HomeMy WebLinkAbout1998-042410REQUESTED BY: CEtir.qo�c ��•t
City of Arroyo Grande
_ _ _ _
Doc No: 1998-042410 Rpt No: 00054243
AND WHEN RECORDED MAIL TO: Of f i c i al Records
San Luis Obispo Co
Julie L. Rodewald
City ofArroyo Grande Recorder
Community Development Department J u 1 10 , 19 98
P.O. Box 550 7 i me : 1 1: 10
Arroyo Grande, CA 93421 r 4 �
L
APN 077-787-004
SUBORDINATION AGREEMENT
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NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY
INTEREST IN THE PROPERTY BECOMING SUBJECT TO AND OF
LOWER PRIOffiTY THAN THE LIEN OF SOME OTHER OR LATER
SECURITY INSTRiJMENT. (THIS NOTICE REQUIRED BY CALIFOI2NIA
CIVIL CODE SECTION 2953.3)
THIS SUBORDINATION AGREEMENT is made and entered into this 3rd day of June,
1998 by and between AGRA, LLC, a Ca7ifomia Limited Liability company, hereinafter referred to
as the `Beneficiary," and ESJ CENTERS, LLC, a California Limited Liability Company,
hereinafter referred to as the "Trustor." The undersigned Beneficiary under Deed of Trust dated
October 29, 1997 and recorded on November 13, 1997, as Document Number 1997-064575 of the
Official Records in the Office of the County Recorder of the County of San Luis Obispo, State of
California, encumbering the real property described in Eachibit A attached hereto and incorparated
by reference herein as though set forth in full, hereby acknowledges the Irrevocable and Perpetual
Offer to Dedicate an Easement for Drainage Purposes and Incidental Uses and the Irrevocable and
Perpetual Offer to Dedicate an Easement for Sewer Purposes and Incidental Uses, both of which aze
dated May 21, 1998, and executed by ESJ CENTERS, LLC, a California Limited Liability
/ as instrument no. 199� & 37211
Company and recorded q����q��x�t1C7;qryVXl�i, and does hereby subordinate the interests of its Deed
16.00
is.00
or Trust thereto.
IN WITNESS WHEREOF, the parties hereto have executed this agreement as of the day
and year first above written.
TRUSTOR
BENEFICIARY
ESJ CED]TERS, LLC, a California AGRA, LLC, a California
Limited�f_,iability C�pany �� Limited Liability Company
:
its:
Managing Partner
T:\TRANSW GRUGRA\SUBORD.1
Exhibit A
Pazce14 of Pazcel Map AGAL 95-133 as recorded in Book 51, Page
83 of Parcel Maps in the City of Arroyo Grande, County of San Luis
Obispo, State of California in the Office of the County Recorder in
said County.
STATE OF CALIFORNIA ) OPTIONAL SECTION
COUNTY OF��) CAPACITY CLAIMED BY SIGNER
Though statute does not
On 10 -3- �, before me, require the Notary to fill
Not,�ry u c er�.�pnally� eare in the data below, doing
T�¢.v�n Qp �lAUS-C.�d" - so may prove invaluable to
personally known to me - R- (] proved to m on persons relying on the
the basis of satisfactorX evidence to be the document.
person(�) whose name(s is/a�e-subscribed to
the withln instrument and acknowledged to me [] INDIVIDUAL
that he/sirejCZiey executed the same in his/ [] CORPORATE OFFICER(S)
he�/�ir authorized
capacity(�es), and i e s
that b� his/hcrftkrir [] PARTNER(S)[ � Limited
authorized signa- [ ] General
ture(a) on the instru- [] ATTORNEY-IN-FACT
� ment the persons(s,), [ ] TRUSTEE(S)
apy�,�,+�M or the entity upon be- [] GUARDIAN/CONSERVATOR
� 11M�-O��Y half of which the [X] OTHER: �-�-C-
�M��CO�� person(�) acted, exe-
w►������� cuted the instrument.
SI(iNSR IS REPRBBENTING:
WITNESS my hand and Name of person(s) or
official seal. entity(ies):
Signatur of Notar
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TITLE OR TYPE OF DOCUMENT
THZS CSRTIFICATE MIIST BE ATTACHED TO
THE DOCIIMENT DSBCRIHED AT RIGHT:
Though the data requested is not NO. OF PAGES
required by law, it could prevent DATE OF DOCUMENT
fraudulent reattachment of this form. SIGNER(S) OTHER THAN NAMED
ABOVE
END OF DOCUMENT