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HomeMy WebLinkAboutD-2155 Subordination Agreement- MI San Luis Ranch, Deed of Trust Beneficiary - Granite Construction Company - Master Declaration2020050232 RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: City of San Luis Obispo Attn: City Clerk 990 Palm Street San Luis Obispo, CA 91 RECEIVED OCT 2 8 2020 Tommy Gong San Luis Obispo - County Clerk -Recorder 09/IS/2020 12:20 PM Recorded at the request of: PUBLIC Titles: 1 Pages: 2 Fees: $0.00 Taxes: 0.00 Total: 10.00 1111 IRh1R� PTN APN 053-153-001 (PTN Space above this line for Recorder's Use NO RECORDING FEE - PUBLIC AGENCY - Government Code § 6103 SUBORDINATION AGREEMENT NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME OTHER OR LATER SECURITY INSTRUMENT. (THIS NOTICE REQUIRED BY CALIFORNIA CIVIL CODE SECTION 2953.3.) The undersigned, beneficiary under that certain DEED OF TRUST, SECURITY AGREEMENT, ASSIGNMENT OF RENTS AND FINANCING STATEMENT dated July 22, 2019, between MI SAN LUIS RANCH, LLC, a Delaware limited liability company ("Owner"), whose mailing address is POST OFFICE BOX 3460, SAN LUIS OBISPO, CA 93403-3460; and GRANITE CONSTRUCTION COMPANY, a California corporation ("Beneficiary"), whose mailing address is POST OFFICE BOX 50085, WATSONVILLE, CA 95077-5085 for Real Property located at 1035 MADONNA ROAD, SAN LUIS OBISPO, CALIFORNIA, recorded September 5, 2019, as Document No. 2019-037382, in the Official Records of the County of San Luis Obispo, State of California, does hereby consent to each and all of the terms and provisions of the MASTER DECLARATION OF RESTRICTIONS FOR SAN LUIS RANCH previously recorded or ./ recorded concurrently herewith, and does hereby subordinate the interests of its DEED OF TRUST to the entire effect of that MASTER DECLARATION OF RESTRICTIONS FOR SAN LUIS RANCH. -)K- pocumeyjt no. 2000#o," '50 SIGNED AND EXECUTED this 28th day of August _ , 2020. DEED OF TRUST BENEFICIARY GRANITE CONSTRUCTION CO PANY, a California corporation By: Name: __Kenneth .01&on - Its: V7jce President [Notary Acknowledgement Attached.] BENEFICIARY MUST SIGN STATEMENT. TRUSTEE CANNOT SIGN ON BEHALF OF BENEFICIARY. Granite Subonlination (09-1 /-20191 p -_ -LI SS CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189 #13 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 Santa Cruz On August 28, 2020 before me, Jennifer Bowling, Notaly Public Date Here Insert Name and Title of the Officer personally appeared Kenneth Olson Nome(s) of Signer(s) 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. JENNIFER BOWLING NotaryPublic- California Santa Cruz County Commission # 2182065 My Comm. Expires Feb 28, 2021 Place Notary Seal and/or Stamp Above I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph Is true and correct. WITNESS my hand and Signature OPTIONAL of Notary Public Completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended documen . MI San Luis Ranch, LLC (Owner) and Granite Construction mpany (Beneficiary) / PTN APN 053-153-001 Description of Attached Document (PTN FRMR APN 067-121-022) / Deed of Trust to Master Declaration of Restrictions for S ul Luis Ranch Title or Type of Document: _ ' San Luis Db;s a, CA Document Date: N/A Number of Pages: N/A Signer(s) Other Than Named Above: N/A Capecity(ies) Claimed by Signer(s) Signer's Name: A ❑ Corporate Officer — Tltle(s):._ ❑ Partner — ❑ Limited ❑ General ❑ Individual ❑ Attorney In Fact ❑ Trustee ❑ Guardian of Conservator ❑ Other: Signer is Representing: Signer's Name: N/A ❑ Corporate Officer — Title(s):._. ❑ Partner — ❑ Limited ❑ General ❑ Individual ❑ Attorney In Fact ❑ Trustee ❑ Guardian of Conservator ❑ Other: Signer Is Representing: ___ _ 1'aes;%z4sr��;ii=f��'C�s3:�a.�:{��s��=w;•SFtiSp�}Y�'r?�`As4tsr?7tY].Y'i{sC.i'tiSii4'7�SarisSsi?•._c�fb%$i�s���'�#�dif4��ii�E€��F�isl��)51�If� ©2017 National Notary Association END OF DOCUMENT