HomeMy WebLinkAboutD-2173 Subordination Agreement - MI San Luis Ranch, Deed of Trust Beneficiary - Granite Construction Company - Private Stormwater systemRECORDING REQUESTED BY AND
WHEN RECORDED RETURN TO:
City of San Luis Obispo RECEIVE[)
Attn: City Clerk
990 Palm Street DEC 04 2020
San Luis Obispo, CA 9340
SLO 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
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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 STANDARD PRIVATE STORMWATER CONVEYANCE SYSTEM
MANAGEMENT AND MAINTENANCE AGREEMENT previously recorded Document No.
Z 0 20 - 042$76 4 , and does hereby subordinate the
interests of its DEED OF TRUST to the entire effect of that STANDARD PRIVATE STORMWATER
CONVEYANCE SYSTEM MANAGEMENT AND MAINTENANCE AGREEMENT.
SIGNED AND EXECUTED this P'Nay of dt; '1-tv b e , , 2020.
DEED OF TRUST BENEFICIARY
GRANITE CONSTRUCTION COMPANY, a California corporation
Name: Ps-e- 7-t-, 15�
Its: Vfl a•--.
[Notary Acknowledgement Attached.]
BENEFICIARY MUST SIGN STATEMENT.
TRUSTEE CANNOT SIGN ON BEHALF OF BENEFICIARY.
Grinii� �uhur_linauun
,09-11-2W`/1
P 2k-73
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 October 29 020 before me, Jennifer Bowling, Notaa 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/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
NotaryPublir.- California z
5 tiT-. Santa Cruz County
} , Commission k 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 offlclal seal.
Signature
e of Notary Public
OPTIONAL
Completing this information can deter alteration of the document or
fraudulent reattachment of this form to an unintended document.
Standard Private Stormwater Conveyance System Management & Maintenance Agrec•mrn
Description of Attached Document
Luis Ranch, LLC / Beneficiary: Granite Construction Company
Title or Type of Document: Su Ordination Agreement
Document Date: N/A Number of Pages: N/A _
Signer(s) Other Than Named Above: N/A
Capacity(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:
Signer is Representing: _
Fjk
02017 National Notary Association
Signer's Name: N/A
❑ Corporate Officer — Tltle(s):._
❑ Partner — ❑ Limited ❑ General
❑ Individual ❑ Attorney In Fact
❑ Trustee ❑ Guardian of Conservator
❑ Other:
Signer Is Representing: _ _
/ Owner: MI San
END OF DOCUMENT