SHORT FORM DEED OF TRUST - Laserfiche WebLink

9938616I cause), (ii) nor may any rent be increased except as otherwise permitted under Section 42 of the Code. 5. Notwithstanding anything to the contrary in the Note, this Deed of Trust or any other instrument evidencing or securing the obligations of the Trustor under the Note, Beneficiary expressly agrees that there shall be no personal liability of the Trustor, or its partners if Trustor is a partnership, under the Note, this Deed of Trust or any other instrument given to evidence or secure the obligations of the Trustor, or its partners if Trustor is a partnership, under the Note. The liability of the Trustor, and its partners if Trustor is a partnership, shall be strictly and absolutely limited to the property conveyed by this Deed of Trust and the rents, profits, issues, products and proceeds thereof. In the event a default occurs under the Note or with respect to the indebtedness evidenced by the Note, Beneficiary shall not seek any judgment for a deficiency against the Trustor, or the partners if Trustor is a partnership, legal representatives, successors or assigns of the Trustor. Nothing in this paragraph shall preclude Beneficiary from foreclosing the lien of this Deed of Trust and shall not apply to any losses incurred by Beneficiary as a result of Trustor's application of security deposits, insurance proceeds or condemnation awards in a manner prohibited by the Loan documents, waste or willful damage to the Property, or fraud or willful misrepresentation under or in connection with the Loan. 6. The due on sale clause shall not apply to (i) a transfer or assignment from Ridge View Commons Associates, a California Limited Partnership to its current general partner or to Eden Housing, Inc. or an affiliate of Eden Housing, Inc., or (ii) the encumbrances securing the loans approved by the Beneficiary. 7. This Deed of Trust and any renewals or extensions hereof shall unconditionally be and remain at all times a lien on the Project and property described herein junior and subordinate to the lien or charge of the deed of trust executed by the Trustor named herein for the benefit of the California Housing Finance Agency "CHFA dated January 1, 1990, recorded January 12, 1990 as series no. 90009860 and that Regulatory Agreement between the Trustor and CHFA dated January 1, 1990, recorded January 12, 1990 as series no. 90009858, which deed of trust and Regulatory Agreement are modified by that Loan Modification Agreement executed by the Trustor and CHFA, dated as of September 16, 1999, and recorded concurrently herewith. ShFwOT.Rid(17)