HomeMy WebLinkAbout; Mann, William; 2001-0849749; Subordination AgreementDOC # 2001-0849749
3968
(2) That Lender wwld not make the loan without this Subordination Agrewnent.
(3) That this Subordination Agreement shall be the vhde and mRfy agreement nith regard to the subadination of the
Agreement to the lien or charge of the Deed of Trust in fmr of Lender and shall superjede and cancel. but only insofar
subordination including. but nd limited, to, thse pdSiOns, if any, mtained in the Agreement which pmde fw the
as wwld affect the priority between the Deed of Trust and the Agreement, any prim agrmts as to such
subordination of the lien w charge thereof to andher deed OT deeds of trust (x to andher mwtgage w InwtgagS.
ity declares, agrees and acknmledges lhat
(a) It msents to, and appm. all provisions d the Deed of Trust in favw of Lender, and
(b) It intentionally and uncondiicnallywai, relinquishes and subordinats the&- in fwd the lien a charge
thii wah, rdinquishment and subdination spgific loans and advances are being and will be made and. as part and
upon the Property of the Deed of Trust in fawr of Lender and understands that in reliance upan. and in consideration Of,
panel thereof, specific metary and dhfx obligations are being and will be entered into which wid nd be made or
entered into but fw said reliance upon this waim, rdirquishment ard subordination.
OTICE: THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION WHICH ALLOWS THE
PEFSON 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.
CITY OF CAFZSBAD a municipal
comratipn of the State of California
(print Nane and Ttle)
Date: JI II b IO/
(ALL SIGNATURES MUST BE ACKNOWLEDGED)
IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS SUBORDINATION AGREEMENT,
THE PARTIES CONSULT WITH THEIR ATTORNEYS WITH RESPECT THERETO. APPROVED AS TO FORM:
DAMIEN 6. BROWER
DevuW Citv Attorney
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EXHIBIT “Ayy
ALL OF LOTS 28 AND 29 IN BLOCK A OF MAP NO. 2 OF THE HAYES LAND
COMPANY ADDITION TO THE CITY OF CARLSBAD, COUNTY OF SAN DIEGO,
STATE OF CALIFORNIA, ACCORDING TO MAP THEREOF NO. 1221, FILED IN
THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY,
NOVEMBER 4.1909.
EXCEPT FROM SAID LAND LOTS 28 AND 29 THE NORTHEASTERLY 5.00 FEET
THEREOF, SAID NORTHEASTERLY 5.00 FEET BEING SHOWN ON THE PLAT
ATTACHED TO AND DESIGNATED AS ATTACHMENT A IN DEED TO THE
CITY OF CARLSBAD, FOR PUBLIC STREET PURPOSES, RECORDED JUNE 10,
1974 AS DOCUMENT NO. 74-152823 OF OFFICIAL RECORDS.
SAID LOTS 28 AND 29 HAVE BEEN CONSOLIDATED INTO ONE PARCEL BY
CERTIFICATE OF COMPLIANCE RECORDED DECEMBER 17,1998 AS FILE NO.
98-0825945 OF OFFICIAL RECORDS.
ASSESSOR PARCEL NO.: 203-140-38
r.
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT 3 9 7.0
STATE OF CALIFORNIA -
COUNTY OF 5% bqc)
, Notary Public, -
personally known to me (or proved to me on the basis of satisfactory evidence) to be the personw
whose name$+’idp3subscribed to the within instrument and acknowledged to me that helsaeDaey
executed the same in hid’authorized capacitywand that by hid-signaturewn the
instrument the personwor the entity upon behall of which the person@j-scted, executed the
instrument.
WITNESS my hand and official seal.
Signature
State of California
County of San Diego
On, November 20, be !fore me, BE ilinda R. Guzman, Nc ltarv Public. Ders onally
appeared Lloyd Hubbs, personally known me to be the person whose name is subscribed
to the within instrument and acknowledged to me that he executed the same in his
authorized capacity, and that by his signature on the instrument the person, Or entity Upon
behalf of which the person acted, executed the instrument.
..
b?zQuddL \
Signature of Notary
WITNESS my hand and official seal
(This area for
official notary seal)
Title or Type of Document Subordination Agreement
Date of Document 1 1-1 6-01 No. of Pages 2
Signer(s) other than named above William C. Mann