Subordination Agreement 1989-627488
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.ctr.Y CLERK
CIn OFPOWAY
E.O. BOX 789
'POWA Y, CA 92064
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SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as assigned Beneficiary under a ~eed of
Trust assignment dated February 26, 1988, recorded in the Office of the County
Recorder, of San Diego County March 4, 1988, File No. 88,-099935, and .as owner
~nd holder of the obligations thereby secured does hereby~ake sUbjict and
subordinate the 1 iens thereof to the Easement granted by Earnest Wi 11 iam Burson
and Karen Maria Burson, husband and wife, to THE CITY OF POWAY, it being
'understood and agreed that foreclosure of said Deed of Trust shall not affect,
d~feat or render inval id any rights under and by vi rtue of sa.id easement, and
satd easement shai 1 be paramount and superior to the rights of any purchaser
under a foreclosure of said Deed of Trust, '
Said e'a'sement was recorded Oc ro{l,efl... it, I 't S~ , Fi 1 e No.
.' ":'s,;c'iSig'CJsolci', , and affects the real property described in said Deed
of Trust.
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~lhe 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 1 ien and charge of said Deed of Trust upon the
--land described therei n in favor of sa i d easement, and that'Tt uiiderstanas that
in reliance upon and in consideration of this waiver, relinquishment, and
subordination specific monetary and other obligations will be entered into by
Third p'ar(ies which would not be made or entered into but for said rel iance and
the execution by Beneficiary of this waiver, relinquishment, and subordination.
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Da ted:
R'lW No.
Exc.. No.
P roj eel:
q- 7-fJ
BENEFICIARY:
The Armstrong Inver Vivos Trust Dated
November 12, 1987
By;
By:
NOTE: ALL SIGNATURES MUST BE
ACKNOWLEDGED NOTARIES: Use
proper form attached or staple
appropriate form therio.
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~ T. NO. NN00621
} 1944 CA (9-84)
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f!iJ TICOR TITle INSURANce
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STATE OF CALIFORNIA , }
COUNTY OF J~ 1)~ ss,
'l, 19 l?'1 _ before me, the undersigned, a Notary Public in and for
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On <;n-p::tr'J""^- JUA.
said State, personally appeared
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- , personally known to me &f:.-
-;~the-basiS-aLsatjSfactar'Y-<Widene" to be
the pe~son:=, whose name j's subscribed to the
within instrument and acknowledged that ~ eXe-
Cuted the same.
WlTNESS my hand and official seal.
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Signature ~ ;:/ ~ 1 .II "'^
OFFICIAL SEAL
JANA l JACKSON
NOTAF<Y PUBLIC ~ CALlF'ORNIA
SAN DIEGO COUNTY
My comm. expires APR 26, 1993
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(This area for official notarial seal)
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