Subordination Agreement 1991-0599259
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~~C " 1991-05992:?
20-NDU-1991 08:26 A~
OFFICIAL RECORDS
SAN DIEGO COUNTY RECORDER'S OFFICE
ANNETTE EVANS, COUHTY RECORDER
FEES: 0.00
RECORDING REQUESTED BY
THE CITY OF POWAY
WHEN RECORDED MAIL TO:
CITY OF POWAY
P. O. BOX 789
POWAY, CA 92064
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
OCTOBER 26. 1984 , recorded in the Office of the County Recorder of San Diego
County NOVEMRER 6. ]984 , File No. 84-419391 , and as owner and holder of the
obligations thereby secured does hereby make subject'and subordinate the liens thereof
to the Easement granted by VMS NATTONAT. PROPERTIES. AN ILLINOIS GENERAL PARTNERSHIP.
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to THE CIn OF POI-lAY, 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.
S~id e;lsement was recorded I\-;Lo-'\I' , File No 0 '5"i"l~Sr",
the real property described in said Deed of Trust.
, and affects -
The undersigned Beneficiary of said Deed of Trust decL:1res and ackno"'ledges thai: it
hereby intentionally waives, relinquishes, and subordinates the priorities and
superiorities of tbe lien arid charge of sa:ld Deed of Trust upon the land described .
therein in favor of said easement, and that ;it understands tbat in reliance upon and
in. consideration of this "aiver, re1inquish:ent, and subordination specific monetary
and other obligations "ill be entered into by Third Parties "hich "ould not be made
or entered into but for said reliance and the execution by Beneficiary of this "aiver
relinquish::ent, and subordination. ,
Dated:
BENEFICIARY: BH MORTGAGE CORPORATION
R!W No.
Exc. No.
Project:
A CALIFORNIA CORPORATION
8Y~~04r-
ice Presldent
By:
NOTE~ ALL SIGNATURES MUST BE AOO{OWLEOGED NOTARIES.
Use proper form a.tta.ched or sta.ple a.ppropr1a.te form thereto.
STATE OF......................................... }
Co~nty of.,.....,....................,.,...."...... 58
2321
PARTNERSHIP FOR~l
On lhi s........... _...day of.., __0.. on _........ 0..... .A. D., 19....., ,before me,.. ..... "'nu~~................. n............ ,. .............., n_
a l:'lot.ary Public in and for the said County and State~ residing therein, duly commissioned and sworn. personal1y appeared......_
..................................~.....n............................~...............~ kno'Ntl to me to be one of the partnen of Ute partnership that
executed the within instrument. and acknowledged to me that such partnership executed lhe same.
JI1 Witntss lVbrrrot. I have hereunto set my hand and affixed my official seal the day and year in this certificate first
above written.
...~~......................~.~.....~...................~~.....................~u....
Notary Public in and (oe said County and State~
GENERAL FORM
STATE Ol".......,.........,.......................
County of. ................... ...... .~.~. ..~.........
} s.
On this...................,day o(..........~...~.....~.........A,D.. 19....... before me.............................................................
a Not..a.l?' Public in and for the said Count.y and State. residinc therein. duly commissioned and sworn. 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 Witnrss Wl)rrrot. I have hereunto set my hOUld and affixed my official seal the day and year in this certificate first
above Wl'itten~
......,............."......~,............,.......,.,...................,.......~~
Notary Public in and (or said County and State.
CORPOR.-\TlO:-l FO,nl
STATE OF......u9.~.thf!?X.I).:!-!Lu......... }
County ot.,........Q:r,9.ll.g.e........"....."..... ss
On thi......l5.th.......d.y of.......Q.~!;g!H~L....u...A.D., 19..9.L hefo.e "'e......~.thy...\\...."P.In::Uy........u..................
a Notary Public in ~d (or the said Coc.."lty and State. reSiding therein. cuI)' cO:':lmissioned and s.....om, personally appeared....,.,
Joneen Holleran '. Vice .
......................,.,.........~, ,.--~.. ,.,.... ..... ...........,..........,...,.........., ,.K1l0\lo1l to me to tie the...............,. ....., ,..... Pre slden t
and..................~.~........ ,.... ,.............. ....,...." .......,...........,.....,.". known to me lD be the.........::::.. ,.., ... .,....,.Secn:tary
of the......,.... .,1;\];1. .J:tQX,tgagl:.. Q!?r.p.9X fl.1;;i.gn..... u..............,........................., .........,................ u........................,.
the Corporation t.~at ~xecuted the within Instrument. known to me to be the persons who executed the within Instrument, on
behalC oC the Corporation therein named. and acknowledged to me that 8uch Corporation executed tho some.
1111 Witness Whereof. 1 have hereunto set my hand and a((jxcd my official seel the day alld year in this certificate first
above wTltten.
OI'I'IClAIo uaL
KATHY ILIPUMY
..... . GlILI'ClIIM
17 .. COUIIYY
..,0.-........ _ 3'. 1895
n..!:~~:;~:..........