Subordination Agreement 1991-0347702
Du~ U: 1991-0347702
2196 16-JUL-1991 08:14 AM
SAN DIEGO COUNTY RECORDER'S OFFICE
RECORDING REQUESTED BY AHHETTE EVAHS, COUHTY RECOROER
THE CITY OF POWAY FEES: 0.00
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 undersigned, as Beneficiary under a Deed of Trust dated I i
, 05-31-90 , recorced in the Office of the County Recorder of San Diego
County 05-31-90 , File No. 90-297382 , and as owner and holder of the
obligations thereby secured does hereby make subject and subordinate the liens thereof
to the Easement aranted by Maurice Maio and Laura Beth Maio. Co-Trustees of the
Maurice Maio and Laura Beth Maio Trust dated October 31. 1989.
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 '....irtue 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 easement was recorded "/-/l,.-'1 \ , File No. \'\<;\-(13,'11'10 I ,and affects.
the real property described in said Deed of Trust.
The undersigned Beneficiary of said Deed of Trust declares and ac~~owledges that it
hereby intentionall.y waives,. relinquishes, and subordinat.es t.he priorities and
superiorities of t.he 1ien and charge of said Deed of Trust upon the 1and described
therein in favor of said easement, and that it understands that in reliance upon and
i~consideration of this ~aiver, relinquish=ent, and subordination specific monetary
,~nd other obligations yill be entered into by Third Parties ~hich yould not be made
or entered into but for said reliance and ~he execu~ion by 5eneficiary of this waiver
,
relinquish=ent, and subordi~acion.
~ CF PO.'" Ltd., . C,'i'o"i. 1imit,d p.,t"",hip
by: C.F. Pomerado, a Delaware corporation
Dated: ~ "0"" ff'71 BENEFICIARY:
,
RlWNo. ~
Exc. No.
Project: r
By: . '...-.- - \ .
....-
Samuel A. Craiq, Sr. Vice President
By:
NOTE: ALL SIGNATURES MUST BE ACKNOWLEDGED NOTARIES.
Use proper fonn attached or staple appropriate fonn thereto.
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c: 219 ~ss 1...\~S\'i1 .:i.uJoc~"" ~
:E STATE OF CALIFORNIA ~--Vi ~ ~ l.l1~ El4,
~
. COUNTY OF I
" OlL,__ c:...l;;>sI9 \ , before me, the undersigned, a Notary Public in and for
.
0. S~ A~
'0 said State, personally appearerl =a:r-
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E __ __ __~__.________' personally known to me (.... pill .... +,.... ,,"0 nn tn;:>
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. " b..",;",..A ClaU::;li:1l.;(OfY eVluellv~to be the persons who executed the within instrument a5-
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o . _ ~ ~ ;",e - _PresidenfOg~""
" "- _Secretary, on behalf of_.~---
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c 0 __ C f. Pome....IL.-lo,. :J;u:~-_
1ij(J
0. . the corporation therein named, and acknowledged to me that said
ttI~
.t- corporation executed the within instrument pursuant to its by-
. c laws or a resolution of its board of directors, said corporation being OFFICIAL SEAL
c .
.Q .g . mi". mItTEN RltHARDSOH
- . known to me to be the general partner of___._~__
~ E ___ e...E:...p<'TW~L..hP "---___. :'. ;l~''.~:'':~?:~l~~gc~r
8.'"
"- 1.'_'1 (,~~", ',.pires Auii. 14, 1992
o ~ the limited partnership that executed the within instrument, and
(J- ~..'r_~"'~.'""'~
-"- acknowledged to methat such corporation executed the same as
I
N such partner and that such partnership executed the same.
ro WITNEssc;cak;c~
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ro (This area for official notarial seal)
0
0 Signature
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