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MILLENIUM GROUP and BMW FINANCIAL
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2/9/2009 1:57:50 PM
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8/18/2004 9:48:29 PM
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Contracts
General 2 - Date
11/24/2000
Description
Subordination Agreement Deed of Trust To Easements
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When recorded mail to: <br />City Clerk's Office <br />City of Riverside <br />City Hall, 3900 Main Street <br />Riverside, CA 92522 <br /> <br />Document is being recorded for the benefit <br />of the City of Riverside and is therefore <br />exempt t~om recording fees pursuant to <br />Government Section 6103. <br /> <br />DOC # 2003--841342 <br /> 10/24/2003 08:00~ Fee:NC <br /> Page 1 o~ 6 <br /> Recorded in OCf&c~al Records <br /> County of Riversgde <br /> Gary L. Orso <br /> Rssessor, County Clerk & Recorder <br /> <br />FOR RECORDER'S OFFICE USE ONLY <br /> <br />Project: Adams Street- Autobahn Court- Public Storm Drain Improvements - A.P.N. 231-210-021 <br /> <br /> SUBORDINATION AGREEMENT <br />DEED OF TRUST TO EASEMENTS <br /> <br />Notice: This Subordination Agreement results in your Security Interest in the property becoming subject to and <br />of lower priority than the charge of some other or later instrument. <br /> <br />This agreement, made this 24th day of November 2000, by Millennium Group, A California General Partnership, <br />owners of the land herein described and hereinafter referred to as the "Owners", and BMW Financial Services, <br />NA, LLC, a Delaware limited liability company (formerly BMW Financial Services NA, Inc.), present owner and <br />holder of the Deed of Trust and First Note and hereinafter described and hereinafter referred to as "Beneficiary"; <br /> <br />WITNESSETH <br /> <br />That whereas, Millennium Group, did execute a Deed of Trust, dated June 16 1999, to Stewart Title Company, <br />Inc., as Trustee, covering: <br /> <br />That certain real property located in the City of Riverside, County of Riverside, State of California and <br />being Parcel 1 of Parcel Map 28938, as shown by Parcel Map on File in Book 193, pages 90 and 91 of <br />Parcel Maps, Riverside Cotmty Records <br /> <br />to secure a note in the original amount of $1,000,000.00 dated June 16, 1999 in favor of BMW Financial <br />Services, Inc. which Deed of Trust was recorded July 27, 1999, as Instrument No. 99-334532, Official Records <br />of Riverside County, California; and <br /> <br />Whereas, Owners have executed a Grant of Easement describing an Easement for a Public Storm Drain, dated <br />November 16, 2000 in favor of the City of Riverside, over and along that certain real property located in the City <br />of Riverside, County of Riverside, State of California, described as per exhibit "A" attached hereto and made a <br />part hereof. <br /> <br /> <br />
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