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Subordination Agreement 2000-0385359 U STED DOC CITY OF POWAY CITY CLERK CITY OF POWAY P.O. BOX 789 POWAY, CA 92074 TO: 2545 JUL 21, 2000 8:25 AM SUBO ~REEMENT FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust dated February 17, 1998 recorded in the Office of the County Recorder of San Diego County March 20, 1998, File No. 1998- 0151038 and -1 holder of the oblic~ )y secured does hereby make subject and subord ~ to the Easement granted by Trust. to the CITY OF POWAY, it being understood and agreed that 1' affect, Jer invalid any rights under and by virtue of said shall I- 3erior to the rights of Trust. said Deed of Trust shall not :1 said 'said Deed of Said -' I, '~l 2 Doc. No. and affects the real property described in said Deed of Trust. The undersigned Beneficiary of said Deed of Trust d (nowledg intentionally waive, relinquishes, and subordinates the priorities and su~ of said Deed of Trust upon the land described therein in favor of )on and in consideration of th' monetary ~lig -I into by Third F into but for said JtF ./Beneficiary subordination. ~y =the lien and charge Jerstands ~ecific relinq ' J Dated: July 12, 2000 BENEFICIARY: , Bank p~ C . ~l.X ( J. ) County of ~,NI OJl:*~O ANNA R. I'A' Signature (Seal) C ]ment before me, ""~'~ ~ Signature~