Subordination Agreement 1991-0425704
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CITY OF POWAY
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[~C U 1991-0425704
20-AUG-1991 09:06 AM
OFFICIAL RECORDS
5AH DIEGO COUHTY RECORDER'S OFFICE
ANIIETTE EVANS, COUHTY RECORDER
FEES: O. 00
AND WHEN RECORDED MAIL TO:
CITY CLERK
CITY OF POWAY
P.O. BOX 789
POWAY, CA 92064
This space for Recorder's use
SUBORDINATION NlREEMEMT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust dated
August 8, 1975, recorded in the Office of the County Recorder of San Diego
County August 15, 1975, File No. 75-217007. and as owner and holder of the
obligations thereby secured does hereby make subject and subordinate the liens
thereof to the Easements granted by James Hoover and Ann Marie Hoover, 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.
Said easement was recorded AU(P<J~-r;in, I'\'il , File No. \'1'\1- ()<-j;;>S10~
, 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: JULY 31, 1991
BENEFICIARY: Coast Federal Bank (F.S.B,)
R/W No.
Exc. No.
Project:
By" fbl1A/3 11".. 1
. SALL~ UA~~;~ PRESIDENT
~~ ~~,
ILSE AREVALO, ASSISTANT VICE PRESIDENT
By:
(Signatures must be notarized. Notary form
attached. )
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to- .....,\
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STATE OF' .........................................
County 0(..... ....... .... ..... .................. ....
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PARTNERSHIP FORM
On Ihi .,." ".,..,.."d.y 0(" ,.,..."", ,.", ,..,.....A, D" 19,...,..be(ore me..,...,.....................,...........,.., ....,....... ....... .....
8 Nolary Public'in and (or the said County and State. residing therein, duly commissioned and 8Wom. personally appeared.......
.................................................................................... known 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.
.JJII Witnrss WI)rrror, I h.ve hereunto set my h8lld and .trixed my otricial se.1 the d.y .nd year in Ihi. certificate fir.1
above written.
...................................................................................
Notary Public: in and for asid County and Stale.
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GENERAL FORM
STATE OF...,.,........,......"."..".,..,...,..
County of. .... '" .................. ....... ..........
} sa
On Ihi."..................d.y of...........,.................,A,D., 19...., '. before me..."..............,."...... ,..........,..............", '"
s Notary Public in and (or the said County and State. residinG therein, duly commissioned and Sworn. personally appeared......
.....................................................................................................................................................................
personally known to me to be the person......whose name ............................subscribcd to the withlO Instrument, nnd duly
acknowledged to me that..........he..........executed the same.
3111 Wirnrss Wbrrrot, I have hereunto set my hand and affixed my otrici.1 se.l the day .nd year in Ihi. certificate first
above written.
..................................................................................
Notary Public in and (or saId County and State.
CORPORATIO:--l FOR.II
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91 LORRAINE SCHNEIDER ,
0" lhis"".3.1S:r...,.. ,day or.., .."J.~.J:.'!.......".,...,A.D., 19......, before me".....,..."..,.."..,........,........,.............".....,
a Notary Public in and for the said Coumy and State. residing therein. duly commiSSIOned and s.....om. personally appeared.......
SALLY ABRAMS ,
..... ............ ....... ....... ........ .... ... .... ..... ..... ......... .... ........ ....... ..... ..knov.n to me to be the......;..j.ICJL,. ............ Pre slden t
and..,..........J:,1,i?,!';..ft..,~!';y.~~~......,........................,................., known to me '" be theASS~.,..,\(ICE...P.RE.S~Q~T
of the......................................................................................................................... ............ ..........................
the Co~oration thnt execut.ed the Within Instrument. known to me to be !.he persons who executed the within Instrument, on
behalf o( the Corporation therein named. and acknowledged to me that such Corporation executed the same.
3111 Witnrss WI)mor. I have hereunto sel my hand nnd affixed my official seal the day n"d year in this certificate first
above wriHen.
OFFICIAL NOTARY SEA~
LORRAINE SCHNEIDER
Notar) Public - California
L05 ANGE~ES COUNTY
My Comm, Exp SEP 26.1994
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NOl.Jl.ry Punllc In nnd for ~Hid County [u1d Stf\te.