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FREE RECORDING This instrument is for the benefit of the City of Riverside and is entitled to be recorded without fee (Government Code 6103). and when recorded mail to: City of Riverside 3900 Main Street, 5th Floor Riverside, CA 92522 OOClll 2003--2920~! 04:~llr/2~s308:~0R Fee:NC page I o~ 7 Recorded ~n Of¢~c~al Record~ County o¢ Riverside Gary L. Orso Sssessor, County Clerk & Recorder M S U_ PAGE SIZE DA PCOR NOCOR-- -~ LONG FORM DEED OF TRUST AND ASSIGNMENT OF RENTS La Sierra Apartment Owners BY THIS DEED OF TRUST, made this. E[ day of {~O~.~._ ,2003, between Dana L. Haynes, a married man, as sole and separate property, herein called Trustor, whose address is 13 Corporate Plaza Drive #200, Newport Beach, CA 92660, and the Redevelopment Agency o.f the City of Riverside, California, herein called Beneficiary and,~rustee. Trustor grants, transfers, and assigns 1:o Trustee in trust, with power of sale, that property in the City of Riverside, Riverside County, California, described as: Legal Description attached hereto as Exhibit "A". Assumption Provisions attached hereto as Exhibit "B". Additional Trustor Obligations ;Secured by this Deed of Trust attached hereto as Exhibit "C". Together with the rents, issues and profits thereof, subject, however, to the right, power and authority hereinafter given to and conferred upon Beneficiary to collect and apply such rents, issues and profits for the purpose of securing: (1) Payment of the indebtedness by one promissory note in the principal sum of $50,000.00 of even date herewith, payable to Beneficiary, and any extensions or renewals thereof; (2) the payment of any money that may be advanced by the Beneficiary to Trustor, or his successors, with interest thereon, evidenced by additional notes (indicating they are so secured) or by endorsement on the original note, executed by Trustor or his successor; (3) performance of each ;agreement of Trustor by reference or contained herein. A. To protect the security of this Deed of Trust, Trustor agrees: (1) To keep said property in good condition and repair; not to remove or demolish any building thereon; to complete or restore promptly and in good and workmanlike manner any building which may be constructed, damaged or destroyed thereon and to pay due all claims for labor performed and materials furnished therefor; to comply with all laws affecting said property or requiring any alterations or improvements to be made thereon; not to commit or permit waste thereof; not to commit, suffer or permit any act upon said property in violation of law; to cultivate, irrigate, fertilizE;, fumigate, prune and do all other acts which from the character or use of said property may be reasonably necessary, the specific enumerations herein not excluding the general. (2) To provide, maintain and deliver te Beneficiary fire insurance satisfactory to and with loss payable to Beneficiary. The amount collected under any fire or other insurance policy may be applied by Beneficiary upon any indebtedness secured hereby and in such order as Beneficiary may determine, or at option of Beneficiary the entire amount so collected or any part thereof may be released to Trustor. Such application or release shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice. ~- THIS INSTRUMENT FILED FOR RECORD BY FIRST AMERICAN TITLE INSURANCE COMPANY AS AN ACCOMODATION ONLY. IT HAS NOT BEEN EXAMINED AS TO ITS EXECUTION OR AS TO ITS EFFECT UPON THE TITLE