HomeMy WebLinkAboutRESOLUTIONS - 12081970 - 70-830 IN THE BOARD OF SUPERVISORS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA
In the Matter of ) RESOLUTION NO. 70/830
Subordinating Lien )
Against Rita Martinez ) SUBORDINATION OF LIEN
and 'Ramona Martinez z ) AND
RESOLUTION AUTHORIZING SAME
The (Board of ,Supervisors of Contra Costa County RESOLVES THAT:.
On January 17, 1962, RAMONA MARTINEZ executed a reimbursement
agreement and notice of lien in favor of Contra Costa County
which was recorded on January 19 , 1962, in the office of the
County Recorder In Volume 4039 of Official Records at page 77;
and
RIT'O MARTINEZ.and' RAMONA MARTINEZ now desire to have said
lien' spade subordinate and subject to the following_ notes and,
deeds of trust. a First Deed of Trust executed by ;them In favor
of the Bank of America, in the amount of Ten. Thousand Four
Hundred Dollars ($10,400.00) ; a Second Over--Ri4 ng Deed of
`rust executed by them in favor of Sofa Dube, in the amount of
Eighteen_ Thousand Five Hundred Dollars ($18,500.00); and a
Third Deed of Trust executed by them in favor of Locators , Inc.
for the balance of the purchase price , in the amount of approxi-
mately One Thousand Five Hundred Dollars ($1,500 .00) ; and
RI'T'O MARTINEZ and RAMONA MARTINEZ desire subordination of
their lien to enable them to obtain a loan for the purpose of
purchasing property; and
The Lien Committee has considered subordination and recom-
mends its approval
NOW, THEREFORE, the County of Contra Costa, the owner and
holder of said reimbursement agreement and 'noti'ce of lien'
above-mentioned, does hereby subordinate the same to the deeds
of trust` above-mentioned as they relate to the property;` described
therein upon the condition that ,point tenancy interests , if any ,
existing or created in the subject real property be severed as
to the interests of the County of Contra Costa, and it is
ordered ;that the 'Chairman of the Beard sign a certified copy
hereof to constitute and effectuate the subordination.
PASSED AND ADOPTED ON December 8, 1970 by this Board.
ce. Recorder (H.E. Meyers,
Auditor's Office)
Administrator (Attn Terry McGraw)
County Counsel (Attn: S. Marchesi)
RESOLUTION NO. 70/830
SUBORDINATION OF LIEN
Pursuant to the above Resolution No, 70/830 of December 8, 1970",
the subordination therein ordered of the County 's lien against
the property of RITO MARTINEZ and RAMONA MARTINEZ is hereby made
upon the condition. that joint tenancy interests , if any,
existing or created in the subject real property be severed a
to the interest of the County of Contra Costa.
Chairman of th s �.c:f Su ervi'sars
� P
of the County Contra Costa,
State of Calif < nia
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