Subordination Agreement 1989-444784
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RECORDING REQUESTED BY:
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CITY OF POWAY
G-' m:COROED iN PD
OfFICii,!. fiECOROS
.~. (.. . ~-rr:"" I' .
,Gt ~/"H ~".",~, CCviH Y. CA_
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AND WHEN RECORDED MAIL TO:
CITY CLERK
CITY OF POWAY
P.O. BDX 789
POWAY, CA 92064
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89'~UGT8PM:;~:;32
Li VERAL.LYLE;_ I
~OUtnY HECORO~
This space"for Recorder's use
NOFEI
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under an assigned Deed of
Trust assign;nent da_ted December 15, 1988, r!!c,qrded in the Office of the County
Recorder of S~n Diego County December 16, 1988, File No. 88-64917J, and as
, owner and holder of the obl igations thereby secured does hereby make subject
and subordinate the liens thereof to the Easement granted by Rex M. Teets and
JoAnn B. Teets, Trustees Teets Family Trust UTD Dated April 6, 1979
to THE CITY OF POWAY, it being understood and agreed that foreclosure of said
Deed of Trust shall not affect, defeat or render invalid any rights under and
by virtue of said easement, and said easement shall be paramount and superior
to the rights of any purchaser under a foreclosure of said Deed of Trust.
Said e4mentwas recorded ~~3~f;9 ,File No.
'lCj - /;;). '/1(P'1 , and affects the real property described in said Deed
of Trust.
The undersigned Beneficiary of said Deed of Trust declares and acknowledges
that it hereby intentionally waives, relinquishes, and subordinates the priori-
ties and superiorities of the lien and charge of said Deed of Trust upon the
land described therein in favor of said easement, and that it understands that
in reliance upon and in cons_ideration of this waiver, relinquishment, and
subordination specific monetary and other obligations will be entered into by
Third Parties which would not be made or entered into but for said reliance and
the execution by Beneficiary of this waiver, relinquishment, and subordination.
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NOTE: ALL-SIGNATURES MUST BE By:
ACKNOWLEDGED NOTARIES: Use
proper form attached or staple
appropriate form therto.
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STATE OF',............".....",..........,...,...
Cauo ty of. .... .....;... ................... ... .......
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PARTNERSHIP FOR~1
On "this.... .... .......day of........... .............. ..A. D.. 19... ....before me... ........ ........... ...... ...... ..... ...... ... ....................
e ~otary Public in and for the said County and State. residing therein, duly commissioned and sworn, personally appeared......
............................................n.............................~........ kno'NTl to me to be one of the partners of lhe partnership that
executed the ~-within instrument, and acknowledged to me that such partnership executed the same.
lfn lVitnrss lVbrrrof. I have hereunto set my hand and affixed my oflicial seal the day and year in this certificate first
above written.
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Notary Public in an9 for said County and State.
_ C) GENERAL FOR~1
STATEOF'~!~,..:......,.. }'s.~ /I' ",/, //7_ /
countyOf....~~~............ ~ .'?I~.I'~~
On thlS.......I.,f.:,...day Of..r;;ra~_....,.A.O.. 196before me.. , .........., ....k~,~:ffi~,~,~....
~..~,~~~;.7'~d,~~Z>.. ~.~~.c.~c&~.', ,~~~.',~:~.~.:~.~:~.',~:,~.~~~ .~~,~,~'.~~.',~~.~~,.~,~.~.~~::'.~ .~~,~~~.~~I.I,~.~~~~~:~~..'..,'.~'
personally known to me to be the Person......whose name ............................subscribcd to the withm Instrument, and duly
acknowledg:ed to me thal..........he..........executed the same.
lfl1 Wirnrss illQrrrof. I ha.....e hereunto set my hund and ai:ixed l:'lY official seal t.i.e day and year in ~his certificate first
abo.....e 'oVt'itten.
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-~;;E V\NKlAREK
SllS . ".-, SI,I' oil,,",
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M- ccrnmlUlon t1pmlS .
pi>a, 111, 1992
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in and for said County and State.
CORPORATiON FO?~.l
STATE OF:".,:..........,..................",.... }
County or........................................... 5 s
On this....................day or........................ ......,\.0.. 19....... ::efo're ~e. .......... .... .......... ...... '" ....................... .....
s Notary Public in ;::""id for the said C.::ll';""ilY .:l1ld 5:ate. resldino: therein. ,:uly c:J:':1mlsslon~d ilnd s.....om. ;le~sonally appeared.......
..... ......... ............. ....................... ............................... ....... ....... ".no.....Tl to me La b~ t~e..... ...... ...... ,........... Pre Sl den t
and.................................. .............. .... .... ... .............. ................ "no'olo'll to me ~ b.c Lhe................... ...........Secretory
of tile...............................................................................................................................................................
the Corporatlcn l.~Qt <!xecuLed the Within Instrument. knOINT1 to me to be lite persons who executed tile within In5trument. on
behalf ot the Cc.t"por<Jtion therein named. and acknowledged to me that auch Corporation executed tho some.
"::11 UJitnr55 Wljrrrot, I have hereunto set my h:ll'ld und aiiixed my ofricial seal the day illld year In this certificate first
abo.....e written.
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Sotnry Puhlic in CIld for SOld County nnd Stnte.