HomeMy WebLinkAboutD-2160 Subordination Agreement - MI San Luis Ranch, Deed of Trust Beneficiary - Granite Construction Company - Consent to Park Access License Agreement terms2020050237
RECORDING REQUESTED BY AND
WHEN RECORDED RETURN TO:
City of San Luis Obispo
Attn: City Clerk RECEIVED
990 Palm Street
San Luis Obispo, CA 93401
O C T 2 8 2020
SLO CITY CLERK
Tammy Gong
San Luis a spo - County Clerk -Recorder
09/15/2020 12:20 PM
Recorded at the request of:
PUBLIC
Titles: 1 Pages: 2
Fees: $0.00
Taxes: 0.00
Total: 10.00
PTN APN 053-153-001 (PTN FRMR APN 067-121-022) 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 consen t a each and all of the terms and provisions of the PARK ACCESS
LICENSE previously r( [r recorded concurrently herewith, and does hereby subordinate
the interests of its DEED OF TRUST to the entire effect of that PARK ACCESS LICENSE.
-* Dc.,_-ume-t-J— no. 2_0z004P1555
SIGNED AND EXECUTED this 28th day of August , 2020.
DEED OF TRUST BENEFICIARY
GRANITE CON TRUCTION COMPANY, a California corporation
By: _T_
Name: Kenneth Olson
Its: Vice PrgAdent.
[Notary Acknowledgement Attached]
BENEFICIARY MUST SIGN STATEMENT.
TRUSTEE CANNOT SIGN ON BEHALF OF BENEFICIARY.
Granite Subordination
109-1 2019i
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189
A notary public or other officer completing this certificate verifies only the identity of the indlvidual 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/she/they executed the same In his/her/their
authorized capacity(les), 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
)ENNtFER BOWLING
NotaryPublic-California
*-Snta Cruz County
OEM��
Place Notary Seol 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 t� an t fnigtended document.
MI San Luis Ranch, LLC Owner an Granite Construction Company (Beneficiary) / PTN Al'N 053-153-001
Description of Attached Document (PTN FRMR APN 067-121-022) / Deed of Trust to Park Access License
Title or Type of Document: Subordinatinn AgreerneUt San Luis Obispo, CA
Document Date:
Signer(s) Other Than Named Above:
Capaclty(ies) Claimed by Signer(s)
Signer's Name: __N_IA _
❑ Corporate Officer — Title(s):
❑ Partner — ❑ Limited ❑ General
❑ Individual ❑ Attorney In Fact
❑ Trustee ❑ Guardian of Conservator
❑ Other:
Signer is Representing:
-------------------
02017 National Notary Association
Number of Pages: N/A •_
Signer's Name: NIA
❑ Corporate Officer — Tltle(s):
❑ Partner — ❑ Limited ❑ General
❑ Individual ❑ Attorney In Fact
❑ Trustee ❑ Guardian of Conservator
❑ Other: _
Signer Is Representing:
END OF DOCUMENT