Subordination Agreement 1992-0181664
R>.CORDING REQUESTED BY:
CITY OF POWAY
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DlJ U 1992-0181664
31-MAR-1992 08147 AM
OFFICIAL RECORDS
SAH DIEGO COIIfTY RECCIlIlER' 5 OfFICE
AHHETTE EIJAHS, CIDlTY RECORDER
FEES: 0.00
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AND WHEN RECORDED MAIL TO:
CITY CLERK
CITY OF POWAY
P.O. BOX 789
POWAY, CA 92064
APN 276-140-17
This space for Recorder's use
SUBORDINATION AGREEMENT
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FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust dated
February 9, 1990, recorded in the Office of the County Recorder of San Diego
County February 23, 1990, File No. 90-097613, and as owner and holder of the
obligations thereby secured does hereby make subject and subordinate the liens
thereof to the Easements granted by Scott J. Mubarak and Sandra J. Mubarak,
husband and wife, 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 easements, and said easements shall be
paramount and superior to the rights of any purchaser under a foreclosure of
said Deed of Trust.
Sa i d easements were recorded 0 ~; 1- 'i ;1.
, Flle Nos. l"l~'). .ol$~w.~
, 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: March 13. 1992
MDRA 88-60
MCUP 88-10
BENEFICIARY: Security Pacific National
@J'
By: r~da ~:~diS,~i~l--
R/W No.
Exc. No.
Project:
By:
(Signatures must be notarized. Notary form
attached.)
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STATE OF CALIFORNIA
ORANGE
} SS.
COUNTY OF
March
On
16,
1992 before me, a Notary Public in and for said state, personally appeared
Brenda Kond i s
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personally known to me (or proved to me on the basis of satisfactory evidence) fo be the person(s) whose name(s) is/are subscribed to the
within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their
signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, ~~IIl~..\t1~~_______
l . OFFICIAL SEAL l
l ."...' KATHLEEN DAVIS l
l NOTARY PUBLIC _ CALIF l
WITNESS my hand and official seal. l. PRINCIPAL OFFICE IN l
~ ~ / ORANGE COUNTY l
L.~~ _~Q~_~~~~_~ p~.e'!!;E2 ~~ ~3).}~9~t
.L/ . .-.-,-.-,- '-'-.-
''''99'9225No'.''''''~"' (Notary Public's Signature) (Seal)