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HomeMy WebLinkAboutD-2171 Subordination Agreement - MI San Luis Ranch, Deed of Trust Beneficiary - Granite Construction Company - Notice of Requirements Tract 3150RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: City of San Luis Obispo Attn: City Clerk 990 Palm Street San Luis Obispo, CA 93401� RECEI\/T' Pf- r 04 2020 -; ...0 CITY CLERK Tommy Gong San Luis Obispo — County Clerk —Recorder 11/10/2020 01:21 PM Recorded at the request of: PUBLIC Titles: 1 Pages: 2 Fees: $0.00 Taxes: 0.00 Total: 0.00 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 consent to each and all of the terms and provisions of the NOTICE OF REQUIREMENTS TRACT 3150 previously recorded Document No. ZD20-0&4 7625 and does hereby subordinate the interests of its DEED OF TRUST to the entire effect of that NOTICE OF REQUIREMENTS TRACT 3150. SIGNED AND EXECUTED this &%ay of Oc- 74 y e- --- , 2020. DEED OF TRUST BENEFICIARY GRANITE CONSTRUCTION COMPANY, a California corporation 11. Name: e ,-- -e— `j-L . ❑ /SC -� Its: vp C--- r �•. r F. �-e 4— [Notary Acknowledgement Attached.] BENEFICIARY MUST SIGN STATEMENT. TRUSTEE CANNOT SIGN ON BEHALF OF BENEFICIARY. 109-1l-?0/9, CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE 5 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 y County of Santa Cruz J} On October 29 2020 before me, Jennifer Bowling,Notafy Public Date Here Insert Name and Title of the Officer personally appeared Kenneth B. 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 capaclty(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 z Santa Cruz County Cornmission 4 2182065 " My Cornm, 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 official seal. Signature OPTIONAL Public Completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Notice of Requirements Tract 3150 / Owner: MI San Luis Ranch, LLC / Beneficiary: Gra Description of Attached Document Company Title or Type of Document: Subordilaation Agreement Document Date: N/A Number of Pages: N/A _ Signer(s) Other Than Named Above: N/A Copeclty(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: NIA ❑ Corporate Officer — Tltle(s): ❑ Partner — ❑ Limited ❑ General ❑ Individual ❑ Attorney In Fact ❑ Trustee ❑ Guardian of Conservator ❑ Other: Signer Is Representing: Construction