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Covenant Regarding Real Property 2003-0620564DOC 2003 - 0620564 RECORDING REQUEST BY: ) MAY 28, 2003 8:28 OFFICIAL RECORDS CITY OF POWAY ) SAN DIEGO COUNTY RECORDER'S OFFICE WHEN RECORDED MAIL TO: ) GREGORY J. SMITH, COUNTY RECORDER FEES: 11.00 b CITY CLERK ) V4 CITY,OF POWAY ) P O BOX 789 - ) POWAY CA 92074- 0789 ) !. No Transfer Tax Due ) (This space for Recorder's Use) COVENANT REGARDING REAL PROPERTY "The Loy Family Trust ", Gregory G. Loy Trustee and Kirsten A. Loy Trustee of the Loy Family Trust dated February 12, 1999, ( "OWNERS" hereinafter), are the owners of real property commonly known as a portion of Assessor's Parcel Number 323- 071 -18 ( "PROPERTY hereinafter), and more fully described as Lot 5 of City of Poway Tract No. 97 -02, in the City of Poway, County of San Diego, State of California, according to Map thereof No. 14547, filed in the Office of the County Recorder of San Diego County, February 19,'2003. In consideration of the approval by the City of Poway ( "CITY" hereinafter) of Development Review 02 -09, which includes the construction of a 259 - square -foot guest suite, OWNERS hereby agree that no portion of the guest suite shall ever be rented or leased as a separate unit, complete kitchen facilities shall not be installed, and no gas line and /or 220 ampere electrical service shall ever be installed. This Covenant shall run with the land and be binding upon and inure to the benefit of the future owners, encumbrance's, successors, heirs, personal representatives, transferees and assigns of the respective parties. In the event that Development Review 02 -09 expires or is rescinded by City Council, and building permits are never obtained to construct the proposed guest suite, the CITY shall, at the request of OWNERS, expunge this Covenant from the record title of the PROPERTY. if either party is required to incur costs to enforce the provisions of this Covenant, the prevailing party shall be entitled to full reimbursement of all costs, including reasonable attorneys' fees, from the other party. The CITY may assign to persons impacted by the performance of this Covenant the right to enforce this Cov Want against t OWNERS. Dated: S 2 03 s Grego �. Loy, Tru ee Dated: Ki sten A. Loy, Trustee rim 'y CITY OF� POWAY: % Dated: Z " b % By: Z [ (/ Niall Fritz, Director of DevelopitrZnt Services lRo3- I `11 °I i ,CA :IFO1%N1A ALL - PURPOSE ACKNOWLEDGMENT • State of (2-joA CL County of On before me, Mat4h0. {.SO&.LPf Oritinq Y "ht, , Da1� a Name and Title of Officer (e.g.,'Jane Doe, Not ublic") personally appeared 1.0 1 PSTe 1.0 Name(s) of Signers) personally known to me - OR - ❑ proved to me on the basis of satisfactory evidence to be the person(s) whose name(s)jeare subscribed to the within instrument ►KA Y SPA and acknowledged to me that.Ws>e /they executed the caernWbn • 1401942 1 same in hiehef/their authorized capacity(ies), and that by "Dim U la -fib I h4hef /their signature(s) on the instrument the person(s), Nj or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. U/ V Signature of Notary Pubic OPTIONAL Though the information below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent removal and reattachment of this torn to another document. Description of Attached Document- Title or Type of Document: Document Date: aa� a\1 �aod 3 v Number of Pages: Q- Signer(s) Other Than Named Above: X)n In P- Capacity(ies) C laimed by Signer(s) Signer's Name: G w. 1,g i 1i Q' Individual ❑ Corporate Officer Title(s): ❑ Partner — ❑ Limited ❑ - Attorney -in -Fact Trustee ❑ General ❑ Guardian or Conservator ❑ Other: Top of thumb here Signer Is Representing: Signer's Name: J l stria i-O� ❑ Individual • Corporate Officer Ttle(s): • Partner — ❑ Limited ❑ General ❑ Attorney -in -Fact 5?"'Trustee I ❑ Guardian or Conservator ❑ Other: Signer Is Representing: Top of thumb here 0 1994 National Notary Association •8236 Hemmed Ave., P.O. Box 7113,1 • Canoga Park, CA 913094184 Prod, No. 5907 Reorder Call Toll -Free 1.8004816 -6927 u — Y`CF(`RRY —CIrC� zz { —rcm� 8t5P � €-- �- 1t9t9 CAMINCTS..LiC1=RflA BAdt .. �,,.r�. S W tPAY,TO THE 54[ LL/ FORUER OF °� 'u �`� '' V V h �,+sr�f 2�� t—� l C1J UxA o-k S, -90 -9W+�• i.= a�.—�p q pt! =Tao -s r�