Subordination Agreement 1993-0768098
1361
~~ U 1993-0768098
16-HOV-1993 08=45 AM
OFFICIAL RECORDS
SAH DIEGO COUHTY RECORDER'S OFFICE
ANHETTE EVAHS, COUHTY RECORDER
FEES: 0.00
RECORDING REQUESTED BY
THE CITY OF POWAY
WHEN RECORDED MAIL TO:
CITY OF POWAY
P. O. BOX 789
POWAY, CA 92064
THIS SPACE FOR RECORDER'S USE
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the
May 14, 1987
County Mav 27. 1987
obligations thereby secured
to the Easement granted by
undersigned"as Beneficiary under a Deed of Trust dated
recorced in the Office of the County Recorder of San Diego
, File No.87-290452 , and as owner and holder of the
does hereby make subject and subordinate the liens thereof
R & R PA~TNERS-POWAY. 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 e;l.sement was recorded 1\- \ Ie - 'I ?
the real property described in said Deed of
, FUe No. \<')"\ S - 011,':, L'C/-,
Trust:.
, and affects -
The undersigned Beneficiary of said Peed of Trust decl~res and ac~~o~ledges that it
hereby intenr.ionally \.1aives,. relinqui.shes, and subordmates 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 thaC ~t understands that in reliance upon and
i~consideration of this yaiver, relinquis~ent, and subordination specific monetary
and other obligations will be entered into by T~ird Parties ~hich would not be made
or entered i~co but for said reliance and ~he execution by Seneficiary of this waiver,
relinquish=ent, and subordi~acion.
BENEFICIARY: DOWNEY SAVINGS AND LOAN ASSOCIATION,
A CALIFORNIA CORPORATION
By: ~
Ro~ert L. Ke,per,
NOTE: ALL SIGNATURES MUST BE ACKNOWLEDGED NOTARIES.
Use proper form attached or staple appropriate form thereto.
.
. "STATE OF CALIFORNIA
COUNTY OF ORANGE
)
)
ON OCTOBER 14. 1993 BEFORE ME, m~R;El\.F~E.~
\5USMIER' I ' PERSONALLY
APPEAREDFRRnRRR'T' To KRMPF.RI liNn MICHAEL L. VARI
I Xl PERSONALLY KNOWN TO ME - OR - 0
PROVED TO ME ON THE BASIS OF SATISFACTORY
EVIDENCE TO BE THE PERSQN (S) WHOSE NAME (S)
11&/ ARE SUBSCRIBED TO THE WITHIN INSTRUMENT
AND ACKNOWLEDGED TO ME, THAT ~THEY
EXECUTED THE SAME IN ~/THEIR AUTHORIZED
CAPACITY (IES) , AND THAT BY ~/THEIR
SIGNATURE(S) ON THE INSTRUMENT THE PERSON(S)
OR THE ENTITY ON B~F OF WHICH THE
PERSON (S) ACTED, EXECUTED THE INSTRUMENT.
WITNES~ MY ,HAND AND OFFICIAL SEAL.
'lfJ d1uAJ/i/lt /l, ~A.I'/I./
OFFICIAL SEAL
Marianne Kusmier
. NOTARY PUBLIC - CAUFORNIA
ORANGE COUNTY
MyComm. Expires Se:: ?7 199~
OFI'ICZAL S2AL
Marianne Kusmier
NOTARY PUBLIC. CALIFORNIA
0RAN0I COUNTY
MWO Comm. ExJlnI SIp&. 27.1
3-B-2
136,2
CAPACITY CLAIHED BY
SIGlIBR
IJ INtlIVIDUAL(S)
~ CORPORATE OFFlCER(S)
Chief Executive Officer
Scninr vi~p Pr~~ident
TITLE(S)
o PARTNER(S)
o ATTORNEY-IN-FACT
IJ TRUSTEE(S)
IJ SUBSCRIBING WITNESS
IJ GUARDIAN/CONSERVATO
R
IJ O'l'IlER
SIGHBR IS RBPRBSElITIlI'G
NAME OF PERSON(S) OR
EN'l'ITY(IES)
"
(3/93)