Subordination Agreement 1991-0508914
.
~--.- RECORDING REQUESTED l) lwC "1991-050B914 M
" ) 458 02-0CT-1991 08=23 A
CITY OF POWAY )
) OFFICIAL RECORDS
AND WHEN RECORDED MAIL TO:) SAH DIEGO COUHT.Y RECORDER'S OFFICE
) AHHETTE EVAHS, COUHTY RECOROER
CITY CLERK) FEES: 0.00
CITY OF POWAY )
P.O. BOX 789 )
POWA v, CA 92064 )
) This space for Recorder's use
LOAN 11147044-2
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersi9ned, as Beneficiary under a Deed of Trust dated
August 24, 1971, recorded in the Office of the County Recorder of San Die90
County August 3D, 1971, File No. 71-194605, and as owner and holder of the
obligations thereby secured does hereby make subject and subordinate the liens
thereof to the Easements granted by Gladys B. Young 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 ease-
ments, 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 OcA-obe-r ~, I 'j'i I ,File No. ql-D'.)o~ "ll ~
, 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 swperiorities 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: SEP,EMBER 17, 1991 BENEFICIARY: Bank of America National
Trust & Savings Association
R/W No. By: .~f ~-7:/~,if-
Exc. No. /
Project:
MEL SIMNITT- VIC~ PRESIDE~T
~BANKOF'<J . t&. .
-'~-'~
i;;!~ 11J~~ ~:'m By: ~~ /t/~v ~~ (riot )
=,: ~;;;.i~~~~-,;. ~~ .,.1 :. l~ -
!......., ,--'" \l.""":;","-.~'''C''~,~ ~-.... i
.~E ~7; ~~;'A() I
.~ :"'y .:=;>. r BLANCHE HARRISON-ASST. SECRST,'\R'!
"'~INGa ASSOClllTION
(Signatures must be notarized. Notary form
attached. )
.__.__.__". _._____m___"__.~_.~_ ~___________
ASSOCIATION ACKNOWLEDGEMENT 459
st.te of California)
County of Orange ) "1S.
On Suite",""c- I /7, /9 q I . befotOe me. THE UNDERSIGNED . a Notary Public in
and for said State, personally appeared ME, SIJ:UAlI'T"r"ANi\ hIANr,.."F }-/AIUd-.....N
I XXXI Pet"sonally known to me I I Proved to me on the basis of satisfactOt"y evidence to
be the pet"son(s) who executed the within instrument as v"lfF f'.eFI',',)t"'N T ANi! AS>"S'7fI'lT
,~c tZE,/J/(Y' on behalf of Bank of Amet"ica National Trust and Savings Association,
a national banking association. and acknowledged to me that the association executed it.
WITNESS my hand and official seal, ~=-:
{:;7?~,,?.-~ '~~7 M}"~ OcFiC!AlSeAl
~~ Notar~8~~cT~~~rornio .
'~"""~ ORANGE COUNTY
~'~ My Commi,sion Expires
Notary Public in and for Qt"ange '"i!.j"~~\" May 2, 1994
County and State.
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