HomeMy WebLinkAboutFarris, Suzanne aka McCann, Suzanne 2005-09-27RECORDING REQUESTED BY:
Fidelity National Title Company
Escrow No.: 05-490100180-MC
Locate No.: CAFNT0923-0949-0001-0235100031
Title No.: 05-235100031
When Recorded Mail Document To:
City of Ukiah
300 Seminary Avenue
Ukiah, CA 95482
Attn: Gail Petersen
(.-2 )U:'.'i....ia'r'•~49
R t e c.., ta'r d e d i: •t: •t: h e •r ec: c) •f
F,11)E:I I:TY NAT10NAL. .11-K (:,C)
0 I .I. t., .l AI... I'tl::.t.,fJl'lDIS
lYl t~ r• s:> I r a n W h ra r •f •f
lylendocA.no CotArf•t•:Y., CA
2005-22749
APN: 002-111-14
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 September 27, 2005, by Suzanne Farris, AKA Suzanne McCann, an unmarried woman
owner of the land hereinafter described and hereinafter referred to as "Owner," and Ukiah Development Agency
present owner and holder of the deed of trust and note first hereinafter described and hereinafter referred to as
"Beneficiary";
WITNESSETH
THAT WHEREAS, Suzanne Farris, AKA Suzanne McCann, an unmarried woman, did execute a deed of trust, dated
November 15, 2000, to Redwood Empire Title Company of Mendocino, as trustee, covering
SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF
to secure a note in the sum of $10,113.00, dated November 15, 2000, in favor of Ukiah Development Agency,
which deed of trust was recorded as instrument no. 2001-12990, on July 10, 2001, in book, page, 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 $ d as
dated in favor of '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, 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 of Lender; and
RECORDED AT REQUEST OF
FIDELITY NATT TITLE
INITIALS:
CLTA SUBORDINATION "A"
FD-46A (Rev. 9/94) (EXISTING DEED OF TRUST TO NEW DEED OF TRUST) Page No. 1 of 3
(subora)(09-05)
APN: 002-111-14
WHEREAS, it is to the mutual benefit of the parties hereto that Lender make such loan to Owner; and 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 of the deed of trust above mentioned.
(2) That Lender would not make its loan above described without this subordination agreement
(3) 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 first above mentioned to the lien or charge of the deed of trust in favor of
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, 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.
Beneficiary declares, agrees and acknowledges that
(a) He consents to and approves (i) all provisions of the note and deed of trust in favor of Lender above
referred to, and (ii) all agreements, including but not limited to any loan or escrow agreements, between
Owner and Lender for the disbursement of the proceeds of Lender's loan;
(b) 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;
(c) He 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 made 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
(d) 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 of Lender above referred to.
IMIINNiH~I~I~I1111 MIII11111111IMII111IIN pa'z~62]4B
INITIALS:
CAA-
CLTA SUBORDINATION "A"
FD-46A (Rev. 9/94) (EXISTING DEED OF TRUST TO NEW DEED OF TRUST) Page No. 2 of 3
(subora)
APN: 002-111-14
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.
IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS SUBORDINATION AGREEMENT, THE
PARTIES CONSULT WITH THEIR ATTORNEYS WITH RESPECT THERETO.
PkO d, Ukiah Development Agency
Candace Horsley
Suzanne Farris
Beneficiary
(ALL SIGNATURES MUST BE ACKNOWLEDGED)
STATE OF CALIFORNIA
COUNTY OF 1777 V AQ d--1,V
ON
Owner
before me,
✓ appeared
personally known to me (es- pre e) to be the personvwhose name(46 is/ate'
subscribed to the within instrument and acknowledged to me that V/she/tXy executed the same in J K/her/t Wlr
authorized capacity(, and that by YOher/thslfr signatures on the instrument the personv,, or the entity upon behalf of
which the person~o acted, executed the instrument.
Witness my hand and official seal. MARIEUt
Commisslon►1g6447r
( Notary Pty . Cowatr
Signature ~AAr
MenciocMo
My Comm. ~ R01
STATE OF CALIFORNIA
COUNTY OF
ON before me,
the undersigned Notary Public personally appeared
personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are
subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their
authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of
which the person(s) acted, executed the instrument.
Witness my hand and official seal.
Signature
11111 Jill 11Y Pgm 316 ]49
CLTA SUBORDINATION "A"
FD-46A (Rev. 9/94) (EXISTING DEED OF TRUST TO NEW DEED OF TRUST) Page No. 3 of 3
(subora)
APN: 002-111-14
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.
IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS SUBORDINATION AGREEMENT, THE
PARTIES CONSULT WITH THEIR ATTORNEYS WITH RESPECT THERETO.
Gail Petersen, Ukiah Development Agency Su nne Farris
Beneficiary
(ALL SIGNATURES MUST BE ACKNOWLEDGED)
STATE OF CALIFORNI
COUNTY O~F+ ( e~
Owner
before me,
personally appeared
u - v
personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are
subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their
authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of
which the person(s) acted, executed the instrument.
Witness my hynnd\and
Signature
STATE OF CALIFORNIA
COUNTY OF
. y ANGELA L. BERG
COMM. #1365019
V NOTARY PUBLIC -CALIFORNIA n
SONOMA COUNTY
My Comm. Expires July 15, 2006
ON before me,
the undersigned Notary Public personally appeared
personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are
subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their
authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of
which the person(s) acted, executed the instrument.
Witness my hand and official seal.
Signature
02]69
~IXIIi1W1~lYpI~1111~IMimINIM111II11MIN pg 415
CLTA SUBORDINATION "A"
FD-46A (Rev. 9/94) (EXISTING DEED OF TRUST TO NEW DEED OF TRUST) Page No. 3 of 3
(subora)
Escrow No.: 05-490100180-MC
Locate No.: CAFNT0923-0949-0001-0235100031
Title No.: 05-235100031
EXHIBIT ""A"
The land referred to herein is situated in the State of California, County of Mendocino, City of Ukiah, and is described as
follows:
Beginning at a point where the North line of Cypress Avenue intersects the West line of North Oak Street in said City of
Ukiah; thence Westerly along the North line of Cypress Avenue, 125 feet more or less to the Southeasterly corner of the
land described in deed from Elmer M. Hooper, an unmarried man, to Richard L. Foster, et ux, dated September 23, 1955
and recorded September 23, 1955 in Book 409 of Official Records at Page 360, Records of Mendocino County, California;
thence Northerly along the East line of said land deeded to Foster, 63 feet to the South line of the land described in a deed
of trust from Arthur P. Matthews, et ux, Trustor; Redwood Empire Title Company, a Corporation, Trustee; and E.M. Hooper
a widower, Beneficiary, of record in Book 631 of Official Records at Page 252, Records of Mendocino County, California;
thence Easterly along the South line of said Matthews land a distance of 125 feet, more or less to the Southeast corner of
said Matthews land which said corner is a point on the West line of North Oak Street; thence South along the West line of
North Oak Street, 63 feet to the point of beginning.
II~IIIAIIMIIIIMNIIIfIINIVIYIIIIM111IIYI pgms~s2'0f
Initials:
i"
-Ll3 2 200
R, El
Fidelity National Title Company
500 Bicentennial Way, Suite 200, Santa Rosa, CA 95403
707 544-1771 • FAX 707 579-1893
ATTN: Gail Petersen Date: September 27, 2005
City of Ukiah Escrow No.: 05-490100180-MC
Ukiah Development Agency Locate No.: CAFNT0923-0949-0001-0235100031
300 Seminary Avenue Title No.: 05-235100031
Ukiah, CA 95482 RE: Your Loan No.:
In connection with the above-captioned escrow, please be advised that our mutual client, Suzanne
Farris are in the process of refinancing their property located at 904 North Oak Street, Ukiah, CA
95482, and legally described as:
SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF
We have been advised that you will execute a Subordination Agreement for your Deed of Trust on the
above-captioned loan. Enclosed is a copy of our Preliminary Report and completed Subordination
Agreement for execution in the presence of a Notary Public. Please forward to us the completed,
executed Subordination Agreement together with any additional requirements and authorization for its
use.
Your cooperation and immediate attention to this matter will be appreciated.
ers
Escrow Officer
707 544-1771
TR
enclosure(s)
Subordination Cover Letter (subcvr)(11-03)
Escrow No.: 05-490100180-MC
Locate No.: CAFNT0923-0949-0001-0235100031
Title No.: 05-235100031
EXHIBIT ""A"
The land referred to herein is situated in the State of California, County of Mendocino, City of Ukiah, and
is described as
follows:
Beginning at a point where the North line of Cypress Avenue intersects the West line of North Oak Street
in said City of Ukiah; thence Westerly along the North line of Cypress Avenue, 125 feet more or less to
the Southeasterly corner of the land described in deed from Elmer M. Hooper, an unmarried man, to
Richard L. Foster, et ux, dated September 23, 1955 and recorded September 23, 1955 in Book 409 of
Official Records at Page 360, Records of Mendocino County, California; thence Northerly along the East
line of said land deeded to Foster, 63 feet to the South line of the land described in a deed of trust from
Arthur P. Matthews, et ux, Trustor; Redwood Empire Title Company, a Corporation, Trustee; and E.M.
Hooper a widower, Beneficiary, of record in Book 631 of Official Records at Page 252, Records of
Mendocino County, California; thence Easterly along the South line of said Matthews land a distance of
125 feet, more or less to the Southeast corner of said Matthews land which said corner is a point on the
West line of North Oak Street; thence South along the West line of North Oak Street, 63 feet to the point
of beginning.
Initials: C"-111~
RECORDING REQUESTED BY:
Fidelity National Title Company
Escrow No.: 05-490100180-MC
Locate No.: CAFNT0923-0949-0001-0235100031
Title No.: 05-235100031
When Recorded Mail Document To:
City of Ukiah
300 Seminary Avenue
Ukiah, CA 95482
Attn: Gail Petersen
APN: 002-111-.14
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 September 27, 2005, by Suzanne Farris, AKA Suzanne McCann, an unmarried woman
owner of the land hereinafter described and hereinafter referred to as "Owner," and Ukiah Development Agency
present owner and holder of the deed of trust and note first hereinafter described and hereinafter referred to as
"Beneficiary";
WITNESSETH
THAT WHEREAS, Suzanne Farris, AKA Suzanne McCann, an unmarried woman, did execute a deed of trust, dated
November 15, 2000, to Redwood Empire Title Company of Mendocino, as trustee, covering
SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF
to secure a note in the sum of $10,113.00, dated November 15, 2000, in favor of Ukiah Development Agency,
which deed of trust was recorded as instrument no. 2001-12990, on July 10, 2001, in book, page, 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 $ Y7 766. 6,0
dated f Z~l //.3 , in favor of CA / ~2TGr - 6-f- -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, 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 of Lender; and
INITIALS:
CLTA SUBORDINATION "A"
FD-46A (Rev. 9/94) (EXISTING DEED OF TRUST TO NEW DEED OF TRUST) Page No. 1 of 3
(subora)(09-05)
APN: 002-111-14
WHEREAS, it is to the mutual benefit of the parties hereto that Lender make such loan to Owner; and 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 of the deed of trust above mentioned.
(2) That Lender would not make its loan above described without this subordination agreement.
(3) 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 first above mentioned to the lien or charge of the deed of trust in favor of
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, 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.
Beneficiary declares, agrees and acknowledges that
(a) He consents to and approves (i) all provisions of the note and deed of trust in favor of Lender above
referred to,. and (ii) all agreements, including but not limited to any loan or escrow agreements, between
Owner and Lender for the disbursement of the proceeds of Lender's loan; .
(b) 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;
(c) He 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 made 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
(d) 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 of Lender above referred to.
INITIALS: CA-.
CLTA SUBORDINATION "A"
FD-46A (Rev. 9/94) (EXISTING DEED OF TRUST TO NEW DEED OF TRUST) Page No. 2 of 3
(subora)
Escrow No.: 05-490100180-MC
Locate No.: CAFNT0923-0949-0001-0235100031
Title No.: 05-235100031
EXHIBIT ""A"
The land referred to herein is situated in the State of California, County of Mendocino, City of Ukiah, and is described as
follows:
Beginning at a point where the North line of Cypress Avenue intersects the West line of North Oak Street in said City of
Ukiah; thence Westerly along the North line of Cypress Avenue, 125 feet more or less to the Southeasterly corner of the
land described in deed from Elmer M. Hooper, an unmarried man, to Richard L. Foster, et ux, dated September 23, 1955
and recorded September 23, 1955 in Book 409 of Official Records at Page 360, Records of Mendocino County, California;
thence Northerly along the East line of said land deeded to Foster, 63 feet to the South line of the land described in a deed
of trust from Arthur P. Matthews, et ux, Trustor; Redwood Empire Title Company, a Corporation, Trustee; and E.M. Hooper
a widower, Beneficiary, of record in Book 631 of Official Records at Page 252, Records of Mendocino County, California;
thence Easterly along the South line of said Matthews land a distance of 125 feet, more or less to the Southeast corner of
said Matthews land which said corner is a point on the West line of North Oak Street; thence South along the West line of
North Oak Street, 63 feet to the point of beginning.
Initials: CAA--
" APN: 002-111-14
NOTICE: THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION WHICH ALLOWS THE PERSON, OBLIGATED ON
YOUR REAL PROPERTY SECURITYTO OBTAIN A LOAN A PORTION OF WHICH MAY BE EXPENDED FOR OTHER PURPOSES
THAN IMPROVEMENT OF THE LAND:
IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS SUBORDINATION AGREEMENT, THE
PARTIES CONSULT WITH THEIR ATTORNEYS WITH RESPECT THERETO.
~ia~i~af p(, Ukiah Development Agency Suzanne Farris
Candace Horsley.
Beneficiary
Owner
(ALL SIGNATURES MUST BE ACKNOWLEDGED)
STATE OF CALIFORNIA
COUNTY OF D t. ZoV gO
ON
before me,
Ily appeared
personally known to me ( e) to be the personVwhose name(Kis/~W
subscribed to the within instrument and acknowledged to me that V/she/04y executed the same in 09/her/tjWir
authorized capacity(, and that by Wher/tl~ signature;f on the instrument the personx,, or the entity upon behalf of
which the personsA acted, executed the instrument.
Witness my hand and official seal.
Signature
STATE OF CALIFORNIA
COUNTY OF
MARIE: ULVI A"~+•~r
Commission # 1464477
Notary Pui
• CaNbMtq
MYCom 20
ON before me,
the undersigned Notary Public personally appeared
personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are
subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their
authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of
which the person(s) acted, executed the instrument.
Witness my hand and official seal.
Signature
CLTA SUBORDINATION "A"
FD-46A (Rev. 9/94) (EXISTING DEED OF TRUST TO NEW DEED OF TRUST) Page No. 3 of 3
(subora)
Shipment Label
California Overnight Shipping Label
OF"
CALIRANIA
IMN
rv~Vu~++.~~la'v~i' CC~ti1
Date Printed 10/14/2005 12:43:38 PM
Shipped From:
CITY OF UKIAH
300 SEMINARY AVENUE
UKIAH, CA 95482
Page 1 of 1
11 1111111111111111111. 1111111
D1001007032.9
Tracking#D10010070325092
Sent By: GAIL PETERSEN
Phone#: (707)463-6213
wgt(lbs) : 0
Reference: 1201
Decl. Value: $0
Ship To Company:
FIDELITY NATIONAL TITLE COMPAN
500 BICENTENNIAL WAY 200
SANTA ROSA, CA 95403
MICHELLE CHILDERS (707)544-1771
Service: S
Sort Code:. PET
Special Services:
Signature Required
http://www.calover.com/webontrac/newrun. asp?delname=FIDELITY+NATIONAL+TITLE... 10/14/05
P. 01 ~c
TRANSACTION REPORT ~c
SEP-28-05 WED 12;30 PM ~c
~c DATE START RECEIVER TX TIME PAGES TYPE -NQTE M# DP ~K
SEP-28 12 ; 29 PM 95280270 ull 0 SEND \,,~BUSY> 414
TOTAL OS PAGES; 0
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FAX TRANSMITTAL
3
, . ~_,`',~~'.,----..~!t-~-► ,~,,i'' DATE:
WAX TE11-1-J'HONE NUMBER)
N1,1IV'tM-B Or- PAC-'ES , INC L.UDING COVER ISHEE7"
0
Calbay Mortgage
Attn: Michael Lindsay
VIA FACSIMILE: 707 528-0272
September 15, 2005
Re: Suzanne Farris mortgage with Ukiah Redevelopment Agency
Michael;
Ms. Ferris received a loan as evidenced by a promissory note from the City of Ukiah Redevelopment
Agency ("RDA") on November 15, 2000 in the amount of $10,113.00 for use in the purchase of real
property.
This note is a silent second to the first mortgage and was subordinated to a new first mortgage on February
11, 2003.
No payment on this note with the RDA is due until the property is sold to a third party (not simply
refinanced). At that time the entire amount is due along with simple interest at 3%, non-compounding.
The RDA has placed no demand on Ms. Farris nor had any further financial contacts concerning this
matter.
Sincerely yours,
Mike McCann
Finance Director
City of Ukiah
707 463-6267
300 SEMINARY AVENUE UKIAH, CA 95482-5400
Phone# 707/463-6200 Fax# 707/463-6204 Web Address: www.cityofukiah.com
FAX TRANSMITTAL
TO: A/I C,~q/* CC Z- //U.ZS -s 4, Y DATE: 67 ` --2 'k _6 6
7 Z9
(FAX TELEPHONE NUMBER)
FROM: e~-
NUMBER OF PAGES, INCLUDING COVER SHEET
Special Instructions/Notes: -
IF YOU DO NOT RECEIVE ALL PAGES, PLEASE CALL (707) 463-6200 then zero#
THANK YOU.
300 SEMINARY AVENUE UKIAH, CA 95482-5400
Phone# 707/463-6200 Fax# 707/463-6204 Web Address: www.citvofukiah.com
CH,C.~RECORDING REQUESTED BY TITLE COMPANY ~ umuruioiumiuai~nimdu~imimmiio.:..,,
AND WHEN RECORDED MAIL TO
UKIAH REDEVELOPMENT AGENCY
300 SEMINARY AVE:
UKIAH, CA 95482
Order No. 000222690 -
Escrow No. 222690 - 23
. f}4);' i--051:1.1
F+;ec.r•r•rdcd at the •reciuei:i t ra•f
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SPACE ABOVE THIS LINE FOR RECORDER'S USE
SUBORDINATION AGREEMENT
ARRI$
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 February 11, 2003 , by
SUZANNE FARRIS AKA SUZANNE MCCANN, AN UNMARRIED WOMAN
owner of the land hereinafter described and hereinafter referred to as "Owner", and
UKIAH REDEVELOPMENT AGENCY
present owner and holder of the deed of trust and note first hereinafter described and hereinafter referred to as
"Beneficiary ;
WITNESSETH
THAT WHEREAS,
SUZANNE FARRIS AKA SUZANNE MCCANN, AN UNMARRIED WOMAN
did execute a deed of trust, dated NOVEMBER 15, 2000 , to
REDWOOD E14PIRE TITLE COMPANY OF MENDOCINO COUNTY
as trustee, covering that certain real property described ascx in said deed of trust.
to secure a note in the sum of $$10, 113.00 , dated NOVEMBER 15, 2000
UKIAH REDEVELOPMENT AGENCY
which deed of trust was recorded JULY 10 , 2001 in book/reel , page/image
Official Records of said county and/or as document number/series 2001-12990
Page 1 of 3
, in favor of
; and
SAA1 7/93 ksn
WHEREAS, Owner has executed, or is about to execute, a deed of trust and note in the sum of
$$68,000.00 , dated FEBRUARY 6, 2003 , in favor of
SCME MORTGAGE BANKERS, INC., A CALIFORNIA CORPORATION, as lender
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, 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 of Lender; and
WHEREAS, it is to the mutual benefit of the parties hereto that Lender make such loan to Owner; and
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 of the deed of trust first above mentioned.
(2) That Lender would not make its loan above described without this subordination agreement.
(3) 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 first above mentioned to the lien or charge of the deed of trust in favor of
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 agreements 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.
Beneficiary declares, agrees and acknowledges that
(a) He consents to and approves (i) all provisions of the note and deed of trust in favor of Lender above
referred to, and (ii) all agreements, including but not limited to any loan or escrow agreements, between
Owner and Lender for the disbursement of the proceeds of Lender's loan;
(b) 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;
(c) He 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 made 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
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(d) 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 of
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 PURPOSES OTHER THAN IMPROVEMENT OF THE LAND.
UKIAH REDEVELOPMENT AGENCY
BYt
SUZANNE FARRIS
page: 3 of 5
(All signatures must be acknowledged)
Page 3 of 3
This Form Furnished By CHICAGO TITLE COMPANY
SAA37/93ksn IT IS RECOMMENDED THAT, PRIOR TO THE EXECUTION OF THIS SUBORDINATION
AGREEMENT, THE PARTIES CONSULT WITH THEIRATTORNEYS WITH RESPECT THERETO.
(SUBORDINATION FORM "A" DEED OF TRUST OF RECORD TO NEW DEED OF TRUST)
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
State. of C &2a) 01,
County of eOn V-pt) C) I d~ before me, El~d_Ess
Date Name and Ttle of Otflcer (e. g., "Jane Doe, Notary Public's
personally appeared 7) n ✓ ff "l. ,
of
❑ personally known to me - OR - q+proved to me on the basis of satisfactory evidence to be the person(s)
/ whose name(s) is/are subscribed to the within instrument
and acknowledged to me that he/she/they executed the
same in his/her./their authorized capacity(ies), and that by
his/her/their signature(s) on the instrument the person(s),
SHANNON QRAGNESS or the entity upon behalf of which the person(s) acted,
COMM. # 1366146 executed the instrument.
NOTARY PUBLIC-CALIFORNIA Q
' OENDOONO COUNTY 0
COMM. EXP, JULY 25, 2006 WITNESS my hand and official seal.
Sign try Pu lic
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Title or Type of Document:
11
Document Date:
Signer(s) Other Than Named Above:
Capacity(ies) Claimed by Signer(s)
Signer's Name:
Individual
Corporate Officer
Title(s):
Partner - ❑ Limited ❑ General
Attorney-in-Fact
Trustee
Guardian or Conservator
Other:
Signer Is Representing
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Number of Pages:
Signer's Name:
Individual
Corporate Officer
Title(s):
Partner - ❑ Limited ❑ General
❑
❑
Attorney-in-Fact
Trustee
Guardian or Conservator
Other:
Signer Is Representing:
1 ;1611 lei ~ 1:3 :0,
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® 1995 National Notary Association " 8236 Pemmet Ave._ P.O. Box »ae " r•- o.,a,
2003-05111 Reorder: Call Toll-Free 1-800-876-6827
111111111111111111111111 1111 IN Page: 4 of 5
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
State of California
' ss.
County of
On 13 o -0423 before me, q. - c ~cc ~•r✓
o8 Name and Titl of Offic4r (e.g., "Jana Doe, Nvdry Public's
personally appeared
e~ w
PEGGY JO YEE
Ca mdullon # 1393828
Nokny ftft - CaNondo
MWKkx*io County
MyCaMm.6WAwJar 14. ZOO
f.
(SEAL AFFIXED)
ame(s) of Signer(s)
El personally known to me
❑ proved to me on the basis of satisfactory
evidence
to be the person(s) whose name(s) is/are
subscribed to the within instrument and
acknowledged to me that he/she/they executed
the same in his/her/their authorized
capacity(ies), and that by his/her/their
signature(s) on the instrument the person(s), or
the entity upon behalf of which the person(s)
acted, executed the instrument.
WITNESS my hand and official seal.
A~~ ~ v~
I nature Notary Public
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fraudulent removal and reattachment of this form to another document.
Description of Attached
Title or Type of Document:
Document Date: 2 u c~ !l .2003 v Number of Pages: _
Signer(s) Other Than Named Above:'
Capacity(ies) Claimed by Signer
Signer's Name:~1/ .
❑ Individual \ Top of thumb here
❑ Corporate Officer - Title(s):
❑ Partner - ❑ Limited ❑ General
❑ Attorney-in-Fact
❑ Trustee
❑ Guardian or Conservator
❑ Other:
Signer Is Representing:
w taaa naaonai Notary Association - 9350 oe Soto Ave., P.O. Box 2402 - Chatsworth, CA 91313.2402 - www.nationalnotary.org Prod. No. 5907 Reorder. Call Toll-Free 1.800-876.6827
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