Subordination Agreement 1992-0231613
RECaRDING REQUEST: 3Y: ) DOC ~ 1992-0231613
) 21-APR-1992 09120 AM
CITY OF POWAY )
. ) 352
OFFICIAL RECORDS
AND WHEN RECORDED MAIL TO: ) SAN DIEGO COUNTY RECORDER'S OfFICE
)
CITY CLERK ) ANNETTE EVAHS, COUNTY RECDRDER
CITY OF POWAY ) FEES: O. 00
P.O. BOX 789 ) NA
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
November 1, 1989, recorded in the Office of the County Recorder of San Diego
County December 11, 1989, File No. 89-669338 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 "-d-I - "i ..2 , Fll e No. l q <];;L -o.)..s Ill' I ~ ,
and affect 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 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.
Da ted : c:J -:3 - 9 :J..,
BENEFICIARY: Wells Fargo Bank,
National Association
By: ~~ ~11d'
Nu ;kp~
BYX:~~~
VQ? ~ij~ /1-
R/W No.
Exc. No.
Project: TM87-13, Unit I
(Signatures must be notarized. Notary form
attached.)
353
. GENERAl ACKNOWLEDGEME~
'k * * ."'* * * * * * * . Ie * * (* * * * * ;r;* * * * * *,. * * * * * * * * * * * *
: ~tate, of f!n.j~llHhfU"/)Ss.on thi~S the L day o;\--~ 19!12:::, before me,:
* County of ()d"&~"~l. ) AMI / ~ ~ *
* the un ersigned Notary P"ubl ic, personal y appeared *
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: ~ .jjuA7tAttd ~ ,x'L-<14Au ~/.JJu'
:;.'>.S.~.~":;~~~:~. y. ,F,'L -"'1~ersOnallY known to me
*, "'," r11'\t\J!\.;i:;;: i r-:,.t "" RDO E I-'
: i'.:,.~':t;,i ""~~'r;:,;;,~'c~~~;~",a fD ptrobvedthto me on t,he) bahsis of sa,tl)'sfactory evidence
'. ,.,~~~.:.:;.,,/ I\.~v CUllllrl. [)"plrcs MAR 10 lQ,c:'" : 0 e e person 5 W ose name s
*'~-~ . .. " .. .. v_~-t subscribed to the within instrument, and acknow-
* I edged that executed it.
* WITNESS my hand and official seal.
: /~-LM~ f )//~
* 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
)SS.
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19
this the
day of
before me, *
the undersigned Notary Public, personally appeared
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* Notary's Signature *
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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.
On
)SS.
)
this the ____ day of
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-
mentas or on behalf of the
corporation therein named, and acknowledged to me
that the corporation executed it.
WITNESS my hand and official seal.
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