Subordination Agreement 1990-574892
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RECORDING REQUESTED BY:
I,qn ""T 23 lU o. 13
.J....-;.; lJt..i.u li."..j-
THE CITY OF POWAY
WREN RECORDED MAIL TO:
VERA l. LYLE
L~OUNTY RtCORDER ,
THE CITY OF POWAY
P.O. BOX....
POl,AY, CALIFORNIA
92064
f.j'-c FE f
THIS SPACE FOR RECORDERS USE
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED,
july 7,1987
County July 7, 1987
obligations thereby secured
to the Easement granted by
partnership
the undersigned, as Beneficiary under a Deed of Trust dated
, recorded in the Office of the County Recorder of San Diego
, File No. 87-378649 , and as owner and holder of the
does hereby make subject.and subordinate the liens thereof
AMERICAN NEWLAND ASSOCIATES. a California oeneral
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 purchaser under a foreclosure of said Deed of Trust.
Said easement was recorded 11).::l 3-'iD
the real property described in said Deed
, File No. 9o~s1t/-g91
of Trust.
, and affects -
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 onderstands that in reliance upon and
i~ 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:
R/l, No.
Exc. No.
Proj ect:
BENEFICIARY: AMERICAN GENERAL INVESTMENT
CO;U k
By:
';!.l.5>He:tl.. ~~u...
By:
NOTE: ALL SIGNATURES MUST BE ACKNOWLEDGED
NOTARIES: Use proper form attached
or staple appropriate
form thereto.
PBPI!
5647-6 (Parcels 1,2, 3, 4 and 6)