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RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: City of Riverside 3900 Main Street Riversidc, CA 92522 Attn: City Manager Project: Arlanza Apartments DOC # 2004--0545272 07/14/2004 08:00A Fee:NC Page 1 o¢ 26 Recorded in Official Records County of Riverside Gary L. Orso assessor, County Clerk & Recorder This document is exempt from the payment of a recording fee pursuant to Government Code Section 6! 03. DEED OF TRUST, FIXTURE FILING AND ASSIGNMENT OF RENTS THIS DEED OF TRUST, FIXTURE FILING AND ASSIGNMENT OF RENTS ("Deed of Trust") is made as of June 3 , 2004, by RIVERSIDE HOUSING DEVELOPMENT CORPORATION, a California nonprofit public benefit corporation ("Trustor"), ~vhose address is 4250 Brockton Avenue, Suite 200, Riverside, California 92501, to Land America La~vyers Title Company, located at 325 W. Hospitality, Suite 100, San Bernardino, CA 92408 ("Trustee"), for the benefit of the CITY OF RIVERSIDE, a municipal corporation ("Beneficiary"). THIS DEED OF TRUST is given, inter alia, for the purpose of securing the obligation of Trustor to repay Beneficiary all principal and interest due under that certain loan in the amount of up to Nine Hundred Seventy Six Thousand Thirty Five Dollars ($976,035) made by Beneficiary for the benefit of Trustor (the "City Loan") evidenced by that certain City Promissory Note of even date herewith (the "Note") and made in accordance with that certain Affordable Housing Development Agreement dated for identification purposes only as of June 1, 2004 by and among the Beneficiary, the Redevelopment Agency of the City of Riverside, and Trustor (the "Agreement") and the performance of Trustor's obligations thereunder and under this Decd of Trust and thc Regulatory Agreement as hereinafter defined. The City Loan shall be made in connection with the acquisition and assembly of certain real property and predevelopment activities in preparation for construction of improvements thereon containing one hundrcd (100) to one hundred ten (110) Units and any improvements appurtenant thereto by the Trustor in accordance with the Agreement (the "Project"). The real property is located in the vicinity of Janet Avenue and Cypress Avenue, west of Montgomery Street in the Arlanza Neighborhood within the City of Riverside, State of California, as more particularly described in Attachment No. I attached hereto and by this reference incorporated herein (the "Property"). FOR GOOD AND VALUABLE CONSIDERATION, including the financial assistance herein recited and the trust herein created, the receipt of which is hereby Aflanza-('ity Deed of Trust Page 1 052404