Subordination Agreement 1997-0309858
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CITY CLERK
CITY OF POW A Y
P,O, BOX 789
POW A Y, CA 92064
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No transfer tax due
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CITYOFPOWAY )4
AND WHEN RECORDED MAIL TO: ~ \ {
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OFFICIAL RECORDS
SAH DIEGO COUHTY RECORDER'S OFFICE
GREGORY SMITH, COUHTY RECORDER
FEES: 0.00
RECORDING REQUESTED BY:
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(This space for Recorder's Use)
SUBORDINA nON AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust dated
December 17, 1996, recorded in the Office of the County Recorder of San Diego County January
16, 1997, File No, 97-0020008 and as owner and holder of the obligations thereby secured does
hereby make subject and subordinate the liens thereof to the Easements granted by Maire-Huddy
Family Trust dated June 30, 1993, to the CITY OF POW A Y, 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 easements shall be paramount and superior to the rights of
any purchaser under a foreclosure of said Deed of Trust.
Said easement wasrecorded I Jv I 97 , File No. 117/ - 0 s CfU-~
, 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 ofthe 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 other obligations 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, amI subordination,
Dated: {; - ;:&-qrJ
BENEFICIARY: W~ls F~g"ank
BY:_~~
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By:
(Signatures must be notarized, Notary
form attached,)
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ALL PURPOSE ACKNOWLEDGEMENT
STATE OF CALlFORNI9fr; ,~ . '/?
COUNTY OF 111 / 'riM (ItA t
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persona Iy appeared I 'nl()-
oersonally known to me (or pro"od
-tG-me 011 tho basis of satisfoctory e\ idenGe) to be the persontsl whose name(s) is/are subscribed to the within
instrument and acknowledged to me that he/she/they executed the same in hislher/thQir authorized capacity(les),
and that by hislher/tkeir signature!&) on the instrument the person!s) or the entity upon behalf of which the
person("sl acted, executed the instrument,
WITNESS my hand and official seat
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:.l" NOTARY PUBLIC-CAUfORtlIA ~.
I. SAN FRANCISCO COUNrY .:
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(This arBS for official notsrisl sssl)
Signature
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