HomeMy WebLinkAboutD-2164 Subordination Agreement - MI San Luis Ranch, Deed of Trust Beneficiary - Granite Construction Company - Consent to Temporary Access Terms2020050241
RECORDING REQUESTED BY AND
WHEN RECORDED RETURN TO:
City of San Luis Obispo
Attn: City Clerk
990 Palm Street
San Luis Obispo, CA 93
0
RECEIVED
O C T 2 8 2020
Tommy Gong
San Luis Obispo - 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:000 II
1111WRIPWAP100
., 1III
PTN APN 053-153-001 (PTN FRMR APN 067-12i -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 onsent to each anCall of the terms and provisions of the TEMPORARY
ACCESS LICENSE previously recorded -Sr recorded concurrently herewith, and does hereby
subordinate the interests of its DEED OF TRUST to the entire effect of that TEMPORARY
ACCESS LICENSE. --,� PocUMe_yl+ rio, ZoZ004-956aO
SIGNED AND EXECUTED this 28th day of August , 2020.
DEED OF TRUST BENEFICIARY
GRANITE CO S RUCTION CO PANY, a California corporation
By:
Name: Kenneth Olson
Its: Vice President
[Notary Acknowledgement Attached.]
BENEFICIARY MUST SIGN STATEMENT.
TRUSTEE CANNOT SIGN ON BEHALF OF BENEFICIARY.
Gruiit. Subordinmion
l09-11-20191
Ci -2—1 coo
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
Jra�.
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 Bowlin&-Notga 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/sheAhey 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.
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 al.
7
Signature
nature of Notary Public
OPTIONAL -
Completing this information can deter alteration of the document or
fraudulent reattachment of this form t� an tjnigtcgnded documeni.
MI San Luis Ranch, LLC Owner an ranite Construction ompany (Beneficiary) / V
Description of Attached Document (PTN FRMR APN 067-121-022) / Deed of Trust to Temporary Access License
Title or Type of Document: -Subordination a San Luis Obispo, CA
Document Date: N/A Number of Pages: N/A _
Signer(s) Other Than Named Above: N/A
Capaclty(ies) Claimed by Signer(s)
Signer's Name: NIA
❑ Corporate Officer — Tltle(s):
❑ Partner — ❑ Limited ❑ General
❑ Individual ❑ Attorney In Fact
❑ Trustee ❑ Guardian of Conservator
❑ Other:
Signer is Representing:
02017 NatlonaI 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:
PN 053-153-001
END OF DOCUMENT