HomeMy WebLinkAboutD-2161 Subordination Agreement - MI San Luis Ranch, Deed of Trust Beneficiary - Granite Construction Company - Consent to Restrictive Covenant Affecting Real PropertyRECORDING REQUESTED BY AND
WHEN RECORDED RETURN TO:
City of San Luis Obispo
Attn: City Clerk
990 Palm Street
San Luis Obispo, CA 9:3
RECEIVED
OCT 2 8 2020
PTN APN 053-153-001 (PTN FR'9� ) --y" v"
NO RECORDING FEE — PUBLIC AGENCY — Government Code § 6103
2020050238
Tommy Gong
83115/2020e12p20 PCounty Clerk -Recorder
Recorded at the request of:
PUBLIC
Titles: 1 Pages: 2
Pees: $0.00
Taxes: $0.00
Total: $0.00
11119FIS'EVOP-mullNI
SUBORDINATION AGREEMENT
Space above this line for Recorder's Use
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 provisi 1s of the RESTRICTIVE
COVENANT AFFECTING REAL PROPERTY previously recorded r recorded concurrently
herewith, and does hereby subordinate the interests of its DEED OF TRUST to the entire effect of
that RESTRICTIVE COVENANT AFFECTING REAL PROPERTY.
* Pocumen-t-ho. ZOZ0049557
SIGNED AND EXECUTED this 28th day of August , 2020.
DEED OF TRUST BENEFICIARY
GRANITE CONSTRUCTION CO PANY, a California corporation
By: 47��
Name: Kenneth Olson
Its: Vice President _
[Notary Acknowledgement Attached.]
BENEFICIARY MUST SIGN STATEMENT.
TRUSTEE CANNOT SIGN ON BEHALF OF BENEFICIARY.
Granite Subordination
109-11-1019i
9ZtG(
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189
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, Notga Public
Date Here Insert Name and Title of the Officer
personally appeared
Kenneth 0[Son
Name(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.
JENNIFE♦7 80WLING
Notary Public -California
ry _ Santa Cruz County t
Commission # 2182065
0/1 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
Signature
OPTIONAL
of Notary Public
Completing this information can deter alteration of the document or
fraudulent reattachment of this form tq an nl//�t ndei� ciocumen .
MI San Luis Ranch, LLC (Owner and �TAn1ls Cvnstrucitanmpany (Beneficiary) / P
Description of Attached Document (PTN FRMR APN 067-121-022) / Deed of Trust to Restrictive Covenant Affecting Real I
Title or Type of Document: Subordijjitimi Agrefmcm San Luis Obispo, CA
Document Date: N/A Number of Pages: N/A
Signer(s) Other Than Named Above: N/A
Capacity(ies) Claimed by Signer(s)
Signer's Name: X/A
❑ Corporate Officer — Title(s):
❑ Partner — ❑ Limited ❑ General
❑ Individual ❑ Attorney In Fact
❑ Trustee ❑ Guardian of Conservator
❑ Other:
Signer Is Representing:
02017 National Notary Association
Signer's Name: N/A
❑ Corporate Officer — Tltle(s): .
❑ Partner — ❑ Limited ❑ General
❑ Individual ❑ Attorney In Fact
❑ Trustee ❑ Guardian of Conservator
❑ Other: _
Signer Is Representing:
053-153-001
END OF DOCUMENT