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HomeMy WebLinkAboutCT 81-10; Lee, Michael & Mimi; 1992-0839943; Easement1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 10 19 20 21 22 23 24 25 26 27 28 UFFiCikL &:E@k% +;jNEiTE EU$NS, [Cili#TY iEC'I~dEb: PLEASE RECORD THIS DOCUMENT AT NO FEE AS IT IS TO THE BENEFIT ) OF THIS DISTRICT (GOV. CODE [6103]) ) RECORDING REQUESTED BY AND ) 5~8 FJIEG~; CO!JHTY 5:ECCRDEK'S EiiE FEES: p cc J. iL 1 WHEN RECORDED, PLEASE MAIL TO: ) ) ) Carlsbad Municipal Water District ) Engineering Department 1 5950 El Camino Real 1 Carlsbad, California 92008 . '.I 'Space'above this line for Recorder's use. Assessor's Parcel NO. 212-070-15', Project Name- & -No. c & L International, Lot 29, c"r 81-10, MdD No. 11134, 91-C.375 DOCUMENTARY TRANSFER TAX: None CZiRLSBAD MUNICIPAL ' ' WATER DISTRICT .' fi?! &! d& .. AlethaL.Rautenkranz,Secrjtary Board of Directors EXXMENT MICHAEL P. LEE FSJD MIMI P. &, Husband and Wife as Joint Tenants , does hereby grant to CARLSBAD MUNICIPAL WATER DISTRICT, a Public Agency organized in the State of California, its successors and assigns, an easement. Purpose: The easement granted herein shall be granted for the following purposes: the construction, operation, repair, reconstruction and all activities necessary to construct, reconstruct, operate, maintain and repair facilities designed for the general purpose of collecting, storing, transporting, pumping and treating all water, including surface water, stream water, flood water and ground water flowing into said facilities, and all natural and artificial drainage ditches and structures of any kind, 1 3/14/91 REV. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 2E 27 2E 524 whether above or below the surface of the ground. said facility may include pipelines, pumping facilities, structures designed to control the flow of water and all facilities and structures associated with said use which are designed to facilitate the use and protect the facility from natural and other forms of damage includirig, but .,iimited to, erosion control facilities, fences, gates, doors, 1ockLng devices, alarms, lights, and all other protective facilities and devibs. The use shall also include a means of access .to and from said facility for the purpose of constructing, operating, repairing, maintaining, inspecting and reconstructing said facility. The uses described herein shall be exclusive to the Grantee. Grantor herein agrees that no buildings and/or structures will be erected, walls constructed, fences built nor trees planted, nor may the easement be used by the Grantor or any other person or entity, including other utilities, whether public or private, for uses whether compatible or incompatible with the uses described herein without the express written approval of the Grantee. /// /// /// /// /// /// /// /// /// /// 3/14/91 REV. 2 .. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 20 525 LOCATION OF THE EASEMENT: The easement granted herein shall be located within and Jpon the properties more particularly described in Exhibit "A" and Exhibit "B" attached hereto and by this reference made a part hereof. *. ecited by the GRANTOR this L?* day 'bf fioL.%." '19. I GRANTOR: ~ :- MICHAEL P. LEE AND MIMI P. LEE. Husband and Wi€e joint Tenants \ BY : 4p-f (sign her ) "" 7 APPROVED AS TO FORM: RONALD R. BALL GENERAL COUNSEL n by GRANTOR must be attached.) CMWD 91-C.375 3 3/14/91 REV. STATE OF CALIF RNI COUNTY OF On (his 4th 1992 day ol December . in Ihe year . before me. the undersigned. a Notary Public in %n bego } ss. 526 and lor said Counly and Slale. personally appeared * * *Mimi P. Lee * * * ~~~~xxx(IWX~(proved to me on Ihe basis of satislactory evidence) to be Ihe person * * iS* * subscribed to the within instrument and whose name acknowledged thal * * qhp* * , executed the *** He& A. Hull Notary Public in and lor said County and Stale Name (Typed or Printed) F2492 R 6/84 FORNOTARYSEALORSTAMP ~~ ~ Individual AcKnowiedgment STATE OF CALIFORNIA COUNTY OF Sari Diego ) SS. On this25thday of November , in the year 1992, before me, the undersigned, a Notary Public in and for said County and Slate, personally appeared -~ ~~~~~~~ ~ *Michael P. Lee* personally known to me (or proved to me on the basis of satisfactory evidence) lo be the person_ whose name is Subscribed to this instrument and acknowledged that he executed it. WITNESS my hand and official seal. Notary Public in and for said County and State Attached to: Easement for City of C 527 CERTIFICQTION FOR ACCEPTANCE OF DEED This is to cer@ that the interest in real property conveyed by the grant deed or easement, dated /$</9& ,from MICHAEL P. LEE AND MIMI P. LE, Husband and Wife as Joint Tenants totheCarkbadMunicipa1 WaterDistrict, Carkbad, California, a Municipal Water District Act of 1911, as amended, k hereby accepted by the un&rsigned o@er or agent on behalf of the Carkbad Municipal Water District, Carlsbad, California, pursuant to authority confirred by Resolution NO.^ of the Carlsbad Municipal Water District adopted on January 28, 1992, and the grantee consents to recordation thereof by it’s duly authorized o@er. DATED: J 2 ,/ f 3 Re- ALETHA L. RAUTENKRANZ, Secretary CNWD 91-C.375 C h L INTERNATIONAL LOT 29, CT 81-10, MAP NO. 11134 C.M.W.D. 91-C.375 528 12/12/91 FF 151/91/00 EXHIBIT "A" ALL THAT PORTION OF LOT 29 OF CARLSBAD TRACT NO. 81-10, UNIT NO. CALIFORNIA, ACCORDING TO MAP THEREOF NO. 11134, FILED IN THE 2-A, IN THE CITY OF CARLSBAD, COUNTY OF SAN DIEGO, STATE OF OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY JANUARY 31, ON EACH SIDE AND PARALLEL WITH THE FOLLOWING DESCRIBED 1985, BEING A STRIP OF LAND 15.00 FEET IN WIDTH, LYING 7.50 FEET CENTERLINE: BEGINNING AT THE MOST NORTHEASTERLY CORNER OF SAID LOT 29, SAID POINT OF BEGINNING BEING A POINT ON THE SOUTHERLY RIGHT OF WAY PROPERTY LINE OF SAID LOT 29 AND ALONG SAID RIGHT OF WAY LINE OF RUTHERFORD ROAD SOUTH 75 01'02" WEST, 16.38 FEET TO THE TRUE AND SAID SOUTHERLY RIGHT OF WAY LINE ALONG SAID CENTERLINE SOUTH FEET TO THE POINT OF TERMINUS. 10 18'39" EAST, 45.50 FEET; THENCE NORTH 79 41'21" EAST, 15.00 THE SIDELINES OF THE SAID STRIP OF LANDS SHALL BE LENGTHENED AND/OR SHORTENED AT ALL ANGLE.POINTS AND SHALL BE CONTINUOUS AND ROAD, AND SHALL TERMINATE IN A LINE PERPENDICULAR TO SAID SHALL BEGIN IN SAID SOUTHERLY RIGHT OF WAY LINE OF RUTHERFORD CENTERLINE AT CENTERLINE TERMINUS. AREA OF DEDICATION, PARCEL A: 907.54 SQUARE FEET. LINE OF RUTHERFORD ROAD; THENCE CONTINUING ALONG THE NORTHERLY POINT OF BEGINNING; THENCE LEAVING SAID NORTHERLY PROPERTY LINE " ,- CHARLES S. KAHR R.C.E. 23907 DATE REGISTRATION EXPIRES 12/31/93 WS/151-91 i600 AVENIDA ENCINAS, SUITE 133 :ARLSBAD, .CA 92008 Ph:(619)431-9301 WATERLINE EASEMENT LOT 29, CT 81-10, MAP NO. 11134 ANl51/9rIoo 9111191 cnwD9l-c-%5 CWWD 91-c .I) 7 5 .i /I 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 531 RECORDING REQUESTED AND ) WHEN RECORDED, PLEASE MAIL TO ) Carlsbad Municipal Water District ) 5950 El Camino Real ) Carlsbad, California 92008 ':. ) ) .. ',' ,Space 'above this line for ,'Recorder's use. A.P.N; ' 212-070-15 CMWD N&.' 91-C.375 ,. ', ,' SUBORDINATIOn AGREEMENT NOTICE: ','PHIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE PROPERTY BECOMING SUBJECT TO AN ESTATE IN THB REAL PROPERTY TO WHICH AND HAS THE POTENTIAL EFFECT OF YOUR SECURITY INSTRUMENT ATTACHES REDUCING THE VALUE OF YOUR SECURITY INTEREST. ., THIS AGREEMENT, made this I c( day, bf be re wbe f &-' 19% by 7 MIMI (Trustor) hereinafter referred to as "OtYner," owner of the land and iYORTH CU3MY BANK hereinafter referred to as tfBeneficiary'8, present owner and holder {Owner) of the deed of trust hereinafter described: WITNESSETH THAT WHEREAS, -L p. LEE AND MIMI P. LEE, Husband and Wife (Trustor) e did execute a deed of trust, dated Ausst 11 , 19% to NORTH cow Em (Date) (Trustee) as trustee, covering c ,r, 1, -. Lot 79, Carlsbad Tract 8l-lOdWc NO. 11134, CMwD PrnjPrt No. 91 - C.375 I (Brief Legal Description) (See Exhibit & 8v~nr for Detailed Description) 1 3/26/91 REV. 1 2 3 4 5 6 7 0 9 10 11 12 13 14 15 16 17 le 19 2c 21 2; 2: 24 2: 2f 27 28 532 to secure a note in the sum of Eiqht Hundred Thirty-TWC Thousand Five (Lien Amount) ~lll/ll// ($ 832,500.00 ) 'dated August '11, , 192, in favor of NORII-1 COUNTY BANK recorded in the office of the County Recorder of gan Diego County on August 18, 1992 of Official (Date) (Beneficiar ) (County) , as File No. 1992-0519237 (Date Recorded) (F/P No.) Records of said county: and WHEREAG;.'6&er has executed, or is about to execute, as grantor, a grant of-'EAS&ENT/EASEMENTS dated' '././;7 </qa , in favor of the. Carlsbad Municipal Water District as grantee, hereinafter .$eferred to as "Easenient Grantee," 'creating AN/THE EASEMENT/EASEMENTS more particularly described in EXHIBIT/EXHIBITS ,. UA" & "B' attached hereto; and WHEREAS, Easembnt Grantee is willing to accept said EASEMENT/EASEMENTS provided the grant of. EASEMENT/EASEMENTS is a charge upon the above described property prior and superior to the lien or charge of the deed of trust above mentioned and provided that beneficiary will specifically and unconditionally subordinate the lien or charge of the deed Of trust above mentioned to the lien or charge of the EASEMENT/EP.SE?IENTS created in favor cf Easement Grantee: and WHEREAS, it is to the mutual benefit of the parties hereto that Easement Grantee accept said EASEMENT/EASEMENTS and Beneficiary is willing that the grant of EASEMENT/EASEMENTS shall, when recorded, constitute a charge upon said land which is unconditionally prior and superior to the lien or charge of the deed of trust above mentioned. NOW, THEREFORE, in consideration of the mutual benefits accruing to the parties hereto and other valuable consideration, 2 3/26/91 REV. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 20 533 the receipt and sufficiency of which consideration is hereby acknowledged, and in order to induce Easement Grantee to accept said EASEMENT/EASEMENTS above referred to, it is hereby declared, understood and agreed as follows: 1. That said EASEMENT/EASEMENTS in favor of Easement Grantee shall unconditionally be afiri remain at all times a charge on the property therein descr,ibed;prfor and superior to the lien or charge of the deed of trust above mentioned, ~ .:I ;_ ,, .~ 2. That Easement Grantee would not: accept said ., . EASEMENT/EA NTS 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 above mentioned to the EASEMENT/EASEMENTS in favor of Easement Grafttee above referred to and shall supersede and cancel, but only insofar as wodd affect the priority between the deed of trust and EASEMENT/EAS&qfiTS hereinbefore specifically described, any prior agreement as ta%uch subordination including, /- but not limited, those provisions, if any, contained in the deed of trust above mentioned, which provide for the subordination of the lien or charge thereof to another interest in the real property therein described. BENEFICIARY declares, agrees and acknowledges that: 1. He consents to and approves the grant of EASEMENT/EASEMENTS in favor of the Easement Grantee. 2. He intentionally and unconditionally waives, relinquishes and subordinates the lien or charge of the deed of trust above mentioned to the EASEMENT/EASEMENTS in favor of 3 3/26/91 REV. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 534 Easement Grantee above referred to and understands that in reliance upon, and in consideration of, this waiver, relinquishment and subordination of the grant of EASEMENT/EASEMENTS is being executed and delivered, the EASEMENT/EASEMENTS IS/ARE being created, and that specific monetary and other obligations are being and will be entered into by the Easement Grantee, other lenders and title insurance companies .khich would not .be or entered into but for said reliahce upon the waiver, .. relinquishment and subordinatiph: ..and . ,, 3. ' An endorsement has been placed upon the note secured by the deed of trust above mentioned that said deed of trust has by this instrument been subordinated to the charge, of the EASEMENTjEASEMENTS in favor of Easement Grantee above referred to Exec ted by the BENEFICIARY'this Executed by the OWNER this 2q, Ir day of /VSLU~ - , 19% E% day of bbL%.A./ , 19- 72. BENEFICIARY: OWNER: NORTH COUNTY BANK MICHAEL P. LEE AND MIMI P. LEE, Husband and Wife as Joint Tenants By: By : signature) 4 By: By: \ (authorized signature) ' (title) NOTE THAT THE PRESIDENT OR VICE-PRESIDENT AND THE SECRETARY OR ASSISTANT SECRETARY MUST SIGN A CORPORATE EXECUTION OF THIS DOCUMENT. ALTERNATELY A TRUE COPY OF THE RESOLUTION OF THE BOARD OF DIRECTORS THAT IS SIGNED BY THE SECRETARY OR ASSISTANT SECRETARY OF THE CORPORATION, UNDER CORPORATE SEAL SPECIFICALLY EMPOWERING THE INDIVIDUAL SIGNING IN BEHALF OF THE CORPORATION WILL SHOW SUFFICIENT AUTHORITY OF SAID INDIVIDUAL TO ACT IN THIS MATTER. IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS 4 3/26/91 REV. Countyof San Dieao I"". CORPORATE ACKNOWLEDGMENT ,.. California Heidi A. Hull the undersigned Notary Public, personally appeared Lindsey K. Yip &personally known to me 0 proved to me on the basis of satisfactory evidence '$%'eh"&sJent named, and acknowledged to me that the corporation executed it. rsoq(s who executed the within instrument as or on behalf of the corporation therein I Notary'sSignature reidi A. Hull - 1 ss. STATE OF CALIFORNIA On lhis 4th day or -. in Ihc year COUNTY OF San Dieao I 1992, before me. the Undersigned. a Notary Public in and lor said County and State. personally appeared * * Mimi P. Lee * * * 1 c -(or proved to rnc on the basis of satislactory evidence) to bF the person whose name acknowledged that i she executed the ** 1s Subscribed to the wilhin instrument and 11 Notary Public in and lor raid Counly and Slale Name (Typed or Printed) F2492 R 6/84 FOANQTARYSEALORSTAYP Individual AcKnowledgrnent - a STATE OF CALIFORNIA G Y COUNTY OF Sari Diego } ss. On this25thdaYof November , in theyear 19=, before me, the undersigned, a Notary Public in and for said County and State, personally appeared . 2 5 u " c - l 0 2 =I 2 *Michael P. Lee* 5 YU Y PerSOnally known to me (Or proved to me on the basis of satisfactory evidence) to be the person" c h: 23 whose name is subscribed to this instrument and acknowledged that he executed it. E 3 .-E2 2'3" ir: ?- Pm (J'&(&@ u Notary Seal WITNESS my hand and official seal. Flea Attached to: Subordination Agreemen Notary Public in and for said County and State I ,. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 10 19 20 21 22 23 24 25 26 27 20 536 SUBORDINATION AGREEMENT, THE PARTIES CONSULT WITH THEIR ATTORNEYS WITH RESPECT THERETO. Approved as to form: ?&% Rofrdld R. Ball, Geferal . &A&*- Counsel must be attached. (Notarial acknowledgement of execution of OWNER and BENEFICIARY CMWD 91-C.375 5 3/26/91 REV. 537 C h L INTERNATIONAL LOT 29, CT 81-10, MAP NO. 11134 C.M.W.D. 91-C.375 12/12/91 FF 151/91/00 EXHIBIT "A" ALL THAT PORTION OF LOT 29 OF CARLSBAD TRACT NO. 81-10, UNIT NO. 2-A, IN THE CITY OF CARLSBAD, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, ACCORDING TO MAP THEREOF NO. 11134, FILED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY JANUARY 31, ON EACH SIDE AND PARALLEL WITH THE FOLLOWING DESCRIBED 1985, BEING A STRIP OF LAND 15.00 FEET IN WIDTH, LYING 7.50 FEET CENTERLINE: BEGINNING AT THE MOST NORTHEASTERLY CORNER OF SAID LOT 29, SAID POINT OF BEGINNING BEING A POINT ON THE SOUTHERLY RIGHT OF WAY LINE OF RUTHERFORD ROAD; THENCE CONTINUING ALONG THE NORTHERLY PROPERTY LINE OF SAID LOT 29 AND ALONG SAID RIGHT OF WAY LINE OF RUTHERFORD ROAD SOUTH 75 01'02'' WEST, 16.38 FEET TO THE TRUE POINT OF BEGINNING; THENCE LEAVING SAID NORTHERLY PROPERTY LINE AND SAID SOUTHERLY RIGHT OF WAY LINE ALONG SAID CENTERLINE SOUTH FEET TO THE POINT OF TERMINUS. 10 18'39" EAST, 45.50 FEET; THENCE NORTH 79 41'21'' EAST, 15.00 THE SIDELINES OF THE SAID STRIP OF LANDS SHALL BE LENGTHENED AND/OR SHORTENED AT ALL ANGLE-POINTS AND SHALL BE CONTINUOUS AND SHALL BEGIN IN SAID SOUTHERLY RIGHT OF WAY LINE OF RUTHERFORD ROAD, AND SHALL TERMINATE IN A LINE PERPENDICULAR TO SAID CENTERLINE AT CENTERLINE TERMINUS. AREA OF DEDICATION, PARCEL A: 907.54 SQUARE FEET. ,- CHARLES S. KAHR R.C.E. 23907 REGISTRATION EXPIRES 12/31/93 DATE WS/151-91 il I I I I \ \ I I CHARLES S. KAHR R.C.E. 23907 DATE REGISTRATION EXPIRES 12/31/93 KAHR AND ASSOCIATES EXHIBIT 'B 5600 AVENIDA ENCINAS, SUITE 133 CARLSBAD, .CA 92008 Ph(619)431-9301 t WATERLINE EASEMENT LOT 29, CT 8l-K), MAP NO. 11134 At4 151/9rIoo 911119 I cnwl>sl-c.%rs CMWD %\-C.375 LOCAT4ON' MAP 539 VICINITY MAP. , .. a- +/ / I NAME C & L INTERNATIONAL EXHIBIT ,. LOT 29, CT 81-10, MAP NO. 11134 .I n-,, CMWD 91-C.375 , ' '/# :'~, 1 ( 2 3 4 5 6 7 0 9 10 11 12 13 14 15 16 17 la 19 2c 21 22 22 24 2: 2E 2i 2E 540 PLEASE RECORD THIS DOCUMENT AT NO FEE AS IT IS TO THE BENEFIT OF THIS DISTRICT (GOV. CODE [61 03 1 RECORDING REQUESTED AND WHEN RECORDED, PLEASE MAIL TO Carlsbad Municipal Water District 5950 El Camino Real Carlsbad, California 92008 ) Space above this line for Recorder% use. A.P.k.*-,.212-070-15 CMWD Nti.' 91-C.375 SUBORDINATION AGREEMENT NOTICE: THIS SUBORDINATION AGREEMENT RESULTS PROPERTY BECOMING SUBJECT TO AN IN YOUR SECURITY INTEREST IN THE ESTATE IN THE REAL PROPERTY TO WHICH YOUR SECURITY INSTRUMENT ATTACHES AND HAS THE POTENTIAL EFFECT OF REDUCING THE VALUE OF YOUR SECURITY INTEREST. THIS AGREEMENT, made this 2& day" ~ ~ of /vo,.-&9./ 19% by MICHAEL P. LEE AND MIMI P. LEE, Husband and Wife as Joint Tenants, (Trustor) hereinafter referred to as "Owner," owner of the land and mmcouNfyBAEdK hereinafter referred to as "Beneficiary", present owner and holder (Owner) of the deed of trust hereinafter described: WITNESSETH THAT WHEREAS, MICHAEL P. LEE AND MIMI P. LEE, Husband and Wife (Trustor) as Joint Tenants, did execute a deed of trust, dated August 11 ,1992 to Nom COUNTY BANK (Date) (Trustee) astrustee, covering C & L International, Lot 29, Carlsbad Tract 81-10, Map No. 11134, CMWD FYoject No. 91-C.375 - (Brief Legal Description) (See Exhibit "A" & "I3" for Detailed Description) 1 3/26/91 REV. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 to secure a note in the sum of Sixty-Three Thousand, Nine Hundred ~~~ars///////////////// ($ 63.900-00 ) dated (Lien Amount) (Date) 1922, in favor of Nom CWNTY BANK (Beneficiary) ' recorded in the off ice of the County Recorder of San Diego County on Auwst 31, 1992 , as File No. 1992-0550327 of Official (County) (Date Recorded) ,. '. (F/P No.) Records of said county: and WHEREAS, ~ @her has, executed,, or is about to execute, as grantor, a grant of EASEHENT/EASEMENTS datea . Ov(&?/- 25, h?~, in favor of the Carlsbad Municipal Water District as grantee, N hereinafter .referred to as "Easement Grantee," creating AN/THE EASEMENT/EASEMENTS more particularly described in EXHIBIT/EXHIBITS II II & "B" attached hereto; and WHEREAS, Easement Grantee is willing to accept said EASEMENT/EASEMENTS provided the grant of EASEMENT/EASEMENTS is a charge upon the abaVe 'described property prior and superior to the lien or charge of the deed of trust above mentioned and provided that beneficiary will specifically and unconditionally subordinate the lien or charge of the seed Qf trust .above mentioned to the lien or charge of the EASEMENT/EASEMENTS created in favor of Easement Grantee; and WHEREAS, it is to the mutual benefit of the parties hereto that Easement Grantee accept said EASEMENT/EASEMENTS and Beneficiary is willing that the grant of EASEMENT/EASEMENTS shall, when recorded, constitute a charge upon said land which is unconditionally prior and superior to the lien or charge of the deed of trust above mentioned. NOW, THEREFORE, in consideration of the mutual benefits accruing to the parties hereto and other valuable consideration, 2 3/26/91 REV. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 20 542 the receipt and sufficiency of which consideration is hereby acknowledged, and in order to induce Easement Grantee to accept said EASEMENT/EASEMENTS above referred to, it is hereby declared, understood and agreed as follows: 1. That said EASEMENT/EASEMENTS in favor of Easement Grantee shall unconditionally be ana ,rehain at all times a charge on the property therein described,' prior and.&perior to the lien I ,, ' ,, .. or charge of the deed of trust above mentioned. 2.. . That Easement ,Grantee would not -accept said EASEMENTIEASEMENTS 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 above mentioned to the EASEMENT/EASEMENTS in favor of Easement Grantee above referred to and shall supersede and cancel, but only insofar as would affect the priority between the deed of trust and EASEMENT/EASEMENTS hereinbefore specifically described, any prior agreement as t'o such subordination including, but not limited, those provisions, if any, contained in the deed of trust above mentioned, which provide for the subordination of the lien or charge thereof to another interest in the real property therein described. BENEFICIARY declares, agrees and acknowledges that: 1. He consents to and approves the grant of EASEMENT/EASEMENTS in favor of the Easement Grantee. 2. He intentionally and unconditionally waives, relinquishes and subordinates the lien or charge of the deed of trust above mentioned to the EASEMENT/EASEMENTS in favor of 3 3/26/91 REV. 1 2 3 4 5 6 7 0 9 10 11 12 13 14 15 16 17 la 19 20 21 22 23 24 25 2E 27 2E 543 Easement Grantee above referred to and understands that in reliance upon, and in consideration of, this waiver, relinquishment and subordination of the grant of EASEMENT/EASEMENTS is being executed and delivered, the EASEMENT/EASEMENTS IS/ARE being created, and that specific monetary and other obligations are being and will be entered into by the Easement Grantee', other lenders and title insurance companies' which would not be made or entered into but for said reliance upon the waiver; . relinquishment and subordinat$&:. .~ . .. I, ,, .. 3. . dn endorsement has been placed upon t& note secured by the deed of trust above mentioned that said deed' of trust has by this instrument been subordinated to the charge' of the EASEMENT/EASEMENTS in favor of Easement Grantee above referred to Executed by the BENEFICIARY this. Executed by the OWNER this 2StCday of h2~%&+- , 1992 Z?yfLday of /&W&.,&O~, 19k BENEFICIARY: OWNER: NORTH COUNTY BANK MICHAEL P. LEE AND MIMI P. LEE. Husband'and wife as Joint Tenants By : . 'i By : , ./?,.? , (& ' (auth(driked signature) By : By : (authorized signature) ' (authorizedl (title) NOTE THAT THE PRESIDENT OR VICE-PRESIDENT AND THE SECRETARY OR ASSISTANT SECRETARY MUST SIGN A CORPORATE EXECUTION OF THIS DOCUMENT. ALTERNATELY A TRUE COPY OF THE RESOLUTION OF THE BOARD OF DIRECTORS THAT IS SIGNED BY THE SECRETARY OR ASSISTANT SECRETARY OF THE CORPORATION, UNDER CORPORATE SEAL SPECIFICALLY EMPOWERING THE INDIVIDUAL SIGNING IN 3EHALF OF THE CORPORATION WILL SHOW SUFFICIENT AUTHORITY OF SAID INDIVIDUAL TO ACT IN THIS MATTER. IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS 4 3/26/91 REV State of California County of San Diego On this the 4th day of December ~~~~fOre me- Heidi A. Hull the undersigned Notary Public, personally appeared Lindsey K. Yip personally known to me Q proved to me on the basis of satisfactory evidence to be the person@) who executed the within inStNment as named, and acknowledged to me that the corporation executed it. Vice President or on behalf of the corporation therein STATWF CALIFORNIA COUNTY OF Diego On lhis 4th day ol December . in Ihc ycar } ss. 1992 . belore me. the Undersigned. a Notary Public in and lor raid Counly and Slale. personally appearcd * * *Mimi P. Lee * * p&&?ii#~%&&%&%%r proved IO me an lhe basis Of lalislrclory evidcncc) to be the person ** whose name * *iS * * subscribed IO the wilhin inslrumenl and acknowledged that * She ** epculcd Ihc I Heidi A. Hull Notary Public in and Tor raid County and Slale Name (Typed or Printed) F2492 R 6/84 FORNOTARYSLALORSTAMP ~~ ~~ ~~~~ . .~~ Individual Acmnowledgment COUNTY OF Diego \ ss. - .~~ ~~~~ ~~~~~ ~~ a - 9TATE OF CALIFORNIA Y - i= On this25thday of November , in theyear 19%, before me, the undersigned, a Notary Public in - 5 g and for said County and State, personally appeared 0 L: u .I G k cx *Michael P. Lee* 5 YU r5 personally known to me (or proved to me on the basis of satisfactory evidence) to be the person" subscribed to this instrument and acknowledged that he executed it oi urn 3 ;r i. e " 24 iE WITNESS my hand and official seal. Notary Public in and for said County and State ST.20 Attached to: Subordination Anre 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 '5 45' SUBORDINATION AGREEMENT, THE PARTIES CONSULT WITH THEIR ATTORNEYS WITH RESPECT THERETO. d as to form: Ronal8 R." Ball, General counsel (Notarial acknowledgement of execution of OWNER and BENEFICIARY must be attached. CMWD 91-C.375 5 3/26/91 REV. 546 C h L INTERNATIONAL LOT 29, CT 61-10, MAP NO. 11134 C.M.W.D. 91-C.375 12/12/91 FF 151/91/00 EXHIBIT "A" ALL THAT PORTION OF LOT 29 OF CARLSBAD TRACT NO. 81-10, UNIT NO. CALIFORNIA, ACCORDING TO MAP THEREOF NO. 11134, FILED IN THE 2-A, IN THE CITY OF CARLSBAD, COUNTY OF SAN DIEGO, STATE OF OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY JANUARY 31, 1985, BEING A STRIP OF LAND 15.00 FEET IN WIDTH, LYING 7.50 FEET ON EACH SIDE AND PARALLEL WITH THE FOLLOWING DESCRIBED CENTERLINE: BEGINNING AT THE MOST NORTHEASTERLY CORNER OF SAID LOT 29, SAID LINE OF RUTHERFORD ROAD; THENCE CONTINUING ALONG THE NORTHERLY POINT OF BEGINNING BEING A POINT ON THE SOUTHERLY RIGHT OF WAY PROPERTY LINE OF SAID LOT 29 AND ALONG SAID RIGHT OF WAY LINE OF RUTHERFORD ROAD SOUTH 75 01'02" WEST, 16.38 FEET TO THE TRUE POINT OF BEGINNING; THENCE LEAVING SAID NORTHERLY PROPERTY LINE AND SAID SOUTHERLY RIGHT OF WAY LINE ALONG SAID CENTERLINE SOUTH 10 18139t* EAST, 45.50 FEET; THENCE NORTH 79 41'21" EAST, 15.00 FEET TO THE POINT OF TERMINUS. THE SIDELINES OF THE SAID STRIP OF LANDS SHALL BE LENGTHENED AND/OR SHORTENED AT ALL ANGLE.PO1NTS AND SHALL BE CONTINUOUS AND SHALL BEGIN IN SAID SOUTHERLY RIGHT OF WAY LINE OF RUTHERFORD ROAD, AND SHALL TERMINATE IN A LINE PERPENDICULAR TO SAID CENTERLINE AT CENTERLINE TERMINUS. AREA OF DEDICATION, PARCEL A: 907.54 SQUARE FEET. ,- CHARLES S. KAHR R.C.E. 23907 DATE REGISTRATION EXPIRES 12/31/93 WS/l51-91 \ CHARLES S. KAHR R.C.E. 23907 DATE REGISTRATION EXPIRES 12/31/93 KAHR AND ASSOCIATES ,5600 AVENIDA ENCINAS, SUITE 133 EXHlBlT '6 ! CARLSBAD, .CA 92008 Ph(619)431-9301 WATERLINE EASEMENT LOT 29, CT SI-lo, MAP NO. 11134 Jl4 151/4rIoo 91111q I CI*WD91-C.%5 CWWQ 91-C a3 7 5 ', LOCAT.ION' MAP 548 VICINITY MAP , C & L INTERNATIONAL LOT 29, CT 61-10, MAP NO. 11134 CMWD 91-C.315