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Subordination Agreement 1989-280869 F~ '''-, - ".,;. "'-, -'" 'it ~'." ',;' ,""-1 " ,/ ,;,., .A....., A" , . < '. 13,4'7 " L 1; gIP '89 Z,,8'o*rg c' < . ~:i':~~.,.~~;-;?..}. .;; ~ , ", '~<)t"F1f'GGRO[O'INil" " , ' :..OFFlqJALRECORDS, 1 Or 'S.A~Wf.GWCo.U~!LY, Ct.'; ,TilE CITY OF PO:!~\Y S~HAVt26',."PHH3:i';O . . -- ; I ",VeR;<l.L.LYlil;~ ;1 .LE.OUillY'RECORO~ RECORDING REQUE}'f'EI)jjiT: WHEN. 'RECORDED :-!AIL TO: , . TilE CITY OF POIIAY P,.O. 'EO:< Y8'3 PO:IAY, CALI?O?JlIA 920,64, THIS SPACE FOR RECORDERS iJsENO FEE , , SUBORDlCiXIION AGREE:.1ENT FOR VAI!YJ: REgE;I~ED, the und'ersiFgned" as Beneficiary und'er a Deed of Trust dated ,March >l6. 1989 , recor.d~d :i.r; the Office of, the, County ,Recorder of SariDi~go County' March]7. ,1989 . File 'No. 89-13ti338 , 'and as, owner and 'holdero'f the olilcigationsthereoy, secured' d'oes hereby;o3Ke subject and, subor,dinatethe liens thereof, to the Ea~"mentgranted by; F:NSAL"Corporation. aCal'iJorniil Corporati'on ' to .THE CTTY OF 'P,OIIAY, it being un9.erstobd and; agreed that foreclosure of said Deed of 'Trus~t s&a'll not affect" d~t~;,l~ ,qf rend'er in\~aiia any ~~ghts unger and by vir-t-ue, 'of sa-~d easement, and said ~a~e~ent shall 'be ?ar2.T:1<?ur\t j'ndsuperi'or to the" righ',ts or any purchaser under a ,foreclosure of 'sai'd Deed aT Trust. Said easenient "as recorQedS~/9~X'9. rile ilo. [(9- bl,:054/.s- the re~l fropercy descr~bed in .said Deed or irust. , and affects ,~he undersi6ned Bepef:i:c-i:Sr"y of' 'sai.d De~g of Tru~st- declares o.nd ackno''';leqges that i-t ';hereby intentioi1~'li.ly' ~aives,,; ,re;i'.inqu_1is:,es, .J.na ,subordinates the p~iorities and ~superiorities ,of ~he, ,l:iep.'and-j' cha~ge of. ,said Deed_ of Tn.;st: upon the land describe4 ~therein in',;fav<2r of said' easement ~ a_nd that it understand-~ that in reliance upona,nd .in consider,3.tio'n of this !Jaiver., reJ.;inatiish=.enr', -and',.suhor&-i'h<ition specific mo-nefary 'a~a otbe~-_:?:6ii~4'.t-ions, >..,Jill' be ent~t'~'p~' i~to' ,~':'~ Third: Partie~ -;::hi:ch ...{o~ld not h~,- IIl:<ld-e" or entered: i:1to, tlut for sa-i:d ,rc'ii'3p..ce i'rici' t~e e::ec~::-::on 'by 3enefi.:i'ar,y ,Qr" this 'dai"ver J reli<1q~:i.:?h;.:~nt~ 3nd subord;'i':1~ti~n-:'. . - , , 'Datod: ,R/,l-l.; '~;o. ;::7C. ::0,.. P::'gj oc t :::;I:?;cc:~',3c',. Scripps Bank, a Ca,l,ifornia. ",~~g DAVIDL.CASADY .". SENIOR VICE PRES~l' 3:::' -' p .._~_.~. ---- !~OTE: /.:.I.L slCi;ATU~ts :'!UST 3E ,.'\q:i:~O:~L::Z:G:J ~;OT\.E\I::S: Use proper for7:l 3:tt:l'.:::ned or st~ple 'pproprijte Jpr:I theret~,. ..-!~ ~ ",: "\'.. ..,' V'lcl. 'I,' . ,/ ;' -, - 1348 ,.' it:. ,STATE Of': , ,....,... ,. c.",.,.......,. '.... ...,.. ,." C'~~-ty~O f..... ,..7;~;':~'~,:;; ..-. 0.".. ......... "0,' 'PARTNERSHIP FOR~l }ss qn t~i.s;..... .........'day o[;".-.~';" .'~-;.;......... ...... .A'. D., 1~; .;;.. .tJefore~ me:, ......... ....~;.;_.... .;............. ....... ~_.._'.~._~.;.........;....... "8 N()taiy;'P.Ublic;in and for. th,: sajd C?unty,and State,. residing thereml\clu!y comrriissio~ed,'~nd!swom. perso~aJ.ly ~ppe&red'...... .......... .....,.-.,......... ....... ........ ..:;-._;~~.~.._..~-;;-.. ....... ......... .........~ knoWn! ~;'me;t~),be! one -of th~ partners of the. paf1..r?~_~ship <that ,executed.:tl1e '.....it~ih)nstrument; 'and !i.s_~_~owJe~ged. to me that SU~~, pa.rtnersnip executed the same. l1n Wiln,rss W~ii'eOf.rhii~e hereunto' set,my hand anj' affixed my'official seal <he day and year in thia certificale lirs' above written. .. . . . . . .. . . ; . ~. .. .. ; ".- . ; ; ;: . .. : .... . . . .. . .. .. . .. . . .. . .. .." . . . .. ~ . .. . .... ... . .. .... .. Notary Pu'blic in;Jand for-,said"Counly and ,State.. GENER,.I.LFOR~l ,STATE OF '.'h'....................".......~'.'h ,} sa Cou.ii.ty of.'...; ;;............. ...~... ~~..._.. ... ;~..... 0;, "t,liia.,.......,.. ....... .day ofc..". ,.... ..... '.,..... h." .A, D" 19......, "beforem~,........, ..... '" h..'., '.., '.""" 'h..h.h........"...., a"~51tary Public. in-~d (or the :said';County'aild S~ale. re5iding-"therein-;.~diily. commissioned and 'sw<?m-. ,personnllyappe-ared.. .... - -'.' - .'.'. . ..................................................................................................................................................................... '" . -.._-.' .. - , .... . - ~, pe-(sona:ll~y :knoWn to me "le> ~e the person.~...~.~!'t_ose name .s~bscri.bcd to the 'within Instiument, Uno: duty 'acknowled.~ed tome that. ....;.he;.:--....;;;..execuled,the same. '::11 Witness W~rreq[.1 have hereunto set 'my',hand, and aifixed my official seal the day and year inthia certificate tirsl above written. ................................................................. ................ :-,rotary P,ubiic"in.ari.d for said Count!' a:i~ State. COR80R.i.TIO:'i FOR~,l "....~~"'. . OFFICIAlS".;:.- . - '," ~t3 ,"~j,/ltJn .,. '.}" '~fj' "'\'BRfDGET C,.,CUNDIFF 'eSTATE, .9r . '...,.,.i:1.'~.""'....,.".."......., " '-;;~<li,' ' . NOT.ARY,,,,SlIC, ,CALIFORNIA ounty of.. ~. . ~.x,.~<'$",'~p.....;....:~........ ' \'\~., .;" PRINCIPALOFFICE,tN (/ \~ ~ SAN OJECO'COUHfY c..iJ {3...t'1/l~-' 0 "?f1 c~l,;o ~'. IIIHcft."'s ~~.hl. I9. tffl On th....2{,..',.......day oL''':..-,.;Ir..~.............A;D , 19,...... ,be(o,e me.......'.., '" ..............".....,..,.. "Notar? Publoc. In ""',<jJ6~e saId County and ~late. res;dln, th'-,eln, c~l~ commissooned end',sfom, p~"on~!ly .a,ppea,ed...,... .......k.9.~d?..ll,;...~.((fJ~..........,....,' ....-'~...........,....,....~,~~" to me to be thg))...fU1..(g/)..J./.M'..R..." Pr:.e Sldent and"',;.)l:.,...::::-:"...."~.:,..."......,....,...,,.,......,'......'.." "nown}(o 'me to be <he."..=.,. -.c.....,.Secre'ary ~:e~~fJft:~~~ t;~',i~~..~,;i.,~,;~.:~'~~~';... ~~.:. ;~'~~"~";;.;: ~.~' .~~.:~~.~~..~ho e xecu:~~ '~e' '~',':~:~", ns~~~'~;:' ~~. behalf. o(.'ch.e'Cor;loration' ',the-,re'in named, ,nna".acknowled~.cd lo:me.t.hat;8uch COrPoration eiec.u.ted tho same; .:JJI Wirnrss 'l!.l!irrrof;;J ~ave here:~nto set ,my hand above -WTitt~il. and p my o(ficlal sesl, <he day "ud yesr In lhls certlflcnle ~1lfJ-t:: .t?!.......,:~,:, " ':Ol'!'l" Puhllc ~r.~~!'tcoUnlY'lUld Slnte. first'