Subordination Agreement 1989-444785
0204
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'''''R~cOiHlING REQUESTED
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CITY OF POWAY
AND WHEN RECORDED MAIL TO:
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BY: -
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CITY CLERK
G ITY oF' POWA Y
P"p. BOX 789
POWAY, CA 92064
I'''' r~EcoRDtD'N;":"1
Of'fICIM:.,r,ECQRDS
or- Stel, 0;f.[0 COl.lNlY. CA,
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89:AtiG;;18"'RM~2i:32
'L VERA L. LYLF.;_ I
..cOUHrf REGOROEJLj
qC,AQo/7g 5
Thi..s-.space for Recorder's use
NO feE.
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as assigned Beneficiary under a Deed of
"lr!:!.st a-ss.i.gnm!!nt dated May 3 , 1989., recorded in the Offi ce of the County
_Recor.der -of ..San Diego County"May .10, 1989.,~E:iJe NO."89,,,24Z013,an-d - as :owner and
holder of the obligations thereby secured does herebym-ake subject and subor-
dinate the Liens thereof to the Easement granted by Tom and Sheridan Lee
D'Agosta; and Ronald A.tol~tsujshi t() THE CITY OF POWAY, it being understood ,and
agreed that foreclosure of said Deed of Trust shaTI not affect, defeat or
render invalId any rights under and by virtue of said easement, and said ease-
Illent shall be paramount and superior to the righ,ts of any purchaser under a
foreclosure of said Deed of Trust.
Said ea.spmentwgs recorded R-.3 -&-.1 , File No.
RC? - <j/52.. >JtpS- i and affects the real property described in said Deed
of Trust.
The undersighed Beneficiary o'f said Deed of Trust declares and acknowledges
that it her:eoy intentionally waives, relinquishes, and subordinates the priori-
t..ies and superiorities of the Lien and charge of .sa,id Deed of Trust upon the
land described therein in favor of said easement, an-d that it understands that
in re1.iance upon and inconsideration of this waiver, relinquishment, and
subordination specific monetary and.,other obligations 'wi.ll be entered into by
Third Parties which would not be made or entered into but for saidreHance and
the execution by Beneficiary' of this waiver, relinquishment, and subordination.
Dated:
,July ?O. 1989
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BENEFICIARY:
Palomar Savings & Loan Ass.ociation,
A Califorhia Corporation
R/WNo.
Exc. No.
Project:
By:
NOTE: ALL SIGNATURES MUST BE By:
ACKNOWLEDGED NOTARIES: Use
proper form ~,ttached or stapl e
appropriate form therto.
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S'l' A TE ,.oF;:... ,.,., _...,.,. ,."., " 0;.,."",., ,.." }
County'ot...............:.....~:~~.......;.......... . ~8
PARTNERSHIP FOml
On ~~i,s.'~~; "_'" ......day..of.....: ...:,..-...-..-~.;';.;'. "..... .A. D.. ,19. ...~. ,bero"re ,me',. ..... .......... _.... ......; ..... ..... ....... .......;..... ..... ....
a'~otary'P4blic in and for the .said C'?~ty and"Stale. residing therein, duly. commissioned and sworn, personally appeared......
................~..........-;..........................:....._.....~..................... kno~ to',:me "to.,be one of the', partners of"the:partners.hip that
:execuied the within i,nslrument, and..ackno~ledged"to me, that such.partnership executed the same.
lIn lVirrlfSS tiJ~rrrOr. ["have-hereunto set my hand and ,affixed my ()fficial seal the day snd year in this certific'Sle first
sOave wri Lten.
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...........................: _'" '~'''''''''''''''''''''''''''''''''n....... .......
Notary Pu:blic in'~d {or said CO...1J,..n}y and St..a:te.
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GENERAL FOR~1.
STATE OF".....,.....,.....".................... }
County,of.........................................:.. .' 'ss
On thIS.. .......... ...... ..day of....... ....... ... ............ .A.D.. 19....... before _m_e,... ........... ........ '... ........... ............. ..........
a Notary Public inland (or the said County and State.,residing therein;' dul~,comm"issioned and_sworn, personnlly:nppeared......,'.
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personslly-'k~own to~rne.to be the pe_rson.;....whose name............................subscrihcd to the within Instrument, and duly
.ackno~l.edg:ed to'me that........hhe;..........execute.d the same.
1111 .Wirn~ss ,ID~rrrof. I' have-here~rito 5eLmy ho.nd and ai:"ixed ,=,y official seal :"1.e day and :""ear in this certificate iirst
abov~ written.
..................................................................................
~otary Public in:and'.for said County and State.
CORPOR.-HIO:>< FOR~,I
STATE OF.,..,.~.?J.jJ,q.r.-!1,i}:.,.."...,.,'
County or..,......Sa-l'l-"D,i,a'3~ci.-.,.,...,.".
}ss
On thi .... .,?,Q ~ .~,. ,... .-day 6f.".,., ~.U_!,Y."".,.,.".., A b" 19, .?,~, Sef6,., C"e". .,S,u_~_a,~, c ~::,: _ ~ .~.n,~ .V,<,!. r.., ........,.....,,~,.
a N~~ar:SPu~I:C ;R:~dd fa, the said Co...."' nnd_;;:ate, ,esidin.the,ein, c~'Y co",missioned and swomp:;.eess;ia8~n'fea'ed......,
..J......... ........~....: .~.X ..... ....~........; ................................ ...... ...... . "-''10 ""n, to me l.() bo? the.......... ......... .......... Pre 51 den t
and -- F 1 o're n,c e - L in ds e", .".. . V P.. - , d . v
-,........P';.;Y6'mii:y..'.S'a'ij:;:ri-ij'S'..ij.ri.cr..[.oiHr..JI'S.s.ocT1itTofinown to me '" be "'e, '.... ..r.e.s,)' ,e.n,'..~l\,<>..;Yx
of the.. .......~~..................... '.:'" ......... ...... ........................... ........... ;..... _.... ..... ...................................."... .... ........ '"
the Corpornticn L.~l}t ~:c._ecuted the ,within InsU\Jment. 'kJl"own to me; to be"the persons "who executed thc"w"ithin Inslrument, on
behalr',o{'the Corpornlion ther:eiri'name"d. and acknowledg~a to me that such Corporation execut.cd tho'6omo.
.':::11 Wirness lV1J,rrroc"1 have, herellnto set my hand nnd aifixcd my official seal the_ day alld year in thi.s certificnte first
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MY COMMJSsION
OFFiCIAL SEAL '
Susan, L. Danover
Notary Public M California
'PIUNClPAl OFFICEtll~
"SAN-'bi t:;'G'o -COUNTY
EXPIRES Feb.:'l3, 1990
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uhlic in d for sOllj COl!n~y: nnd Stnte. .
above
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