HomeMy WebLinkAboutCT 82-02; CHINQUAPIN INVESTMENTS; 84-151401; PropertyRECORDING REQUESTED * 298 &$"$53@ &{" 1.5 iL/U / i", 1
City Clerk
City of Carlsbad
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r AND WHEN RECORDED MAIL TO
7 I
NAME I City Clerk
ADDRESS 1200 Eh Avenue
CITY 8 Carlsbad, CA 92008
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STATE
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94- 1.2'34 APR 25 A::: i ! : .I; 7
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Title Order No. . . . . . . . . . . . . . . . . . .Escrow No. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SPACE ABOVE THIS LINE FOR RECORDER'S USE -
DEED OF TRUST AND ASSIGNMENT OF RENTS
I
BY THIS DEED OF TRUST, made this 7 th day of February ,19 84 ,b
CHINQUAPIN INVESTMENTS, a General Partnership
, herein called Trustor, whose adc
3229 Valley Street, Carlsbad, CA 92008 (number and street) (city) (state zip:
and SAFECO TITLE INSURANCE COMPANY, a California corporation, herein called Trustee, an
1
CITY OF CARLSBAD
, herein called Bene
Trustor grants, transfers, and assigns to trustee, in trust, with power of sale, that property in
The City of Carlsbad, San Diego County, California, descr
SEE EXHIBIT "A" ATTACHED for legal description
See Exhibit "B" attached hereto and incorporated herein for additi
provisions to this Deed of Trust
Trustor also assigns to Beneficiary all rents, issues and profits of said realty reserving the right to collect and use the sa during continuance of default hereunder and during continuance of such default authorizing Beneficiary to collect and E
same by any lawful means in the name of any party hereto.
For purpose of securing:
(1 ) Payment of the indebtedness evidenced by one promissory note in the principal sum of $171,000
of even date herewith, payable to Beneficiary, and any extensions or renewals thereof; (2) the payment of any money tl
advanced by the Beneficiary to Trustor, or his successors, with interest thereon, evidenced by additional notes (indicatil
so secured) or by endorsement on the original note, executed by Trustor or his successor; (3) performance of each ag
Trustor incorporated by reference or contained herein.
On October 25, 1973, identical fictitious Deeds of Trust were recorded in the offices of the County Recorders of the COUI
State of California, the first page thereof appearing in the book and at the page of the records of the respective County R
follows:
COUNTY Book Page COUNTY Book Page COUNTY Book Page COUNTY
Alameda 3540 89 Kings 1018 394 P!acer 1528 440 Siskiysu
Alpine 18 753 Lake 743 552 Plumas 227 443 Sslano Amador 250 243 Lassen 271 367 Riverside 1W3 139405 Sonoma
Butte 1870 678 Los Angeles T8512 751 Sacramento 431025 59 Stanislaus
Calaveras 368 92 Madera 1176 234 San Benito 386 94 Sutter
Colusa 409 347 Marin 2736 463 SanBemza Imo 8294 877 Tehama Contra Costa 70?7 178 Mariposa I43 717 San FFZ?~C~SCQ B820 585 Trinity
Del Morte 174 526 Mendocim 942 242 SanJoaquin 3813 6 Tulare El Dorado 1229 594 Merced 1940 361 San LuisObispo 1750 491 Tuolumne
Fresno 6227 411 Modoc 225 668 San Mate0 6491 600 Ventura Glenn 565 290 Mono 160 215 Santa Barbara 2486 1244 Yolo
Humboldt 1213 31 Monterey 877 243 Santa Clara 0623 713 Yuba Imperial 1355 801 Mapa 922 96 SantaCrur 2358 744
lnyo 205 660 Nevada 665 303 Shasta 1195 293 SanDiego
Kern 4809 2351 Orange 10961 398 Sierra 59 439
The provisions contained in Section A, including paragraphs 1 through 5, and the provisions contained in Section t
paragraphs 1 through 9 of said fictitious Deeds of Trust are incorporated herein as fully as though set forth at length and in
The undersigned Trustor requests that a copy of any notice of default and any notice oFsale hereuyder be maile
address hereinabove set forth, being the address designated for the purwetof mce$ngT'6 n - eL(y. P ~~ to T-
STATE OF CALIFORNIA, [/;,,/22,;- -...5."fl cc
On this the ~_-2nd-. day of 2ar& .- -_ 19 8k, before me,
the undersigned, a Notary Public in and for said County and State,
personally appeared --M i c hael-Q,.LPGara.-.- .-. FOR NOTARY SEAL OR STAMP
) ss. _', " " "
COUNTY oFSan Diecro._~~__~~~.._~~~...- Michael D. 0 Gara l&esi6&?x?t 5f chi2=k€p&&*a
Pxxsident-~ -af -C.hincpapin_- Imzes.tnents
~- "" ~ ~ """_ ~ "" ~" - "_~_~ """ _".. ~~~ "~
______..~.______~_~ -.., personally known to me or
proved to me on the basis of satisfactory evidence to be the person@
whose name0 is m) subscribed to the within instrument and
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0 . " . EXHIBIT "A" LEGAL DESCRIPTION
That portion of Tract Two Hundred Thirty-eight of Thum Lands, in the County of
Jull ulLyv9 JLuL2 G~ vuI I tu~IIIu, zc<si-ding to ??ap thereof No. 1681 , filed in thc of the County Recorder of San Diego County, described as follows:
Beginning at a point in the center line of Chinquapin Avenue, which said point distant 557.93 feet on a bearing of South 61°21 "00" West from the center line section of Chinquapin Avenue with the centerline of Adams Street; thence from said beginning point South 28°39'00" East a distance of 259.00 feet; thence S 61027'00" West a distance of 437.02 feet; thence North 28°39'00" West a distan 259.00 feet to the center line of Chinquapin Avenue; thence North 61°21 '00" Ea distance of 437.02 feet along the center line of Chinquapin Avenue to the placl beginning.
EXCEPTING that the following portion of said real property was by Grant Deed r October 11, 1966 as No. 163477, deeded to the State of California;
"That portion of Tract 238 of Thum Lands, according to Map thereof No. 1681, f in the Office of the County Recorder of San Diego County, December 9, 1915, de
in the Deed to Gilbert R. Kidson, et ux, recorded October 25, 1944 in Book 176 Page 102, San Diego County Official Records, lying Westerly of the following d line:
Beginning at a point on the course described as South K?057'48" West, 50.00 fe the Deed to the State of California, recorded November 27, 1951 in Book 4302, 239, San Diego County Official Records, said point bears South 73°33'06" West, feet from the Easterly terminus of said course; thence (1) North 18°17'05" Wes feet; thence (12) North 15°23'<~41" West, 44.24 feet; thence (3) North 21°24'23" 1131.23 feet to a point on the course described as South 12027"32" East, 304.8 in the Deed to the State of California, recorded November 9, 1951 in Book 4287 Page 97, San Diego County Official Records, last said point bears North 11052'
- n .I Pl I r *.~!r _.___ t-
98,13 feet from the Southerly terminus of last said course,
(ALSO] "EXCEPTING THEREFROM that portion conveyed to the State of California, Proceeding No. 170970, Parcel 1 9 by Final Order of Condemnation, recorded Janu 1953 in Book 4721 at Page 46, $an Diego County Official Records."
"The beari.ngs and distances used in the above description are on the Californi Coordinate System, Zone 6, Multiply distance shown by 1.0000472 to obtain grc level distances,"
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EXHIBIT "B" eGaG ADDITIONAL PROYISIONS TO SUBORDINATED DEED OF TRUST
,..e.,
this deed of trust is given to the City of Carlsbad to insure that the maker th'
constructs, operates and maintains the property described in the Deed of Trust securc as a Senior Citizens Housing Project in accordance with the requirements of said Sec.
Conditional Use Permit 220-A or if not so constructed, operated and maintained, that hereby would allow the reduction of units to meet guidelines established through Con1 Use Permit 220-A and then such changes may be imposed by the Citypf Carlsbad.
No payment shall be required to the City of Carlsbad because of this Deed of Trl except as follows:
1. If the property is operated or maintained in violation of the requirement t' school age children occupy the property or is converted to a use permitting occupanc school age ,children, the Carlsbad Unified School District may declare the maker here
default for an amount equal to the normal and customary fees then chargeable by the district for the use of the property by school age children. Upon payment in full c
proper school ,fees, the Carlsbad Unified School District shall reconvey the lien of Deed of Trust.
2. The entire amount of school fees shall .become immediately due and payable option of th? Carlsbad Unified School District in the event that upon the sale, cow
or other disposition of the property described in the Deed of Trust, the buyer fails
in writing to accept and abide by all the terms and provisions of this Deed of Trust
The maker hereof shall have the right at any time to pay the then proper amount
school fees , Upon payment in full, the lien of this Deed of Trust shall be reconveJ
? This Deed of Trust is given solely to conform with the requirements of the Ci tj Carlsbad and neither the maker nor any partner, officer, agent or employee of the m;
i have personal liability for the reduction of the number of units. The holder there1
I look only to its interest in the property described in this Deed of Trust,
This Deed of Trust shall be subordinated and subject to any deeds of trust to I by Trustor or his successor in interest concurrently herewith or at any time hzreaf
(1) To secure laans called "construction loans," "permanent loans" or any othl loan, refinancing, additional financing, or promissory note given by the purchaser 1
property; and
(.2) To secure the obligations to the City of Carl sbad pursuant to Section 21. the Carlsbad Municipal Code and Conditional Use Permit 220-A,
This Deed of Trust is specifically made subject and subordinate to that certain Dee1 dated February 7, 1984, executed by Chinquapin Investments, a General Partnership,
'Midwest Pacific Financial?, Inc. is named as beneficiary and Burlington Financial Se a corporation as Trustee, which is being recorded concurrently herewith. This Deed is further specifically made subject and subordinate to that certain Deed of Trust February 7, 1984, executed by Chinquapin Investments in which the City of Carl sbad as Beneficiary and Union Land Title Insurance Co., a corporation, as Trustee,
x
CITY OF ARLSBAD
',- L 21 / .? -b 7 CHINQUAPIN p/qy INVESTMENT ri;/ ,y
BY . Ybb// L . L./L4&3~ By : I,/ ,/L. ' ,4.<:2 i i, ,<kc +$/
'A MARY r/ CASIER, Mayor M'ithiel D, O'Gdra, 'President STATE OF CALIFOHNIA )
COUNTY OF SAN DIEGO ) ss
State, personally appeared Michael D. OI'Gara, personally known to me or proved to n basis of satisfactory evidence to be the person who executed the within instrument ' Managing General Partner of the partners of the partnership that executed the with'
and acknowledged to me that such partnership executed the same.
-
On 2nd March , 1984, before me, the undersigned, a Notary Public in E
WITNESS my hand and official seal.
VICKI 1. HARLANDER I . . - . . . - .
SA:) RERNARDNO COWTY ErJTARY PUBLiC - CALLIFORNIA B
:W.dJ) I!]. 6 d/) < ,-,-/]'>(~x-: -/ye ..' I, ,I
in and for said County
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CORPORATE ACKNOWLEDGMENT 293
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$j 8 State of California On this the 70thday of April
(2)
8 County of San Diego Karen R. Stevens 8 8
1984, b
(I 1 ss.
8) !
the undersigned Notary Public, personally appeared
13
MAI7y H. WUR ........................
(?
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<:2 to be the person(s) who executed the within instrument as ;q (3 Mayor ***************
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B personally known to me
0 proved to me on the basis of satisfactory evidence (!I
or on behalf of the corporati
I\ named, and acknowledged to me that the corporation execute(
WITNESS my hand and official seal.
$$ 'Y
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7120 122 NATIONAL NOTARY ASSOCIATION 23012 Ventura Blvd. * EO. Box 4625 - WON
( RK2??'3 ,O.T TZZ
CHICAGO TIS4 qkEQUES@ - "4 , , *. WHEN RECORDED MAIL TO: : DOC tE 1997-@5488 27-FER-E997 03.31 PI1
stan Rei er +( +ST &!.%&b &G?4 I - .( /',<.. y OFFICIAL KEEUROS
50A B%( cg- 4X>V : $< ., ' 1659 SAH DIEFO COUNTY RECORDER'S OFFICE GREGORY Sil1TlI.1 COUljTY RECORDER
c: 9.00
ESCROW NO. 08 07B
ORDER NO. 7836172-5
i '6.- . .. >., s. RF : 7.00 FEES: 36.00 . ;. , . '1: (FOR RECORDER'S USkA 1 nn I. YV
SUBORDINATION AGREdsc: 15.00
NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN
THE PROPEXTY BECOMING SuBjECT TO AND OF LO- PRIORITY THAN THE LIEN OF SOME
OTHER OR LATER SECURITY INSTRUEENT.
PHIS AGREDfENT, made this 03rd day of February, 1997, by Stan Keiser
a married man as his sole and separate X)roT)erty, owner of the land hereiritifter referred to as "Owner", arid Leslie E. Beauchamp and Dorothy C. Beauchamp, Co-Trustees for Beauchamo 1983 Revocable Family Trust present
owner and holder of the deed of trust and note first hereinafter described and hereinafter referred to as "Beneficiary";
WITNESSETH
THAT WHEREAS, Stan Keiser, a married man did execute a deed of trust, dated December 6, 1996, to Chicago Title Co., a California Corporation , as trustee, covering:
That portion of Tract 238 of Thum Lands, in the City of Carlsbad, in the County of San Diego, State of California, according to Map thereof No. 1681, (7 s filed in the Office of the County Recorder of San Diego County, as more '\b@d4-"
particularly described in Exhibit "An attached hereto and made a part hereof.
to secure a note in the sum of $41.221.00, dated December 6, 1996, in favor
of Leslie E. Beauchamp and Dorothy C. Beauchamp. Co-Trustees of the Beauchamp
1983 Revocable Family Trust, which deed of trust was recorded December 27,
1996, as File/Page No. 96-0653714, Official Records of said county; and
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iHEREAs, owner ha.-s ex-e"ted;-.~r-~s..abou~ .to..exe~cii~e.; a .deea .Of rust and
note in the sum of $300.000.00, dated FEBRUARY 14, 1997 , in favor of World Savings, hereinafter referred to as "Lender", payable with interest and upon the terms and conditions described therein, which deed of trust is to be recorded concurrently herewith; and
WHEREAS, it is a condition precedent to obtaining said loan that said
deed of trust last above mentioned shal2 unconditionally be and remain at all times a lien or charge upon the land hereinbefore described, prior and superior to the lien or charge of the deed of trust first 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 descr.ibed 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 parties 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 trust first above mentioned.
PAGE ONE OF TWO PAGES
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NOW, THEREFORE, in consideration of the mutual benefits accruing to the parties hereto and other valuable consideration, the receipt and sufficiency
to make the loan above referred to, it is hereby declared, understood and agreed as follows!
of which consideration is hereby acknowledged, and in order to induce Lender
(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 t?x 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
sUbQrdinatiOn including, but not limited to, those provisions, if any, contained in the deed of trust first above mentioned, 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 approves (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
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
subordination; 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.
. - ". . - . . -. . -. ."" a-greement.~. s.hzsl" i?idf ~~~~e~if.~.~~'suI~~rd~na.tion-h.e-~~e.in .$.aBe .-~-n",wn-*~-e"-o.r..in ."
NOTICE: THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION WHICH ALLOWS THE
PERSON OBLIGATE BE EXPENDED FOR OTHER PURPOSES IMPROVEMENT OF THE LAND.
Chd g
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dslie E. ~eauc m e, Dorothy C. Beau
(Beneficiary) (Owner)
(All signatures must be acknowledged)
f
PAGE TWO OF TWO PAGES
IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS SUBORDINATION AGREEMENT, THE PARTIES CONSULT WITH THEIR
ATTORNEYS WITH RESPECT THERETO. ( SUBORDINATION FORM "A" )
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1661 ~ j
Order No: 7836172 PO5 - -
DESCRIPTION
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THAT PORTION OF TRACT 236 OF THUM LANDS, IN THE cIm OF CmLSBm, IN THE COfJ'NTy
T9E OFFICE OF THE COUNTY RECOFDBR OF SAN DIEGO COUNTY, DESCRCBED AS FOLLOWS:
OF SAN DIEGO, STATE OF CALIFORNIA, ACCORDING TO MAP THEmOF NO. 1681, FILED IN
BEGINNING AT A POINT IN THE CENTER LINE OF CHINQUAPIN AVEm, WHICH SAID POINT
IS DISTANT 557.93 FEET ON A BEARING OF SOUTH 6I.O 21' WEST FROM THE CENTER LINE
INTERSECTION OF CHINQUAPIN AVENOF WITH TKE CENTER LINE OF ADAMS STREET; THENCE
FRON THE SAID BEGINNING POINT SOUTH 28O 39' EAST A DISTANCE OF 259 FEET; THENCE
SOUTH 61O 21' WEST, A DISTANCE OF 437.02 FEET; "HZNCE NORTH 28O 35' WEST, A
DISTANCE OF 259 FEET TO THE CENTER LIXE OF CHINQUAPIN AVED; THENCE NORTH 61O
21' EAST, A DISTANCE OF 437.02 FEET ALONG THE CENTER LINE OF CHINQUAPIN AVENUE
TO THE PLACE OF BEGINNING. t
EXCEPTING THE FOLLOWING PORTION OF SAID REAL PROPERTY DEEDED TO THE STATE OF
CALIFORNIA BY GRANT DEED RECORDED OCTOBER 11, 1966, RECORDER'S FILE NO. 163477.
THAT PORTION OF TRACT 238 OF THUM LANDS, ACCORDING TO MAP THEREOF NO. 1681,
FILED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY, DECEMBER 9,
1915, DESCRIBED IN THE DEED TO GILBERT R. KIDSON, ET UX, RECORDED OCTOBER 25,
1944 IN BOOK 1768, PAGE 102, SAN DIEGO OFFICIAL RECORDS, LYING WESTERLY OF THE
FOLLOWING DESCRIBED LINE:
BEGINNING AT A POINT ON THE COURSE DESCRIBED AS SOUTH 720 57' 48" WEST, 50.00
FEET IN THE DEED TO THE STATE OF CALIFORNIA, RECORDED NOVEMBER 27, 1551, IN
730 33' 06" WEST, 25.00 FEET FROM THE EASTERLY TERMINUS OF SAID COURSE; THENCE
BOOK 4302, PAGE 239 SAN DIEGO COUNTY OFFICIAL RECORDS, SAID POINT BEARS SOWN
(1) NORTH 18O 17' 05" WEST, 375.17 FEET; TRENCE (2) NORTH 150 23' 41" WEST,
44.24 FEET; THENCE (3) NORTH 210 24' 23" WEST, 1131.23 FEET TO A POINT ON THE
COURSE DESCRIBED AS SOUTH 12O 27' 32" EAST 304.84 FEET IN THE DEED TO THE STATE
OF CALIFORNIA, RECORDED NOVEMBER 9, 1951, IN BOOK 4287, PAGE 97 SAN DIEGO
COUNTY OFFICIAL RECOWS, LAST SAID POINT BEARS NORTH 110 52' 12" WEST, 58.13
FEET FROM THE SOUTHERLY TERMINUS OF LAST SAID COURSE.
ALSO EXCEPTING THEREFROM THAT*PORTION CONVEmD TO THE STATE OF CALIFORNIA IN
PROCEEDING NO. 170970, PARCEL 1, BY FINAL ORDER OF CONDEMNATION, RECORDED
ZANUARY 19, 1953, IN BOOK 4721, PAGE 46, SAN DIEGO COUNTY OFFICIAL RECORDS.
THE BEARINGS AND DISTANCES USED IN THE ABOVE DESCRIPTION ARE ON THE CALIFORNIA
SYSTEM, ZONE 6. MULTIPLY DISTANCE SXOW BY 1.0000472 TO OBTAIN GROUND LEVEL
DISTANCES.
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STATE OF CALIFORNIA 1 COUNTY OF o\j7.4&~- }
1662
ON /Fa. /z, /49& BEFORE ME, -PERSONALL APPEEEZD LE=L'~ 2. =AULM/AP-/P #A@
7r,/za &r/ c, ,3F& crf/P-2
P~RSONAL~Y KNOWN TO ME (OR PROVED TO ME ON THE BASIS OF SATISFACTORY
EVIDENCE) TO BE THE PERSON( S) WHOSE NAME(S) IS/ARE SUBSCRIBED TO THE WITHIN INSTRUMENT AND ACKNOWLEDGED TO ME THAT HE/SHE/THEY EXECUTED THE SAME IN HIS/HER/THEIR AUTHORIZED CAPACITY (IES) , AND THAT BY HIS/HER/THEIR SIGNATURE(S) ON THE INSTRUMENT THE PERSON(S), OR THE.ENTITY UPON BEHALF OF ED THE INSTRUMENT.
SIGNATURE: ."X ) \ I -
"
...... ............................ - ... ................. "_... ....... ".. _."_
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n ' CALlEORNlA ALL-PURPOSE ACKNOWLEDGMENT
NAME, TITLE OF OFFiCER - E.G,, 'JANE DOE, NOTARY PUBLIC"
personally appeared p personally known to me - OR - Fproved to me on the basis of satisfactory eviden
to be the person(s) whose name(s> is/E
subscribed to the within instrument and 2
knowledged to me that he/she/they execut
the .same in his/her/their authoriz
capacity(ies), and that by his/her/ths
signature(s) on the instrument the person(
or the entity upon behalf of which t
person(s) acted, executed the instrume
NAME(S) OF SIGNER(S)
and official seal.
Though the data below is not required by law, it may prove valuable to persons relying on the document and could prc
fraudulent reattachment of this form.
CAPACITY CLAIMED BY SIGNER DESCR!PTION OF ATTACHED DOCUMEl
CORPORATE OFFICER
TtTLE(S)
0 ATTORNEY-1N-FACT NUMBER OF PAGES
SIGNER IS REPRESENTING:
NAME OF PERSOEiJS) OR EMIPI(IES)
@IS93 NATIONAL NOTARY ASSOCIATION 08236 Remmel Ave., P.O. Box 7184 Canoga Park, CF