Subordination Agreement 1989-280871
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THE CHYOF 'POl,AY
89:MA'I&26' 'ff'fii!3:!lO
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I VERA l.l;.yi;;;:i_ \1
LSOUtHY RECGRD~
'REGORDIlIG REQUES1'ED ,BY:
WHEN' RtCbRJ)ED MAIL TO:
THE CITY OF PO<,JAY
P.O. EOX 13~
?O~';A~t, CALI?O?..llIA:
92064
!NO FEE
THIS, SPACE FOR RECORDERS USE
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SUEORDINATION AGREE:1ENT
FOR. VALUE RECtIV,ED, the undeicsigned, as Beneij,ciary under a Deed of Trust dated
March 16. 1989 .' recorded' in the Office of 'the County Recorder of San Diego
Comity March 17,. 19'89 .FiieNo:'8cj~B6340' " and as owner and holder of the
obligations thereby :secu,red d9"'~"he'~;ljy Olake,subject;"and sUbordinatEi, th'e, liens thereof'
to' the; Easernent 'grant~d :by r:N~AI r,j)'rpnrrl fi on, n TjI,l .;,.f.orni n r.orporiltl'on
to THE ,ClTYOF PO\,AY. it bei.ng~ uilder'stood and agreed 'that ,foreclosure of said Deed of
Trust shall not aJfect, ,defea'tor, render invalid any rights under and by .virtue of
'said easemeh!:, and s.:fid 'easement- ~.t~..~Il :be parar:lount arid superior to -the righ~s 9;~
any pU,rchaser under a. for,~e~'q.su-te of said Deed of Trust.
Said' easement "as recorded S:OI'1~R'1
the realpr6per~y described in, said Deed or
. File
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:IO.g 9,-,;;;05,- 4/s
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The und~;~i6ned Beneficiary of ~~~q peed or T=us~ ,aeclares and ackno~ledges that ft
hereby int:cntiorial1y waives,: retinQt1ishes, and subor,dinates the :pri'or-ities and
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superiorities of the lien and charge of said Deed of Trust upon the l'and described
~ner~in in, favor 'of said -easJ~.ine}i't:, and th~lt it underst_a;!9? that' in reliance upon and
~n.:, c,?nsideratioa of _,tJ~_is w,!?-_y?-r" ielinquish::'.ent, and' s~b"or~in<!t;__~Oi1' specifi'c mone'tar-Y;
,anQ\.otner",oblirg.:lti~ons,w-i-ll be erif'ered i:1to' <~y J:hird: 'Parties-, -;;'hich o,.{ould' not be_-~~d'e
,qt, eri~ered' .into "'S~t 'i.o~rsci:i~ -'r,e'li.:l~~e 2.nci~ ::~e e:-:ec'...:.:::.'on--'~:;- 3"en~'fici3r,y or thi~ ;~'~i~~'e-r,)
re,linquish:::ent, ~).1d' s~bordr:1at-:..'on.
Dated:
:=::L=lCI~\.:-:'::: Scr.i'pDs Rank. a Ca li'forni a
State BanKin'
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Proj ect:
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'!;OTE:
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:~dT\SI:::S: USe! proper. for;:} .J.'tt.:J.C ed
or st.lple, ap,propriate
for!:1 t-r~e.rc~to.
,DAVID _ ,CASADY
,..,SENIOR, VICE 'PRESIDENT
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STATE 01';;.,.........,....,......,.",'."......... ,}
CO!l~.ty'C:lf.-.~...... ...........:::;::.~~;~-:::.........." 55
'PlffiTNERSHIP 80ml
On thi s"", ,.....,... .d.y of,.".."..,..,.. .f' ..f""', X. D, ,,19...,.., befoie''''e, ".." ,',;..",...........,.",..... .,.. .,"'" ';;;;:.,........,...,..
.'Noiary'f'Ublic. in"and for lhesaid ,County s~d Slale: reeidingtherein, ~uly cojii;nissioned,.nd,swom, pe~s'o.ti.lly .ppe.red:.....
~.;;.....................~~....~.....;.......~.............~............~.~-h........knoYw1l to 'me, to.be one of the partners of.the;lla~~'i.ship':thal
executed the within instri..H1i~nt; :and"acknowled-ged to me, that, such,partnershi'~ 'ex~+c~ted' the same.
j)nlVirnrss l!JIJrrrof.1 h.ve he"eu;lt;" set'my hand and .mxed';'y omcial se.r the d.y .nd ye.dn this.certific.", tirst
above written.
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.~otary Public ,in and.~orsaid County and, Stale.
GENERAL 80R~f.
STATE,OF" .......,.."".......................",
County -of..... ....... ;~: ;................ ........ ..~.
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On thi... ..,..... ,. .,.., ,.,day.oC".., """,," ,.. ,,-,,.....,..,,\oD,, 19".,.,: befoie 'me,...." .... .... ,.... '.., "... '."'.,, ,....,.,.,.,...............
a Not_My ~ub!ic ,in and.forthe said COl.lflty.iCl~d~St8fe._:residin~ t~e_reii1. duly commissioned aild ~~om. personally appea.red......
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perso~ally kno...m to me to be, ~e :perso!:\......'Nhose name ...subscribed to the within Instrument, and duly
8<:.knowied'r:ed.t.o me that..........he..........~>;ecu'led the same.
ifll ,l!Jllnrssil!JbiI-rOf. I h~v" ~ereunto set'my hand .nd aifixed my official seal e'e day .ndye.r in this certifiei"e;"r.t
above written.
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~Ol..ary,Pubfic iri and for .said County aild'State:
GO RPO R:-\ II ON 'F b R~,l officJ... ~L,
:STA,rEOF.f",~ .:....;c.Ik1<<-d..,','".., ..............,"',' } 55 ...B~R~~,rf.p,~lfF
C,OUnlY'Of',,,,~,:~.r<?,, "', . 'PRINc,PAlOfF'CEIIi
t7 SAN DIEGO 'COUNTY
,.On, thiS..~I.:~,.,.".d.aYOf....~""',...,,A,b, 19,!!!, bef~'e "'e....."...,o...:,~.,....... ..eo"""", ".....","..,
. ~~":.;, !?'p'c;" ct, for. the ,'.id Counlyand'~tale;..iesiding i.'ereinhG,~~,eammissione,d and,swom"cP;rsein.\'y...ppe.red:......,
.,~,(....if!:,..~dL?g-..,.,,,...., .",...........,....."...,..,..:,':.':,:,""own:lo,me to ,be th~P.,.I.!.I.",{,..... Pre "dent
;;~40;i~fi&::~I:::'::'''': :::::'::.."....., ::~::: ;:~:: :;:,:: :::;:::: .'no~' to me to ~'~~.'.','.'," ',..:.,:.... ,..", ..,',.,..~~.~~.'.~:~.~
'he, CO'1'orn.tic~ "'~" executed !,he within Instrument. known to me to ,be ,th. person. who execuled the' wi,hin Inslrument:6n
behalf of'theCorporation there'in nanied~~ ano:ncknowle&gcd t.6'ni~ t-!'Hl.t;:auc.l1'Corporntion executed the some.
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., "-'I n'5S - -"10 .lhave he,eunto ,et ;my hand' and a',' cd my alf.c,al,e.1. the 'd.y .nd ye.r in tni,'certifi'cate [ir.t
3~ve' \lJTilten'.
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:SOYlrY Punl ic iiI.' iiild.(fo.f i~-ji'~;Couniy, ~d:~SIl\[~~
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