Subordination Agreement 1990-432801
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RECORDING REQUESTED BY:
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THE CITY OF POl./AY ,
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WHEN RECORDED MAIL TO:
THE CITY OF POWAY
P.O. BOX'78~
POl./AY, CALIFO&.'HA
92064
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NO FEE
THIS SPACE FOR RECORDERS USE
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SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the
April 10, 1990 .
County May 15. 1990
obligations thereby secured
to the Easement granted by
undersigned, as Beneficiary under a Deed of Trust dated
recorded in the Office of the County Recorder of San Diego
, File No. 90-26-5441 , and as owner and holder of the
does hereby make subject an~ sUboFdinate the ~iens thereof
GRIFFITH-MARTIN, a CalIfornIa corporatIon
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 ?-II-YO
the real property described in said Deed
. File No. 90-.E7.:5/1~
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 understands that in reliance upon and
1~ consider3ticn of this waiver, relinquish=ent, 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,
relinquish=ent. and subordination.
Dated: June 22, 1990
R/~-l :.:0.
Exc. ::0.
Project:
::::::ICI:~Y: LA JOLLA SAVERS & MORTGAGE
FUND, a California
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::OTE: ALL SIC::ATURES :'!UST BE ACK;:O:,'LEDCI:O
:/OTA.'UES: U~e proper fom att:lched
or ~tap1e appropriate
fort:! thereto.
(CORPORA nON)
STATE OF CALIFORNIA 1
~OUNTY OF San Diego J 55',1879
On .Tnnp??, 1 qqO before me, the under.
signed, a Notary Public in and for said County and State, personally appeared_
Ryrnn R Wphhj Tr
personally known to me (or proved to me on the basis of satisfactory evidence) 10 be
the president, and
, known to me (or proved to me on the basis of satisfactory evidence)
to be Secretary of the
corporation that executed the within instrument, known 10 me to be the persons who
executed the within instrument, on behalf of the corporation therein named, and
acknowledged 10 me that such corporation executed the within instrument pursuant
to its by-laws or a resolution of its board of directors.
WITNE5J~~a~d an~~ ~
?/ JEAN M. N ETR
W-25B Name (Typed or Printed)
~~~~lIllll<1llllo~iIf ~IIIIY
FOR NOTARY SEAL OR STAMP
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OFFICIAL SEAL
JEAN M NEMETH
NOTARY PUBLIC ~ CALIFORNIA
SNI DIEGO COUNTY
My comm. expires JUN 2, 1992
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(CORPORATION)
STATE OF CALIFORNIA
COUNTY OF San Dieo:o
On .Tnnp 2' r 1 qqO hatore me, the under-
ligned, a Notary Public in and for said County and State, personally appear~
RwTnn R W~hhj TT
} SS,
~~tl1utdllIitlle ~1lnY
FOR NOTAAYSEALORSTAMP
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personally known to me (or proved to me on the basis of satisfactory evidence) to be
the president, and
, known to me (or proved to me on the basis of satisfactory evidence)
to be Secretary of the
corporation that executed the within instrument, known to me to be the persons who
executed the within Instrument, on behalf of the corporation therein named, and
acknowledged to me that such corporation executed the within Instrument pursuant
to its by-laws or a resolution of its board of directors.
.
OFFICIAL SEAL
JEAN M NEMETH
NOTARY PUBLIC - CALIFORNIA
8M DIEGO OOUIHY
Mj ElIIllm, ""lies JUN 2. 1992
WITNESS 2!.y hand and OffiCi~
....- ~
/ JEAN M. ON TH
W-258 Name (Typed or Printed)
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