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Covenant Regarding Real Property 1994-0003147 1514 ~c # 1994-0003147 04-JAH-1994 08=46 AM RECORDING REQUEST BY: ) ) ) ) ) ) ) : \\ \ ) ) No Transfer Tax Due ) (This SDace for Recorder's Use) COVENANT REGARDING REAL PROPERTY CITY OF POW A Y OFFICIAL RECORDS SAH DIEGO COUHTY RECORDER'S OFFICE AHHETTE EVAHS, COUHTY RECORDER RF: 4. 00 FEES: AF: 3.00 MF: 1. 00 8.00 WHEN RECORDED MAIL TO: CITY CLERK CITY OF POWAY P.O. BOX 789 POWAY, CA 92064 Premium Investors of San Diego, a California Corporation ("OWNER" hereinafter) is the owner of real property described in Exhibit A which is attached hereto and made a part hereof and which is commonly known as Assessor's Parcel Number 323-031-02 located at 14251 and 14247 Silver Ridge Road, Poway, California, desires to utilize the Lot 19 and Lot 18 houses as model homes for the surrounding subdivision with a sales office in the Lot 19 garage. That in consideration of the permission granted by the City of Poway by the approval of Temporary Use Permit 93-88 to allow conversion of the existing garage to a sales office does hereby covenant and agree to and with said The City of Poway, a municipal corporation, that when 90 percent of the houses within the La Paz Summit subdivision have been sold, the sales office and all associated improvements shall be removed from the subject garage and future use of this structure will be limited to storage of vehicles. That this agreement shall run with the land for the protection and benefit of all parties concerned, and that if the property should hereafter be conveyed to any other person, firm, or corporation that the instrument by means of which title or any interest in or to said real property, or any parcel thereof is conveyed will contain a restriction limiting the use of the part or parcel so conveyed, or in the event of the conveyance of the whole of said property nereinbefore described, then to use the whole of said property in keeping with this agreement. That if said agreement is violated at any time, action shall be taken by the City of Poway to revoke permission for use as herein stated. Dated: \2 -,2.2- '13 ~ ~&L AGeNr OWNER (Notarize) Dated: J),P.-C-_Z-2 Iqq~ CITY OF POWAY By 72J.v-. '0~t+ - c/~~ (No need to Notarize) 1515 THE LAND REFERRED TO HEREIN IS SITUATED IN THE STATE OF CALIFORNIA, COUNTY OF SAN DIEGO, AND IS DESCRIBED AS FOLLOWS: THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER OF SECTION 18, TOWNSHIP 14 SOUTH, RANGE 1 WEST, SAN BERNARDINO MERIDIAN, IN THE CITY OF POWAY, IN THE COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, ACCORDING TO OFFICIAL PLAT THEREOF. EXCEPT THEREFROM THE WEST 495 FEET. CALIFORNIA ALL.PURPOSE ACKNOWLEDGMENT State of County of } On I~-~,;(;l- 9 B before me ~ DATE ' personally appeared~../ NA~T1.E aFFICE - E.G., 'JAN U .A/J NAME(S) OF SIGNER(S) o /3I1I'SO"'!lII) 11"'0.." tv "'" - 6Ft - Q(proved to me on the basis of satisfactory evidence to be the personM whose name~__ subscribed to the wit~strument and ac- knowledged to me tha h ne/tRey executed the same in ~lIr/thei~horized capaclty():8(t, and that by is or/tReir signature~n the instrument the person~ or the entity upon behalf of which (he- person~acted, executed the instrument. OFRClAL SEAL ",.ARIE LOFTON Notory Publlc-Colitomlo SAN DIEGO COU/IIIY My CammlsslOn ExpIres AprB26.1994 THI~ CERTIFICATE MUST BE ATTACHED TO THE OOCUMENT OESCRIBED AT RIGHT: Though the data requested here is not required by taw, it could prevent fraudulent reattachment of this form. WITNESS my hand and official seal. ~~~ SIGNATURE OF NOT/l..RY No. 5193 - OPTIONAL SECTION - CAPACITY CLAIMED BY SIGNER Though statute does not require the Notary to tiH in the data below, doing so may prove invaluable to persons relying on !tie document. o INDIViDUAL o CORPORATE OFFICER(S) TITLE(S\ o PARTNER(S) 0 LIMITED o GENERAL o ATTORNEY-iN-FACT o TRUSTEE(S) o GUARDIANI ONSERVATOR YOTHER: SIGNER IS REPRESENTING: ~R~ OPTIONAL SECTI~ TITLE OR TYPE OF DOCUMENT f(p ~ 'd:l8-{) / NUMBER OF PAGES DATE OF DOCUMENT / ~ ...ff:fJ:#- SIGNER(S) OTHER THAN NAMED ABOVF ~ P @1992 NATIONAL NOTARY ASSOCIATION.. 8236 Remmet Ave., P.O. Box 7184" Canoga Park, CA 91309-7184