Subordination Agreement 2001-0061828
DO.# 2001-0061828
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RECORDING REQUESTED BY )
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FEB 02. 2001 8:06 ~M
OFFICIAL RECORDS
SAN DIEGO 'COUNTy, RECORDER,' S OFFICE
GREGORYJ. SMITH. COUNTY RECORDER
FEES: 0.00 .
CITY OF POWA Y
WHEN RECORDED MAIL TO'
CITY CLERK
CITY OF POWAY
POBOX 789
POWAY CA 92074
No Transfer Tax Due
(This space for Recorder's Use Only)
Subordination Aqreement
(Please fill in document title on this line)
This document is being re-recorded to correct an error shown on Document No 2001-
0017550 recorded January 11, 2001 of official records.
The File Number referenced in Paragraph Three should be 2001-0017548,
THIS PAGEADDED TO PROVIDE ADEQUATE SPACE FOR RECORDING INFORMATION
(Additional recording fee applies)
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RECORD!NG REQUES& BY
DO~ 2001-0017550
JAN 11. 2001 8:43 AM
~2
CITY OF POWAY
AND WHEN RECORDED MAIL TO'
2304
OFFICIAL RECORDS
SAW DIEGO llJrnTV RECORDER'S OFFICE
GREGORY J . SMITH. COUNTY RECORDER
FEES:, 0.00
CITY CLERK
CITY OF POWAY
POBOX 789
POWAY, CA 92074
No transfer tax due
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust dated May 24,
1999, recorded in the Office of the County Recorder of San Diego County June 8, 1999, File No.
1999-0397080 and as owner and ,holder of the obligations thereb'! secured does hereby make
subject and subordinate the liens thereof to the Easementgranted by
PARJ-0NAY DEVELOPMENT, LLC, a Delaware limited liability company
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 easements, and said
easement shall be paramount and superior to the rights of any purchaser under a foreclosure of
said Deed of Trust.
'200 \- 00 I' S" 'H'
Said easement was recorded ')a,"-UQ;'-! 1\ '2..00 l , File NO.'2c6. ec, 1S'1 "',
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 waive, 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 easements, and that it
understands that in reliance upon and in consideration of this waiver, relinquishment, and
subordination specific monetary and uiiler cbligations 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: December 22, 2000
BENEFICIARY CALIFORNIA BANK &
TRUST, a California ba king institution
By'
By'
(Signatures must be notarized. Notary form attached.)
CJ/-LJ()
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CAL,IFORNIAALL-PURP,OSE ,~<.'i~,-~~~~~~_~~l.",_",~-;,_____._",_________O'Eo, ~, ~_;,-__,1::~
State Of~ i ~rn 'i Ll} - OPTIONAL SECTlON-,
. CAPACITY CLAIMED BY SIGNER
County of or! t\ ]) i 'P ijD -inougo ~ doeS'no( ~ the No<aoy 10
fill itlthe ~~a below"dolng so may prove
a () -. i/ invaluable to pe"""" relying on the docume<1t.
onJ~}:.19'10 before me _r )prY'~ y J-./fC L-J' o INDIVIDUAl -
DATE '. NAME, TLEOFOFFICEA-E.G...JAN~OOe;~TARYPUauc-. 0 CORPORATEOFFICER(S)
personally appeared U b !tp\" \T. :=str7lt1Srmn 4:.kr.+hlJ 1Yl, hmlVIr1 ,
~E(SlOFSiG~ 1"
riJpersonally known to me - OR - 0 proved to me, on the basis of satisfactory eVi=)
r to be the person(s) whose name(s) ,
subscribed to the within in,stru~ and ac-
knowledged to me that I}ll~~xecuted
the same in h;s/I)kr~ autho~
capacity(ies), and that by h~/h"'~
signature(s) on the instrument the person(s),
or the entity upon behalf of which the
person(s) acted, executed the instrument.
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WITNESS my hand and official seal.
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OPTIONAL SECTION
TITLE OR TYPE OF DOCUMENT
THIS CERTIFICATE MUST BE ATTACHED TO
THE DOCUMENT DESCRIBED AT RIGHT
NUMBER OF PAGES
DATE OF DOCUMENT
Though the data requested here is not required by law,
tt could pmventlraudulent reattachment of this fooo, SIGNER(S) OTHER THAN NAMED ABOVE
l1llE(S}
O,PARTNER(S) OUMITED
o GENERAL
o ATTORNEY~N'FACT
o TRUSTEE(S)
o GUARDIANICONSERVATOR
o OTHER:
SIGNER IS REPRESENTING:
NAME OF PERSON{S) OR ENTTTY(lES)
.
.
4;1992 NATIONAL NOTARY ASs<?CtATION- 8236 Remmet Ave., P.O. BOle 7184. Canoga Park., CA 91309.71E
CALIFORNIA ALL.PURPOSE ACKNOWLEDGMENT
No. 519,
State of
}
County of
On
before me,
DATE
NAME. TItlE OF OFFICER E.G., .JANE DOE, NOTARY PUBLIC"
personally appeared
NAME(5) OF SIGNER(S)
o personally known to me - OR - 0 proved to me on the basis'of satisfactory evidence
to be the person(s) whose name(s) is/are
subscribed to the within instrument and ac-
knowledged to me thathe/she/they "executed
the same in his/herltheir authorized
capacity(ies), and that by his/herltheir
signature(s) on the instrument theperson(s),
or the entity upon behalf of which the
person(s) acted, executed the instrument.
WITNESS my hand and official seal.
SIGNATURE OF NOTARY
- OPTIONAL SECTION -
CAPACITY CLAIMED BY SIGNER
Though staMe does not require the Notary to
fill in the data-below, doing so may prove
invaluable to persons relying 00 the document
o INDIVIDUAL
o CORPORATE OFFICER(S)
nTl.E(S)
o PARTNER(S) 0 LIMITED
o GENERAL
o ATTORNEY,IN,FACT
o TRUSTEE(S)
o GUARDIAN/CONSERVATOR
o OTHER:
SIGNER IS REPRESENTING:
NAME OF PERSON(S) OR ENTITY(IES)
THIS CERTIFICATE MUST BE ATTACHED TO
THE DOCUMENT DESCRIBED AT RIGHT
OPTIONAL SECTION
TITLE OR TYPE OF DOCUMENT
NUMBER OF PAGES
DATE OF DOCUMENT
ThOugh the data requested here is not required by law,
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