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Lien Agreement for Public Improvements 1993-0445361RECORDING REQUESTED BY: CITY OF POWAY WHEN RECORDED RETURN TO: CITY CLERK CITY OF POWAY P. 0. BOX 789 POWAY CA 92074 APN 316 - 070 -13 603 DOD # 1993 - 0445361 13 -7UL -1993 09 :07 AM OFFICIAL RECORDS SAN DIEGO COUNTY RECORDER'S OFFICE ANNETTE EVANS, COUNTY RECORDER FEES: 0.00 For Recorder's Use Only) Doc. Tax Fee -0- LIEN AGREEMENT FOR PUBLIC IMPROVEMENTS THIS AGREEMENT entered into by and between the CITY OF POWAY, a municipal cor- poration of the State of California sometimes hereinafter referred to as "City," and MICHAEL 8 ANITA HANNIFY sometimes hereinafter referred to as "Property Owner." WHEREAS, Property Owner and City have agreed to the installation of a bridge in the right of way of Cobblestone Creek Road in Poway, California; and WHEREAS, Property Owner represents that Property Owner is the record owner of that real property described in Exhibit "A" attached hereto; and WHEREAS, City has loaned to Property Owner monies equal to the share of cost of said improvements to be paid by Property Owner; and WHEREAS, Property Owner has agreed to repay said monies lent to Property Owner by City and to secure said obligation to repay said loan with this Lien Agreement to be recorded in Property Owner's chain of title; and WHEREAS, the installation of said public improvements has been determined to be in the public interest; and WHEREAS, the loan of monies to Property Owner required to install said improve- ments has been determined to be in the public interest. NOW, THEREFORE, IT IS AGREED between the parties hereto as follows: Section 1. City shall loan to Property Owner the sum of $7,576.14, which repre- sents one - sixteenth (1/16) of the total amount of the loan of $121,218.24 in connec- tion with the installation of a bridge on Cobblestone Creek Road. Property Owner agrees that the hereinafter described real property does benefit by the installation of said improvements. Property Owner agrees to repay said loan in annual installments to be added to the tax bill of that real property hereinafter described owned by Property Owner. Property Owner agrees to repay said loan in accordance with the following terms and conditions: 1 /HANN • A 604 • �^ Principal Obligation Not to Exceed - $7,576.14 Interest Rate on Unpaid Balance 5% per annum Number of Annual Equal Payments of Principal Plus Accrued Interest - 5 (Payable April 15 of each year) Section 2. As security for the repayment of said loan, Property Owner does hereby grant to City a lien upon the hereinafter described property in an amount not to exceed the principal obligation set forth in Section 1, plus any and all unpaid interest which may accumulate in the future upon said sum. Said lien shall be binding upon the Property Owner and Property Owner's heirs, successors, assigns, exe- cutors, or other transferees in accordance with the terms and conditions hereof. Notwithstanding the agreement of the parties for the repayment of said sum in annual installments to be added to Property Owner's tax bill, the entire unpaid sum of said loan shall be immediately due and payable upon the transfer of ownership of said real property by Property Owner if said real property has been improved with the construc- tion of a residence thereon. Section 3. Upon payment in full of the full amount due hereunder, City shall promptly upon demand of Property Owner release the lien created hereby. Section 4. Upon demand of Property Owner, if not in default hereunder, City shall subordinate this lien to loans not exceeding eighty percent (80 %) of the fair market value of the property encumbered hereby. Section 5. This agreement and the covenants contained herein shall be binding upon and inure to the benefit of the successors, heirs, assigns, executors, and other transferees of Property Owner, shall run with said real property, shall create an equitable servitude upon the real property, and shall survive the foreclosure of any deed of trust of record as of the date of recordation hereof. Section 6. The legal description of the real property encumbered by the lien created hereby is set forth in full on Exhibit "A" attached hereto and by this reference made a part hereof. -�^ ,,,'IN WITNESS WHEREOF the parties have executed this agreement this APIA' - day of r�wu�(iYJ�,(,a.(J(/ , 1992, at POWdy, (:alifnrnia_ (signatures must be notarized) CITY OF POWAY, a Muni ipal Corporation By: a ATTEST: es L. Bowersox, Kity Manager •. Marjorie K. Wahlsten, ity Cler 1 /HANN1 GENERAL ACKNOWLEDGMENT State of California �(/ County of SS. h�•L! On i the/ay ofK/ /V the undersigned Notary Public, personally YIi.L _ _', It A - ' 1 11 11W ner_" 199 before me, ❑ personally known to me 15f proved to me on the basis of satisfactory evidence OFFICIAL SEAL ANRAAI.BRAWNER to be the persons) whose name(s) A1 subscribed to the o NOTART PUBLIC - CAUFOWan SM DIEGO COUNTY within instrument, and acknowledged that 4*d�`executed it. My Comm. Eegres Nov. 16. 1992 WIT N S my hand and official seal. G Notary's Signature r eY 0 PAWM, 1: EXHIBIT "A" 0 "chat portion of the North Half of the Nort' east Quarter• of Section 22, 'Ibwmddp 14 South, Pangs 2 Meet, San Bartnrdino BmY ind Meridian, in the City of Poway, Cbimty of San Diego, State of California, amoreWxj to United States Government Survey, approved September 11, 1879, described em follows: Cannaic:irg at a point on the Southerly line of that certain 80.00 fool County Highway (F.A.S. 729 (1)) as ahown on the Mip of the relocation of road Survey No. 987, on file in the Off ica of the Canty Surveyor of San Diego Omwtty, said point being opposite Engineer's Station 110 + 89.06 E.C. in the carter line of said Highway &,d bang alm the Easterly terming of a curve in said Southerly line concave Scutkaasterly and having a radius of 2360.00 feat; thane Soutlswaeberly clang said carve, t3trcu g h a central angle of 02.54'48 ", a distance of 120.00 feet to a point thruughhwhich a radial lens of said ems beau North 13'56'08" West; thenoa leaving Idle Southerly list, of said Highway, South 25' 42' 45" East 240.51 feat; thence North 81'13'40" Eclat 181.32 feet; thane South 28'29'00" Fast, 305.45 feet to a point in the cen ar line of that certain 40.00 foot easement for road purposes as described under Parcel 3 in Deed to Holmes S. Meet, at ux, Lervn7ed January 30, 1956 in Bodo 5956, Page 518 of Official Aacnrria; tierce along said center line as follows: south 62142100" Hest, 30.71 feet to a targa, 154.00 foot radius curve Co[""M Southeinatierlyi Southwesterly along the arc of said save 122.24 feet through an ang13 of 46.41'30 "; and tangant to said save South 16000'30" Was 61.42 feet; thence South 39.30'15" East 152.74 feet; thane at right angles to said cutter li.-ns North 50'29'45" East 20.00 feet; thence North 74.33'40" Fast 291.32 feet; UvNca North 13'26' 3o" West 285.08 feat to the 7mm Foimr CF BEET MM, thence retracing South 13'26'30" East 285.08 feet; thence North 74.33140" Past 1.33.00 feet to a point in the Southerly prolongation of the Wily line of the land described in Deed to George B. McFetr'idge, st unn, recorded April 1, 1949 In Book 3158, Page 492 of Official Records; thane Noa-th 13' 53'53" West along said prolcrgeticn and said Westerly line 352.38 feet, More or lase, to an intersection with the center line of said 40.00 foot easement heseinebove referred to; there along said center line, South 54'05'00" Nest 124.49 feet to an angle point therein; and South 62.42'00" was 20.49 feet to an interesaction with a line which bens North 27' 18'00" Nest fra the 1132E POIM OF BMIMIMG; then os South 2.7' 18'00" East 20.00 feat to the 7RJE POIM' OF BBGIMii M. PAMEL 2: I. .. _..: .� 1879 more particularly described as Parcels "A" and "B" as PARS "A" [!.n fir`. 6H r. • 607 4 strip of land 60.W feet in width Use &hbat line of whldn is described as follows: 67m cing at a point on the Southeasterly Line of that certain 80.00 foot musty Highway (F.A.S. 729 (1)), as shorn on the Map of the relocation of Road Survey No. 987 on file in the Office of the 0mxTty Surveyor of said San Diego CUnty, said Point of Comnenicemsit being opposite Engineer's Station 100 + 57.22 B.C. on the center -ins of said Highway and being the wairtarly terminus of a na rve in amid Southeasterly line corrsve Southeasterly and having a radius of 2360.00 feet, a radial line of said curve bearing North 35'39'20" West through said point; thence Nort3easbe�ly along said save through a central angle of 4'16'22" a distance of 176.00 feet to the IMTE POINT OF BMINJING, being also the Northwesterly corner of the land described in Deed to R>bert G. Firth, st ux, recorded Merril 2, 1956 in Book 5998, Page 289 of Official Records; thence along the boundary lire of said land as follows: South 3'58'50" West, 95.30 feet to a tangent 100.00 foot radius save, ax oem Northwesterly; there Southwesterly and Southeasterly along said save 133.75 feet; there South 72039'10" East 185.46 feet to the Southeasterly corner of raid lard; these continuing South 72'39'10" East, 173.47 feet to a tangent 150.00 foot radius save concave Northerly; thence Easterly along said save 41.00 feet; thence tangent to said curve, South 88'18'50" East 99.12 feet to a tangent 250.00 foot radius carve ecn cave Northerly; thence Easterly along said curve 84.98 feet through an angle of 19028130" to a point of reversed curvature Mvina a radius of 145.76 feet; thence Easterly along said save 103.60 feet through an angle of 40' 43'30" ; theca target ire said au ve Sa,=% 67' 03'50" East 53.10 feet; thence South 70' 52'00" East 50.00 feet to the Southwesterly corner of the lard described in deed to David R. Shepardemn, at ux, recorded April 15, 1953 in Book 4821, Page 290 of Official Records; thence along the Southerly lire of said laid South 70.52100" East, 25.00 feet; thence North 86'46'00" Fast, 119.90 feet to Point "A" of this description; theme South 39'30'15* East, 237.91 feet to a point in a line which is parallel with and 10.00 feet Northerly measured at right angles fran the Northerly line of the laid descxi►nd under Parcel 1 in Deed to Holmes S. West, at ux, recorded January 30, 1958 in Boric 5956, Page 518 of Official Retards; thence along said parallel line and the Easterly prolongation thereof, North 82.51'30" East, 409.41 feat, more or less, to an intersection with the Southerly prolongation of the Westerly line of the land described in Deed to George B. htc�e, et ux, recorded April 1, 1949 in Book 3158, Page 492 of Official Records. PAFM "B" A strip of land 40.00 feet in width the cmbsr lire of which is described as follows: Beginning at said Plaint "A" heseinebove designated being also a point in the center lire of that certain 40.00 foot road essatent as described under Parcel 3 in Deed to Holmes S. West, st ux, recorded January 30, 1956 in Book 5956, Page 518 of official Iaeoozds; thence along said center line as follows: (mntirtued ) 60(13 )7arth 16.00'30" Fa Sbuthrasbarly havii nave 122.24 feet; North 54004'00" Fa the lard described 1949 in Book 3158, MEN • `M •'• PARM 3: st, 61.42 feet to a tmnpmrt 150.00 foot radius curve, concay iy a central angle of 46.41'3) "; Northeasterly along said targaut to said save North 62'42'00" Fast 774.42 feet; end at, 124.49 feet to an intersection with the Westerly line of in Decd to George B. Midge, et ux, recorded April 1, Page 492 of official Eaecords. A right of way for road purposes over a strip of lard 30.00 feat in width lying within the Northeast quarter of the Northeast quarter of Section 22 and the Southeast quarter of the Southeast quarter of Section 15 all in Tvmmt ip 14 South, Range 2 West, San Bernardino Base and Veridian, in the County of San Diego, St at)4 of California, according to tlniter4 States Goverment Survey, approved September 11, 1879, the center line of said strip being described as follows: Beginning at the most Northerly corner of Parcel 1 hereinebove described, being the Southwesterly terminus of the center line of a 30.00 foot easement for road purposes as reserved in Deed to George B. Mtatsidge, at unr, recorded April 1, 1949 in Book 3158, Paga 492 of Official Records; tnerna aicng dai,d center line North 39.05140" Fast, 214.95 feet; and North 02.08'30" West, 335.36 feet to "ineer's Station 118 + 66.31 on the miter Line of said County f1oad Survey No. 987 as referred to hereinabove in Parcels 1 and 2.