Subordination Agreement 1989-444783
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CITY Or : ,WAY
AND ,WHEN RECORDED MAIL TO:
CITY CLERK
CITY OFPOWAY
P.O. BOX 789
POWAY, CA 92064
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".... ,,. RECGRQt;p.'hhr;~
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This spate for Recorder's use
SUBORDINATION AGREEMENT
RECEIVED
JUN 22 1989
PL:JUC SERVICES DEPT.
FOR VALUE RECEIVED, the undercsigned, as Beneficiary under an assigned Dep.d of
Trust assignment dated Decembei 15, "988, recorded in the OHice of the County
Re.cordE!r of San Diego CountY December 16, 1988, Fil'e No. 88-649174, and as -- ;t,""-
owner 'and holder of the obl igaHons thereby secured does hereby make 'subject Sif
and subordinate the Hens thereof to the Easemen.t granted by Rex M. Teets and ;",:.i~-
JoAnn B. Teets, Trustees Teets Family Trust UTD Dated April 6, 1979 '~0(t~' ,
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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.
SAi d e,V,ement was recorded Y,.3 - &'9 , Fi 1 e No.
'(,q- 1::1 'iSZ,7 , and affects the real property described in said Deed
of Trust.
The undersigned Benefic.iary of said Deed of Trust declares and acknowledges
tW-af it hereby intentiona1.lY waives, relinquishes, and subordinates the priori-
ties and superiorities of the lien and charge of ~aid Deed of Trust upon the
land described therein in favor of said easementj and that it understands that
in reliance upon and in consideration 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
th,e..executton..by_BenefJc,i ar.y-,o.f_ th,i s,_wa.i..ver. reliJlqut.shmelJ.!.,_an~L3-ubo.c!!~ati o~_ __
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Dated: ....!r.~he /6, 19@9
BENEFICIARY:
a Marrie Man as
te proPJjrty .
r M' /i
R/W No.
Exc. No.
Project:
By:
NOTE: ALL SIGNATURES MUST BE By:
ACKNOWLEDGED NOTARIES: Use
proper form attached or staple
appropriate form therto.
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STATE'OF,.......,........,.."." '..,..... ,...... }
FCountx of.'.......................................... ~s
PARTNERSHIP FOml
Ori-~lhi's............. ..day' of... ... ..... ....... ....... ..A. D.. 19...... ,before me......; ............... ..... ....... "'_" ....... ........... '..........
e Not..8i:Y"Public in and fOi the said County and State. residing therein, duly commi$sioned and sworn, personally appeared......
.......................................:...... ...................................... kno\'wTI ,to me to be one of the partners of the partnership. that
executed~..the within instrument, and acknowledged to me that such partnership executed the Bame.
]11 lVirnrss Wbrrcof. I have hereunto set my hand and affixed my official seal the day and year in this certificate first
above written.
..................................................................................
Notary Public in arid for said County and State.
GENERAL FOR~j
STATe OF,c;;(...a&t.~......,..,..,.. }
County of.....,..~.A..((.u.l.r.::v............ S5 j 1 (l .
On thig,...dO.......day OL...~......A,D.. 19.8..'1 beCo,. m.,~...t!.0.i/.~,.....,..
~,~~.~~~:~, ~~,~~:~r~~~~~':: ~~~;~zt~:~.',~:, ~.~~~. ,~~.~,~.'.~~.',~~~~,,~,~. ~.~.~~,: ,~~,~~~~~.~'.~,~.~~~~:~~.'.'...'.-,.
personally known to me to be the person......whose name ............................subsc.iocd to the withm Instrument, nnd duly
acknowled~ed to me that..........he..........executed the same.
ifl1 Witness 111brrrof. I have hereunto set. my hand and .1.1:ixed ~y official seal t..'le day and year in this certificate Jlrst
above written.
. ,.., "'. ;,USAN E. VI\\trU.A;:::EK
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'\~;~~:~;:G~;:~_ FEB. 19,1892
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:-totary Publ ic in' and for said County and State.
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CORPORATIO:--i FO?,..1
oS'TATE OF:...:'~................................... },.
County' 0 f. ..... ...... ........ .......................
On t~lIs....................day of... .......................... .A.D.. 19....... :::e(ore :';1e. ..... ..... ...... ........ ...... ........ .......................
a Notary P,...lblic :n ::O"1d (or the sald CuL:.."1lY 2nd .:;~ate. :esld:n~ L,eretn. c::.d,' c:::'::-:misslOned and sworn. ;lersonally appeared.......
.......................................,.......................................................;.;....1o....n .to me t..Cl be the................... .......... Pre siden t
and................................................. ....... ................... ................ :-'noW'Tl to me ~ be t..ne.............. ..... ... ........ Secretary
of the.. ..... ..... ................ ..... ...................... ...................... ...................... ........,.................................. .................
the Ca~orntjcn t.'1at executed the within Instrument. known to me to be the persons who executed tho within [nstrument. on
behair of the Corpof<ltion therein n.1.ffied. llIld acknowledged to :ne that such Corporation executed lhQ somo.
"::11 'U..'itnrss DJ1irrrof. I have hereunto ~et my h.:lIld and .llfixcd my official seal the day ilud year in this certificate first
above WTllten.
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\'otnry Puhlic ,in I:!Jld fnr gl)ld County fUld Stntl!.