Subordination Agreement 1989-676933
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REtOF~ING REQUEST-ED ,jy:
THE CITY OF 'POIio\Y
WHEN, RECORDED HAIL TO:
T-HE'CIrl ,OF POliAY
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P.O. BOX 18~
POhTAY, CA.LI?O?.nIA
NO FEE'
92064
THIS SPACE ?OR RECORDERS USE
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SUBORDINATION AGRE~"NT'
:E;OR V~LUE"RECEIVED, ,the undersTgned, as Beneficiary under a Deed of Trust dated,
February 9" 1989_ , -t"ecordedin, the Office of the County Recorder of Sa,!} Diego
County FpbrlJary 13'. 1989 ,FHe ,No. 89-075057 ,and as owner and hol'der ,of the
oblJgationstIlerebysecureddo,,,,s hereby make subje:dand, subordinate the liens 'thefe,?f
to the Easement granted by GATEWA Y-POWA Y ASSOC IATES, A,CALl FORN JA GENERAL PARTNERSHi P
(For Roadwa,y Easement'):
to THE CITY OF POhTAY.; -it being understood and agreed,tl1a t foreclosure of said Dee'd of
'l'rust shall not affec:t, defeat or'render invalid ,any ,rights under and by virtue of
$"aid casement) and said easement shall be pararilountand superior to t~e rigHts of
any purchaser under a f<?re,clos~re of said Deed of Tru?f.,
Said easeroent was reco'rded 10?-7-gQ , File :.0. ,fj9-&(Pb?5~!'
the real property describe~ in said Deed of Trust.
, and .affects -
The' unders:i:.~n~d 'Ber1:eficiarY~'9f said, Deed ,of Trust declares and acknc~ledges ,that it
hereby; ~I?-t.en~j"ot1ally \<'>aives, relipquishes, and ,subord"inates the priorities and
sup"rf,,,rities of the: lien arid" charge of said Deed of ,Trust upon the land described
t"he~~i:riin f<lvor 'of said 'easement, and that it understands that in reJ:i'ance upon and
:ih copsiderat.i"on of- tl}is \.:aiver., reli..nqu~sh=:.ent', and :subo;din~t:l:C!n ;:>pec.i:ic monetary
arid other obli,t;3tions will, 'be entered into 2.1 T~ird 'P~r.~i!=s -..:~i"c~" :.fO_uld ...rl.E~; b~ made,
:or: erit,ered int~o) ',cut' for 'sa-id rel;i'nnce 'and' ::~_g ~xec~tt,?n hy~ '3en,e,fic"1.'.~fr;Y' ,6f tn~.s{ :waiv,er;"
relinqu-ish:7'.ent, ~nd subora.'i'aation_ -
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,Dated:
3 I:::: L::? I C:':::/...::',:{ :
GREAT AMERICAN FIRST SAVINGS
BANK, A CALIFORNIA CORP.ORATlorl
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OF Dl'EGO
C't<(e.
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f:OTE': 1~..lL SIC::~\TUr\ES ;'!UST 3E 1\c:::;~O~~~EDG=D
:;OT\.rzr::s: Use proper fo= .:Jtt:Jcned
or st~pl~ appropriate
foro Thereto,o'
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STATE OF CALIFORNIA
COUNTY OF San_Diego
on_Jul}'...Zl._19R9
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Iss
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1072
,before me, the undersigned, a Notary Public in and tor
T:imothy C. McCullough and
. personally known to me (or proved to me on the
basis of satisfactory evidence) to be the persons who executed the within instrument as_Assistant_
Vice President and Vice Pres a ~, on behalf of Great American
First Savings Bank .-..' I" I' 1.1.......... fl. ..........
. t."\. 0," ~. OFFICIAL SEP,L :
the corporation therein named. and acknowledged to me thai." ...
t -." RANDI L. WOODROW :
suchcorporationexeculedthewithininstrumentpursuanttoilS i .;:. Notary PubllCCiJllforn,o +
by-laws Of a resolution of its board of directors. ' . ~ Principal Offl,e In :
San Diego County ~
t My Comm. Exp. Mar 1 199\ t
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said State. personally appeared
Kenneth M. Shook
::nNa~:r:,~~~~ffid/aLLJ~
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(This area for official notarial seal)
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