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Home My WebLink About2014-266Su 6rot'na-hon Nj re� � 2nt Title of Document THIS COVER SHEET ADDED TO PROVIDE ADEQUATE SPACE FOR RECORDING INFORMATION ($3.00 Additional Recording Fee Applies) 2a 14-ZG4 Recording-Requuested. -ByElectronically Recorded in Official Records, County San Bernardino 7!31/2014 of Fir-AMerjcanTHel o n �n y Wit. DENNIS DRAEGER 02:34 PM FV AND WHEN RECORDED MAIL DOCUMENT TO: { ASSESSOR - RECORDER - CLERK _ NAME �C��t7''n..,,o,--1--mlG �_ Yelbpmen-i 838 First American Title Company �-' DOC#: 2014-0277689 Titles: 1 Pages: 7 STREET ALL!!! rC (� ADDRESS �^ ` (� `` � L 1 S- YW *3U1 v I Ivo �J Fees 36.00 ZIP ODCITETE acSa � � CJI Yt �crGi� n o ICA Taxes r .00 - �4O PAID 36.00 SPACE ABOVE FOR RECORDER'S USE ONLY Su 6rot'na-hon Nj re� � 2nt Title of Document THIS COVER SHEET ADDED TO PROVIDE ADEQUATE SPACE FOR RECORDING INFORMATION ($3.00 Additional Recording Fee Applies) Recording Requested By First American T-HeCompany AND WHEN RECORDED MAIL DOCUMENT TO: NAME EWnc)MIG Developmfnt STREET Y)c y 1� � I I ((( �- �-� 1 ADDRESS go N Dr-�h C'�yQ .}{l �� CITY, STATE & A ZIP CODE 'SVL/' • ��iYY�GrG�IYt o !/` ��V 1!�/O SPACE ABOVE FOR RECORDER'S USE ONLY So bDrd�n��h� f�gre..ern-e,n�- Title of Document PIIS REA FOR RECO'DER'S U E ONL THIS COVER SHEET ADDED TO PROVIDE ADEQUATE SPACE FOR RECORDING INFORMATION ($3.00 Additional Recording Fee Applies) RECORDING REQUESTED BY FIRST AMERICAN TITLE COMPANY RESIDENTIAL DIVISION RECORDING REQUESTED BY: Pure Logic Escrow, Inc. Order No. 4658229 - OP Vj W Escrow No. 14 -1073 -MG Parcel No. 0155-421-17 AND WHEN RECORDED MAIL TO: ECONOMIC DEVELOPMENT AGENCY 201 NORTH "E" STREET, #301 SAN BERNARDINO, CA 92401 SPACE ABOVE THIS LINE FOR RECORDER'S USE SUBORDINATION AGREEMENT NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE PROPERTY BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME OTHER OR LATER SECURITY INSTRUMENT. THIS AGREEMENT, made this 30 day of July, 2014, by Troy B. Moore and Alessandra Moore, Husband and Wife as Joint Tenants owner of the land hereinafter described and hereinafter referred to as "Owner", and REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO present owner and holder of the deed of trust and note first hereinafter described and hereinafter referred to as "Beneficiary"; WITNESSETH THAT WHEREAS, Owner has executed a deed of trust, dated September 22, 2008, to FIRST AMERICAN TITLE INSURANCE COMPANY, as trustee, covering: ,SES Exhibit "A" Real property in the City of San Bernardino, County of San Bernardino, State of California, described as follows: LOT 32, TRACT NUMBER 6280, IN THE COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA, AS PER PLAT RECORDED IN BOOK 79 OF MAPS, PAGE(S) 72 AND 73, INCLUSIVE, RECORDS OF SAID COUNTY. APN #: 0155-421-17 Commonly known as: 3437 Fairfax Drive, San Bernardino, CA 92404 to secure a note in the sum of $32,600.00 , dated September 22, 2008, in favor of Beneficiary, which deed of trust was recorded on September 30, 2008, as Instrument No. 08-439083, Official Records of said county; and WHEREAS, Owner has executed, or is about to execute, a deed of trust and note in the sum of $122,512.00, dated _July 25, 2014_, in favor of Sacramento I" Mortgage, Inc. dba Infusion Mortgage, hereinafter referred to as "Lender", payable with interest and upon the terms and conditions described therein, which deed of trust is to be recorded concurrently herewith; and WHEREAS, it is a condition precedent to obtaining said loan that said deed of trust last above mentioned shall unconditionally be and remain at all times a lien or charge upon the land hereinbefore described, prior and superior to the lien or charge of the deed of trust first above mentioned; and WHEREAS, it is a condition precedent to obtaining said loan that said Deed of Trust last above mentioned shall unconditionally be and remain at all times a lien or charge upon the land herein before described, prior and superior to the lien or charge of the Deed of Trust first above mentioned; and WHEREAS, lender is willing to make said loan provided the Deed of Trust securing the same is a lien or charge upon the above described property prior and superior to the lien or charge of the Deed of Trust first above mentioned and provided that Successor Beneficiary will specifically and unconditionally subordinate the lien or charge of the Deed of Trust first above mentioned to the lien or charge of the Deed of Trust in favor of Lender; and WHEREAS, it is to the mutual benefit of the parties hereto that Lender make such loan to Owner; and Successor Beneficiary is willing that the Deed of Trust securing the same shall, when recorded, constitute a lien or charge upon said land which is unconditionally prior and superior to the lien or charge of the Deed of Trust first above mentioned. NOW, THEREFORE, in consideration of the mutual benefits accruing to the parties hereto and other valuable consideration, the receipt and sufficiency of which consideration is hereby acknowledged, and in order to induce Lender to make the loan above referred to, it is hereby declared, understood and agreed as follows: 1. That said Deed of Trust securing said Note in favor of Lender, and any renewals or extensions thereof, shall unconditionally be and remain at all times a lien or charge on the property therein described, prior and superior to the lien or charge or the Deed of Trust first above mentioned. 2. That Lender would not make its loan above described without this Subordination Agreement. That this Agreement shall be the whole and only agreement with regard to the subordination of the lien or charge of the Deed of Trust fust above mentioned to the lien or charge of the Deed of Trust in favor of the lender above referred to and shall supersede and cancel, but only insofar as would affect the priority between the Deeds of Trust hereinbefore specifically described, any prior agreement as to such subordination including, but not limited to, those provisions, if any, contained in the Deed of Trust first above mentioned, which provide for the subordination of the lien or charge thereof to another Deed or Deeds of Trust or to another mortgage or mortgages. Successor Beneficiary declares, agrees and acknowledges that: (a) Lender in making disbursements pursuant to any such agreement is under no obligation or duty to, nor has Lender represented that it will, see to the application of such proceeds by the person or persons to whom Lender disburses such proceeds and any application or use of such proceeds for purposes other than those provided for in such agreement or agreements shall not defeat the subordination herein made in whole or in part; (b) Successor Beneficiary intentionally and unconditionally waives, relinquishes and subordinates the lien or charge of the Deed of Trust first above mentioned in favor of the lien or charge upon said land of the Deed of Trust in favor of Lender above referred to and understands that in reliance upon, and in consideration of, this waiver, relinquishment and subordination specific loans and advances are being and will be make and, as part and parcel thereof, specific monetary and other obligations are being and will be entered into which would not be made or entered into but for said reliance upon this waiver, relinquishment and subordination; and (c) An endorsement has been placed upon the Note secured by the Deed of Trust first above mentioned that said Deed of Trust has by this instrument been subordinated to the lien or charge of the Deed of Trust in favor or Lender above referred to. NOTICE: THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION WHICH ALLOWS THE PERSON OBLIGATED ON YOUR REAL PROPERTY SECURITY TO OBTAIN A LOAN A PORTION OF WHICH MAY BE EXPENDED FOR OTHER PURPOSES THAN IMPROVEMENT OF THE LAND. City of San Bernardino, acting as the Successor Housing Agency to the Q Redevelopment Agency of the City of San Bernardino SIGNED IN COUNTERPART Allen Padrer, City Manager Owner City of San Bernardino SIGNED IN COUNTERPART Owner (ALL SIGNATURES MUST BE ACKNOWLEDGED) IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS SUBORDINATION AGREEMENT, THE PARTIES CONSULT WITH THEIR ATTORNEYS WITH RESPECT THERETO. NOTICE: THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION WHICH ALLOWS THE PERSON OBLIGATED ON YOUR REAL PROPERTY SECURITY TO OBTAIN A LOAN A PORTION OF WHICH MAY BE EXPENDED FOR OTHER PURPOSES THAN IMPROVEMENT OF THE LAND. City of San Bemardino, acting as the Successor Housing Agency to the Redevelopment Agency of the City of San Bernardino Alien P er, CityManager City of San Bernardino SIGNED IN COUNTERPART (ALL SIGNATURES MUST BE ACKNOWLEDGED) IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS SUBORDINATION AGREEMENT, THE PARTIES CONSULT WITH THEIR ATTORNEYS WITH RESPECT THERETO. CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT State of California CIVIL CODE § 1189 County of ;ee On,�7/&l .�y ZO/%� before me, % Dat. Here Insert N nd Title of the Officer personally appeared 11167 Name(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(s`whose name(,$)'is/aw subscribed to the within instrument and acknowledged to me that he/sK/tpey executed the same in his/FA/tf eri - authorized capacity(iW-, and that by his/l;ll6r_/)r signaturek< on the instrument the persorAW, or the entity upon behalf of which the person*<a-cted, executed the instrument. I certify under PENALTY OF PERJURY under the VALERIE R. MONTOYA laws of the State of California that the foregoing Commission # 1985357 h is true and correct. z.K: , Notary Public -California Z paragraph p Z '�' San Bernardino County n My Comm. Expires Aug 2, 2016 tWITNESS my hand d official seal. Signature: Place Notary Seal Above OPTIONAL Signature of Notary Pu 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 form to another document. Description of Attached Document Title or Type of Document: Document Date: Signer(s) Other Than Named Above: Capacity(les) Claimed by Signer(s) Signer's Name: ❑ Corporate Officer — Title(s): ❑ Individual ❑ Partner — ❑ Limited ❑ General ❑ Attorney in Fact ❑ Trustee ❑ Guardian or Conservatc.:s ❑ Other: Signer Is resenting: Signer's Number of rate Officer — Title(s): ❑ Individual ❑ Partner — ❑ Limited ❑ General ❑ Attorney in Fact ❑ Trustee ❑ Guardian or Conservator ❑ Other: Signer Is Representing: O 2012 National Notary Association • NationalNotary.org • 1 -800 -US NOTARY (1-800-876-6827) -Item #5907 CALIFORNIA ALL-PURPOSE CERTIFICATE OF ACKNOWLEDGMENT State of California County of(cbn20, lawVlr`7 who proved to me on the basis of satisfactory evidence to be r _ e n(s)ose n e(s a s bscribed to the withi meat and ac[cnow ed to hat hdsh they the a in is/h heir hot izcd capac' (i s . by hi r/their ger refs on the Instrument the pe n s). r the entity upon behalf of which o(s a ted, execut a ins nt. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. BRfF rNEYAIDMDRIAd4= W ITN and o i leisI seal. N COMM. # 1957997 Notary Public -California L SAN BERNARDINO N 1 (Notary Sean My mission Expires Oct. 24, 2016 ` Siwe N iso ADDITIONAL OPTIONAL INFORMATION DESCRIPTION OF THE ATTACHED DOCUMENT (Title or description ofamacled document continued) Number of Pages Document Date (AddWoml inforraalion) CAPACITY CLAIMED BY THE SIGNER ❑ Individual (s) ❑ Corporate Officer (•inlet O Partner(s) ❑ Auotney-in-Fact O Trustee(s) ❑ Other 2W$VasianCAPAvl2.1a07800.873-9865 www.NotasyClasuscou INSTRUC770NS FOR COMPLETING THIS FORM AnT arbrmrkdgazew tompkied In Calms arae coulm rerblagr exarxh as appears above to de nomy moss or a separate ackwxrkdl;Lww farm suno he proper y eongdesed and attacked to dun docw ww eke a* exception a tf a &W&mear & w be mconkd omskk of Catijomia. la ruck imiames. say ahemwn e acbsairkdgmenr nerbkV as mar ke prftwd on sash a dnewsw# so I&V as the wrr&W does mar require eke tmm7 w do sawthkrg thw is Al al jar a mmvy is CalOwa (Lteary[,r"ng the aaMwctd cap=iq• of the signer). Pkase cher# flee doraanorm emrfrdly far pnper nawreal wanhug amt atwh thisfarm ifregmnd. • state and County inforadwh mum be the State and County where the document s,*tc {s) personally oppcoW before the notary public far admowledgmem. • Date of nolanSalton moa be the dale that the sigreds) personally appeared %stich must also be the same date the acknottiedgmient is completed. • 1be notary public must prat his or her mute as it appears within his uu her Crssion followed by a cotnna and theft your title Inatury public). • Prim the tmnets) of document signa(s) who personally appear at the time or noarvatiott. • Indicate the correct singular or phial fams by crossing off incorrect forts (i& hdAdlhey- k iare) or circling the eor ecu foram Faitwe to etsrcWy indicate this information may lead to reyection of document rcctud14 g. • The notary seal impression must be clear aM photographically repmducihte. Impression mast not cover text or lines If seal impression smudges, re -sew it a suffieian arra permits. othemitse complete a different acknowiedgmem form, • signature orihe nnolary public mug rrratch the signature on file with the office of dm coaly clark- d Aildtioral infanoatiom is not nequh but could help to ensu a this acknowledgment is ami misused orattached to a different doeurnent. 0 Indicate fink or typo of otmdmd document, nwabcr of pages mud due. 0 Indicate the capacity claimed by the signer. Ir the claimed capacity is a eopoale officer. millicatc the title (Le. CEO, CFO, secretary). •' Securely attach this document to the signed document