Subordination Agreement 1990-578278
RECORDING REQUESTED BY'
CITY OF POWAY
AND WHEN RECORDED MAIL TO:
CITY CLERK
CITY OF POWAY
P.O. BOX 789
POWAY, CA 92064
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for Recorde-r'~
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersi9ned, as Beneficiary under a Deed of Trust dated
October 2, 1986, recorded in the Office of the County Recorder of San Diego
County October J, 1986, File No. 86-445117, 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 /0 -<!),,{,-9r/
described in said Deed of Trust.
, Flle Nos.'lo--57.?cJ?P ?7
, and affect the real property
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: t,t- ~ / /99,0
R/W No.
Exc. No.
Project:
BENEFICIARY: FF & E Trust
By:
(Signatures must be notarized. Notary form
attached.)
This Instrument filed for record by TIcor ntle
Insurance Company of California as 8n accommad8llon only. It
has not been examined as to its execution or 8S
to its effect upon the title.
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STATE OF......................................... }
County of........................................... ~s
PARTNERSHIP F"OR~1
On this...... .........day of...............:...,.. .....A. D.. 19.. .... .before me,< ........... .... .... .... ....... ..... ....... ............ .... _.... .0.
s ~otary Public in and for the said County and State. residing therein, duly commissioned and sworn, personally appeared......
.................................................................................... kno"-ll to me to be one of the partners or the partnership that
executed the within instrument. and acknowledged to me that Buch partnership executed the Bame.
3Jn Wirness Wbrrcor. J have hereunto set my hand and aUixed 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'...~~.~.~.f~~~3~""...:............ } ss
County of...,1.0S..alj".cwJ:.w.................
20th September 90 L, V, Praml
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. penonolly .appeared......
.......r;~!':?r.~...'1.,..!'!.<:::!:!;!:~.....................................................................................,.......................................
personally known to me to be the person......whose name....is....................subscribcd to the within Instrument, and duly
acknowledrs:ed to me that..........he..........executed the same.
Jill Wilnr~s Wbmof,I have hereunto set my hand and amxed my offic;.1 se.1 ",e d.y .nd year in this certificat. first
above written.
OFFICIAL SEAL
L. V. PRAML
Nolary Public-Gallfo",la
LOS ANGELES COUNTY
My Comm. Exp. Alo<Il17, 11lll~
...~~.....f2~........,................
~Olary Public in and for said County and Slate.
CORPOR.-\TlO:-I F"OR~,I
STATE OF......................................... }
County of........................................... 55
On thi5....................day of............................. .A.D.. 19....... ~efo:e ~e........... ..................................................
. Notary Public in and lor lh. s.id CO,,"IY and S'.te. resodin. thereID, culy cO"1missioned and swom, person.lly .ppe.red.......
. .......... ...... ............ ............ ......... ..... ................... ......... ........... .knO\loTl to me to be the.......... .......... ......... Pre slden t
and....................................................... ..... .............. ................ known to me to be "'e..... .............. ...........Secrel.ry
of the... .................. ..... ..... ..... ............. ". ... ............... ...... .............. ...... .... ..................... ....... ..... ........... .....,.........
the Corporaticn t."ot executed the within Instrument. kno....-n to me to be the person, .....ho executed the within Instrument. on
behalf of the Corporation therein named, and acknowledged La me that such Corporation executed tho soma.
!ill Wirnrss Wllmaf,l h.ve hereunto set my h""d .nd .frixed my ornc;.1 se.1 the d.y .ud ye.r in this c.rtilic.te (irs,
above wrilten.
..................................................................................
Solnry Puhlic in Md for SOld County Md Slnte.