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Subordination Agreement 1990-587664Z)Y590 3841 RECORDING REQUESTED BY: RECOR LIv _ CONTINENTAL LAWYERS TITLE O� FlC 4L RT;�CpR03 V CITY OF POWAY ) "F C11,1^7ea'str:c AND WHEN RECORDED MAIL TO: j 90 JUN 14 AM 11: 50 CITY CLERK CITY OF POWAY P.O. BOX 789 POWAY, CA 92064 4E%4 L. LYl f" L Cuds 0, n.'r 4 ' This space for Recorder's use NEEDS_TO,_.BE RE-RECORDED TO ADD DATE_AND FILE NUMBER _ ;�02 l3 EN EF rr DF �l"ry OF QowAy ' SUBORDINATION AGREEMENT RF 4.00 AR 2.00 FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust dated July 20, 1978, recorded in the Office of the County Recorder of San Diego County September 7, 1978, Document No. 78-381909 and as owner and holder of the obligations thereby secured does hereby make subject and subordinate the liens thereof to the Easement granted by Business Properties Partnership No. 16, A General Partnership to the CITY OF POWAY, it being understood and agreed that foreclosure of said Deed of Trust shall not affect, defeat or render invalid any rights under and by virtue of said easement, and said easement shall be paramount and superior to the rights of any purchaser under a foreclosure of said Deed of Trust. Said easement was recorded CONCURRENTLY' HEREWITH File No. 5�o -3a Zffi�S , and affects the real property described in said Deed of Trust. The undersigned Beneficiary of said Deed of Trust declares and acknowledges that it hereby intentionally waives, relinquishes, and subordinates the priori- ties and superiorities of the lien and charge of said Deed of Trust upon the land described therein in favor of said easement, and that it understands that in reliance upon and in consideration of this waiver, relinquishment, and subordination specific monetary and other obligations will be entered into by Third Parties which would not be made or entered into but for said reliance and the execution by Beneficiary of this waiver, relinquishment, and subordination. Dated: h (1 t"J, l , 15 5o BENEFICIARY: Association Savings and Loa N, A California and Business Properties Partner - o. 15, A California Partnership R/W No. Downey Exc. No. Corp. Project:ship N NOTE: ALL SIGNATURES MUST BE ACKNOWLEDGED NOTARIES: Use proper form attached or staple appropriate form therto. By: K A By:' � y� L. C. Smu 1, G neral Partner 0 r 2109 © DowNa SAVINGS (Corporation Attorney -in -Fact) STATE OF CALIFORNIA COUNTY OF On Marrh JR 1990 before me, the undersigned, a Notary Public in and for said State, personally appeared flask w. (-p known to me to be the _ Assistant Vice President, and Cathy Tombrello known to me to be the Vice President 5@CVSt9fy of Downey Savings and Loan Association and known to me (or proved to me on the basis of satisfactory evidence) to be the persons who executed the within instrument on behalf of said Downey Savings and Loan Association, the corporation that executed and whose name is subscribed to the within instrument as the attorney-in-fact of FEDERAL HOME LOAN MORTGAGE CORPORATION and acknowledged to me that they subscribed the name of FEDERAL HOME LOAN MORTGAGE CORPORATION thereto as principal and the name of Downey Savings and Loan Association as attorney-in-fact for said FEDERAL HOME LOAN MORTGAGE CORPORATION, and that said Downey Savings and Loan Association executed the same as such attorney-in-fact. WITNESS my -hand and official seal Signature LS -102 (efae) EMIISY BI,� EPPICH" " OFFICIAL SEAL EMILY BELLE EPPICH Notary Publk[:allfomfa 0 ORANGE COUNTY My Comm. Exp. Aug. 27, 1990 s 6 N STATE OF CALIFORNIA COUNTY OFO &ffl� j SS. On this the Z day of ��� NotaryPublic in arW for said Co my and State. personalty appeared �_�.�rnulY personally known to me or proved to me on the basis of satisfactory evidence to be the l?„ person whose name_ subscribed to the within instrument and ackrowledged that io� executed the same. o H to ignure of Notary ®SAFEC® TITLEINSURANCE to , before me the undersigned, a FOR NOTARY SEAL OR STAMP E -"_N STATE OF CALIFORNIA -� Iss. COUNTY OF Orange On March —7 ,_19-9_O ,before me, the undersigned, a Notary Public in and for said State, personally appeared L • C • SMU 11 personally known to me (or proved to me on the basis of satis- factory evidence) lobe the pe rson(s) whose name(s) is/a re su b - scribed to the within instrument and acknowledged to me that he/she/they executed the same. WITNESS my hand and official seal. Signatura..�/Wr'.!lt�� /_s l-•_�L�J Q DOWNEY SAVINGS »oto (Corporation Attorney -in -Fact) STATE OF CALIFORNIA COUNTY OF M SEALDYMANALIFORNIARYSEP 11, 1993 (This area for official notarial sea0 On October 4, 1990 before me, the undersigned, a Notary Public in and for said State, personally appeared DEREK W. GEE , known to me to be the Assistant Vice President, and CATV TOMBRELLO known to me to be the Vice President of Downey Savings and Loan Association and known to me (or proved to me on the basis of satisfactory evidence) to be the persons who executed the within instrument on behalf of said Downey Savings and Loan Association, the corporation that executed and whose name is subscribed to the within instrument as the attomey-in-fad of FEDERAL HOME LOAN MORTGAGE CORPORATION and acknowledged to me that they subscribed the name of FEDERAL HOME LOAN MORTGAGE CORPORATION thereto as principal and the name of Downey Savings and Loan Association as attorney -in -fad for said FEDERAL HOME LOAN MORTGAGE CORPORATION, and that said Downey Savings and Loan Association executed the same as such attomey-in-fad. WITNESS my hand and ofjtciseal. Sim Ls-Toz (e/es) OFFICIAL SELL TONISHANNON NOTARY PUBLIC. CALIFORNIA PRINCIPAL OFFICE IN ORANGE COUNTY Xy Commission Exp. bat. 20.1991