lenc eir to be nary ed as loso-
payee/additional insuned on any and all hazand insunariaei palicies maintairlelc ty Barnawer in
aarinection will the Rropert} . L pon demaric thenefone by the Leirider, the Borrowen shall furnisl
proof 11 a 1e e Leric er that it l e Leric er has in fact keen nan eid as ari addii ional insured on SLal` l award
insurariaei policies. 111is of ligation 110 mairiiairi the L enden as ari adc iiional ins nec shall nemain in
(orae L ntil SLal` fin -El as all fL nds secunec b} i l is Deed of Trust have been nerlaid. If 1 he Barrawer all
any time Jails to provide adegL a' e l aaarc inSL rance ao,�ering the Lendeir's interests, fails to names
11- ei Leric er as an addii ianal insured ari tl• a Borrower's 1- aaarc policies, or fails to provide pinoof to 1 l ei
Lender that the Borrower has in fact named the Lender as an addiilarial insunec , 1l en trei Leinder
rrEi} pnoaLres sual iriSL rance on behalf of the Borrowen and any and all costs associated with ilei
obtaining aJ SL al inSL rarice shall t eiaamei a SL m c ue from Borroweir io Lender, wl ich sum shall t ei
secured by alis ❑eied of TRsi.
4. Rreseirvatie ri and Maintenarice c f Rre perty; Leasehe Ids; Cc ndominiumis; Planned
Unit De% elo pmients. Bonroweir sl all k eeip the Property in goat repair aric sl all nat comrr ii wastes or
penmit impairmeiriil arc eterionatiari of ilei Rraperty and sl all torr ply will 1 i l e pra%isiaris ofariy lease if
Il is Deec of llrL St is on a lease ald. 111 this Deed at Trust in on a unit in a aaridominiL m ar a plarincic
unit deNeiloplmeril, Borrowen shall perform all all Bornawer's abligallions unceir ilei declanaliari or
covenariis crea, ing or governing the condarr inium or pllannec L rii' de'�eilopment, tl• a by-laws aric
regLlalJons of the condaminium or pllanriaC Lriit deNeilopmerii, and aarislilLeiril doaLmeriis.
5. Rretecllic n of Lender's Slecurity. If Borrowen Jails to pledarm the covenariis aric
agneeirreinls contairied in tl• is Deed at llnLst, ar if any action or proceeding is aammeriaec wlich
ma, eriall} afileats Leirider's iri1leiresl in the Rraperty , then Lendeir, ai Lendeir's option, L pon nollice to
Borrower, may rr ake such aippeanaricels, diEiburse such SL ms, inCIL c ing neasonaible attonney's sleets,
aric iakei sial action as is neMEMsary to protect Lernden's intenest. If Leirider required mortgage
iriSL rance as a condiiiari of rr ak ing the loan secured by this Deed of llnL st, Borrowen sl all pa} , r e
pnemiL ms reiquinec 11a maintain such inSL rance in effect L nlil sial iirrei as the negL irementfair SL ch
iriSL rance tenminaies in aaaarc once will Borrower's aric Leric er's wniiten agreement or aplplicat le
law.
Any amouriis disbL vied ty L eirider ply rsL an1 lo 111^ is paragnapll• 5, with iriienest 1 ereon, ai the
Nose rale, shall beaarre addiilarial indettedrieiss of Barrawersecured t y this Deec of Trust. Unless
Bonrowar and L enden agree to ail eir ieirms of platy rrerii, such amoL ni s sl all t ei payat le upon notice
from Lenden to Borrawer requesting payment il`Greiof.
Naihing aoriiained in this paragraph 5 Eihall requirei Leric er, o iriaL r any expleirse on take ariy action
l Greiunder.
6. Inspection. Leinden may make or cause io be rr ade reasonable eriinieis L pon acrid
irispeclions aJ the Rraperty, pno,�iced that Lencer shall gi%e Borrowen rioiiaei priar io any such
irispeclion specif} ing reasonable cause & erefor related to Leric er's interesl in the Rraperty. .
7. C e ridemmatic n. Tl• a plraceieds of any award ar claim Jon c amages, dineat on
consequential, in connection wish ariy aaridemnatian or other taking of ilei Rrapery, or parl tl• ereof,
on ton sari%e} ante in lies of condeimnaiion, are heneiby assigned and shall be paic is Lender, SL t jeci
to the tenms of any mortgages, defied of truss ar of l er security agreement with a lien which l as priority
a'�eir this Deed of Trust.
2I oil 1'1
8. Borrower Not Released; Forbearance By Lenc er Not Vi aiver. Bxtension of'lt a time
for rlai meinl or miac ifica-lion of amiortization of the su mise secunec by it is ❑eied of TrL sillgranted by
Leric er is ariy successor in irilleneiSt of Blonnoweir shall not operate is nelease, in any manner, 'It e
liability of the ariginal Borrower and Borrower's suacessons in interest. Lenden s fall not be reqs. fired
filo aarrimeriael proceedingsi againsi such successor ar nefuse to exieirid lime for Fla} meinll or
otherwiSei modif} arnior izal ion of the SL rris Seim red t y this Deed of llnust by neasari of any c eimarid
rrade by iter original Bonnower and 8amiawer'ssLcaeisSars in iriieneist. Alriy forbeanance t Lenceirin
exencising any nigt 1 on remedy t ereundeir, or ai t eirwise afilondec t y aprllicablei law, shall nai be a
waNEir of or pnealLcle if ell ei)eiraise all any sL ct riclh'I on remedy.
9. Ir cc rpc ratio r c f the City c f San Juan Clapistnanc First-Timie He miebL yen Rrogram
Rules and Regulations. A copy of the RLIes and Regulations rleirlaining the Clilly of Slan JLan
Carlislrario Flimi-Time F-omebuyer Rrognam aiiaatac telralla as Bxhibit C are tereby inaarporaied
and rr ade a Flan of It is ❑aed ail llrust as it ough ilL Ily henein. The Bannawer hereby acF nowlec cles
and agneas it all 8orrower aric successors aric assigns sihall be bouric by the terms of tt ese Rt. les
and Regulations.
10. 'clucciessors and Assigns Bc urid; Joint ar d Several Liabilily ; Clo-signers. llt e
cove nanis and agnae rr ents herein containec shall binc , and the nigt is t ereundar st all inure to,lll• e
respeative successors and assigns of Lenders aric Barnawer. All covenarills and agnaerrenls of
8orrowen st all t a joint and se% eral. Any borrower who co-signs 1 t is ❑eieid of TrL s1, t L 1 does not
execute tta Note, 1a) is co-signing this ❑eeic of llrLSt only to grant and aori%ey that Borrower's
interest in It a Rroperly of Trus'lee L rider the farms ail it is Deec of TrL si, Qb) is not rlarsarially liable
on ita Note ar undeir Itis ❑aed al llrus'l, and Ija) agrees that Leric er aric arty aitern Barrawer
hereL rider may agree la exlernd, rr odif} , forbear, or make any Olt er accorr rr odations Witt regard ,lo
if a tern s of this Deed of llrt. Eli or the N o1ei, wiI ou'l It all Elorrower's consani and Wital. 1 releasing
it ai Borrower or rr odifying this Deed of Trust as Ila that Blainawer's inleresi in the Rnaperi .
11. Notice. 8,Naerll for any notice required under applicable law io be gi%en in ariollter
mannen, (a) ariy not ice Ila Elorrower rino\� is ed for in it is Deed of Trust shall be given t y deli wring it or
by mailing suet notiae by cera illied mail addressed to Barnaweral tt a Rnorlerly Addnass or ai SL at
oVt er addnass as Elorrower may designate by naliae to Leric er as provided t erain, and (b; any notice
io Lender st all be gi% en t y certified mail to Leric er's addnass Stated t arein all io SL at ott er address
Em Lender miay c esiignale by notice io 8orrower as providec henein. Any naliae providac for in it is
Deed of Trust shall be c eemed to t a% a been given 1 a Barnawer or L eric er w t an given in 1 t ell manner
c esignalac t erein.
12. Governing Law; Severability. Tt e Eli ate and laaal laws aippliaabletoitis Med of -bust
st will be 1 t e laws of 1 t a jurist ici ion in wt ich 1 he Rropert} is localled. The faregoing sentenae st all
not lirrit iter appliaabilily of Fedeirail law to It is Deed of llrt.St. In Ite event itai any provisiari an
clause of this Deec of -bust ar the Note aonflicls with aprllicablei law, such codlici shall nai afileat
all t er provisians of 1 t is Deec of -flnust of the Nate aardlicis w ii t aippliaable law, sL ct conflict shall noI
aftlect provisions al l t is Deec of Trust/ or the Note w t ict care be givers efilecrt w ii t auI 1 t e conflicting
rlro\ ision, anc io this eric ita rlro\ inions of It is Deed of lint. Eli aric i t a N oie are c eclared to be
Seip arable. AS L sed t erein, "costs", "a) penses" aric "atiarrie} s' fees" incluc ei all gums is it ei exteinll
riot pilot ibited by applicable law ar limilac terein.
1J. Sonrcwer'si Copy. Bloruioweirshall ba furnistac a conlormed copy of the Note and of
this DeeIC cd llnt. st all the I ime al execution on after recordation t areof.
'14. Rehabilitation Loan A greemerit. 8orrower st all fulfill all all Bonrowar's of ligations
L ride ariy tome ret abiIilatian, irrpra%amarl, repair, on clher loan agreement which Borrower enters
inila with Lenc er. Lenc er, Eli Lender's apI ion, rray requires Barrower to execu'le and delli\ erio Lender,
in a lonm acceptable to Lenc er, an assigrirraril of any nigt IS, alairr si an defenses wt iat Borrowem
may t a%a againsl parties wt o surlrlly lat ar, materials or sermiaes in connection wilt irr pro\ err ents
made to it e Rnoperl y.
3 C1111,11
NON -U N [FORM CUv BNANTE-I. Bonnoweir and Leric er 1L ni,.en cap enarit and agree as
fallaws:
15. Acceleration; Remedies. Upon Borrower's BIIEIZICII' of any covenant or agreerr ent of
Borrowen in this Deed of llnL at, III c ing it t e coveranil s to pay when due any sums secunec by i t is
Deec of llnI Lendeir prion to acaeleralI ion at all gN a riot ice io Borrower as providec in paragiI 11
hereal aplecify ing: 0' the breach; (2) the acII ion neiquinec ilo CIL nee such breach; (13) a dale, rci less
iltan 10 caysfrorr the date of riciiaei is rriaileic to Barnower, ty whict suet breaat miusi tel cured;
and (4) that lailure io aLnei sial- bneact on on beforethe date specified in itei notiae II result ire
accelenai icr ail 1 t e sumis seas neid t y 1 t is Deec of TliI arc sale of 1 he Property . llt a nai ice shall
fL ri t en inform Barnower of -It e rigt 1 to neinsi ate after accelenai ian and it e right 11c bring a aoL rt aciiari
is assert tt a none) isieriaei of a defaL 11 ar any other defense of Barrower io accelenai icri and sale. If
it a breast is not cured on on before It a dale spleaified in It a notice, Leric er, al Leric er's CII Ian, may
declanei all of the s11, rris secuned by itis ❑eac ail -111111L at io be imirriediaiely due aric playable wiIIt out
11L rlhen c erriand and may invoke the powen ail sale and arty gyri t err rerr ed[ers perm itllac by applicable
law. Lendan shall be entitled io crollecrt all neascnable coslIs and expenses incurred in KIL I ing ita
herr edies provic ed in it i;i Klaragraplt '19, hale c ing, but riot Iimiiied to, reasariablei attorney's leas.
If Lenders in% aH es the plawer ail sale, Leric er stall exeaL ie or cause llnc siee to e) eCc ie a
wiener not ice of tt a oaaunnericre of an a,� aril ail c efac It and oil Lenden's elect ion is sac se it a RnI
I o be solc and shall cause SL cit notice to t e recordac in each Cor, ri y in whicrt i t a Rncrper7 y on same
part 1 t ereof is laaaiec . Lendan or llnI at all mail copies of sL ch not iae in the mariner prescribed
by appllicable law. Tlllsiee shall gNa putlic raiiae of sale is ite �Iersans and in ite mannan
prescinibed by applicable law. After the IaKiser of sc ch 1 ime as II be reqs fired by applicabla law,
llrusiee, withoL t derr grid ori Borrower, at all sell the Rnaperl y at pL blit aL cri icrri icr 11 t e higt est t idden
ai it a lime aric place arc L rider ite terms cersignated iri the noticeof sale in one or mione parcels
and iri such order as llrustee may c elleinmirie. llnI may Klosi plane sale of all or any parcel of the
RroKlelr y by pc blit arrnouricrarrierri ai the iimie and plane of airy pnevioL sly schedulac sale. Lenden on
Lenden's designee rray KIL rchase ite RroKlerly ai any sale.
TrL siee shall deli\ er icr itt a punchaseur-lrus'lee's deet conveying the Rroperty so solc Wilt CIL 1
ariy covenarii or wamianily, expressed or irriplied. -We neallials in the-lnksiee's deed shall be prima
facie evidericer of the Truth of the statements rrade thenein. llnL atee sr gill apply the Klnacreeds of the
sale in the following ondeir: (a) io all reasonat Ie casts aric e) Menses of the sale, iricdudirig, but nai
liII io, naasonat le TnL siea's and attorneys' fees and crosis of title evic ence; ilb; icr all semis
secunec t y it t is Deed of Trc si; and i c; ite e) cess, if arty , is the person or persons legally ere ii led
thereto.
16. Borrower's Right ilo Reinstate. Notwithstanding Lenden's accelenatiari of 1 t e sr, mis
secuned by this Deed of T11 si cue 1 a Borrower's t naacrt , Barrower shall t ave the night to hay a any
proaeerc Ings begL n by Lenden icr eriilance this Deed of Trusi discrcrniinued at any time prior is five
days t efane sale of the Rnaperl y Fly SL ant io the Klawer of sale aoriiaired in this Deed cif Trusi or at
any line pinior to entry) of a judgmeni enforcing itis Deed of Trusi if: (a) Banncwer Klays Lender all
surr :r which woulc be there due L nden this Deed of TrL si and the N tie t ad na acceleration occL nred;
(b) Borrowen CIL nas all breaches cif ary of t er covenaris or agneerrients of BarnawElll croniairiac in tt is
Deed of Trusi; (1c) Bonnower pays all reasariable expenses incurred t y Lenden and llrustee in
enforcing V a coveriants and agreemeriia of Bcwrawer contairac in V is ❑Enid of TlruvV, and iri
enforcing Leric er's aric Tlrus1leie's III ies as providec in panagrapt 15 t ereof, III c ing, t L 1 not
limited io, reasonable ailtonnery'sfees; and 1jd) Borrower iakes suah acition as L ender II neasariably
requiner la asst re that it a liein of this Deed of T11 si, Lerider's interesi in the Rrorlerly and Barnawer's
obliclaiion to pay eta sr,MIS secured by itis Deac oil TIIL91 shall crcrriiinue unimpaired. II skit
payment and CIL re by Borrowan, this Deed of Trusi and the abliclaiions secured herety shall remain
in 1111 lance arc effeci as if ria aaaeleraiion had occurred.
4 oil,
171. Assignmieint cif Rents; Appciinilmient cif Reaeiver; Lender in Rosseissiein. In the
e�en1l 11-ai the Agency gnariis ills Klermission for the Bonnawer is rent Vre Property, rILr9t.an1l is
rlaragrapr 15 of the Rnomissaryl Note, 4hen, as addidional secLridy tereiunden, Borrowen heneby
assigns 4o Leric er -Ihe rents of the RrorlEiriy, clra% ided that Bonrowersr all, prion to accelera-lion under
paragrapl- 15 r ereiof or at aridonmerlt of the RnorIeiriy, r ave ilhe night io c allecil and reiiain sucr renlls
as I hey t ecornie c ue and pay able.
Upari ac c elerail ion unden panagraph 15 r ereiof on abandarirrienil of the Rnaperi y, Leric er, in
persari, by agerit an byjudicially appoirilec receivers stall t e entitled lo eniler upori, take possession
of and rnanage the Property anc to c allect the rents of Its Properly including those past c L e. All
rents colledlec by L einden ar 11 r e receio er sr all tea r1pliec first to rpiemiurris on neceN er's bonds and
reasonable atilorneys' fees, and Iren oillhe st. mis secured by this Deec of Trust. Lenden and the
receioer shall be liatle to accoLril only for those rents acIually neceiived.
18. Reaeiriveyance. U Flan pay merit of all surnis secured t y this Deed of Trust, Lenden sl, all
regL est Trusllee lo reconvey the Rrorleriy and sr all sl, rnenden this Deed of TrL Si aric all notes
evidericing indebtedness sec L red by 1 r is Deed of TrL Si to -111111, stee. -111111. stee sl, all reconvey IT e
Property will r out warranty and will r out c r arge to the Klersan on pensons legally entill led 4r ereii0. Much
penson on pensons shall pay all cods of neconchliari, if any.
19. Substitute Trustee. Leric er, all Lender's opilion, may fnami lime to lime appoint a
sL ccessor IlL stee to any Trusllee appainied heneL riden by an irisl lL merii executed anc
acknowlecged by Leirider and nEiccirc ed in the ofilice of the Recorder all the county where Ire
Rnaperl y is lacallec . The irisl lL meril shall conilain the name all the oniginal L einden, Trustee anc
aarrawer, llre took and clage whene iris InsinLmeni is recondec aric the name and address ailre
sIL c c essar 1llL stee. The successor ,I rL slea shall, wit r null c ariveyance all the Rnaperl y succeec 1 a all
ihei title, Klawers and duties conferred L Pon the-Inustee herein aric by aprilicablei law. "chis
procedune for 9Lbs1li1L1ian cd irLslee shall govern Ila the excll,sion of all outer r1ra%isions 11an
sl, t siiiution.
2C1. Request for N oitiaes. Borrowen reqs, esls that copies of It a notice of deiaL Ii and nai ice
all sale be sernl is Borrower's adc ress which is ire Rraperi y Acidness. Lenden neqL esls 4r al corIieis oil
rialic as of 1lareclosure from 11 he holder of ariy lien which r as prionity over ihis Deed of Tnusi be sen'l io
L enden's ac dress, as set fart r on Mage one of this Deed of TrL sl, as Flna� iced t y Slection ,21924(1t) all
the Civil Clac a of California.
21. Sltatemient of Obligatioin. Leric er may collect a fee not Ila exceed $501orfL rnishing the
silalleirrieinil of obligailion as providec ty Sleciion 21943 of the Ci\oil Code of California.
22. Defied cif llrust Rider. The Deac all 1InLSt Riden execulled by Borrowen is attached as
Exhit ii B and miac a part of it is Deed of TrL sl.
IN WITN BESSI WI- BRBOF, Barrower r as a> ec L lec this Deec of 11ru t.
BCIR VtiER — Wendell B. Simmons
BORRO R —Qeny 1. Sirnrnons
NCIAIRIAL JURATS
5 cd *11
ReiqLestfan Reaariveyance
TO -9RU E-1189:
llr a L rIc ersigrled is I t a holden ail i l ei note ar notes secunec by this Defied al - lrusil . Maid nose
ar notes, i agetr er w ii r all of r er inc ebf edness E eCIL IIEK by this Deed till - lrusl, r a% a beeirl paic in ilL II.
YaL are I-ereby c irec1lec io cancel saic rloiei on notes and it is Deed of TrL ci, Mich are c elivenec
r ereby, and io Ileiaanvey, w ii r ouil warranty, all it e eslaiei rlo% I• eld t y yap L nder tr is Deed of Tri st ICI
WEI plersan or plercons legally erliiilec iheneiio.
Date:
Name, Iliilei, E.Ignature
C:IOAFVCEIIWFIWIA IWFIDOC SIF CIt)EIINGIF71H91DOCISI7FITHBDOCI.FAM
6afII
May 13, 2008
Exhibit 8
DEED OR TRUST RIDER
"chis Deec of Tri Eli Riden is atllaal• ed to anc madEi a plan al the Deed all llnust dated May 'I 3, 7008,
mace payable to 111•e City of Elan Juan Clapistranoas LEinder and executed by borrowen.
1. Borrowen agrees to the Klrovisions al th is Deed all Trust Rideir in addition is ih aaEi of 11h a Deec of
Trust.
DBFIN FRION SI. Th a lollowirig c efinitions shall ariply it nay ghoL t ih is ❑aed of Tri st Riden:
2.1 Rrinaipal SL M. $78,QOO.CI0
2.2 Th is Dalle. May 13, 2008.
:I. RRORAIYMENII. Borrowen sh all h ave the right at any time to nepay 'Ih a Rromissory Note,
providec Thai ariy prepayment miusll be in 101 anc not in Klan. In ire event of prepaymierii, the
amount payat le in k II by I: arrawer shall be iri Principal SIL m, iageih en wish aaarued inienest pur:iL ani
io Vhe RnamiissaDl Note.
4. DEFALJLT UNDER DBBD OF TIRI.SIII. Naiwiihstanding any othen provisians all ihEl ❑Eied all
Tlrust to wh ich the Riden is atlla& ed, if dalaL li occL rs in any of the ca%ariant:i or agreements
cariiained in the Deed of Trus11 lo w1 ich the Rider is attach ed, the Rnomissoryl N aie shall irnimec iallaly
become d a anc payaI: le iri fL II ai the apilion a1 L Emden. In the a%Ein1l Lender e> ercises such opli icri,
the amiount d a aric pay able shall 1: a the RrinaipaI SIL mi, togethen wii h accrL ed irilenEist PL nsL aril io
the Rramissaryl N a11a. Failune by Lenderis exercise its opliian to accelaraie in the e%en11 of a defaL 11
sh all riot constitt is wain en of 11h e nigh 1 lo exercise SLal' option in the event of the same or any athen
c efaL It.
9. SII BOR❑INATION OF ❑BB❑ OR SRL -ST RI❑BR. This Deed all llnust Ricer is SL bardinaie to
ariy deet of trust/ or mortgage on the Rraper y , which Deec of Trusi or mortgage is seniar in
necarc ing Klriority io 1 h is Deec of llnL St, and is likewise sut arc inate to ariy marigacle or daed of to :ii
wt ich is given iri connacdiari with any naliriancing of 11'Ei loan sect red 1:y SLat senion c Eied of truss on
mortgage, pnovic ed the loan amount of sL ch refinancirig does nal e)ceec iha iheri outsianc ing
I: glance i1plus nefinaricing and closing costs; of 1 h Ei existing senior loan. -W a Firsi Mor gage L eriden
anc ariy good laiih purchasen fon valL a from 11h a Firsi Mortgage Lender, its successors ant assigns
neceN ing title lo ih a Property fnami the Finst Mor clage L enden 11`nay gh a ing stee's sale, judicial
foreclasL rEi sale, deet in lies of loneclo;iL re ar if iha mortgage is assignee to ihEi Secretary of the
Lniiac SVaias Housing ant Urban Development, anc any Gari%eyancesoniransferthereafter, shall
necei%a the Property free anc clear al ih a lien of the Lenc er L riden ih is ❑aed of Tri s1.
6. N O ❑BRAID L U. N ollwill h aiaric ing Section 3 al this Deed cd TrL Eli Ricer, accelenation anc payment
of the sL ms c L e L rider the N oia which is secured by ih e Deec of llnL st anc this Deec of TrL :ii Rider
shall not/ occun where:
(a) Bannawer(s( nEiquesi iemponary waiver of I h e regL iremerii that iha Rnoplady be pnincipal rusic ence
of 8orrowen in siiLaiions involvirig extreme hareship. B)treme handship could consisi of a
mandaiaDItransfer ofcareen laaaiion, involLniarylass ofjob. Hawever,neriialsofIheproperly shall
be pnoh ibited withoO express cansent al V h e Agancy .
8 of '11
1. OTF ER DE FAL L-ISI. In ac clition 1 o 1 he event:: E 1 forth in SIE ci icin —lithe ll the N 011E , Interes1l Accrual
and Ray merit, Vh a following shall al; o constitute an event negL iring repay merii of the arrounts due
nden 1e e Noll e s eon nE d by the Deec of -must and NE is ❑eE d till -nk s t Riders:
11a; llh a bonowerfaiIs to neplorl oh anges, incdL c ing bull not limited io additions, flue and vandalis m; or
1jb; The E orrower willlh Ily and k riowirigly rrak E s a false s iatement or nepresental ion, or knowingly
fails 'lo c isalose a rrmenial laot fon 1 he FIL rpose of qL alifying far the program, an, in aorrpleting
certifications, afilida%iis, or neoEriification daoLrrEriis.
1Ih a enacd incl of -1 h e aocelerall ion claL s e causes the 11L II neplay rr E ni of the Rninaipal on the N ate, plus
any accrued intenest as set 1lodh in 11h e N ogle.
8. CO.-SIGNATORY Co—owners, other than owner occupari11s, will be perrr itted only L ricer s peciial
cincumsiances, L pon apclnm al by the Klrirr aryl lender and L pon the e) eCL Ilion of an afilidavit by such
co-owner aak nowlec ging that s L oh coiowner:
a. Shall not nes ide on 1 he Rnopler ly;
k. Will rioi be contributing to rron1lf ly housing play meriis;
C. Will riot obtain an equily irilenest in the RroplEriy; and
d. ST all act as oo-k orrower s olely for PL rposes of h elping ih E Eonnawer to qualify for the Flirsi
11rus-1 ❑Eed and no other purpose.
9. TERMINPITION OF RESITRICTIONSI UPON CERTPIIN CONDI-IIONSI. -Re Finst Mortgage
L ender and any good faith purchaser fon � alue from the Fins'l Mort gage L E nden, its success ors and
assigns neoeiving title to the Rnoperly frorr ihE First Mortgage LEnder through a 1111Lsiee's sale,
judioial foreClos L resale, dE ed in lies of foreclosure an if 1 h E rrorl gage is ass igned to th a SecrE 1aryof
1hE Uni11Ed Sltates HaLsing anc Unkan ❑e%eloclmerii, aric ariy conveyaricies or1narisfen1henEaften,
s h all receN E the Rroperty free anc clear of 1 h E lien of the Lenc er L rider i h is Deed 011 TOL s t.
'I 0. The initial oaciL pantry of the ProclE riy s hall no'l exceed the rra) irrL rr lirri'ls es iablished by 1 h E
Cliiy 011.clan JLEin Clapisllnano. The number of persons in each unit will be limited to iwa persons Kier
k edroom and oriE additional person for the dL nal ion of ih e Cil y loari. For exarr ple, five FIE rsoris ooL IC
acioL py a two-bec roorr L nit . 1I1'E s E lirrii s anE consistent with those allowed k y the L.S. Declarl ment
011 Hoy s ing and Urban ❑e� E lopment (pjF L Dc). ijl) QWe; furll- er declare that the initial aooL I:Iancy of
the Properly Eh all be compris ec of 1 h e following piE rs oris :
NarrE
"eridell B. Slimmons
Geary L. Simmons
9of11
NOVICE 110 BORROWERS:
❑a no11 sign I is Deed of Trust Rider if ii contains blank splacies. PH spaces sr oulc t e aampllellec
tefaie yOL sign.
BO Wendell B. Slimmeris^^
BORROr R — Clerryl L. Simimens
BORROWER -
BORROWER -
,s1.; �? 4/ O K
❑PTE OF SI NATLRB
DAT B OFI SIGNATURE
DAT B OR SIGNAT L RB
DAT B OF SIGNAT L RE
10 of 'I '1
Exhibit A
TO THE
DIM OF TRL STRIDER
Insert Leg Des criFjfic in
oil Proiple rfyl
DO M071 REMOVE TWVSI PAGE
Qlnsert Legal Description by Pasting oivei this Boxed Section
or Irisert Immediately Follcwing tt is Pagel
1'1 a11'I'I
EXF IBIT1 A
LEGAL DBSICRIRTIION
Mone Comimiorily Knawri a: 133221 Alipm Street, 427.1, Sari Juan Cegi.lnario, CA 92619
_L .
v age 71 DESK RUMON
Cheer No. SIE103I3!I?1
PAR CEIL I.
SPACE NC. 170, AS SFICWN AND DESCRIBED IN THE CCNDOMINIUM PLAN FOR RANCHO DEIJ
AMICN, WHICH PLAN WAS RECORDED ON SEPTEMBER 4, I SIE EI AS INSTRUMENT NO. BE -4036 -ms,
OFFICIAL RECORDIS OF ORANGE COUNTYI, CALIHORNI}...
PARICEIJ 2:
AN UNDIMIDEDI I/31I1SM INTEREST IN ALL THAT P01.7IION OF LO'D 3 OF THE DANEIRII TRACT,
IN THE CITM CA SIAM JUAN CAPISTRANO, CCUNTY OF ORANGE, STATE CF CALIFORNIA, A:
SHOWN ON A MAF cIURIVEY RECORDED IN BOCK 2, PAIGE 22, RECORD CF SURVHYS , IN THE
OFFICE OF THE COUNTA RECORDERI CF SAID COUNTY, LYIING NCIRTHWDSTERLM OF THE
NORITHWESTERILb IIINE OF THE LAND CONVEMED 70 TEE ORANGE COUwn FLOCII] CONTROIJ
DISTRICT, BV DEED RIIECIORDED MAY 24, 1962 IN B(CK 61130, PAGE 271!, OHF]CIAIJ
RECORDS.
EXCEPT THEREFROM SPACESI NO. I THROUGH 311111, AS SET FORIfi'fi IN THE CONDOMINIUM PLAN
REFHRREII TO IIN PARICEII 31 ABOVH .
ALSO EXICE PTINCI THEREFROM THAT PORIT31CN THEREOF DESCRIBED ASI FOLLIOTiISI :
BEGINNING AT THE NORTHWEST CORNER OF SAIID L07 31,; THENCE! NORII E190 361' EAS71 '1416.(1(1
FEET ALCNG THE NORTF? LINE OF SAID LOT 3 TO TETE NORTHWEST CORNHR OF I THAT CERIA13N
PARICIEL CE LANA DESCRIBED IN THE DEF DI TO L. P. MOULTON , RFICCRLIEV JULY 115, 3151331 IN
BOCIN 4971, PAIGE 385, OFFICIAL RECORDS, SAID P01M BEING THE TRUE P03NT OF
BECIINNING OF THIS EXCIEPTION , THEN CEI SOU71H (1' 52' EAST 8! . (10 BEET ALC NG THE WENT
LINE OF SIAIIID E A ICEL OF LAND; THENCE NORTH E19" 361' EAST !31;1.4A FEET ALONG THE
SOUTH I LINE OF SIAIDI FIARCEL; THENCE NORTH CIO 52' WESIT 85.(1(1 FEET ALIONG THE EAST
LINE OF SIAIIID F ARCEL TO AI PCIIINT IN THE NORTH LINE OF SAIII I L071 3. THENCE WEST
ALONG THE NORTH LINE OF SAIID L071 31, 5112.411 FEE71 10 THE TRUE E OIN77 OF BEGINNIING .
ALISO EXCEPTING THEREFROM ANY PORTION THEREOF LYING WITHIN AIJIPAZ SITREET AS
DESCRIBED IN DEED RIIECCRDED FIEBRIC3AR Y 15, 31 SIS 9 IN HOOK 18(131, PAGE 44!, OFFICIAL
RIEC ORDS .
AIIECI WCIEP71ING THEREFROM AI.III MINHRADS, CA.S1, 'CIL, PETRCILEUM, NAPHTHA AND OTHER
HYDRIOCAF 3303V SUBSTANCES LYIINIG BELOW A DEE "I OF S 0 CI FEES FROM THE SURFACE OF E A?II
LAND, BUT WIITH NO RIGHT OF ENTRIYI MCI THE SURIFACE THEREOF!, AS RESERVED IN DEFIES OF
RECIORD .
HARCEL 3:
NIONEXCLUSIVE EASENIENTS AAPUFTENANT TO 13ARCEII 31 ABOVE] RORI ACCESS ENCROACHMENT,
MA3NTENANCE, REPAIR, DRAIINAGE, AND FOR OTHER HURPOSES, ALL! ASS I3ESCIRIBED IN THE
ENABLING DECLARATION ESMA-ELISIHING All PLAN FOR CONDOMINIUM OWNS RISHI H CF RANCHO DEL
AV ON, cIEPMEMBER11 4, 31986 AS INSTRUMENT NO. 8G-41C131E 77, OFFICIAL RECORDS Oil ORANGE
COUNT, CAI I FORNIIAII.
ONCE: Mis Nolte nequiines paymc of the Fnincipal it aeriain everits oc�
-1-
91 ate al California
CIULrill y all Orange
On Mh 2 ZIQZ t eiiore me, (1rerie irisiert riarrie and 1 itle of i h ei offliaelr; , persionally
arreare \K e Z e -Z4— dy2di1nJ S/..+Kc N S
, who Fra\oed is mei ori the tasisi
EN is eriaei to t ei the F erisciOlsi) v� h asiei riameilIsQ isi,jare siu t spariit eid i a the w i1 h iri irisitru ment aric aakriov� IEIC geic i a MEI that he/sih e/t
siame in his/N eir)# air authoriaeic (lap acity IJiesi;, aric th ai by Hsi/her/their siigriatu reIISl, on 1 h e imitnu MEiril the Fersian(Is j , or 1 h e er
till iA h ich the F ersonQsi) aotec , e> eiau i etc the irisitru meirit.
I aertifj unc er R9� AtTY CIH PEIR]UR) a rider i h a lawsi of tt El State of Califarriia that 1 h a farregoing F aragrraph isi tru er aric
earrrre(d .
V1 IIINESS my haric and affliciial steal.
—CUMM HNNIMDEZ
ISOM
SicIriaturre ilSeal) �y�#
Orap CMA
IMgrCaaai. &
-2-
Stater of Cali�arriia
Cau my of Clrrange _
C1
appearerc
teforer rrrer (herer insert arner arc Tiller of the afflrcier;, perrsorialIy
, who Flravec la me ari the Iasis
ONO is enaer to t er th er Flersari(Is) vA h aser name(ls) isjare su tsprit ed to th er Wil h irr instru ment and ackricnA IEIC ged to mer th al he/she/t
samer in his/N err)jth erir authoriaerc uaplauity (Iiers), and th al by his/her/tll elir sigriatu rents, ori 1 he instru rnerril th er person(s; , or l he er
all %A h ict they Flersan(Is) aoterc , e> erou telC they instru ment.
I oertif)l under H9IN ALTM CH PERJURY u rider the laws of they Slate of Califorriia l h at i ha faregoing paragraph is tru er aric
uarrrrect.
N 1TINBS9 n' y hanc and afflicial seal.
9iclmal u re (Seal)
• ;
��- 914111�1