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02
City of Pleasanton
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2009
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4/15/2009 11:39:41 AM
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4/15/2009 11:28:04 AM
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CITY CLERK
CITY CLERK - TYPE
STAFF REPORTS
DOCUMENT DATE
4/21/2009
DESTRUCT DATE
15 Y
DOCUMENT NO
02
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3. Covenant Regarding Gas Service. Borrower covenants and agrees that <br />Borrower, its contractor, tenant or agent shall not be allowed or entitled to have natural <br />gas service provided or connected to any buildings or improvements on the Property <br />until Borrower has paid all amounts due under the Promissory Note. <br />4. Charges; Liens. Borrower will pay all taxes, assessments, and other <br />charges, fines, and impositions attributable to the Security which may attain a priority <br />over this Deed of Trust, by Borrower making any payment, when due, directly to the <br />payee thereof. <br />5. Forbearance by the City Not a Waiver. Any forbearance by the City in <br />exercising any right or remedy will not be a waiver of the exercise of any such right or <br />remedy, nor shall acceptance by the City of any payment provided for in the Promissory <br />Note constitute a waiver of the City's right to require prompt payment of any remaining <br />principal and interest owed. <br />6. Remedies Cumulative. All remedies provided in this Deed of Trust are <br />distinct and cumulative to any other right or remedy under the Promissory Note, or <br />afforded by law or equity, and may be exercised concurrently, independently or <br />successively. <br />7. Successors and Assigns Bound. The covenants and agreements herein <br />contained shall bind, and the rights hereunder shall inure to, the respective successors <br />and assigns of the City and Borrower subject to the provisions of this Deed of Trust. <br />8. Joint and Several Liability. All covenants and agreements of Borrower <br />shall be joint and several. <br />9. Notice. Except for any notice required under applicable law to be given in <br />another manner, (a) any notice to Borrower provided for in this Deed of Trust will be <br />given by certified mail, return receipt requested, addressed to Borrower at the address <br />shown in the first paragraph of this Deed of Trust or such other address as Borrower <br />may designate by notice to the City as provided herein, and (b) any notice to the City <br />will be given by certified mail, return receipt requested, to the City of Pleasanton, 123 <br />Main Street, Pleasanton, CA 94566-0802, Attn: City Manager, or to such other address <br />as the City may designate by notice to Borrower as provided above. Notice shall be <br />effective as of the date received by City or Borrower as shown on the return receipt. <br />10. Governing Law. This Deed of Trust shall be governed by the laws of the <br />State of California. The venue for any legal action pertaining to this Agreement shall be <br />Alameda County, California. <br />11. Severability. In the event that any provision or clause of this Deed of Trust <br />conflicts with applicable law, such conflict will not affect other provisions of this Deed of <br />2 <br />
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