HomeMy WebLinkAbout; Stallworth, Jeffrey J.; 1999-0185910; Subordination Agreement5 : p , t, l *. g$ggfcfffie * h
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RECORDING REQUESTED
BY
WHEN RECORDED MAIL TO:
City Clerk
CITY OF CARLSBAD
1200 Carlsbad Village Dr.
Carlsbad, CA 92008
DOC ” 1999~018j910
IMQR 23s 1999 x2:21 PM
5665 220 DFFICIAL RECORDS SRN DIESU COUNTY RECORDER’S OFFICE GRESORY J. SMITH, COUNTY RECDRDER FEES: luo
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‘” * I $5 P-7” SPAc’E~ABOvE S~RSLINE FOR RECORDER’~ USE I< iss,s /< ??I As&ssor’s ~Parc&h,~. 1 205-051-16-00 + The undersigned grantor
Documentary transfer
( ) computed on full v ( ) computed on f,,,l
FOR A VALUABLE CON ISllj’&?ATION.
receipt of which is hereby acknowledged.
of trust for construction of improvements in an $rt?‘&nt not to exceed $388,000 on the real
property described in the attached Exhibit A.
In addition, City Agrees to subordinate any and all right, title and interest created by said
document to any permanent loan secured by a mortgage or deed of trust in like amount made
for the purpose of refinancing said construction loan referred to above.
MasteWFormsEubordination Agt Conshuction & Permanent Finandng 1 I
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This agreement shall be binding upon and inures to the benefit of the successors, heirs,
assigns, and transferees of property owner and shall run with said real property.
/EN WITNESS WHEREOF, this agreement is executed on the I/ c( day of
CITY OF CARLSBAD, a municipal corporation of
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EXHIBIT “A”
THAT PORTION OF LOT 18 IN PATTERSON’S ADDITION TO THE TOWN OF CARLSBAD,
IN THE CITY OF CARLSBAD, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA,
ACCORDING TO MAPTHEREOF NO. 565, FILED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY ON SEPTEMBER 22, 1998, DESCRIBED AS
FOLLOWS: BEGINNING AT THE INTERSECTION OF THE EASTERLY LINE OF SAID LOT
18 WITH A LINE THAT IS PARALLEL WITH AND DISTANT 56’l.OO FEET .4T RIGHT ANGLES
SOUTHEASTERLY FROM THE NORTHWESTERLY LINE OF SAID LOT; THENCE SOUTH 55O27’ WEST ALONG SAID PARALLEL LINE, 144.52 FEET; THENCE SOUTH 28OO3’ EAST,
93.00 FEET; THENCE NORTH 65O28’ EAST, 137.00 FEET TO A POINT ON SAID EASTERLY
LINE OF LOT 18, THENCE NORTH 24O32’ WEST ALONG SAID EASTERLY LINE, 110.00 TO
THE POINT OF BEGINNING.
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State of California
County of San Diego )
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---& before me, * .b V- (Name, Title of Officer)’
personally appeared ’ A. L5hmm.&l.
(Name[s] of Signer[s])
(or proved to me**
gf as name(s) is/a& ~ubs&bed$to the \n
- . Fs,nally known to me -OR - ~~:,j .,,~L__ __’ i-ll& x “:;::‘j i :I’;: oenc8) to b&~be person(s) whose
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d“‘ac&rowle@!g~d, to me that $ :& !, k L he/she/th&execu ~4% same in his/her/their authorizeldi’ii’?%pacit);(ies)~%nd I that by _
,i his/her/&k ‘&ignature(s) on the instrument the person(s), or entit$‘Pvjb;n behak%of which
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the peVson(s) acted, ex I3 ..:x PPP,, .r’“-, ^ 2”’ 1 *Ys@’ 1% * 1 .~,1L _,*-” ^x >I 1.
WIT6lESSmvJi~nd and official $e&%,
MaslerJlFwmslSubordinaUm Agl Conshudii 6 Permanent Finandng Rev. 3/l/99
5664
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On March 22, 1999 before me, Belinda R. Guzman, Notary Public, personally appeared
Lloyd Hubbs, personally known to 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.
WITNESS my hand and official seal
.
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Signature of Notary
(This area for
official notary seal)
Title or Type of Document Subordination Agreement for Construction and Permanent
Financing APN 205-051-16-00 - Jeffrey J. Stallworth
Date of Document March II,1999 No. of Pages 2
Signer(s) other than named above None