HomeMy WebLinkAboutUntitled NOW THEREFORE, in consideration of the mutual benefits accruing to the parties hereto and other
valuable consideration, the receipt and sufficiency of which consideration is hereby acknowledged, and in
order to induce Lender to make the loan above referred to, itis hereby declared, understood, and agreed
as follows:
(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 thesubordination of 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 above referred to and specifically described, any prior agreement as to such subordination
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.approved (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 agreements shall not defeat the subordination herein made
in whole or in 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 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.
NOTICE: THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION WHICH ALLOWS THE
PERSON OBLIGATED ON YOUR REAL PROPERTY SECURITY TO OBTAIN A LOAN A PORTION
OF ICH Mk BE Mit D FOR OTHER PURPOSES AT IMPROVEMENT OF LAND.
Liadia"
R an ilson, Owner
>7 wives CI' �"k7aria -
C1-7 o"I P4rr' o Ct'Kande,
Beneficiary Valerie Wilso , Owner
(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
•
ACKNOWLEDGMENT
A notary public or other officer completing this
certificate verifies only the identity of the individual
who signed the document to which this certificate is
attached, and not the truthfulness, accuracy, or
validity of that document.
State of California
County of San Luis Obispo )
On 2 eoz -/7 before me, Jose C Martinez, Notary Public
(insert name and title of the officer)
personally appeared fciU ,94)17 )i Z.' i / ‘,)(4.5-e,4
who 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 which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing
paragraph is true and correct.
WITNESS my hand and official seal. r ow • JOSE C. MARTINEZ
U •�c�� COMM.#2116534
05i -1,04-1. NOTARY PUBLIC-CALIFORNIA
3 .�w ra SAN LUIS OBISPO COUNTY 0
g // _ COMM.EXPIRES JULY 18_2019'
Si nature -! ��.,,� (Seal)
1
CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT
A notary public or other officer completing this certificate verifies only the identity of the
individual who signed the document to which this certificate is attached, and not the truthfulness,
accuracy, or validity of that document.
State of [ ] ea /i fc ci'vI i Gt .
County of I. 1 5a,-, La i5 Ob!5/00
On[ 1 O —0-3—db/7 before me,[ 1 /</ 1 /D✓-6191f DIV V / .4/i C
DATE OF (�R-E.Gr"JANE DOE,NOTA PUBLIC"
personally appeared[ 1 /Q O hb•eifi ,TITLEC , I
NAME(S)OF SIGNER(S)
who proved to me on the basis of satisfactory evidence to be the
person(e)whose name(s)is/am subscribed to the within instrument_and
.1.. KITTY NORTON acknowledged to me that he/slimy executed the same in,lust
Com MISOMo.di 2099808 authorized capacity(ie5.) and that by his/her/their signature(e)on the
public•Morals
Notary instrument the person((), or the entity.upon;behalf`.of,which the . •
z Obispo Countfr __
""'` M Comm. res Mar 9 2019 persons}acted,executed the instrument. ;.•_:. :: :<: .r
I certify under PENALTY OF PERJURY under the laws of the State
of California that the foregoing paragraph is true and correct.
•
WITNESS my hand and official seal.
Signature LA—1
OPTIONAL
Though the data below is not required by law,it may prove valuable to persons relying on the documents and could
prevent fraudulent reattachment of this form.
CAPACITY CLAIMED BY SIGNED DESCRIPTION OF ATTACHED DOCUMENT
[0] INDIVIDUAL
[0] CORPORATE OFFICER SUBORD O',ATION AGREEMENT
TLE OR TYPE OF DOCUMENT
[
TITLE(S)
[0] LIMITED PARTNER(S)
[0] GENERAL PARTNER(S) [ 1
NUMBER OF PAGES
[0] ATTORNEY-IN-FACT
[0] TRUSTEE(S)
[0] GUARDIAN/ •NSERVATOR [ 1/5/17 1
DATE OF DOCUMENT
[0] OTHER: [ ]
J 1
I ] [ ]
SIGNER(S)OTHER THAN NAMED ABOVE
SIGNER IS REPRESENTING:
NAME OF PERSON(S)OR ENTITY(IES)
[ 1
L 1
[ 1 •
•
CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT
A notary public or other officer completing this certificate verifies only the identity of the
individual who signed the document to which this certificate is attached, and not the truthfulness,
accuracy, or validity of that document.
State of [ ] CALI W.2-i.itlk
County of ] 'PrP 1 l_tV 15 CR)1SPO
On[ ] - la - f before me,f 1 MEI-155A 1—e1XE1'P.A NOT) R-Y BR,LLL.
DATE NAME,TITLE OF OFFICER-EG,"JANE DOE,NOTARY PUBLIC"
personally appeared f 1 RY PC{a V.[l LS 0 NJ 1'rn10 \J ALEXZiE Vel l LS 0 IJ
NAME(S)OF SIGNERS)
who proved to me on the basis of satisfactory evidence to be the
person(s)whose name(s) is/are sub c i ed two t e w' in ins ment and
:c rile y�n;cz.s+, _�,
TEDCEIRA acknowledged to me that he/she/t ey exe�te 1etha e I�s/ierltheir
COMM.02170262 < authorized capacity(ies) and th by3(1f3ri11t 1ttheiv.signalure J on the
O: : NOTARY PUBLIC-CALIFORNIA instrument the person(s), or 11* ei tlf911 iori!'I lit;hal .#f
z ` SAN LUIS OBISPO COUNTY.rn
.,,, • My Comm ExpiruN0VE11aFJt*2 o Person(s)acted,executed the ins',"welYfr3 B
!ntA
yM
I certify under PENALTY OF P`'�1 `'" ' irs'ofilie Stale'`..
of California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
`
" 14 ' A.
Signatur: ; . . _
w
OPTIONAL
Though the data below is not required by law,it may prove valuable to persons relying on the documents and could
prevent fraudulent reattachment of this form.
CAPACITY CLAIMED BY SIGNED DESCRIPTION OF ATTACHED DOCUMENT
[0] INDIVIDUAL
[0] CORPORATE OFFICER j SUBORDINATION AGREEMENT ]
TITLE OR TYPE OF DOCUMENT
f ]
TITLE(S)
[0] LIMITED PARTNER(S)
[0] GENERAL PARTNER(S) f 1
NUMBER OF PAGES
[0] ATTORNEY-IN-FACT
[0] TRUSTEE(S)
[0] GUARDIAN/CONSERVATOR j 1/5/17 ]
DATE OF DOCUMENT
[0] OTHER: f 1
1 1
I- 1 f 1
SIGNER(S)OTHER THAN NAMED ABOVE
SIGNER IS REPRESENTING:
NAME OF PERSON(S)OR ENTITY(IES)
f 1
f 1
f 1
I declare under Penalty of Perjury that the
Page(s) of the Document to which
this statement is attached read(s) as follows
A notary public or other officer completing this certificate verifies only the identity of the individual who
signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of
that document.
State of
County of
On , before me, -
(here insert name and title of the officer), personally appeared'
who 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 which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing
paragraph is true and correct.
WITNESS my hand and official seal.
Signature
(NOTARY)
(SEAL)
PRELIMINARY REPORT Ticor Title Company of California
YQUEt REFERENCE: 223
LEGAL DESCRIPTION
THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF SAN LUIS OBISPO, STATE
OF CALIFORNIA, AND IS DESCRIBED AS FOLLOWS:
Lot 43 of Tract No. 2310-2, in the City of Arroyo Grande, County of San Luis Obispo, State of California,
according to the Map recorded May 23, 2006 in Book 28, Page 45 of Maps, In the office of the County Recorder
of said County.
APN: 077-255-044
CLTA Preliminary Title Report Printed: 11/7/2016 2:41 PM by MV2
IPrelm(DSI Rev.8/15/16) Page 3 Order No.: 00441170-007-MM1-JC2
r:IND Orp DOCUMENT