Subordination Agreement 1991-0599257
"
RECORDING REQUESTED BY
THE CITY OF POWAY
~JC " 1991-0599257
20-NDU-1991 08:26 AM
2316
OFFICIAL RECOPOS
SAH D1EGO COUHT'! RECORDFR'S OFFICE
AHNETTE EVANS, coum RECOF:r,;P:
FEES: a. 00
WHEN RECORDED MAIL TO:
CITY OF POWAY
P. o. BOX 789
POWAY, CA 92064
THIS SPACE FOR RECORDER'S USE
.SUBORDINATION AGREEMENT
f6
,d
FOR VALUE RECEIVED, the
.TIILY 9. 1981 ,
County JULY 14. 1981
obligations tbereby secured
to the Easement granted by
undersigned, as Beneficiary under a Deed of Trust dated
recorced in the Office of the County Recorder of San Diego
, File No.81-220131 , and as owner and holder of the
does hereby make subject.and subordinate the liens thereof
VMS NATIONAL PROPERTIES. AN ILLINOIS GENERAL PARTNERSHIP.
(~, .~
.i
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 tbe righcs of
any purchaser under a foreclosure of said Deed of Trust.
Said e;tsement was recorded 1l-.;tN -"II .
~he real property described in said Deed
, File No. 1'1'11- 051'1;1,5'"
of Trust,
, and ;tffects -
The undersigned Beneficiary of said Deed of Trust declares and ac~~owledges that it
hereby intentionally waives,. relinquishes,' and subordinates tbe priorities and
superiorities of tbe lien and charge of said Deed of Trust upon the land described .
therein in favor of said easement, and that it understands tbat in reliance upon and
~n.consideracion of chis vaiver. re1inquish=enc. and subordination specific monetary
and other obligations will be entered into by Third Parties wbich would not be made
or entered into but for said reliance and the execution by Beneficiary of this waiver
,
rclinquish=ent, and subordination_ Coast Federal Bank, Successor in
Interest To:
Dated: BENEFICIARY: CENTRAL FEDERAL SAVINGS
R/W No.
Exc. No.
Project:
AND LOAN ASSOCIATION, A
By:
Sally Ab s, Vice President
"f;:,J:;,. C\ ~ :;;..." 'l:J \~ 'l"
-... .......... '--;:-
llse Arevalo, Assistant Vice President
By:
NOTE: ALL SIGNATURES MUST BE A~NOWLEOGEO NOTMIES.
Use proper fonn attached or staple approprt~te fonn thereto.
.'
2317
STATE OF......................................... }
County of.,..,.....................,..."..,........ 56
PARTNERSHIP FOR~l
On this,....... .......day of..........,......, ....... ,.A. n.. 19....., ,befoff': me,......,...,............,.. .,.,... "...n... ,...........,..,.... ....
. Notary Public in and (or the said County and Slate. residing therein, duly commissioned and sworn, personally appeared......
..~......~.............,..,....,.....,..,....~~............................~........ knoYtn. to me to be one of the partners of the partnership that
executed the within instrument, and acknowledged to me that such partnership executed the same.
]11 Witness ID~rrcof. I have hereunto set my hand and affixed my official seal the day and year in this certificate first
above written.
.,....,......................,....,......~.....~....._..44'4.'...~..n.n...~.~...
Notary Public in and for said County and State.
GENERAL FOR~1
STATE OF..""""..",.,,,,,,.,,..,,,.,,...,,...
Coun ty of.. .~..,.,....... ....._.........~..n ......~
} sa
On this,. .4" ,.........,. ..day 0 r.....,................n.... ,.A. D., 19"..... before me,...,., ,...... ....................,.. ....... .................
a Nola9' Pub~ic in and for the said COl.:n'ly and Slat.e. residing therein, duly commissioned and sworn, per~onQlly appeared......
......~...4.4........'.,.......'.......4......~..........4...........................".........,......,........,.,......-.......,..............,....................
personally known to me to be the person......whose name.............,..,...,.......subscribcd to the within Instrument, and duly
acknowledged to me that..........he..........executed the same.
3111 llJirnrss illbrrrof. I have hereunto set my hand and affixed my official seal the day and year in this certificate first
above written.
NOU3;ry Public in and for said County and State.
STATEOF...~"...n.... }
CountyOf..~~........... 55
CORPORATION FOn~l
On thi......./Xd...day Of.,....~~L"....A.D., 19.5.'1. berNe rne.........MI2I?A/.N~..;?;;!IfHJi?!I?€!?."
a Notary Public :n ~d for the 5al1 C:oumy and State. reSiding therein. cui.,.. cOr:J.mlssloned and sworn, \P?5onally appeared.......
......................~.~gy_....ClI:?!?I!ft:t.:s.,......,...........,...............kOO....11 to me to be the,........v:.1.f!.J;;:........, Pre sident
and...""...../in:;r;j,$;;;...,,AuM~ "....n.."""....."....,.. known to me to be Lhe.."../.t.S:?,L..........Sec'etary
of the n.,..,. L..-iJA.$..T.,..., rJ:i2..f;,fA t..., EAl" K...........,..."............ n. n."."...."",.... ..,..,...."..............,..,. .....,.
the Corporation 1.'1at executed the within Instrument, ~own to me to be the persons who executed the within Instrument, on
behalf o{ the Corporation therein named. and acknowledged to me thal such Corporation executed tho SQrne.
]n Witness llilJrrrof. I have hereunto set my hand and arrixcd my orcicial seal the day and year in this certificote rirsl
above written.
@.':'.""'OFFICIALNOTARYSEAL
: "..,. . , LORRAINE SCHNEIDER
: ....~ : .. Notary Public - California
~ LOS ANGELES COUNTY
, My Comm Exp SEP 26,1994
..... - .. y?.. ," .. "...~u.....um"
......~~
Sotnry Public in c.nd for slud County and Stnte.