Lien Agreement for Public Improvements 2005-0685891
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pc) RECORDING REQUESTED BY ) AUG 10, 2005 4'58 PM
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CITY OF POWAY ) OF~.ICi.':':',L RECCiFi[J'-,
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WHEN RECORDED RETURN TO' ) FEE; 2~ ou
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CITY CLERK ) liliillll!lilllllllllllllilllllllllll~lillllllllillilllilllllllll11111111111111
CITY OF POWAY 2oA8~ )
POBOX 789 ) 2005-068589
POWAY, CA 92074 ) (For Re:c5lrder's.Use.Only).
No Document Transfer Tax Due
APN - 275-380-19
LIEN AGREEMENT FOR PUBLIC IMPROVEMENTS
THIS AGREEMENT entered into by and between the CITY OF POWAY, a
municipal corporation of the State of California sometimes hereinafter referred to as
"City:' and Michael A. Hoffman and Mary P Hoffman, Husband and Wife, as joint
tenants, hereinafter referred to as "Property Owner"
WHEREAS, Property Owner' and City have agreea to the installation of certain
sewer improvements in the Easement of the 12829 block 'of Corte Dorotea in Poway,
California; and
WHEREAS; Property Owner:representsthat Property Owner is the record owner
of that real property described in Exhibit "A" attachea 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 moriies lent to Property
Owner by City ana to.secu~esaid ob,ligation to repay said loan with this Lien Agreement
to be recorded in Property Owner's chain of title; and
WHEREAS, the ilJstallation 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
improvement~ has been determined to be in the public interest.
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NOW, THEREFORE, IT IS AGREED between the parties hereto as follows:
Section 1 City shall loan to Property Owner the sum, eflua) to Property ()wner's
cost for sewer improvements in the Easement of the 12829 Corte Dorotea, Property
Owner agrees that the hereinafter'des~ribed ceallJr9pertydoes benefifby the installation
of said, improvements. Property OWner 'agrees ,to' repay,said IQan in annlja.linstallments
to be acjdea'to the tax bill of-that cfeal property hereinafter described owned by Property
Owner property Gwner agrees to repay said loan in accord,a.nce with the following terms
and,conditions:
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Principal Obligation NortoExceed - $22,589
Interest Rate:on UJnpaid Balance - 3,91% per annum
Number of Annual' Equal Payments of Principal Plus Accrued Interest - Ten (10)
. "-7', ""'.. --, ..
(Payable'with Property Tax Assessments)
'Section. 2, As security for the. repayment of said .Io,m, Property Owner does
herebY grant to City a lien upon the hereinafter described property in an amount not to
exceed the, principal, otJligCltio(I seHprth in Section I, piUs anY and all unpaid interest
which rmiy;a'ccumulate.:infthe,future,upon said sum. Said lien shall be binding upon the
Property Owner and Pro~erty Owner's heirs, successors" assigns, executors, or other
transferees in accordahte: :with fhe. terms and conditions hereof Notwithstanding the
agreem,ent of'tbe parties for, the repayment of said sUm in annUal installments to be
adaed '.to Property Ownerls tax bill; the entire unpClid sum of said loan shall be
immediately due and payable' upon the transfer of ownership of saia real property by
, - a
Property Gwner if said real proRerty has been improliedwith ,the construction of a
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residence\there6n.
Section.. 3 Upon payment in full of the full amount, due hereunder, City shall
promptly upon. demand of ProRerty Owner release the lien created hereby
'Section.4 Upon d~mand of Property Gwner; if not in default hereunder,City
shall subordinatethislien'to loans not exceeding eighty percent (80%) oflhe fair'market
value of the pr~perty encumbered hereby
,Section 5, Th)s l'lgreernent:,and the covenants contained herein shall be binding
uponal1d inure ,to the benefit 'of the successors, heoirs;, a!;is,ign,s, executors, arid other
tr'imsfereesiof Property Owner, shall run with said real property, shall create an equitable
servitu<:te uppn:th,!,! real':pr_operty,and sh-all survive the foreclosure of any deed of trust of
record as:,OfJhe date,qfrecordation hereof
Section 6 The legal description of the real property encumbered by the lien
created ,hereby is set forth in full, on Exhibit"N attached, hereto and by this reference
made a part hereof
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IN WIJ"NESS' \ilJHERE0F the parties hayeexecuted this 'agreement this
?,<tday.of ~ 2005, at Poway, California, .
Property Owner'
BY~C#~
By' '1f/OO' f tIffn~
(Signature Must be Notarizea)
CITY OF POWAY, a Municipal Corporation
By
~A TTEST
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L. Diane8hea, CMC
City Clerk ,
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This'.is to certify that the i.ntere~t; in real property conveyed by the deed or grant dated
frorh' " ,to the City of poway; a
political cosporation and/or governrrieiiital~gencyis .hereby'accepted by the undersigned
officer or .agent.on behalf of the City 'Go,!JnciI RUrSLJj3n\, to authority conferred by
Resolution No. 34 adopted .0nJanuary 20>.J..,981, and. the grantee consents to
recordation thereof-by its.i:IuJy i;lLJthorized officer -'"
Dated: By' '~
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L. Diane Shea,CMC, City-Clerk
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CALIFORNIA ,ALL.PURPOSE ACKNOWLEDGMENT
State of California lss
County of So..() D,e8O
I On :SLtIA.t~q~ . Pub \~L
Date ~ A.
, personally appeared f(YiChle \
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D personally known to me
~roved to me on the basis of satisfactory
evidence
to be the person~ whose narne(i') jf)are
, , '
I sub~cril;>ed to the within instrument and
[ acknowledged torne,thaqWshellhey executed ,
8' SHsliiEowo ' the same in iG)h8fllheir authorized I
- Comm ,.. ' '. RIlEU
,'HoIarv ':;;~642J,6~8; capacityfim;), and that by~/_r ,
,,~O/iigo~ t slgnatur~n the instrument the persOl>(&j, or ,
~ ' ". '..,QMiiii.... ',' ~ the entity upon behalf of which the person{s)
'. .,' J1Ml~ . acted, e"xedJted'the instrument.
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WITNESS"::'h~fficial seal.
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Signalure of NolarY Public
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OPTIONAL ,
Though the information below is not required by,law, it may prove valuable, to p~rson~.refying on the document and could prevent ,
fraudulenl;removal and reattachment of this form to another document. I
[ Description of Attached Document 'I
[ litle or Type of Document cA ~~ If R I JJ~ ,,~ ,
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Document Date: 1,..c;LCj. Db Number of Pages:
Slgner(s) Other Than Named Above: .MQ.~ f> l-\{) t+lY'Qf\ ,I
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I Capacity(ies) Claimed by Signer I
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Signer.'s Name: I
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D Individual "Top af thumb here I
[ D Corporate ,Officer ~ Tltle(s): ,
[ D Partner-D Limited OGeneral I
D AttorneY-In-Fact
[, D Trustee ,
o Guardian'or Conservator
D Other:,
Signer Is Representing: ]
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@1999NalionaINolaryAssociatiOn"9350De3010Ave" po. &lx 2402. Cl1alsworll1, CA 91313-2402" www,nallonalnolary.Olg Pro:J.'No.5907 R8?rder: Call Toll.Free 1-BOO-87t>-6827
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26486
CALlFORNIAALi...PURPOSE ACKNOWLEDGMENT
State of California }
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County of () 'i t(j 0
on~.~,:~<\ :,J;~;;'ol I~G
personally appeared ' (\
Name(s)of Signer(s)
D personally known to me
~proved to me on the basis of satisfactory
evidence
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I .'. IHERllIE 0, ~,L1. to be the perso"nlt) whose name(i') Glare
l.~ COlnm.. ,,1sIIon.., #142169.,8 ~ subscribed to the within instrument and
i ,.. NoIary P\IbIIC . Call1omla ~ acknowledged to me that -Re!Qthey executed
j . ..5a!lo:r...c~a~ ai" the same in. .~s9/their authorized
MvComm. ...un.. .. capacity(iesj; and that by ~heir
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, " ..' _0 signature(ej-tln the'instrument the person~ or
the entity upon behalf of which the person(s}. .1
acted, executed'the instrument.
\:j:;Y.hand.(J,. dOffiCi~1 ~e,al. 17. /J ,I
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t, Signature of Nota.y Public 'J
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OPTIONAL
Though the information below.is no/required bylaw,' it may prove valuable'to persons relying on the document and could prevent ]
fraudulentremoval and reattachment of this form to anpthiir document. .
1 Description of Attached Document . f) . 1
1 Title or Type of Documen ' y~
"
Document Date: Number of Pages: 6
Signer(s) Other Than Named Above: Ill; cMe I Pr" \-~{)~
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I Capacity(ies) Claimed by Signer I
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Signer's Name: I
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( D Ind)vidual Top of thumb here
, 0 Corporate. Officer - Title(s):
o Partner - 0 Limited 0 General ,I
o Attorney-in,Fact "
o Trustee t
o Guardian or Conservator I
o Other'
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Signer Is Representing: I
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@1999 National Notarj'Associa~on' 9350 De SolO Ave;, P,O:Box 2402' Chatsworth, CA 91313.2402' wWIV,nationalnOlai)'.org Prod. No. 5907 Reorder: Call Totl-Fr'ea 1-600-676-6827
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m:\director\li~n agmLdoc,
EXHIBIT "A" TO
LIEN AGREEMENT FOR PUBLIC IMPROVEMENTS
A.P N 275-380c19
LOT 92 OFVALLE VERDEESTATES UNIT NO 3, IN Tf-lE.CITY OF POWAY,
COUNTY OF SAN OIEGO,SJATE. OF CA~IFbRNIA,AGC(jRDING TO MAP
THEREOF NO, 4933, FILED iN THE OFFICE OF THE,COUNTY RECORDER
OF SAN DIEGO COUNTY, MAY 21, 1962
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