Subordination Agreement 1992-0231611
.<:~~C;;::-L1G R~Q~EST.
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CITY OF POWAY
AND WHEN RECORDED MAIL TO:
CITY CLERK
CITY OF POWAY
P.O. BOX 789
POWAY, CA 92064
APN 323-090-63 and 64
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DOC.~ 1992-0231611
21-APR-1992 09120 AM
345 OFFICIAL RECORDS
SAH DIEGO COUHTY RECORDER'S OFFICE
AHHETTE EVAHS, cOUNTY REcORDER
FEES I O. 00
HA
This space for Recorder's use
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersi9ned, 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 8usiness 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 '-\ -.;).\-<!:J. , File No. \<;").)., - D;<31lPOl ,
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.
Dated:
:z - 3- '7;'2
R/W No.
Exc. No.
Project: TM87-13, Unit I
BENEFICIARY: Poway Venture, Ltd.
By:.----ALO< //~'. ~>14,dC:
By: ~u/ /'Iy'
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A.,D
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(Signature
attached. )
Notary form
i ,'~::f.C/~LEDGE~~NT
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.x State of
On this the
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day or
19
before me,
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* County of
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) whose name(s)
subscribed to the within instrument, and acknow-
ledged that executed it.
WITNESS my hand and official seal.
* Notary's Signature *
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PARTNERSHIP ACKNOWlEDGEMENT
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* State of(J~j"FOl>-"', ~ On this the :1l. day of ;r"",,",u-t>..l'>-f ' 19 '7~, before me, *
* "" " )SS. '\J *
* County of ,...)'~'^ VI"2f) I~\R \ c ~ J - ~I K ~-A 1---- *
* the undersigned Notary Public, personally appeared *
~1J...J...,/ .r.~'^-'\)'\r "'f'7\){...)~~~
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LU.~~O
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personally known to me
nrf.'ICL'\L -~
M,p~rRlcIA l. AIKMAN
f., "t'L'I,'ll;~ - (;,'\lirDi~I\JIA
SAN DIEGO COUrlTY '
My, co~~. eXj::ires FEB 4, 1994
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.
~ESS mY_hand ,and official seal.
~~~1....'~
Notary's Signature
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CORPORATE ACKNOWLEDGEMENT
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* State of
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On this the
)SS.
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day of
19
before me, *
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the undersigned Notary Public, personally appeared
[] pero01ally known to me
[] Pi 0 me on the basis of satisfactory evidence
to ,e person(s) who executed the within instru-
men, or on behalf of the
corp ion therein named, and acknowledged to me
that c,,~ corporation executed it.
WITNESS my hand and official seal.
* Notary's Signature *
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