Subordination Agreement 1987-481008
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'RE~ORniNG REQUESTED BY:
THECIIY OFPOWAY ,
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WRE!, RECORD, ED MAIL TO.:
'THE,CIIYOF'POWAY
P,O.BOX ,..,' '
PO\~AY, CALIFORNIA
92064
NO FEE~
THIS SPACE FOR RECORDERS USE
SUBORDINATION AGREEMENT
" - .FO!l,~'!ALUE RECEIVED '
, 'October-:3; 1984' ,
C6tintY~Sil~D;'QSJo
,obl~gations thereby secured
'tCl th,e:,Easementgra~ted by
the .undersigned, a~s Beneficfary:under ,a D,eed of Trust' .dated
, recorded ,in the Office of the County Recorder of San Diego
, File No.84-38031O .. ", and as owner and holder of the
does .hereby makesub~ec6and.JsubClrdinate the liens thereof
TED 1,. VANCE AND NE MAM., VANCE
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 rigl1ts under and by v,irtue Cl,f
said, easement, and said easement,shali be"paramCluntandsupedor to the rights of
any'ptifchaser under a foreclosure .of s~id Deed 'of Trust.
Said. easement was ,recorded , ,F:lle No.
the,~e~i'p~opertydescri~ed in said Deed of' Trust.
, , and affects'
The,tiildersigned Beneficiary of said Deed of Trust declares and acknowledges that it
'h'erebyintentionallywaives" r,el,inquis.hes,and su!:>ordinates the priorities and
superiorj-ties of t1\e,11en and charge ,of said Deed of Trust'\1pon, the land described
t,her:einin favor of, said easement, :aud that it ullderstanrls' that in reliance upon, and
in. cClnsideration of, this: waiver:, relinquishment"and :subordination specific monetary
,and other, obligations will be entered into by TJiirdParties which would not be made
. or entered into but for said rell';-nte i.rtd the execution by ,Beneficiary of this waiver,
~'-re:i!inquils~~'~.I}_~; ~:aIl~" L~J.iqorq~F~;:icn." , " .
Date.d.;
raw No.
Exc', No.
p~,?~ect':
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JUNE 1, ,-1[987
BENEFICIARY:
Mana er
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N01;li:ALL SIGNATURES 'MUST BE ACKNOWLEDGED
'NOTARIES: Use proper: form ~tt~ched
Ol';i s!,,,ple :ap'prop'dat"e
fClrm, th'ereto.
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Flnancial Services
Officer
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On ~ I I q , b~fore me, the undersigned, a Nofary Public in and for
"id S"", p",o",lIy 'pp,,,.d Mid, a ,,-I (: e Je s; t~ ~
known to me to be the M~~~and M ~__ j _GcJ C,
Financial Services Office
known to me to be the .$;ereot'!l'f"i" of the corporation thaI executed the within instrument,
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and known to me 10 be the persons who executed the within
in~trument on behalf of the corporation therein named, and ac.
~~ knowledged to me that such corporation executed the within
~' instrument pursuant 10 its by laws or a resolution of its board
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o' directors.
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WITNESS my0and official seal
s'9,,,,,,0./Jr./l 1...-L" ,..,fKlA. ,
LOt'---:r. QNr/n,JiiI/
Name (Typed or Printed)
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OFFICIAL SEAL
LOIS J, SANDOVAL
~jOTARY PUBLIC. CALIFORNIA
PRINCIPAL OFFICE IN
SAN DIEGO COUNTY
My CDmm!SSlO~ hp. loIareb 2~. 1991
(This area for official notarial seal)