Subordination Agreement 2000-0264757RECORDING REQUESTED BY:
CITY OF POWAY
TO:
CITY CLERK
CITY OF POWAY
P.O. BOX 789
POWAY, CA 92074
N due
22, 2000 8:44
~FFICI~. ~
~IEa) a)UNIY REI~'B ~FFICE
FEB: ' 00
(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
sub~ finate the liens thereof to the Easement granted by
SUNROAD COUNTRY CLUB, LLC, a California limited liability company
to the CITY OF POWAY, it being understood and agreed ' -I Deed of Trust
shall not affect, ¢ Jet invalid any rights under and by virtue of said J said
~all be p ~ superior to the rights of any purchaser under a t' ~
said Deed of Trust.
and affects the real property describe ;aid Deed of Trust.
The undersigned Beneficiary of said Deed of Trust declares and acknowledges that it hereby
! waive, relinquishes, and sub :1 sup
charge of said Deed of Trust upon the land described therein in favor of said :1 that
it understands that in reliance upon and in consideration of this waiver, relinquishment, and
subordination s~: 3/and other obligations will be entered into by Third Parties which
would not be ma~ i into but for said :1 y Beneficiary of this
:luishment, and subordination.
Dated:'"""~ ~ ~--, ~ BENEFICIA )ment,
LTD., a C
By: ~
Bruce Tabb
By:
(Sig : be notarized. Notary form attached.)
CAFIFORNIA ALL-PURP~
County of
On
personally appeared
/0
E ACKN
~(~) before me
MENT
and that by~
person(s)
acted,
~/she/they
OPTIONAL
Description of Attached Document
Title or' ,)~ ~ ]-~l~jg'~}'b ~'~
Signer(s) Other
Capacity(ies) Claimed by Signer(s)
[] Individual
[]
Title(s):
.~ Partner . ~_act
[] Trustee
[] Other:
~ Individual
[] Title(s): []~en
['j Partner -- [] Limited
[] Trustee /
[] /~vator
[] Other: ~