HomeMy WebLinkAbout1998-042412REQUESTED BY: CFh ip�rna � ��
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City of Arroyo Grande
Doc No: 1998-042412
AND WHEN RECORDED MAIL TO: Off i c i al Records
San Luis Obispo Co
Julie L. Rodewald
City of Arroyo Grande Re co rde r
Community Development Deparhnent J u 1 1 0, 1 9 9 8
P.O. Box 550 T i me : 1 1: 10
Arroyo Grande, CA 93421 r 41
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APN 077-787-004
SUBORDINATION AGREEMENT
Rpt No: 00054245
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NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY
INTEREST IN THE PROPERTY BECOMING SUBJECT TO AND OF
LOWER PRIORITY THAN THE LIEN OF SOME OTHER OR LATER
SECURITY INSTRUMENT. (TffiS NOTICE REQUIRED BY CALIFORNIA
CIVIL CODE SECTION 2953.3)
THIS SUBORDINATION AGREEMENT is made and entered into this 3rd day of June,
1998 by and between LEVON FIVE CITIES, LLC, a California Limited Liability company,
hereinafter referred to as the "Beneficiary," and AGRA FIVE CITIES, LLC, a Califomia Limited
Liability Company, hereinafter referred to as the "Trustor." The undersigned Beneficiary under Deed
of Tnist dated October 29, 1997 and recorded on November 13, 1997, as Document Number 1997-
064574 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 Exhibit A attached hereto
and incorporated 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
as instrument no. 199E-3721� b 37211
Liability Company and recorded C4'�CuYOt�tftl(}l(1�lEi�ilkklS, and does hereby subordinate the interests
of its Deed or Trust thereto.
IN WITNESS WHEREOF, the parties hereto have executed this agreement as of the day
and year first above written.
TRUSTOR
AGRA FIVE CITIES, LLC, a Californis
Limited Liability Company
By: '� ` 6/ C L«� r�
1tS:
Managing Partner
BENEFICIARY
LEVON FIVE CENTERS, LLC, a Califomia
Limited Liability Company
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r:��rrznxswca�acawvsusoa�.z
State of Calif nia
County of O
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O�� tl�before me, _��
IDAT i�1 �NAfjE[TITLE OF O/
personally appeared
INAMEISI OF SIGNEPI511
personally known to me -OR- ❑
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proved to me on the
basis of satisfactory
evidence to be the
person(s) whose name(sl
is/are subscribed to the
within instrument and
acknowledged to me that
he/she/they executed the
same in his/her/their
authorized capacitylies),
and that by his/her/their
signature(s) on the
instrumentthe person(s),
or the entity upon behalf
of which the person(s)
acted, executed the
instrument.
Witness my hand and official seal
ISEALI
ATTENTION NOTARY
The information requested below and in the column to the right is OPTIONAL.
Recording of this document is not required by law and is also optional.
It could, however, prevent fraudulent attachment of this certiticate to any
unauthorized document.
THIS CERTIFICATE Trtb or 7ype of Document , JI(�YJ�/h�� ��`/�
MUST BE ATTApiED
TO THE DOCUMENT Number of Pepes �� Date oi Document
DESCR�D AT RIGMT:
Sipror�c� 04�e� Than Nsmed Ahove
WOLCOTTS fORMl3137 Mv. ]�Y{ Ipiw clm l�3AI �19Y� WOICOTTS FORMS. INC.
ALL PURPOSE ACKNONM1EDGMENT FOR CALIFOflN1A VJITM $IGNEN CAPACITY/qEP0.ESENTATION/fW0 FINGERPFINTS
RIGHT THUMBPRINT �Optionall
ACITV ClA1MED BY SIONENIS)
OIVIDUALIS)
OHPORATE
OFFICER�S�
rtrt�cs
❑PARTNEF�S) ❑UMITFD
❑GENERAL
❑ATTORNEV IN iACT
❑TRUSTEEIS�
❑GUARDIAN/CONSERVATOR
❑OTHER:
SIONEH IS HEPpESENTINO:
INsma of Poraonlel or Entity�iea�
RIGHT T}iUMBPRiNT �Optionep
CAVACITV CLAIMED BV SIONEX�b)
❑INDIVIDUALI51
❑CORPORATE
OFFICERISI
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❑PARTNERI5) ❑IIMITED
OGENEHAL
OATTORNEV IN fACT
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❑OTMER:
SIONEH IS HEPRESENTINO:
INams o/ Penonl�l or Entky�ie��
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Exhibit A
Pazce14 of Pazcel Map AGAL 95-133 as recorded in Book 51, Page
83 of Pazcel 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.
END OF DOCUMENT