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EXHIBIT B
F
orm of Amended and Restated Deed of Trust
RECORDING REQUESTED BY )
AND WHEN RECORDED MAIL TO: )
)
City of Burbank )
275 East Olive Avenue )
P.O. Box 6459 )
Burbank, California 91510-6459 )
Attention: City Clerk )
This document is exempt from the payment of a recording , fee pursuant to Government Code Section 27383.
AMENDED AND RESTATED DEED OF TRUST
THIS AMENDED AND RESTATED DEED OF TRUST is made ____ day of ______________, 2025 by BURBANK HOUSING CORPORATION, a California nonprofit public benefit corporation (the “Trustor or Grantor”) whose address is 1819 Grismer Avenue, Burbank, CA 91510 to Chicago Title Co., a California Corporation, (and in such capacity herein called “Trustee”), for the benefit of the CITY OF BURBANK, a California municipal corporation (the “City”), and the HOUSING AUTHORITY OF THE CITY OF BURBANK, a public body, corporate and politic (the “Authority”) (and in such capacity herein collectively called the “Beneficiary”).
R
ECITALS
A
. Trustor previously signed and recorded that certain Deed of Trust with Assignment of Rents (Short Form) dated October 23, 2006 for the benefit of the Beneficiary and recorded on October 25, 2006 in the Official Records of Los Angeles County as Document No. 06-2369323 (the “Deed of Trust”) to secure indebtedness under a Loan Agreement (“MLA”) approved in 2006, but executed on January 2, 2007.
B. T
rustor and Beneficiary have amended and restated the MLA, and desire to amend the Deed of Trust to reflect such modification and to reflect the new amount of the indebtedness.
W
ITNESSETH: that Trustor grants to Trustee in Trust, with the Power of Sale, that property in the County of Los Angeles, State of California, described as See attached Exhibit A, incorporated herein.
T
ogether 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.
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F or the purpose of securing (1) payment of all indebtedness owed to Beneficiary in the principal amount of $53,441,133.43 according to the terms of the Amended and Restated Master Loan Agreement (MLA) and the two promissory notes dated as of January 14, 2025 made by Trustor payable to the order of Beneficiary (the “2025 Amended and Restated Promissory Notes”), and extensions or renewals thereof, and (2) the performance of each agreement of Trustor incorporated by reference into the 2025 Amended and Restated Promissory Notes or as contained herein; (3) payment of additional sums and interest thereon which may hereafter be loaned to Trustor, or its successors or assigns, when evidenced promissory notes reciting that they are secured by this Deed of Trust.
T
o protect the security of this Deed of Trust, and with respect to the property above described, Trustor expressly remakes each and all of the agreements, and adopts and agrees to perform and be bound by each and all of the terms and provisions set forth in subdivision A, and it is mutually agreed that each and all of the terms and provisions set forth in subdivision B of the fictious deed of trust recorded in Orange County August 17, 1964, in all other counties August 18, 1964 in the book and at the page of Official Records in the office of the county recorder of the county where said property is located, noted below opposite the name of each county, namely
COUNTY BOOK PAGE COUNTY BOOK PAGE
Alameda 1288 556 Placer 1028 379
Alpine 3 130-31 Plumas 166 1307
Amador 133 438 Riverside 3778 347
Butte 1330 513 Sacramento 5039 124
Calaveras 185 338 San Benito 300 405
Colusa 323 391 San Bernardino 6213 768
Contra Costa 4684 1 S
an Francisco A-804 596
Del Norte 101 549 San Joaquin 2855 283
El Dorado 704 635 San Luis Obispo 1311 137
Fresno 5052 623 San Mateo 4778 175
Glenn 469 76 S
anta Barbara 2065 881
Humboldt 801 83 S
anta Clara 6626 664
Imperial 1189 701 Santa Cruz 1638 607
Inyo 165 672 Shasta 800 633
Kern 3756 690 San Diego SERIES 5 Book 1964,
Kings 858 713 Sierra 38 187
Lake 437 110 Siskiyou 506 762
Lassen 192 367 Solano 1287 621
Los Angeles T-3878 874 Sonoma 2067 427
Madera 911 136 Stanislaus 1970 56
Marin 1849 122 Sutter 655 585
Mariposa 90
453 Tehama 457 183
Mendocino 667 99 Trinity 108 595
Merced 1660 753 Tulare 2530 108
Modoc 191 93 Tuolumne 177 160
Mono 69
302 Ventura 2607 237
Monterey 357 239 Yolo 7 69 16
Napa 704 742 Yuba 398 693
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Nevada 363 94
Orange 7182 18
shall inure to and bind the parties hereto, with respect to the property above described. Said agreements, terms and provisions contained in said subdivision A and B, (identical in all counties), are by the within reference thereto, incorporated herein and made a part of this Deed of Trust for all purposes as if fully as if set forth at length herein, and Beneficiary may charge for a statement regarding the obligation secured hereby, provided the charge therefore does not exceed the maximum allowed by law.
The undersigned Trustor, requests that a copy of any notice of default and any notice of sale hereunder be mailed to it.
This Amended and Restated Deed of Trust is intended to replace and supersede Instrument No 06- 2369323.
BURBANK HOUSING CORPORATION, a
California nonprofit public benefit corporation
By:
Its:
Name:
ATTACHMENT 7 - 3
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EXHIBIT “A”
LEG
AL DESCRIPTION- TO BE INSERTED
ATTACHMENT 7 - 4
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STATE OF CALIFORNIA )
) ss.
COUNTY OF LOS ANGELES )
On , before me, , Notary
Public,
(P rint Name of Notary Public)
personally appeared ,
personally known to me
-or-
proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) i
s/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
WI TNESS my hand and official seal.
Signature Of Notary
OPTIONAL
Though the data below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form.
CAPACITY CLAIMED BY SIGNER
Individual
Corporate Officer
Title(s)
Partner(s) Limited
General
Attorney-In-F act
Trustee(s)
Guardian/Conservator
Other:
Signer is representing:
Name Of Person(s) Or Entity(ies)
DE
SCRIPTION OF ATTACHED
DOCUMENT
Title Or Type Of Document
Number Of Pages
Date Of Document
Signer(s) Other Than Named Above
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