Subordination Agreement 1990-064687
CITY CLERK,
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RECORDING REQUESTED BY:
CITY OF'POWAY
AND 'WHEN R'ECORDED MAl L Hi:
1.4:61
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VERA L. lYLE,_ i
l COUNTY RfCORDED
CITY OFPOWf\Y ) -- RF4,OO
'P.O. BOX 789 ) AR 2.00
POWAY, CA 92064 ) \'
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SUBORDINATION AGREEMENT
FOR VALUE RECEIVED" the undersjgned',as Beneficiary under a Deed of Trust dated
December 21, 'i98~, reforded in the Office of ,the CountY Recorder of Sa,n Diego
County December ,30, 1988, Document No. 88~674873 and ,a's owner and holder Of the
oblig'ations thereby sec'uhld'does hereby make subJect ana subordinate the 1 iens
thereof to the Easementgtanted by McMil1 in Cormiunities, Inc., a Gal ifomia
Corporation to thec'(TY OF"RfJWAY" it being undersloodand agreed that forec1o-
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sur,e of said Deed of Trust shall not affect, defeator render invali'd any
rights under and by Vir.tue,of ,said easement" and saideasel11ent shall be,para~
mount and superior to the r,i.ghts of any 'purchaser under a foreclosure of said
Deed ,of Trust.
,Sa i d, 'easement was recorded,
3h-Ot,4to$?f=. ' and affects t
of Trust.
, Fi Ie No,.
property described in said 'Deed
The,uMersigned Bl)neficiary, of said D,eedoJ Trus~ declare,S and acknoli/ledges ,
that it hereby i ntenti onall:y wai ves, re li nqu,i'shes, and subordinates the priori-
ties and superiorities of th'e 1 ren and char,ge of 'sa:fd, Deed of Trust upori the
land ,described therein in favor ,of said easement, and that it un",derslands that
in reI ian~eupon and 'in consideration Of thj~waj'\ler, relinquishment; and
subordina ti on spec,i fic moneta~,y(and other obli gat ions. w,i 11 be entered into by
Th i rd Parties wh'i ch woul d not. be made or ,ent'el'ed into but for sai d re Hance and
the execution by Beriefic'iary of this waiver" relinquishment, and subordination.
Dated:
BENEFICIARY:
R/W No.
Exc. 'No.
proj ect,:
Great American First Savings Bank,
A Gal ifornia Corporation
By:
By:
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NOTf: ALL SIGNATURES MUST BE
ACKNOWLEDGED NOTARIES: Use
proper fOrln aUached or staple
appropriate form therto.
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ST A TE,OF '''''''' '. ......" '.. '.,., ... '.'c", '.... }
County o(........;..........................-;...~.... '55
PARTNERSHIP FORM
On thi s............... day 0(.......................... .A. D.. .19... '_" ~be(ore "me,....................................... ~:. ~:.'" ;..... h............ ~
. Notary'Public in and for the said Courityarid,Slate,re.iding therein, duly commIssioned and :swom'ip,irsonally 'a~~eared..".."
......;...........................~...................:........~.........................,kno~_;,_~',me :to be~ one ofthEi ,partners or:.ih.e p~i1i1ership ihatt
executed the within instrument. and aCkriowledged to me that,'such pa~riel'ship executed the Same.
1111 WitnfsS W~mof, t have hereuntO sel my 'hand and affixed my ,official seal the day and year in this certificate lirst
sbove Written.
............. ............ ~......... ...... .........~........................ ........
~ot8rY-public'in and for said County and State.
GENERAL FORM
STATE OF ....,................,.................. }
Count.y'o(................ .... ...... ....... .....:::~~~:~ :'s~
on .this............ .... ....day 0(... ......... ..... .............A.D.. '1,9........ before me,. ...._~,.-~...~ ;..-..... ....... .._;..;' ~"3.: ...:..............;.....~.
~.N.otary,Public'iiuiild for thesaidlCou~ty and State, ,esidin.'therein. duly eommissionedand sworn. personally appeared...,..
............. ........ ....................... .~. ......... ............:...... .......... ..... ;-~"-'~.". ....... ...........:.. ........ .......
...........................
pe",onallykno,,", to me 10 be the. pe-'so~.',',,,,,hose name ......, ........c,.subscribed to the with.. Instrument; and duly
'acknowl'l!oge-d. la, me that. ........ .~~~......... execuled~:l~e: same.
JJII,W,'rnrss lJ),~rrrof; I have hereunto ,set my hand and :ii,i..d m'y oifieial se.1 "'e'day and jear in this certiiicate Ilrst,
above written.
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NotarY. PUbl!!: in and -for Siud,:Co~~ty.:.and State.
STATE OF.....~,<!-,U:t9!~DA-!L........,..... }
County of....~..I:l.:iago..................... :IS
CORPOR.-\TIO~ FOR!,l
, . , .. ,,31st- "', ,January" ,', 9Q" 'Nan,.." Collins
Onth,..,,:,.............,.d.y of.....'..."".....__''''..''. ,..\,0,. 19....." oefo'e ",e....."...,,,..,,, """.,;"J..." """....,,,,,,,,,,..__,,,..,,
.NOI~ Public in,and'ifo".th'-"O'd County ''';'d 5".le, res,din.lh;rein. duly'co",m,ssooned'.nd sworn, person.lly,oppe..ed"."..
""":P.~OOU\'Ll\"...J;,.9~'i'__..,,,.....,...,,.,,..,.......,,.....,,...,,__..,,c......c...known 10 m. to be the.__..:!A-~....c........... President,
and.....",~.t!i..~"..,.""...........,..................."...,..__",....h.. knoWn 10 me toho th.l.0,-?,t"y.t~..P.r.~?:i.!cMM
or, the... M1;J;>.<>.t .~+;;i,>;i'lJ.1, .f.4:-?t ..!?<:'.':.+!:,$.1! :,~!:... '..."...,..,..,..,.,..".,........, __,..."..,.,........."..,.".,..,....,....,...,.."
'lh. COrpomlion tJial~..eu"'d Ihe: within inslrumenl, ,known 'to me, to be the pe..on. ,who execuled the Wilh,n In.trument. on
,beh.lr or the Corpora'ion the,ein nam',d. oild .cknow'ledged ,to me th.l .uch Corp~,rilion execule.! tha ,.ame,
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II Ulllnrss Ilneor, I hove hereunlos,el "'y hand ond ai'lixed my olficial se.1 the day and ye.r in lhis certil,ente li"l'
llbove wii tten.
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_ OFFICIAL i SEAl
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I, '~o(nry PuhllC In f'_nfl fnr '1,,;,1 r~"..d" ;"H_<::'''I..
~y;Comm. Exp,'Sep. 14.1992