2024-04-17 SDC- Cypress Point Holdings NOTICE OF TRUSTEE's SALE Under Deed of Trust DOC # 2024-0111080RECORDING REQUESTED BY
AND WHEN RECORDED MAIL TO
First American Title Insurance Company
9255 Town Center Drive
Suite 200
San Diego,. CA 92121
DOC # 2024-0111080
04/17/2024 08:51 AM Fees: $317.00
Page 1 of 7
Recorded in Official Records
County of Riverside
Peter Aldana
Assessor -County Clerk -Recorder
**This document was electronically submitted
to the County of Riverside for recording**
Receipted by: CRISTINA#7700
Space above this line for recorder's use only
Trustee Sale No. 1197779 Loan No. Title Order No.
APN TRA No.
NOTICE OF TRUSTEE'S SALE
YOU ARE IN DEFAULT UNDER A DEED OF TRUST DATED 11/18/2022. UNLESS YOU TAKE ACTION TO PROTECT
YOUR PROPERTY, IT MAY BE SOLD AT A PUBLIC SALE. IF YOU NEED AN EXPLANATION OF THE NATURE OF
THE PROCEEDINGS AGAINST YOU, YOU SHOULD CONTACT A LAWYER.
On 05/16/2024 at 09:30AM, First American Title Insurance Company as the duly appointed Trustee under and pursuant
to Deed of Trust recorded on November 30, 2022 as Document Number 2022-0486431 of official records in the Office of
the Recorder of Riverside County, California„ executed by: SilverRock Development Company, LLC, as Trustor, Cypress
Point Holdings, LLC, as Beneficiary', WILL SELL AT PUBLIC AUCTION TO THE HIGHEST BIDDER FOR CASH (payable
at time of sale in lawful money of the United States, by cash, a cashier's check drawn by a state or national bank, a check
drawn by a state or federal credit union, or a check drawn by a state or federal savings and loan association, savings
association, or savings bank specified in section 5102 of the Financial Code and authorized to do business in this state).
At: the bottom of stairway of building located at 849 W. Sixth Street, Corona, CA, all right, title and interest conveyed to
and now held by it under said Deed of Trust in the property situated in said County, California describing the land therein:
See Exhibit "A" attached hereto and incorporated by reference herein
The property heretofore described is being sold "as is". The street address and other common designation, if any, of the
real property described above is purported to be: Vacant Land.
The undersigned Trustee disclaims any liability for any incorrectness of the street address and other common designation,
if any, shown herein. Said sale will be made, but without covenant or warranty, expressed or implied, regarding title,
possession, or encumbrances, to pay the remaining principal sum of the note(s) secured by said Deed of Trust, with
interest thereon, as provided in said note(s), advances, if any, under the terms of the Deed of Trust, estimated fees,
charges and expenses of the Trustee and of the trusts created by said Deed of Trust, to -wit: $45,550,467.00 (Estimated)
Accrued interest and additional advances, if any, will increase this figure prior to sale.
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DOC #2024-0111080 Page 2 of 7
Trustee Sale No. 1197779
Loan No.
Title Order No.
APN
The beneficiary under said Deed of Trust heretofore executed and delivered to the undersigned a written Declaration of
Default and Demand for Sale, and a written. Notice of Default and Election to Sell. The undersigned caused said Notice
of Default and Election to Sell to be recorded in the county where the real property, is located and more than three months
have elapsed since such recordation.
NOTICE TO POTENTIAL BIDDERS:. If you are considering bidding on this property lien, you should understand that there
are risks involved in bidding at a trustee auction. You will be bidding on a lien, not on the property itself. Placing the highest
bid at a trustee auction does not automatically entitle you to free and clear ownership of the property. You should also be
aware that the lien being auctioned off may be a junior lien.. If you are the highest bidder at the auction, you are or may be
responsible for paying off all liens senior to the lien being auctioned off, before you can receive clear title to the property.
You are encouraged to investigate the existence, priority, and size of outstanding liensthat may exist on this property by
contacting the county recorder's office or a title insurance company, either of which may charge you: a fee for this
information. If you consult either of these resources, you should be aware that the same lender may hold more than one
mortgage or deed of trust on the property.
NOTICE TO PROPERTY OWNER: The sale date shown on this notice of sale may be postponed one or more times by
the mortgagee, beneficiary, trustee, or a court, pursuant to Section 2924g of the California Civil Code. The law requires
that information about trustee sale postponements be made available to you and to the public, as a courtesy to those not
present at the sale. If you wish to learn whether your sale date has been postponed, and, if applicable, the rescheduled
time and date for the sale of this property', you may visit the website below using the file number assigned to this case.
Information about postponements that are very short in duration or that occur close in time to the scheduled sale may not
immediately be reflected on the Internet Web site. The best way' to verify postponement information is to attend the
scheduled sale.
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DOC #2024-0111080 Page 3 of 7
Trustee Sale No. 1197779
Loan No.
Title Order No.
APN
NOTICE TO TENANT: You may have a right to purchase this property after the trustee auction pursuant to Section
2924m of the California Civil Code. If you are an "eligible tenant buyer," you can purchase the property if you match
the last and highest bid placed at the trustee auction. If you are an "eligible bidder," you may be able to purchase
the property if you exceed the last and highest bid placed at the trustee auction. There are three steps to exercising
this right of purchase. First, 48 hours after the date of the trustee sale, you can call (858) 410-2154, or visit this
internet website [iSee Link Below], using the file number assigned to this case [TS 1197779] to find the date on
which the trustee's sale was held, the amount of the last and highest bid, and the address of the trustee. Second,
you must send a written notice of intent to place a bid so that the trustee receives it no more than 15 days after the
trustee's sale. Third, you must submit a bid so that the trustee receives it no more than 45 days after the trustee's
sale. if you think you may qualify as an "eligible tenant buyer" or "eligible bidder," you should consider contacting an
attorney or appropriate real estate professional immediately for advice regarding this potential right to purchase.
For information on sale dates please visit our website at:
https://foreclosure.firstam.com/#/foreclosure
DATE: 4/16/24
First American Title Insurance Company
9255 Town Center Drive
Suite 200
San Diego, CA 92121
(858) 410-2158
David Z. Bark, Foreclosure Trustee
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Exhibit "A"
PARCEL B:
DOC #2024-0111080 Page 4 of 7
THAT PORTION OF PARCELS 4 AND 18 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA,
COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES
72 THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF
SAID COUNTY, DESCRIBED AS FOLLOWS:
LOT "C" OF LOT UNE ADJUSTMENT NO. 2020-0010, RECORDED JULY 15, 2021 AS INSTRUMENT
NO. 2021-0426711 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS
DESCRIBED THEREIN.
PARCEL C:
THAT PORTION OF PARCEL 3 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA, COUNTY OF
RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES 72
THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID
COUNTY, DESCRIBED AS FOLLOWS:
LOT "B" OF LOT UNE ADJUSTMENT NO. 2020-0010, RECORDED JULY 16, 2021 AS INSTRUMENT
NO. 2021-0428113 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS
DESCRIBED THEREIN.
PARCEL G:
THAT PORTION OF PARCELS 6 AND 7 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA,
COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES
72 THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF
SAID COUNTY, DESCRIBED AS FOLLOWS:
PARCEL "A" OF LOT LINE ADJUSTMENT NO. 2020-0005, RECORDED SEPTEMBER 2, 2021 AS
INSTRUMENT NO. 2021-0527060 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF
CALIFORNIA, AS DESCRIBED THEREIN.
PARCEL H:
THAT PORTION OF PARCELS 6, 7 AND 8 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA,
COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES
72 THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF
SAID COUNTY, DESCRIBED AS FOLLOWS:
PARCEL "B" OF LOT UNE ADJUSTMENT NO. 2020-0005, RECORDED SEPTEMBER 2, 2021 AS
INSTRUMENT NO. 2021-0527060 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF
CALIFORNIA, AS DESCRIBED THEREIN.
PARCEL I:
THAT PORTION OF PARCELS 7 AND 8 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA,
COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES
72 THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF
SAID COUNTY, DESCRIBED AS FOLLOWS:
4
DOC #2024-0111080 Page 5 of 7
PARCEL "C" OF LOT UNE ADJUSTMENT NO. 2020-0005, RECORDED SEPTEMBER 2, 2021 AS
INSTRUMENT NO. 2021-0527060 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF
CALIFORNIA, AS DESCRIBED THEREIN.
PARCEL J:
PARCELS 5 AND 12 AND LETTERED PARCELS E, F AND G OF PARCEL MAP NO. 37207, AS SHOWN BY
A MAP FILED IN BOOK 242, PAGES 72 THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE CITY OF
LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, IN THE OFFICE OF THE COUNTY
RECORDER OF SAID COUNTY.
EXCEPTING THEREFROM PARCELS 5 AND 12, ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND
MINERALS OF EVERY KIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET
BELOW THE SURFACE, TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE AND
OCCUPY ALL PARTS OF THE PHASE 1A AND 1B PROPERTY LYING MORE THAN FIVE HUNDRED (500)
FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE
EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON SUBSTANCES OR MINERALS
FROM SAID PHASE 1A AND 1B PROPERTY OR OTHER LANDS, BUT WITHOUT, HOWEVER, ANY
RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE 1A AND 1B PROPERTY OR ANY PORTION
THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE FOR ANY PURPOSE OR PURPOSES
WHATSOEVER, OR TO USE THE PHASE 1A AND 1B PROPERTY IN SUCH A MANNER AS TO CREATE A
DISTURBANCE TO THE USE OR ENJOYMENT OF THE PHASE 1A AND 16 PROPERTY, AS RESERVED
BY THE CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN
THE GRANT DEED RECORDED NOVEMBER 28, 2018, AS INSTRUMENT NO. 2018-0464674 AND
RECORDED NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-0463950, BOTH OF OFFICIAL
RECORDS.
THE FOLLOWING LEGAL DESCRIPTION IS SHOWN AND DESCRIBED IN SAID DEED OF TRUST AS
FOLLOWS:
PARCEL B:
THAT PORTION OF PARCELS 4 AND 18 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA,
COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES
72 THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF
SAID COUNTY, DESCRIBED AS FOLLOWS:
LOT "C" OF LOT UNE ADJUSTMENT NO. 2020-0010, RECORDED JULY 15, 2021 AS INSTRUMENT
NO. 2021-0426711 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS
DESCRIBED THEREIN.
PARCEL C:
THAT PORTION OF PARCEL 3 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA, COUNTY OF
RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES 72
THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID
COUNTY, DESCRIBED AS FOLLOWS:
LOT "B" OF LOT UNE ADJUSTMENT NO. 2020-0010, RECORDED JULY 16, 2021 AS INSTRUMENT
NO. 2021-0428113 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS
DESCRIBED THEREIN.
5
DOC #2024-0111080 Page 6 of 7
PARCEL G:
THAT PORTION OF PARCELS 6 AND 7 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA,
COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES
72 THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF
SAID COUNTY, DESCRIBED AS FOLLOWS:
PARCEL "A" OF LOT LINE ADJUSTMENT NO. 2020-0005, RECORDED SEPTEMBER 2, 2021 AS
INSTRUMENT NO. 2021-0527060 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF
CALIFORNIA, AS DESCRIBED THEREIN.
PARCEL H:
THAT PORTION OF PARCELS 6, 7 AND 8 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA,
COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES
72 THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF
SAID COUNTY, DESCRIBED AS FOLLOWS:
PARCEL "B" OF LOT UNE ADJUSTMENT NO. 2020-0005, RECORDED SEPTEMBER 2, 2021 AS
INSTRUMENT NO. 2021-0527060 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF
CALIFORNIA, AS DESCRIBED THEREIN.
PARCEL I:
THAT PORTION OF PARCELS 7 AND 8 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA,
COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES
72 THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF
SAID COUNTY, DESCRIBED AS FOLLOWS:
PARCEL "C" OF LOT LINE ADJUSTMENT NO. 2020-0005, RECORDED SEPTEMBER 2, 2021 AS
INSTRUMENT NO. 2021-0527060 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF
CALIFORNIA, AS DESCRIBED THEREIN.
PARCEL 3:
PARCELS 5 AND LETTERED PARCELS D, E, F AND G OF PARCEL MAP NO. 37207, AS SHOWN BY A
MAP FILED IN BOOK 242, PAGES 72 THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE CITY OF
LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, IN THE OFFICE OF THE COUNTY
RECORDER OF SAID COUNTY.
RESERVING THEREFROM PARCELS 5 AND 12, ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND
MINERALS OF EVERY KIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET
BELOW THE SURFACE, TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE AND
OCCUPY ALL PARTS OF THE PHASE 1A AND 1B PROPERTY LYING MORE THAN FIVE HUNDRED (500)
FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE
EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON SUBSTANCES OR MINERALS
FROM SAID PHASE 1A AND 1B PROPERTY OR OTHER LANDS, BUT WITHOUT, HOWEVER, ANY
RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE 1A AND 1B PROPERTY OR ANY PORTION
THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE FOR ANY PURPOSE OR PURPOSES
WHATSOEVER, OR TO USE THE PHASE 1A AND 1B PROPERTY IN SUCH A MANNER AS TO CREATE A
DISTURBANCE TO THE USE OR ENJOYMENT OF THE PHASE 1A AND 1B PROPERTY, AS RESERVED
BY THE CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN
THE GRANT DEED RECORDED NOVEMBER 28, 2018, AS INSTRUMENT NO. 2018-0464674 AND
RECORDED NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-0463950, BOTH OF OFFICIAL
RECORDS.
6
DOC #2024-0111080 Page 7 of 7
APN: 777-490-057; 777-490-058; 777-490-059; 777-490-060; 777-490-061; 777-490-062; 777-490-
063; 777-490-064; 777-490-065; 777-490-066; 777-490-037; 777-490-068; 777-490-072; 777-490-
076; 777-490-073; 777-490-074; 777-490-075; 777-490-080; 777-490-077; 777-490-078; 777-490-
079; 777-490-054; 777-490-042; 777-490-055; 777-490-053
7