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2000-406170 2655 DOC J .2000-0406170 "I RECORDING REQUESTED BY: ] AUG Ol~ 2000 B: 0'::5 At'"ï ] CITY OF ENCINIT AS ] OrFIC I ÀL ~'ECOfi'DS ] BAN DIEGO COUNTY fi'l:GOPDER'3 OFFICF WHEN RECORDED RETURN TO: ] GFfGOk'Y 1. :3HITH, COUN¡Y REGOh'l;r[R ] FEES: 0001: CITY CLERK ] 11111/111'111111111111 1111 1/1111 11111 II'!! II!!' II/II IIIII III!! 11111111 CITY OF ENCINITAS ] I 505 S. VULCAN AVENUE ] \\ 2000-0406170 ENCINITAS, CA 92024 ] (For Recorder's Use Only) ~ !/I/'.. Assessor's Parcel No. 256-232-09 ~. , .,¿- ~ " LIEN AGREEMENT FOR PUBLIC IMPROVEMENTS \\ '\ ) \. THIS AGREEMENT entered into by and between the CITY OF ENCINITAS, a municipal ... corporation of the State of California sometimes hereinafter referred to as "City," and Davis W. . and Laura K. Woodward, sometimes hereinafter referred to as "Property Owner." WHEREAS, Property Owner and City have agreed to the installation of certain improvements to Woodley Place; and WHEREAS. Property owner represents that Property Owner is the record owner of that real property described in Exhibit "A" attached hereto; and WHEREAS, City has paid one-half the cost of improvements and loaned to property Owner monies equal to the share of cost of said improvements paid by City; 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 City's cost for improvements to Woodley Place. 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: Principal Obligation not to Exceed $ 4,875.00 Interest Rate on Unpaid Balance 6,97% per annum con6402 2656 Number of Annual Equal Payments Of Principal Plus Accrued Interest and Administrative Fee 10 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 this 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 transfers 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 a residence thereon. Section 3. Upon payment in 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 encumbered 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. 2t.;ITN,ESS WHEREOF the parties have executed this agreement this 2--?= day of - J2. ¡ L- , 2000, Encinitas, California. By, ß]~"()«)'h_Ú~ By: ß:u~'\iv ¡¿ Iv.) qy-,i.r¡c".{1 Davis W. Woodward Laura K. Woodward (Signatures must be notarized) By: ATTEST: l~ D^C~~ eborah Cervone, City Clerk con6402 2657 EXHIBIT "A" PARCEL 1: That portion of Lot 29 of PASSIFLORA ACRES, in the County of San Diego, State of California, according to Map thereof No. 2355, filed in the Office of the County Recorder of San Diego County, September 27, 1946, described as follows: Beginning at the Northwesterly corner of said Lot 29; thence South 89°54'30" East along the Northerly line thereof 115.50 feet to the East line of said Lot; thence South 1 °54'10" West along said East line 150 feet to the True Point of Beginning; thence continuing South 1 °54'1 0" West 69.95 feet, more or less, to an angle point in said East line; thence North 89°54'30" West along the Westerly prolongation of the Northerly line of that portion of said Lot 29, having a bearing and distance of North 89°54'30" West 175.61 feet, as shown on said Map to a point in said West line of Lot 29; thence North 0°35'30" East along said West line to a line which bears North 89°54'30" West from the True Point of Beginning; thence South 89°54'30" East to the True Point of Beginning. PARCEL 2: The Westerly 4 feet of the Southerly 75.00 feet of that portion of the Northeast Quarter of the Northwest Quarter of Section 10, Township 13 South, Range 4 West, San Bernardino Base and Meridian, in the County of San Diego, State of California, according to United States Government Survey thereof, described as follows: Beginning at the Northeast corner of the Northwest Quarter of said Section 10: thence along the Northerly line of said Northwest Quarter north 89°54'30" West 177.20 feet to the Northwest corner of land described in deed to Guy W. Rozzotto, et ux, recorded April 2, 1968 as File No. 54409; thence along the boundary of said Rizzotto's land as follows: South 01°54'10" West, 250.03 feet and South 89%4'30" East, 175.61 feet to the Easterly line of said Northwest Quarter; thence along the Easterly line of said Northwest Quarter, North 02°17'00" East, 250.06 feet to the point of beginning. Said Southerly 75.00 feet being measured along the Westerly and Easterly lines of the hereinabove described land. Excepting therefrom that portion of the Westerly 4 feet thereof lying Northerly of a line described as follows: Beginning at a point on the Easterly line of the Westerly 4.00 feet of the first above described land distant thereon South 01°54'10" West, 10.00 feet from the Northerly line of said Southerly 75.00 feet as herein described; thence Northwesterly in a straight line to a point on the Westerly line of said Rizzotto's land, distant thereon North 01 °54'1 0" East, 69.03 feet from the Southwest corner of said land. PARCEL 3: An easement and right-of-way for ingress and egress over the Westerly 10 feet of that portion of said Lot 29 lying Northerly of the land described in Parcel 1 above. APN: 256-232-09 ml6443 658 State of ~ ~U~ "'"' ~"._., ",~"~ County of .. I..Jj ¡;~ . , ..<.b ffì(!lf ; On(~L,.z&j~efOre me,#4,o'CM [i¡./lk[J!:)O£; p()I3L/C ~ IOATEI INAMEiTlTLE OF OFFICER.i.e."JANE DOE. NOTARY PUBLIC'I ~ 0 personally appeared -<.fiUj?A K. ¿<..kJOOIV4£:.1) c;t.-£{c:IL ~ (NAME!S OF SIGNERIS ) MtJ £.. .. CAPACITY CLAIMED BY SIGNERIS) . I J UJ; LU /þ1/1 I./)Ò () 0 J1/ M4 DINDIVIDUAl\S) DCORPORA TE - 0 personally known to me -OR-~ proved to me on the OFFICERISI ITITUS) basis of satisfactory OPARTNERIS) OlIMITED evidence to be the DGENERAL ær (s) whose name(s) DATTORNEY IN FACT I re :->subscribed to the OTRUSTEEIS r----- . - .......... 1 WI' In instrument and DGUARDIAN/CONSERVATOR a.:.. OFFICIAL SEAL acknow~d to me that DOTHER: ";- . RANDA G. MILLJOUR he/she~.~xecute á5 ~ . NOTARY PUBLlC..CALIFORNIA~ same In his/he their <r . COMM. NO. 1204250 !: authorized capacity SIGNER IS REPRESENTING' '. SAN DIEGO COUNTY . . .. . .. MY COMM. EXP. JAN. 6 2003 ard that by his/he INama of Pe,.onl.) or Entity(iu) , slgnature(s) on th instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. RIGHT THUMBPRINT (Optional) Witness my hand and official seal. ~ I ~ ,=uf:?auøla/ (j¡ ~({,jdLH' ¡ ISIGNAT E OF NOTAR CAPACITY CLAIMED BY SIGNERIS) DINDIVIDUALIS OCORPORATE ATTENTION NOTARY OFFICERISI The information requested below and in the column to the right is OPTIONAl. ITITLES! Recording of this document is not required by law and is also optional. It could, however, prevent fraudulent attachment of this certificate to any DPARTNERIS) OUMITED unauthorized document. DGENERAL OATTORNEY IN FACT THIS CERTIFICATE Tole or Type 01 Document -~. DTRUSTEEIS MUST BE ATTACHED DGUARDIAN/CONSERVATOR TO THE DOCUMENT Number of Pages ~ Date 01 Document DOTHER: ~_.._- DESCRIBED AT RIGHT: Signerlsl Other Than Named Above ------- SIGNER IS REPRESENTING: IName of Personls) 0' Entity!ie.) WOLCOTTS FORM 63240 Rev. 3.94 Ip,'" or... 9.2AI <»'994 WOLCOTTS FORMS. INC. ALL PURPOSE ACKNOWlEDGMENT WITH SIGNER CAPACITYIREPRESENTATIONITWO FINGERPRINTS \\111111111111111\ 11111111\ \ 1\ 7 67775 63240 8