Subordination Agreement 1990-093690
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RECORDING REQUESTED BY: .. 90 fE.a 2 \ ~\'\\\: \ 0,
THE CITY' OF POWAY VERA ~;.tci..tJh \
\ COtlll1Y Kt. .1 :.::.-;
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WHEN RECORDED HAIL TO:
THE CITY OF POHAY
P.O. BOX vag
POI,AY, CALIFOP~~IA /NO FEE
92064 THIS SPACE FOR RECORDERS USE
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,- SUBORDlliATION AGREmENT
- FOa'VALUE RECEIVED, the undersigned, as Beneficiary unde~ a.Deed of Trust dated
Apr; 1. ]qR9 , recorced in the Office of the County Recorder of San Diego
County Apri 1 19. 1989 File No. 89-204821 and as owner and holder of the
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'obligations thereby secured does hereby make subject and subordinate the lieas t~ereof
to the Easement granted by Norman N. Nowell and Sandra L. Nowell, Husband an Wl e
,~~ jnint tp.n~nts
to THE CITY OF POI,AY, 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 j-!3j- 90 , File No. 90-S.5".lPI::::< , and' affects -
the real property described -in 's~id Deed of Trust. ~
The undersigned Beneficiary of ~aid Deed of Trust declares ~nd ac}~owledges that it
hereby intentionally waives, . relinquishes, ~nd subordinates the priorities and
superiorities of the lien arid' charge of said Deed ,of Trust: upon the land described
therein in f~vor of said e~~ement, and that it understands that in reliance upon and
in consideration of this -waiver:; ~eli!"!qt:.ish..-::.e::!t , and: subo.:'cinai:i.on- speci=ic' monetary
andoth,er oblig:lt:ions will be entered int:o 'by Third Parties which would not be made
or e~tere.d' into but for said reliance -and ~he execution by Benef~ciary of this waive-r\
relinqtiish:ent, and subordination.
Dated: :::::::?ICL'2Y: RIVER BANK AMERICA, a
. ~w York banking corporation
R/!-1 ~:o ~ ,
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Exc. ::0. _:1 ##41J
I P::oject:
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3y:
Donald R. Parrish - .SVP
3y:
1:0TE: ALL SIC::ATURES :'!UST BE :.CK;W;,1.EDCED
:lOTAIU;:;S: U~e proper fo~ :ltt:lched
or staple appropriate
, for", thereto.
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I * State of CalifhrniCL On this the 22tft day of .:::r'-Cl:; 19 ]:L, before me, *
*- ) 55. *
* County of SCu') J)ie:J9 ) SI-1ARoiV'R QAQJ( *
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*:' the undersigned Notary Public, personally appeared *
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* YI5/COfcL GolJ)STFJ N , *
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.*~ ~ personally known to me *
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i *. OFFI(:IAL SEAL *
I !'~l c,I-i!\RON R ClARK ~ proved to me on the basis of satisfactory evidence to *
I * NOT.I1RY PUBLIC M c:.'I..UFGf~I\IA ~ the person(s) lOho executed the within instrument as *
SAIJ DIEGO COUliTY ,i
My CJffim. expires f\PR 23, 199~ \/IQ5-PRfSIDf:NT or on behalf of the corporation *
I * ....~~~---' therein ncured, and acknowledged to me that the corporation *
* executed it. *
! * WI'lliESS my hand and official seal. *
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t * , v1J?fJ f? f){J R (,OM P *
, * Notary's Signature *
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