Lien Agreement for Public Improvements 2005-0685888
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,~E80RDING' REQUESl;EG BY ) I AUG 10, 2005 4'59 PM I
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I 1-lf-FICI,dl F:ECCiF:[,'.,
CITY OF POWAY ) '~.w.(-j [tl[ljO IJ:llt'lT I RElOF:["EH", nf~ICE
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6~ CIF:tl_,UF,'1 .1 '~r'..lITH (DUr'n'j HELUF:[lr:f-:
WHEN ~ECORDED RETURN T():' ) FEr.:'=, 1'~ 1111
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CITY CLERK .' ) illllll 111I1 11111 11111 III!! III!I 11111 11111 II!II 11111 1I111 111111I11!lIlllllllilll i
Clty0F.PO\l\lAY: ,2li'~61 ) 2005-0685888
P 0 BOX,'789 )
POWAY; CA 92074 ) (For Recoraer~s,Use,Only) .-
No Document Transi'er Tax Due
APN -275-380-,15
LIEN AGREEMENT:FORPUBLlClnIIPROVEMENTS
THIS ,AGREEMENT entered into by and between the CITY OF POWAY, a
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municipal :corporation ,of. :the 'State Of ~alifornia sometimes hereinafter referred to a!;
':City:;" ,and EdiNin A: Andress, Trustee of. the Andress Family Trust Agreement. dated
April 25, 1983, hereinafteneferred'fo as "Property Owner"
VVHEREA~, Prop~r:ty 9wp~r and City hav~ agr.~ea ,to .theinstallation of certain
sewer improvements in the Easement of the 12821 block or Corte Dorotea in P.oway,
Califorriia;and
WHEREAS,.Property Owner'represents that. Property Owner is, the record owner
ofthat'real:propertydescribeg in Exhibit "A" attached herejo,and
WHEREAS, City h~as,loaned'to Property Owner monies'equal ,to the share of cost
of said improvements to be'paiCfby Property Owner; and
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VYHE~EAS, Prop,~r1Y' OY':;rWf h<lS <lgreed tOifep~ay ,saidriionies lent to Property
Owner by, City ,and to securejsaid obligation to'repay said .loan with this Lien Agreement
t() be recorded in PropE!rtyiGWner~s. chain of title; and
WHEREAS, ,the instailation of said public improvements has been determined to
bein'the puBlic interest; ana
viih1EREAS, the ioan of m'onies to Property G,wner required to install said
.improvements!ihas'oeen determined to be in the public<interest.
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Now, TiilEREFORE, IT IS AGREED between the parties hereto as follows:
Section i City shall loan to Property Owner'the ,sl,ll11 equal to Property Owner's
~ostfo! seINer impro\iements in the Easement of the 12821 Corte Dorotea, Pr~perty
Owner'agrees,:thatthe.hereinafte['described rea/"prppertydpes benefit,by,the installation
of-said irTlpro\iements, Property. Owner 'agrees to repay said loan in annual installments
to be added to th,e tax.billof,thatreal propertyhereinafte'f aescribed owried by Property
Owner ,Property Owner agrees to;;repay said loan in accordance with the following terms
and' conditions'
Principal.Obligation Not to Exceed - $28,914
Interest Rate on Unpaid Balance - 3 91% per annum
Number of Annual Equal Payments of Principal Plus Accrued Interest - Ten{1 0)
(PayableiNith Property Tax,ASsessments)
Section, 2,. As security for the repayment of saici loan, Property Owner does
hereby gr~nt to City alien upbh ,the hereinafter describec!' property in an amount not to
exceed the principal obligation set, forth in Section I; plu,s' !'lIlY' and all unpaid interest
which may accumulate in theJutlJre upon said sum, Said lien;shall be binding upon the
Property Owner and Property,. Q\CIller's heirs, succes.~orsiassig'ns, executors, or other
transferees in accordance with: the terms and conditions hereof Notwithstanding the
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agreementgf,the parti~sfo~ the repayment of said SlJm' in annual installments to be
adaea to Property Owner's tale bill, the entire unpaid sum of said loanshal[ be,
immediately due and payable ,upohthe.transfer of ownersHip of said real properly by
Property' Owner if said real property has been improved with the construction of a
residence thereon,
Seclion3,Upon payment. in full of the full amount due hereunder, City shall
promptly upon demand of Property6wner release the.lien;created hereby
Section 4 Upon demand~ of Property Owner, if not 'in default hereunder, City
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shall subordinate this lien to I()a[l,s,.p.ot exceeding eighty percent (80%) oMhe fair market
value ofthe propertY'encumberedhereby
Section 5, This <igreementand the covenants contained herein shall be binding
upon ,ana inure to the benefit ofthe 'successors, heirs, assigns" executors, and ,oth,er
fransferees of Propefty,Ownef.:shall.run with said real'property, shall create an equitable
servit(Jde uPClFthe reaL;property, and sh,all survil/e the:foreclosure of'any deed oftrust of
record asofthe date,of recordation hereof
Section 6. Tl;1el~gal description of the real IJroperty ehcumberedby the lien
created. hereby, is set forth in full on Exhibit "A" attached hereto and by this reference
made a part hereof
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26469
. IN WITNESS. VVt:iE~EOF the parties tjave el<ec~ted. this agreement this
,.;;;( q day of ,.o.lG L c( 2005, at Poway, California,
Property Owner,
By' ~ >>t\\,,~ Q 0l-vc W1IV
By'
(Signature Must be;Notarized)
CITY OF POWAY, a Municipal Corporation
By'
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'ATTEST
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L. DianeShea,CMC
City Clerk "'"
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This is to certify tl1at lhe,intgrest iH r~al property conveyed by the deed or grant dated
from . to tile City of Poway, a.
political corporation 'lnd/or~g'ov~rrimentalagericy is hereby acc:;eptedby the undersigned'
officer or agent on behalfof'.the City Council pursuant to authority conferred by
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Res'olution. No 34 adopted on' 'iJ~nuary 20, 1981, 'and the grantee consents to
recordation thereofbyits.duly .authorizecj officer
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Dated: By ",
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L. Diane,~hea; CMC, City Clerk
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· · 26470
CALlFORNIA,ALL.PURPOSE ACKNOWLEDGMENT
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State of califOrnia} 1
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County of ('\ -\P50 '1
On ~ ;:;q, dJ(J{)5 before me.:.9'\~e D. Wor (ell. tJO'nr~ic..
Date _ A \ _ Name and Tille 01 Officer (8 9 Jane D~e Notary Public i
personally appeared Edu:5\ (\ A f\ 0 r p<::,s
Nai118(slof Sign8r(s)
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o personally known to me
'l'l proved to me on the basis of satisfactory 1
evidence I
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J - ~ -..... ~~ "", - ..... - - ~ to be the personjll1 whose name~ Gare 1
. . D.. YI<:lIlRELL subscribed to the within instrument and
1 _~' Ccmm. IIolon #1421698 . acknowledged to me tha. ~sh1!tthey executed
:$. Nolarv 1'IlbIIc. CaUlomIa ;. th" -=h' ~' h' d
,! - -', ~ - ..... ~ e ,same In ~ emlll:::!r aut onze
t .., e:c::::DlegaC:'2007f capacity(ieo), and that by ~h_r '1
, ._ _ _ ~_.-_ ':..~_:.:..--:.:' _' . signature(stonthe,.instrumenttheperson(er,or 'j
I . " '.' , . the entity upon behalf of which the person(sJ 01
f acted; execute.d the instrument.
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WITNESS ,;,y ha"tJ1fficial seal. I
~PLU.-R' ~
Slgnalure ot Notary Public ,I
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OPTIONAL ,I
Though the information below is "l}t requi~ecJ. by Ja_w..it may prove valuable to persons relying an the document and could prevent I
traudulentrefr!ova/ imd r,eattachment af this-farm, to. another document.
Description of Attache~ Document ,1
TitleOrTypeOfDocument:~~~1f~~~ 1
Document Date: '(- .;tg - O"S Number of Pages: Lf 1
1
Signer(s) Other Than Named"Above:
Capacity(ies) Claimed by Signer
Signer's Name: I
1
I 0 Individual Top of thumb here
o Corporate' Officer- Title(s):
o Pa.rtner - 0 limited O'General 'I
o A!torney.,in,Fact
o Trustee 1
D Guardia'n,or: Conservator
1 0 Other: 1
1 1
I' Signerls Representing: 1
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@ 1999 .r;!ational Notary Associati~:m . 93?0 De SolO Ave" P.O,_Box 2402' Chatsworlh. CA 91313 2402' www.nationalnotaryorgPrOd.No. 5907 Roorder: Call TolI.F'ell 1-800-876.6827
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m'\direclor\lien agml.doc
EXHIBIT "A" TO
LIEN AGREEMENT FOR PUBLIC IMPROVEMENTS
AP N, 275-380"15
LOr 88.0FVALLEVERDEESTATES UNIT NO 3,IN J:IjlE CJTY ()F POWAY.
COUNTY'QF SAN DIE90, S[ATE OFGALlFQRNIA,ACC()RDING TO MAP
THEREOF NO 4933, FILED IN THE OFFICE OF THE COUNTY RECORDER
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OF SAN DIEGO COUNTY, MAY 21, 1962