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Home My WebLink AboutContracts & Agreements_6-1986_CCv0001.pdf RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO NAME A,Ennu'Ess CeTy & STATE L SPACE ABOVE THIS LINE FOR RECORDER'S USE SUTIOWDINAT10I.N AGREE.NIENT 7- '\()TICL: THIS SUBORDINATION Y"BLEATENT RESULTS IN' YOUR SECURITY INTEREST YN THL PROPERTY 111"COMING SVIIJECTTO AND OF LOWER PRIORITY THAN THE LIEN OFSOML OTHER OR LATER SECIAOTY JN STR I ,MEET`. ENT. THIS AGREEIF made ...... D fl -....M. M. Garliq9t�qp,jqsqrance Services, Inc. r) ON+Jle'jOf the, land hereinafter described and hereinafter referred to as '*Owner", and..... 1.C i,ty _9 f_Re 0 Ian"If,s,*.......... ......*.............................................*........*...........*...*..........*.......*----------*...... ... * r-r........ present `4 0o01ci 11111d holder of the &XXXXX&", and note first hereinafter described and hereinafter referred to as "Deeficiary"; Lien Agreement WITNESSET11 THAT ......l,n c,.,. did execute a date -5-772,0:7R5.... to,........--Ci.t-y....of..Y,,P-dlands,., �1"engfffe- bmenl -liVeovering: ------- Lots 16, 17 and 18, Block 15, Redlands Heights Map No. 2, in the City of Redlands, County of San Bernardino, State of California, as per Map recorded in Book 6 of Maps, Page(s) 36, in the Office of the County Recorder of said County. Together with that portion of the alley which was vacated by the City of Redlands, lying Northerly of the North line of Lots 16 through 30. to sec'ure a TkWe in the sum of dated--...�aY... in favor of,-_Ci:t=.y... whic,l) ARWXKXKXKwas recorded.,.-5n23:-,85-...,as...laat--#-85.7-123�Q08 ...... �111 , Officia t(FM-,�,tTfe lyt n county; and Wilf"REAS, Omiier has executed. or is about to execute, a deed of trust and note in the surra of 8-191,550-00.— ......----- ......— dated,..... ......-.............--....... -----...-......... in favor of ...... hereinafter referred to as "Lender", payable Awith interest and ul)on the terms and conditions, described therein, 0iich decd of trust is to be recorded concurrently herewith; and WHERY,,k`N% it is a condition precedent to olaaining said loan 1hat -said deed of trust last abovc nientioned shall be and reniain at all times a hen or charge upon the land hereinbefore described, prior arid superior to the lie" or- chal,e of the XM, tLXR-wMfirLt: above mentioned; arid Lien Agreement Lender is ovillin- to ritake said loan provided the deed of trust securing the satire i> to lien or charge 111-n the al-ve described 1,aroperty prior and SLII)Crior to the hen or charge of the1004XXVk)W first above mentioned and I)l oided that Beneficiary will specifically and unconditionally subordinate the lk�% �g, �TT �ffn4,, &OL),,WXW fiat 'd-ke Tile" toned to the lien or charge of the deed of trust in favor of Lender; arid Lien Agreemen - Form 3221 Standard (Subordination Form -A-I 1C IdI'tI1��t4, it i� for tlttx rrl!<€hall lretielit ttI t11t juntic, hr rrtto 0,0 I,a°ntlt�r inakc Yoh Anttl to (onm: alul low- "my is isllfrlo , t11,It tltt €1E`f'fi f f it"l. t stzfaaAq Ow `ani Anvil. Yl"i tm,rflt•ol, t+owtrt€rte as lQ , tr tlzut;r all"m -aid Lmd uhAT is um oordilitrtl,tlls jq ka acid -ulterior to the un ;,I (haw -f 111c IKKNOCKI tiI-w <tlunc trwicttwd, NOV i C}i fi t E Lien Agreement. y t i�OV `t ltt.113".1`tt10 in f(klnidinatowl of t re inrilti,i I�f`lt hi, eitflP inp Ito the 1tarrie, 1wi-rtf} and f,'7t wr Y'7a111d th, c onsidt'rai iow the re;'eq and �rpf�SC&p, , of v4hi,j, ('f,rlaehlmhol i, her"f`1t�V' St'k ri7(1141€`EtL°t't1. and in olJ" ^'l to !??f n2 o 3,#'Elor to natke the Ita n aalt lie re'ft�rwd hk h Iw herf�l,� Aq l:It"L ElmN C�Ino d and up "€,wil a- folk"": (1) `I`}tat said deed of tram xecaarkg said nate in Lu Gtr of I.€UT. and alert rerreto ab for v Ee Kioats tll<;Ire. o:of, nhadl uracttrdithnni0v Ile and renutin at .all times as lien or rllarcv rota the prcklleny tlaerr,�in det"crillc,rl. prior ,and saperieor to the lied or chaarfrr> of the &)LNLKXXXjXX fiat aabottc, Ine ntitoned, Lien Agreement t2�1 `that lxn&T ~could "a aiAp its loan alowe de-mil"I "Whotlt ON arbor diliaii m apteeniest. +'_i} That thi, a„>rerernmoshall he the whole and only apret-r"t t frith repard No Me subordination id the lies err ttaa"e of tlac, f all#lie naearti<�one>d to belien for t1har�c� of the deed of trust in f<a"or f Lender ah e Ia�f I t a l w KI IC upent- , and r anovL logit only iln-ofar a, nordd a lftc t the print itt” betas=earl the deed- of trait Irvn itrhefore speQht taHy r'dew i ihel anv prior cap"wnrew a, to sruir suhordina- Inal in€ludinrt. but riot broiled to, those pronlJonn if ally. tr,tllEritied in the e X" first donne laaen- tiori€t v,hiol protide for the dolor dinaHon of the lien or that �e thrret>f Ito 111, , ANIEWTHId, of (mist or to another nua gage or Inort raag", Benefit i,art ]ext fares, agree, and ;ackn o"k dge- that (a) fie consent- to and goinotev (i) all prrotikni; of thew note and Gleed of trust ill favor of Lr:taeler alcove referred to. and (ii 1 all app-niirents, including Ina( licit limited to any Ioan or enrotc agreen;ents. between Owner and krod" for the th4 ursernent of to }trtor•€wd4 of Leiper' loan; t,h1 Under in nraUnp disdoars meets lnarsuMt to area apt sno- me°tat is under not olol0aticon or ]tarn to. actor ha, Lend" relorewwwd batt it will. see toxo the aapldir btri A sada llrtweeds by Ac pnsm or perstola, to uho n Derider dislturwe .a1eh lan"eeds and any at}tlo k-mion or u-cy of such proceeds for }purposes otle'r than thtoct provided for in sucli agreement or agreen-wiltA shall not rdefealt the ulocar<lira;itierra herein r%iedc tri (chole or in Pao; (c) Ile it)tell ticonahv alit] Unconditionally waiter, reluului-11c- and �,ubordinales the lien or ch<ar,,tc of the a first lonsc�-rnerit%tantd srr.,favor of the lien fo ar r ch ;,<o d arge up,m land of tire deed ofIrrr�t in OS et �� men,€rereferred to and understand- that in reliance upon, and in consideration of, this wait r, relinpi,hrrierlt and suhordinmion specific, loan, and aadvaanees are keine incl will he mak and, as liar( and Ioareel therecof, specific monetary and other ololitrations art, being and 4111 he entered into which could not he made: to entered into but for said reliarioeupon this Wai`,Vr, rel intdui.slinlent and sub ordin- Son; and (d) An evoorsernimt has Iteen placed Upon the riot(, secured by the x fir-t arl}ow nrelatimled that enlreeme tf 1 salt] " � ha� Itt� th,- anstrurnettt Ioeera sttllerrcdtrrated to the (era rtr r�{rhe o he c eed of tilts( en eeme t' in f<attor~ o "ender I (We re�eri'a d to, NOTICE: TINS SL"110IIlllN k'I'l()N AC1,EENIl NT C O TALNS .,A PlIOVISJON WHICH AI.,I Ofit S THE 1'I:IJSOO r- L.IGA'I'ED ON YOUli lif,Al, IT01"I,11TY SI'(1-EITY TO 0111'AIX A LOAN A POIJTJON 01" !1 111C:II 11 AY BE X- PI'1T?ED LON C)FI'HEII 141145115 `I"HAA 11IP1tC)O I;1II:1`d` 01`, THE LAND. __ .... -- City of Redlands 14. M. Card ngto Insurance Services, Inc. I fits net- M. M. Gar ington— Pres. (AH sipn,Ilum, un:A Ix ;V00"h4wd I COMMONWEALTH LAND This Form Furnished By R TITLE INSURANCE COMPANY IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS SUBORDINATION AGREEMENT. THE PARTIES CONSULT WITH THEIR A`I FORNEYS WITH RESPECT THERETO. I3-:NI Sw""d (SUBORDINATION FORM "A„) RECORDING REQUESTED BY: MAY, 23 1985_. AT 10 AX'i M. BERNARDINO,,CDUKTY,,,,CAUF-,,,,- WHEN RECORDED, RETURN TO: City Clerk FE SVY Cos DtP City of Redlands P. O. Box 280 5-123008 Redlands, Calif. 92373 LISA F"rB P C LIEN AGREEMENT TO SECURE CONSTRUCTION OF PUBLIC IMPROVEMENTS (ordinance No. 1-777—) THIS AGREEMENT, made this �ZOiA_ day of May 1985 , by and between the CITY OF REDLANDS, a municipal corpora- tion hereinafter called CITY, and MAURICE M. GARLINGTON hereinafter called OWNER. WHEREAS, OWNER plans to construct certain improvements to real property in CITY: and WHEREAS, the laws of the State of California and the ordinances of the City of Redlands require that OWNER secure the construction of certain public improvements as a condition prece- dent to said planned improvements and the occupancy thereof; and WHEREAS, it is to the benefit of OWNER that he post an adequate guarantee to insure the construction of said public improvements and that fie agree to install said public improvements; and WHEREAS, CITY is willing to approve said planned construc- tion and occupancy thereof prior to completion of the required public improvement work only upon the condition that OWNER agrees to complete said public improvement work in accordance with the provisions hereinafter set forth, and pursuant to California Civil Code Section 66499 authorizes a lien to be immediately placed upon this property as security for guaranteeing to CITY completion of said public improvement work and payment of claims of laborers and materialmen furnishing labor or material in the construction of said public improvements; NOW, THEREFOR, in consideration of the mutal convenants herein contained and for other good and valuable consideration, the sufficiency and receipt of which is hereby acknowledged, it is mutually agreed as follows : 1. OWNER will at his sole cost and expense will: Construct standard sidewalk along the entire Campbell Avenue Street frontage.