HomeMy WebLinkAboutD-2166 Subordination Agreement - MI San Luis Ranch, Deed of Trust Beneficiary - Granite Construction Company - Lessee's ConsentRECORDING REQUESTED BY AND
WHEN RECORDED RETURN TO:
City of San Luis Obispo
Attn: City Clerk
990 Palm Street
San Luis Obispo, CA 9f
6
RECEIVED
0 C T 2 8 2020
PTN APN 053-153-001 (PTN FRMR AFN 067-121-
NO RECORDING FEE — PUBLIC AGENCY — Government Code § 6103
2020050243
Tontrtlyon Gg
San Luis on
- County Clerk -Recorder
09/15/2020 12:20 PA
Recorded at the request of:
PUBLIC
Titles: 1 Pages: 2
Fees: $0.00
Taxes : MgOO
Total: $0.00
1111P"MRlo'E' IW, V03FI11111
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 provisions of the LESSEE'S
CONSENT previously recorded recorded concurrently herewith, and does hereby subordinate
the interests of its DEED OF TRUST to the entire effect of that LESSEE'S CONSENT.
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SIGNED AND EXECUTED this 28th day of August , 2020.
DEED OF TRUST BENEFICIARY
GRANITE CONSTRUCTION COMPANY, a California corporation
By:
Name: Kenneth Olson _
Its: -Vice Pre..sidut--
[Notary Acknowledgement Attached)
BENEFICIARY MUST SIGN STATEMENT.
TRUSTEE CANNOT SIGN ON BEHALF OF BENEFICIARY.
Gr.iniE, Suboidinauion
(09-1l-?0l 1
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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, Notary Public
Date Here Insert Name and Title of the Officer
personally appeared
Kenneth Olson
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/sheRhey executed the same In hls/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.
JENNIFER80WLING
Notary Public _ California
Santa Cruz County_
Commission # 2182065
My Comm, Expires Feb 28, 2021
Place Notary Seat and/or Stomp 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 o al.
Signature,=:L
tore of Notary Public
OPTIONAL
Completing this information can deter alteration of the document or
fraudulent reattachment of this form to an ynigWrided document
MI San Luis Ranch, LLC Owner an ranite Construction mpany (Beneficiary) / PTN APN 053-153-001
Description Of Attached Document (PTN FRMR APN 067-121-022) / Deed of Trust to Lessee's Consent
Title or Type of Document: -Subordination San Luis Obispo, CA
Document Date: N/A Number of Pages: N/A _
Signer(s) Other Than Named Above: N/A
Capeclty(ies) Claimed by Signer(s)
Signer's Name: N/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 — Title(s):
❑ Partner — ❑ Limited ❑ General
❑ Individual ❑ Attorney In Fact
❑ Trustee ❑ Guardian of Conservator
❑ Other:
Signer Is Representing:
END OF DOCUMENT