Subordination Agreement 2000-0084439
r1
~
elJH
J1f/
'"
.;;r...
DOC . 2000-0084439
,
RECGBDING REQUESTE'BY
CITY OF'POWAY
ANb WHENRECGRDED MAil TO'
2128
FEB 18, 2000 8:51
OFFICIAL,RECORDS
SAN DIEGO COUNTV'REaiRDER'S OFFICE
GREGORV J. SMITH, COUNTY RECORDER
-lmlli~111111~ IIr
2000-0084439
AM
CITY CLERK
CITY OF POWAY
PO BOX 789
POWAY, CA 92074
No transfer tax due
(This space for Recorder's Use)
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the LJndersigned, as Beneficiary under a Deed of Trust dated September
16, 1998, recorded in the Office of the County Recorder of San Diego County September25, 1998,
File No. 1998-0614838 and as. owner and holder of the obligations thereby secured does hereby
make subject and subordinate the liens thereof to the Easement granted:by
SPOONERS MANAGEMENT, llC, a California limited liability company
to the CITY OF POWA Y, it being understood and agreed thaHoreclosureof said Deed of Trust
shall not affect, defeat or render invalid,any rights under and by virtue,6fsaid easements, and,said
easements shall be paramount and superior to the rights of any purchaser under a foreclosure.of
said Deed of Trust.
Said easements was recordedre' '(,<1-
and affects the real property described in
2.000- 00'<'\ Lj 1.13f1
The undersigned Beneficiary of said Deed of Trust declares arid 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 other obligations will be entered into by Third Parties which
would not be made or entered into buffor said reliance and the execution by Beneficiary of this
waiver, relinquishment, and subordination,
Dated,
III ~Q. "1-'10
,
BENEFICIARY
UNION'BANK OF CALIFORNIA, NA
By' !/b.fUC ?rJ17~
JI I 0
BY~ ctj,,~
(Signatures must be notarized, Notary form attached,)
WITNESS my hand and official seal.
V\:J~~
OPTIONAL SECTlQtl I ,
TITLE OR TYPE OF OOCUMENT :::>u\oFlrG.1 ArlTI:t)r,
NUMBER OF PAGES O\'"l€- DATEOFOOCUMENT
~-
C(l:UFQRNIA, ALL-PURPOSE ACIlNOiivI.;ED(iMEN~
" State 'Of
}
2129
.
h
Qountyof So V\v"~D
On~ before me, ':\)Qb--o.. Lo\" \; ~ V\D+6 r~
.DATE . NAME. TITlE Of OFFICE - E.G~ .JAN€ DOE; NO RY PV8UC"
personally appeared~V\ V\ ct. \'Y\ Of'.,9(] h 0 r'l(\ K r- i.,>-h~d'Q..r5ffi"1
NAME(S) OF SIGNER(S)
"Kif personally known~o me - OR - 0 proved to me on the basis of satisfactory evidence
'1" to be the person(s) whose name(s) is/are
subscribed to the within instrument and ac-
knowledged to me that he/she/they executed
the same in his/her/their authorized
capacity(ies), and that by his/her/their
signature(s) on the instrument the person(s),
or the entity upon behalf of which the
person(s) acted, executed the instrument.
I .' __' " DEBRA LOLLI I
~ " , ", COMM, #1104517 (')
l;l '~'" -, ., NOTARY PUBLIC-CALIFORNIA (/I
CJ -'-- '.. SAN DIEGO COUN'lY (')
B ~,~ My Commission Expires ~
II JULY 23,2000 I
Tl-iISCERTIFICATE MUST BE,ATTACHED TO
THE DOCUMENT DESCRIBED AT RIGHT
Though the data requested here is not required by taw,
it could prevent fraudulent reattachment of this form. SIGNER(S) OTHER THAN NAMED ABOVE
Y\ON~ '
.
- OPTIONAL SECTION _
CAPACITX CLAIMED BY SIGNEr
Though...... does no< require the Noeuy
fill In the data below doing so m .. \C
k1vakJab'e to persons ~ 00 the ~
o INDIVIDUAL
W C<?RPORATE OFf~ER(~,) ),_
'!If./' ~("...St6h~
Tm.E(S)
o PARTNER(S) 0 UMITED
o GENERAL
o ATTO~~EY-IN.FACT
o TRUSTEE(S)
o GUARDIAN/CONSERVATOR
o OTHER:
SIGNER IS REPRESENTING,
~~~N~FlESI
-, ll' i'f/"ltCL
Acr .e-em8 1\"\
1.n-J"C1-CA
@1992 NATIONAL NOTARY ASSOCIATION. 8236 Remmel Ave.,P.O. Box 7184. Canoga Park..CA 91:
,
~ALlFORNIA ALL.PURPOSEACKNOWLEDGMENT '
~">~~-S-:<-_<.....'-......~..:<..:<:-...c....---._~~~....~.:-.-.._<-.<..-..<-.._-..-.,>...,.S~':"'_<"_~-'~'?-"~----":>-"-'~ ~_<-",>_-':~.."<-"-'-"-"-"-'_-"S-s.-S::;,>,?-,">.~,:~..<-...-<;..':"""-~-..S~_<"-_<""'''''''''<-''''''
State of
}
County of
On
before me,
NAME. TIn.E OF OFFiCER E,G.. 'JANE DOE. NOTARY PUBLIC-
DATE
personally appeared
NAME(51 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 that he/she/they execuled
the same in his/her/their authorized
capacity(ies), and that ,by his/her/lheir
signature(s) on the instrument the person(s),
or the entity upon behalf of which Ihe
person(s) acted, executed the instrument.
WITNESS my hand and official seal.
SIGU/llUHf, or ~.OTARY
_ OPTIONAL SECTlON'_
CAPACITY CLAIMED BY SIGNE'
Though statvte dOes nol require' the Notary I
fill in the data below, doing so may prov
invaluable 10 persons relying on lhe document
o INDIVIDUAL"--
o CORPORATE OFFICER(S)
TITlE(5}
o PARTNER(S) 0 LIMITED
o GENERAL
o ATTORNEY,IN,FACT
o TRUETEE(S)
o GUARDIANICONSERV/,TOR
o OTHER,
SIGNER IS REPRESENTING
tlAME or: PERsor,(S) OR Et.nI1Y(I[~;l
--
OPTIONAL SECTION
THIS CERTIFICATE MUST BE ATTt\CHEO TO TITLE OR TYPE OF DOCUf.AENT
THE O<.J(':lJr.~UJl OF SI..HI\~n) fd 1111;\ Il
~__ _ rJUt/,[,,[J-l' If' I ,.,;r:
r'J/'lE \)f. C1C" l JI.~!- ~! I
Th(.JlY.i'!to<' ();,t;' ,."ju,,'.!.-d I";,,:,, ",,I I':<)')I!,..j t-'"r I;,...
~ cnoM p"PY'~"1 Ir;I'....lu1pfll "",[1010,"''''''1 01 It,,:, 1<,,'"
~;I(~;1JlH(SIU111! I ]1l!,UI!M.',LU/\[~()"l__ -