HomeMy WebLinkAbout1984-04-17; City Council; 7133-1; Acceptance of deed of trustGIT" F CARLSBAD - AGENDA ILL
AB#.
MTfi 4/17/84
PERT. RE D
TITLE'"ACCEPTANCE OF DEED OF TRUST AND
PROMISSORY NOTE FOR TYLER PROPERTIES,
LTD. SENIOR HOUSING PROJECT
DEPT.
CITY ATTY
CITY
MJE&
CLU
occa.
o
RECOMMENDED ACTION:
It is recommended that the City Council accept the Deed of Trust
and Promissory Note from Tyler Properties, Ltd. as conditioned
in the Senior Housing Ordinance.
ITEM EXPLANATION: J? / ^
On August 24, 1982, the City Council approved CUP(27JJ, a permit to
construct a 75 unit senior citizen housing projector 3363 Tyler
Street. Pursuant to the provisions of the Senior Housing Ordinance,
Section 21.18.045, the applicant is permitted to increase the
density to 63.5 du/ac and reduce the required parking from 115
spaces to 25 spaces.
It is also provisioned that if a developer wishes to take advantage
of these special standards contained in the ordinance, the
developer, as a condition of approval, shall grant the City an
equity position in the project. This equity is secured by a
second trust deed conveyed to the City by the developer. This
Deed of Trust is held by the City to assure that the project is
constructed, operated and maintained in accordance with the Senior
Housing Ordinance and the conditional use permit.
The developer has provided the City with the proper documentation
to satisfy the equity condition of the ordinance. The City Council
is asked to accept the Deed of Trust in the amount of $152,860
and promissory note from the applicant, Tyler Properties, Ltd.
FISCAL IMPACT:
There will be no fiscal impact resulting from this action.
EXHIBITS:
1 - Tyler Properties, Ltd. Deed of Trust
2 - Promissory Note
r
RECORDING REQUESTED BY
' City Clerk
City of Carlsbad
AND WHEN ACCORDED MAIL TO
City Clerk
1200 Elm Avenue
SSL Carlsbad, CA 92008
Ci«r* . ,»" L J
SHORT FORM DEED OF TRUST AND ASSIGNMENT OF RENTS (PARTNERSHIP)
A. P.M.
SUBOR
This Deed of Trust, made this 26th
TYLER PROPERTIES, LTD., a L
X 1QH&8SK
TRUSTOR,
whose address is 450 Serpentine Dr
(number and st
Title Insurance and Trust Company , a Cali
THE CITY OF CARLSBAD
Witnesseth: Thai Trustor IRREVOCABLY CRA
that property in the City of Carlsb
See Exhibit "A" attached he
See Exhibit "B" attached he
additional provisions to th
TOGETHER WITH the rents, issues and profits thereofupon Beneficiary by paragraph ( 10) of the provisions i
For the Purpose of Securing: |. Performance of eac
of the indebtedness evidenced by one promissory note
of J 152 , 860 . 00 ,««.|lt«.H hy Trnoor in favor
said property hereafter may borrow from Beneficiary, w
To Protect the Security of This Deed of Trust, 1
note secured hereby, that provisions ( 1 ) to ( 14), inclusiCounty October IN. 1961, and in all other counties Octccounty recorder of the county where said properly is lo<
COUNTY BOOK PAGE COUNTY B<
Alom.do 435 M4 Kings
Alpin* 1 150 Lok*
Amodor 104 34S lo.l.n
ttitt* 1145 1 Lo»An9.l.» T*
Colov.ro. 145 152 Modern
Coluto 296 617 Mann 1
Centra Cmta 3971 47 Maripota
DolNort* 78 414 NUndocino
El Dorado 568 456 M.rc«d 1.
Fr..no 4626 572 Modoc
Gtonn 422 184 Mono
Humboldt W7 527 Mont.r.y 2
Imperial 1091 501 Nopo <
Inyo 147 59* Nevada !
K*rn 3427 M Orang* 51
1 which provisions, identical in all rounlies. arc printed v
hereof as fully as though set forth In- rein at length; thai
obligations, and parlies in said provisions shall be const
The undersigned Trustor requests that a cup) uf any *
hereinbefore set forth.
STATE OF CALI FORN I A |
rnuNTvnF SAN DIEGO f
on March at. 1984 Mnrf mr
signed, a Notary Public in and for said State, personal
r\\VtovA t .,W.*T-le_
DINATED DEED OF TRUST
day of March, 1984 .between
imited Partnership
jSforganized under the laws of the State ofCalifornia t herein called
ive, Del Mar, California 92014
reel) (city) (state) (zip)
fornia corporation, herein called TRUSTEE, and
, herein called BENEFICIARY,
NTS, TRANSFERS AND ASSIGNS to TRUSTEE IN TRUST, WITH POWER OF SALE,
ad, San DiegO County, California, described as :
reto for Legal Description.
reto and incorporated herein for
is Deed of Trust
, SUBJECT, HOWEVER, to the right, power and authority given lo and conferred
ncorporated herein by reference to collect and apply such rents, issues and profit v
h agreement of Trustor incorporated by reference or contained herein. 2. Payment
of even date herewith, and any extension or renewal thereof, in the principal sum
of Beneficiary or order. 3. Payment of such further sums as the then record owner of
len evidenced by another note (or notes) reciting it is so secured.
>ustor Agrees : By the execution and delivery of this Deed of Trust and theve. of the fictitious deed of trust recorded in Santa Barbara County and Sonoma
)ber 23, 1961, in the book and at the page of Official Records in the office of the
jated, noted below opposite the name of such county, viz.:
3OK PAGE COUNTY BOOK PACE COUNTY BOOK PAGE
'97 833 Plonr 895 301 Swrro 29 . 335
162 39 Plumot 151 5 Si.kiyou 468 181
171 471 Kivcrtidt 3005 523 Solono 1105 182
355 899 Sacramento 4331 62 Sonomo 1851 689
110 170 SonBcnho 271 383 Slonitloui 1715 456
K»8 339 Son Bernardino 5567 61 Sutttr 572 297
77 292 SonFrancitco A332 905 T.homo 401 289
(79 530 SonJooquin 2470 311 Trinity 93 366
547 538 Son Luii Obiipo 1151 12 Tulor. 2294 275
84 851 SanMotoe 4078 420 Tuolumn. 135 47
52 429 Santa Barbara 1878 860 V.nfuro 2062 386
94 538 Santa Clara 5336 341 Yolo 653 245
139 86 Santa Crui 1431 494 Yuba 334 486
105 320 Shaita 684 528
189 611 SanDi*go S*ri*t 2 Book 1961. Pag* 183887
n thf ri-vrrse hereof) hrreby arr adopted ami incorporated herein and made a pan
he will observe and perform said provision-; and thai ihe referenci-. !o properly,
rued in refer lo ihe properly, obligalionv. and parlii— set furlh in ihU Denl o( TruM.
Police of Default and of any Notite of Sale hereunder be mailed to him at hi* address
SiKiiulure of Trustor
SS TYLER PROPERTIES, LTD. a
the under- Limited Partnership
v aoneared TM/^L, K r/j^^fce ^ Ll e{
n-ir • ^LJJ -i r ^' I- jtin~~">y • t fotw ~v\ u- _^LA>-e**-'t/t{^ r/' l
, known to me
•0 hf ()rv>£_ of Ihe partners of 1
ship that executed the within Instrument, and acknowle
that such partnership executed the same.
WITNESS my hand and official seal.
Sijn-tnr, C^Wl M, f^Cl J \M^
Title Order No
Escrow or I roan No
he partner-
dged to me
fr/&3~^ 0:.:,,-\"~SEAL^^fix •-."=• *•-'• .,_""Tk:/rOA--ER 5i* , ' -*" — • • - - - •. •-, •-,,'-.'. (t ur-,f^!A y
Ik' , ' ^ ' • -' - - : -' '-.\jU(\ i V I ;
,' - • ' - . , ( • '•-. • . 6 : U • \Irr-r-r---- r>r ••••i;-"-r-r-^-=-3o-r-='3;
V
(This area far ofticiaf notarial scaf)
TO 1840 C» (1-761 (OPEN END)
EXHIBIT "A1
PARCEL 1:
THE SOUTHWESTERLY 106 FEET OF LOT 9 OF INDUSTRIAL TRACT IN THE
CITY OF CARLSBAD, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA,
ACCORDING TO MAP THEREOF NO. 1743, FILED IN THE OFFICE OF THE COUNTY
RECORDER OF SAN DIEGO COUNTY, JANUARY 3, 1923. EXCEPTING THEREFROM
THE NORTHWESTERLY 69.0 FEET THEREOF, THE SOUTHEASTERLY LINE OF SAID
NORTHWESTERLY 69.0 FEET.BE ING DRAWN PARALLEL WITH AND DISTANT 69.0
FEET AT RIGHT ANGLES FROM THE NORTHWESTERLY LINE OF SAID LOT NO. 9
ALSO EXCEPTING FROM THE SAID LOT 9, THE SOUTHWESTERLY 61.0 FEET OF
THE SOUTHWESTERLY 69.10 FEET.
PARCEL 2:
THE SOUTHWESTERLY 61.0 FEET OF THE SOUTHEASTERLY 69.10 FEET OF
LOT NO. 9 OF INDUSTRIAL TRACT, IN THE CITY OF CARLSBAD, ACCORDING
TO MAP THEREOF NO. 1743, FILED IN THE OFFICE OF THE COUNTY RECORDER
OF SAN DIEGO COUNTY, JANUARY 3, 1923.
PARCEL 3:
AN EASEMENT AND RIGHT OF WAY FOR INGRESS AND EGRESS AND ALL PUBLIC
UTILITY PURPOSES OVER, UNDER AND ACROSS THE SOUTHEASTERLY 20 FEET OF
THE NORTHWESTERLY 79.0 FEET. (SAID DISTANCE BEING MEASURED AT RIGHT
ANGLES) OF LOT 9 OF INDUSTRIAL TRACT, IN THE CITY OF CARLSBAD,
ACCORDING TO MAP THEREOF NO. 1743, FILED IN THE OFFICE OF THE COUNTY
RECORDER OF SAN DIEGO COUNTY, JANUARY 3, 1923. EXCEPTING THEREFROM
THAT PORTION LYING WITHIN PARCEL 1 AND 2 HEREIN DESCRIBED.
PARCEL 4:
LOT 10 OF INDUSTRIAL TRACT, IN THE CITY OF CARLSBAD, COUNTY OF SAN
DIEGO, STATE OF CALIFORNIA, ACCORDING TO MAP THEREOF NO. 1743
FILED IN THE OFFICE OF THE COUNTY RECORDER OF SAID DIEGO COUNTY
JANUARY 3, 1923.
\
EXHIBIT "B"
ADDITIONAL PROVISIONS TO SUBORDINATED DEED OF TRUST
This deed of trust is given to the City of Carlsbad
pursuant to Section 21.18.045 of the Carlsbad Municipal Code
to insure that the maker hereof constructs, operates and
maintains the property described in the deed of trust
secured hereby as a Senior Citizens Housing Project in
accordance with the requirements of said Section and Con-
ditional Use Permit 217, or if not so constructed, operated
and maintained, that the property is brought up to the
standards of the approved conversion plan pursuant to CUP
217 or any other conversion plan approved by the City of
Carlsbad.
No payment shall be required on the note secured by
this deed of trust except as follows:
1. If the Council of the City of Carlsbad or any
successor thereto determines that the property is being
operated or maintained in violation of any of the terms of
said Section 21.18.045 or said Conditional Use Permit 217,
or used for other than a Senior Citizens Housing Project
without the consent of the City Council, the City Council
may declare the whole sum of principal and any accrued
interest thereon immediately due and payable. The maker
hereof shall then have the option to elect to pay said
principal and accrued interest in full or within a reason-
able time thereafter to convert the project to meet the
approved conversion plan pursuant to CUP 217 or any other
conversion plan approved by the City of Carlsbad. Upon said
payment in full or conversion of the project to the approved
conversion plan pursuant to CUP 217 or any other conversion
plan approved by the City of Carlsbad, the City of Carlsbad
shall return the note to the maker and reconvey the lien of
this deed of trust.
2. The entire principal and accrued interest thereon
shall become immediately due and payable at the option of
the City of Carlsbad in the event that upon the sale, con-
veyance or other disposition of the property described in
the deed of trust securing the note, the buyer fails to
agree in writing to accept and abide by all the terms and
provisions of the promissory note.
The maker hereof shall have the right at any time to
prepay all or any part of the note or to elect to convert
the property to meet the approved conversion plan pursuant
to CUP 217 or any other conversion plan approved by the City
of Carlsbad. Upon payment in full or such conversion of the
property, the note shall be cancelled and the lien of the
deed of this deed of trust shall be reconveyed.
This note is given solely to conform with the provis-
ions of said Section 21.18.045 of the Carlsbad Municipal
Code and neither the maker nor any partner, officer, agent
or employee of the maker shall have personal liability for
payment of the note. The holder thereof shall look only to
its interest in the property described in this deed of
trust.
VI
Pursuant to said Section 21.18.045, this deed of trust
shall be subordinated and subject to any first deeds of
trust to be executed by Trustor or his successor in interest
concurrently herewith or at any time hereafter to secure
loans called "construction loans," "permanent loans" or any
other form of loan, refinancing, additional financing, or
promissory note given by the purchaser of the property on
condition that:
(1) This deed of trust shall be subordinated to
only a first and a second deed of trust and
no additional junior financing;
(2) The loan to which this deed of trust is to be
subordinated shall not exceed ninety percent
(90%) of the fair market value of the property
at the time of subordination;
(3) The proceeds of any such loan, financing or
refinancing may be used to pay loan fees,
interest or other charges in connection with
making of said loan and any excess may be re-
tained by the Trustor or his successor in in-
terest so long as the other provisions of this
subordination clause have been satisfied.
This Deed of Trust is specifically made subject and subordin-
ate to that certain Deed of Trust dated March 26, ,
1984 , executed by TYLER PROPERTIES, LTD., a Limited Partner-
shlp, in which The City of Carlsbad
is named as Beneficiary and Title Insurance and Trust Company
as Trustee, which is being recorded concurrently herewith.
THE CITY OF CARLSBAD TYLER PROPERTIES, LTD.
Limited Partnership
By:
MARY H. CASLER, Mayor
By:"<_•
Its
CAT. NO. NN00630
TO 1946 CA (7-82)
(Partnership)
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO ss.
TTrUE INSURANCE
ANDTRUST
ATKDM OOMfWNY
On March 1984
said State, personally appeared
rf before
(Mt&cnJL
e, the undersigned, a Notary Public in and for
, personally known to me or
proved to me on the basis of satisfactory evidence to be
the person who executed the within instrument as
f>l\fe- of the partners of the partnership
that executed the within instrument, and acknowledged
to me that such partnership executed the same.
WITNESS my hand and official seal.
Signature
.".:•'•- (i" '.'•'•'• !•
(This area for official notarial seal)
PROMISSORY NOTE
$152,860.00 Harch 26th, 1984
Carlsbad, California
FOR VALUE RECEIVED, the undersigned promises to pay to
the City of Carlsbad at Carlsbad, California, the sum of
$152,860.00 with interest at the rate of ten percent
(10%) per annum simple interest until paid or cancelled as
herein provided.
This note is given to the City of Carlsbad pursuant to
Section 21.18.045 of the Carlsbad Municipal Code to insure
that the maker hereof constructs, operates and maintains the
property described in the deed of trust secured hereby as a
Senior Citizen Housing Project in accordance with the re-
quirements of said Section and Conditional Use Permit 217,
of if not so constructed, operated and maintained, that the
property is brought up to the standards of the approved
conversion plan pursuant to CUP 217 or any other conversion
plan approved by the City of Carlsbad.
No payment shall be required on this note except as
follows:
1. If the Council of the City of Carlsbad or any
successor thereto determines that the property is being
operated or maintained in violation of any of the terms of
said Section 21.18.045 or said Conditional Use Permit 217,
or used for other than a Senior Citizens Housing Project
without the consent of the City Council, the City Council
may declare the whole sum of principal and any accrued in-
terest thereon immediately due and payable. The maker
hereof shall then have the option to elect to pay said
principal and accrued interest in full or within a rea-
sonable time thereafter to convert the project to meet the
approved conversion plan pursuant to CUP 217 or any other
conversion plan approved by the City of Carlsbad. Upon said
payment in full or conversion of the project to the approved
conversion plan pursuant to CUP 217 or any other conversion
plan approved by the City of Carlsbad, the City of Carlsbad
shall return this note to the maker and reconvey the lien of
the deed of trust securing this note.
2. The entire principal and accrued interest thereon
shall become immeditely due and payable at the option of the
City of Carlsbad in the event that upon the sale, conveyance
or other disposition of the property described in the deed
of trust securing this note, the buyer fails to agree in
writing to accept and abide by all the terms and provisions
of this promissory note.
The maker hereof shall have the right at any time to
prepay all or any part of this note or to elect to convert
the property to meet the approved conversion plan pursuant
to CUP 217 or any other conversion plan approved by the City
of Carlsbad. Upon prepayment in full or such conversion of
the property, this note shall be cancelled and the lien of
the deed of trust securing this note shall be reconveyed to
the maker hereof.
This note is given solely to conform with the provis-
ions of said Section 21.18.045 of the Carlsbad Municipal
Code and neither the maker nor any partner, officer, agent
or employee of the maker shall have personal liability for
payment of this note. The holder hereof shall look only to
its interest in the property secured hereby for payment.
If action be instituted on this note, the undersigned
promises to pay such sum as a court may affix as attorneys'
fees. This note is secured by a deed of trust to
Title Insurance and Trust Conpany > as Trustee.
TYLER PROPERTIES, LTD., a
Limited Partnership
By:
ItS <* I
CAT. NO. NN00630
TO 19*6 CA (7-82)
(Partnership)
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
TTrtE INSURANCE
ANDTRUST
ATICOR COMPANY
t
M
1
Ijj
I (, cI
1984 Eore me, the undersigned a Notary Public in and for
said State, personally appeared
personally known to me or- -•_* ..^j.n^, rn v.<w^—^^___..^^a^^..^ 1 pCla^/114VA*^ n..v ._
proved to me on the basis of satisfactory evidence to be
the person who executed the within instrument as
OrvP^. of the partners of the partnership
that executed the within instrument, and acknowledged
to me that such partnership executed the same.
WITNESS my hand and official seal.ft i\
Signature
ro=
.,:;:
f - -u _
(This tret for official notarial seal)
-2-
7
RECORDING REQUESTED-"V
City Clerk
City of Carlsbad
AND WHEN RECORDED MAIL TO
NAME City Clerk
ADDRESS 1200 Elm Avenue
ciry% Carlsbad, CA 92008
STATE I
~1
J
SPACE ABOVE THIS LINE FOR RECORDER'S USE
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 AGREEMENT, made this ................. 26th ................... dav of ....... March .......................................... 19 84 ......
b TYLER PROPE^^ ..........................................................
owner of the land hereinafter described and hereinafter referred to as "Owner", andTHE CITY OF CARLSBAD
present owner and holder of the deed of trust and note first hereinafter described and hereinafter referred to as "Bene-
ficiary" ;
WITNESSETH
to..
THAT WHEREAS, Owner has executed a deed of trust, dated.....Ma?..?J?...26..i....l?84 ,
--Tltle.-Insurawce.-a«i--35cust-CoiIpai^- »s trustee, covering:
See Exhibit "A" attached hereto for Legal Description
to secure a note in the sum of $...152.,.86.Q.-..P.P. , dated Mar.C.h...26..,....1.9.8.4 , in
favor of Beneficiary, which deed of trust is to be recorded concurrently herewith; and
WHEREAS, Owner has executed, or is about to execute, a deed of trust and note in the sum of $..rk?.r.?.°.V.r..vr.V:
dated M&^...26j..l?84 , in favor of
.T3)e...City...af...Carlsbad,. A.Municipal Corporation , hereinafter referred to as
"Lender", payable with interest and upon the terms and conditions described therein, which deed of trust is also to be
recorded concurrently herewith; and
WHEREAS, it is a condition precedent to obtaining said loan from Lender that said deed of trust last above
mentioned shall unconditionally be and remain at all time> a lien or charge upon the land hereinbefore described, prior
and superior to the lien or charge of the deed of trust fir.-t above mentioned: and
WHEREAS, Lender is willing to make said loan provided the deed of trust securing the same is a lien or charge
upon the above described property prior and superior to the lien or charge of the deed of trust first above mentioned and
provided that Beneficiary will specifically and unconditionally subordinate the lien or charge of the deed of trust first
above mentioned to the lien or charge of the deed of trust in favor of Lender: and
WHEREAS, it is to the mutual benefit of the partie- hereto that- Lender make such loan to Owner; and Beneficiary
is willing that the deed of trust securing the same shall, when recorded, constitute a lien or charge upon said land which
is unconditionally prior and superior to the lien or charge of the deed of tru<! first above mentioned.
-1-
/Gs
NOW, THEREFORE, in consideration of the mutual benefits accruing to the parties hereto and other valuable
consideration the receipt and sufficiency of \vhich consideration is hereby acknowledged, and in order to induce Lender
to make the loan above referred to. it is hereby declared, understood and agreed as follows:
(1) That said deed of trust securing said note in favor of Lender, and any renewals or extensions thereof,
shall unconditionally be and remain at all times a lien or charge on the property therein described, prior
and superior to the lien or charge of the deed of trust first above mentioned.
(2) That Lender would not make its loan above described without this subordination agreement.
(3) That this agreement shall be the whole and only agreement with regard to the subordination of the
lien or charge of the deed of trust first above mentioned to the lien or charge of the deed of trust in favor
of Lender above referred to and shall supersede and cancel, but only insofar as would affect the priority
between the deeds of trust hereinbefore specifically described, any prior agreements as to such subordina-
tion including, but not limited to. those provisions, if any. contained in the deed of trust first above men-
tioned, which provide for the subordination of the lien or charge thereof to another deed or deeds of trust
or to another mortgage or mortgages.
Beneficiary declares, agrees and acknowledges that
(a) He consents to and approve? (i) all provisions of the note and deed of trust in favor of Lender above
referred to. and (ii) all agreements, including but not limited to any loan or escrow agreements, between
Owner and Lender for the disbursement of the proceeds of Lender's loan;
(b) Lender in making disbursements pursuant to any such agreement is under no obligation or duty to.
nor has Lender represented that it will, see to the application of such proceeds by the person or persons to
whom Lender disburses such proceeds and any application or use of such proceeds for purposes other than
those provided for in such agreement or agreements shall not defeat the subordination herein made in
whole or in part;
(c) He intentionally and unconditionally waives, relinquishes and subordinates the lien or charge of the
deed of trust first above mentioned in favor of the lien or charge upon said land of the deed of trust in
favor of Lender above referred to and understands that in reliance upon, and in consideration of, this
waiver, relinquishment and subordination specific loans and advances are being and will be made and,
as part and parcel thereof, specific monetary and other obligations are being and will be entered into
which would not be made or entered into but for said reliance upon this waiver, relinquishment and sub-
ordination; and
(d) An endorsement has been placed upon the note secured by the deed of trust first above mentioned
that said deed of trust has by this instrument been subordinated to the lien or charge of the deed of trust
in favor of Lender above referred to.
NOTICE: THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION WHICH ALLOWS THE PERSON
OBLIGATED ON YOUR REAL PROPERTY SECURITY TO OBTAIN A LOAN A PORTION OF WHICH MAY BE
EXPENDED FOR OTHER PURPOSES THAN IMPROVEMENT OF THE LAND.
THE CITY OF CARLSBAD TYLER PROPERTIES, LTD., a
Limited Partnershi
By: By: fyMfcgi Cr.'
" ''" Mayor \A \
..CI.TY...P.F..CARLSBAP
Beneficiary
CAT. NO. NNOO630
TO 1946 CA (7-82)
(Partnership)
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
Its:
Owner
(All signatures must be acknowledged)
TITLE INSURANCE
ANDTRUST
t
SS.
March 1984On
said State, personally appeared
-.before me, the undersigned, a Notary Public in and forTI i ^ r \ \
I
I
_______________ , personally known to me or
proved to me on the basis of satisfactory evidence to be
the person who executed the within instrument as
flftE-" of the partners of the partnership
that executed the within instrument, and acknowledged
to me that such partnership executed the same.
WITNESS my hand and officiaLseal.
Signature
(This area for official notarial seal)