Subordination Agreement 1989-503438
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RECO?~l~G REQ~~S7~D
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TlF CITYO? ?O'~f..Y ,
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..'F.E!'l RECOR1)E:D :-'.A!!..TO:
THE cr,'I"i OF ?Ol.'AY'
P.O.. :SOX..""
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P01;AY. CAt!?OR.'UA
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Tr:!S SFACE FOR RECORDERS, USE
SUBO?~!~AT!ON AGRE~~~~T
FOR' VALUi RECEI\"E!l. the und'ersigned, as, Beneficiary under a Deed' of Tr"st ~ated
31 July 1.985 . recorded i.n the Office of the Cour,t). Recorcer,'of San D::;ego
County, l.5'Seotember 1985 . File No. 8fi-A07BAR , and as ow"ner and 'h02der' of the
ob~igat'::;ons. r'he::eSy sec..::ed does ~ereb2': lOake sUb,j",ect,and ,su,bo::d~~ate the .liens the::e'of
tothe,Easer:oent'g::anted by CF POWAY LID,. a Call1Ornla llmltedportnershlp r"
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to THE 'CITY D? PO~~Y, it being' unde::stood and agreed that foreclos,,::e of said Deed of ~
Tn.:st s~a':l~- ~ot af,feet, ce:eac or renc.er invalid any rigrltS under and b,y vfr,tue of
sa;d eas~et:lentJ .a,ri"d said easewe=t shall be pa=-amount a:1d su?er:.cr to the =ights of
ar:..y' pu=-cr.as-er U:"d:ier a foreclos~re of said Deed of Trust.
Said ease::lent "as r,eeo::ded 9-/- ~q , ,
the real prope~:y d~scribed i" said Deed
, File No.gC;-4731-09
of Trust.
. aod affects'
The unce::s::;gned Beneficiary of sa::;d Deed of Trust decla::es and acY~o"lecges that it
hereby ,inte"t::;or.ally .'a::;ves, relioquishes. and SUbD::ci.!lateS the priorities and
,super::;ori:ies of t:-,e Een and charge of said Deed of T::ust "pon the laod described
there'in- in favor of sa::d easement:, and that it o:'lderstancs tr.at in -r.eliance upon and
in. consice::a~-::;o:i of' chis "aiver, relinqdsru:.ent,- and subo::dinadonsiecific mor:~tary
and oth!,r obl::;ga::ior.s ...111 be entered ioto by Third Parties ",hich, ",ould not be =ce
,or, e_n.ter:~e~ into ,but for said reliance and the exec~t:ion by Bene~j!ciary of- t.his '\o,;aiver."
reli"q~ish=in:. and subo::dinacion.
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",\ Da ted:
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ue. No.
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JANUARY 31, 1989
BENt:FICIA.'\Y:
SECU,Rny~j(ClFIC' NATIONAL
t:SANK, a na,tlona.l oanK1Ilg
association,
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RIC
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DOUGLAS W. DRANSFIELD
ASSISTANT ViCE l'KESWEN-l
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NO!E: ALL SIC~A!URES MUST BE hC~~O~~EDCED
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NOTAR~~S: Use proper fo~ attached
or staple appropriate
for::> tbereto.
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5532-33
Onsi'te Landscape Maintenance Ea,sement along
Pomerado, Stowe & So, Poway P~rkway
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COUNTY OF
STATE OF CALIFORNIA
LOS ANGELES
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1023
On January 31, 1989
RICHARD D. NEILSON
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, before me, the undersigned, a Notary Public in and for said State, personally appeared
personally known to me or proved to me on the-basis of
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satisfactory evidence to.be a Vice President, and DOHGLA S T.J. DR AN~FTF.T n
known to me or proved to'me on the basis of satisfactory evidence to be a n A ~~T C::'rAN'T' UTrp pR:ES IDENT
of the SECURITY PACIF"tC.NATIONAL BANK, the association that executed the within Instrum.ent, known to,me to be the persons who executed the within
~ Instrument on behalf of the association therein named, and acknowledged to me that such association executed the same, and acknowledged to me that
such association executed the within Instrument pursuant to its by-laws or a resolution of its board of directors,
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(Seal)
030874 8-83* 25 ps
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Bank Officer's Not?Tial Acknowledgement
(Notary Public'
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