Subordination Agreement 1991-0599258
"
2318
JC " 1991-0599258
26-HOU-1991 08:76 ~~
RECORDING REQUESTED BY
THE CITY OF POWAY
CITY OF POWAY
P. O. BOX 789
POWAY, CA 92064
OF'ICIAL RECOP~S
SAN DIEGO COUNTY RECORDER' OFF IFF
ANNETTE EVANS, COUNTY PE ORDER
cE"'''' ., ,.n,
r t:,: iJ. !)I,}
WHEN RECORDED MAIL TO:
THIS SPACE FOR RECORDER'S USE
SUBORDINATION AGREEMENT
~
Jf
FOR VALUE RECEIVED, the
APRIL 26. 1979
County MAY 1. 1979
obligations thereby secured
to the Easement granted by
und'ersigned. as Beneficiary under a Deed of Trust dated
recorced in the Office of the County Recorder of San Diego
, F~e No. 79-181852 , and as owner and holder of the
does hereby make subject ,and subordinate tlie liens thereof
VMS NATIONAL PROPERTIES. AN ILLINOIS GENERAL PARTNERSHIP.
CC'j;-,
~(
to THE CITY OF l'OWAY, it being' understood and agreed that foreclosure of said'Deed of
Trust shall not affect, defeat or render 'invalid "-ny rights under and by virt'''e 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 e;lSement was recorded I \-~ -'t I .
the real property described in said Deed of
F~e No \'t'lI-OS~'l';"'5(.,
,
Trust.
, and affects,'
The undersigned Beneficiary of said Deed of Trust decl~res ~nd acY~ovledges that it
hereby intentionally ~aives, relinquishes, nnd 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 :!.t understands that in reliance upon and
in. consideracion of chis ~aiver. reIinquish::ent. and subordinacion specific monetary
and other obligations ~ill 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
relinquish:::ent, ~nd subordination. .
Coast Federal Bank ,successor in
Interest To:
Dated: BENEFICIARY: CENTRAL FEDERAL SAVINGS
R/W No.
Exc. No.
Project:
AND LOAN ASSOCIATION, A
CORPORATION
By: /{JlQ~
Sally Abrams, Vice President
,
By: ~ ~'\.~\%
Ilse Arevalo, Assistant VIce President
NOTE: ALL SIGNATURES MUST BE AOO{OWLEOGEO NOTARIES.
Use proper' form ~tt~<:hed or st~le ~ppropr1ate form thereto.
2319
STATE OF......,..................................
County of..... ..... .................................
} ss
PARTNERSHIP FOR~I
On t.hi s.... h -. ...,n .day of.... h._........ __ n....... A. D.. 19....... before me........._... ........ .... _..................... _... _. e........... ._.
S Notary Public in and lor the said County and Slate. residing therein, duly commissioned and sworn. personally appeared......
..................................~.................................................. knolNtl 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.
In Witnrss Wf)rrrof. I have hereunto set my hand and affixed my official seal the day and year in this certificate first
above written.
....................................................................................
No1.8ry Public in and tor said County and State.
GENERAL FORM
STATE OF.........................................
County 0(. ............. ........ ........... ..........
} S8
On this....................day of..............................A.D.. 19....... before me.............................................................
a Notarl Public in and (or the said Count.y and S18.te. residing L"erein. duly commi3sior.ecl GJld =i.,l(()m. personally appeared......
......................................................................................................................................................................
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.
]'n UJitnt5S Wbrrtol.l have hereunto set my hand and aifixed l':'IY official seal the day and year in this certificate first
above written.
..................................................................................
Notary Public in and for said Counly and State.
(
STATE OF..,
County of...
CORPOR,HIO:--l FOCl\l
} s.
On thi......If.-:ti.....d.y Of......~....A,D" 19,1./.. belo," "'e...,...J./J.f2fY.J.J.N~~IIJV.DQ(;K.,~..
a Notary Public :n .:md for the sa~ County and Stale. resldinR therein. .::uly co:nmlsSloned and sworn. personally appeared.......
..,..... ,............. .,;;?/.I/,./:,y.....t:!J?<J:1-S... ............ ..................... .,KnO~" to me to be the...........V.lLE........ Pre siden I
and,.........{!;i..-::l.t..sE..../)gJ;:J1A~IJ..................................... known to me to be th........A.$.?T.:.........S.cret..,.
01 the".".. "i/I5:r.... .ZEDs &1.11........ BAfi.L J:r............,. ..., '.......',...,..... .............. ..........,..,......,..."...........,..,..
the Corporation l.'llll executed the Within lnstrument. known to me to be the persona who execuled the within Instrument. on
behalC of the Corporation therein named. and acknowledged to me that such Corporation executed the some.
lIa Wirness Wt,crcott have hereunle Set my hand end affixed my of(jcial seal the day and year in this certificate first
above written.
@.....,...',OFFICIALNOTARYSEAL
: .-...: ' ~ LORRAINE SCHNEIDER
: ,-_. . Notal) PUbI.ic - California
'. ' LOS ANGELES COUNTY
, My Comm, Exp, SEP 26,1994
...~.~............,.......
SotJ\ty Publ ic in end for sllld County 8J1d Stnte.