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Lien Agreement for Public Improvements 1988-132347494 �8-+8rw 132347 REQUESTED BY AND WHEN RECORDED, RETURN T0:. CITY CLERK'S OFFICI+ CITY OF POWAY �VL `A L, _y P O. BOX 789 4:I)1�N I i- d. -0i-? f POWAY, CA 92064 APN 277 - 020 -16 LIEN AGREEMENT FOR PUBLIC IMPROVEMENTS THIS AGREEMENT entered into by and between the CITY OF POWAY, a TVO FEE municipal corporation of the State of California sometimes hereinafter referred to as "City," and Ronald Topp, 3656 Lago Sereno, Escondido, CA 92025 sometimes hereinafter referred to as "Property Owner." WHEREAS, Property Owner and City have agreed to the installation of certain public improvements in the right of way of Old Coach 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, Property Owner and City have agreed to share the costs of said improvements; and WHEREAS, City has loaned to Property Owners 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 improvements 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 equal to Property Owner's share of cost to be established by Resolution of the City Council of the City of Poway in connection with the installation of improvements to Old Coach 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: IS J a „ 4� vV 495 Principal Obligation Not to Exceed: $3,512.00 Interest Rate on Unpaid Balance: 5 % per annum Number of Annual Equal Payments of Principal Plus Accured Interest: nine (9) (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, executors, 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 construction 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 incumbered 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 J0 day of �p®4/ L , 1987 at Poway, California. Signatures to be Notarized Signatures to be Notarized Property Owner: By: ZA ICr ...�L! ATTEST: �! �Uc City Clerk m /lienl -3 CITY OF POWAY, a municipal corporation By: Mayor (City Seal) LEGAL DESCRIPTION ORDER NO. 800722 -V PARCEL A: v v 497 Parcel 4 of Parcel Map No. 9452 in the County of San Diego, State of California, s; according to Map thereof filed in the Office of the County Recorder of said County, December 6, 1979 as File No. 79- 512636 of Official Records. PARCEL B: An easement an4 right of way for ingress and egress for road and public utility purposes and appurtenances thereto over, under, along and across a strip of land 60.UU feet in width lying within the Southwest Quarter of the Southwest Quarter of Section 17, the Southeast Quarter of the Southeast Quarter of Section 18 and the Northeast Quarter of the Northeast Quarter of Section 19 and the North One Half of the Northwest Quarter of Section 20, all in Township 13 South, Range 1 West, San Bernardino Base and Meridian, in the County of San Diego, State of California, according to Official Plat thereof, the center line of said 60.00 foot strip being described as follows: Commencing at the Northwest corner of said Section 20; thence along the Northerly line of said Section 20, North 89 °11'47" East, 819.65 feet to Point "A" of this description; thence South 52 °04'45" East 47.95 feet to the Southerly line of the Northerly 30.00 feet of said Section 20; thence along said Southerly line North 89 °11'47" East, 583.25 feet, to the TRUE POINT OF BEGINNING; also being Point "B" of this description; thence retracing the last two courses South 89 °1147" West 333.25 feet and North 52 °04'45" West 47.95 feet to said Point "A "; thence North 52 °04'45" West, 126.25 feet; thence North 72 °24'22" West, 733.73 feet to the Easterly line of said Section 18; thence along said Easterly line North 00°19'23" West, 43.9.2 feet to the intersection with a tangent 270.00 foot radius curve concave Northwesterly; said intersection being Point "C" of this description; thence Southwesterly along; the arc of said curve through a central angle of 67 °:30'30" a distance of 318.00 feet; thence along a generally Southwesterly direction to the existing travelled County Road known as Old Coach Road as located on November 13, 1970. E:.CEPTING from said 60.00 foot strip that portion lying Southerly and Southeasterly of a line described as follows: Beg;inniug at Point "B" described above; thence South L9 °11147" West, 30.00 feet; thence South 44 °11'47" West, 4.2.43 feet to the intersection with the Southerly line of the Northerly 60.OU feet of said Section 20. ALSO E::CEPTING THEREFROM any portion lying within Section 19. PARCEL C: An easement and right of way for ingress and egress for road and public utility purposes and appurtenances thereto over, under, along and across a strip of land 60.00 feet in width lying within the Southwest Quarter of the Southwest Quarter of Section 17 and the Southeast Quarter of the Southeast Quarter of Section lb, all in Township 13 South, Range 1 West, San Bernardino Base and Meridian, in the County of San Diego, State of California, according to United States Government Survey, the center line of said uO.00 foot strip being described as follows: - continued- 4 VV 498 LEGAL DESCRIPTION CONTINUED ORDER NO. 800722 -V PAGE TWO Beginning at Point "C" described in Parcel B above; thence along the West line of said Section 17 to a point distant thereon North 0019'23" West 465.41 feet from the Southwest corner of said Section 17 said point being the beginning of a tangent curve to the right having a radius of 70 feet; thence Northeasterly along the arc of said curve through an angle of 73 °31'42" a distance of 89.93 feet; thence tangent to said curve North 73 °12119" Last 68.43 feet; thence North 55040'U1" East 242.25 feet; thence North 70 °19119" East 150.53 feet, thence North 59 °42'39" East 379.56 feet; thence North 55 °3x'17" East 237.11 feet, thence North 75 °10159" East 213.46 feet; thence North 39 015'45" East 154.16 feet to the East line of the Southwest Quarter of the Southwest Quarter of said Section 17. -Said easement to terminate in the East with said East line of the Southwest Quarter of the Southwest Quarter of Section 17. PARCEL D: An easement and right of way for ingress and egress for road and public utility purposes and appurfenances thereto over, under, along and across that certain strip of land delineated and designated on Parcels 3 and 4 of said Parcel Map No. 9452 as "Proposed 40 foot Private Road Easement ". The easements herein described are hereby declared to be appurtenant to and for the use and benefit of the present and future owners of all or any portion of herein above described. Parcel A Reserving from Parcel A described above an easement and right of way for ingress and egress for road and public utility purposes and appurtenances thereto over, under, along and across that portion lying within Parcel D described above. WAS 1/24/80 PARTNERSHIP ACKNOWLEDGMENT * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * State of On this the day of 19 before me, * ) SS. * County of ) * the undersigned Notary Public, personally appeared * * * * * * * ❑ personally known to me * * ❑ proved to me on the basis of satisfactory evidence * to be the person(s) who executed the within instrument * on behalf of the partnership, and acknowledged to me that * the partnership executed it. * WITNESS my hand and official seal. * * * * * Notary's Signature * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * CORPORATE ACKNOWLEDGMENT * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * State of On this the day of 19 before me, * ) SS. * County of ) * the undersigned Notary Public, personally appeared * * * * * * * ❑ personally known to me * * * ❑ proved to me on the basis of satisfactory evidence to * be the person(s) who executed the within instrument as * or on behalf of the corporation * therein named, and acknowledged to me that the corporation * executed it. * WITNESS my hand and official seal. k * Notary's Signature `GENERAL ACKNOWLEDGMENT v v 499 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * State of D% 0. b en n , 61�- On this the<zD- " day of 19 1�E2, before me, * ) _ SS. * County of� * the undersigned Notary Public, personally appeared * 1�pNa�r� k- Toe(? * personally known to me * * * e,,_1en OFFICIAL SEAL me on the basis of satisfactory evidence LEAN R JOHNSON person(s) whose name(s) subscribed * _ - NOTARY PUBLIC - CALIFORNIA within instrument, and acknowledged that he- * SAN D1zG0 COUNTY My ccmm expires FEB 18, 1989 iNo -• � nd a official seal. * * * * * u re * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * PARTNERSHIP ACKNOWLEDGMENT * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * State of On this the day of 19 before me, * ) SS. * County of ) * the undersigned Notary Public, personally appeared * * * * * * * ❑ personally known to me * * ❑ proved to me on the basis of satisfactory evidence * to be the person(s) who executed the within instrument * on behalf of the partnership, and acknowledged to me that * the partnership executed it. * WITNESS my hand and official seal. * * * * * Notary's Signature * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * CORPORATE ACKNOWLEDGMENT * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * State of On this the day of 19 before me, * ) SS. * County of ) * the undersigned Notary Public, personally appeared * * * * * * * ❑ personally known to me * * * ❑ proved to me on the basis of satisfactory evidence to * be the person(s) who executed the within instrument as * or on behalf of the corporation * therein named, and acknowledged to me that the corporation * executed it. * WITNESS my hand and official seal. k * Notary's Signature