Subordination Agreement 1992-0181666
RECOROING REQUEST EO BY
THE CITY OF POWAY
2032
D[~ U 1992-0181666
31-MAR-1992 08147 AM
OFFICIAl RECORDS
SAH DIEGO COUHTY RECORDER'S OFFICE
AHHETTE EIJAHS. COUHTY RECORDER
FEES' 0,00
WHEN RECORDED MAIL TO:
CITY OF POWAY
P. O. BOX 789
. .
POWAY, CA 92074-0789
THIS SPACE FOR RECORDER'S USE
SUBORDINATION AGREEMENT
~
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust
dated June 16, 1989, recorded in the Office of the County Recorder of San Diego
County June 16, 1989, File No. 89-317637, and as owner and holder of the
obligations thereby secured does hereby make subject and subordinate the liens
thereof to the Easement granted by Poway Creekside Partners 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 ~~!>l-'\.... , File No. \'l"l1.-0l81lD(,'
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 subor-
dination 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:
J/~"h2-
. I
BENEFICIARY:
ELVIRA ZUPON, as Trustee
under Declaration of Trust
dated January 28, 1982
t~ r?t-~j0
R/W No.
Exc. No.
Project:
By:
By:
NOTE: ALL SIGNATURES IlJST BE ACKNOWLEDGED NOTARIES.
Use proper fol'lll aUe.ched or staple appropriate fol'lll thereto.
___'1_
. GENF.RAl AC~NOWl.EDGEMENT
State of ,1t'a/;~/'1Ud
County of 0.,17 Aldf'/)
2033
On thi s the eZtI day of mt!n.h
)SS'..h ~
) vl1,ze. 'b,ljJ
the undersigned Notary Public, personally appeared
~/t'lr"4 Z~/Jt?/1
, 19~~, before me,
l'a6illleeea:lel;:~~~1:l~~:~I.te~ personally known to me
NOTARY PUllIC. CALIFORNIA
. PRIN.CIPAl OffiCE IN proved to me on the basis of satisfactory evidence
, SAN DIEGO COUNTY ( ) ( )
~ ~erilnil..1oiI (1(1I1;" March 31, 1995 to be the person s whose name s
'1__ il~ih '<11 i IU'flTJ "I' subscribed to the within instrument, and acknow-
ledged that executed it.
WIT[NESS my h~ and official seal.
Lj.iJJ~ , ~
I 'N"Otarv's Sianature
'-
PARTNERSHIP ACKNOWlEDGEMENT
On this the day of
)SS. -
)
, 19_, before me,
State of
County of
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 on behalf of the partnership, and acknowledged
to me that the partnership executed it.
WITNESS my hand and official seal.
Notarv's Sianature
CORPORATE ACKNOWlEDGEMENT
On this the day of
)SS. -
)
, 19_, before me,
State of
County of
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.
Nolarv's Sianature