Subordination Agreement 2000-0264760RECO
~UESTE~ BY:
CITY OF POWAY
TO:
CITY CLERK
CITY OF POWAY
P.O. BOX 789
POWAY, CA 92074
N ' due
DOC ... 2000-0264760
MAY 22, 2000 8:45
(This space for Recorder's Use)
SUBORDINATION AGREEMENT
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 ti' granted by
SUNROAD COUNTRY CLUB, LLC, a California limited liability company
to the CITY OF POWAY, it being ..:Feed ' said Deed of Trust
shall not affect, C ' :let invalid any rights under and by virtue of said -I said
~all b :1 superior to the rights of any purchaser under a f ~
said Deed of Trust.
S Jed 01~,~ 2 Oily-2 File No. 2.LOL~-Og,~q '~
and affects the real property described sam Trust.
The undersigned Beneficiary of said Deed of Trust declares and ~es that it hereby
intentionally waive, relinquishes, and subordinates the priorities and SUl: = the lien and
charge of said Deed of Trust upon the land described therein in favor of said :l that
it that in reliance upon and in consideration of this waiver, and
subordination si: 3/and other obligations will be entered into by Third Parties which
i th by Beneficiary of this
would not be mae :1 into but for said
:luishment, and subordination.
Dated:
BENEFICIARY: E Development,
LTD., a California limited partnership
Bruce Tabb
By:
(Sig Notary form attached.)
CALIFORNIA ALL-PURP ;E ACKNOWLEDGMENT
State of %~
County of ~
On ~'"1~) /~l',~ before me ~
personally appeared ~'~ <.~ ~) ~
and that b~
person(s),
acted,
OPTIONAL
:~Yshe/they
¥(ies),
:s)
Description of Attached Document
Si~ner(s) Other
Capa¢[t¥{ie~) ~laimed blt
[] Individual
[]
Title(s):
~ Partner -~-~ Limited [] General
[] Trustee
[] Other:
[][] Individual
Title(s):
[] Padner-- [] Limited ~General
/
[] Trustee / ....
[] ,,~ervator
[] Other:/ ' I
pro~ No 5907