Subordination Agreement 2001-0017551
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DOC., 2001-0061827
_&RECORDED
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, 2001,0061827
RECORDING REQUESTED BY )
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WHEN RECORDED MAIL TO' )
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FEB
2300
CITY OF POWAY
CITY CLERK
CITY OF POWAY
POBOX 789
POWAY CA 92074
02.
2001 8:05
AM
IfFIGlAL RECORDS
SAH DIEGO COUNTY RECORDER:S OFFICE
GREGORV J. 'SMITH, toUHTY RECORDER
FEES: 0.00
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 Docunlent No. 2001-
001'7551 recorded January'11, 2001 of official records.
The File Number referenced in Paragraph Three should be 2001-0017548.
THIS.PAGE ADDED TO PROVIDE ADEQUATE SPACE FOR RECORDING INFORMATION
(Additional recorOingfee applies)
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RECORDING REQUESa BY
CITY OF POWAY
DOC., 2001-0017551
JAN ~~, 200~ 8:4.:. AM
2301
AND 'WHEN RECORDED MAIL TO'
1~
OFFICIAl RECORDS
SAN DIEGOmmV RECORDER'S OFFICE
GREGORY J. SiiITH, COUNlV REamR
illS: 0.00
CITY CLERK
CrIT'OF POWAY
P 0 B.oX 789
POWAY, CA 92074
No transfer tax due
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary u[lder a Deed of Trust dated May 30,
2000,recorded in the Office of the County Recorder of San Diego County June 7, 2000, File No.
2000"0298557 and ali owner and holder of ihe obligations thereby secured does hereby make
subject and subordinate the liens thereof to the Easement granted by
pARKWAY CENTRE'FOUR INVESTORS, LLC, a Delaware limited liability company
to the CITY OF POWA Y, it being understood and agreed that' foreclosure of said [)eed of Trust
shall not affect, defeat or render invalid any rights under aild byvirtue 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.
.:2[01- Db 17 6W&"
Said eas~mentwas recorded JC.~.."I \\, 'LOD\ ,File No. 2.C;.()l CUI I:',~O
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, arid subordinates the priorities and superiorities oUhe 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
suborpination specific monetary andotl1ar ohligations wi!! 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' CALI
TRUST, a Californi
By'
Walter J. Strangman
BY$dy yt;i~~
< ,.
Kathy M. Galvin
(Signatures must be notarized. Notary form attached.)
0,-cI1
,.'
CALIFORNIA ALL~P~JRPOSE
.NOWLEDGMENT
State of
}
2301
County of 50 VI 1) i f:' el\
On i~ . '],9, CD before me" t)pAI' V' Li P" [;1 kef
DATE NAME, TItle OF OFFICER; E.G., "JANE DOE, NOTARY PUBUC"
personally appearedD )() /hi' ,T 'Stvo I1q rrlfl t1 d kfl'/..h Ii m 6(/ Iv r~')
. ~(SIOFSftN~ {
9tlfersonallY known to me - OR ,0 proved to me (In the basis of satisfactory evidence
to be the person(s) whose name(s) ~
subscribed to the wittiin instrument and ac-
knowledged to me.tha'.t\€~~xecuted
the same in h,iS/I}.El~ authOrIZed
capacity(ies), and that by hj!;/~r~
signatule(s) on the instrument,the person(s),
or the entity upon behalf of which the
a""', BE~RY P FlECK. person(s) acted, executed the instrument.
t;,;;'J CommlS5ion# 1196216
~~j;f~.";;~ Notary PUb"'i~.. Ca"'.amic, ~ WITNESS ~ d d ff' . "I' I
A ~ SC;'l Dre~o County - , , my . Ian an 0 ICla, sea.
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~REOFNOTAH'(
OPTIONAL SECTION
TITLE OR TYPE OF DOCUMENT
THIS CERTIFICATE MUST BE ATTACHEO TO
THE DOCUMENT DESCRIBED AT RIGHT
NUMBER OF PAGES
OATE OF DOCUMENT
Though the data'requested here is not required by law,
~ could p<event frauduleo1 reattachment 01 this 10"", SiGNER(S),OTHER THAN NAMEO ABOVE
No:51!.-
-OPTIONAL-SECTION __
CAPACITYCtAlMED BY'SIGNER
~~doesnot~,Itwi,~:ta
fiI!,ln,1he,~b:t,below. doing 6o,may'p"rove
inval~ ~ persons relying on the doctineni
o INOIVIOUAl
o CORPORATE OFFICER(S).
TT11.E(S)
D,PARTNER(S) 0 UMITED
o GENERAL
o ATTORNEY-IN-FACT
o TRUSTEE(S)
o GUAROIANICONSERVATOR
o OTHER:
SIGNER IS REPRESENTING:
NAME OF PERSON(SI OR EN11TY(tES)
.
.
@1992NATIONALNOTARY ASsOciATION. 8236 Remmet Ave., P.O. Box71B4- Canoga Park,- CA 91309-71E
CALIFORNIA ALL,PURPOSE ACKN01NL:EDGMENT
~O.519
State of
}
County of
On
before me,
DATE
NAME,.TITlE OF OFFICER E.G., "JANE DOE, NOTARY PUBLIC"
personally appeared
NAME(S) OF SIGNER(S)
Dpersonally 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-
knowiedged to me that he/she/they executed
the same i~ his/her/their authorized
capacity(ies), and that by his/her/their
signature(s) on the instrumEmfthe person(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 statute does not require,the Notary to
fill in the data below, doing so may prove
invaluable to persons relying on the documenl
o INOIVIDUAL
D CORPORATE OFFiCER(S)
TlTLE(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 Ef'fIllY(IES)
THiS CERTIFICATE. MUST BE ATTAC'HED TO
THE OOCUMENT DESCRIBEO AT RIGHT
OPTIONAL SECTION
" fLE OR TYPE OF OOCUMENT
NUMBER OF PAGES
DATE Of' DOCUMENT
:Thougtl,the da~ requested here is nol r<KIuired by 13w,
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