Subordination Agreement 1990-450025
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1996 AUSI S AM If: 47
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RECORDING REQUESTED BY:
THE CITY ,OF POIlAY ,
,WREN RECORDED MAIL TO:
THE CITY OF POIlAY
P.O. BOX .,.".
POWAY, CALIFORNIA
92064
"
NO f.Et
'.
THIS SPACE FOR RECORDERS USE
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust dated
.' November l8, 1987 ,recorded in the Office of the County Recorder of San Diego
County November 25, 1987 ,Pile No. 87-65~062 , and as owner and holder of the
obligations thereby secured does hereby. make subject'and subordinate the liens thereof
to the J;:asement granted by Charles J. Mayberg aria Joan L. Mayberq, Husband and Wife
as Jomt TenanCS. I
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 1-JiP - 9 zy
the real property described in said Deed of
, File No. 90-3R!3I?R;;i..
Trust.
, and affects'
The undersigned ~eneficiary of said Deed of Trust declares and acknowledges that it
hereby intentiona~ly waives, relinquishes, and subordinates the priorities a~d
superiorities of the lien and charge of said Deed of Trust upon the land described .
therein in favor of said easement, and that it understands that in reliance upon arid
in.consideratipn of this waiver,relinquishment, and sub9rdination specific monetary
and other oblfgations 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:
! BENEFICIARY: eooniywwe Furldi.n:; COrporation,
. fornia ration
By:
Ste
By:
.--~~
Rill No.
Exc. No.
Project:
NOTE: ALL SICNATURES MUST BE ACKNOWLEDCED
'NOTARIES; Use proper form attached
or .t~ple appropriate
form thereto.,
CORPORATE ACKNOWLEDGMENT
1161
NO 202
State of CALIFORNIA
On this the 23J::d day of May
19.9Q., before me,
County of LOS ANGELES
}ss,
Shawn M. Walkey
the undersigned Notary Public, personally appeared
I
Steve Bailey
~ OFFICIAl SEAl.
SHAWN M. W~
Nolary PlbIc.~
LOS ANGELES COUNlY
, My Col.........' EllI*-
December 28. 1993
KJ personally known to me
D proved to me on the basis of satisfactory evidence
to ~e the personJs) who executed the within instrument as
V1ce Pres1dent or on behalf of lhe corporation therein
named, and acknowledged to me that the corporation executed it.
WITNE my hand and official seal,
ATTENTION NOTARY: Although the information requested below is OPTIONAL, it could prevent fraudulent attachment of this
THIS CERTIRCATE
MUST BE ATTACHED
TO THE DOCUMENT
DESCRIBED AT RIGHT:
Title or Type of Document
Number of Pages Date of Document
Signer(s) Other Than Named Above
7100-010
@ NATlONAL NOTARY ASSOCIATION. 8236 Remmetlwe. -P,O. Box 7184-Canoga Park, CA 913)4-7184