Subordination Agreement 1992-0036497
859
DOC" 1992-003~4rl'sL
23-JAH-1992 08:29 AM
OFFICIAL RECORDS
SAH DIEGO COUHTY RECORDER'S OFFICE
AHHETTE EVAHS. CDUHTY 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
~
~(
FOR VALUE RECEIVED, the
May 23, 1990
,
County May 25. 1990
obligations thereby secured
to the Easement granted by
Partnership
undersigned, as Beneficiary under a Deed of Trust dated
recorded in the Office of the County Recorder of San Diego
, File No. 90-287902 , and as o~er and holder of the
does hereby make subject.and subordinate the liens thereof
C.F. Poway, Ltd,. a California Limited
to THE CITY OF POI,AY, 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 ei\sement was recorded \ - d-. ~ - Cj:J-
the real property described in said Deed
. File No.\'1'id.-OO"lo'-l"i1o ,aod
of Trust..
affects'
The undersigned Beneficiary of said Deed of Trust declares and ac\~o~ledges that it
hereby intentionally waives, relinquishes, and subordinates the priorities and
superiorities of the lien a~d charge of said Deed of Trust upon the land described .
therein in f~vor of said easemenc, and that it understands thac in reliance upon and
in. consideration of this waiver, relinquish=ent, and subordination specific ~onetary
and other obligations will be entered into by T~ird Parties ~hic~ would not be made
or entered into bue for said reli~nce and the execution ~y 3eneficiary of this vaiver
relinquish=ent. ~nd subordi~atiQn. '
Dated:
II j,~" / cl)
BENEFICIARY: TORONTO DO~nNION (CALIFORNIA), INC,
By:
Corporation
j.
R/W No.
Exc. No.
Project:
BY:~/
(kw (;,JA'J.w:r
NOTE: ALL SIGNATURES MUST BE ACKNOWLEDGED NOTARIES.
Use proper form attached or staple appropriate form thereto,
(5647-23/EQ ESMT)
.,
8GO
STATE OF......................................... }.
County of.,......................................... S6
PARTNERSHIP FORM
On thi s. ..... Un' ,. ,.day O~,... '....n.......'~...... .A. 0,. 19.....~.be[ore me 0_ ..... .~.. ......~.... ............... '....n.. ................... n.
e ~otary Public in and (oc the said County and Slate, residing therein, duly commissioned and sworn, personally appeared,...~.
~............~...................:.....u......,....................~~............... kno\YD to me to be one of the partners of the partnership that
executed the within instrumen~. and acknowledged to me that. such partnership executed the Ba~e.
]'11 Witness IDbrrrof. I have hereunlo set my harid and affixed ~y official seal the day ~nd year in this certificate lirst
above written.
.....~.~...........~.........................~.....~...............~..............
Notary Public in and (or said County and State.
GENERAL r'ORM
STATE OF...".........,..,.........,.,.....,..... }
County of.................................,......... S9
On this....................day o(...........,..................A,D.. 19....... before me............~........~.~.................................;....
a Notary Public in and (or the said County and ,State. residing therein. duly commissioned and sworn. per~onal1y,8ppeared......
..~.................~.............~...~.....,~..,..'.....................,~.........~......................~...............~.....~.....'.............................
personal1y known to me to be the person......whose name ............................9~bscribcd to the within Instrument. and duly
acknowledged to me that..........he......~...execuled the same.
In Witnrs.s IDbrrror. I have hereunto set my hand and affixed my official seal the day and year in this certificate first
above written.
Notary Public in and for said County and State.
CORPORATION FORM
Texas
STATE OF.MarriS...............,............
County of. '...... ...~ ............... ......,. .....,..
}ss
x
21st Noverrber 91 Sandra Cha;,arria
On thi8.......~...........,day of.....,..,.....~....,..,.......A,D.. 19....... before me...~.........~~~........~.....................,.......:.......
a Notary Public in-AfldJor the said County and Stale, residing therein. duly commissioned and Sw.,QI11,,- personal1y appeared.......
Warren R. j;'lnlay ., vlce .
...'....C'aroIe.'P;:..'Clause..'.....'....'.......'..'..............".,......,...."known to me to be 'h"li':iJ::e.'presi:dent.. Preslde~t
end,...,'TOroi'itlY'rotIttltc:m..(Ca:tlronti:aT.;..:fnc~.'...........,... known to me to be the................,.............Secret.ry
of the..~.. ........ ................... ..~........ ,.....,................................................... ......: ................ ...~...... ....... ......... ..........
the Corporation that executed the within Instrument. known to me to be the perso~8 who executed .the within Instrument., on
behalf of the Corporation therein named. and acknowledged to me that such Corporation executed the Gsme.
.3!n IDitnrss UJIJrrror. I have hereunto set my hand and affixed seal the day and year in this ~erti(jc8t.e (jrst
6'1~'i.v'g>.,
:~.;{. '7;,.'.; ~
, ~5!:~~.?}
-~.;..~
........a~~.....
No18ry Public in and for soid Counly and Stale,
above written.
{:r~~~J:J~ CfiNo"AHHlA
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,
f'~HIBIT "A"
861
LEGAL DESCRIPTION - EQUESTRIAN TRAIL EASEMENT (IN APN 317-222-19)
THAT PORTION OF LOT 48 OF CITY OF POWAY TRACT 85-04 UNIT 1,
POMERADO BUSINESS PARK-PHASE I, ACCORDING TO MAP THEREOF NO. 11742
FILED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY ON
MARCH 9, 1987 IN THE CITY OF POWAY, COUNTY OF SAN DIEGO, STATE OF
CALIFORNIA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT THE EASTERLY POINT OF TERMINUS OF THE 970.00 FOOT
RADIUS CURVE ALONG THE SOUTHERLY LINE OF THE RIGHT-OF-WAY OF METATE
LANE AS DEDICATED PER SAID MAP NO. 11742; THENCE ALONG SAID
SOUTHERLY LINE, SOUTH 88'43'55" EAST 300.51 FEET TO A POINT ON THE
EASTERLY LINE OF THE EXISTING EQUESTRIAN TRAIL EASEMENT AS SHOWN
IN LOT 48 OF SAID MAP NO. 11742 AND GRANTED TO THE CITY OF POWAY
PER DOCUMENT RECORDED NOVEMBER 13, 1987 AS FILE NO. 87-637494 OF
OFFICIAL RECORDS; THENCE LEAVING SAID RIGHT-OF-WAY OF METATE LANE
ALONG SAID EASTERLY EASEMENT LINE, SOUTH 0'56'23" WEST 9.07 FEET
TO THE BEGINNING OF A TANGENT 202.00 FOOT RADIUS CURVE CONCAVE
NORTHWESTERLY; THENCE ALONG SAID EASTERLY LINE OF SAID EASEMENT:
SOUTHWESTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE
OF 31'51'08" A DISTANCE OF 112.30 FEET; THENCE TANGENT TO SAID
CURVE, SOUTH 32'47'31" WEST 222.00 FEET TO THE TRUE POINT OF
BEGINNING; THENCE CONTINUING ALONG SAID EASEMENT LINE, SOUTH
32'47'31" WEST 54.10 FEET; THENCE SOUTH 75'28'23" WEST 120.60 FEET
TO THE BEGINNING OF A TANGENT 95.00 FOOT RADIUS CURVE CONCAVE
SOUTHEASTERLY; THENCE SOUTHWESTERLY ALONG THE ARC OF SAID CURVE
THROUGH A CENTRAL ANGLE OF 40' 56 I 25" A DISTANCE OF 6 7 . 8 8 FEET TO
A POINT ON A NON-TANGENT LINE; THENCE LEAVING SAID EASEMENT LINE,
ALONG SAID NON-TANGENT LINE, SOUTH 89'40'11" EAST 199.01 FEET;
THENCE NORTH 0'43'54" EAST 115.00 FEET TO THE TRUE POINT OF
BEGINNING.
SAID EASEMENT HAS AN AREA OF 0.235 ACRE, MORE OR LESS.
THIS LEGAL DESCRIPTION (EXHIBIT "A") AND A SKETCH LABELED EXHIBIT
"B", ATTACHED HERETO AND MADE A PART HEREOF, WERE PREPARED BY ME
OR UNDER MY DIRECTION.
SIGNED: O~~ 7-Z'-9/
/ . JAMES ~-LONG', L.S. 5937
LICENSE EXPIRATION DATE: 12-31-92
BPM
/-1/1
JlI 5647-23
4-05-91
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