Subordination Agreement 1987-609215
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RECORDING REQUESTED BY:
THE CITYOF.,POHAY
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1987 OCT :29 AI,I!!: 00 '
Wl-IEN,RECORDED MAIL TO:
I ..YEI':I\ Ic.LYL[" i
L.J2UIJIY i:CCOiWEL!
THE CITY OF PQI{AY
P.O. BOX..789
POWAY, CALIFORNIA
9,2064
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\ No FE~
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THIS' SPACE FOR RECORDERS Lu~
'SUBORDINATION AGREEMENT
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the undersigned, as )l'eneficiaryunder a'D'eed of Trust
, 'recorded. ,in the Office of the County Recorder of San Diego
, File' ,No. 86-38003 , and '-as owner and holder of the
does hereby make subject ,and 'subordinate the liens thereof
'powav-Residential Properties.. a Limited Partnership
FOR VALUE RECEIVED,
CountY, -1/30/86
obligations, thereby secured
to the Easement granted by
ticr ..THE CITY ,OF PO\,AY, it be'in'g' underst"bod and agreed that ,foreclosure of said Deed of
'"Trust shall, not affect, d'efeat or render ,invalid any rights' ,under and by virtue of
'"ai:d easement, and said easement'shall be paramount and superior to the rights of
'anypurcha'ser under a foreclosure of said Deed of Trust. '
SaicL ~.:i?~rner1!:_was
the real property
recorded oc,tol::J!"r~ 20,19_87 File No. 87-,59.0582
,
described in said' Deed-'of Trust":
, and affects.,'
Theund,ersigned Beneficiary of said Deed, of Trust declares, and acknowledges; that it,
hereby intentionally waives, reliilq'uishes, and subordinates, the priorities and'
superiorifies of the lien and charge of said Deed of Trust, upon the land described
therefn in favor of said easement, ,?-nd 'that it understands, that _ in -reliance upon arid
'in., consideration of, this waiv:_~t;, x,elinquishment, and, ~uJ;>o.}~.din~ti_on :specific monetary
and other 'obiigations will be 'entered into by Third' Parties' ,which would not be' made
pr, tgrlt;er_~.d', ;in,~_b b,ut for, s?,id re:~:iaii~e and 'the exec~tion' bY 'B.ene'flciary of this waiver,
rei i[l-qu:rsl'1,m'en t., _a-rid subo-rdihation'. "
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Dated':
R/IV No.
,Exc., No.
p'roject:
3-1.() ~7
BENEFICIARY: Hawthorne Savings &
Loan Association
By,:
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't:"e~~~?"]~..L/"P/d-;1 '
"pr~dent ' /- "
./6:. / Y'I e-u~,?,uJ~"
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Assistant Tueasurer
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NOTE:,
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ALL SIGNATURES HUST BE ACKN(Jwt,~l?9ED
NOTARIES: Use proper form' attached'
or sta~le apprbpriate'
form thereto.
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STATE: OF :" '."",..".." "" '.", "., ",.."". }
'Cou,n'0, 'at, ~.-'.. ......." .,.,... ............ .......,.. ,'~s
PARTNERSHIP FORM
O.n':thi~...~... _. .....,..day of......,..... _............. .A,D.." 19..... .,befor,e me,..,...';.,...,. ,........... _.... ..... .......................,......,
a Notary Public i!:J. and for the,said,County'and State, residing therein, duly,eomrriissioned ~nd,swom. personally Bf!peare'd......
..................,.........,......';~...........;.................................,.. known to me to be' on~ or.'U~e partners of the partnership that
executed,the within.'instrume_n~, and'id{nowledged to"me that such partnership exec-uted the same.
3111' lVitnrss_lVljtrroC; I have hereunto _set myhand' and affixed my official '_seet! th.e day-and year in this certificate first
aboye written.
..,......................:........................................................
.Notary Public in,'and 'for saiq,CollJ1ty and State,
GENERAL FORM
STATE OF..."......"""......""..,.."....... }
'County or...,...........,.....,........,.......:..._., ,S5
On this ...... ....." ...... .day of.....,.... .~... ',., ',~.' '.;..~ ......A.D.. 19.. ...., before me,.",..... ..,.. .......,..............,. .......... .... ........
iB,:NotarrPublic 'in and for the .;-aid Co'u~tyC_arid.State, residing therein, du'ly cornmi'ssioned _and:,swom. personally "a~peared......
..............,....,........"....................................".......,..........,....................,............................,............................
personally, knoWn to me to be .the person;;,.....whose name...........................~sub:scrjbea to, the within Instrument, and d_uly,
~2kno~l!idge-d to 'TIe that..........he..........executed the same. '
,lIl1j1J{frirs5~IDbrrcot.-I, havc'--hcre:.fnto"-set'-my hano' and -affixed'--mY"oHicial'--seiU"'"the day and year -in ttiis certificatef{i:St---
above written.
. . . . . ~ . . . . . .. . . . . . . . . . . . . . . . . ... . . . . . . .. . . . . . . .. . . . . . . . . . .. . . . . . . . . . . . .. . . . . . . . . . . .
. Notary Public ,in and,for said County and State.
CORPORATION FORM
STATE OF..!;:il-.1UR;t;T);\.R.".............". }
County cif....San..Q.iB~G..................... 55
20th, " Mar h ,,87 ,,' ,'" " ,,'
Ori ;I(i..""."...... ..:, ,.. .day' of....., ...... ..c;.., ,.,.. ..... ..A,O:';, '19.:.,... befo,e me.,,,Barbm:q,.R ...l'..w;il.<;>;;J.... ,..,.., ......".,.,...'.'
aNot'ary pubt"ic in and for,:',the :?siq. Co'un~y;'an'd Stat.e, .residing therein",dulY'commissionedand sworn, personallyapp_eared.......
.vERNON. .D....;HERBSr~~. ...:. ,. ....... ..... ..... ...... ....... ....-... .~........ ....-;kllo~ to me to be the..... ...... .......... ..... ...' Pre sidEmt '
'!".!l:;:Y.E:R.t\.NE'J)Et.JKOYl(;~.. .......... ......... .,....... .......... "....., ......kn~'~ .to me Ii> be the;. ~~~:. ..?:7.~.<:.o;;,~~!Se""'tl:nT-
'of the'....llavrthoxne..SiJ.vingS. .and..LQo.u.M,,,.Q.<;,til-:tJR!1~.,., ..... ;.. ", ......... ......,. .... .......... ........ ..,"... ....... ... ,......
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the Corporation that executed the w.ithin ,Instrument; known to me to be the' p~(sons_ .who executed ,the within ,Instrument, on
behalf of the'Corpora~ion thcrein:named. and acknowledged to me that such"Corporation executed the same.
1Jn Wltnrss WIJfIClJf, I have hereunto set my hand and affixed my offICial seal the day and year an this certifIcate first
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above wnl.k,a, '- - - - - - - - ~FFICI~~,SE.AL - \
' BARBARA H. PlRACCI , /.'.,
;-~ NOlARV PlJ~IIC CA.l jf-ORNIA ~ ~/
I PR'"CIPALOOFCFO'~~;~ '~~"L'<t...Z.~~.........
.' , SAN .DIEG - .
My CommissiQn Expires,AugusI25, 1989 _:.: NOln,y Public In and'fo, 'aid Coun'y and S'n'e.
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