Subordination Agreement 1989-550619
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RE~ORDING; REQU;SJED B~
ctrY OF POWAV
AND ,WHEN RECORDED MAIL To':
CtlW, CLERK
C ITV OF POWA Y
~.g~ BOX 78~
IWWAV, CA 92064
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SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as assigned BeneHciarj' unde'ra Deed of
Trust assignment dated July 6, 1989, recorded in the Office. of the County
'Recorder of San Diego County July 11, 1989, FileNo. ,89~3629Q6, ancj as owner,
and holder of the obligations thereby secured does 'her~by make subject and
subordinate the liens thereof to the Easement granted bY Earnest WilHam Burson
,and Karen Maria Burson, husband and wife, to THE CITY OF POWAY, it beiQg ,
understood and agreed that foreclosure of said Deed of Trust: shall notaffec!,
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 easement to record concurrently herewith,
The undersigned Beneficiary of said Deed of Trust declares and.,acknowledges
.that it hereby intentionally waives, relinquishes, 'and subordinates the prior;;'"
t,Jes, and superiorities of the 1 ien and charge of sa.id Dee'dOf Trust uRon:the
land described therein in favor of said easement, and that 'ft 'understan'ifs;t"hat
in reliance upon and in consideration of this waiver, rel.i,nquishinent, and '
'subordi na t ion specifi c moneta ry and other ob 1 i ga nons w,Hl beente red into by .
Third Parties which would not be made or entered i'ntobut for said re.liance and
the execution by Beneficiary of this waiver, relinquishment, and s'ubordinat-,ion.
Dated:' ..5tf~ k..v
R/,W.Nq.
Exc.No.
ProJect:
(119~7
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NiUE.: , ALL SIGNATURES MUST BE
.ACKNOWLEDGED NOTARIES: Use
proper form attached or staple
;appropriate form therto.
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STATE OF CALIFORNIA <", ", ,
COUNTY OF ...J,-"",,- /d1 "';;:0
On 5-t.~6.-.r. II. I' ~'l
said State, personally appeared A1 Q n L.
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, before me, the undersigned, a Notary Public in and for
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,personaIlY'known to me (or proved to me on the
basis of-satisfactory evidence) to be the persons who exeCuted the within instrument as
President and \1; (c (Jr-e-s,d....1. r S~"on behalf of---.:I[.....p
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the corporation therein named, and acknowledged to me that
such corporation executed thewithin instrument pursuant to its
by-laws or a resolution of its board of directors.
WITNESS my hand and official seal.
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