Subordination Agreement 1993-0554186
10
1IttbRDEIl REQUEST Of fiRST AMERICI\I\ T1lU In
RECORDING REQUEr~ED BY:
CITY OF PO..'!
WHEN RECORDED MAIL TO:
CITY OF PQWAY
P.O. BOX 789
POWAY, CA 92064
2038
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2~-AUG-1993 10=~5 AM
OFFICIAL RECORDS
SAN DIEGO COUNTY RECORDER'S OFFICE
ANNETTE EVANS~ COUNTY RECORDER
FEES: O. 00
SUBORDINATION AGREEMENT
A(f't'H'''1 """", {Ii., T~O,lI~ ~~,P,LY
. ~Uiltl~V.JH" W ;., _.'101
GENERAL UTILITY
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust dated
September 5. 1990, recorded in the Office of the County Recorder of San Diego County September 5.
1990, File No. 90-483018, and as owner and holder of the obligations thereby secured does hereby
make subject and subordinate the liens thereof to the Easement granted by
TECH BUSINESS CENTER, a California general partnership
to the CITY OF POW A Y, 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 AVG. 25', 11'j~ File No.1"f93 -0 55"L(ili, 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 not be made or entered into but for said reliance and the execution by Beneficiary of this
waiver, relinquishment, and subordination.
Dated:
~/O- 9J
BENEFICIARY:
POW A Y VIEWS
R/W No:
Project:
By:
artin A. Lot , as Trustee of the
artin A. Lotz Family Trust,
Gf>:np.l'":ll P:lT'tn,p.r
Exc. No.:
By:
NOTE: ALL SIGNATURES MUST BE ACKNOWLEDGED BEFORE A NOTARY PUBLIC.
Use proper form attached or staple appropriate form thereto.
2039
CAPACITY CLAIMED BY SIGNER
STATE OF CALIFORNIA} SS ]I( INDIVIDUAL(S)
COUNTY OF SAN DIEGO . a CORPORATE
On ~.IOljbefOrem~,~~tC'~;~I( OFRCER(S) TITLE(S)
personally appeare a (-hi VI of- '1lf PARTNER(S)
CJ ~9rBeR811~ Itl"lii .'fl ti mlil -OR-~prOVed to me on the basis of satisfactory evidence a ATTORNEY-IN-FACT
to be the person(s) whose name(s) is... a TRUSTEE(S)
subscribed to the within instrument and ac-
knowledged to me that he/shelthey executed a SUBSCRBING WITNESS
~ -'"",,. ". e same in his}lonm'their authorized capa- a GUARDIAN CONSERVATOR
lty(ies), and that by hls/fle#tAelr sign- a OTHI3'l
~ '~\o> LESLIE c. DE BOER ture(s) on the instrument the person(s)
~(;':i)' NOTARY PUBLIC - CALIFORNIA r the entity upon behalf of which the person(s)
~~/~ PRINCIPAL OFFICE IN cted, executed the instrument. SIGNER IS REPRESENTING
"' "c.,;". SAN DiEGO COUNTY NAME OF PERSON(S) OR ENTITY(IES)
My Commission Expires July 5, 1994 itness my hand and official seal.
~ -- _0. C.().~r~
~
THIS CERTIFICATE Title or Type of Document
MUST BE ATTACHED Number of Pages Date of Document
TO THE DOCUMENT
DESCRIBED AT RIG-lT. Signer(s) Other than Named Above