Subordination Agreement 2001-0017550RECORDING REQUES'~-J BY:
CITY Of POWaY
AND WHEN RECORDED MAiL TO:
CITY CLERK
CITY OF POWAY
P.O. BOX 789
POWAY, CA 92074
No ~ due
DOC-' 2001-0017551
JAN ii, OOi e-'43 AM
OFFICI~
~ I)IF_f.,O a]IJNTY RE~i,tl)ER'8 OFFICE
GEGORY J. ~MITH,
FEES:
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust dated May 30,
2000, recorded in the Office of the County Recorder of San Diego County June 7, 2000, File No.
2000-0298557 and as owner and holder of the obligations thereby secured does hereby make
subject and subordinate the liens thereof to the Easement granted by
PARKWAY CENTRE FOUR INVESTORS, LLC, a Delaware limited liability company
to the CITY OF POWAY, it being understood and agreed that t'
shall not affect, 0 :ler invalid any rights under and by virtue of said :1 said
3all be paramount and superior to the rights of any purchaser under a 1'
said Deed of Trust. ~C~I - Ob I -] ~
Said :led File No. '
and affects the real property described in smd Deed of Trust.
said Deed of Trust
The undersigned Beneficiary of said Deed of Trust declares and acknowledges that it hereby
intentionally waive, relinquishes, and subordinates the I: :t sui: ' the lien and
charge of said Deed of Trust upon the land described therein in favor of said easements, and that it
that in reliance upon and in consideration of this waiver, relinquishment, and
subordination si: 'y and other obligations will be entercd into by Third Parties which
would not be mad :1 into but for said :1 th by Beneficiary of this
:luishment, and subordination.
Dated: December 22, 2000 BENEFICIARY: CALIJ~RN?._~ANK &
TRUST, a Californi g institution
Walter d. Strangman
Kathy M. Galvin
(SiG
: be notarized. Notary form attached.)
County ~('~ ~-~ i~'~ } 23Q2 CAPACITY Ct/tIMED BY SIGNER
personally ~_) t~'~ T Sfl ~ c~s~~~i.~L~ fll
~ UM~D
~ to be the person(s) whose name(s) ~ ~ G~E~L
sub~dbed to the within ac-
~~X~ ~ TRUSmEIS)
the same in h~/~ .
capacity(ies), an~ that by
signature(s)
or tho ontity upon bohalf of whioh tho
119~21 ~ person(s)
' ' SIGNER IS REPRESENTING:
/F
ONAL SEOTION
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
County
DATE
to be the person(s) whose name(s) is/are
subscribed to the within instrument and ac-
the same in his/her/their
capacity(les), and that by
signature(s) ~,
or the entity upon behalf of which the
person(s)
No. 519
CAPACITY CLAIMED BY SIGNER
[] INDIVIDUAL
TITLE(S) [] LIMITED
[] GENERAL
[] TRUSTEE(S)
SIGNER IS REPRESENTING: