Subordination Agreement 1990-164277
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I ~" REcORDa it. I
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THE CIn OF P01JAY,
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L.10lJNT YRECORDtJ!....j
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RECORDING. REQUESTED BY:
WHEN RECORDED'~~IL TO:
THE CITY OF POl,AY
P.O. BOX, 789
P01JAY, CALIFORNIA
92064
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NO fEE
THIS SPACE FOR RECORDERS USE
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SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary'under a Deed of Trus~ dated
june 21, 1989 , recorced in the Office of the County Recorder' of San Diego
County June 3D, 1989 , File No. 89-347290 , and as owner and holder of the
obligations thereby secured does, hereby make subject,and subordiQate thehliens thereof
t th E' t t d b Pomerado R1.dge, A Calitornia Limited Partners l.P' ,
o e .:1semen gran e y '". r . ..'.
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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 par"l:lount and superior to the rights of
any purchaser under a foreclosure of said Deed of Trust.
Sai~easement was' recorded ,~~0-qO , File No. c;~~119S';;;'o and affects
the real property described in said Deed of Trust. A copy of the Easement is attached
hereto as Exhibit "A" and incorporated herein by reference.
The undersigned Beneficiary of ~aid Deed of Trust declares and ac'~o~ledges that it
hereby intentionally waives, relinquishes, and subordinates the priorities and
superiorities of the lien arid' charge of said Deed of Trust upon the land des'cribed
therein in fav~r~of said .easemenc: and that it understands that in reliance upon and
in. consider,J,t1on of this \la~iver. relinquisn.::ent, and subordination specific t:lonetary
arid other,!bligations will J',e entered into by ThirdPar.ties ~hich "oul.d not ,be made
. or entered into but for said reli~nce and the execution hy 3eneliciary of this waiver,
relinquish=ent, and subordination.
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Dated:
:::;::ICL'~"Y: Crossland; Mortgage Corporation
A Utah Corporation
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or ~taple appropri:lte
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r Slale of California } On this the~ day of January 19.2Q..., before me, ~
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,~, Los Angeles . ~~
Anita Nicewander
, County of \'
.r the undersigned Notary Public, personally appeared ~
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~.~ **N.C. Grames** ~
" IJI: pe'rsonally known to me' ~~
A:~1g...... J,:~","a;:l'C ~~:-'l: '1
. 4"'....~ OFFICIAl'SEAL I 0 proved to me on the basis of satisfactory evidence ~
"'4~~, ANITA R NICEHAtIDER
r!\~;~~:NOTARY ?U6L1C_C....UFORNIA to be the person{s) who executed the within instruMent as
\~,~tl LOS f,NGELES COUNTY Reglonal Vlce Presldent b h If f th r th '
'-",,..-.,> 1 199' , ,.' or on e a 0 e corpora Ion ereln ,
By COMM. EX? FEB.. . "
_ named, and acknowledged to me that Ihe corporation executed it. ~~
w~nd and official seal, ~
Notary's Signal{~.-&IJc:M~:~
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EXHIBIT "A"
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LEGAL DESCRIPTION
OF
WATER EASEMENT
1279
Being a portion of Parcels 7 and 8 of Parcel Map No. 15618, in
the City of Poway, County of San Diego, State of California,
filed in the Office of the County Recorder of San Diego County,
described as follows:
Beginning at the Northwest corner of said Parcel 8; thence along
the Northerly line of said Parcel 8, North 71 DEG 59' 21" East,
8.02 feet to the TRUE POINT OF BEGINNING; thence continuing
along said Northerly line, North 71 DEG 59' 21" East, 20.05 feet;
thence leaving said Northerly line, South 14 DEG DO' DO" East,
169.29 feet; thence South 76 DEG 00' 00" West, 57.91 feet; thence
North 14 DEG 00' 00" west, 20.00 feet; thence North 76 DEG 00'
DO" East, 37.91 feet; thence North 14 DEG DO' DO" West, 106.59
feet; thence South 76 DEG 00' DO" West, 12.00 feet; thence North
14 DEG DO' DO" West, 10.00 feet; thence North 76 DEG 00' DO"
East, 12.00 feet; thence North 14 DEG DO' DO" West, 31.30 feet
to the TRUE POINT OF BEGINNING.
This legal description (EXHIBIT "A") and a sketch labeled
EXHIBIT "B" attached hereto and made a part of this legal
description was prepared by me or under my direction.
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ROBERT W. SANFORD R.C.E. 18405
EXPIRATION DATE: 06-30-93
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