Subordination Agreement 1989-395860
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RECORDING 'REQUESTED BY:
'Ti"IE"CITY OF POHAY,
O{l, II;I,!' '2f;PI'h,c<:!:';;S
v.;'ri;..;;-v',~' "....~ 'f:fh-.J-'<.'"
WHEN RECORDED HAIL TO:
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TilE, CI-TIOF POHAY
P,.O, BOX ')89
POHA y',CALIFOl'u'UA
92064
HOFf!"
THIS SPACE FOR RECORDERS USE
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SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the und'ersigned, as Beneficiary under a Deed of Trus,t dated
,'IIII.y R 19 RR recorded in' the Office of the County Recorder of San Diego
County ATlr::11 <;T R 1 9 R 8 ,File No. R R -'I R'R <; n 4 '. and as owner and ho"1der of the
'obligations thereby secured does hereby make subject,and subordinate the liens thereof
to the Easement granted by POWAY T~lnll<;TRTtl PRnpf'PTTFS, t C^lIFOR'llil (;ENER^l
,PARTNERSHIP
tO'THE CITY, OF POHAY, it being' understood and agreed that foreclosur,e 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
.?nypu.~ch,a$,er: under a foreclosure of said Deed of Trust.
~aid: e_ase.meni: was recorded
-,'\.'
:th" rea! proper,tx described
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7-::<0-69
in said Deed
, File No.
of Trust.
29 - 3? ;;<,</-21
, and a'ffec ts -
The undersigned Beneficiary of said Deed of Trust declares and acknowledges that it
"hereb,)' ;lntentibna'lly waives) relinquishes, and subordinates the p~iorities 'and
superiorities of the lien an,!" charge of said Deed of Trust upon the land described
~h~rein in favor of said easement, and that it und~rstands tha~ in reliance ~pon and
in, consideration of this waiver, rclinquis~~ent, and subordination specific monetary
ana other '.ob1ig~tions will be entered into by Third P~rties \Jhich would not be made,
9.!=' ~ntered' into but for said reliance and the execut.ion by Benefic.i'ary :ofthis! ,-waiv:~:r;:,
r~linquish~ent) and subordination.
Dated: cr/Yl--f-
R/H N~. "
Exc. ([0.
Project:
:?/ f<i g'y
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L3E::EFICL\..:......Y:
IINION RANK:
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By:
3y:
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,Non;,: AI;L S-IG:;,\TURES ;'lUST BE ,~CK.:;ol,'LEDGED
~IOTARIES: Usc\properform a'ttached
or' staple appropri~te
form thereto.
in and for 8aid State, personally appeared
(known to mel (or proved to me on the basi, of satis/actory evidencel to be the
~resident, a.nd Mark D.. Six-our
il<nown to me! (or proved to me on the basis of satis/actory evidence I to be Asst. Vice Pre s iden t
j'i.cretary of the corporation tha' e.eculed the within Instrumen, (known to mel (or proved to me on the basi,
. ,>I satisfactory evidence I to be the persons wbo e.eculed the within
Instrument on bebaU of the corporation therein named, and
acknowledged to _me that such corporation executed the within
inatrument Porauan' to ita by,laws or a resolution of ita board of
directors.
WITNESS m
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(COrporationJ
STATE OF CALIFORNIA
COUNTY OF
On June
jss,
Orange
21. 1989
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before me, Amv L..
Helen M. Adams
a Notary Public
Solorio
Signature
Form3216lCA 12-82)
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Vice
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OFFICIAL SE:^L I
AMY L. SOLORIO
NOTARY PU3L1C,CAl FC~NIA
PRINCIPAL Oi'F'CE IN
ORANGE COUNTY
My Commission Expires January 7, 1991
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