Subordination Agreement 1990-076649
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, ~>,ERA L\:.YLE J
LE2UNT'f RECOROE!..
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RECORDING REQUESTED BY:
THE CITY OF POWAY
WHEN RECORDED HAIL TO,
THE CITY OF POWAY
P.O. BOX '789
NO fEE
PO\-1A.Y, CALIFOiZNIA
92064
THIS SPACE FOR RECORDERS USE
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SUBOF~INATION AGREEMENT
FOR VALUE RECEIVED, the lmd'etsigned, as Benefi\,iary under a Deed of Trust, dated
April; 1989 " recorded in the Office. of the County Recorder of ,San Diego
County April 19. 1989 , .File No. 89-2Q4819 , and as owner and holder of the
,obligations thereby secured does hereby make, subjeCt and subordinate thel:h;~s I~h!,,,-e,of,
to the ,Easement: granted by Norman N, Nowell and Sandra L. Nowell, Husband and ,Wlfe
as joint tenahts
to THE CITY OF 'PO\-1AY, i,t.being understood and agreed that foreclosure of said Deed of
Trust shall not affect, d~feat or render invalid any rights under and by virtue of
said, easement', and said ,easement shall be pararnouflt and superior to the rights of
any, purchaser under a foreclosure of said D'eed o"r'Trust.
- - 'Sai:d ea~ement ~as
,the real property
J ..3/ Ci", 1 QO-Sr-'/4'"
recorded - - /U , Fi e No. _ .::> :2:.'_=
described in s~id Deed of Trust. J
, and affects ~.
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The undersigned Beneficiary of said Deed of Trust declares and acl~owledges that it
hereby ,intent.ionally waives, relinquishes, and subo~d'i.nates the priorities and
superiorities of the lien anei'" 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
it;: con~i~e:r::at:ion. Qf this, waiver" relinquish.~ent, and', subordination .speci;ic .monetary
.a_n~ o;:her obligal:ions 'Will be entered i.n,:o by 'Third '?art:i'es .....rh.i'-chwolil"d not 'b-e ma-de'
or .Ient.e~ed', '-into but for ,said reliance and ihe ,ex~cuti-on by Beneficiary of' 'this wa~ver"
re~inqui~h=ent, and subordination.
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