Subordination Agreement 1990-561641
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RECORDlllG REQUESTED BY:
.....f'T 'I: ,W 8: II
..~--...;. i v ;01
THE CITY OF POl~AY .
r.X&~Ji~~E{~~4[PtR l
WHEN RECORDED NAIL TO:
THE CITY OF POI-1AY
P.O. BOX'Y8!l
POI-1AY; ~\LIFb&~IA
92064
NO FEE
THIS SPACE FOR RECORDERS USE
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SUBORDINATION AGREEMENT'
FOR VALUE RECEIVED, the und'ersigned, as Beneficiary under a Deed of Trust dated
'Auaust 31. 1987 . recorded in the Office of the County Recorder of San Diego
County Sentember 9. 1987, File No, 87-509286 . and as owner and holder of the
obligations thereby secured does hereby make subject.and subordinate the liens theraof
to the Easement granted by EDWARD K, HARMON and JOYCE J: HARMON, husband an
wife
to THE CITY OF POI~AY, 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 '~. -I G- q 0
the real property described in said Deed
, File No. q G ..siC I it L( ['
of Trust.
. and affects'
The undersigned Beneficiary of said Deed of Trust declares and ac~~o~ledges 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 unde~stands that in reliance upon and
i~ consideration of this waiver, relinquisn:ent, and subordination specific monetary
and other obligations will be entered into by Third Parties ~hich would not be made
or entered into but for said reliance and the execution by 3eneficiary of this waiver
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relinquish:ent. and subordination,
Dated: C:Clr+om~ 11 lQQO
R/U No.
E=:te. ~:o.
Project:
3:::::::ICr:~Y: GREAT WESTERN BANK,
a Federal Savings Bank
3v: /J /' ~ .
. K,,:w:/ /d at.J3/~
Ronald !:S. wl.illngnam.'el 'dent
3y:
::OTE: .\LL SlC::ATURES :,!UST lJE ACK.::O:,'LEDGrD
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:I0T,~~IES: Use proper fo~ attached
or staple appropriate
for", thereto.
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CXlRPCIRAn: ~
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* State of California
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* County of Los Angeles
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Anthony J Golden,
the undersigned Notary Public, personally appeared
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.1 this the 17th day of Senten.. ~r 19 2il-, before me, *
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o personally known to me
~..;,. . OFFICIAL SEAL
i' . ANTOINETTE FABIANI
II}.., , NOTA, RYPUBUC CALIFORNIA
,:1~~, jI( ,. PRINCIPAL OFFICE:!N
"......& LOS ANGELES COUNTY
~,...~:"^.., My CommfsS;on bpir~ Ju_oe 20,1994
/Xl proved to me on the basis of satisfactory evidence to
'Ee the personls) who executed the within instrument as
Asst. Vice President or on behalf of the corporation
therein named, and acknowledged to me that the corporation
executed it. .
WI my hand and official seal.
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* Notary's Signature *
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