Subordination Agreement 1989-444782
RECORDING REQUESTED BY: ...
CITY OF POWA Y
AND WHEN RECORDED MAIL TO:
CITY CLERK
CITY OF POWA Y
P.O. BOX 789
POWAY, CA 92064
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SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust dated
July 8, i988" recorded in t.he Office of the County Recorder of San Diego County
July 21.1979, File No. 88-354692, O.R., and as owner and hglder of tbeobliga-
tions thereby secured does hereby make, sUbjecty,nd subordiJ]..ate .th~l):.e.ns '
thereof to the Easement granted by Kex M. iecls c1/ld ,JeA:nh 8, leet>,
];.fceJ kc/s fMdv h.J.:i. (,171> kfd 4pni (p I i'17'1
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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 inval id 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.
Sa i d easement was recorded ~ -3 - gq , Fi 1 e No. g'l -1/;;;z ~0 7
, and affects the real property descri bed in said Deed
of Trust.
The undersigned Beneficiary of said Deed of Trust declares and acknowledges
tryat it hereby intentionally waives,' relinquishes, and subordinates the priori-
tres 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
.-9: _ i.n.I.eliance~up"'on and in consideration of this waiver, relinquishment, and
, sjJbo[dJlli!,fi,on, specific monetary and other obligations will be 'entered into by
T.hi:G9 Par,ties which would not be made or entered into but for said reliance and
the ,execut'ion by Beneficiary of this waiver, rel inquishment, and subordination.
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Dated:
BENEFIC IARY:
R/W No.
Exc. No.
Project:
Scripps Bank,
A California Banking Corporation
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NOTE: ALL SIGNATURES MUST BE
ACKNOWLEDGED NOTARIES: Use
proper form attached or staple
appropriate form therto.
By:
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STATE OF CALIFORNIA
COUNTY OF sAN DIEm
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~"_..~-''''_ OFFICIAL SEAL
", ,~ HARRIET L. HAWKINS
. ' "~, NOTARY PUBLIC, CALIFORNIA
;, ,/Prmcipal Office 'n San Diego County
'. ~. My CommisslOfI Expires May 17, 1991
~
CORPORATION ACKNOWLEDGMENT
Form No. 14 Rev. 7.82
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\.,199
ON .mm.--.mm..--m.mJUly..ll..__.__..m.__.mm.m.mm.m.__.' 1989.., before me, the
undersigned, a Notary Public in and for said County and State, personally appeared
...Wall:er...F---Matrangam.--.m----....__.m.mm.mm.m.mm.__.m.m.__.m.__..mm
proved to me on the basis of satisfactory evidence to be the person._m_ who
executed the within instrument as m,--.mm~i.()r:..:v.i.<;~____.....__.. President, m..dK
.X.X.lLX.JLX:' &dfeooryc of the Corporation therein named, and aknowledged to
me that such Corporation executed the within instrument pursuant to its By-laws
or a Resolution of its Board of Directors, i-L"
Notary's Signatunf,~..,-2t-:kg~~.'!Z7~~c:'~(~...............__...
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