HomeMy WebLinkAboutD-2169 Subordination Agreement - MI San Luis Ranch, Deed of Trust Beneficiary - Granite Construction Company - Private Improvement Encroachment Agreement2020050246
Tommy Gong
San Luis Obispo - County Clerk -Recorder
RECORDING REQUESTED BY AND 09/15/2020 12:20 PM
Recorded at the request of:
WHEN RECORDED RETURN TO: PUBLIC
Titles: 1 Pages: 2
City of San Luis Obispo Fees: $0.00
Attn: City Clerk Taxes: 0.00
Total: �0.00
990 Palm Street=RECEIVED
San Luis Obispo, CA 93
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 consent to each and all of the terms and provisions of the PRIVATE
IMPROVEMENT ENCROACHMENT AGREEMENT previoukly, recorded*'or recorded
concurrently herewith, and does hereby subordinate the interests of its DEED OF TRUST to the
entire effect of that PRIVATE IMPROVEMENT ENCROACHMENT AGREEMENT.
* DoCuWen-�- /Io. 202004-0156,5
SIGNED AND EXECUTED this 28th day of August , 2020.
DEED OF TRUST BENEFICIARY
GRANITE CONS RUCTION CO ANY, a California corporation
By: _a7m,_
Name: Kenneth Off__
Its: __ Vire President
[Notary Acknowledgement Attached]
BENEFICIARY MUST SIGN STATEMENT.
TRUSTEE CANNOT SIGN ON BEHALF OF BENEFICIARY.
Granite Subordination
09-1 l -2019)
9 Zl(09(
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
CIVIL CODE § 1189
A notarypublic 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, lennifer Bowling, Notga 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 hls/her/their
authorized capecity(les), and that by his/her/thelr signature(s) on the instrument the person(s), or the entity
upon behalf of which the person(s) acted, executed the Instrument.
- - A dk A � A f
JENNIFER BOWLING
l` 4 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 unigtpndectdocument.
MI San Luis Ranch, LLC Owner) an ramte nstruction Company (Beneficiary) / P7
Description of Attached Doeument(PTN FRMR APN 067-121-022) / Deed of Trust to Private Improvement Encroachment
Title or Type of Document: Suhnrdinatinn Agreement 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 - Tltle(s):
❑ Partner - ❑ Limited ❑ General
❑ Individual ❑ Attorney In Fact
❑ Trustee ❑ Guardian of Conservator
❑ Other:
L!Igner 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:
053-153-001
END OF DOCUMENT