Subordination Agreement 2000-0385357 - DOC 000-0 !
· RECORDING REQUESTEO BY:
CITY OF POWAY
TO:
CITY CLERK
CITY OF POWAY
P.O. BOX 789
POWAY, CA 92074
2537
JUL 2i, 2000 8:i5
00- 38
(This si:
SU ~REEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust dated April 3,
1998, recorded in the Office of the County Recorder of San Diego County April 7, 1998, File No.
1998-0192769 and as owner and holder of the obligations thereby secured does hereby make
subject and subordinate the liens thereof to ti- granted by
SUNROAD COUNTRY CLUB, LLC, a C
to the CITY OF POWAY, it being understood and agreed that 1' = said Deed of Trust
¢ ! rights under and by virtue of said :1 said
I be i: :1 superior to the rights of any purchaser under a 1· ~
said Deed of Trust.
Said Jed ,~ [ · ~. File No. 2_
and affects the real property descnbed in said Deed of Trust.
The undersigned Beneficiary of said Deed of Trust declares and acknowledges that it hereby
intentionally waive, relinquishes, and subordinates the priorities and sui: ' the lien and
charge of said Deed of Trust upon the land described therein in favor of said and that
it understands that in reliance upon and in consideration of this waiver, relinquishment, and
subordination si: ¥ and other obligations will be entered into by 'T
:t th by Beneficiary of this
would not be mac J into but for said
:luishment, and subordination.
Dated: ~7 /..~ ~
BENEFICIARY: E Development,
LTD., a California limited partnership
By:
(SJg
be notarized. Notary
CALIFORNIA ALL-PURl 3E ACKNOWLEDGMENT
State of
County of J~'
On JL .,~. /'~ ,~)-(~) beforeme j ~
personally appeared ~ ~-~ '~, ~ /'
person(s)
acted,
WITNES~'~I
OPTIONAL
:y(ies),
Description of Attached Document
Title or
Signer(s) Other
Capacity(les) Claimed by Signer(s)
[] Individual
[]
Title(s):
[] Partner-- [] Limited [~ General
[] Trustee
[] Other:
[] Individual
[]
Title(s):
[] Partner -- [] Limited [] General
[]
[] Trustee
[] Other: