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BOARD OF BUILDING AND SAFETY
COMMISSIONERS
MARSHA L. BROWN PRESIDENT
HELENA JUBANY VICE-PRESIDENT
VAN AMBATIELOS VICTOR H. CUEVAS
June28,20 12
Honorable Council of the City of Los Angeles Room 395, City Hall
CITY OF LOS ANGELES CALIFORN IA
ANTON IO R. VILLARAIGOSA MAYOR
DEPARTMENT OF
BUILDING AND SAFETY 201 NORTH FIGUEROA STREET
LOS ANGELES, CA 90012
ROBERT R. "BUD" OVROM GENERAL MANAGER
RAYMOND S. CHAN, C.E., S.E. EXECUTIVE OFFICER
Council District: #9
JOB ADDRESS: 4625 SOUTH FIGUEROA STREET, LOS ANGELES, CA ASSESSORS PARCEL NO. (APN): 5018-029-014
On September 21, 2005, September 18, 2008, March 22,2010 and December 0 l, 2010 pw-suant to Section 98.0402(e) of the Los Ange les Municipal Code ("L.A.M.C"), the Depmtment ofBuilding and Safety (the "Depmtment") performed aruma! inspections on vehic le repair fac ilities located at: 4625 South Figueroa Street, Los Angeles, California (the "Property"). The property owner was given notice of the unpaid annual inspection fees on the propetty as follows:
Description Annual inspection Fee System Development Fee Title Report fee
Grand Total
$
$
Amount 1,691 .10
97 .44 53.00
1,841.54
Pursuant to the authority granted by Section 7.35.3 of the Los Angeles Administrative Code, it is proposed a lien for a total sum of$ 1,841.54 be recorded against the prope1ty. It is requested that the Honorable City Council of the City of Los Angeles (the "City Counci l") designate the time and place protest can be heard conceming this matter, as set fotth in Sections 7.35.3 and 7.35.5 ofthe Los Angeles Administrative Code.
It is further requested that the City Council instruct the Depa1tment to deposit to Dept 08, Fund 48R, Balance Sheet Account 2200, any payment received against this lien in the amount of$1,841.54 on the referenced property. A copy of the title repmt which includes a full legal description of the property is attached as Exhibit A A list of all the names and addresses of owners and all interested pmties entitled to notice is included (Exhibit B). Also attached is a report which includes the cunent fair market value of the property including all encumbrances of record on the property as of the date of the rep01t (Exhibit C).
1~ Ste Ongele "'I Chief, Resource Management Bureau
Lien conftrmed by City Council on:
ATTEST: JUNELAGMAY, CITY CLERK
BY: -------------------------DEPUTY
LADBS G-5 {Rev.811 1) AN EQUAL EMPLOYMENT OPPORTUNITY- AFFIRMATIVE ACTION EMPLOYER
Work Order No. T8635 Type of Report.· GAP Report Order Date: 05-15-2012
Westcoast Title
& Abstract Company, Inc. 400 S. Alhambra Ave. Ste B Monterey Park, Ca. 91755
Phone 626-548-2479 818-337-0474fax
Prepared for: City of Los Angeles
Dated as of 05-15-2012
-SCHEDULE A(Reported Property Information)
For Assessors Parcel Number: 5018-029-014
EXHIBIT A
Fee: $48.00
/ Situs Address: 4625 S Figueroa St. City: Los Angeles County: Los Angeles
-VESTING INFORMATION (Owners/rip)
The last Recorded Document Transferring Fee Title Recorded on: 07-26-1983 As Document Number: 83-849775 Documental)' Transfer Tax: $139. 70 In Favor of' Sang Hwa Yi, a Single Woman
Mailing Address: Sang Hwa Yi 803 Foxworth Avenue Valinda, CA 91744
-SCHEDULE B-
-The Property Reported Herein is Described as follows: .
Lot 3 of Young and Adams Tract, in the City of Los Angeles, County of Los Angeles, Stale of California, as per map recorded in Book 2423, Page(s) 209 of Deeds, in the office of the County Recorder of said County.
Page I of 3 Continued ....
W estcoast Title & Abstract Company, Inc. 400 S. Alhambra Ave. S1e B Monlerey Park, Ca. 91755
Phone 626-548-2479 818-337-0474fa:x
-Schedule B Continued-
1. A Deed ofTrust Recorded on 02-19-2003 as Document Number 03-0472632 Amount: $150,00000 Tmstor: Sang f!111a Yi, a Single Woman Trustee: Old Republic Title Company Beneficimy 111/irae Bank
Mailing !lddresg · .\ l!?r"ie Ban Note Center ~ 1./0 Wesl Olympic Blvd. Los Ange les, '.(! 90006
An Assignment of Rents as additional security Recorded on 02-19-2003 as Document Number 03-0472633 In Favor of Mirae Rank
Mailing Address: Mirae Bank Note Center 2 J 40 West Olympic Blvd. Los Angeles, CA 90006
Page 2 Order Number: T8635
A Ha::::ardous Substances Certificate and indemnity Agreement Recorded on 02-19-2003 as Document Number 03-0472634 Filed by: Sang Hwa Yi (see attached document for details)
2. A Deed q(Trust Recorded on 01-03-2003 as Document Number 03-0015352 Amount: $120,000.00 Trustor: Sang H111a Yi, a Single Woman Trustee: Old Republic Title Company Beneficiary: Mirae Bank
Mailing Address: Mirae Bank Noie Center 2140 West Olympic Blvd Los Angeles, CA 90006
An Assignment of Rents as additional security Recorded on 01-03-2003 as Document Number 03-0015353 In Favor q(' Mime Bank
Page 2 of 3 Continued ....
Westcoast Title & Abstract Company, Inc.
Mailing Address: Mirae Bank Note Center 2140 West Olympic Blvd. Los Angeles, CA 90006
400 S. Alhambra Ave. Sre B Monferey Park. Ca. 91755
Phone 626-548-2479 818-337-0474fitx
-Schedule B Continued-
Modification of Deed ofTrust Recorded on: 02-10-2010 Document No.: 10-0187454 To: Modify Terms
Subordination Agreement Recorded on: 02-10-2010 Document Number.· /0-0187455
Page 3 Order Number. T8635
A Statement of information may be required to provide further information on the owners listed below:
No Statement ofinformation is required.
End of Report
APN: Described As: Address: City: Billing Address: Assessed Owner(s):
Tax Rate Area:
Use Code:
5018-02 9-014
LOT 3 YOUNG AND A .... AMS TRACT
4625 S FIGUEROA ST LOS ANGELES CA 90037
LOS ANGELES CITY-44
545 S MANHATTAN PL NO 19 LOS ANGELES CA 90020
YI,SANGH
0006660 Value Land: 139,065.00
2610 Improvements: )6,159.00
Used car sales Personal Property: Region Code: Flood Zone: Zoning Code: Taxability Code:
Tax Rate:
Bill #: Issue Date:
Installment 1st
2nd
Account 188.69
188.51 ] 88.71
30.71
188.50
1.70
36.92 61.11
25 Fixtures: Inventory:
LAC:Z ,Exemptions
Homeowner: Inventory: Personal Property: Religious: All Other:
10/15/2011 Net Taxable Value: 155,224.00
Amount Penalty Due Date 1,162.66
1,162.65
116.26
!26.27
12/l0/20J I 04/J0/2012
Special Lien Description L.A. STORMWATER POLL ABATE
LOS ANGELES LIGHT MAINT
L.A. POLICE/911 BOND TAX
L.A. COUNTY FLOOD CONTROL
L.A. CITY LDSCP & LIGHT DJST 96-1
PAID
PAID
L.A. CITY TRAUMA/EMERGENCY SERV.
LA CO PARK DISTRICTS
L.A. CNTY WEST MOSQ 4\6ATE.·.
Status
Conveyance Date: Conveying Instrument: Date Transfer Acquired: Vesting: Year Built: Year Last Modified:
Square Footage Land: Improvements:
Tax Defaulted: Total Tax:
Payment Date 12/13/2011
04/1112012 Total Balance:
07/26/1983
849775
1963
1963
500
2,325.31
Balance 0.00
0.00 0.00
Amount 73.45
149.90
4.56
92.13 22,03
19.95 23-57
5.87
THIS INFORMATION IS PROVIDED FOR CUSTOMER SERVICE PURPOSES ONLY. PROPERTY INSIGHT DOES NOT WARRANT, NOR GUARANTEE THE ACCURACY NOR COMPLETENESS OF THE INFORMA 'HON SHOWN ON THIS
REPORT
***END OF REPORT***
Page 1 of 1
1
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_fliST A!if.lo.lLI,I lli.L ··";,,;;,:,1 Or LOS A.~11 ••.. l'if;~UH>fti<;:AL ~ "' lOO ,_uDl (lOI,IIffi'.
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GRANT DEED
FOfl A VMUM.BH CONSIDERATION. ~~~ ol -h II t.ornby oo~.
J:l:N H. IUM and S'!LVIA C. KlM, ~ and wife
\, SAMl Ji.lA 't1_. .W~.ll!iQir.t.M-kJ!lli!liNB•IOill-!q¥;>;'i!Willdi><Kl!atitBD<•:BM!iba!lt~llil--•-III<'"ZI:I!411;!"tsllllX!EA101ollili II!Ur$-®Clt A s:DiJL£ ~
\ 1tw kllk>wlnii<~NJ;~ tot! pn()party In tho Citv pf Loa .l.n<Nolee
_founly<>f Lee .o.r,g,lea SlolOlll>f~: I'MlC!iL 1: l..ot• l and 2 and th lm'th 6.67 :l\'IEit or Lot 3 of thla ~ 'l.'tfult, lJ1 tho CitY of r.c.. Argel.OO, &~ ~""' mp roQardro 1n !look TI p!!@> 32 or moo~~ ~ , in 1:-tw ofnoo or t.h& cw.nty ~ .. ,. of Mid cwnty, PARC:!L 2: Lot 3 or Yotq am ~ '!:net, 1n too oitY of !.oe AnpJ.es, "" pi!l" m<OP ~ lYI !lOok 2~23 ~ ~ ot 1le<!do 1n th!! orf!~e of th2 IXA1!!tY ~ or a.a1d county'..... .
= J""'_"'f:')..plr:e I .,. 0.. ~'" !, /,., - ....... _ • ._,.,...._ .. _ ....... s.. ... ~~
m li, Jtm an11 mm c. JCm •• ------
,..,____ __ .>
OLD~J~U
··-~ .... RECORDATION REQUESTED BY: MIRAEBANK NOTE CENTER 2140 WEST OLYMPIC BlVD. l-OS ANGELES, CA 90006
WHEN RECORDED MAIL. TO: MIMI: ClANK NOTE CENTER 2140 WEST OLYMPIC BlVD. l-OS ANGELES, CA 90000
SEND TAX NOTICES TO: 11/IIRAE BANK NOTE CeNTER 2140 WEST OLYMPIC BLVD. LOS ANGElES, CA 91:1006
2/19/03
03 0472882
FOR RECORDER'S USE ONLY
DEED OF TRUST
Variable Interest Rate Revolving line of Credit
MAXIMUM LIEN. The lien of this Deed of Trust shall not ex~~ at any one time $150,000.00.
THIS DEED OF TRUST ·is dated February 14, 2003, am~SANG HWA VI, A"-SINGLE WOMAN, whose address Is 545 S. MANHATTAN Pl., #19, LOS ANGElES, CA 90020 {"Trustor"); MIRAE BANK. whose address is NOTE CENTER, 2140 WEST OLYMPIC BLVD., ~ S ANGElES, CA 90000 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); ana OLD REPUBLIC TITLE COMPANY, whose address is 450 N. BRAND BLVD., 8TH FL .. , GLENDALE, CA. 91203 (referred to below a~ "TrusteeN), CONVEYANCE AND GRANT. For valuable conslder>~tian, Trustor Irrevocably grants, transfers and assigns lo Trustee In trust. with power of sale, tof the benefit or Lender as Beneficiary, all of Trustor'a rlghl, Iitle, and Interest In and to the following described real property, together with all existing or subsequen!ly erected or affixed buUdlngs, improvements and fixtures; all easement$, rights of way, and appurtenances; all water, water rights and ditch rights (Including stock In utDitles with ditch or Irrigation rights); and all other rights, royalties, and proflts relating to the real property, including without llmltatlan all minerals, o!l, gas, goolhennal and similar matters, (1he "Real Property") located In LOS ANGELES County, State of California:
PARCEL i:
LOTS 1, 2 AND THE NORTH 6.67 FEET OF lOT 3 OF THE BAXTER TRACT, IN THE CITY OF lOS ANGELES, COUNTY OF LOS ANGELES, STATE OF CAliFORNIA, AS PER MAP RECORDED IN BOOK 37 PAGE(S) 32 OF MISCElLANEOUS RECORDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
PARCEL 2:
lOT 3 OF YOUNG AND ADAMS TRACT, IN THE CITY OF LOS ANGElES, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 2423 PAGE(S) 209 OF DEEDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
The Real Property or lts address is commonly known as 4623-4625 S. FIGUEROA ST., LOS ANGELES, CA 90037. REVOLVING UNE OF CREDIT, Specifically, In addition to the amounts specified In the Indebtedness detlnrtlon, and without limitation, this Deed of Trust secures a revolving line of credit, which obligates lesJdSI' to make advan~ tQ Trus1or 110 long as Trustor complies with an the. terms of the Credit Agreement. Notwltlls!:andlng the amount outstanding at any parllcurar time, tills Deed of Trust secures the total amount of the Ctedlt Agreement. The unpald batanca of the revolving nne of credit under the Credit AgrMment may at certain times be Zero Dollars ($(1.00). A zero balance does not affect lender's agreement to make advances to Trustor under lhe Credit Agrwnumt. Therefore, lender's Interest under this Deed of Trust will remain In full force and effect notwithstanding a zwo balance on the Credit Agreement. Such advances may be made, repaid, and remade 1rom time to time, subJect to the limitation !hat the total outstanding balance owing at any one time, not Including finance char9f12 on such balance at a fu!ed or variable rate or sum u provided In the Credit Agreement, any tempcrary overages, other charges, and any amounts expended or adVSl'lced as provided In either tile Indebtedness paragraph or il'ils paragraph, shall not exceed the Credit l.lmlt as provided In the Credit Agreement, It Is lhe Intention of Trustor and Lender that this Deed of Trust secures the balance outstanding under the Credit Agreement from time to time !'rom zero up to the Credit !..!mll as provided ln this Deed of Trust and any Intermediate balance..
Trustor presently assigns lo Ler'ldet (also known as Beneficiary In this Deed of Trust) all of Trustor's rlght, lille, and ln!erest In and lo all prasent
loan No: 001--860270 DEED Of TRUST
(Continued)
2/19/03--
Page 1
instrument shall ba axar::uted and acknowledged by lender or lls successors In Interest The sur::r::essor trustee, wlthoot conveyance o1 the Pmperty, shall succeed to an the title, power, and dulles conlerred upon the Trustee in this Deed ot Trust and by applicable law. This procedure for substitution of Trustee shall govern to !he exclusion of all other provlskms for substitution.
Acceptance by lrustee. TrusteB acc:epts this Trust when this Deed of Trust, duly executed and acknowledged, Is made a public record as provided by law,
NOTICES. Any notice required to be glven under this Dood ol Trust shall be given In writing, and shall be efteotlve when actually delivered, whoo actually received by telelacsiml1e (unless otherwise required by law), when depo.sliOO with a natlonally recognized overnight courter, or, If maUed, when deposilsd in the Unlled States mail, as first class, certified or registered mall postage prepaid, directed to the addresses shown near !he beginning of this Dead ol Trust. Trustor requests that copies of any no~cas ot dalautt and sale be directed to Trustor's address shown near !he beginning of this Dead of Trust. All copies ol notices of foreclosure from the holder ol any llan which has priority over this Dead of Trust shall oo sant to lender's address, as shown near the beginning al this Deed o1 Trust Any parson may change his or her address ror noijces ut'lcier lh!s Deed of Trust by giving formal wrltlan notice to the other person or parsons, specifying that the purpose of the nollce Is to change the person's address. For notice purposes, Trustor agrea5 to keep lander Informed at all limes of Trustor's currant address. Unless otherwise provided or required by law, If !hera Is more than one Trustor, any notice given by lender to any Trustor Is deemed to be notice given to all Trustors. lt will be Trustor's responslbDily to tell the others of the notice from Lander.
STATEMENT OF OBLIGATION FEE. Lender may collac1 a foo, nat to exceed the maximum amount parmi!tad by law, lor rumlahlng the statement of obligation as provided by Section 2943 of the Civil Code of California.
EAIITHQUAKE INSURANCE. Trustor shall add Lender as loss payee on any earthquake Insurance that Trustor voluntarily obtains for lha Property. The application of proceeds of such IJlSuranca shall be subject to the terms and condlllons that ara contained I.!Odel' "Proparty Damage Insurance" section of the Deed of Trust. If the Property Is damaged by earthquake and !he Trustor had not obtained any earthquake lnsuranoo tor the Property, Trustor shall prompijy perform w~h Trustor's own funds all repairs, repW.C$1Tlan1s, and maintemmoa necessary to restore lha Propety to Its lair market value Immediately prior to the earthquake c;lamage, Failure to promptly commance the necessary repairs sahll be grounds for default under this Dead of Trust and the Note ..
MISCELLANEOUS PI=!.OVISIONS. The following m!scellanaous provisions are a part of this Dead of Trust
Amendment'~!~. What Is written in this Deed ol Trust and In the Related Documents Is Trustor's enUre agreement with lender conc:emlng the matters covered by this Dead of Trust. To ba affacllve, any change or amendmerrt to !his Deed of Trust must be In wrlling and must be signed by whoever will be bound or obligated by the change or amendment
Caption Headings. CapUon headings In this Deed ol Trust are for convenlenc:a purposes only and ar& not to be used to Interpret or define the provisions of this Deed of Trust.
Merger. There shall be no merger of the Interest or estate created by ttlls Deed of Trust with any other Interest or astatEt In the Property at any time held by or for the benefit of Lender in any capacJ!y, wltllout the written consent of Lender.
Governing Law. This Detld of Trust will be governed by and Interpreted In accordance With federal law and the laws of l.he state of California. This Deed of Trust has been accepted by lender In tht;~ State of California.
Choice of Venue. If there Is a lawsuit, Trustor agrees upon Lender's request to subm~ to the turlsdicllon ol the courts ol LOS ANGELES County, State of Call1omla.
No Waiver by Lender. Trustor understands Lender will not give up any ol Lender's rights under lh!s Deed of Trust unless Lender does so in wrHing. The tact 1hat lander delays or omits to exarolsa any right will nat mean that l..sooar has given up that right llleooer does agree In writing to give up one of lender's rights, that does not mean Trustor will not have to c:omply with the other provisions of this 0900 of Trust. Trustor also understarlds that If lender does consent to a request, that does nat mean tnat Trustor wlll no! have to gat Lender's consent again It the situation happens again. Trustor further understands that just because Lender COi1Sents to one or more of Trustor's requests, thai does not mean lender will be required to consent lo any ot Trustor's fulure requests. Trustor waives presentment, demand for paymenl, protest, and notice of dishonor.
Severablllty. If a coort finds that any provision of !his Dead of Trust !s not valid or should not be antorced, that fact by Itself wMI not mean thai !he rssl of th!s Deed ol Trust will not be valid or enforced. Therefore, a court will en!orce the rest of the provisions of this Dood of Trust even If a provision ol !hls Deed of Trust may be found to be Invalid or unenforceable.
Successors and Assigns. Subject to any limitations stated In this Deed of Trust on tranaler of Trustor's lntarest, this D&ed of Trust sha~ be binding upoo and Inure to the benefit of the parllas, their successors and assigns. If ownership ol the Property becomaa vested In a parson other than Trustor, Lender, without noijce to Trustor, may deal with Trustor's successors with rafereooe 1o !his Deed of Trust and the Indebtedness by way of forbearance or extension Wlthout releasing Trustor from the obligations of this Deed of Trust or llabilrty under 1ha Indebtedness.
Time Is of the Essence. Time Is of the essence In the performance of this Dood of Trust.
Waive Jury. All parties to this Deed of Trust hereby waive the right to any jury trial In any actron, pn:u;:eedlng, or eDUnterclalm brought ~y~any other party.
OEf'lNJTIOl'JS. The following words ShQrl have !ha !allowing meanings INhen used In this Deed of Trust
~e[lolary. Tf'le..,word "Beneficia~' means MIRAE BANK, and Its successors and assigns.
/
,/.&;,war. The wbrd "Borrower'' ~ans SANG HWA Y!, end all o1her parsons and enlltles signing the Credit Agreement.
1 Credit 1\.greflman!. The wor "Credit Agraeroonl" mean the credit agreement dated February 14, 2003, with credit limit of
,- $150,000.00 from Trustor Lender, togatller with all renewals or, extensions of, mod~lcatlons a!, refinancings of, consolldatlons o!, and r subslltutions for the promls ry note or agreement
Deed of Trust. The rds "Deed of Trusf' mean this Deed ot Trust among Trustor, Lender, and Truslee, and Includes without limltallon all assignmsnt a urJ!y Interest ptovls loos relating to the Personal Property and Rentll. ~----~·-~-~-~
03 0478682
. '
DEED OF TRUST {Continued)
2/19/03
Environmental Laws. The wards "Environmental Laws" mean any and all stale, federal and local statutes, regulations and ord!llances relating to the protection of human health or the environment, Including w1thoul limitation !he Comprehensive Environmental Response, Compensation, and liability Act of 1980, as amended, 42 U.S.C. Section 9601, at eaq. ("CERCLA"}, the Superfund A!llEIIldmants and Raauthorlzatlon Acl of 1986, Pub. L. No. 99-499 ("SARA"), !he Hazardous l\llalerlals Transponatlon Act, 49 U.S.G. Sect!on 1801, at seq., the Resource Conservation and Racovery Act, 42 u.s.c. SacUon 6001, at seq., Chapters 6.5 through 7.7 of DMskm 20 of the Caltlomla Heallh and Safety Code, Section :25100, el seq., or other applicable state or federal laws, rules, or regula lions adoptW purnuam thereto.
Event of Default. The words "Even! of Default" mean any of the evsnls of default set forth In this Deed of Trust In the events of ds!ault section of this Deed of Trust.
Exlsifng Indebtedness. The words ''ExR;t!ng Indebtedness" msan the Indebtedness described In the Existing Uans provision of thi$ Dood of Trust
Guaranty. The word 'Guaranty' means the guaranty from guarantor, endorser, surety, or acoommodatlon party to Lander, including without llmltatlon a guaranty o! all or part of the Cred~ Agreement.
Hazardous Substances. The words "Hazardous Substances• mean materials thai, bBGause of their quantity, concentra!lon or physical, chemical or Infectious charaoteristlos, 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 <Jr otherwiSe handfed. The words "Hazardous Substances• we used In their very broadest sense and include without limitation any and all hazardous or toxk:: substances, materials or waste as dalined by or listed under the Environmental Laws. The term "Hazardous Substances" also Includes, wlthout limitation, petroleum and petroleum by-produr::ts or any fraction thereof and asbestos.
Improvements. The WOl'd 'lmprovsmenls' means all existing a.11d future Improvements, buildings, structures, mobile homes affixed on the Real Property, faollltlas, add~lons, replacements and other cons!ruc11on on the Real Property.
Indebtedness. The word "Indebtedness' means all principal, Interest, aoo other amounts, oosts and expenses payable under the Croon Agreement or Related Documents, together wnh all renewals ol, extensions of, mt'ldific:ations of, consolidations of and substitutions for the Credit Agreemanl or Related Documents and any amounts expended or advanced by Lender to discharge Trustor's obllgatlons or expanses Incurred by Trustee or Lender to enforce Trustor's obligations under this Deed of Trust, together with Interest on such amounts as proVided in this Dead of Trust
Lender. The word "Lender' means MIRAE BANK, Its succassore and assigns. 'The words 'suocassors or assigns• mean any parson or company that acquires any Interest In the Credit Agreement.
Personal Property. The words "Pe;-sonal Property• mean all equipment, fixtures, and other articles of personal property now or herealtar owned by Trustor, and now or hereafter attached or affiXed to the Real Property; together with all accessions, paris. and addlt!ons to, all replacements of, and all subslllutlons lor, any of such property; and together w!th all proceeds {Including without limitation all Insurance proceeds and refunds of premiums) lrom any sale or other disposll!on of the Property.
Property. The word "Property" means collectively the Aeal Propeliy and the Personal Property.
Real Properly. The words "Real Property" mean tl'le real property, Interests and rights, as further described ln this Dead of Trust.
Related I)(Jctunents. The words 'Related Documents• mean all promk;soJY notes, credit agreements, loan agreements, environrl'Mlfl1al agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and aU olh~:~r Instruments, agreements and dooumsnts, whethe!' now or hereafter exlsllng, execu1ed In eonnec1ion with lhe lndab!adness.
Rents. The word "Rants• means all present and luture leases, rents, revenues, Income, lssuoo, royalties, profits, and other benefits derived from the Property together wllh the cash proceeds of the Rents.
Trustee. The word 'Trustee' means OLD REPUBLIC TITLE COMPANY, whose address Is 450 N. BRAND BLVD., 8TH FL., GLENDALE, CA 91203 and !1f1Y aubslltuta or successor trustees.
Trustor. Tha word "Trustor" msans SANG HWA VI.
TRUSTOR ACKNOWLEDGES HAVING READ AU.. THJ!: PROVISIONS OF THIS DEED OF TRUST, AND Tf!USTOR AQFIEES TO ITS TERMS, INClUDING THE VARIABLE RAT!; PROVISIONS OF THE CREDIT AGREEMENT SECURED BY THIS DEED OF TRUST.
TRUSTOR:
d~
08 0472632
O!D~lriJI r "~ .. ~-
RECORDATION REQUESTED BY: MIRAE BANK NOTE OENTEFI 2140 WEST OLYMPIC BLVD. lOS ANGELES, CA 90006
WHEN RECORDED MAIL TO: MIRAEBANK NOTE CENTER 2140 WEST OI..YMPIC BLVD. LOS ANGELES, CA 91!Dil6
SEND TAX NOTICES TO: M!RAEBANK NOTE CENTER 2140 WEST 01.. YMPIC BLVD,
NGEI.ES CA 90il06
2119/03
03 0412633
CO?Jlflf I . s; 501~ -Od-0-DI1 ASSIGNMENT OF RENTS
-- -------- -- -----
THIS ASSIGNMENT OF RENTS dated February 14, 2003, is made and executed between SANG HWA VI, A SINGLE WOMAN, whose address Is 545 S. MANHATTAN PL., #19, LOS ANGELES, CA 90020 (referred to below as "Grantor") and MIRAE BANK, whose address Is 2140 WEST OLYMPIC BLVD., LOS ANGELES, CA 90005 (referred to below as "lender").
ASSIGNMENT. For valuable consideration, Grantor hereby assigns, grants a continuing security Interest In, and conveys to lender all oil Grantor's right, title, and interest in and to the Rents from the following described Property located In LOS ANGELES County, Stale of California:
PARCEl1:
LOTS 1, 2 AND THE NORTH 6.67 FEET OF LOT 3 OF THE BAXTER TRACT, IN THE CITY OF lOS ANGELES, COUNTY OF LOS ANGELES, STATE OF CAliFORNIA, AS PER MAP RECORDED IN BOOK 37 PAGE(S) 32 OF MISCELLANEOUS RECORDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
PARCEL 2:
LOT 3 OF YOUNG AND ADAMS TRACT, IN THE CITY OF LOS ANGELES, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 2423 PAGE(S) 209 OF DEEDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
The Property or Its address Is commonly known a:s 4623-4625 S. FIGUEROA ST., lOS ANGELES, CA 90037.
This is an absolute assignment of Rents made in connection with an obligation secured by property pursuant to California Civil Code 5ectlon 2931:1. REVOLVING liNE OF CREDIT. Specifically, In addition to the amounts specllled In the lndebtetln~ms definitiOn, and wlthoulllmltatloo, this Assignment secures a revolving !Ina of credit, which obligates Lender to malw advances to Grantor so long as Grantor complies with an the terms of the Credit Agreement. Notwithstanding the amount outstanding at any particular time, 1hls Assignment secures the total amount of the Credit Agreement. The unpaid balance of the revolving line of credit under the Credit Agreement may at certain times be Zero Dollars ($0.1lll). A zero balance doEiS not affect Lender's agreament to make advances to Grantor undef the Credit Agreement. Therefore, Lender's Interest under this Assignment wm remain In full force and affeG'I notwithstanding a zero balance on the Credit Agreemarrt. Such advance!il may be made, repaid, and remade from time tg tlme, liUblect to the limitation Umt the total outstanding balance owing at any one l.lme, not Including finance charges on such balance at a fixed or variable rate or sum as provided In the Cl'edlt Agreement, any temporary overagss, other ch<lrges, and any amounts axpeoded or adwmced as provided In ellher the lndebtedna$S paragraph or this paragraph, shall not exceed the Credit Limit as provided ill the Credit Agreement. It Is the Intention ~;~f GrantoJ" ant:! Lender that this Assignment secures the balance outstanding under the Credit Agreement from time to time from zero up to the Cnx!lt Limit as provided In thls Assignment and any lntennedlate balance.
THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCe OF ANY AND All OBI.JGATIONS OF GRANTOR UNDeR THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUME!IITS. ll-US ASSIGNMENT IS GIVEN ANI:l ACCEPTED ON THE FOLlOWING TERMS:
PAYMENT AND PERFORMANCE. Except as otherwise provided In this Asslgnmsnl or any Related Documents, Grantor shall pay to lsndar all amounts secured by lhls Assignment as they become dua, and shall slrlcUy perform all ol Grantor's obligations under lhls Assignment Unless and untll Lander exercises its right to collect the Rants as provided below and so long as !hera Is no default unoor this Assignment, Grantor' may remain In poasassl011 and control of and opmata am:! manage the Property and collect the Rents, provided that the granting of the right to collect
21~9/03 ~-~ ~~~. ~
RECORDATION REQUESTED BY: MIRAEBANK NOTE CENTER 2140 WEST OlYMPIC BlVD. lOS ANGELES, CA 90006
WHEN RECORDED MAIL TO: MIRAE BANK NOTE CENTER 2140 WEST OLYMPtC BLVD. lOS ANGELES, CA 91l01lfl
SEND TAX NOTICES TO: MIRAE BANK NOTE CENTER 2140 WEST OL YMF'IC BlVD.
03 0472634
LOS ANGELES. CA 90006 FOR RECORDER'S USE ONLY
dULJtoD'OtN }-$' 50fll·o;tJ-o}t1HAZARDOUS SUBSTANCES CERTIFICATE AND INDEMNITY AGREEMENT
THIS HAZARDOUS SUBSTANCES AGREEMENT dated February 14, 2003, Is made and executed among SANG HWA VI, 545 S. MANHATTAN Pl., #19, LOS ANGELES, CA 90020 (sometimes referred to below as "Borrower" and sometimes as "Indemnitor"); and MIRAE BANK, NOTE CENTER, 2140 WEST Ol VMPIC BLVD., LOS ANGELES, CA. 90006 (referred to below as "lender"). For good and valuable consideration and to induce Lender to make a Loan to Borrower, each party executing this Agreemen& hereby represents and agrees with Lender as follows: PROPERTY DESCRIPTION. The word "Property• as used In tl'lls Agreemenl means tl'le following Real Property located In LOS ANGELES County, State of California:
PARCEL 1:
LOTS 1, 2 AND THE NORTH 6.67 FEET OF LOT 3 OF THE BAXTER TRACT, IN THE CITY OF LOS ANGELES, COUNTY' OF LOS ANGELES, STATE OF CAUFORNIA, AS PER MAP RECORDED IN BOOK 37 PAGE(S) 32 OF MISCELLANEOUS RECORDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
PARCEL2:
LOT 3 OF YOUNG AND ADAMS TRACT, IN THE CITY OF LOS ANGELES, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PEA MAP RECORDED IN BOOK 2423 PAGE(S) 209 OF DEEDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
The Real Property or 1!.6 address Is commonly known as 4623-4625 S. FIGUEROA ST., LOS ANGELES, CA 90037.
REPRESENTA110NS. The following representations are made to Lender, subject to disclosures made and aCCGpted by Lender In writing:
Use of Property, After due lnqui!)' and investigation, Indemnitor has no kriOWiedge, or reason to believe, lha1 there has ooen any use, generation, manufacture, storage, treatment, refinement, transportaUon, disposal, release, or threatened release of any Hazardous Substance by any person on, under, or about the Property.
Hazardous Substances. After due inquiry and hwest!gatlon, Indemnitor has no knowledge, or reason to believe, that the Property, whenever and whetl'lar owned by previous Occupants, has ever contained asbestos, PCB or other Hazardous Sub$tances, whether used In construction or stored on 1he Property.
No Notices.. Indemnitor has received no summons, citation, directive, latter or other communication, wrllloo or oral, from any aijOOc:y or department of any oounly or state or the u.s. Government oonoom!ng any lnlentlonaf or unlntantloool aotloo or omission on, under, or about tl'le Property which has resulted In the releasing, spilling, leaking, pumping, pouring, emitting, emptying or dumping of Hazardo!.J$ Substances lnlo any waters or onto any lands or where damage may have resulted 1o tl'la lands, waters, fish, shellfish, wlldllle, biota, air or otl'ler natural resources.
Afi"II'IMATIVE COVENANTS. Subject to disclosures made and accepted by Lender In writing, Indemnitor covenants wltl'l Lender as follows:
Use of Property. lndemn~or wlll not use and does not Intend to use the Property to genernte, mamdacll.lre, retina, transport, treat, store, handle or dispose of any Hazardous Substances.
Compliance with Environmental Laws. Indemnitor shall cause the Property and tl'le operations conducted on it ro comply wttl1 any and a! I Environmental laws and orders of any govemmental au1horltlas having jurisdiction under any Erwlronmental laws and shall obtaln, keep In affect and comply with all governmental permits anc.i authorizations required by Environmental Laws with respect to such Property or operations. lndemnttor shall fumish Lender wnn copies of aU such permits and au1horlzatlons and any amendments or renewals of tl'lem and shall no!lfy Lender of any expiration or revocation of such permtls or authorizations.
Preventlve, Investigatory and Remedial Action, Indemnitor shall exercise eJctrerna care In handling Hazardous Substances n Indemnitor uses or encounters any_ Indemnitor, a! lndamnttor's expense, shaU undertake any and all preventiVe, Investigatory or remedial action (including emarganoy response, removal, oontalnm8flt and otl'ler remedial action) {a) requked by any applicable Environmental La~ or orders by any govemmental authority having jurlsdlc!lon under Environmental La~. or (b) necessary to prevent or minimize property damage (Including damage to Occupant's own property), personal injury Of damage lo tl'la environment, Of the threat of any such damage or injury, by releases of or exposure to Hazardous S\.IOstanoos In ccnnectlon wltl'l the Property or operatlona of any Occupam on the Property.
This pag® Is part of your document- DO NOT DISCARD
03 .0015352
JAN
TITlE(S} :
A D S H E E
fEE
[EE$¥8 FFI~~ CODE I '
20 DA FEE Code 20 - ~· .
CODE 19
CODE 9
RECORDER'S OFFICE lOS ANGELES COUNTY
CAliFORNIA
03 2003
D.T.T
Ai8A.M.
-. . ..
Assessor's identification Number (AIN) To be completed by Examiner OR Tllte Company in black ink. Number of Parcels Shown
THIS fORM NOT TO BE DUPLICATED
J
. " . OlD REPUBUC r.\.E . COMPANY
RECORDATION REQUESTED BY: MIRAEBANK NOTE CENTER 2140\VESTOlVMPIC BLVD. LOS ANGElES, CA 90000
WHEN RECORDED MAll TO: MIME BANK NOTE CENTER 2140 WEST OLYMPIC BL.VO. LOS ANGElES, CA 90000
SEND TAX NOTICES TO: SANG HWAYI 545 S. MANHATTAN PL, lt19
_b.Q§ 8NGELES. CA 90020
03 0015352
DEEDOFTR~T
MAXIMUM LIEN. The lien o1 this Deed of Trust shall not exc~d 11.llt any one time $~0,000.00. THIS DEED OF TRUST Is dated Dec:ember 23, 2002, amo~ANG HWA VI, A S~GlE WOMAN, whose address Is 545 S. MANHATTAN PL., #19, LOS ANGELES, A 90020 (~Trustor"); MIRAE BANK, whose address Is NOTE CENTER, 2140 WEST OlYMPIC BLVD., L ANGELES, CA 90006 (referred to below sometimes as "lender" and sometimes as "EleneficlaryH); and OLD REPUBLIC TITLE COMPANY, whose address Is 450 N. BRAND BlVD., 8TH FLOOR, GLENDALE, CA 91203 (referred to below as "Trustee"), CONVEYANCE AND GRANT. For valuable consideration, Trus1or lrrevoeably grants!, transfarn and assigns to Trustee In truat, with power of sale, lor the benefll ot Lender as Beneficiary, all ol Trustor's right, title, and interest 1n and to the lol!owing described real property, together with a" existing or subsequently erected or affixed buUdlngs, improvements and fuctures; aU easements, rights of way, and appurtenances; all water, water rights and ditch rlghts.(includlng stock In utilities wilh ditch or Irrigation rights); and all other rights, royalties, and prom.s relating to the real property, including withoU1IImltatioo all minerals, oil, gas, geothermal and slmltar matters, (the "Real Property") located ln !..OS ANGELES County, State of California:
PARCEL 1:
LOTS 1, 2 AND THE NORTH 6.67 FEET OF LOT 3 OF THE BAXTER TRACT, IN THE CITY OF LOS ANGElES, COUNTY OF lOS ANGElES, STATE Of CAliFORNIA, AS PER MAP RECORDED IN BOOK 37 PAGE {S) 32 OF MISCELLANEOUS RECORDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
PARCEL 2:
LOT 3 Or YOUNG AND ADAMS TRACT, IN THE CITY OF lOS ANGELES, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 2423 PAGE (S) 209 OF DEEDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY,
The Real Property or Its address Is commonly known as 4623--4625 S. FIGUEROA ST., LOS ANGELES, CA 90037. Trustor prooenUy assigns to Lander (also known as Benefk::iary In this Deed of Trust) all of Trustor's right, lith:~, end Interest in and lo all present and future leases ot the Property and all Rents from 1lw Property. This Is an abso!U1e assignment ol Rents made ifl coonactiOO wilh an obllgatlon secured by real property pursuant to C!!lltornla ClvU Code Section 2938. In addition, Trustor grants 1o Lender a UnHorrn COmmercial Code security Interest In !he Peroon.al Property and Rents.
THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS GIVEN TO SECURE (A) PAYMEN"f OF THE INDEBTEDNESS AND (B} PERFORMANCE OF ANY AND ALL OBUGATIONS UNDER TtiE NOTE, THE AELA TEO DOCUMENTS, AND THIS DEED OF TRUST, THIS DEED OF TRUST IS GIVEN AND ACCe.PTED ON THE FOlLOWING TERMS:
PAYMENT AND PERFORMANCE. Except as otherwise provided In this Deed of Trust, Trustor shalt pay to Lender all wnounts secured by this Deed o! Trust as !hey become due, and shall strictly and in a tirmly manner palform all of Trustor's obligations under too Note, this Deed ol Trust, and tM Related Docuroonts.
POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees th;:il Tnmlor's possession and use of the Property shall 00 governed ·- by the follOwing provisions:
Possession and Use. Unlillhe occurrence of an Event of Default, Trustor may {1) remain In posSG$Sion and wntrol ol the Property; (2) use, operate or manage the Property; and (3) collect the Rents lrom the Property.
Duty to Ml!lntaln. Trustor shall maintain the Property In tenantable condition and prompUy perform all repel!$, replacerrnmts, and
. •·
lorm No: 001-850230 DEED OF TRUST
(Continued)
Default The word "Default' mear\S the Dafautlsallorth in this Deed of Trust In the seclioo tltled "Defaulr.
Environmental i..aws. The words "Environmental laws' mean lliT1 and all state, fecleral and local statutes, regulations and ord!nancoo relating to the protection of human hooJ!h or the enviiOTII'Tl!!Tlt, Including without limitation the Comprehensive Envlr0f111lafltal Rooponse, Compensation, and Liability Act of 1980, as amended, 42 U.S.C. Section 9601, at seq. ("CERClA'), !he Superfund Amandm&nts and ReauthorlzaUoo Act ol 1986, Pub. L No. gg..499 ('SARA"), the Hazardous Materlals Transportl:ltlon Act, 49 U.S.C. section 1001, at seq., the Resource Conservation and Recovery Act. 42 U.S.C. Section 6901, at seq., Chaptars 6.5 tllrougll 7.7 of Division 20 of the Calnomla Health and Safety Code, Section 25100, al seq., or other applicable stela or federal laws, rules, or regulations aOOpted pursuant thereto.
Event of DefBult The words 'Event of Default" mean any of the everrt.s of cletau!t set lorth in this Deed o1 Trust in tha events ol default section of tllls Dead of Trust.
Guaranty. The WOi'd 'Guaranty' 111$S.na tha guaranty from guW"an!or, endorser, surety, or acoommodation party to Lander, !f!Clud!ng w!!hoUl limi!atioo a guaranty of all or part of 11'19 Note.
ttaurdous Substaneeg, The words "Hazardous SubSt.anc&s' mean materials that, t>acausa of !hair quantity, conc:ernratlon or physical, cl'lamical or infootlous characteristics, may cauae or pose a present or potential hazard to human health or the anv!ronmen! when lrl'ljlfOPilll'l used, treated, stored, disposed of, gen~Waled, manufactured, transported or otherwise hat'ldl-00. The words 'Ha.:ardous Substances" are used in !hair very broadest sense and Include without limitation any and all hazardous or toxic substances, materials or waste as. d(lfinad by or llstoo under !he Envir0Tiff'l9fltal laws. The term 'Hazardous Substances' also includes, wtth0111 llmilalloo, petroleum al'ld petroleum by·products or any fraction thereof at'ld asbestos.
Improvements. The word 'Improvements' means all existing and Mure lmprovamants, buildings, struc1ures, mobile home!! aff!J(ad on the Real Property, facll!llas, additions, replacements and o!her construct!on on the Real Property.
lrulebiedness. The word •tndebtsdnass' maans all principal, interest, and o!har amounts, coots at'ld expanses payable under !he Nole or Rala19d Documents, together with all renewals of, &xtansions of, modifications ol, consolidations ot and sub<stltt.ltlons lor the Note or Relate!'l-Documents and any amounts axpEiflded or advanced by lander to dischar{lll Trustor's obllgallons or expenses Incurred by TJ'Ysloo !:
.-
TITLE(S) :
FE FEE$22 DAF$2 C-20
CODE 20
CODE 19
CODE 9
This page is part of your document~ 00 NOT DISCARD
111~111 l E A D
FF
6
03 0015353
RECORDED
JAN
RECORDER'S OFFICE. lOS ANGELES COUNTY
CALIFORNIA
03 2003
D.T.T
AT BAM.
Assessor's Identification Number (AIN) To be completed by Examiner OR Tilte Company In black ink. Number of Parcels Shown
THIS FORM NOT TO BE DUPliCATED
I
I. !
Q!.D REPUBLIC TITlE ""' , COMPANY
RECORDATION REQUeSTED BY: MIME BANK NOTE CENTER 2140 WEST OLYMPIC BLVD. LOS ANGELES, CA 9!J(loOO
WHEN RECORDED MAIL TO: MlAAEBANK NOTE CENTER 2140 WEST OLYMPIC II!'ILVD. LOS ANGEI.ES, CA 00006
SEND TAX NOTICES TO: SANG HWAVI 545 S. MANHATTAN PL.., 1119 lOS ANGEl§ £A 90020
03 0015353
FOR RECORDER'S USE ONt.y
ASSIGNMENT OF RENTS
THIS ASSIGNMENT OF RENTS dated December 23, :2002, Is made and executed between SANG HWA VI, A SINGLE WOMAN, whose address Is 545 S. MANHATTAN Pl., #19, LOS ANGELES, CA 90020 (referred to below as "Grantor") and MIRAE BANK, whose address ls 2140 WEST OlYMPIC BLVD,, lOS ANGELES, CA 90006 (referred to below as "Lender").
ASSIGNMENT. For valuable consideration, Grantor hereby assigns, grants a continuing security interest In, and conveys to Lender all of Grantor's right, title, and Interest In and to the Rents from the following described Property located In LOS ANGElES County, State of California:
PARCEL 1:
lOTS 1, 2 AND THE NORTH 6.67 FEET OF lOT J OF lHE BAXTER TRACT, IN THE CITY OF lOS ANGELES, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 37 PAGE (S) 32 OF MiSCEllANEOUS RECORDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
PARCEL2:
LOT 3 OF YOUNG AND ADAMS TRACT, IN THE CITY OF lOS ANGELES, COUNTY OF LOS ANGELES, STATE 'OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 2423 PAGE (S) 209 OF DEEDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
The Property or its address Is commonly known as 4623·46:25 S. FIGUEROA ST., LOS ANGElES, CA 90037.
Tills is i;il'l absolute assignment of Rents made In oonnectkm with an obligation SIS(;Uifed by property pursuant to California Civil Code section 2938. ThiS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2:) PERFORMANCt; OF ANY AND ALL OBUGATIONS OF GRANTOFI UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS. THIS ASSIGNMENT iS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
PAYMENT AND PERFORMANCE. Except as otherwl:.la provided In lhls Assi{Jlmeni or any Related Documents, Grantor shall pay to Lender aU amounts socuroo by this Assignment as they become due, and shaU strictly perform aH of Grantots OOIIgatl«ls under this Assignment Unless and until Lender exercises Its right to collacl the Rents as pr011kied below and so long as there Ill no default under this Assigllm9nt, Grantor may remain in possession and control of and operate and manage the Property and collect the Rents, provided that the granting of the rlght to ooii(K;l the Rents shall1'101 cons tiMe Lender's consent to the use ol cash collateral In a bankruptcy proceeding.
GRANTOR'S REPRESENTATlONS AND WARFIIANTIES, Grantor warranl8 thai:
Ownership. Grantor is entiUad to ra<::eiva the Rants lr!!l} and cloo.r of all rights, loans, liens, encumbraFlC&S, and claims except as di~closoo to and accaptoo by Lender In writing.
Rlgl11 to Aeslgn. GraniOr has !.he lull right, power and authority to enter Into this AsslglliTlant and to assign and convey the Fl&nts to Lender.
No Prior Assignment. Grantor has not Pfevlously assigned or conveyed the Rents to MY other person by atry Instrument now in foro&.
No Further Tr~nsfer. G1antor will flO! sell, assign, encumber, o; otherwise dispose ol any ol Grantor's rijtlts in the R(lfll$ a)(cepl as provldoo In this Asslgnnoent
lENDER'S RIGHT TO RECEIVE AND COLLECT RENTS. Lender shall have the right at ar;y time, and evan though no default shll.ll Mile occurred under this Assignment. to collect and receive the Rants. For this purpose, L.er!OOr Is hweby given and granted the following lights, powers and auth01ir,:
WHEN RECORDED MAll TO: WilshiiJa State Bank Attn.: Note Department 3200 Wllllhire Bi11d. los Angeles. CA 9001 0
SEND TAX NOTICES TO: SANG HWA VI 545 S. MANHATTAN PlACE #19 LOS ANGELES, CA 90020
53tfl-Ot9 -ot1 fl>t8-tJ2f1.-tJ/¢ MODIFICATION OF DEED OF TRUST
FQR RECORDER'S USE ONI. V
THIS MODIFICATION Of DEED Of TRUST dated Fatm..li!ifY 02, 2010, is made and executed between SANG HWA Yl, A SINGLE WOMAN ("Trustor") and Wilshire State Bank, whose address is Commercial finenco Department, 3200 Wilshire Blvd, Los Angeles, CA 90010 (nlendar"l. DEED OF TRUST. Lender and Trustor have entered into a Dead of Trust dated December 23, 2002 !the "Deed of Trust" I which has been recorded in LOS ANGELES County, State of California, as follows:
DEED OF TRVST DATED DECEMBER 23, 2002 AND RECORDED JANUARY 3, 2003 IN THE OFfiCIAl RECORDS OF i..OS ANGElES COUNTY AS INSTRUMENT NO. 03·0015352.
REAL PF!OPEATV DESCRIPTION. Tha Peed of Trust cov\lrs the following described real p1operty !OC!Ited in LOS ANGELES County, Stijfe of California:
PARCEL 1:
lOTS 1. 2 AND THE NORTH 6.67 FEET OF LOT 3 OF THE BAXTER TRACT, IN THE CITY OF LOS ANGELES, COUNTY OF LOS ANGElES, STATE OF CAUFORNIA, AS PER MAP RECORDED IN BOOK 37 PAGElS) 32 OF MISCELLANEOUS RECORDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
PARCEL 2:
LOT 3 OF YOUNG ANO ADAMS TRACT, IN THE CITY OF LOS ANGELES, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 2423 PAGElS) 209 OF DEEDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
The Real Property or its address is commonly known ss 4623-4626 S. FIGUEROA STREET, LOS ANGELES, CA 90037.
MODIFICATION. lender and Trustor hereby modify ~he Deed ot Trust as follows:
THE LOAN TERM IS EXTENDED TO MAY 31, 2014 DUE I 25 YEARS AMORTIZATION WITH CURRENT OUTSTANDING BALANCE OF $66,700.00.
THE FLOOR RATE OF 6.00% IS HEREBY ADDED TO SUBJECT REAL ESTATE TERM lOAN ..
CONTII\ll)ING VALIDITY, Excapt as expre~aly modified above, the terms ot the original Deed ol Trust shall remain unthanged and in full force and eltect. Consent by lender to this Modification does nol waive Lender's right to raquire slrict performance ot the DefJd ol Trust as changed above nor obligate lander to make any future modilicetions. Nothing in this Modification shall constitute a satisfaction of the promisGory note or othm credit agreement secured by tha Deed of Trust llhe "Note"), It is !he in1ention of Lender to retain as liable all parties tn the Deed of Trust end all parties, maker$ and endorsers to the Note, including accommodation parties, unless a party is expressly released by Lender in wtiting. Any maker or endors11r, including accommodation maker$, shall not be relaa$ed by virtue nf this Modltlcatlon. If any parson who signed the original Dead of Trust does not sign this Modification, then all persons signing below acknowledge that this Modification is given conditionally, based on the representation to tender that the non·signlng person con;en!s to the changes and provisions of this Modification or otherwise will not be released by it. This waiver applies not only 10 any initial extension or modification, but also to all such subsequent actions.
TRUSTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS MODIFICATION OF DEED OF TRUST AND TRUSTOR AGREl::S TO ITS TERMS. THIS MODIFICATION OF DEED OF TRUST IS DATED FEBRUARY 02. 2010.
TRUSTOR:
-OUJ -REPUBLIC TITLE. RECORDING REQUESTED BY: WILSHIRE STATE BANK
WHEN RECORDED MAIL TO: WILSHIRE STATE BANK 32.00 WilSHIRE BLVD., 71
H FLOOR lOS ANGELES, CA 90010
l0At3 91850230 ESCROW NO: TITLE ORDER NO:
SPACE ABOVE THIS liNE FOR RECORDER'S USE
SUBORDINATION AGREEMENT
NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE UEN OF SOME OTHER OR LATER SECURITY INSTRUMENT.
THIS AGREEMENT, made fEBRUARY 2, 2010
SANG HWA Yl, A SINGLE WOMAN
owner of the land hereinafter described and hereinafter referred to as "Owner," and
MIRAE BANK (IS NOW PART Of WILSHIRE STAE BANK~
,by
present owner and holder of the dead oi trust and note firn1 hereinafter described and hereinafter referred to as. ~Beneficiary;"
WITNESSETH
THAT WHEREAS, SANG HWA VI, A SfNGLE WOMAN, dld execute a deed of trust, dated FEBRUARY 14, 2003, to OlD REPUBLIC TITLE COMPANY as trustee, covering:
PARCEL 4:
LOTS 1, 2 AND THE NORTH 6.67 FEET OF lOT 3 OF THE BAXTER TRACT, IN THE CITY OF LOS ANGELES, COUNTY OF LOS ANGElES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 37 PAGE(S) 32 OF MISCELLANEOUS RECORDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
PARCEL2:
LOT 3 Of YOUNG AND ADAMS TRACT, IN THE ClTY OF lOS ANGELES, COUNIY OF lOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 2423 PAGE(S} 209 Of DEEDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
to secure a note in the sum of $150,000.00 dated FEBRUARY 14, 2003, in favor of OLD REPUBLIC TITlE COMPANY, which deed of trust was recorded as Instrument No. 03-0472632, on FEBRUARY 19, 2003, in book , page , Official Records of said county; and
WHEREAS, Owner has executed, or is about to execute, a deed of trust and note in the sum of $120,000.00, Dated DECEMBER 23, 2002, .. ~in favor of MJRAE BANK (IS NOW PART OF WILSHIRE STATE BANK), hereinafter referreid to as "lender," payable with !nterest and upon the terms and conditions described therein, which deed of trust is to be recorded concurrently herewith; and*" and recorded on JANUARY 3, 2003 as instrui'T'Ient no #03-0015352
APN:
CLTA SUBORDINATION "A"
EXIDBITB
ASSIGNED INSPECTOR: CLAUDE NUCKOLS Date:.hme 28, 2012 JOB ADDRESS: 4625 SOUTH FIGUEROA STREET, LOS ANGELES, CA, ASSESSORS PARCEL NO. (APN): 5018-029-014 Last Full Title: 05-15-2012 Last Update to Title:
LIST OF OWNERS AND INTERESTED PARTIES
1). SANG HWA YI 803 FOXWORTH A VENUE VALINDA, CA 91744
2). SANG HW A YI 545 S MANHATTANPL#l9 LOS ANGELES, CA 90020-4479
3). Mll<AE BANK NOTE CENTER 2140 WEST OLYMPIC BLVD. LOS ANGELES, CA 90006
Capacity: OWNER
Capacity: OWNER
Capacity: INTERESTED PARTY
RealQuest.com ®-Report
EXI-llBIT C
Property Detail Report For Property Located At ! p 4625 S FIGUEROA ST, LOS ANGELES, CA 90037~3150
Owner Information:
Owner Name: Yl SANG H Mailing Address: 545 S MANHATTAN PL #19, LOS ANGELES CA 90020·4479 C018 Phone Number: Vesting Codes: f I Location Information: Legal Description: YOUNG AND ADAMS TRACT LOT 3 County: LOS ANGELES, CA APN: Census Tract I Block: 2321.20 I 3 Alternate APN: Township-Range-Sect: Subdivision: Legal Book/Page: Map Reference: Legal Lot: 3 Tract #: Legal Block: School District: Market Area: Munic!Township: Neighbor Code: . Owner Transfer Information: Recording/Sale Dale: f Sale Price: Document#: Last Market Sale Information.· Recording/Sale Date: 04/30/1998 I Sale Price: $280,000 Sale Type: FULL Document#: 7266i7 Deed Type: GRANT DEED Transfer Document#: New Construction: Title Company: Lender: COUNTRYWIDE HM LNS INC Seller Name: CLINTON MlCHAEL J Prior Sale Information: Prior Rec/Sale Date: 07/2611983 I Prior Sale Price: $127,000 Prior Doc Number: 849775 Prior Deed Type: DEED (REG) Property Characteristics:
Deed Type: 1st Mtg Document#:
1st Mtg Amount/Type: 1st Mtg Int. Rateflype: 1st Mtg Document#: 2nd Mtg Amount/Type: 2nd Mtg Int. Rate/Type: Price Per SqFt: Multi/Split Sale:
Prior lender: Prior 1 st Mtg Am tiT ype: Prior 1st Mtg Rateflype:
5018-029-014
BAXTER 52~A3 I 674·84
LOS ANGELES
$223,900 f CONV I
$27,950 I CONV I $560.00
YearB~ft/Eff 1963/1963 Total Rooms/Offices:
Garage Area:
Gross Area: 500 Total Restrooms: Garage Capacity: Building Area: 500 RoofType: Parking Spaces:
Tot Adj Area: Roof Material: ROLL COMPOSITION Heat Type:
Above Grade: Construction: Air Cond: #of Stories: 1.00 Foundation: CONCRETE Pool: Other Improvements: Exterior wall:
Basement Area: STUCCO Quality: AVERAGE
Condition: Site Information:
Zoning: LAC2 Acres: 0.21
Lot Area: 9,327 Lot Width/Depth: x Land Use: AUTO SALES Commercial Units: Site Influence: Sewer Type: Tax Information: Total Value: $155,224 Assessed Year: 2011 Land Value: $139,065 Improved%: 10% Improvement Value: $16,159 Tax Year: 2011 Total Taxable Value: $155,224
County Use:
State Use: Water Type: Building Class:
Property Tax: Tax Area: Tax Exemption:
USED CAR SALES (261 0)
$2,325.31 6660
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RealQucst.com ®-Report Page 1 of 1
Comparable Summary For Property Located At
4625 S FIGUEROA ST, LOS ANGELES, CA 90037-3150
1 Comparable(s) found. (Click on the address to view more property information)
!? View Report ~ Configure Display Fields
Summary Statistics For Selected Properties: 1
•••••••••••••••••••••••••••••• mo .§~~t?l::.~ ~~c.>.P~~¥ •••• Sale Price
Bldg/Living Area
Price/Sqft Year Built
:Lot Area
Bedrooms
Bathrooms/Restrooms Stories
Total Value
:Distance From Subject
·= user supplied for search only
$280,000
500
$560.00 1963
9,327
0 0
1.00
$155,224
0.00
Low $555,000
500
$1,110.00
2000
22,620
0 1
0.00
$116,163
22.16
ll' Mod1fy Comparable Search C!'1teria
. . . .. . .... . ..... ......... ~~~~ ~~?-~~Q~ $555,000 $555,000
500 500
$1 '110.00 $1,110.00
2000 2000
22,620 22,620
0 0
1 1
0.00 0.00
$116,163 $116,163
22.16 22.16
. ~l #F Address Sale Price Yr Bit Bed Baths/Restrooms(Full) Last Recording Bld/Uv Lot Area Dist
4625 S FIGUEROA ST $280,000 1963 04/30/1998 500 9,327 0.0
.: Comparables 1 12·151 SAN FERNANDO R.O $555,000 2000 04/10/2012 500 22,620 22.16
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RcalQuesLcom ®- Report
Comparable Sales Report For Property Located At
4625 S FIGUEROA ST, LOS ANGELES, CA 90037-3150
1 Comparable(s) Selected.
Summary Statistics:
Subject Low ................................................................. ··-···"
Sale Price $280,000 $555,000
Bldg/Living Area 500 500
Price/Sqft $560.00 $1,110.00
Year Built 1963 2000
Lot Area 9,327 22,620
Bedrooms 0 0
Bathrooms/Restrooms 0
Stories 1.00 0.00
Total Value $155,224 $116,163
Distance From Subject 0.00 22.16
~= user supplied for search only
High 'n" ~•om • ••-••••••••••
$555,000
500
$1,110.00
2000
22,620
0
0.00
$116,163
22.16
Page 1 of2
Report Date: 06/06/2012
Average ------·-·-·-·-···-~-~----·-······---------·-······
$555,000
500
$1.110.00
2000
22,620
0
0.00
$116,163
22.16
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RealQucst.com ®-Report
Camp#: Address: 12151 SAN FERNANDO RD, SYLMAR, CA 91342 Owner Name: SYLMAR DEV LLC Seller Name: NISSING LIVING TRUST APN: County: Subdivision: Rec Date: Sale Date: Sale Price: Sale Type: Document#: 1st Mtg Amt: Total Value: Land Use:
2611-010-005 LOS ANGELES, CA 1 04/1012012 03/3012012 $555,000 FULL 536836
$116,163 AUTO SALES
Map Reference: 2-D5/481-J6 Census Tract: 1066.4B Zoning: LAC2 Prior Rec Date: Prior Sale Date: Prior Sale Price: Prior Sale Type: Acres: 0.52 Lot Area: 22,620 # of Stories: Park Area/Cap#:
Page 2 of2
Distance From Subject: 22.16 (miles)
Building Area: 500 Total Rooms/Offices: Total Restrooms: 1.00 Yr BuiiUEff: 2000/2000 AirCond: Pool: Roof Mat:
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