Subordination Agreement 1991-0320657
1393
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Ol--JUL-1991 08=18 AM
RECORDING REQUESTED BY:
rl~iNE:TTE E'JA~S ~ ;,'ECU,;DEF:
0l:~G RECORDE2~~ D~?=C~
rt.b~ ',,:, :y~:
THE CITY OF POWAY
WREN RECORDED MAIL TO:
THE CITY OF POWAY
P.O. BOX ."
POI,AY, CALIFORNIA
92064
THIS SPACE FOR RECORDERS USE
SUBORDINATION AGREEMENT
FOR V~LU~ RECEIVED, the undersigned, as Beneficiary under a Deed or Trust dated
. Apr~l ~1, ],972 , recorded in the Office of the County Recorder of San Diego
County July 3, 1972 , File No. 72-171083 , and as owner and holder of the
obligations thereby secured does hereby make subject.and subordinate the liens thereof
to the Easement granted by Aquino 1. Arrocena and Delay T. Arrocena, Husband and
wife as Joint Tenants.
>
, \
. "
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.
:J \ I l'1'1\ ,,\\-63).-0(.,':;(,..
Said easement was recorded /C'v. '1, I , File No. , 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 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
i~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: March 27, 1991 ~
BENEFICIARY:
~
Standard Federal Sa~ings Bank
R/I< No.
Exc. No.
Project:
By:
~ cz-A-
/
John Adams~ce-president
p~v_)~ .
.:: .........
Sheilah Standifer, Assistant
Secretary
By:
NOTE:
ALL SIGNATURES MUST BE ACKNOWLEDGED
'.
NOTARIES: Use proper form attached
or staple appropriate
form thereto.
1394
STATE OF ~I}\ ]
CXXlNTY OF lOOIXlS!/!MX ]
Frederick
On March 27, 1991 before me, the undersignecl, a Notary Public,
personally appeared J Adams Vice-President and Sheilah Standifer, Assistant
Secretary personally
own to me or prov to me on the bas s of sat 8 actory evi ence) to be the
person(s) Whose name(s) is/are subscll'ibed to the within instrument and
acknowledged to me that IaisIIa1they executlld the same in ~theiJ:'
authorized capacity(ies), and that by ~their signatures(s) on the
instrument the person(s) or the entity upon behalf of which the person(s)
acted, executed the instrument.
WIrNESS my hand and official seal.
Signature
;
,.
Shelley L.
~ Shelley . Hess
My' ~mmission expires March 1, 1993
STATE OF CALIFORNIA ]
COUNTlr OF SAN DIEGO ]
On
personally appeared
before IDe, the undersigned, a Notary Public,
personally
known to me (or proved to me on the basis of satisfactory evidence) to be the
person(s) Wh08e name(s) is/are subsel."ibed to the within instrument and
acknowledged to me that he/she/they executed the same in hiS/her/their
authorized capacity(ies), and that by his/her/their eignatures(s) on the
instrument the person(e) or the entity upon behalf of Which the penon(s)
acted, executed the instrument.
WITNESS my hand and official seal.
Signature
(seal)
1'IHP 12 '31 10:45
5192381776 PHGE.002