Subordination Agreement 1990-398026
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RECORDING REQUESTED r~
CITY OF POWAY
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AND WHEN RECORDED MAIL TO:
CITY CLERK
CITY OF POWAY
P.O. BOX 789
POWAY, CA 92064
9Q ,~ 38826
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1.,/r..:\}~n\~.~i~~~bA I
J.J.L
199fj JUt 23 !1i 2; 17
L5t~'/? hd:lJrftH , NO FEE
This space for Recorder's use
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust dated
October 2, 1979, recorded in the Office of the County Recorder of San Diego
County November 21, 1979, File No. 79-491532, O.R., and as owner and holder of
the obligations thereby secured does hereby make subject and subordinate the
liens thereof to the Easement granted by Darlo Franchi and Marla Franchi, hus-
band and wife, 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 0-;:2.6-: '1D , File No.
'0 -.3I/.;<Jj'i-s- , and affects the real property described in said Deed
of Trust.
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 easement, 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:
a~_1 '3, J99t!J
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R!W No.
Exc. No.
Project:
NOTE: ALL SIGNATURES MUST BE
ACKNOWLEDGED NOTARIES: Use
proper form attached or staple
appropriate form therto.
BENEFICIARY:
John C. Hamiter
Raymond J. Russ
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ATTORNEY-IN-FACT ACKNOWLEDG
State of
County of ~- ~
7'140122
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. Sta"te of GP1f~~'''':'
: County of ~ A~~
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NO. 204
}SS,
On this the / 'f+L day of aLA<..( 19 90
before me, the undersigned Notary pubr,-perSOnally appeared
..::Tdtw (! ,L/;wn;r~ ~ (name of attorney in fact),
o p.efl)....."AIIJ h.llun" te Ale
IIl1lrOved to me on the basis of satisfactory evidence
to be the person whose name is subscribed to the within instrument as attorney
in fact of /?AIfn14"j .:r. ,eu $; 5 ("ame of
person not appearing before Notary), the principal, and acknowledged to me
that ,.J.L (he/she) subscribed the principal's name thereto and
......Lu, (his/her) own name as attorney in fact.
WITN ESS my hand and official seal.
Notar~~?!r'/~
NATIONAL NOTARY ASSOCIATION. 23012 Ventura Blvd. . P.O. Box 4625 . Woodland Hills, CA 91364
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On this the 1:trJ. day of 9---"" ~ 19 ZZL, before ne, *
) ss. *
) AJM.l~ N. )./,u J:,/.f ' *
the undersigned Notary PUblic, personally appeared *
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~hJJ (', jj"h1;+~r- , ...
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o p~3......~.l Auuwu
Lv JU-.;;;;
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~oved to ne on the basis of satisfactory evidence *
to be the person(s) whose narre(s) ~ subscribed'"
to the within instrument, and acknowledged that ~ *
executed it. *
WI'rnESS my hand and official seal. *
Notary~t~/~ :
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