Subordination Agreement 1987-564364
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THE CITY OF POI-IAY .
1987 OCT -6 PH I: 35
~VEr~A 1_'LYLEzj
COUN I y m:corW[Il,,-
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RECORDING REQUESTED BY:
WHEN RECORDED MAIL TO:
CITY CLERK
THE CITY OF POWAY
P .0. BOX,' 7 8 9
POWAY, CALIFO&~IA
92064
1\vG::q?(,--~ 11CO(1----
NO,FE!,
THIS SPACE FOR RECORD~K~ 'U~~
SUBORDINATION AGREEMENT
FOR-VALUE RECEIVED, the undersigned, as-Beneficiary 'under a Deed-of, Trust-dated- --- ,----
OCTOBER, 2, 1986 " recorded in the Office of the County Recorder of San Diego
County October 3, 1~86 , File No. 86-44.5117 ,and as owner and holder of the
obligations thereby secured does hereby make .subject ,and subordinate the liens thereof
to the Easement granted by BERMAN INVESTMENT GROUP, INC. FOR PROPERTY
KNOWN AS LAKE POWAY ROAD AS DEDICATED
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 paramount and superior to the rights,of
any purchaser under a foreclosure of said Deed of Trust (See Legal Descrlptlon
. attached)
Said easement was recorded OC.I-OfJM '(;, " /9/ J, File No. f-7 - 5/i.1/ 3 to ~ " and affects
the real property described in said De~d of Trust.
The undersigned Beneficiary of said Deed of Trust declares and acknowledges that it
hereby intentionally waives', relinquishes, and s'ubordinates the priorities and
superiorities of the lien and charge of said Deed of Trust upon the land described
therein in favor of said easement, and that it understands that in reliance upon arid
in_ consideration of this waiver, relinquishment, and subordination specific monetary
and other obligations will ,be entered into by. Third- Part{es which would not be made
or entered into but for said reliance and the execution by Beneficiary of this waiver,
relinquishment, and subordination.
Dated:
R/l-I No.
Exc. No.
Proj,ect:
June l5,. 'l987
BENEFICIARY:
F F & E TRUST
By:1::~4
By:
NOTE: ALL SIGNATURES HUST BE ACKNOWLEDGED
NOTARIES: Use proper form attached
or staple appropriate
form thereto.
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EXHIBIT- A.-
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Green Valley Groves
1967-100-00
June 6, i 985
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LEGAL DESCRIPTIO!,!.
(LAKE POWAY ROAD)
BEING A PORTION OF PARCELS 31, 32, 33, 40, 41, 42, 43, 44, 48 and 49 OF
, ,
RECORD OF SURVEY NO. 3842, FILED IN THE OFFICE OF COUNTY
RECORDER OF SAN DIEGO COUNTY, FEBRUARY 15,1956. SAID REGORDOF
SURVEY BEING A PORTION OF SECTION 36, TOWNSHIP 13 SOUTH, R,A;NGE 2
WEST, SAN BERNARDINO MERIDIAN, IN THE CITY OF POWAY, COUNTY OF
SAN DIEGO, STATE OF CALIFORNIA, BEING MORE PARTICULARLY
DESCRIBED AS FOLLOWS:
BEING A STRIP OF LAND 60.0,0 FEET WIDE THE SIDELINES BEING 30.00 FEET
ON EACH SIDE OF'THEFOLLOWING DESCRIBED CENTERLINE:
,
,/
COMMENCING AT THE'NORTHEAST CORNER OF SAID PARCEL 31 OF SAID
RECORD OF SlJR VEY /110.3842; THENCE, ALONG THE EASTERLY LINE OF
SAID PARCEL 31, SOUTH 00054'45" EAST (RECORD = SOUTH 00041'44" EAST),
,80.41 FEEJ" TO THE TRUE POINT OF ,BEGINNING; THENCE LEAVING SAID
EASTERLY ,LINE, SOUTH 5t>13'42" WEST, 612.54 FEET TO THE BEGINNING OF
A CURVE CONCAVE SOUtHEASTERLY, HAVING A ;R~DIuS OF 400.00 FEET;
THENCESOU!HWESTERLY AND SOUTHERVY ALONG THE ARC OF SAiD
CUR VE THROUGH A CENTRAL ANGLE OF 56046'21", 396.35' FEET; THEN~E
SOUTH 00027'21i, WEST, 152.17 FEET TO THE BEGINNING OF A CURVE
CONCAVE NORTHWESTERLY, HAVING A RADIUS OF 1100.00 FEET; THENCE
SOUTHERLY, SOUtHWESTERLY AND WESTERLY ALONG THE ARC OF SAID
CURVE THROUGH A CENTRAL ANGLE OF 89044'29", 1722.91 FEET; Tf:lENCE
NORTH 89048!10" WEST, 697.38 FEEl; TO A POINT OF TERMINUS, SAID POINT
BEING SOUTH 60048',48" WEST, 1016.70 FEET FROM THE SOUTHEAST
BOUNDARY CORNER OF GREEN VALLEY HIGHLANDS. UNIT NO.2, MAP
NO. 6596, AS FILED IN THE OFFICE OF SAID' COUNTY REGORDER OF SAN
DIEGO COUNTY, FEBRUARY 25,1970.
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THE SIDELINES OF SAID 60.00 FOOT WIDE STRIP OF LAND TO ,BE EXTENDED
OR SHORTENED SO AS TO TERMINATE AT THE EASTERLY LINE OF SAID
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CAT. NO. NN00627
...TO 1944 CA (9-84)
:
, (Individual)
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STATE OF CALl
COUNTY OF
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On
said State, personally appeared
mI TICOR TITLE INSURANCE
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before me, the undersigned, a Notary Public in and for
, personally known to me or
proved to me on the basis of satisfactory :evidence to be
the petSon_ whose name "j subscrled to the
within instrument and acknowledged that 0( exe-
cuted the same.
WITNESS my hand and official seal.
Signature ~/ p7 ((j~
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OFFICIAL SEAL
GAIL BLAIR
Notary Public-Cali1ornia ,
LOS ANGELES COUNTY .
My Comm Exp Apr 17 1991
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(This area for official notarial seal)
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618
Green Valley Groves
, 19,67-100-00
June 6,1985 '
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PARCEL)l'ANb~i\T'A'LiN'EniAT,BEARS NORTH 00048'48" 'EAST THROUGH
THE POINT OF TERM'INUS, SAID LINE BEING PARALLEL WITH AND 32.00 FEET
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EASTERLY OF'THE WESTERLY LINE OF SAID PARCEL 44.
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PIM to ....... L.... Deeulptlon for Llike Pow8y A08d
for PrOpelled CIty of Power Trect 82-i>>1R
EXHIBIT "8"