Subordination Agreement 1992-0231614
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RECORDING REQUESTE ,Y: ) DOC II 1992-0231614
) 354 21-APR-1992 09=20 AM
.CITY OF POWAY )
) OFFICIAl RECORDS
AND WHEN RECORDED MAIL TO: ) SAH DIEGO COUNTY RECORDER'S OFFICE
) AHHETTE EVAHS, COUHTY RECORDER
CITY CLERK ) FEES: 0.00
CITY OF POWAY ) HA
P.O. BOX 789 )
POWAY, CA 92064 )
) This space for Recorder's use
APN 323-090-63 and 64
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust dated
February 28, 1989, recorded in the Office of the County Recorder of San Diego
County February 28, 1989, File No. 89-101625 and as owner and holder of the
obligations thereby secured does hereby make subject and subordinate the liens
thereof to the Easements granted by Parkway Business Centre Partners, Ltd. 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 '-\ -;).[ -'1:L , File No. \'1 '1:;L -D).3.1 (" I;;l.. ,
and affect the real property described in said Deed of Trust.
The undersi9ned 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 easements, 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:
1- 1- 9:J--
BENEFICIARY: Poway Venture, Ltd.
R/W No.
Exc. No.
Project: TM87-13, Unit I
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(Signatures must be notarized. Notary form
attached.)
GENERAl ACKNOWLEDG~~NT
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* State of (~(I'"'O~I'''t>..
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: Co~nty Of~\",,2\), r31g'
355
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On this the ~ day OT'::r",,\~.....\P\'K'f ' 19 '7;;, before
)SS. ,-; .
) t'PrTRi(:.'{).. ).,.. A1KV\'\lAn
the undersigned Notary Public, personally appeared
"\:)~Rc.oE LuA~\) \)ARKS.\t:>~l..G ~
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personally known to me
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OFFICIAL SEAL
PATRICIA l. AIKMAN
('1(. . '. r. ": 10- r:IXUFORNIA
SAN DIEGO COUmy
My C1lmm. expires FEB 4, 1994
proved to me on the basis of satisfactory evidence
to be the person(s) whose name(s)~o ~
subscribed to the within instrument, and acknow-
I edged that \'1-1 e-l executed it.
.WIT ESS my hand and offitial,seal.
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Notary's Signature
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PARTNERSHIP ACKNOWLEDGEMENT
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* State of
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* County of
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On this the day of
)SS. -
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19
before me, *
the undersigned Notary Public, personally appeared
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[] personally known to me
[] proved to me on the basis of satisfactory evidence
to be the person(s) who executed the within instru-
ment on behalf of the partnership, and acknowledged
to me that the partnership executed it.
WITNESS my hand and official seal.
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* Notary's Signature *
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CORPORATE ACKNOWLEDGEMENT
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* State of
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* County of
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On this the
)SS.
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day of
19
before me, *
the undersigned Notary Public, personally appeared
[] personally known to me
[] proved to me on the basis of satisfactory evidence
to be the person(s) who executed the within instru-
ment as or on behalf of the
corporation therein named, and acknowledged to me
that the corporation executed it.
WITNESS my hand and official seal.
* Notary's Signature *
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me, ,.,:
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