Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
20191031_Application
Pf+-toV'l -1.J,, S tor 5 q l'l Community Development Department Planning Permit Application 1. Check Permits Requested: D Approval-in-Concept -AIC # D Lot Merger D Coastal Development Permit D Limited Term Permit - "-D Waiver for De Minimis Development D Seasonal D < 90 day 0>90 days ~' Coastal Residential Development D Modification Permit \ Condominium Conversion D Off-Site Parking Agreement Comprehensive Sign Program D Planned Community Development Plan D Development Agreement D Planned Development Permit D Development Plan D Site Development Review - D Major D Minor D Lot Line Adjustment Iii Parcel Map 2. Prc:,·ec~ Ac:tdr~~!;(~~)/A~!;~~~c:,r's ~~rc:~I Nc:>(s) Marigold Ave. Corona Del Mar, CA 92625 --Parcel# 459-206-02 CITY OF NEWPORT BEACH 100 Civic Center Drive Newport Beach, California 92660 949 644-3200 newportbeachca.gov/communitydevelopment D Staff Approval D Tract Map D Traffic Study D Use Permit-OMinor Oconditional D Amendment to existing Use Permit D Variance D Amendment -DCode OPC OGP OLCP D Other: 3. Project Description and Justification (Attach additional sheets if necessary): See Written Statement Attached 4. Applicant/Com P~rtY N~m~b':-.~-·L .... ·-.~-~m-....... -~ .. - 1 ~-.. ~-· '-A-la_i_~ .. -.~-.. ~.- 1 ~-.~~-... ~-.. ~.-... ---"""""""~---------~--------....i 001 Red Hill Ave Suite/Unit F~--~~? . . ] City~ .. ~~ ... ~~~~--~~-----_J State •''""'c"'""A"""'"""'"""""""""~~~""""' ... 2'.IJl.-~=~· .... _] Phone 1~~~-!~~--?~~1 I Fax .--r=·····---=--··.··'"""'·.··11 Email !1~1~;~~;~,;?;~·??; · .. ···.··.··.l S. ::~:::t/:dod:::i~~;.~}_~o~~ =·· :.... . ~---· .:.•··· ....... .• . ..... :] ... Suit~nit 1.··· •... ··•···••·••·•·• ~-·] City rea State E.~····-· Zip ,,, ..... 2 ...... 8 .... 2 ...... 2 ........................ , ...... ., ..................... , .. .. Phone 1714-376-7123 ~, Fax j =i Email ~sam@thelandsurveyor.com ___ ] 0 N • Marigold Partners LLC/ Herman Gulezyan 6. wner ame -~~ Mamng Address __ 1_R_e_d_H_il_l A_v_e ________________ ._ Suite/Unit lF4 -21 ~ J CitylcostaMesa :] StatJA ........ ........... J Zlp~2~26 .=i Phone 1 949~~~~-~945 .. I Fax ·=I ~-=-==~I Email herrn~n@idlh?rne.C?rTl I 7. Property Owner's Affidavit*: (I) (We) ,...IM_a __ ~ig_··.·~_ld=P=a=·~-~e=r=~:=L~~c_:.··:··_·· =---~~-=--~-----~-~~··· I depose and say that (I. am) (we are) the owner(s) of the property (ies) involved in this application. (I) (We) further certify, under penalty of perjury, that the foregoing statements and answers herein contained and the information herewith submitted-~re in all r. spects true and correct to the best of (my) (our) knowledge and belief. '-, Signature(s): ---~~~----=---,.....-------Title: ~ =~~l Date: I /0/ 3 r M .... I DD/MO/YiAR *May be signed by the lesse y an uthorized agent if written authorizatidn from the owner of record is filed concurrently with the application. Please note, the owner(s)' signature for Parcel/Tract Map and Lot Line Adjustment Application must be notarized. F:\Users\CDD\Shared\Admin\Planning_Division\Applicalions\Application_Guidelines\Planning Permit Application -CDP added.docx Rev: 01124/17 PA2019-225 F:\Users\PLN\Shared\Staff_Dir\Garciamay\Ruby\desktop\DESKTOP_\CUT_PASTE_DRAG_COPY\Office Use Only.docx Updated 08/15/17 FOR OFFICE USE ONLY\ Date Filed: _______________________ 2700-5000 Acct. APN No: __________________________ Deposit Acct. No. ________________________ Council District No.: _________________ For Deposit Account: General Plan Designation: ____________ Fee Pd: _______________________________________ Zoning District: _____________________ Receipt No: ____________________________ Coastal Zone: Yes No Check #: __________ Visa MC Amex # ____________ CDM Residents Association and Chamber Community Association(s): _______________________ Development No: __________________________ _____________________________________________ Project No: ________________________________ _____________________________________________ Activity No: _______________________________ Related Permits: ___________________________ APPLICATION Approved Denied Tabled: _________________________ ACTION DATE Planning Commission Meeting Zoning Administrator Hearing Community Development Director Remarks: __________________________________________________________________________________________ __________________________________________________________________________________________ APPLICATION WITHDRAWN: Withdrawal Received (Date): ________________________ APPLICATION CLOSED WITHOUT ACTION: Closeout Date: ________________________ Remarks: __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ 10.31.2019 502 and 502 1/2 Marigold Ave 459 206 02 6 RT R-2 PA2019-225 2729-2018 D2019-0105 NP2019-013 ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of Q t 0\ n O Q } ss. /\ L..(j\. 1 On O C :to b er 3 ) ST ' 20 V VI V ' Notary Public, personally appeared , who proved to me on the basis of satisfactory evidence to be t person(s) whose name(s) is/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 signatures(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENAL TY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. \lkz:v~~ ~~-~/}~~ Signature ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California (seal) DANIELA CHAVEZ t COMM ... 2300791 o NOTARY PUBLIC.cALIFORNIA ~ ORANGE COUNTY W My Tenn Exp. August 9, 2023 County Rf 0((JO fl(? } ss.. ~ On UD±ffbtP 31 ~, ' 20J!j_ before me, _D ___ ...... n_~_/o_t _____ .........._ __ Notary Public, personally appeared V . , proved to me on the basis of satisfactory evidence to be the pers (s) whose name(s) is/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 signatures(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENAL TY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. /d/7 ~- .. _.~ l (seal) Jft DANIELA CHAVEZ i t-.a! COMM ... 2300791 n U -NOTARY PUBI.IC.cALIFORNtA ~ m · A, ORANGE COUNTY w I My Term Exp. August 9, 2023 J PA2019-225 City of Newport Beach Planning Department 100 Civic Center Dr. Newport Beach, CA 92660 Marigold Partners, LLC 3001 Red Hill Ave #4-210 Costa Mesa, CA 92626 949-945-9945 RE: 502 Marigold Ave. Corona Del Mar, CA 92625 (Permit#: X2018-3523) Marigold Partners, LLC demolished existing duplex located at 502 Marigold Ave. Corona Del Mar, CA 92625 and currently constructing two residential condominiums. Each condominium will have its own independent utilities and meters. Total of two (2) power meters, two (2) gas meters & two (2) water meters. Units will have a total of two independent sewer lines; one for each condominium. No public areas are proposed. A tree will be planted per public works requirements & approval. ;/ Marig~ers, LLC Herman Gulezyan Owner Alain Gulezyan Contractor PA2019-225 Date: Friday, October 18, 2019 Prepared For: Betty Gulezyan " ., • " " ,,, " " ,, " " " ,,, " " " ,, " ,,. ,,, " "' Evergreen Realty 4601 Coldwater Canyon, #201 Studio City, CA 91604 Property Address: 502 MARIGOLD AVE """" ,, •H" """"" .~" ""'" """" CORONA DEL MAR, CA 92625 Assessor's Parcel No: 459-206-02 Title Representative: Steve & Taline IIIINORTH •AMERICAN .TITLE 1111 COMPANY Like Clockworke NORTH AMERICAN TITLE COMPANY Southern California www.nat.com 800.282.2293 cs@nat.com This title information has been furnished without charge by North American Title Company in conformance with the rules established by the California Insurance Commissioner, who urges you to shop for the best service available and compare charges and fees for title insurance and other services associated with the purchase or sale of a home. This information is provided as an accommodation only. The information contained herein is not a complete statement or representation of the status of title to the property in question and no assurances are made or liability assumed as to the accuracy thereof. If you wish protection against loss with respect to the status of title, you should obtain a commitment, binder or policy of title insurance. PA2019-225 Property Information Primary Owner : Secondary Owner : Site Address : Mailing Address : Assessor Parcel Number: CountyName: Tax Account ID : Phone: Census Tract : Housing Tract Number: MARIGOLD PARTNERS LLC, NIA 502 MARIGOLD AVE CORONA DEL MAR, CA 92625-2407 3001 RED HILL AVE COSTA MESA, CA 92626 459-206-02 Orange NIA 0627.02 186 Lot Number : 4 Page Grid: 919-F3 Legal Description : Lot: 4 ; Block: 540 ; Tract No: 186 ; Abbreviated Description: LOT:4 BLK:540 SUBD:CORONA DEL MAR TRACT TR#:186 A TR CORONA DEL MAR BLK 540 LOT 4 Property Characteristics Bedrooms: 1 Year Built: Bathrooms: 2.0 Garage: Partial Bath : 0 Fireplace: Total Rooms : 4 Pool/Spa: Zoning: NIA Sale/Loan Information Transfer Date : 08/2912018 Transfer Value : $1,900,000 First Loan Amt : $2,525,000 Assessment/Tax Information Assessed Value : $407,787 Land Value: $325,685 Improvement Value : $82,102 NIA NIA NIA N Square Feet : 0 Lot size: 3398 SF Number of Units : 0 Use Code: Single Family Residential Document# : 2018000318203 Cost/Sq Feet: NIA Lender: CENTER STREET LENDING FUND IV I Tax Amount: $4,775.18 Tax Status: Current Tax Rate Area : 7-001 Percent Improvement : 20% Homeowner Exemption : N Data Deemed Reliable, But Not Guaranteed. Copyright@ 2004-2019 Lender Processing Services. Inc. All Rights Reserved. All other trademarks and copyrights are the property of their 10/18/2019 15:27:46 PM Customer Service Rep Becky Palomino PA2019-225 1. 500 Angelita Dr, Corona Del Mar 2. 219 Dahlia Ave, Corona Del Mar 3. 3200 Ocean Blvd, Corona Del Mar 4. 217 Orchid Ave, Corona Del Mar 5. 231 Driftwood Rd, Corona Del Mar 6. 3423 Quiet Cv, Corona Del Mar 7. 925 Sandcastle Dr, Corona Del Mar 502 MARIGOLD AVE CORONA DEL MAR, CA 92625-2407 09/24/2019 $2,794,000 11. 3607 Park Green Dr, Corona Del Mar 08/08/2019 09/03/2019 $2,800,000 12. 4 Maritime Dr, Corona Del Mar 09/12/2019 09/30/2019 $7,568,000 13. 2631 Point Del Mar, Corona Del Mar 09/19/2019 08/26/2019 $3,950,000 14. 611 Jasmine Ave, Corona Del Mar 08/21/2019 08/16/2019 $6,000,000 15. 706 Marigold Ave, Corona Del Mar 10/04/2019 07/31/2019 $5,400,000 16. 619 Carnation Ave, Corona Del Mar 09/18/2019 08/30/2019 $3,900,000 17. 500 Acacia Ave, Corona Del Mar 08/16/2019 8. 2814 Lighthouse Ln, Corona Del Mar 08/30/2019 $2,200,000 18. 2328 Pacific Dr, Corona Del Mar 09/12/2019 9. 2707 Lighthouse Ln, Corona Del Mar 09/10/2019 $3,100,000 19. 4521 Dorchester Rd, Corona Del Mar 08/23/2019 10. 1223 Sand Ky, Corona Del Mar 09/09/2019 $2,400,000 20. 4639 Perham Rd, Corona Del Mar 09/16/2019 Data Deemed Reliable, But Not Guaranteed. $4,300,000 $1,455,000 $1,775,000 $1,695,000 $1,865,000 $2,100,000 $1,435,000 $3,550,000 $3,250,000 $6,000,000 Copyright© 2004-2019 Lender Processing Services, Inc. All Rights Reserved. All other trademarks and copyrights are the property of their respective holders. '10i18i2019 15:27:47 PM Customer Service Rep: Becky Palomino PA2019-225 Criteria Selected: Searched by Radius: 1 miles Maximum Bathrooms: 12 Maximum Bedrooms: 16 Pool: All Land Use: Same as Subject Date Range: 10/23/2018 to 10/18/2019 Area Sales Analysis Low Bedrooms: 0 Baths: 0 Lot Size: 1,830 Living Area (SqFt): 0 Sale Price: $1,435,000 Year Built: 1920 Age: 4 Subject Property Year Built: Minimum Bathrooms: 0 Minimum Bedrooms: 0 Median High 4 5 3 7 7,032 12,960 2,607 5,618 $2,950,000 $7,568,000 1968 2015 51 99 Sale Date: 08/29/2018 Lot Size: 3,398 SF Square Feet: N/A N/A Price: $/SF: $1,900,000 N/A Comparable Sales Data Pool: N BR/8th: 1/2.0 No. Address Date Price Loan $/SF SqFt BR/8th ¥ear Built Lot Size Pool 1 500 ANGELITA DR 09/24/2019 $2,794,000 $0 $1,027 2,719 7/3/2 1957 10,450 SF P CORONA DEL MAR, CA 92625 Owner: HAUZER LLC Seller: RUSSELL STANLEY WILLIAMS, THE APN: 050-336-20 Document#: 2019000366741 Legal: Lot:53 Subdivision:TRACT NO 2813 Map Ref:MB 94 PG 45-47City/Muni/Twp:NEWPORT BEACH Land Use: Single Family Residential Located approximately 0.75 miles from subject property. 2 219 DAHLIA AVE 09/03/2019 $2,800,000 $2,100,000 $1,500 1,866 5/3/3 1995 1;950 SF N/A CORONA DEL MAR, CA 92625 Owner: CRAIG P WINCHESTER, DEBRA L KASTE Seller: MICHELLE BROWN, ROGER SHAMBAUGH APN: 052-031-14 Document#: 2019000330216 Legal: Block:131 Subdivision:RESUBDIVISION OF CORONA DEL MAR Map Ref:MB 4 PG 67Abbreviated Land Use: Single Family Residential Located approximately 0.54 miles from subject property. 3 3200 OCEAN BLVD 09/30/2019 $7,568,000 $0 $3,033 2,495 6/4/4 1991 5,460 SF N/A CORONA DEL MAR, CA 92625 Owner: EDWARD ZHENG, CAROL PENG Seller: KAREN M HINTON, JOHN D MALONEY APN: 052-112-23 Document #: 2019000376704 Legal: Lot:7&8 Block:138 Subdivision:CORONA DEL MAR Map Ref:MB 4 PG 67City/Muni/Twp:NEWPORT BEACH Land Use: Single Family Residential Located approximately 0.34 miles from subject property. 4 217 ORCHID AVE 08/26/2019 $3,950,000 $0 $1,338 2,950 2/3 2002 3,540 SF N/A CORONA DEL MAR, CA 92625 Owner: ZILKER INVESTORS LLC Seller: ALBERT E BARNETT, BARNETT TRUST APN: 052-142-28 Document#: 2019000316851 Legal: Lot:13 Block:141 Subdivision:RESUBDIVISION OF CORONA DEL MAR Map Ref:MB 4 PG Land Use: Single Family Residential Located approximately 0.29 miles from subject property. Data Deemed Reliable, But Not Guaranteed. Copyright@ 2004-20i 9 Lender Processing Services, Inc. All Rights Reserved. All other trademarks and copyrights are the property of their respective holders. Customer Service Rep: Becky Palornino PA2019-225 Comparable Sales Data No. Address Date Price Loan $/SF SqEt BR/Bth Year Built Lot Size Pool 5 231 DRIFTWOOD RD 08/16/2019 $6,000,000 $0 $1,067 5,618 7/4/4 2015 7,920 SF N/A CORONA DEL MAR, CA 92625 Owner: GEORGE A MANGIARACINA, WENDY L Seller: CHARLES E MUELLER JR, SUSAN P APN: 052-192-21 Document#: 2019000303416 Legal: Lot:42 Tract No:1116 Map Ref:MB 36 PG 19-20City/Muni/Twp:NEWPORT BEACH Land Use: Single Family Residential Located approximately 0.44 miles from subject property. 6 3423 QUIET CV 07/31/2019 $5,400,000 $0 $1,645 3,282 7/4/4 2014 8,740 SE N/A CORONA DEL MAR, CA 92625 Owner: PETER M GRANDE, WENDY J GRANDE Seller: PAUL ALVAREZ APN: 458-032-12 Document#: 2019000277151 Legal: Lot:47 Tract No:6228 Map Ref:MB 229 PG 25-32City/Muni/Twp:NEWPORT BEACH Land Use: Single Family Residential Located approximately 0.36 miles from subject property. 7 925 SANDCASTLE DR 08/30/2019 $3,900,000 $1,900,000 $1,337 2,916 8/4/3 2015 11,376 SF P CORONA DEL MAR, CA 92625 Owner: LEWIS LANE, NANCY LANE Seller: EDWARD SAMEN APN: 458-042-06 Document#: 2019000326341 Legal: Lot:64 Subdivision:TRACT NO 6228 Map Ref:MB 229 PG 25-32City/Muni/Twp:NEWPORT BEACH Land Use: Single Family Residential Located approximately 0.38 miles from subject property. 8 2814 LIGHTHOUSE LN 08/30/2019 $2,200,000 $0 $835 2,634 8/4/2 1967 9,877 SE N/A CORONA DEL MAR, CA 92625 Owner: EDWARD SAMEN, MARINA SAMEN Seller: ALAN GREENGARD, THE R & N APN: 458-071-04 Document#: 2019000326343 Legal: Lot:3 Subdivision:TRACT 6385 Map Ref:MB 235 PG 1-5City/Muni/Twp:NEWPORT BEACH Land Use: Single Family Residential Located approximately 0.89 miles from subject property. 9 2707 LIGHTHOUSE LN 09/10/2019 $3,100,000 $2,100,000 $1,119 2,769 8/4/2 1967 10,773 SF P CORONA DEL MAR, CA 92625 Owner: KYLE J NELSON, KATHERINE E BRANNAM Seller: DAVID B CASSIDY, ELEANORE CASSIDY APN: 458-071-24 Document#: 2019000342628 Legal: Lot:23 Subdivision:TRACT NO 6385 Map Ref:MB 235 PG 1-5City/Muni/Twp:NEWPORT BEACH Land Use: Single Family Residential Located approximately 0.93 miles from subject property. 10 1223 SAND KY 09/09/2019 $2,400,000 $1,920,000 $1,098 2,185 8/4/2 1969 8,400 SF P CORONA DEL MAR, CA 92625 Owner: AARON STRUMWASSER, KATHY Seller: KYLE J NELSON, KATHERINE E BRANNAM APN: 458-171-20 Document#: 2019000340510 Legal: Lot:119 Subdivision:TRACT NO 6634 Map Ref:MB 248 PG 18-25City/Muni/Twp:NEWPORT BEACH Land Use: Single Family Residential Located approximately 0.63 miles from subject property. 11 3607 PARK GREEN DR 08/08/2019 $4,300,000 $2,870,000 $1,248 3,445 9/4/4 1969 8,250 SF N/A CORONA DEL MAR, CA 92625 Owner: L DAVID KINGSLEY, ERIN GRODY Seller: TRIMAR PROPERTIES LLC APN: 458-172-05 Document#: 2019000291720 Legal: Lot:125 Tract No:6634 Map Ref:MB 248 PG 18-25City/Muni/Twp:NEWPORT BEACH Land Use: Single Family Residential Located approximately 0.57 miles from subject property. 12 4 MARITIME DR 09/12/2019 $1,455,000 $726,525 $649 2,241 7/3/2 1978 6,564 SF NIA CORONA DEL MAR, CA 92625 Owner: LINDA H BYUN Seller: STACY LYNNE COCHRAN GUSTAFSON, APN: 458-381-36 Document#: 2019000347623 Legal: Lot:78 Subdivision:TRACT NO 7967 Map Ref:MB 417 PG 20-26City/Muni/Twp:NEWPORT BEACH Land Use: Single Family Residential Located approximately 0. 78 miles from subject property. Data Deemed Reliable, But Not Guaranteed. Copyright© 2004-2019 Lender Processing Services, Inc. All Rights Reserved. All other trademarks and copyrights are the property of their respeetive holders. 10i18/20'19 15:27:47 PM Customer Service Rep: Becky Palomino PA2019-225 Comparable Sales Data No. Address Date Price Loan $/SF SqFt BR/8th :Year Built Lot Size Pool 13 2631 POINT DEL MAR 09/19/2019 $1,775,000 $450,000 $687 2,580 4/3 1987 4,000 SF N/A CORONA DEL MAR, CA 92625 Owner: JOHN STEPHEN ACIERNO Seller: BO:YD D MARTIN JR, BO:YD MARTIN APN: 458-644-29 Document#: 2019000358441 Legal: Lot:30 Subdivision:TRACT NO 12209 Map Ref:MB 569 PG 44-47City/Muni/Twp:CORONA DEL MAR Land Use: Single Family Residential Located approximately 0.52 miles from subject property. 14 611 JASMINE AVE 08/21/2019 $1,695,000 $0 $0 0 0 1920 3,607 SF N/A CORONA DEL MAR, CA 92625 Owner: 611 JASMINE LLC Seller: ROBERT DELL FREEMAN, BILLIE ANN APN: 459-053-16 Document#: 2019000308992 Legal: Lot: 11 Block:636 Subdivision:CORONA DEL MAR Map Ref:MB 3 PG 41 &42City/Muni/Twp:CORONA DEL Land Use: Single Family Residential Located approximately 0.23 miles from subject property. 15 706 MARIGOLD AVE 10/04/2019 $1,865,000 $0 $2,116 881 5/2/2 1958 3,613 SF N/A CORONA DEL MAR, CA 92625 Owner: WAYNER INOU:YE, SHANNON LC INOU:YE Seller: SUE ANN BIRD APN: 459-071-07 Document#: 2019000386811 Legal: Lot:8 Block:740 Map Ref:MB 3 PG 41&42City/Muni/Twp:NEWPORT BEACH Land Use: Single Family Residential Located approximately 0.16 miles from subject property. 16 619 CARNATION AVE 09/18/2019 $2,100,000 $1,680,000 $2,692 780 4/2/1 1962 3,712 SF N/A CORONA DEL MAR, CA 92625 Owner: NADER ALEXANDER SHAH, SARA AREZOU Seller: IDA ZUCKER APN: 459-086-20 Document#: 2019000357545 Legal: Lot:19 Block:630 Subdivision:CORONA DEL MAR Map Ref:MB 3 PG 41&42City/Muni/Twp:NEWPORT Land Use: Single Family Residential Located approximately 0.56 miles from subject property. 17 500 ACACIA AVE 08/16/2019 $1,435,000 $1,148,000 $1,556 922 4/2/2 1934 1,830 SF N/A CORONA DEL MAR, CA 92625 Owner: THOMAS HEFFERNAN Seller: JAMES A KNAPP, JAMES KNAPP 2013 APN: 459-092-09 Document#: 2019000304563 Legal: Lot:2 Block:529 Subdivision:CORONA DEL MAR Map Ref:MB 3 PG 41 &42City/Muni/Twp:NEWPORT BEACH Land Use: Single Family Residential Located approximately 0.63 miles from subject property. 18 2328 PACIFIC DR 09/12/2019 $3,550,000 $3,206,253 $1,672 2,123 5/2/3 1958 4,235 SF P CORONA DEL MAR, CA 92625 Owner: JAMISON INVESTMENTS INC Seller: JAMES K NEFF, CARMIT P NEFF APN: 459-102-13 Document#: 2019000347854 Legal: Lot:1 Block:329 Map Ref:MB 3 PG 41&42City/Muni/Twp:NEWPORT BEACH Land Use: Single Family Residential Located approximately 0.62 miles from subject property. 19 4521 DORCHESTER RD 08/23/2019 $3,250,000 $2,266,113 $1,208 2,690 8/5/3 1962 7,500 SF P CORONA DEL MAR, CA 92625 Owner: JUDITH B SCHUSTER, SHUSTER FAMIL:Y Seller: SUSAN E POTTS, CALDWELL FAMIL:Y APN: 475-033-07 Document#: 2019000315214 Legal: Lot:91 Subdivision:TRACT NO 3519 Map Ref:MB 128 PG 18-21City/Muni/Twp:CORONA DEL MAR Land Use: Single Family Residential Located approximately 0.69 miles from subject property. 20 4639 PERHAM RD 09/16/2019 $6,000,000 $4,500,000 $2,106 2,849 9/4/7 1963 12,960 SF P CORONA DEL MAR, CA 92625 Owner: K:YLE R HOGAN, LAUREN HOGAN Seller: PERHAM INVESTMENTS LP APN: 475-043-09 Document#: 2019000353112 Legal: Lot:125 Subdivision:TRACT NO 3357 Map Ref:MB 107 PG 1-7City/Muni/Twp:NEWPORT BEACH Land Use: Single Family Residential Located approximately 0.87 miles from subject property. Data Deemed Reliable, But Not Guaranteed. Copyright@ 2004-2019 Lender Processing Services, Inc. All Rights Reserved. Ail other trademarks and copyrights are the property of their respective holders. 10/18/2019 15:27:47 PM Customer Service Rep: Becky Palomino PA2019-225 ~~ <» "O --'< I\.}::::;_ 0 (Q .... :::; <.o .... @ N 0 ~ rG S: tO ~ R ~ "lJ 0 () ro (/1 r,, s· (Q (J) (1) s. g _<f> 3" ("") . 0 ~ Er 2;J 0 ~;g (Fl 3 ~~ fil ~ < == (1) Sl) Q. O"" )> .fil = 0) g_ s. ~z ..., 0 gG) 0. C (l) !l1 3 iii ~ ~ :,;-(1) (/1 (I) ru o.. i5. 8 "O '< <f} ~ ,,, ro 0 '.! C ::;; (f) (D 0 -0 3 a ('i) -0 ..., ro ~~ ~-8. {1 .... ;[ (t}--. -0 (1) .. (/) tl 0) (1) ~ ~- A (1) '< :::; ~ §: ~ ~ s·. 0 MARCH 1983 0 "7 N Ll"I 0 I"") I N Ll"I 0 J ~ ~ ~ ~ u 14 '--< ~ 20 : ... !.. 1. --; !~ • "'tC:S J.&J·,.-- :/1 • I g;:=e ~©~~ ~~_j ] :....· Bf§_tY ~: \.V :,::1 ,,__.,,,. 4 • u,' '4' ~-~ \31 ... ; f ; 7~4· ~; -in CORONA DEL MAR TRACT NO. 323 PARCEL MAP PARCEL MAP PARCEL MAP PARCEL MAP t, ~ (j ~ I ~ ~ 19 L II I ~ MARGUERITE (PIERI MARIGOLD (:19 TH. AVE.) dl,p -----_@._ ::'14'' @ : __ :1 @ NO. 4 M.M, M.M. P.M. P.M. P.M. P.M. 323® ~ ~I' NARCISSUS 11 21 3-42 14-40. 41 (40 TH. AVE.) 297-10, 301-4. 303-20. 306-41. 309-37 321-1. 325-47. 341-47. 347-42. 350-1 352-44, 360-8. 365-38. 373-3. 373-19 378-13, 382-5. 383-29 5"' ~ ~ ~ ~ ~ ~ SD' NOTE -ASSESSOR'S BLOCK & PARCEL NUMBERS SHOWN IN CIRCLES 459-20 AVENUE ~ ~·L[_ / ~4 : [ ~ 1'•100' ~ AVENUE ~ [~ [o ~ ~ ~, AVENUE~ I ASSESSOR'S MAP BOOK 459 PAGE 20 COUNTY OF ORANGE D PA2019-225 Page 1 of 2 + NORTH AMERICAN TITLE, NAO, T129 ORANGE, CA 10/18/2019 03:27PM IRCH ORANGE 2019-20 TAX ROLL ENTERED APN: 459-206-02 I"' APN: 459-206-02 INVESTIGATIVE SEARCH RESULTS CUSTOMER SERVICE REQUEST ONLY PAYMENTS AS OF 10/11/2019 SEARCH PARAMETERS PAGE 1 OF 2 TRA: 07-001 -CITY OF NEWPORT BEACH DOC#: 2018-318203 LEGAL: A TR CORONA DEL MAR BLK 540 LOT 4 SITUS: 502 MARIGOLD AVE NEWPORT BEACH CA MAIL: 3001 RED HILL AVE, STE 4-210 COSTA MESA, CA 92626 ASSESSED OWNER(S) 2019-20 ASSESSED VALUES! MARIGOLD PARTNERS LLC 2019-20 TAXES STATUS DELINQUENT DATE INSTALLMENT PENALTY BALANCE DUE ASSESSMENT DETAIL CODE# TYPE A1 ALL PROP AV TAX U4 OCSD SEWER USER FEE C7 MWD WATER STDBY CHG BA MOSQ,FIRE ANT ASSMT 83 VECTOR CONTROL CHG LAND IMPROVEMENTS TAXABLE 1STINST OPEN 12/10/2019 10,235.45 1,023.54 10,235.45 AMOUNT JURISDICTION 19,975.08 BASE TAX 2ND INST OPEN 04/10/2020 10,235.45 1,046.54 10,235.45 474.60 ORANGE CO SANITATION DIST (OLD OCS 11.60 MWD-MWDOC WAS CMWD ORIG AREA 12059 7.70 ORANGE COUNTY VECTOR CONTROL DISTR 1.92 ORANGE COUNTY VECTOR CONTROL DISTR 20,470.90 TOTAL OF SPECIAL ASSESSMENTS 1,834,396 65,604 1,900,000 TOTAL TAXI 20,470.90 2,070.08 20,470.90 ADDITIONAL PROPERTY INFORMATION COUNTY USE CODE: SFRSD STANDARD LAND USE: SFR 1.1 APN: 459-206-02.0201 DATE: 01/28/20191 TRA: 07-001 -CITY OF NEWPORT BEACH SITUS: 502 MARIGOLD AVE NEWPORT BEACH CA ** SUPPLEMENTAL BILL** ASSESSED OWNER(S) 2019-20 ASSESSED VALUES I MARIGOLD PARTNERS LLC LAND 0 file:///C:/Users/rpalomino/AppData/Roaming/DTS2/DTS2_4336/Content/06-060-NA-OR ... 10/18/2019 PA2019-225 + NORTH AMERICAN TITLE, NAO, T129 10/18/2019 03:27PM IRCH ORANGE 2019-20 TAX ROLL 2019-20 TAXES STATUS PAYMENT DATE DELINQUENT DATE INSTALLMENT PENALTY BALANCE DUE INVESTIGATIVE SEARCH RESULTS 1STINST PAID 02/28/2019 02/28/2019 3,286.52 328.65 .00 WARNINGS AND/OR COMMENTS SUPPLEMENTAL ROLL YEAR 2018-2019 REASON: FOR OWNER CHANGE OR COMPLETED CONSTRUCTION ,,, APN: 459-206-02.0300 TRA: 07-001 -CITY OF NEWPORT BEACH SITUS: 502 MARIGOLD AVE NEWPORT BEACH CA ASSESSED OWNER(S) MARIGOLD PARTNERS LLC 2019-20 TAXES STATUS PAYMENT DATE DELINQUENT DATE INSTALLMENT PENALTY BALANCE DUE LAND 1STINST PAID 02/28/2019 02/28/2019 3,253.76 325.37 .00 WARNINGS AND/OR COMMENTS SUPPLEMENTAL ROLL YEAR 2018-2019 REASON: FOR OWNER CHANGE OR COMPLETED CONSTRUCTION CURRENT OPEN ORDERS TOF SE COMPANY NA ORDER DATE 1654078 08/15/2019 END OF SEARCH 2NDINST **DELQ** 07/01/2019 3,286.51 351.65 3,638.16 Page 2 of2 ORANGE, CA PAGE 2 OF 2 TOTAL TAX! 6,573.03 680.30 3,638.16 DATE: 01/28/20191 ** SUPPLEMENTAL BILL** 2019-20 ASSESSED VALUES I 2ND INST **DELQ** 07/01/2019 3,253.75 348.37 3,602.12 0 TOTAL TAX! 6,507.51 673.74 3,602.12 file:// IC :/U sers/rpalomino/ AppData/Roaming/DTS2/DTS2 _ 43 3 6/Content/06-060-NA-O R... 10/18/2019 PA2019-225 Branch :NAO,User :T129 Comment: Station Id :IRCH ORANGE,CA RECORDING REQUESTED BY: First American Title Company AND WHEN RECORDED MAIL TO: Marigold Partners, LLC 3001 Red Hill Ave. Ste. 4-210 Costa Mesa, CA 92626 Title Order No.: 5738974 Recorded in Official Records, Orange County Hugh Nguyen, Clerk-Recorder I IIIII I I IIIIII Ill lllll lllll lllll lllll lllll lllll lllll lllll lllll llll I I Ill llll 15 · 00 * $ R O O 1 0 3 1 9 4 3 5 $ * 2018000318203 2:28 pm 08/29/18 48 405 G02 4 07 1045.001045.00 0.00 0.00 9.00 0.00 0.000.000.00 0.00 THIS SPACE FOR RECORDER'S USE ONLY Escrow No.: 052749-MM GRANT DEED THE UNDERSIGNED GRANTOR(S) DECLARE(S) DOCUMENTARY TRANSFER TAX is $2,090.00 [X] computed on full value of property conveyed, or [ ] computed on full value less value of liens or encumbrances remaining at time of sale [ ] Unincorporated area [X] City of Newport Beach AND FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, Matthew Hardy, Successor Trustee of the Charles Hardy Trust, under declaration of trust dated December 1, 1998, an undivided 50.0000% interest and Wayne M. Stewart, Trustee of The Wayne M. Stewart Revocable Trust 2006, an undivided 50.0000% interest hereby GRANT(s) to: Marigold Partners LLC, a California Limited Liability Company the real property in the City of Newport Beach, County of Orange, State of California, described as: LEGAL DESCRIPTION ATIACHED HERETO AS EXHIBIT "A" AND MADE A PART HEREOF Also Known as: 502 Marigold Avenue, Corona del Mar, CA 92625 AP#: 459-206-02 SUBJECT TO: (1) General and Special County and City (tf any) Taxes for the current fiscal year, not due or delinquent, including any special levies, payments for which are included therein and collected therewith. (2) Lien of Supplemental Taxes, if any, assessed pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State of California. (3) Covenants, Conditions and Restrictions, reseivation easements for public utilities, districts. water companies, alleys and streets, rights and rights of way of record, 1f any; also exception of 011, gas, minerals and hydrocarbons, and/or lease, 1f any, without the right of surface entry. GRANT DEED CONTINUED ON NEXT PAGE Mail Tax Statement to· SAME AS ABOVE or Address Noted Below Mangold Partners. LLC 3001 Red Hill Ave Ste 4-210 Costa Mesa. CA 92626 Page 1 of 2 Page 1 of 4 Printed on 10/18/2019 3:28:21 PM Document: DD 2018.318203 PA2019-225 Branch :NAO,User :T129 Comment: Station Id :IRCH ORANGE,CA CONTINUATION OF GRANT DEED Escrow No.: 0527 49-MM Dated: August 3, 2018 Charles Hardy Trust By:----------------Matthew Hardy. Successor Trustee A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness. accurac • or valid• of that document STATE OF CALIFORNIA COUNTY OF Dn:in1..t-· On (!r/H c t Iv , 2Q If( before me. A Ji .s o rt ff,, / ,;,t 90-$ A Notary Public personally appeare V°JAyne,. J/1· St-ewa.Yf who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/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. I certify under PENAL TY OF PERJURY under the laws of the State of California that the foregoing paragraph 1s true and correct. :::my~~ '8" ALISON HAJAGOS , ii · Commiuion No.2142942 11 • · NOTARV~!J I 11rc-=.-J (Seal) Page 2 of 4 Printed on 10/18/2019 3 :28 :21 PM Document: DD 2018.318203 PA2019-225 Branch :NAO,User :Tl29 Comment: Station Id :IRCH ORANGE,CA Escrow No.: 0527 49·MM Dated· August 3. 2018 CONTINUATION OF GRANT DEED S..,c~~ -r-,.._, ,-ee ardy, Successor Trustee The Wayne M. Stewart Revocable Trust 2006 BY·.----------........-------Wayne M Stewart, Trustee A notary public or other officer completing this certificate venfies only the Identity of the individual who signed the document to which this certi tE· is attached, and not the truthfulness. accura • or validit of that document. STATE OF .ARl~M"' COU~YOF -~ on..,t,t ~ • be ore me, M1,g1.4 c...4, RIH J,. CA,U,/.A&G' A Notary Public personally appeare M lsttit ,: w tlff81t;.1< % ss e u.. HJ, Bl> y who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(1es). and that by h1s/her/the1r s1gnature(s) on the instrument the person{s). or the entity upon behalf of which the person(s) acted, executed the instrument )c~l~/JA I certify under PENAL TY OF PERJURY under the laws of the State of ~· that the foregoing paragraph is true and correct. WITNESS my hand and official seal. ~ Signature_-4urrrr.,JG,,.,,,..,fp,,:;~-,..._~------- (Seal) Page 3 of 4 Printed on 10/18/2019 3:28:21 PM Document: DD 2018 .318203 PA2019-225 Branch :NAO,User :T129 Comment: EXHIBIT "N' LEGAL DESCRIPTION Real property in the City of NEWPORT BEACH, County of Orange, State of califomia, described as follows: LOT 4 OF BLOCK 540 OF CORONA DEL MAR TRACT, AS PER MAP RECORDED IN BOOK 3, PAGE 42 OF MISCELLANEOUS MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. APN: 459-206-02 Station Id :IRCH ORANGE,CA Page 4 of 4 Printed on 10/18/2019 3:28:22 PM Document: DD 2018 .318203 PA2019-225 Branch :NAO,User :T129 Comment: Recorded in Official Records, Orange County Hugh t-Jguyen, Clerk-Recorder Station Id :IRCH RECORDING REQUESTED lllllllllllllllllllllllllllllllllllllllllllllllllllll!lllllllllllllllllllll 66.00 *$R0010319436$* AND WHEN RECORDED MAIL TO: 2018000318204 2:28 pm 08/29/18 48 405 D11 502 A34 A36 11 ~ 'ck<"~ tercltf\~ rurd 0.00 0.00 0.00 0.00 30.00 0.00 0.000.000.00 12.00 ·160()\ Von ~Mo.n. 1-'\ve &te. .+eoo ,r-vc"'e, CJA qJ-f..t 1-z..... ORANGE,CA THIS SP,tCE IS FOR RECOlll)ERS VSE ONLY -p.e.ea ~ ,r--0~~, ~(J..)...t~ .ft!\ljr~(Y\e..V\..4:- a..t"\.c\ -r, ~"\v<-'2 r,X,~~ L\N'\V\ C\S5 \Cjn<""ne.,·v~ of v-e~ a..-d \e~se.s') (Title of Document) Per Government Code 27388.1 (a}{l) "A fee of $75 dollars shall be paid at the time of recording of every real estate instrument, paper, or notice required or permitted by law to be recorded, except those expressly exempted from payment of recording fees, per each single transaction per parcel or real property. The fee shall not exceed two hundred twenty-five dollars ($225)" Reason for Exemption: "iz(Exempt from fee per GC 27388.1 (a) (2); recorded concurrently "in connection ~ a transfer subject to the imposition of documentary transfer tax (OTT). 0 Exempt from fee per GC 27388.1 (a) (2); recorded concurrently "in connection with" a transfer of real property that is a residential dwelling to an owner-occupier. 0 Exempt from fee per GC 27388.1 (a) (1 ); fee cap of $225.00 reached. 0 Exempt from the fee per GC 27388.1 (a) (1 ); not related to real property. Failure to include an exemption reason will result in the imposition of the $75.00 Building Homes and Job Act Fee. THIS PAGE ADDED TO PROVIDE ADEQUATE SPACE FOR RECORDING INFORMATION (ADDITIONAL RECORDING FEE APPLIES) 12/29/17 Page 1 of 11 Printed on 10/18/2019 3:28:22 PM Document: TD 2018 .318204 PA2019-225 Branch :NAO,User :Tl29 REC~~REQlES=AMY FIRS11fi£~Tll~ RES10ENl1Pl.1J1VhJIV" RECORDING REQUESTED DY AND WHEN RECORDED MAIL TO Center Street Lending Fund IV SPE, LLC 18301 Von Kannan Avenue, Suite 330 Irvine, CA 92612 Loan Number: 5473 J , <;:; '1 ':'J v .... f,' ~ -Of SPACE ABOVE THIS LINB Comment: APN: 459•206•02 Order#: 0-SA-5738974 Escrow#: 052749-MM FOR RBCORDER•s USB DEED OF TRUST, SECURITY AGREEMENT AND FIXTURE FILING (WITH ASSIGNMENT OF RENTS AND LEASES) This Deed or Trust, Security Agreement and Fixture Filing (with Assignment of Rents and Leases) ("Deed or Trust" or "Deed,,) Is made August 22, 2018, between Marigold Partners LLC, a California limited liability company, herein called Trustor {or "Borrower''), whose address is 3001 Redhill Avenue #4-210, Costa Mesa, CA 92626, and Center Street Lending Fund IV SPB, LLC, a Delaware limited liability company, herein called Beneficiary, whose address is 1830 I Von Karman Avenue, Suite 330, Irvine, CA 92612 and First American Title Company, herein called Trustee, WITNESSETH: THAT TRUSTOR IRREVOCABLY GRANTS, TRANSFERS AND ASSIGNS TO TRUSTEE IN TRUST, WITH POWER OF SALE, TOGETHER WITH RIGHT OF ENTRY AND POSSESSION, the following property (the "Trust Estate0 ): (a) all that certain real property now or hereafter acquired, fn City of Corona Del Mar , County of Orange, State of California (the "Land,.),.more particularly described as follows: COMPLBTB LEGAL DESCRIPTION IS A'ITACHED HERETO AND MADB A PART HEREOF AS PER ATTACHED EXHIBIT A APN: 459-206-02 Street Address: S02 Marigold A vc. Corona Del Mar, CA 9262S (b) all buildings, structures and other improvements now or in the future located or to be constructed on the Land (the "Improvements"); (c) all tenements, hereditaments, appurtenances, privileges, franchises and other rights and interests now or in the future benefitting or otherwise relating to the Land or the Improvements, including easements, rights- of-way, development rights, mineral rights, water and water rights, pumps and pumping plants and all shares of stock evidencing the same (the ''Appurtenances," and together with the Land and the Improvements, the "Real Property0 ); C8lifomla-2.20.18 «Version» Deed otTrusl CFL License No. 60DB0-57756 Station Id :IRCH ORANGE,CA Page 2 of 11 Printed on l 0/18/2019 3 :28:22 PM Document: TD 2018.318204 PA2019-225 Branch :NAO,User :T129 Comment: (d) subject to the assignment to Beneficiary set forth below, all rents, issues, income, revenues. royalties and profits now or in the future payable with respect to or otherwise derived from the Trust Estate or the ownership, use, management, operation, leasing or occupancy of the Trust Estate, including those past due and unpaid (the "Rents"); (e) all present and future right, title and interest of Trustor in and to all inventory, equipment, fixtures and other goods (as those terms are defined in Division 9 of the California Uniform Commercial Code (the "UCC'), and whether existing now or in the future) now or in the future located at, upon or about, or affixed or attached to or installed in, the Real Property. or used or to be used in connection with or otherwise relating to the Real Property or the ownership, use. development, construction. maintenance, management, operation, marketing, leasing or occupancy of the Real Property, including furniture, furnishings, machinery, appliances, building materials and supplies, generators, boilers, furnaces, water tanks, heating, ventilating and air conditioning equipment and all other types of tangible personal property of any kind or nature, and all accessories, additions, attachments, parts, proceeds, products, repairs, replacements and substitutions of or to any of such property (the "Goods," and together with the Real Property. the "Property"); and (t) all present and future right, title and interest of Trustor in and to all accounts, general intangibles, chattel paper, deposit accounts, money, instruments and documents (as those terms are defined in the UCC) and all other agreements, obligations. rights and written materials (in each case whether existing now or in the future) relating to or otherwise arising in connection with or derived from the Property or any other part of the Trust Estate or the ownership, use. development, construction, maintenance, management, operation, marketing. leasing, occupancy, sale or financing of the Property or any other part of the Trust Estate, including (to the extent applicable to the Property or any other portion of the Trust Estate) (i) permits, approvals and other governmental authorizations, (ii) improvement plans and specifications and architectural drawings, (iii) agreements with contractors, subcontractors, suppliers, project managers, supervisors, designers, architects, engineers, safes agents, leasing agents. consultants and property managers, (iv) takeout, refinancing and permanent loan commitments. (v) warranties, guaranties, indemnities and insurance policies (whether or not required to be carried by Trustor pursuant to the terms hereot), together with insurance payments and unearned insurance premiums, (vi) claims, demands, awards, settlements and other payments arising or resulting from or otherwise relating to any insurance (whether or not Beneficiary is named as a loss payee of such insurance) or any loss or destruction of. injury or damage to, trespass on or taking. condemnation (or conveyance in lieu of condemnation) or public use of any of the Property, (vii) license agreements, service and maintenance agreements. purchase and sale agreements and purchase options, together with advance payments, security deposits and other amounts paid to or deposited with Trustor under any such agreements, (viii) reserves, deposits, bonds, deferred payments, refunds, rebates, discounts, cost savings, escrow proceeds, sale proceeds and other rights to the payment of money, trade names, trademarks, goodwill and all other types of intangible personal property of any kind or nature, and (ix) all supplements, modifications, amendments. renewals, extensions. proceeds, replacements and substitutions of or to any of such property (the .. Intangibles"). Trustor further grants to Trustee and Beneficiary, pursuant to the UCC, a security interest in all present and future right, title and interest of Trustor in and to all Goods and Intangibles and all of the Trust Estates described above in which a security interest may be created under the UCC (collectively, the "Personal Property"). This Deed of Trust constitutes a security agreement under the UCC, conveying a security interest in the Personal Property to Trustee and Beneficiary. Trustee and Beneficiary shall have, in addition to all rights and remedies provided herein, all the rights and remedies of a "secured party" under the UCC and other applicable California law. Trustor covenants and agrees that this Deed of Trust constitutes a fixture filing under Section 93 I 3 and 9402(6) of the UCC. For the purpose of securing in such order of priority as Beneficiary may elect, (I) payment of an indebtedness in the sum of TWO MILLION FIVE HUNDRED TWENTY FIVE THOUSAND DOLLARS AND ZERO CENTS ($2,525,000.00) evidenced by that certain Promissory Note ("Note") of even date herewith executed by Trustor to the order of Beneficiary and any and all modifications, extensions or renewals thereof, whether hereafter evidenced by said Note or otherwise; (2) payment of interest on said indebtedness according to the terms of said Note; (3) payment of all other sums, with interest as herein provided. becoming due or payable under the provisions hereof to Trustee or Beneficiary; (4) due, prompt and complete observance, performance and discharge of each and every condition, obligation, covenant and agreement contained herein, or in said Note, or in any Joan agreement relative to any indebtedness evidenced by said Note or in any document (the Guaranty signed by Herman Gulezyan and Betty Kevork Gulezyan on August 22, 2018 guaranteeing repayment of said Note and any and all related indebtedness shall not be secured by this Deed of Trust) or instrument evidencing, securing or pertaining to the indebtedness evidenced by said Note (''Loan Documents") and all indebtedness, modifications, renewals or extensions of any of the foregoing; (5) payment of such additional sums with interest thereon as may be hereafter borrowed from Beneficiary, its successors or assigns by Borrower or the then record owner or owners of the Trust Estate when evidenced by Cahforma - 2 20 18 «Version» Deed ofTnist ffL L1C(1lSC No 60DB0-57756 2 Station Id :IRCH ORANGE,CA Page 3 of 11 Printed on 10/18/2019 3:28:22 PM Document: TD 2018 .318204 PA2019-225 Branch :NAO,User :T129 Comment: another promissory note or notes, which are by the terms thereof secured by this Deed of Trust; and (6) payment of such additional sums, with interest thereon and any and all modifications, extensions or renewals thereof as may be previously or hereafter borrowed from any entity now or hereafter owned, controlled or managed by Center Street Lending Corporation or Center Street Lending Management, LLC, including, but not limited to: i) Center Street Lending Fund I, LLC. ii) Center Street Lending Fund IV, LLC, iii) Center Street Lending Fund IV SPE. LLC, iv) Center Street Lending V, LLC, v) Center Street Lending MP IV. LLC, vi) Center Street Lending MP Ill SPE, LLC, vii) Center Street Lending Fund X, LLC, and viii) Center Street Loans, Inc. (individually and together with any other entity under common control of Beneficiary "Affiliate Lender" and collectively "Affiliate Lenders"), by Trustor or the then record owner or owners of the Trust Estate when evidenced by another promissory note or notes, which are by the terms thereof secured by this Deed of Trust as identified on the Cross-Collateralization and Cross-Default Agreement signed by Trustor on or around August 22, 2018. ALL THIRD PARTIES SHALL BE ADVISED THAT THE NOTE AMOUNT IDENTIFIED IN (1) ABOVE MAY SUBSTANTIALLY INCREASE DUE TO ADDITIONAL ADVANCES, DEFAULT INTEREST, FEES & CHARGES, CROSS- COLLATERALIZATION & CROSS-DEFAULT WITH OTHER LOANS WITH BENEFICIARY, ITS AFFILIATES OR WITH ANY PERSON WHO SUBSEQUENTLY HOLDS MORE THAN ONE PROMISSORY NOTE BY TRUSTOR WITHOUT FURTHER RECORDING OR NOTICE TO ANY THIRD PARTIES. Trustor shall pay before delinquent all taxes and assessments affecting the subject property or any part thereof, which appear to be prior or superior hereto, all cost, fees and expenses of this trust and all lawful charges, costs and expenses of any reinstatement of this Deed following default. A default under any other Deed securing the above-referenced Note shall constitute a default under this Deed as well. A default under any other Note by Trustor to Beneficiary shall constitute a default under this Deed, as well as any other Deeds by Trustor to Beneficiary. Each of the following shall be considered an Event of Default of this Deed: a. The failure of Trustor to pay any installment of interest and/or principal under the Note or any other amount due under any Loan Document when due and payable whether on maturity, the date stipulated in any Loan Document, by acceleration or otherwise, without any requirements of notice from the Note Holder of such failure to pay under the Note; b. (i) Any Borrower or Guarantor, or any individual who is a principal of Borrower or any Guarantor, or any family member of any such person, occupying the Property as their primary, secondary, or other residence or (ii) the use of any portion of the proceeds of the loan for purposes other than business or commercial purposes; c. The failure of Trustor to make any payment due under any notes of Beneficiary, Affiliate Lenders, or any person who subsequently holds more than one promissory note made by Trustor; d. The failure ofTrustor to comply with or to perform any other term, obligation, covenant or condition in this Deed or in any of the Loan Documents or to comply with or to perform any term, obligation or covenant or condition contained in any other agreement between Trustee and Trustor; e. The sale or attempted sale of the Property by Trustor without the consent of Beneficiary; f. The removal or attempted removal by Trustor of any Real Property and/or Personal Property included in the Trust Estate without the consent of Beneficiary; g. Abandonment of the subject Property by Trustor~ h. The filing. execution or occurrence of i) a petition in bankruptcy by or against Trustor, ii) a petition or answer seeking a reorganization, composition, readjustment, liquidation, dissolution or other relief of the same or different kind under any provision of the Bankruptcy Code, iii) adjunction of Trustor as a bankrupt or insolvent, or insolvency in the bankruptcy equity sense, iv) an assignment by Trustor for the benefit of creditors. whether by trust, mortgage or otherwise, v) a petition or other proceeding by or against Trustor for the appointment of a trustee, receiver, guardian, conservator or liquidator of Trustor with respect to all or substantially all of its property, vi) Trustor's dissolution or liquidation, or the taking of possession of Trustor's property by any governmental authority in connection with dissolution or liquidation. Cahfornia -2 20.18 1<Vcrs1on» Deed of Trust CFL License No 60080·57756 3 Station Id :IRCH ORANGE,CA Page 4 of 11 Printed on 10/18/2019 3 :28:23 PM Document: TD 2018 .318204 PA2019-225 Branch :NAO,User :T129 Comment: i. A determination by Beneficiary that the security of the Deed is inadequate or in danger of being impaired or threatened from any cause whatsoever. j. The occurrence of any event of default under (i) this Deed (ii) the Hazardous Substances Certificate and Indemnity Agreement executed by Trustor for the benefit of Trustee or (iii) any other documents, certifications or agreements Trustor has entered into in connection with the Note or the Loan Documents; k. Failure to obtain from appropriate authorities all inspections, licenses and certificates required to be made or issued with respect to all occupied portions of the Property and, with respect to the use and occupancy of the same, including but not limited to certificates of occupancy and fire underwriting certificates; l. If the Property constitutes a legal nonconforming use, the inability of the nonconforming use to be rebuilt to current density and used and occupied for such nonconforming purposes if damaged or destroyed. If there are deeds of trust or mortgages upon the property or other encumbrances which are prior in time or prior in right to this Deed, then Trustor promises for the benefit of Beneficiary to comply with the terms of those prior deeds of trust, mortgages or encumbrances. If Trustor fai Is to comply with such terms and defaults on those prior deeds of trust, mortgages or obligations, such default shall also be considered a default of this Deed, and Trustee or Beneficiary herein may advance the moneys necessary to remedy such defaults and shall apply the same, including reasonable attorney's fees, upon any indebtedness secured hereby, and in such order as Beneficiary may determine in its sole and absolute discretion. Beneficiary may also proceed on the prior in time or prior in right encumbrance default by exercising the same remedies it has on this Deed. A. To protect the security of this Deed of Trust, Trustor agrees: ( I) To pay, perform, observe and discharge each and every condition, obligation, covenant and agreement for which this Deed of Trust has been given as security as provided above. (2) To keep said Property in good condition and repair, not to remove or demolish any building thereon; to comply in all material respects with all applicable governmental regulations, zoning and building laws; to complete or restore promptly and in good and workmanlike manner any building which may be constructed, damaged or destroyed thereon and to pay when due all claims for labor performed and materials furnished therefore, to comply with all laws affecting said property or requiring any alterations or improvements to be made thereon, not to commit or pennit waste thereof; not to commit, suffer or permit any act upon said Property in violation of law; to cultivate, irrigate, fertilize, fumigate, prune and do all other acts which from the character or use of said Property may be reasonably necessary, the specific enumerations herein not excluding the general. (3) Trustor agrees to provide, maintain and deliver to Beneficiary at Trustor's expense, fire and extended coverage insurance in an amount of not less that the full replacement value of any building which may exist on the subject property, with loss payable to Beneficiary. Trustor shall provide tire insurance protection on Trustor's furniture, fixtures and Personal Property in or on the subject Property in an amount equal to the full replacement value thereof, and promises that any insurance coverage in this regard will contain a waiver of the insurers' right of subrogation against Beneficiary. In addition, Trustor shall, at Trustor's expense, maintain in full force policies of liability insurance and, if applicable, flood insurance, with Beneficiary as an additional insured thereunder on a primary non-contributing basis, insuring Trustor against all claims resulting from the injury to or the death of any person or the damage to or the destruction of any Property belonging to any person by reason of Beneficiary's interest hereunder or the use and occupancy of the subject Property by Trustor. Such insurance shall be in the following amounts: (I) $2,525,000.00 combined single limit liability insurance covering property damage and bodily injury; (2) flood insurance equal to the replacement cost of the subject Real Property, or up to $2,525,000.00, whichever is less, is required if the collateral is located in a flood zone. The amount collected under any fire or other insurance policy may be applied by Beneficiary upon any indebtedness secured hereby and in such order as Beneficiary may determine, or at the option of Beneficiary the entire amount so collected or any part thereof may be released to Trustor. Such application or release shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice. Cahfom,a-2 20 18 <<Version» De~d of Trust CfL License No 60DB0-57756 4 Station Id :IRCH ORANGE,CA Page 5 of 11 Printed on 10/18/2019 3 :28 :23 PM Document: TD 2018 .318204 PA2019-225 Branch :NAO,User :T129 Comment: Trustor shall not do or omit to do any act which will in any way impair or invalidate any insurance policy required by this Deed of Trust. All insurance policies shall contain a written obligation of the insurerto notify Beneficiary in writing at least ten ( I 0) days prior to any cancellation thereof. (4) To appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers of the Beneficiary or Trustee; and to pay all costs and expenses, including cost of evidence of title and attorney's fees in a reasonable sum, in any such action or proceeding in which Beneficiary or Trustee may appear, and in any suit brought by Beneficiary to record, defend or collect any and all amounts due under this Deed and to foreclose this Deed. (5) To pay at least ten days before delinquency all taxes and assessments affecting said Property, including assessments on appurtenant water stock; to immediately pay and remove all encumbrances, charges and liens. with interest, on said Property or any part thereof, which may encumber any of the Trust Estate; and to pay all costs, fees and expenses of this Trust. (6) To pay immediately and without demand all sums so expended by Beneficiary or Trustee, with interest from date of expenditure at the default amount in the Note or as allowed by law in effect at the date hereof, and to pay for any statement provided for by law in effect at the date hereof regarding the obligation secured hereby any amount demanded by the Beneficiary not to exceed the maximum allowed by law at the time when said statement is demanded. (7) Trustor shall hold Trustee and Beneficiary harmless from, and indemnify them for, any and all claims raised by any third party against Trustee or Beneficiary resulting from their interests hereunder or the acts ofTrustor. Such indemnification shall include reasonable attorney's fees and costs, including cost of evidence of title. (8) Trustor shall take reasonable care of the Property and any structures thereon. Trustor shall keep all material licenses, permits and applicable governmental authorizations necessary for its operation of the Property in full force and effect. Trustor shall commit and permit no waste, and do no act which will unduly impair or depreciate the value of the Property. If Trustor fails to take reasonable care as required, then Beneficiary or Trustee, at their option, may make necessary repairs and apply the same, including reasonable attorney's fees, upon any indebtedness secured hereby, and in such order as Beneficiary may detennine in its sole and absolute discretion. Trustor shall not abandon any water rights, power rights or any rights of whatever nature which are appurtenant to the Property. (9) As used in this Section 9: (a) The words "Hazardous Substances" mean materials that, because of their quantity, concentration or physical, chemical or infectious characteristics, may cause or pose a present or potential hazard to human health or the environment when improperly used, treated, stored, disposed of, generated, manufactured, transported or otherwise handled. The words "Hazardous Substances" are used in their very broadest sense and include, without limitation. any and all hazardous or toxic substances, materials or waste as defined by or listed under the Environmental Laws. The term "Hazardous Substances" also includes. without limitation, petroleum and petroleum byproducts or any fraction thereof and asbestos; (b) "Environmental Law" means federal laws and Jaws of jurisdiction where the property is located that relate to health, safety or environmental protection; (c) "Environmental Cleanup" includes any response action, remedial action, or removal action, as defined in Environmental Law; and (d) an "Environmental Condition" means a condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup. Trustor, shall not cause or pennit the presence, use, disposal, storage, or release of any Hazardous Substances, or threaten to release and Hazardous Substances, on or in the property. Trustor shall not do, nor allow anyone else to do, anything affecting the property (a) that is in violation of any Environmental Law, (b) which creates an Environmental Condition, or (c) which, due to the presence, use or release of a Hazardous Substance, creates a condition that adversely affects the value of the property. The preceding two sentences shall not apply to the presence, use, storage on the property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the property. Trustor shall promptly give Beneficiary and Trustee written notice of (a) any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the property and any Hazardous Substance or Environmental Law of which Trustor has actual knowledge, (b) any Environmental Condition, including but not limited to, any spilling, leaking, discharge. release or threat of a Hazardous Substance which adversely affects the value of the C'ahfom1a - 2 20 18 <Ners1onii Deed of Trust CFL License No 60DBO·S7756 S Station Id :IRCH ORANGE,CA Page 6 of 11 Printed on 10/18/2019 3:28:23 PM Document: TD 2018 .318204 PA2019-225 Branch :NAO,User :T129 Comment: property. IfTrustor learns, or is notified by any governmental or regulatory authority, or any private party. that any removal or other remediation of any Hazardous Substance affecting the property is necessary. Trustor shall promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on Beneficiary or Trustee for an Environmental Cleanup. ( I 0) At all convenient and reasonable times. upon prior notice to Trustor, Beneficiary or Trustee shall have the right and license to go on and into the Property to inspect it in order to determine whether the provisions of this Deed are being kept and performed. ( 11) Should Trustor fail to make any payment or to do any act as herein provided, then Beneficiary or Trustee, but without obligation so to do and without notice to or demand upon Trustor and without releasing Trustor from any obligation hereof, may make or do the same in such manner and to such extent as either may be deemed necessary to protect the security hereof. Beneficiary or Trustee being authorized to enter upon said property for such purposes; appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee; pay. purchase, contest or compromise any encumbrance. charge or lien which encumbers any of the Trust Estate; and. in exercising any such powers, pay necessary expenses, employ counsel and pay their reasonable fees. B. It is mutually agreed: ( 1) That any award in connection with any condemnation for public use of or injury to said Property or any part thereof is hereby assigned and shall be paid to Beneficiary. who may apply or release such monies received by him in the same manner and with the same effect as above provided for disposition of proceeds offire or other insurance. (2) That by accepting payment of any sum secured hereby after its due date. Beneficiary does not waive his right either to require prompt payment when due of all other sums so secured or to declare default for failure so to pay. (3) That at any time or from time to time, without liability therefore and without notice. upon written request of Beneficiary and presentation of this Deed and said Note for endorsement, and without affecting the personal liability of any person for payment of the indebtedness secured hereby. Trustee may; reconvey any part of said Property; consent to the making of any map or plat thereof; join in granting any easement thereon, or join in any extension agreement or any agreement subordinating the lien or charge hereof. (4) That upon written request of Beneficiary stating that all sums secured hereby have been paid, and upon surrender of this Deed and said Note to Trustee for cancellation and retention or other disposition as Trustee may choose and upon payment of its fees. Trustee shall reconvey. without warranty, the Property then held hereunder. The recitals in such reconveyance of any matters or facts shall be conclusive proof of the truthfulness thereof. The grantee in such reconveyance may be described as "the person or persons legally entitled thereto". Five years after issuance of such full reconveyance, Trustee may destroy said Note and this Deed (unless directed in such request to retain them). (5) That Trustor absolutely and unconditionally hereby assigns. transfers, conveys and sets over to Beneficiary all the Rents; provided, however, prior to any default by Trustor in the payment, observance, performance and discharge of any condition, obligation. covenant or agreement of Trustor contained herein. Trustor shall have the right as the agent and fiduciary representative of Beneficiary for collection and distribution purposes only, to collect and receive the Rents as they become due and payable to be applied by Trustor to the payment of the principal and interest and all other sums due or payable on said Note and to the payment of all other sums payable under this Deed of Trust and, thereafter, so long as no default as aforesaid has occurred. the balance shall be distributed to the account of Trustor. Upon any such default or any other event of default under the Note or this Deed of Trust, Beneficiary may at any time without notice, either in person. by agent or by a receiver to be appointed by a court, and without regard to the adequacy of any security for the indebtedness hereby secured, enter upon and take possession of the Property or any part thereof, in its own name or in the name of Trustor. sue for or otherwise collect the Rents, including those past due and unpaid and apply the same, less costs and expenses of operation and collection, including reasonable attorneys' fees and expenses, to the payment of the principal and interest and Cahfom,a-2 20.18 «Version» Deed of Trust CFL License No 60080-57756 6 Station Id :IRCH ORANGE,CA Page 7 of 11 Printed on 10/18/2019 3 :28 :23 PM Document: TD 2018 .318204 PA2019-225 Branch :NAO,User :T129 Comment: all other sums due or payable on said Note and to the payment of all other sums payable under this Deed of Trust and in such order as Beneficiary may determine. The entering upon and taking possession of the Property, the collection of the Rents and the application thereof as aforesaid, shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice. All leases and rental agreements now or hereafter affecting the Real Property, including all oil and gas leases and other subsurface leases and the royalties derived therefrom, are hereby assigned and transferred to Beneficiary by the Trustor, and Trustor hereby agrees and covenants that none of said leases or rental agreements will be modified or tenninated without the consent in writing of Beneficiary. Trustor shall provide to Beneficiary an unconditional subordination agreement, in form acceptable to Beneficiary. executed by each tenant under a lease or rental agreement, if any, approved by Beneficiary, for a portion of said Real Property executed after the date hereof. (6) Trustor agrees that it will not (a) execute any further assignment of any of its right, title and interest in the Rents without the prior written consent of Beneficiary; (b) accept prepayments of any installments of Rents to become due under any leases or rental agreements in excess of one (J) month except prepayments in the nature of security which security will not exceed an amount equal to one (I) month's rent under the lease or rental agreement; (c) Trustor will not enter into, extend or modify any lease or rental agreement without the prior written consent of the Beneficiary, which Beneficiary may withhold in its sole and absolute discretion, or (d) accept a surrender of any lease or rental agreement. (7) That upon default by Trustor in payment of any indebtedness secured hereby or in perfonnance of any agreement hereunder, Beneficiary may declare all sums secured hereby immediately due and payable by delivery to Trustee of written declaration of default and demand for sale and of written notice of default and of election to cause to be sold said Property, which notice shall cause to be tiled for record. Beneficiary also shall deposit with Trustee this Deed, said Note and all documents evidencing expenditures secured hereby. After the lapse of such time as may then be required by law following the recordation of said notice of default, and notice of sale having been given as then required by law, Trustee, without demand on Trustor, shall sell said property at the time and place fixed by it in said notice of sale, either as a whole or in separate parcels, and in such order as it may determine, at public auction to the highest bidder for cash in lawful money of the United States, payable at the time of sale. Trustee may postpone sale of all or a portion of said property by public announcement at such time and place of sale, and from time to time thereafter may postpone such sale by public announcement at the time fixed by the preceding postponement. Trustee shall deliver to such purchaser its deed conveying the property so sold, but without any covenant or warranty, express or implied. The recitals in such deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any person. including Trustor. Trustee, or Beneficiary as hereinafter defined, may purchase at such sale. Beneficiary may proceed under the UCC as to all or any part of the Personal Property, and in conjunction therewith may exercise all of the rights, remedies and powers of a secured creditor under the Uniform Commercial Code. When all time periods then legally mandated have expired, and after such notice of sale as may then be legally required has been given, Trustee may sell the Personal Property at a public sale to be held at the time and place specified in the notice of sale. It shall be deemed commercially reasonable for the Trustee to dispose of the Personal Property without giving any warranties as to the Personal Property and specifically disclaiming all disposition warranties. Alternatively, Beneficiary may choose to dispose of some or all of the Trust Estate, in any combination consisting of both Personal Property and Real Property, in one sale to be held in accordance with the law and procedures applicable to Real property, as permitted by the UCC. Trustor agrees that such a sale of Personal Property together with Real , Property constitutes a commercially reasonable sale of the Personal Property. After deducting all costs, fees and expenses of Trustee and of this trust. including costs of evidence of title in connection with sale, Trustee shall apply the proceeds of sale to payment of: all sums expended under the terms hereof, not then repaid, with accrued interest at the amount allowed by law in effect at the date hereof; all other sums then secured hereby; and the remainder. if any, to the person or persons legally entitled thereto. (8) Beneficiary, or any successor in ownership of any indebtedness secured hereby, may from time to time. by instrument in writing. substitute a successor or successors to any Trustee named herein or acting hereunder, which instrument, executed by the Beneficiary and duly acknowledged and recorded in the office of the recorder of the County or Counties where said property is situated, shall Cahfom,a-2 20 18 11Vers1on» Deed of Trust C'FL License No 60080·57756 Station Id :IRCH ORANGE,CA Page 8 of 11 Printed on 10/18/2019 3:28:24 PM Document: TD 2018 .318204 PA2019-225 Branch :NAO,User :T129 Comment: be conclusive proof of proper substitution of such successor Trustee or Trustees, who shall, without conveyance from the Trustee predecessor, succeed to all its title, estate, rights, powers and duties. Said instrument must contain the name of the original Trustor. Trustee and Beneficiary hereunder. the book and page where this Deed is recorded and the name and address of the new Trustee. (9) That this Deed applies to, inures to the benefit of. and binds all parties hereto, their heirs. legatees. devisees, administrators. executors, successors and assigns. The term Beneficiary shall mean the owner and holder. including pledgees of the Note secured hereby whether or not named as Beneficiary herein. In this Deed, whenever the contest so requires, the masculine gender includes the feminine and/or neuter, and the singular number includes the plural. ( I 0) That Trustee accepts this Trust when this Deed, duly executed and acknowledged, is made a public record as provided by law. Trustee is not obligated to notify any party hereto of pending sale under any other Deed of Trust or of any action or proceeding in which Trustor, Beneficiary or Trustee shall be a party unless brought by Trustee. (II) If all. or any part, of the subject property, or any interest therein. is sold, conveyed, alienated, transferred or encumbered (or if a beneficial interest in Trustor is sold, transferred or encumbered and Trustor is not a natural person), whether voluntary or involuntarily, without Beneficiary's prior written consent, which Beneficiary may withhold in its sole and absolute discretion, Beneficiary shall have the right, at its option, except as prohibited by law. to declare any indebtedness or obligations secured hereby, irrespective of the maturity date specified in any Note evidencing the same. immediately due and payable. If Beneficiary exercises this option, Beneficiary shall give Trustor notice of acceleration. The notice shall provide a period of not less than IO days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Deed of Trust. If Trustor fails to pay these sums prior to the expiration of this period, Beneficiary may invoke any remedies permitted by this Deed of Trust without further notice or demand on Trustor. (12) TRUSTOR SPECIFICALLY ACKNOWLEDGES AND AGREES THAT, UPON THE EVENT OF DEFAULT BY TRUSTOR UNDER THE NOTE OR THIS DEED OF TRUST, BENEFICIARY OR NOTEHOLDER MAY AT ANY TIME UTILIZE A PROPERTY MANAGER OR OTHER AGENT TO COLLECT ANY AND ALL RENTS, ISSUES, AND PROFITS ASSIGNED UNDER THIS DEED OF TRUST DIRECTLY FROM TRUSTOR AND/OR ANY ONE OR MORE OF TRUSTOR'S TENANTS. ( 13) Trustor agrees that if there is a lawsuit, upon the request of Beneficiary, Trustor shall submit to the jurisdiction of the state courts located in the County of Orange, State of California, or the applicable federal district court that covers said county. and the lawsuit shall be tried and litigated therein. Trustor waives any right Trustor may have to assert the doctrine of forum non conveniens or to object to such venue. Beneficiary requests that copies of notices of foreclosure from the holder of any lien which has priority over this Deed of Trust be sent to Beneficiary's address, as set forth on page one of this Deed ofTrust, as provided by Section 2924(b) of the California Civil Code. Separate signatures are permissible, and all signatures hereto may be provided by the parties hereto in separate counterparts, each of which, when so executed and delivered, shall be an original, but all such counterparts shall together constitute one and the same instrument. Each counterpart may consist of a number of copies hereof, each signed by less than all, but together signed by all, of the parties hereto. (THE REMAINDER OF THIS PAGE HAS INTENTIONALLY BEEN LEFT BLANK. SIGNATURES ARE ON THE FOLLOWING PAGE) Cahforma - 2 20 18 ,cVerston» Deed of Trust C'FL License No. 60DB0•57756 8 Station Id :IRCH ORANGE,CA Page 9 of 11 Printed on 10/18/2019 3 :28:24 PM Document: TD 2018 .318204 PA2019-225 Branch :NAO,User :T129 Comment: The undersigned Trustor requests that copies of any Notice of Default and Notice of Sale be mailed to him at his address hereinbefore set forth. Dated: August 22, 2018 LLC By: Herman Gulezyan and Betty K. he Hermand and Betty Gulezyan Family Trust, mber --~----Date:Bbt/1~ Name: Her G ezyan. Manager/Trustee ~ 3001 Redhill Avenue #4-210,Costa Kesa,ca.92626 Mailing Address: /3/Jll l#J~U+/Jl~I Mt/J,.J<I/.PJ.f,1(f Physical Address: 11'}1/fl.f/Jllfl.lr,1'!/f,f#,t/JNINfN'PNI 3001 Redhill Avenue #4-210,Costa Kesa, ca. 92626 ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached and not the truthfulness accurac , or validi of that document. STATE OF CALIFORNIA ) ) COUNTY OF __..O __ ~ ..... {}.., ..... YJ .... 1 __ t-____ _,) ss. On Au~ lA ~ -r 2 Lf , 20 Jt, before me, A\\ SO V'"\ \ h:t} tl 1 O ~ , Notary Public, personally appeared Herman Gulezyan , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/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. I certify under PENAL TY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. In and For Said County and State MAIL TAX STATEMENTS AS DIRECTED ABOVE Cahfornta -2 20 18 «Version» Deed of Trust CFL License No 60DB0-57756 9 Station Id :IRCH ORANGE,CA Page 10 of 11 Printed on 10/18/2019 3 :28:24 PM Document: TD 2018 .318204 PA2019-225 Branch :NAO,User :Tl29 Comment: EXHIBIT "A" LEGAL DESCRIPnON Real property in the City of NEWPORT BEACH, County of Orange, State of callfornia, described as follows: LOT 4 OF BLOCK 540 OF CORONA DEL MAR TRACT, AS PER MAP RECORDED IN BOOK 3, PAGE 42 OF MISCELLANEOUS MAPS, IN THE OFFICE OF THE COUNlY RECORDER OF SAID COUNlY. APN: 459-206-02 Station Id :IRCH ORANGE,CA Page 11 of 11 Printed on 10/18/2019 3:28:24 PM Document: TD 2018 .318204 PA2019-225 Branch :NAO,User :Tl29 Comment: Station Id :IRCH ·-·-• --.~1-sr,l'l-,~~--------------......... ------------------ ORANGE,CA RECORDING REQUESTED BY: Center Street Lending V SPE, LLC 18301VonKannanAve., Ste., 330 Irvine, Ca 92612 AND WHEN RECORDED RETURN TO: Center Street Lending V SPE, LLC c/o Elizabeth Candelas 18301 Von Kannan Ave., Ste., 330 Irvine, Ca 92612 Loan Number: 54 731 APN: 459-206-02 Recorded in Official Records, Orange County Hugh Nguyen, Clerk-Recorder 11111111 lllill Ill 1111111111 lllli 111111111111111111111111111111 llll I I Ill llll 93. 00 •SR0011018728S* 2019000280571 10:42 am 08/01/19 7 414A32 4 0.00 0.00 0.00 0.00 9.00 0.00 0.000.0076.00 3.00 [Space above line for Recorder's Use Only] ASSIGNMENT OF BENEFICIAL INTEREST UNDER DEED OF TRUST BY THIS ASSIGNMENT OF BENEFICIAL INTEREST UNDER DEED OF TRUST (this "Assignment") dated to be effective as of July 23, 2019, Center Street Lending Fund IV SPE, LLC, a Delaware Limited Liability Company ("Assignor"), for good and valuable consideration, the receipt of which is hereby acknowledged, does by these presents grant, bargain, sell, assign, transfer and set over unto Center Street Lending V SPE, LLC, a Delaware Limited Liability Company ("Assignee"), all of Assignor's right, title and interest as Beneficiary under that certain Deed of Trust dated August 22, 2018 executed by Marigold Partners LLC, a California Limited Liability Company, as Trustor, to First American Title Company, as Trustee, for the benefit of Center Street Lending Fund IV SPE, LLC, a Delaware Limited Liability Company ("Original Lender"), as Beneficiary, and recorded in the Official Records of Orange County, State of California on August 29, 2018 as Instrument No. 2018000318204 (the "Deed of Trust"). TOGETHER WITH the obligation therein described, all monies due and to becomes due there under, and all interest thereon, and all rights arising therefrom. See t~h; bi+-Pr [This Space Intentionally Left Blank; Signatures Begin On The Next Page] Page 1 of 4 Printed on 10/18/2019 3:28:24 PM Document: AS 2019.280571 1 PA2019-225 Branch :NAO,User :Tl29 Comment: IN WITNESS WHEREOF, these presents are executed as of the date first set forth above. ASSIGNOR: Center Street Lending Fund IV SPE, LLC, a Delaware Limited Liability Company ~~~e: fi!i!.tf Its: Assistant Manager ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA COUNTY OF ORANGE ) ) ss. ) On , 20_ be re me, ,Notary Public, personally appeared Michael Marshall ho proved to me on the basis of satisfactory evidence to be the person whose name is subsc · ed to the within instrument and acknowledged to me that he executed the same in his authori capacity, and that by his signature on the instrument the person, or the entity upon behalf of w ch the person acted, executed the instrument. I certify under PENAL T OF PERJURY under the laws of the State of California that the foregoing paragraph i rue and correct. , _______ (Seal) Station Id :IRCH ORANGE,CA Page 2 of 4 Printed on 10/18/2019 3:28:25 PM Document: AS 2019.280571 PA2019-225 Branch :NAO,User :T129 Comment: Station Id :IRCH ··--···"·----·~----------------------------------------- ORANGE,CA ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of Orange on __ J_u_lY_2_5_,_2_0_1_9 ___ before me, Elizabeth Patricia Candelas, Notary Public (insert name and title of the officer) Michael Marshall personally appeared , who proved to me on the basis of satisfactory evidence to be the person whose name( 1 are ~cribed to the within instrument and acknowle-d to me that ~he/they executed t e same in ~er/their authorized capacity(i~). and that by~her/their signature(>t) on the instrument the person((', or the entity upon be~lf of which the perso~ acted, execd1ed the instrument. I certify under PENAL TY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. i············f ELIZABETH PATRICIA CANDELAS ~ • Notary Public • California z i • Orange County ii • . Commission# 2241443 - WITNESS my hand and official seal. Signature~ • •' My Comm. Expires May 6, 2022 (Seal) Page 3 of 4 Printed on 10/18/2019 3:28:25 PM Document: AS 2019.280571 PA2019-225 Branch :NAO,User :T129 Comment: EXHIBIT "A" .. LEGAL DESCRIPTION Real property In the City of NEWPORT BEACH, County of Orange, State of callfornla, described as follows:' . . LOT 4 OF BLOCK 540 OF CORONA DEL MAR TRACT, AS PER MAP RECORDED IN BOOK 3, PAGE 42 OF MISCELLANEOUS MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUN"TY. APN: 459-206~02 Station Id :IRCH ORANGE,CA Page 4 of 4 Printed on 10/18/2019 3:28:25 PM Document: AS 2019.280571 PA2019-225 Branch :NAO,User :T129 Comment: Station Id :IRCH ORANGE,CA RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO Center Street Lending V SPE, LLC, a Delaware limited liability company 18301 Von Karman Avenue, Suite 330 Irvine, CA 92612 Loan Number: 56293 SPACE ABOVE THIS LINE Recorded in Official Records, Orange County Hugh Nguyen, Clerk-Recorder I IIIII I I IIIIII Ill lllll lllll lllll lllll lllll lllll lllll lllll lllll llll I I l/11111294. 00 * $ R O O 1 1 1 1 4 4 8 1 $ * 2019000342788 3:08 pm 09/10/19 47 422 D11 S02 A36 A34 12 0.00 0.00 0.00 0.00 33.00 0.00 0.000.00225.00 12.00 FOR RECORDER'S USE APN: 459-206-02 Order#: 92002-1654078-19 Escrow#: 56779-RB DEED OF TRUST, SECURITY AGREEMENT AND FIXTURE FILING (WITH ASSIGNMENT OF RENTS AND LEASES) This Deed of Trust, Security Agreement and Fixture Filing (with Assignment of Rents and Leases) ("Deed of Trust" or "Deed") is made September 6, 2019, between Marigold Partners LLC, a California Limited Liability Company, herein called Trustor (or "Borrower"), whose address is 3001 Redhill, Bldg 4, Costa Mesa, CA 92626, and Center Street Lending V SPE, LLC, a Delaware limited liability company, herein called Beneficiary, whose address is 18301 Von Karman Avenue, Suite 330, Irvine, CA 92612 and Notih American Title Company, herein called Trustee, WITNESSETH: THAT TRUSTOR IRREVOCABLY GRANTS, TRANSFERS AND ASSIGNS TO TRUSTEE IN TRUST, WITH POWER OF SALE, TOGETHER WITH RIGHT OF ENTRY AND POSSESSION, the following property (the "Trust Estate"): (a) all that ce1iain real property now or hereafter acquired, in City of (Corona Del Mar Area) Newport Beach, County of Orange, State of California (the "Land"), more patiicularly described as follows: COMPLETE LEGAL DESCRIPTION IS ATTACHED HERETO AND MADE A PART HEREOF AS PER ATTACHED EXHIBIT 11 A11 APN: 459-206-02 Street Address: 502 Marigold Avenue, (Corona Del Mar Area) Newport Beach, CA 92625 (b) all buildings, structures and other improvements now or in the future located or to be constructed on the Land (the "Improvements"); Califomia-2.0.18 Deed ofTrust CPL License No. 60DB0--57756 Page 1 of 12 2019-08-30 02:58pm l Printed on 10/18/2019 3:28:25 PM Document: TD 2019.342788 PA2019-225 Branch :NAO,User :T129 Comment: (c) all tenements, hereditaments, appurtenances, privileges, franchises and other rights and interests now or in the future benefitting or otherwise relating to the Land or the Improvements, including easements, rights- of-way, development rights, mineral rights, water and water rights, pumps and pumping plants and all shares of stock evidencing the same _(the "Appurtenances," and together with the Land and the Improvements, the "Real Property"); ( d) subject to the assignment to Beneficiary set forth below, all rents, issues, income, revenues, royalties and profits now or in the future payable with respect to or otherwise derived from the Trust Estate or the ownership, use, management, operation, leasing or occupancy of the Trust Estate, including those past due and unpaid (the "Rents"); ( e) all present and future right, title and interest of Truster in and to all inventory, equipment, fixtures and other goods (as those terms are defined in Division 9 of the California Uniform Commercial Code (the "UCC"), and w_hether existing now or in the future) now or in the future located at, upon or about, or affixed or attached to or installed in, the Real Property, or used or to be used in connection with or otherwise relating to the Real Property or the ownership, use, development, construction, maintenance, management, operation, marketing, leasing or occupancy of the Real Property, including furniture, furnishings, machinery, appliances, building materials and supplies, generators, boilers, furnaces, water tanks, heating, ventilating and air conditioning equipment and all other types of tangible personal prope1ty of any kind or nature, and all accessories, additions, attachments, parts, proceeds, products, repairs, replacements and substitutions of or to any of such property (the "Goods," and together with the Real Property, the "Property"); and (:t) all present and future right, title and interest of Trustor in and to all accounts, general intangibles, chattel paper, deposit accounts, money, instruments and documents (as those terms are defined in the UCC) and all other agreements, obligations, rights and written materials (in each case whether existing now or in the future) relating to or otherwise arising in connection with or derived from the Property or any other part of the Trust Estate or the ownership, use, development, construction, maintenance, management, operation, marketing, leasing, occupancy, sale or financing of the Property or any other part of the Trust Estate, including (to the extent applicable to the Prope1ty or any other portion of the Trust Estate) (i) permits, approvals and other governmental authorizations, (ii) improvement plans and specifications and architectural drawings, (iii) agreements with contractors, subcontrnctors, suppliers, project managers, supervisors, designers, architects, engineers, sales agents, leasing agents, consultants and property managers, (iv) takeout; refinancing and permanent loan commitments, (v) warranties, guaranties, indemnities and insurance policies (whether or not required to be carried by Truster pursuant to the tenns hereof), together with insurance payments and unearned insurance premiums, (vi) claims, demands, awards, settlements and otl1er payments arising or resulting from or otherwise relating to any insurance (whether or not Beneficiary is named as a loss payee of such insurance) or any loss or destruction of, injury or damage to, trespass on or taking, condemnation (or conveyance in lieu of condemnation) or public use of any of the Prope1ty, (vii) license agreements, service and maintenance agreements, purchase and sale agreements and purchase· options, together with advance payments, security deposits and other amounts paid to or deposited with Truster under any such agreements, (viii) reserves, deposits, bonds, deferred payments, refunds, rebates, discounts, cost savings, escrow proceeds, sale proceeds and other rights to the payment of money, trade names, trademarks, goodwill and all othe1· types of intangible personal prope1ty of any kind or nature, and (ix) all supplements, modifications, amendments, renewals, extensions, proceeds, replacements and substitutions of or to any of such prope1ty (the "Intangibles"). Trustor further grants to Trustee and Beneficiary, pursuant to the UCC, a security interest in all present and future right, title and interest of Trustor in and to all Goods and Intangibles and all of the Trust Estates described above in which a security interest may be created under the UCC (collectively, the "Personal Property"). This Deed of Trust constitutes a security agreement under the UCC, conveying a security interest in the Personal Property to Trustee and Beneficiary. Trustee and Beneficiary shall have, in addition to all rights and remedies provided herein, all the rights and remedies of a "secured party" under the UCC and other applicable California law. Trustor covenants and agrees · that this Deed of Trust constitutes a fixture filing under Section 9313 and 9402(6) of the UCC. For the purpose of securing in such order of priority as Beneficiary may elect, (1) payment of an indebtedness in the sum of TWO 1v:flLLION FIVE HUNDRED FORTY ONE THOUSAND SIX HUNDRED EIGHTY DOLLARS AND ZERO CENTS ($2,541,680.00) evidenced by that certain Promissory Note (11 Note11 ) of even date herewith executed by Trustor to the order of Beneficiary and any and all modifications, extensions or renewals thereo~ whether hereafter evidenced by said Note or otherwise; (2) payment of interest on said indebtedness according to the terms of said Note; (3) payment of all other sums, with interest as herein provided, becoming due or payable under the provisions hereof Califomia-2.0.18 Deed of Trust CFL License No. 60DB0--57756 2019-08-30 02:58pm 2 Station Id :IRCH ORANGE,CA Page 2 of 12 Printed on 10/18/2019 3 :28:26 PM Document: TD 2019.342788 PA2019-225 Branch :NAO,User :T129 Comment: to Trustee or Beneficiary; (4) due, prompt and complete observance, performance and discharge of each and every condition, obligation, coven!:lnt and agreement contained herein, or in said Note, or in any loan agreement relative to any indebtedness evidenced by said Note or in any document (the Guaranty signed by Hennan Gulezyan AND Betty Kevork Gulezyan on September 6, 2019 guaranteeing repayment of said Note and any and all related indebtedness shall not be secured by this. Deed of Trust) or instrument evidencing, securing or pertaining to the indebtedness evidenced by said Note ("Loan Documents") and all indebtedness, modifications, renewals or extensions of any of the foregoing; (5) payment of such additional sums with interest thereon as may be hereafter borrowed from Beneficiary, its successors or assigns by Borrower or the then record owner or owners of the Trust Estate when evidenced by another promissory note or notes, which are by the terms thereof secured by this Deed of Trust; and (6) payment of such additional sums, with interest thereon and any and all modifications, extensions or renewals thereof as may be previously or hereafter borrowed from any entity now or hereafter owned, controlled or managed by Center Street Lending Corporation or Center Street Lending Management, LLC, including, but not limited to: i) Center Street Lending Fund I, LLC, ii) Center Street Lending Fund N, LLC, iii) Center Street Lending Fund IV SPE, LLC, iv) Center Street Lending V, LLC, v) Center Street Lending MP IV, LLC, vi) Center Street Lending MP III SPE, LLC, vii) Center Street Lending Fund X, LLC, and viii) Center Street Loans, Inc. (individually and together with any other entity under common control of Beneficiary "Affiliate Lender" and collectively "Affiliate Lenders"), by Trustor or the then record owner or owners of the Trust Estate when evidenced by another promissory note or notes, which are by the terms thereof secured by this Deed of Trust as identified on the Cross-Collateralization and Cross-Default Agreement signed by Trustor on or around September 6, 2019. ALL THIRD PARTIES SHALL BE ADVISED THAT THE NOTE AMOUNT IDENTIFIED IN (1) ABOVE MAY SUBSTANTIALLY INCREASE DUE TO ADDITIONAL ADVANCES, DEFAULT INTEREST, FEES & CHARGES, CROSS- COLLATERALIZATION & CROSS-DEFAULT WITH OTHER LOANS WITH BENEFICIARY, ITS AFFILIATES OR WITH ANY PERSON WHO SUBSEQUENTLY HOLDS MORE THAN ONE PROMISSORY NOTE BY TRUSTOR WITHOUT FURTHER RECORDING OR NOTICE TO ANY THIRD PARTIES. Trustor shall pay before delinquent all taxes and assessments affecting the subject property or any part thereof, which appear to be prior or superior hereto, all cost, fees and expenses of this trust and all lawful charges, costs and expenses of any reinstatement of this Deed following default. A default under any other Deed securing the above-referenced Note shall constitute a default under this Deed as well. A default under any other Note by Trustor to Beneficiary shall constitute a default under this Deed, as well as any other Deeds by Trustor to Beneficiary. Each of the following shall be considered an Event of Default of this Deed: a. The failure of Trustor to pay any installment of interest and/or principal under the Note or any other amount due under any Loan Document when due and payable whether on maturity, the date stipulated in any Loan Document, by acceleration or otherwise, without any requirements of notice from the Note Holder of such failure to pay under the Note; b. (i) Any Borrower or Guarantor, or any individual who is a principal of Bon-ower or any Guarantor, or any family member of any such person, occupying the Property as their primary, secondary, or other residence or (ii) the use of any portion of the proceeds of the loan for purposes other than business or commercial purposes; c. The failure of Trustor to make any payment due under any notes of Beneficiary, Affiliate Lenders, or any person who subsequently holds more than one promissory note made by Trustor; d. The failure of Trustor to comply with or to perfo11n any other term, obligation, covenant or condition in this Deed or in any of the Loan Documents or to comply with or to perfom1 any term, obligation or covenant or condition contained in any other agreement between Trustee and Trustor; e. The sale or attempted sale of the Property by Trustor without the consent of Beneficiary; f. The removal or attempted removal by Trustor of any Real Property and/or Personal Property included in the Trust Estate without the consent of Beneficiary; g. Abandonment of the subject Property by Trustor; Califomia-2.0.18 Deed ofTrust CFL License No. 60DB0--57756 2019-08-30 02:S&pm 3 Station Id :IRCH ORANGE,CA Page 3 of 12 Printed on 10/18/2019 3 :28:26 PM Document: TD 2019.342788 PA2019-225 Branch :NAO,User :T129 Comment: h. The filing, execution or occurrence of i) a petition in bankruptcy by or against Trustor, ii) a petition or answer seeking a reorganization, composition, readjustment, liquidation, dissolution or other relief of the same or different kind under any provision of the Bankruptcy Code, iii) ad junction of Truster as a bankrupt or insolvent, or insolvency in the bankruptcy equity sense, iv) an assignment by Truster for the benefit of creditors, whether by trust, mortgage or otherwise, v) a petition or other proceeding by or against Trustor for the appointment of a trustee, receiver, guardian, conservator or liquidator ofTrustor with respect to all or substantially all of its property, vi) Trustor's dissolution or liquidation, or the taking of possession of Trustor's property by any governmental authority in connection with dissolution or liquidation. i. A determination by Beneficiary that the security of the Deed is inadequate or in danger of being impaired or threatened from any cause whatsoever. j .. The occurrence of any event of default under (i) this Deed (ii) the Hazardous Substances Ce1tificate and Indemnity Agreement executed by Trustor for the benefit of Trustee or (iii) any other documents, ce1iifications or agreements Tmstor has entered into in connection with the Note or the Loan Documents; k. Failure to obtain from appropriate authorities all inspections, licenses and certificates required to be made or issued with respect to all occupied po1iions of the Property and, with respect to the use and occupancy of the same, including but not limited to certificates of occupancy and fire underwriting certificates; 1. If the Property constitutes a legal nonconforming use, the inability of the nonconforming use to be rebuilt to cw·rent density and used and occupied for such nonconfonning purposes if damaged or destroyed. If there are deeds of trust or mortgages upon the property or other encumbrances which are prior in time or prior in right to this Deed, then Trustor promises for the benefit of Beneficiary to comply with the terms of those prior deeds of trust, mortgages or encumbrances. IfTrustor fails to comply with such terms and defaults on those prior deeds of trust, mortgages or obligations, such default shall also be considered a default of this Deed, and Trustee or Beneficiary herein may advance the moneys necessary to remedy such defaults and shall apply the same, including reasonable attorney's fees, upon any indebtedness secured hereby, and in such order as Beneficiary may determine in its sole and absolute discretion. Beneficiary may also proceed on the prior in time or prior in right encumbrance default by exercising the same remedies it has on this Deed. A. To protect the·security of this Deed of Trust, Truster agrees: (1) To pay, perform, observe and discharge each and every condition, obligation, covenant and agreement for which this Deed of Trust 4as been given as security as provided above. (2) To keep said Property in good condition and repair, not to remove or demolish any building thereon; to comply in all material respects with all applicable governmental regulations, zoning and building laws; to complete or restore promptly and in good and workmanlike manner any building which may be constructed, damaged or destroyed thereon and to pay when due all claims for labor performed and materials furnished therefore, to comply with all laws affecting said property or requiring any alterations or improvements to be made thereon, not to commit or permit waste thereof; not to commit, suffer or permit any act upon said Property in violation of law; to cultivate, irrigate, fertilize, fumigate, prune and do all other acts which from the character or use of said Property may be reasonably necessary, the specific enumerations herein not excluding the general. (3) Truster agrees to provide, maintain and deliver to Beneficiary at Truster's expense, fire and extended coverage insurance in an amount of not less that the full replacement value of any building which may exist on the subject property, with loss payable to Beneficiary. Trustor shall provide fire insurance protection on Trustor's furniture, fixtures and Personal Property in or on the subject Prope1ty in an amount equal to the full replacement value thereof, and promises that any insurance coverage in this regard will contain a waiver of the insurers' right of subrogation against Beneficiary. In addition, Trustor shall, at Trustor's expense, maintain in full force policies of liability insurance and, if applicable, flood insurance, with Beneficiary as an additional insured thereunder on a primary non-contributing basis, insuring Truster against all claims resulting from the injury to or the death California-2.0.18 Deed ofTrust CFL License No. 60DB0--57756 2019-08-30 02:58pm 4 Station Id :IRCH ORANGE,CA Page 4 of 12 Printed on 10/18/2019 3 :28:26 PM Document: TD 2019.342788 PA2019-225 Branch :NAO,User :Tl29 Comment: of any person or the damage to or the destruction of any Property belonging to any person by reason of Beneficiary's interest hereunder or the use and occupancy of the subject Property by Trustor. Such insurance shall be in the following amounts: (1) $2,541,680.00 combined single limit liability insurance covering property damage and bodily injury; (2) flood insurance equal to the replacement cost of the subject Real Property, or up to $2,541,680.00, whichever is less, is required if the collateral is located in a flood zone. The amount collected under any fire or other insurance policy may be applied by Beneficiary upon any indebtedness secured hereby and in such order as Beneficiary may determine, or at the option of Beneficiary the entire amount so collected or any part thereof may be released to Trustor. Such application or release shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice. Trustor shall not do or omit to do any act which will in any way impair or invalidate any insurance policy required by this Deed of Trust. All insurance policies shall contain a written obligation of the insurer to notify Beneficiary in writing at least ten (10) days prior to any cancellation thereof. ( 4) To appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers of the Beneficiary or Trustee; and to pay all costs and expenses, including cost of evidence of title and attorney's fees in a reasonable sum, in any such action or proceeding in which Beneficiary or Trustee may appear, and in any suit brought by Beneficiary to record, defend or collect any and all amounts due under this Deed and to foreclose this Deed. (5) To pay at least ten days before delinquency all taxes and assessments affecting said Property, including assessments on appurtenant water stock; to immediately pay and remove all encumbrances, charges and liens, with interest, on said Property or any part thereof, which may encumber any of the Trust ;Estate; and to pay all costs, fees and expenses of this Trust. (6) To pay immediately and without demand all sums so expended by Beneficiary or Trustee, with interest from date of expenditure at the default amount in the Note or as allowed by law in effect at the date hereof, and to pay for any statement provided for by law in effect at the date hereofregarding the obligation secured hereby any amount demanded by the Beneficiary not to exceed the maximum allowed by law at the time when said statement is demanded. (7) Trustor shall hold Trustee and Beneficiary harmless from, and indemnify them for, any and all claims raised by any third party against Trustee or Beneficiary resulting from their interests hereunder or the acts of Trustor. Such indemnification shall include reasonable attorney's fees and costs, including cost of evidence of title. (8) Trustor shall take reasonable care of the Property and any structures thereon. Trustor shall keep all material licenses, permits and applicable governmental authorizations necessary for its operation of the Property in full force and effect. tr'rustor shall commit and permit no waste and do no act which will unduly impair or depreciate the value of the Property. If Trustor fails to take reasonable care as required, then Beneficiary or Trustee, at their option, may make necessary repairs and apply the same, including reasonable attorney's fees, upon any indebtedness secured hereby, and in such order as Beneficiary may determine in its sole and absolute discretion. Trustor shall not abandon any water rights, power rights or any rights of whatever nature which are appurtenant to the Property. (9) As used in this Section 9: (a) The words "Hnzardous Substances" mean materials that, because of their quantity, concentration or physical, chemical or infectious characteristics, may cause or pose a present or potential hazard to human health or the environment when improperly used, treated, stored, disposed of, generated, manufactured, transported or otherwise handled. The words "Hazardous Substances" are used in their very broadest sense and include, without limitation, any and all hazardous or toxic substances, materials or waste as defined by or listed under the Environmental Laws. The term "Hazardous Substances" also includes, without limitation, petroleum and petroleum byproducts or any fraction thereof and asbestos; (b) "Environmental Law" means federal laws and laws of jurisdiction where the property is located that relate to health, safety or environmental protection; (c) "Environmental Cleanup" includes any response action, California-2.0.18 Deed ofTrust CFL License No. 60DB0--57756 2019-08-30 02:58pm 5 Station Id :IRCH ORANGE,CA Page 5 of 12 Printed on 10/18/2019 3:28:26 PM Document: TD 2019.342788 PA2019-225 Branch :NAO,User :T129 Comment: remedial action, or removal action, as defined in Environmental Law; and ( d) an "Environmental Condition" means a condition that can cause, contl'ibute to, or otherwise trigger an Environmental Cleanup. Trustor shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances, or threaten to release and Hazardous Substances, on or in the property. Trustor shall not do, nor allow anyone else to do, anything affecting the property (a) that is in violation of any Environmental Law, (b) which creates an Environmental Condition, or ( c) which, due to the presence, use or release of a Hazardous Substance, creates a condition that adversely affects the value of the property. The preceding two sentences shall not apply to the presence, use, storage on the property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the property. Tmstor shall promptly give Beneficiary and Trustee written notice of (a) any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the property and any Hazardous Substance or Environmental Law of which Trustor has actual knowledge, (b) any Environmental Condition, including but not limited to, any spilling," leaking, discharge, release or threat of a Hazardous Substance which adversely affects the value of the property. IfTrustor learns, or is notified by any governmental or regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance affecting the property is necessary, Truster shall promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on Beneficiary or Trustee for an Environm~ntal Cleanup. (10) At all convenient and reasonable times, upon prior notice to Truster, Beneficiary or Trustee shall have the right and license to go on and into the Property to inspect it in order to determine whether the provisions of this Deed are being kept and performed. (11) Should Trustor fail to make any payment or to do any act as herein provided, then Beneficiary or Trustee, but without obligation so to do and without notice to or demand upon Truster and without releasing Truster from any obligation hereof, may make or do the same in such manner and to such extent as either may be deemed necessary to protect the security hereof, Beneficiary or Trustee being authorized to enter upon said property for such purposes; appear in and defend any action or proceeding purpo11ing to affect the security hereof or the rights or powers of Beneficiary or Trustee; pay, purchase, contest or compromise any encumbrance, charge or lien which encumbers any of the Trust Estate; and, in exercising any such powers, pay necessary expenses, employ counsel and pay their reasonable fees. B. It is mutually agreed: (1) . That any award in connection with any condemnation for public use of or injury to said Property or any part thereof is hereby assigned and shall be paid to Beneficiary, who may apply or release such monies received by him in the same manner and with the same effect as above provided for disposition of proceeds of fire or other insurance. (2) That by accepting payment of any sum secured hereby after its due date, Beneficiary does not waive his right either to require prompt payment when due of all other sums so secured or to declare default for failure so to pay. (3) That at any time or from time to time, without liability therefore and without notice, upon written request of Beneficiary and presentation of this Deed and said Note for endorsement, and without affecting the personal liability of any person for payment of the indebtedness secured hereby, Trustee may; reconvey any pati of said Prope1ty; consent to the maldng of any map or plat thereof; join in granting any easement thereon, or join in any extension agreement or any agreement subordinating the lien or charge hereof. (4) That upon written request of Beneficiary stating that all sums secured hereby have been paid, and upon surrender of this Deed and said Note to Trustee for cancellation and retention or other disposition as Trustee may choose and upon payment of its fees, Trustee shall reconvey, without warranty, the Property then held hereunder. The recitals in such reconveyance of any matters or facts shall be conclusive proof of the truthfulness thereof. The grantee in such reconveyance may be described as "the person or persons legally entitled thereto". Five years after issuance of such Califomia-2.0.18 Deed ofTrust CFL License No. 60DB0--57756 2019-08-30 02:58pm 6 Station Id :IRCH ORANGE,CA Page 6 of 12 Printed on 10/18/2019 3 :28:27 PM Document: TD 2019.342788 PA2019-225 Branch :NAO,User :T129 Comment: full reconveyance, Trustee may destroy said Note and this Deed (unless directed in such request to retain them). (5) That Truster absolutely and unconditionally hereby assigns, transfers, conveys and sets over to Beneficiary all the Rents; provided, however, prior to any default by Truster in the payment, observance, performance and discharge of any condition, obligation, covenant or agreement of Truster contained herein, Truster shall have the right as the agent and fiduciary representative of Beneficiary for collection and distribution purposes only, to collect and receive the Rents as they become due and payable to be applied by Trustor to the payment of the principal and interest and all other sums due or payable on said Note and to the payment of all other sums payable under this Deed of Trust and, thereafter, so long as no default as aforesaid has occun-ed, the balance shall be distributed to the account ofTrustor. Upon any such default or any other event of default under the Note or this Deed of Trust, Beneficiary may at any time without notice, either in person, by agent or by a receiver to be appointed by a court, and without regard to the adequacy of any security for the indebtedness hereby secured, enter upon and take possession of the Property or any part thereof, in its own name or in the name of Truster, sue for or otherwise collect the Rents, including those past due and unpaid and apply the same, less costs and expenses of operation and collection, including reasonable attorneys' fees and expenses, to the payment of the principal and interest and all other sums due or payaqle on said Note and to the payment of all other sums payable under this Deed of Trust and in such order as Beneficiary may determine. The entering upon and taking possession of the Property, the collection of the Rents and the application thereof as aforesaid, shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice. All leases and rental agreements now or hereafter affecting the Real Property, including all oil and gas leases and other subsurface leases and the royalties derived therefrom, are hereby assigned and transferred to Beneficiary by the Truster, and Trustor hereby agrees and covenants that none of said leases or rental agreements will be modified or terminated without the consent in writing of Beneficiary. Trustor shall provide to Beneficiary an unconditional subordination agreement, in form acceptable to Beneficiary, executed by each tenant under a lease or rental agreement, if any, approved by Beneficiary, for a portion of said Real Property executed after the date hereof. (6) Trustor agrees that it will not (a) execute any further assignment of any of its right, title and interest in the Rents without the prior written consent of Beneficiary; (b) accept prepayments of any installments of Rents to become due under any leases or rental agreements in excess of one (1) month except prepayments in the nature of security which security will not exceed an amount equal to one (1) month's rent under the lease or rental agreement; (c) Trustor will not enter into, extend or modify any lease or rental agreement without the prior written consent of the Beneficiary, which Beneficiary may withhold in its sole and absolute discretion, or ( d) accept a surrender of any lease or rental agreement. (7) That upon default by Trustor in payment of any indebtedness secured hereby or in performance of any agreement hereunder, Beneficiary may declare all sums secured hereby immediately due and payable by delivery to Trustee of written declaration of default and demand for sale and of written notice of default and of election to cause to be sold said Property, which notice shall cause to be filed for record. Beneficiary also shall deposit with Trustee this Deed, said Note and all documents evidencing expenditures secured hereby. After the lapse of such time as may then be required by law following the recordation of said notice of default, and notice of sale having been given as then required by law, Trustee, without demand on Trustor, shall sell said property at the time and place fixed by it in said notice of sale, either as a whole or in separate parcels, and in such order as it may determine, at public auction to the highest bidder for cash in lawful money of the United States, payable at the time of sale. Tmstee may postpone sale of all or a po1tion of said prope1ty by public announcement at such time and place of sale, and from time to time thereafter may postpone such sale by public announcement at the time fixed by the preceding postponement. Trustee shall deliver to such purchaser its deed conveying the property so sold, but without any covenant or wa1rnnty, express or implied. The recitals in such deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any person, including Trustor, Trustee, or Beneficiary as hereinafter defined, may purchase at such sale. Beneficiary may proceed under the UCC as to all or any part of the Califomia-2.0.18 Deed ofTrust CFL License No. 60DB0--57756 2019-08-30 02:58pm 7 Station Id :IRCH ORANGE,CA Page 7 of 12 Printed on 10/18/2019 3:28:27 PM Document: TD 2019.342788 PA2019-225 Branch :NAO,User :T129 (8) (9) (10) (11) (12) (13) Comment: Personal Property, and in conjunction therewith may exercise all of the rights, remedies and powers of a secured creditor under the Uniform Commercial Code. When all time periods then legally mandated have expired, and after such notice of sale as may then be legally required has been given, Trustee may sell the Personal Property at a public sale to be held at the time and place specified in the notice of sale. It shall be deemed commercially reasonable for the Trustee to dispose of the Personal Property without giving any warranties as to the Personal Property and specifically disclaiming all disposition warranties. Alternatively, Beneficiary may choose to dispose of some or all of the Trust Estate, in any combination consisting of both Personal Property and Real Property, in one sale to be held in accordance with the law and procedures applicable to Real property, as permitted by the UCC. Truster agrees that such a sale of Personal Property together with Real Property constitutes a commercially reasonable sale of the Personal Property. After deducting all costs, fees and expenses of Trustee and of this trust, including costs of evidence of title in connection with sale, Trustee shall apply the proceeds of sale to payment of: all sums expended under the terms hereof, not then repaid, with accrued interest at the amount allowed by law in effect at the date hereof; all other sums then secured hereby; and the remainder, if any, to the person or persons legally entitled thereto. Beneficiary, or any successor in ownership of any indebtedness secured hereby, may from time to time, by instrument in writing, substitute a successor or successors to any Trustee named herein or acting hereunder, . which instrument, executed. by the Beneficiary and duly acknowledged and recorded in the office of the recorder of the County or Counties where said property is situated, shall be conclusive proof of proper substitution of such successor Trustee or Trustees, who shall, without conveyance from the Trustee predecessor, succeed to all its title, estate, rights, powers and duties. Said instrument must contain the name of the original Trustor, Trustee and Beneficiary hereunder, the book and page where this Deed is recorded and the name and address of the new Trustee. That this Deed applies to, inures to the benefit of, and binds all parties hereto, their heirs, legatees, devisees, administrators, executors, successors and assigns. The term Beneficiary shall mean the · owner and holder, including pledgees of the Note secured hereby whether or not named as Beneficiary herein. In this Deed, whenever the contest so requires, the masculine gender includes the feminine and/or neuter, and the singular number includes the plural. That Trustee accepts this Trust when this Deed, duly executed and acknowledged, is made a public record as provided by law. Trustee is not obligated to. notify any party hereto of pending sale under any other Deed of Tmst or of any action or proceeding in which Trustor, :Beneficiary or Trustee shall be a party unless brought by Trustee. If all, or any prut, of the subject property, or any interest therein, is sold, conveyed, alienated, trru1sferred or encumbered (or if a beneficial interest in Trustor is sold, transferred or encumbered and Trustor is not a natural person), whether voluntary or involuntarily, without Beneficiary's prior written consent, which Beneficiary may withhold in its sole and absolute discretion, Beneficiary shall have the right, at its option, except as prohibited by law, to declare any indebtedness or obligations secured hereby, irrespective of the matmity date specified in any Note evidencing the same, immediately due and payable. If Beneficiary exercises this option, Beneficiary shall give Trustor notice of acceleration. The notice shall provide a period of not less than 10 days from the date the notice is delivered or mailed within which Bo1Tower must pay all sums secured by this Deed of Trust. If Truster fails to pay these sums prior to the expiration of this period, Beneficiary may invoke any remedies pe11nitted by this Deed of Trust without further notice or demand on Trustor. TRUSTOR SPECIFICALLY ACKNOWLEDGES AND AGREES THAT, UPON THE EVENT OF DEFAULT BY TRUSTOR UNDER THE NOTE OR THIS DEED OF TRUST, BENEFICIARY OR NOTEHOLDERMAY AT ANY TIME UTILIZE A PROPERTY MANAGER OR OTHER AGENT TO COLLECT ANY AND ALL RENTS, ISSUES, AND PROFITS ASSIGNED UNDER THIS DEED OF TRUST DIRECTLY FROM TRUSTOR AND/OR ANY ONE OR MORE OF TRUSTOR'S TENANTS. Truster agrees that if there is a lawsuit, upon the request of Beneficiary, Trustor shall submit to the jurisdiction of the state courts located in the County of Orange, State of California, or the applicable federal district court that covers said county, and the lawsuit shall be tried and litigated therein. Califomia-2.0.18 Deed ofTrust CFL Lic_ense No. 60DB0--57756 2019-08-30 02:58pm 8 Station Id :IRCH ORANGE,CA Page 8 of 12 Printed on 10/18/2019 3 :28:27 PM Document: TD 2019.342788 PA2019-225 Branch :NAO,User :T129 Comment: Truster waives any right Truster may have to asse1i the doctrine of forum non conveniens or to object to such venue. Beneficiary requests that copies of notices of foreclosure from the holder of any lien which has priority over this Deed of Trust be sent to Beneficiary's address, as set forth on page one of this Deed of Trust, as provided by Section 2924(b) of the California Civil Code. Separate signatures are permissible, and all signatures hereto may be provided by the parties hereto in separate counterparts, each of which, when so executed and delivered, shall be an original, but all such counterparts shall together constitute one and the same instrument. Each counterpart may consist of a number of copies hereof, each signed by less than all, but together signed by all, of the parties hereto. {THE REMAINDER OF THIS PAGE HAS INTENTIONALLY BEEN LEFT BLANK. SIGNATURES ARE ON THE FOLLOWING PAGE] Califomia-2.0.18 Deed ofTrust CFL License No. 60DB0--57756 2019-08-30 02:58pm 9 Station Id :IRCH ORANGE,CA Page 9 of 12 Printed on 10/18/2019 3:28:27 PM Document: TD 2019.342788 PA2019-225 Branch :NAO,User :Tl29 Comment: The undersigned Trustor requests that copies of any Notice of Default and Notice of Sale be mailed to him at his address hereinbefore set forth. Dated: September 6, 2019 BORROWER: Marigold Partners LLC By: Th Herman nd Betty Gulezyan Family Trust dated Ju --"7Efl.c---------'Date: q 1 J ,/. -1---,~fl-+--}~~IYl-'Date: A 11 I r· By: H Gulezyan, Trustee ~ u tee ---1/¥ Mailing Address: 3001 Redhill, Bldg 4, Costa Mesa, CA 92626 Physical Address: 3001 Redhill, Bldg 4, Costa Mesa, CA 92626 ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this cet1ificate is attached, and not the trnthfulness, accurac , or validit of that document. STATE OF CALIFORNIA COUNTY OF O ~ Y15 ,e.._ ss. On • ' 20 ~. before me, R ~4 (\ ::t 1in M YJ ' Notary Public, personally a peared Herman Gulezyan AND Betty K. Gulezyan, who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/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 behalfofwhich the person(s) acted, executed the instrument. I certify under PENAL TY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WJJ'NESS l!;Y han4 and.effi~ial se~l: ,. 11 , a· .-:. ·~ RYAN JOHNSON , ii ";. Commission No. 2245012 !I- i " ~_: ~ NOTARY PUBLIC,CA. llFORNIA !:t . '-· ORANGE COUNTY . •<i,01t••• · My Comm. Expires JUN~ 30, 2022 NotaryPublic ~ In and For Said County and State MAIL TAX STATEMENTS AS DIRECTED ABOVE California-2.0.18 Deed of Trust CFL License No. 60DB0--57756 2019-08-30 02:58pm 10 Station Id :IRCH ORANGE,CA Page 10 of 12 Printed on 10/18/2019 3 :28:28 PM Document: TD 2019.342788 PA2019-225 Branch :NAO,User :T129 Comment: Station Id :IRCH EXIDBIT"A" LEGAL DESCRIPTION Please replace this page with the Exhibit 11 A11 you will be recording with ORANGE,CA Califomia-2.0.18 Deed of Trust CFL License No. 60DB0--57756 Document: TD 2019.342788 Page 11 of 12 2019-08-30 02:58pm · 11 Printed on 10/18/2019 3:28:28 PM PA2019-225 Branch :NAO,User :Tl29 Comment: Exhibit 'W' LEGAL DESCRIPTION Real property in the City of Newport Beach, County of Orange, State of California, described as follows: . LOT 4 OF BLOCK 540 OF CORONA DEL MAR TRACT, AS PER MAP RECORDED IN BOOK 3, PAGE 42 OF MISCELLANEOUS MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. Station Id :IRCH ORANGE,CA Page 12 of 12 Printed on 10/18/2019 3:28:28 PM Document: TD 2019.342788 PA2019-225 Branch :NAO,User :T129 Comment: Station Id :IRCH ORANGE,CA RECORDING REQUESTED BY: Center Street Lending V SPE, LLC 18301 Von Karman Ave., Ste., 330 Irvine, Ca 92612 AND WHEN RECORDED RETURN TO: Center Street Lending V SPE, LLC c/ o Elizabeth Candelas 18301 Von Kannan Ave., Ste., 330 Irvine, Ca 92612 Loan Number: 56293 APN: 459-206-02 Recorded in Official Records, Orange County Hugh Nguyen, Clerk-Recorder I IIIII I I llllll lll lllll lllll lllll lllll lllll lllll lllll lllll lllll llll I I Ill llll 93 · 00 * $ R O O 1 1 1 4 9 3 8 3 $ * 2019000366529 12:14 pm 09/24/19 7 414 A32 4 0.00 0.00 0.00 0.00 9.00 0.00 0.000.0075.00 3.00 [Space above line for Recorder's Use Only] ASSIGNMENT OF BENEFICIAL INTEREST UNDER DEED OF TRUST BY THIS ASSIGNMENT OF BENEFICIAL INTEREST UNDER DEED OF TRUST (this "Assignment") dated to be effective as of September 9, 2019, Center Street Lending V SPE, LLC, a Delaware limited liability company ("Assignor"), for good and valuable consideration, the receipt of which is hereby acknowledged, does by these presents grant, bargain, sell, assign, transfer and set over unto Center Street Lending VIII SPE, LLC, a Delaware limited liability company ("Assignee"), all of Assignor's right, title and interest as Beneficiary under that certain Deed of Trust dated September 6, 2019 executed by Marigold Partners LLC, a California Limited Liability Company, as Trustor, to North American Title Company, as Trustee, for the benefit of Center Street Lending V SPE, LLC, a Delaware limited liability company ("Original Lender"), as Beneficiary, and recorded in the Official Records of Orange County, State of California on September 10, 2019 as Instrument No. 2019000342788 (the "Deed of Trust'} TOGETHER WITH the obligation therein described, all monies due and to becomes due there under, and all interest thereon, and all rights arising therefrom. [This Space Intentionally Left Blank; Signatures Begin On The Next Page] Page 1 of 4 Printed on 10/18/2019 3:28:28 PM Document: AS 2019.366529 1 PA2019-225 Branch :NAO,User :T129 above. ASSIGNOR: Comment: IN WITNESS WHEREOF, these presents are executed as of the date first set forth Center Street Lending V SPE, LLC, a Delaware limited liability company By: ;t(.,:M i M gt_ Name: Michael Marshall Its: Assistant Manager ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA ) ) ss. COUNTY OF ORANGE ) On , 2019 before me ,Notary Public, personally appeared Michael Marshall, wh roved to me on the basis of satisfactory evidence to be the person whose name is subscribe o the within instrument and acknowledged to me that he executed the same in his authorized pacity, and that by his signature on the instrument the person, or the entity upon behalf of whi the person acted, executed the instrument. I certify under PENALT OF PERJURY under the laws of the State of California that the foregoing paragraph · true and correct. ________ (Seal) Station Id :IRCH ORANGE,CA Page 2 of 4 Printed on 10/18/2019 3:28:28 PM Document: AS 2019.366529 PA2019-225 Branch :NAO,User :T129 Comment: Station Id :IRCH ORANGE,CA ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of Orange on September 19, 2019 before me, Elizabeth Patricia Candelas, Notary Public (insert name and title of the officer) Michael Marshall personally appeared , who proved to me on the basis of satisfactory evidence to be the e,wso~hose nam~are ~scribed to the within instrument and acknowledg._ed to me tha~/she/t~ executed the same in ~er/their authorized capacity~ and that by ~/her/t~ir signatur~on the instrument the person~ or the entity upon behalf of which the person~ acted, executed the instrument. I certify under PENAL TY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature~ (Seal) Page 3 of 4 Printed on 10/18/2019 3 :28:29 PM Document: AS 2019.366529 PA2019-225 Branch :NAO,User :Tl29 Comment: Exhibit "A" LEGAL DESCRIPTION Real property in the City of Newport Beach, County of Orange, State of califomla, described as follows: . LOT 4 OF BLOCK 540 OF CORONA DEL MAR TRACT, AS PER MAP RECORDED IN BOOK 3, PAGE 42 OF MISCELLANEOUS MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. APN: 459-206-02 Station Id :IRCH ORANGE,CA Document: AS 2019.366529 Page 4 of 4 Printed on 10/18/2019 3:28:29 PM PA2019-225