Subordination Agreement 1991-0347700
or .
RECORDING REQUESTED ) DC' n: 1991-0347700
2189 ) 16-JUL-1991 08:14 AM
Clty of Poway )
) SAH DIEGO COUHTY RECORDER'S OFFICE
WHEN RECORDED MAIL TO: ) ANNETTE EVANS, COUHTY RECORDER
) FEES: 0.00
CHy of poway )
P. O. Box 789 )
Poway, CA 92064 )
) This space for Recorders Use
SUBORDINATION AGREEMENT
FOR VALUE REC~D, the undersigned, as Beneficiary under a Deed of Trust
dated g -/7 - , recorded in the Office of the County Recorder of San
Diego County , File No.~, and as owner and
holder of the obligations thereby secured does hereby make subject and subor-
dinate the liens thereof to the Easement granted by
Gary M. Schultz & Winifred Schultz
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 easement, and said easement shall be paramount and superior to
the rights of any purchaseer under a foreclosure of said Deed of Trust.
~11 /'i'iI-03.t7&'1'7
Said easement was recorded , F 11 e No. ;td:::1F-. . and
affects 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 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 it understands that in
reliance upon and in consideration of this waiver, relinquishment, and subor-
dination 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, relinqui hment, and subo ination.
Dated: 7-5"-CJI BENEFICIARY:
R/W No.
Exc. No.
Project:
By:
By:
-
NOTE: ALL SIGNATURES MUST BE ACKNOWLEDGED.
NOTARIES: Use proper form attached or
staple appropriate form thereto.
SUB
.
,
-'-~---- --.------.---
San Diego lfust Go Savil IgSBank ~ :!190
NOTARY ACKNOWLEDGEMENT
INDIVIDUAL
STATE OF CALIFORNIA I SS,
COUNTY OF SAN DIEGO
On this ~ day of Tll1y in the year 1991 before me, the undersigned, a Notary Public in and for said County
and State, personally appeared .IncH th Ann Armstrori~. Only
personally known to me (or proved to me on the basis of satisfactory evidence) to
be the person(s) whose name!id" is/aPE!' subscribed to this instrument, and ac-
knowledge that he (she/they) executed the same,
@ ~~~.
IE YOLANDA STIER
. .; NOTARY PUBl.IC.eAl.FORNIA
, I PRINCIPAl. OFFICE IN
~
~ Witness my hand and OffiCi~ SAN DIEGO COUNTY
g; ., llv~e.IIAY2O,'1Ill4
~
'J, r~ -,~~ (fornotary&ealorst.arnp]
"
~--_.- .------
---~---_._-----,.._--~.._..