My WebLink
|
Help
|
About
|
Sign Out
09B
City of Pleasanton
>
CITY CLERK
>
AGENDA PACKETS
>
2018
>
020618
>
09B
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/31/2018 5:22:20 PM
Creation date
1/31/2018 3:20:48 PM
Metadata
Fields
Template:
CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
2/6/2018
DESTRUCT DATE
15Y
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
195
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
In the event of a Foreclosure, throughout the extended use <br />period specified in the TCAC Regulatory Agreement, with <br />respect to any unit that had been regulated by the TCAC <br />Regulatory Agreement, (i) none of the eligible tenants <br />occupying those units at the time of Foreclosure may be <br />evicted or their tenancy terminated (other than for good <br />cause, including but not limited to, the tenants' ineligibility <br />pursuant to Section 42 of the Code), (ii) nor may any rent be <br />increased except as otherwise permitted under Section 42 of <br />the Code. <br />11. Leasehold Mortgagee Provisions. The provisions of this Section 11 shall apply <br />for so long any portion of the Property consists of Trustor's interest as tenant under the <br />Ground Lease defined and described in Recital A. As used in this Section 11, the term <br />"Ground Lease" means the Ground Lease and any extension, renewal or replacement <br />thereof. The lien of this Deed of Trust shall encumber all of Trustor's rights and <br />interests under and in connection with the Ground Lease, including without limitation <br />renewal and extension rights and purchase options (if any), all of which rights shall be <br />collectively referred to herein as the "Leasehold". <br />11.1 Intentionally omitted. <br />11.2 Intentionally omitted. <br />11.3 Intentionally omitted. <br />11.4 Unless Beneficiary otherwise consents in writing, so long as any Secured <br />Obligation remains outstanding, neither the fee title to, nor any other estate or interest <br />in, the Property subject to the Ground Lease shall merge with any Leasehold, <br />notwithstanding the union of such estates in the landlord or the tenant or in a third party. <br />Any acquisition of the landlord's interest in the Ground Lease by Trustor or any affiliate <br />of Trustor shall be accomplished in such a manner as to avoid a merger of the interests <br />of landlord and tenant unless Beneficiary consents to such merger in writing. <br />11.5 If Trustor acquires fee title to any portion of the real property subject to the <br />Ground Lease, this Deed of Trust shall automatically be a lien on such fee title. <br />11.6 Except as permitted by the City Documents, Trustor shall not subordinate <br />the Ground Lease or Leasehold to any deed of trust or other encumbrance of, or lien <br />on, any interest in the real property subject to such Leasehold without the prior written <br />consent of Beneficiary. Any such subordination without such consent shall, at <br />Beneficiary's option, be void. <br />11.7 Intentionally omitted. <br />11.8 Trustor shall notify Beneficiary promptly in writing of the institution of any <br />legal proceeding involving obligations under the Ground Lease, and Beneficiary may <br />intervene in any such legal proceeding and be made a party. Trustor shall promptly <br />22 <br />OAK #9818-1017-3530 v2 <br />
The URL can be used to link to this page
Your browser does not support the video tag.