HomeMy WebLinkAboutContracts & Agreements_6-11 RDA`"v'
RECORDING REQUESTED BY:
Ticor Title Company
AND WHEN RECORDED, MAIL TO:
The Redevelopment Agency of the City of Redlands
210 E. Citrus
Redlands, Ca, 92373
YICOR TITLE
RIVERSIDE
Electronically Recorded in official Records, County of San Bernardino
6121/2011
DENNIS DRAEGER
09:57 AM
FV
DIV- ASSESSOR - RECORDER - CLERK
`f 619 Ticor Title Company
Doc #: 2011-0250964 Titles: 1
Pages: 10
FGes
42
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1111II
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Other
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PAID
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47.00
ESCROW NO: 25035-SD
TITLE ORDER NO:li 600MTWAer
4405346-40
APN: 0169-321-33-0-000
SUBORDINATION AGREEMENT
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.
THIS AGREEMENT, made May 2, 2011 by Ruth P, Collins and Gerald C. Collins owner of the land hereinafter described and
hereinafter referred to as "Owner," and
The Redevelopment Agency of the City of Redlands present owner and holder of the deed of trust and note Furst hereinafter described
and hereinafter referred to as "Beneficiary";
WITNESSETH
THAT WHEREAS, Ruth P. Collins Gerald C. Collins did execute a deed of trust, dated September 11, 2008, to LandAmerica
Commonwealth Land Title Company as trustee, covering: Lotl, Hancock Subdivision, In the City of Redlands, County of San
Bernardino, State of California, as per Map Recorded in Book 15, Page 55 of Maps, In the Office of the County Recorder of said
County, Excepting therefrom that portion conveyed to the San Bernardino County Flood Control District by that certain Deed
Recorded October 23, 1968 In the Book 7116, Page 612.
To secure a note in the sum of $45,000.00, dated September 11, 2008, in favor of Redevelopment Agency of the City of Redlands
which deed of trust was recorded on September 24, 2008 as Instrument No. 2008-0429674, Official Records of said county; and
WHEREAS, Owner has executed, or is about to execute, a deed of trust and note in the sum of $168,50().0() dated
in favor of HicrhTndinq,Inc 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 shall 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
described 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
APN: 0169-321-3 3-0-000
D-46A (Rev. 4>94)
CLTA SUBORDINATION "A" INITIALS: GcC�C
Page No, 1 of 3
(EXISTING DEED OF TRUST TO NEW DEED OF'rRUST)
RECORDING REQUESTED BY:
Ticor Title Company
AND WHEN RECORDED, MAIL TO:
The Redevelopment Agency of the City of Redlands
210 E. Citrus
Redlands, Ca. 92373
TICOR TITLE
RIVERSIDE
THIS SPACE FOR RECORDER'S USE ONLY
ESCROW NO: 25035-SD �f j
TITLE ORDER NO: P,��'/ L,L) N
4405346-40
APN: 0169-321-33-0-000
SUBORDINATION AGREEMENT
NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST 13Ni THE PROPERTY
BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME OTHER OR LATER
SECURITY INSTRUMENT.
THIS AGREEMENT, made May 2, 2011 by Ruth P. Collins and Gerald C. Collins owner of the land hereinafter described and
hereinafter referred to as "Owner," and
The Redevelopment Agency of the City of Redlands present owner and holder of the deed of trust and note fast hereinafter described
and hereinafter referred to as "Beneficiary";
WITNESSETH
THAT WHEREAS, Ruth P. Collins Gerald C. Collins did execute a deed of trust, dated September 11, 2008, to LandAmerica
Commonwealth Land Title Company as trustee, covering: Lotl, Hancock Subdivision, In the City of Redlands, County of San
Bernardino, State of California, as per Map Recorded in Book 15, Page 55 of Maps, In the Office of the County Recorder of said
County, Excepting therefrom that portion conveyed to the San Bernardino County Flood Control District by that certain Deed
Recorded October 23, 1968 In the Book 7116, Page 612.
To secure a note in the sum of $45,000.00, dated September 11, 2008, in favor of Redevelopment Agency of the City of Redlands
which deed of trust was recorded on September 24, 2008 as Instrument No, 2008-0429674, Official Records of said county; and
WHEREAS, Owner has executed, or is about to execute, a deed of trust and note in the sum of $168,500.00 dated
June 7, 9011 , in favor of HiqhTechLending, Inc. 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 shall 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 Ioan provided the deed of trust securing the same is a lien or charge upon the above
described 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
APN: 0169-321-33-0-000
D-46A (Rev. 4/94)
CLTA SUBORDINATION "A" INITIALS: GAL' C
(EXISTING DEED OF TRUST TO NEW DEED OF TRUST)
rage No. I of 3
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 an({
superior to the lien or charge of the deed of trust first above mentioned.
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, it is 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 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 the 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 hereinbefgre
specifically described, any prior agreement as to such subordination including, but not limited, 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 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 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.
D-46A (Rev. 4/94)
Page No. 2 of 3
CLTA SUBORDINATION"A"
(EXISTING DEED OF TRUST TO NEW DEED OF TRUST)
INITIALS: CGCCG
NOTICE: THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION WHICH ALLOWS THE PERSON OBLIGATED ON YOUR
REAL PROPERTY SECURITY TO OBTAIN A LOAN A PORTION OF WHICH MAY BE EXPENDED FOR OTHER PURPOSES THAN
IMPROVEMENT OF THE LAND.
IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS SUBORDINATION AGREEMENT, THE PARTIES CONSULT WITH
THEIR ATTORNEYS WITH RESPECT THERETO.
The Redevelopment Agency of the City of Redlands Ruth P. Colli s
ATTE
BY AGerald C. Collins
Chaicman Secr ary
{ALL SIGNATURES MUST BE ACKNOWLEDGED)
STATE OF CALIFORNIA
COUNTY OF
SAW I3lP tN AFL Dina O
ON XuN1, 15, 2.aik
before me, RAJA d. lr-Log-t;,5 notary public,
personally appeared
—&UT P C�L•t.1 �S lseN CAD C • �t3t.t- 1 rJS
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
helshehheyexecuted the same in his/her/their authorized capacity ies and that by his/her/thei rsignature(s) on the instrument the person(s), or the entity upon behalf of
which the persons 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 AM 8. F' $
CoPrYrdl Won #►1865738
/ No" Public - CtAtlfanic
My Commission Expires; '7 1 2 -2-0 f So lanvOw County
My Comm. Exkn Aar 12.2014
STATE OF CALIFORNIA
COUNTY OF
before me,
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 some 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
My Commission Expires:
D-46A (Rev, 4/94)
CLTA SUBORDINATION "A" INITIALS: l3 CC• r 0c,
Page No, 3 oF3 (EXISTING DEED O1: TRUST TO NEW DEED OF TRUST) —i—
NOTARY CLARITY'
Under the provisions. of Government Code 27361.7, 1 certify under the penalty of perjury
that the notary seal on the document to which this statement' is attached reads as
follows:
Name 6f Notary: A'NA rLaLS
Commission #: 0 i� T v
Place of Execution:
Date Commission Expires:
Date:
Signature:
Print Name:
"Se h=-
ALL-PURPOSE ACKNOWLEDGMENT
STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO } SS
CITY OF REDLANDS )
By the authority granted under Chapter 4, Article 3, Section 1181, of the California Civil Code, and
Chapter 2, Division 3, Section 40814, of the California Government Code, on June 13, 2011, before me,
Teresa Ballinger, Deputy City Clerk, on behalf of Arthur S. Irwin, City Clerk of the City of Redlands,
California, personally appeared Pete Aguilar, Chairman, and Arthur S. Irwin, Agency Secretary, who
proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) mare subscribed to
the within instrument and acknowledged to me that he4he/they executed the same in hisAier4their
authorized capacity(ies) and that by hisAiefEtheir signature(s) on the instrnrnent the person(s), or the
entity upon behalf of which the person(s) acted, executed the instrument.
certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing
paragraph is true and correct.
�E Dr���j�
�,Qorrq r •'' cn
* 1888
WITNESS my hand and official seal.
ARTHUR S. IRWIN, CITY CLERK
Teresa Ballinger, Deputy City Clerk
(909)798-7531
CAPACITY CLAIMED BY SIGNER(S)
{ { Individual(s) signing for oneself/themselves
{ ) Corporate Officer(s)
Title(s)
I
Company
Partner(s)
Partnership
Attorney -In -Fact
Principal(s)
{ } Trustee(s)
Trust
{ x } Other
Title(s): Chairman and Secretary
Entity Represented: Redevelopment Agency of the City of Redlands
THIS CERTIFICATE MUST BE ATTACHED TO THE DOCUMENT DESCRIBED BELOW:
Title or Type of Document: Subordination Agreement
Date of Document: April 14, 2011
Signer(s) Other Than Named Above: Ruth P. Collins and Gerald C. Collins, Owners
RECORDING REQUESTED BY:
Ticor Title Company
AND WHEN RECORDED, MAIL TO:
The Redevelopment Agency of the City of Redlands
210 E. Citrus
Redlands, Ca. 92373
TFUS SPACE FOR RECORDER'S USE ONLY
ESCROW NO: 25035-SD r n co—n�e phlt I
TITLE ORDER NO:
4405346-40
APN: 0169-321-33-0-000
SUBORDINATION AGREEMENT
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.
THIS AGREEMENT, made May 2, 2011 by Ruth P. Collins and Gerald C. Collins owner of the land hereinafter described and
hereinafter referred to as "Owner," and
The Redevelopment Agency of the City of Redlands present owner and holder of the deed of trust and note fast hereinafter described
and hereinafter referred to as "Beneficiary";
rAIJ1001*MDVNII
THAT WHEREAS, Ruth P. Collins Gerald C. Collins did execute a deed of trust, dated September 11, 2008, to LandAmerica
Commonwealth Land Title Company as trustee, covering. Lotl, Hancock Subdivision, In the City of Redlands, County of San
Bernardino, State of California, as per Map Recorded in Book 15, Page 55 of Maps, In the Office of the County Recorder of said
County, Excepting therefrom that portion conveyed to the San Bernardino County Flood Control District by that certain Deed
Recorded October 23, 1968 In the Book 7116, Page 612.
To secure a note in the sum of $45,000.00, dated September 11, 2008, in favor of Redevelopment Agency of the City of Redlands
which deed of trust was recorded on September 24, 2008 as Instrument No. 2008-0429674, Official Records of said county; and
WHEREAS, Owner has executed, or is about to execute, a deed of trust and note in the sum of $168,500.00 dated
T'me 7_ 2011 _ , in favor of HiahTechLending, Inc. 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 shall 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
described 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
APN: 0169-3 21-33-0-000
D-46A (Rev. 4r94)
CLTA SUBORDINATION "A" INITIALS: C—CC y p C
(EXISTING DEED OF TRUST TO NEW DEED OF TRUST)
Page No. 1 of 3
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.
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, it is 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 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 the 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 agreement as to such subordination including, but not limited, 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 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 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.
D-46A (Rev. 4N4)
CLTA SUBORDINATION"A" INITIALS: i,CC
(EXISTING DEED OF TRUST TO NEW DEED OF TRUST)
Page No. 2 of 3
NOTICE: THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION WHICH ALLOWS THE PERSON OBLIGATED ON YOUR
REAL PROPERTY SECURITY TO OBTAIN A LOAN A PORTION OF WHICH MAY BE EXPENDED FOR OTHER PURPOSES THAN
IMPROVEMENT OF THE LAND.
IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS SUBORDINATION AGREEMENT, THE PARTIES CONSULT WITH
THEIR ATTORNEYS WITH RESPECT THERETO.
L%J �
The Redevelopment Agency of the City of Redlands Ruth P. Collins
BY Gerald C. Collins
(ALL SIGNATURES MUST BE ACKNOWLEDGED)
STATE OF CALIFORNIA
COUNTY OF6� .,, �{r �6f -
ON ���C�(� , II t
before me i1eV1ntY r ' notary public,
personally app VU4
d q. Cott, r;
r SHELL Y CG(,il=AM
U � c��iw7a # 19�2X53 �
a � : ' 1l�ik'Y it(llfLiC CALIFORNIA +n
BAN WNARDHID COUNTY 0
C61, l ��IAE� A�Rr4 22 2 15
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 behalfof
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
l" ne ss my hand d offi al se
___Sig
`�
My CommissiotTE Tres: ZA
COU OF CAI:RNIA &1 ! t r�VID
COUNTY OEM 1 (I I
ONO U nk cI
p
before me, C� � f`� "0
personally appeared
\Pub) \ L
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 histher/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalfof
which the person(s) acted, executed the instrument.
Loer-tikunder PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct
My
hand and
ion
D-46A (Rev. 4P34)
,ram �'• :CAlkI. # 1932153
NDTARY PUBUC - CALIFORNIA
5AN BERNARNNO COUNTY f7
F " ` COMM. EXPIAH APRIL 22, 2015 �
Page No. 3 of 3
CLTA SUBORDINATION "A" INITIALS:GC c
(EXISTING DEED OF TRUST TO NEW DEED OF TRUST)
NOTICE: THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION WHICH ALLOWS THE PERSON OBLIGATED ON YOUR
REAL PROPERTY SECURITY TO OBTAIN A LOAN A PORTION OF WHICH MAY BE EXPENDED FOR OTHER PURPOSES THAN
IMPROVEMENT OF THE LAND.
IT IS RECOMMENDED TI-IAT, PRIOR TO THE EXECUTION OF THIS SUBORDINATION AGREEMENT, THE PARTIES CONSULT WITH
THEIR ATTORNEYS WITII RESPECT THERETO.
The Redevelopment Agency of the City of Redlands Ruth P. Collins
,�%� ATTE
By _ + >� ' `" ' Gerald C. Collins
Chairman Secr ary
(ALL SIGNATURES MUST BE ACKNOWLEDGED)
STATE OF CALIFORNIA
COUNTY OF
ON
before me, , notary public,
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 thrif.
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
My Commission Expires:
STATE OF CALIFORNIA
COUNTY OF
before me,
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 OP PERJURY under the laws of the State of California that the foregoing paragraph is true and correct
Witness my hand and official seal.
Signature
My Commission Expires:
D-46A (Rev. 4/94)
CLTA SUBORDINATION "A" INITIALS:_
(EXISTING DEED Ot TRUST TO NEW DEED OF TRUST)
Page No. 3 of 3
ALL-PURPOSE ACKNOWLEDGMENT
STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO ) SS
CITY OF REDLANDS )
By the authority granted under Chapter 4, Article 3, Section 1181, of the California Civil Code, and
Chapter 2, Division 3, Section 40814, of the California Government Code, on June 13, 2011, before me,
Teresa Ballinger, Deputy City Clerk, on behalf of Arthur S. Irwin, City Clerk of the City of Redlands,
California, personally appeared Pete Aguilar, Chairman, and Arthur S. Irwin, Agency Secretary, 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.
0�;•GpPPORA rEO: N
1FOR�\P�\
WITNESS my hand and official seal.
ARTHUR S. IRWIN, CITY CLERK
Teresa Ballinger, Deputy City Clerk
(909)798-7531
CAPACITY CLAIMED BY SIGNER(S)
{ } Individual(s) signing for oneself/themselves
{ } Corporate Officer(s)
Title(s)
{ }
{}
Company
Partner(s)
Partnership
Attorney -In -Fact
Principal(s)
Trustee(s)
Trust
{ x } Other
Title(s): Chairman and Secretary
Entity Represented: Redevelopment Agency of the City of Redlands
THIS CERTIFICATE MUST BE ATTACHED TO TILE DOCUMENT DESCRIBED BELOW:
Title or Type of Document: Subordination Agreement
Date of Document: April 14, 2011
Signer(s) Other Than Named Above: Ruth P. Collins and Gerald C. Collins, Owners
6*omerset
Escrow, Inc.
1221 W. Foodis Blvd.
Upland, CA 91786
Ph.: (909) 982-5515 Faz (909)985-5048
May 2, 2011
TO: Somerset Escrow Inc.
Escrow No.: 25035-SD
Property Address: 509 East Central Avenue, Redlands, CA 92374
ADDITION AND/OR AMENDMENT TO ESCROW INSTRUCTIONS
The instructions in this Escrow No. 25035 are hereby modified, amended and/or supplemented in
the following particulars only:
1. Escrow holder is authorized and instmcted to prepare a Subordination Agreement to be
executed by undersigned parties concerning Note in the original amount of $45,000.00
dated September 11, 2008 secured by Deed of Trust of same date and amount recorded on
September 24, 2008 as Instrument No.2008.0429674 on subject property w described on
said Deed of Trust and more commonly known as: 509 East Central Avenue, Redlands,
CA, 92374. Undersigned parties herein authorize escrow holder to record said
Subordination Agreement along with other documents in this transaction at close of escrow
when in a position to place undersigned beneficiary in no less than SECOND POSITION
on subject property subordinate to a new First Trost Deed and Note secured thereby in
favor of in the amount of $168,500.00.
Undersigned parties herein advise escrow holder that they have satisfied themselves with
the terms and conditions of said new First Trost Deed and Note and herein release escrow
holder of any liability or concern for same. Escrow holder is advised that there is to be no
consideration or reduction in principal balance or interest accrued thereon paid to
undersigned beneficiary through this escrow.
2. Escrow holder is herein authorized to insert date of new First Trust Deed and Note on said
Subordination Agreement, above borrowertsy and beneficiary's signatures, if applicable,
prior to recording of same.
All other terms and conditions remain the same.
EACH OF THE BELOW SIGNED STATES THAT HE/StWAMY HASIHAVE READ THE
FOREGOING INSTRUCTIONS AND UNDERSTANDS AND AGREES TO THEM.
The Redeve,,lop�J, cut Agency of the City of Redlands
BY: ` 4, 1 ATTEST:
Chairperson
Ruth P. Collins Secretary,
Gerald C. Collins
04/25/2011 13:10 FAX 0090520342 CRAFFEY FOPS I[a002
Bsorow No.: 25035-81) PAGE NOdl
,set
Inc.
Lrpland, CA
Ph..: (909) 982.5515 Sax: (9095 99
Somerset Escrow Inc.
1221 W. Foothill Blvd.
Upland, CA 91706
Escrow Officer: Shelley K. Dunham
Escrow No.: 25035-SD
April 14, 2011
Somerset Escrow Inc. IS LICENSED BY THE DEPARTMENT OF CORPORATIONS, STATE OF CALtFORNIA,
ESCROW LICENSE NO.963-1395
Lender will hand you a First Deed of Trust securing a NOW for S167,000.00, executed by Borrowers) herein which you are
inswered to use, provided that on or before May 13, 2011 you rra Inc poshlen to order a policy of title insurance with uma This
Company's exceptions, with a OabRhy ofnot less than SI67,000.00, covering teal property in the County of San Bernardino, Stain
of CA, described as follows.
Lotl, Hancock Subdivision, In the City of Redlands, County of San Bemardlao, State of California, as per Map Recorded in
Book 15, Page 55 of Maps, In the Office of the County Recorder of said County, Excepting therefrom that portion conveyed
to the San Bernardino County Flood Control District by that certain Deed Recorded October 23, 1968 In the Book 7116, Page
612.
PROPERTY ADDRESS: 509 East Central Avenue, Redlands, CA 92374 (NOT VERIFIED BY ESCROW HOLDER)
SHOWING TITLE VESTED IN: Ruth P. Collins and Gerald C. Collins, Wife and Husband as Joint Tenants
>'isLa�aiiliPf9i iTiA
I. Installments of the General and Special County, and City (if any) Taxes, including and special district levies, payments which
am included therein and collected dhnewitb, far current fiscal year, not delinquent' Including taxes for ensuing year, if any, a lien
not yet due or payable. The lien of supplemental taxes, If any, pursuant to the provisions of Senate Bill $13, 1983 Starnes of the
State ofColifornia.
2. Bond-Assessmant of record, all payments due paid
3. Covenants, conditions, restrictions, reservations, rights and rights of way of record, easements and the exception of
minerals, oil, gas, water, carbons and hydrocartrons an or under said land, not of record and in deed to file (if any).
4. New First Trust Deed to file in the principal amount ofS167,000.00,
The close of this escrow Is subJect to borrower and property qualifying for and obtaining a new First Trust Deed loan as per
lender's terns and conditions. Borowers)' execution of lender's loan docunrenta shall be deemed borrowers), fill approval of
all torms and conditions contained therein. Borrower to pay ail torts in connection with this transaction. Lender is to be at no
expense. Deposit of lender's funds shall evidence lender's approval of all terms and conditions contained herein tender wW
hand escrow holder written instructions on lender's own form. Escmw holder to comply with lender instructions with the
exception of those requiring the per{brmaaw of obligations or duties exceeding those imposed by California ao mmry surhorhy,
Of which require escrow holder to assume liability for dta lender's regulatory responsibilities.
Burrower to provide lender with a hazard hismance policy acceptable to leader as per lender's terns and conditions prior to the
close of escrow. Escrow holder is authorized to have lender's loss payee affixed thereto. Escrow holder is authorized to pay
premlmn as required by lender, ;£applicable, and debit borrower at close of escrow for setae,
in the event that the conditions of thin escrow have not been complied with at the expiration of the time provided for herein,
escrow, bolder (hereinafter referred to set you') is hhsiructed to complete the same at the earliest date possible thereathu, unless
wa, or either of us, shall have made written demand upon you for the return of the money or instruments deposited by either of us,
in which case you are instructed m return all instruments and/or cab m the respoctive parties hereto and this escrow will, without
fuller notice, be considered as terminated.
In the event conflicting claims are made upon you In this escrow, you may relnse to take any f iiher action hereunder or you may
BORROWLR(S) iNITIAIS VV ac G
04,25/2011 13:10 FAX 9090520342 CRAFFEY FOPS Q003
Esurow No.: 25035-SD PAGE NO.a
interplead the pardes in any court of comperentjurisdiction, in which case you shall be entitled to your costs, including reasonable
nnorney's fees Incurred therein.
Party electing to cancel this escrow hereby promises and agrees to pay your cancellation expenses.
You are hereby authorized to deposit any funds in documents handed you tinder these escrow instructions, or cause the same to
be deposited with any duly authorized sub -escrow agent, subject to your order at or prior to the close of escrow, W the event you
deem such deposit necessary or convenient for the consummation of Otis escrow,
All disbursements ere to be made by check ofSomerset Escrow Inc., Title Company, or Lender.
All disbursements of funds and/or instruents of tits escrow.shall be mailed, unregistered, to the designated party in accordance
with subject escrow, instructions. However, at your discretion, you may send and/or receive fluids and/or other instruments or
documents by certified or registered mail, overnight delivery, messenger service, facsimile machine, or via E-Mail, in which case
undersigned borrower(s) agree to pay the special handling fees its charged by you tar same.
AO the conditions and demands above are hereby approved mid Vwe wilt hand you due necessary documents called for on my/our
pan to cause title to be shown m above, which you are mithorized to deliver upon payment to you for my/our aecounf-tho above
sum widdn the time at above provided. Pay your escrow charges and my/um proper recording fees, also charges for evidence of
title called for above (whether or not this escrow is consummated), and you are hereby authorized to pay any bonds, assessments
and/or was and any encumbrances of record to show title as called for or necessary to comply with same.
All of the demands of the beneftclary(ies) of the Trust Deeds) as set forth above are hereby agreed to and tire provisions for
extension of time within which escrow may be closed, cancellation of same, mmm of m ttumeres and/or money applies equally to
Reins.
In the event hoar proceeds am not sufficient to cover loan payofl(s) and all costs and charges through this escrow, borrower(s)
agree(s) to deposit funds to cover any shortage.
Disburse the remaining loan funds to the undersigned borrowers.
Somerset Escrow hie. is authori"A to destroy or otherwise dispose of any and all documents, papers, instructions,
correspondence and other material pertaining to this escrow at the expiration of few years from the close of escrow, regardless
of any subsequent amendments, additional or supplemental instructions after date of close of escrow without liability and
without further notice. in the event parties to this escrow require a copy of documentation pertinent to their interest in the
escrow, contained in the escrow file after said file has been placed in storage, parties are aware that Somerset Escrow Inc.'s
fee for the retrieval of said file from storage is $30.00 up front and requires 15 business day advance notice.
PRIVACY NOTi"
This notification is in compliance with Somerset Escrow Ine.'s obligation to comply with Federal (and State) law to safeguard
your nonpublic personal infortandia .
We collect nonpublic personal information about you from die following soaves:
1.) information we receive from you on applications or other forms;
2.) Information about your transactions with us, or others involved in the processing of your transaction and
3.) Information we receivefrom a commenoreportbrg agency.
We do not disclose any nonpublic information about you to those employees who need to know that hrformadon to provide
products or services to you. We maintain physical, electronic and procedural safeguards that comply with federal and state
regulations to guard your non-public personal information.
My/Our signature(A) on all instruments and instructions per Wining to this escrow Indicates my/our unconditional approval of
same.
BORROWER'S SIGNATURE:
✓'-'
Rath P. Coilhu
�
Gerald C. Cou•n
Mailing Address: 509 East Central Avenue. Redlands, CA 92374
Forwarding Address: 509 East Centel Avenue, Redlands, CA 92374
BORROWER(S) INITWL,G;.r""pG, C GG