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Doc#: 2017-013499
<br /> \I 01/31/2017 11:27:51 AM
<br /> Page 1 of 16 Fee: $59.00
<br /> RECORDATION REQUESTED BY: Steve J. BeStolarlde5
<br /> ..J, SBA Lending Wells Fargo Bank,National Association _ San Joaquin County Recorder
<br /> 121 S.Market Street,7th Floor Paid By: OLD REPUBLIC TITLE COMPANY CONCOF D
<br /> San Jose,CA 95113
<br /> aWHEN RECORDED MAIL TO:
<br /> Wells Fargo Bank,National Association
<br /> Q SBA-BBG Loan Ops-Recorded Docs
<br /> P.O.Box 659713
<br /> San Antonio,TX 78265-9827
<br /> FOR RECORDER' USE N
<br /> 200219192265800235
<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST is dated January 25, 2017, among Alexander J. Lopez, a single man, whose address is
<br /> 235 W. Scotts Avenue, Stockton, CA 95203 ("Trustor"); Wells Fargo Bank, National Association, whose
<br /> address is SBA Lending, 121 S. Market Street, 7th Floor, San Jose, CA 95113 (referred to below sometimes
<br /> as "Lender" and sometimes as "Beneficiary"); and American Securities Company, A Corporation, whose
<br /> address is c/o BBOCS Business Lending Loan Operations LDI, P.O. Box 65119, San Antonio, TX 78265
<br /> (referred to below as '"Trustee").
<br /> CONVEYANCE AND GRANT. For valuable consideration,Trustor irrevocably grants,transfers and assigns to Trustee In trust,with power
<br /> Of sale, for the benefit of Lend., as Beneficiary, all of Trustor's richt, title, and interest in and to the following described real property,
<br /> together with all existing or subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and
<br /> appurtenances; all water, water rights and ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights,
<br /> royalties, and profits relating to the real property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the
<br /> "Real Property") located in San Joaquin County.. State of California:
<br /> See Exhibit "A", which is attached to this Deed of Trust and made a part of this Deed of Trust as if fully
<br /> set forth herein.
<br /> The Real Property or its address is commonly known as 235 W. Scotts Avenue, Stockton, CA 95203. The
<br /> Assessor's Parcel Number for the Real Property is 147-120-09, 147-110-19, 147-110-03.
<br /> Trustor presently assigns to Lender(also known as Beneficiary in this Deed of Trust) all of Trustor's right,title, and interest in and to all
<br /> present and future leases of the Property and all Rents from the Property. This is an absolute assignment of Rents made in connection
<br /> with an obligation secured by real property pursuant to California Civil Code Section 2938. In addition,Trustor grants to Lender a Uniform
<br /> Commercial Code security interest in the Personal Property and Rents.
<br /> THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br /> PROPERTY,IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br /> OF THE TRUSTOR UNDER THE NOTE,THE RELATED DOCUMENTS,AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND
<br /> ACCEPTED ON THE FOLLOWING TERMS:
<br /> PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust,Trustor shall pay to Lender all amounts secured by
<br /> this Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Note,this
<br /> Deed of Trust,and the Related Documents.
<br /> POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustors possession and use of the Property shall be
<br /> governed by the following provisions;
<br /> Possession and Use. Until the occurrence of an Event of Default,Trustor may (1) remain in possession and control of the Property;
<br /> (2) use,operate or manage the Property;and (3) collect the Rents from the Property.
<br /> Duty to Maintain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs, replacements, and
<br /> maintenance necessary to preserve Its value.
<br /> Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trustors ownership
<br /> of the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any
<br /> Hazardous Substance by any person on, under, about or from the Property; (2) Trustor has no knowledge of, or reason to believe
<br /> that there has been, except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any
<br /> Environmental Laws, (b) any use, generation, manufacture, storage, treatment, disposal, release or threatened release of any
<br /> Hazardous Substance on, under,about or from the Property by any prior owners or occupants of the Property, or (c) any actual or
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