HomeMy WebLinkAboutMS 495; Marlin, John & Kathy; 85-098206; Subordination AgreementL
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City Clerk City of Carlsbad
1200 Elm Avenue Carlsbad, CA 92008
~EWRliNG REQUESTED BY
-TnLE \#SURA#CECOMPANY
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851098206
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SUBORDINATION AGREEMENT }5d -46Y- ST
NOTICE : THIS ZXUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OR SOMe OTHER OR LATER SECURITY INSTRU- MENT.
I.
FOR VALUE RECEIVED, the undersigned, as holder under the
Lien Contract described in Paragraph II does hereby subordinate
the lien thereof to the lien or encumbrance described in Paragraph
III.
The real property affected hereby is described in Paragraph
IV. .- .
This Agreement shall inure to the benefit of the parties
set forth in Paragraph III, and shall bind the heirs, successors
and assigns of the undersigned.
II.
A Contract for Improvements in Public Right of Way by and
between The City of Carlsbad, a Municipal corporation and John H.
..' '.- - .- I Marlin and Kathly L. marlin, recorded March 12, 1981, Recorder's
File No. 81-075765.
III.
A Deed of Trust dated January 30, 1985, in the amount of
$100,000.00, executed by John H. Marlin and Kathy L. Marlin,
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husband and wife, to Cal-West Mortgage Co., Inc., Trustee, in favor
of U.S. Community Savings Bank, . c
RECORDED MARCH 19,1985 AS FILE NO 85-030334 OF OFkIAL'RECORDS
IV.
Parcel 1 of Parcel Map No. 11168, in the City of Carlsbad, in the County of San Diego, State of Califdrnia, fifed in the Office of County Recorder of San Diego County April 3, 1981, as File No. 81-102544 of Official Records.
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, a Municipal corporation
BY: x
,City Manager
BY: \ EL.- >
City Engineer
CORPORATE ACKNOWLEDGMENT NO. 202
Stateof California
County of San Diego
On this the 21s8ayof March 1985, before me,
Karen R.Stevens
the undersigned Notary Public, personally appeared
KAREN R. STEVENS Notary PtJtlik - Califomia
F.D. Aleshire and R.A. Ee&man""""---"'-'-,
B personally known to me
0 proved to me on the basis of satisfactory evidence
to be the person(s) who executed the within instrument as City mge and City IWgineer &&on behalf of the corporation therein
named, and acknowledged to me that the corporation executed it.
WITNESS-my hand and official seal.
NATIONAL NOTARY ASSOCIATION l 23012 Venture Blvd. l p.0. Box 4625 l Woodland Hills, CA 91364
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