Subordination Agreement 1981-288828 41032410
81=288828
TRANSAMERICA TITLE INSURANCE COMPANY
FIVE RAGE NO.
RECORDING REQUESTED BY: RE'.. OO REQU1EST OF
THE CITY OF POWAY TRANSAMERICA TITLE CO.
• .. 'SEP 10 8:00AM'81
WHEN RECORDED MAIL TO: OFFICIAL RECORDS
THE CITY OF POWAY . SAN DIEGO COUNTY, CALIF.
• VERA L. LYLE
DEPARTMENT OF .PUBLIC SERVICES RECORDER
P.O. BOX .348 tit 01`x.
POWAY, CALIFORNIA 92064 27947
THIS SPACE FOR RECORDERS USE
• SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust dated
April 24, 1980 , recorded in the Office of the County Recorder of San Diego
County April 30. 1980 , File No. 80-146331 , and as owner and holder of the •
obligations thereby secured does hereby make subject •and subordinate the liens thereof
to the Easement granted by MIDLAND POWAY DEVELOPMENT, a ,hint Venture rompnced of 1
Waldorf Associates, a Texas Limited Partnership. and Scripps Business Park
Associates, a California 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 August 20, 1981 , File No. 81 -266223 , 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 priorities 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 nut he made'
or entered into but for said reliance and the execution by Beneficiary of this waiver,
relinquishment, and subordination.
Dated: • 4zi€ , IQ gi BENEFICIARY: WESTERN BANCORP
R/W No. 27947 MORTGAGE COMPANY I
Exc. No. 5
Project: K-MartxtenSi F H • 1 .40/1-4( ,� /n
FxtensJon Bq. �+�� LL Ate—
•
• By: / L- ,, I
NOTE: ALL SIGNATURES MUST BE ACKNOWLEDGED V1
A-
NOTARIES: Use proper form attached
or staple appropriate
form thereto.
•
1-RE
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® 2033
PARTNERSHIP FORM
STATE OF
County of ss
On this day of A.D., 19 before me
a Notary Public in and for the said County and State, residing therein, duly commissioned and sworn, personally appeared
known to me to be one of the partners of the partnership that
executed the within instrument, and acknowledged to me that such partnership executed the same.
I
III Witness Wilfred, I have hereunto set my hand and affixed my official seal the day and year in this certificate first
above written.
Notary Public in and for said County and State.
GENERAL, FORM
STATE OF
County of ss
On this day of A.D., 19 before me
a Notary Public in and for the said County and State, residing therein, duly commissioned and sworn, personally appeared
personally known to me to be the person whose name subscribed to the within Instrument, and duly
acknowledged to me that he executed the same.
In Witness Wtbereot, 1 have hereunto set my hand and affixed my official seal the day and year in this certificate first
above written.
Notary Public in and for said County and State.
•
//nn,, CORPORATION FORM
STATE OF..a aoido
County of....A•e .Ah.. .. }ss
On this C Sr day of....4V9U5Y A.D., 199/•, before me l..'�•//ee'il a . /116Vme5
a Notary Public in and for the said County and State, residing therein, duly commissioned and sworn, personally appeared
7Tees4 //A�like S(�//[(/f�J known to me to be the y/�.1)�/eek., President
and PO LeceZ 62 r?( .known to me to be the..:./..`$S/.5 ...Secretary
of the .( ,.Je.S —esedu....4 &VCO2p... nae. Age...tSw, . ovj
the Corporation that executed the within Instrument, known to me to be the persons who executed the within Instrument, on
behalf of the Corporation therein named, and acknowledged to me that such Corporation executed the same.
3111 Witness Wijerfot,1 have hereunto set my hand and affixed my official seal the day and year in this certificate first
above written.
• Notary Public in and for said County and State.