Subordination Agreement 1990-364303
L
RECORDING REQUESTED BY:
CITY OF POWAY
AND WHEN RECORDED MAIL TO:
CITY CLERK
CITY OF POWA Y
P.O. BOX 789
POWAY, CA 92064
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This space for Recorder's use
NO FEE
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as assigned Beneficiary under a Deed of
Trust assignment dated August 18, 1988, recorded in the Office of the County
Recorder of San Diego County May 10, 1989, File No. 89-246768, and as
owner and holder of the obligations thereby secured does hereby make subject
and subordinate the liens thereof to the Easement granted by Argumedo M. and
Maria Lopez Navarro, husband 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
qO-;~'l'-f'1cf
of Trust.
----
recorded _' ~e. d-,;;', 1'1'1 n , File No.
, and affects the real property described in said Deed
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:
R/W No.
Exc. No.
proj ect:
NOTE: ALL SIGNATURES MUST BE
ACKNOWLEDGED NOTARIES: Use
proper form attached or staple
appropriate form therto.
BENEFICIARY:
Dale O. Maurer & Kathy J. Maurer,
Husband & Wife as Joint Tenants
By:(~0i~
By: ~~ ~~11~
GENERAL ACKNOWLEDGMENT
NO. 201
State of
\lI\:F\)~N\1-\
g('(10 ()\esO
}SS,
On this the L day of M^)
(\'\d'\ele- l, I:\J€..\'SDIV
19 '1;'1, before me,
County of
the undersigned Notary Public, personally appeared
OFFICIAL SEAL
MICHELE LEVERSON
NOTARY PUBUC . CAUFQRNIA
SAN DIEGO couNTY
My Comm b.p,re. ;an 24, 1992
\)(\\e. ~J. ,^'-II !\\J(eIL !\Nl'l ~\"'~ J (\{\l\\ftf'{..
[J pJJ'&onally known to me
t'Y'Proved to me on the basis of satisfactory evidence
to be the personlj6 whose name~ 1\ V'",e.. subscribed to the
within instrument, and acknowledged that ~~executed it.
WITNESS my hand and official seal.
~~~. €\)&~
Notary's Signature
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ATTENTION NOTARY: Although the Information requested below IS O~ONAL It could prev:nt fr~ule_nl attachment of thiS certificate ~o another document
THIS CERTIRCATE Title or Type of Document 0'0 f) 0 \<.. (j\lv(\ \,\ \) ,\] f\~ l'Lff uV\eN T -
MUST BE ATTACHED \ S .11 .'S ~
TO THE DOCUMENT Number of Pages Date of Document
DESCRIBED AT RIGHT:
Signer(s) Other Than Named Above
7120122
NAlK)NAL NOTARY ASSOClATlON.8236 Remmel Ave.. P.O. Bo)( 7184. Canoga Park, CA 91Yl4-71P.4