Subordination Agreement 1989-280870
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:t :OF-FtCfAl.:::RECORD:S I
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THE: 'CI:TYOE PO:<'\Y
'agHAY:~6f,i~!13:;fio
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, VE:RAtL.IlYE,'
,1,f;OUNTY'HE~,25pElh,';
RECORDH1G'REQUESTED ilY:,
wHt;jRECORDED~!AIL TO:
TilE CITY OF POHAY
P .0 . BOX 18 ~
'PO:IAY, CALI?O?JHA
,9206'4
THIS SPACE ?OR . RECORDERS USE NO FEE
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'SUEO!illI:V..TImr AGREE:1.ENT'
FOR! VALUE R;j::f.EIVED; the
Ma rchl6" 1989
toynty Marth 11.1989
obi'j!gationsther.~b.y ,:~~~cllred
to ,the Ease~en~ ~ranted'by
und'ersigned, as Eeneficial'Y under a Deed of Trust dated
. .. .', ---. "', . .
record'ed ill the Offi:c:.eOf the County Recorder 'of San Drego
. Fi'l:'e, No. 89-136339 , an,d as ,owner ,and ,holder of the
dOes hereby wake subj ect and 'subordinate ,the liens: thereof
P~~AI 0nrpnrrl +- ;,nn", - _t=l r;Ad';-f'hrnirf C'orporati on .
to THE' CITy' OF PO\~AY, it being, .understood ;md agreed' that foreclosur"e of said D~e,d of
,Trust shall. not affect, defeat or render in...alid. any ,'dghtsunder and by virtue' 'of,
sai'd ~asemeht, and said' ,e~s~~~n~t_, $hall 'be parar:Iount .anS! sup~rior to the rights of
a.oy purchaser under a f~fre~-}osur,e oisaid Deed qf T;ust.
Said easement "as recorded 5.../'1",g9
.tne real properLY desc.ribed in s,aid Deed
, File ;10'. ';(9... jJ(cs 4/5- , and affects,'
or i::--..:st..
The ~>>dersi6ned, Bene~lc~~ry 9f said Deed or =~ust d~~l~Fes and ac~~o~ledges that i~
he!=;e'by intentionally ,,!a~ye.s;, Eelinquis~es, ~nd 'subo:rd~nates the priorities and
sup~rior.i-ties of t4e '.ii~_n' an-~- charge of said Deed,; '.o'~ -Trust upon the 'land described,
therein inf3vor of .said easement:, arid that it und;~r~.tands ,that in relia~c.e upon and
iq:./consider.:lt~q.;'1. o( ,thi's: ,waiver" ;relinql;i.s}L~~e_;:1~,,:i ftild' subordi'n<!tion sp~ci~;i"c. mone-tary
~ana ~oi:her; :qbTig:iti-o";is .:.:ti'l'l b~ entered i:1.tp' ':,:'Y' I~.ird, Parties '..;hich' woul(i: not ,be made'
or~ent:ered i~to tJut :or said re'ria~t:e '2.no ::~e e::-:ec-.i:::::on Sy 3enei.L:..i:ary 0_[ this waiver:-,
'relinqui'sh.:::en;', and sucord.i;Iat:::..on'.
Da'tcd::
:=,;;':::iC:,2'~. Scri pDS Bank. a Ca 1 i forn'ia
State Bank1nq C6rporation
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~., CASADY
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~:Or.\_TtI:S: T..!sc proper fOQ itt:.::Iched
or st~pl" appropriate
for:l there'to".
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STATE OF .................., .................
County of... _. ............. _..."..;...,.. .......,..
} ss
PARTNERSHIP'F'OR~l
On th.i s. ;...;..... ....day of.... .......~ ....;e~.;.. '..... .A. D.. 19.. ......be~f~re',mt'?;. .;;. '" ...... ........ ............... ~;'..... ... ......... ..........
a Not..il.r,yPublic in and for the-said Ci:nintVand State. residing therein, duly c1;lmmissioned and sworn, personallY~8ppeared......
.........................................................-............................. kno'oYTl. to me\to be.one of the partners of the partO.ership that
executed the within instrument, 'and aCknowiedged to me that such partnership executed :the same.
]IIWirnrss ,WIJirrof.'" have 'hereunto set my hand and affixed my official seal the day and year in this certifica'" I,cst
"above written.
, "
.................................................................................
:-totary Public in and for"said County and State~
GENERAL FOR~l
STATE.OF ......,......",...................."..
Co.~n fy 'of....................................:......
'} s.
On this...... ..... ........ ..day ,of. ..,',". '_' .;',;..,......,....... ..A.D.. 19.....", before ,me,..... '" ....... ..._.......... ....... '" ........~ ......... ....,
a Notary Public in and {or th~ said County,and State. residin(; therein. duly com~i9sioned 'and sworn, personalIy..appeared......
............................................................................................ ................................ .........................h........
pe,;,onally knov.n lo me lo be the pecson........hose neme .subsc,ibcd to lhe within Instrument. and duly
acknowledged to me that. ......he.......,....executed the same.
illI W,rntss,Wbtrrof. I have here,nto 'sel my hand and offi'xed my offici'al, seal the doy and Ycar in this certificate Iirat
above written.
...............................................................................
i-iotary Publ~c in and for said County and State.
CORPORA TIO:-I FOR~.I OFFICI'" SEAl
.111. 12 '_. BRIDGET C, CUNDIFF
'~~;n~~ O~~~~,i(!i&............-..... .} S!! ~ot~~N~:Al~Cof~~FI~~NJA
(/ SAN 01000 COUNTY
17 A~ .".o)~", MJ~lIUp.~I!.It1)
, On th....;;!/kl.. ,day Of...":::'-r,K1~.fl..........A,D 19.~ bnfo,e me........... '........... .....................
.1'ft)lC,r PUbl.'C~:';t:'dfft,.t,~~ County and'~:ate, resid,n. therein. ci~IY co",mlss>oned end s,#om"p~;~on~~I; a~pea,"L"...
...~" -,C~-a<,ikI:A1........................ .....,......~'o"n to me to be th~..V..M.~....PreSldent
and..~.....~'''.......... ............... ... :<nown to me to be the...,~... .......Sec'eta'"
~:e~o~~'~;:~~. L1~; .e:~~.~~d..t'~~..;;~.i~.;~.~~.~~~';,..~~'~';~.~e ,to be the persoaa who executed the within In";;':~:~;::~~'
bcho1t of the Corporation therein named, and acknowledged La me l.hsL.such Corporation executed tho same.
.':11 Wirnt5S t!.11;nrof. J official seal the day end year in this certifIcate ficst
above written.
I';otnry, Sl(\te~'
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