Subordination Agreement 1990-578280
CITY CLERK
CITY OF POWAY
P. O. BOX 7B9
POW" y, CA 92074-0789
1/78/:>)-31
~ 1744
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RECORDING REQUESTED BY:
CITY OF POWAY
AND WHEN RECORDED MAIL TO:
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S\I8ORDtNATlON AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust dated
July 3, 19B9, recorded in the Office of the County Recorder of San Diego
County July 13, 1989, File No. 89-368181, and as owner and holder of the
obligations thereby secured does hereby make subject and subordinate the liens
thereof to the Easements granted by Berman Investment Group, Inc., 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 easements were recorded ~ -;:2~- 90 , File Nos. 90 --:!i?gd-'l1L'- ?l
, 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 reliante 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: October 9, 1990
BENEFICIARY: Imperial Bank,
A California Corporation
R/W No.
Exc. No.
Project:
oanne Tabor, Serior Vice President
B~",,>u...xc-< C. ~e-L
Lawrence C. Mazzei, As' t Vice President
(Signatures must be notarized. Notary form
attached. )
This Instrument filed for record by Ticor Title
Insurance Cllmpany of California as an accommodation only. It
has not been examined as to its execution or as
to its effect upon the title.
Attached
Imperial
1745
to Subordination Agreement dated ~0-9-90 signed by
Bank for Berman Investment Group
'.
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STATE OF. ...... ... ........................ .......
County of... _,.. ..,..... ...............,.. ..........
} s.
PARTNERSHIP FOR~I
On this........ _.. ....day of.... ................ ..,... .A. D.. 19..... .,before me,.. .... ............... ..... ....... ... ......... ....... ...., .., .......
a Notary Public in and for the said County and State, residing therein. duly commissioned and sworn, personally appeared......
............................................n...................................... kno....n 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.
In llJitnrss Wbrrrof, 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 Md State.
GENERAL F"OR~1
STATE OF.........................................
County of..... ... ........ .......... .............. ...
} s.
On this....................day of..............................A.O.. 19....... before me.............................................................
a Notar;y Public in and for the said County end State. residing therein. duly commissioned and sworn. personally 'appeared......
......................................................................................................................................................................
personally known to me to be the person......whose name ............................subscribcd to the within [nstrurnent. and duly
acknowledlled to me that..........he..........executed the same.
lfl1 Witnrs~ W~rrrOr.1 have hereunto set my hand and nifixed my official seel the day and year in this certificate first
above written.
..................................................................................
Notary Public in and for said County and State.
CORPORATION FOR~.1
STATE Ol'....~~~~f~,;~~~................
County 0(. ........... ..... ...;l.......................
}..
. 9th October 90 Gay Zwolinski .
On this................... .day 0(................................\..0.. 19....... before :':1e,.. ......... ..... ..... ................. .......................
a Notary Public :n o.nd for the said Cocmy and State. residin~ therein. culy ca~missioned and sworn, personally appeared.......
Joanne Tabor . Senior Vice .
..... '" ......... ................... ............... ..... ....... ................... ....... ..... ..Mown to me t<> be 'he... ....... .......:... "'PfEl's'r8<'1fl't'
and.........~~~;-.~.r:.<:=.~..~.....~~~<<::~............................................... kno....T1 to me to be Lhe...A~~~.....v:.J..<;:.~........~WXllt"
otilie Imperial Bank
...............................................................................................................................................................
the Corporaticn t.'1nt executed the within InslnJment. known to me to be Lhe persons who executed the within Instrument, on
behalr o( the Corporation therein named. and acknowledged to me that such Corporation executed tho some.
1:n 'Witness illlJrrcor, I have hereunto set my h:1Ild and affixed my o((jcial seal the day and year in this certificate fir9t
above written
OFFICIAL SEAL
GAY ZWOLINSKI ~J::U
NOTARY PUBLtC . CALIFORNIA
PRINCIPAL OFFICE IN
SAN DIEGO COUNTY ..........~. :o..;n.~y...p..~~;...;n . .. ro', S:l~.~~.~~.:y..~~..;;:.:~:..........
My Commission Exp. Feb. 19, 1994