RecD04 2004-146612 - Laserfiche WebLink

Browse Search

RECORDING REQUESTED BY Alliance Title Company AND WHEN RECORDED MAIL TO. Nlme C I TLf or ¡<edúX:ai C I 71f Slreel 10/'1 M\ P(JtÏt-.fftJ...O ({O. M- J . . {')t:::jðWCOO c.lT"," elt- (¡Ub{;]., Clty,Statl ,- {t -I / Zip 2004-146612 03:04pm 07/15/04 SA Fee: 19.00 Count of pages 5 Recorded in Official Records County of San Mateo Warren Slocum Assessor-County Clerk-Recorder \ 111111 \\1\\ 111\\ 11\\1111\\ 1111\ \\1\\ 1111111\\11111\ \\111 \\11\\ \11\\1 II \11\ *20040146612AR* Order No. 11241595-285-CH 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 31- day of March" 2004 by GEORGE G. MOFFATT ImU "VTe! P. MOFFA... AI\A.... JOYCE MO""A'n.tlUS8ANB AND 'vi'I"! AND KATHLEEN J. TOMPSON. AKA KATHLEEN TOMPKINS owner of the land hereinafter described and hereinafter referred to as "Owner", and CITY OF REDWOOD CITY. A MUNICIPAL CORPORATION present owner and holder of the deed of trust and note first hereinafter described and hereinafter referred to as "Beneficiary"; WITNESSETH V1Ç \~)V THAT WHEREAS, Owner has executed a deed of trust, dated MAY 2. 2001, to FIDELITY NATIONAL TITLE INSURANCE COMPANY , as trustee, covering: All that certain real property situate in the City of Redwood City, County of San Mateo, State of California, described as follows: Lot 2, Block 2, as delineated upon that certain Map entitled "Jefferson Acres, Redwood City, California", filed for record in the Office of the Recorder of the County of San Mateo, State of California, on March 24th, 1922 in Book 11 of Maps, at Pages 1 and 2. to secure a note in the sum of $80.000.00 , dated MAY 2. 2001 *UO/- ()œlS25 in favor of CITY OF REDWOOD CITY, which deed of trust was recorded 5/14/01 INSTRUMENT NO.: -2eð )-OM¿5 Offiicial Records of said county; and WHEREAS, Owner has executed, or is about to e , in favor of hereinafter referred to as "Lend r', payable with interest and upon the terms and conditions described therein, which deed of trust isto be recorded COl]Q1Hrently 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, 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 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 or Lender; and 0-24 (Page 1 of 3) suborda (rev. 07/21/98)