Subordination Agreement 1988-288142
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TleOR TiTlE INSURANCE r.OMPANV nF (1A1lmpW' )
AND WHEN RECORDED MAIL TO: )
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RECORDING REQUESTED BY:
!9&8 JUN 16 AM 8: OS
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CITY CLERK
CITY OF POWAY
P.O. BOX 789
POWAY, CA 92064
NO FEE
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(This space for Recorder's Use)
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under Deed of
Trust dated August 24,1987, recorded in the Office of the County
Recorder of San Diego County August 27, 1987, File No. 486187, and
as owner and ,holder ,of the obligations thereby secured does hereby
make subject and subordinate the liens thereof to the Easement
granted by poway Residential Properties Limited Partnership ~o 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.
Said easement was recorded 61t6/tfJ~
and affects the real property described in
, File NO.gra -,J~J3b ,
said Deed of Trust.
The undersigned Beneficiary of said Deed of Trust declares and
acknowledges that it hereby intentionally waives, relinquishes, and
subordinates the priorities and superiorities of the lien and
charge of said Deed of ~rust upon the land described therein in
favor of said easement, and that it understands that in reliance
upon and in consideration of this waiver, relinquishment, and
subordination specific monetary and other obligations will be
entered into by third Parties 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/W No.
Exc. No.
Project:
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BENEFICIARY:Hawthorne Savings and
,/l Loan Association
By: JJt!..~-d!R~-L- ~~~
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By, ~,..~
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NOTE: ALL SIGNATURES MUST BE
ACKNOWLEDGED NOTARIES:
Use proper form attached
or staple appropriate
form thereto.
This Instrument filed for record by Ticor Title
Insurance Company of Caiifornia a3 an accommodation only, It
has not been examined as to its cxec~ticn or 3S
to its effect upan tbe title,
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CAT. NO. NN00737
"TO:21.945 CA",(1-83l
. (Corporation)
~ TICOR TiTlE INSURANCE
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STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
On _JUNE 15, 1988 before me, the undersigned, a Notary Public in and for
said State. personally appeared **JERRO OTSUKI** 1~
pe!sonally known to me or proved to me on the basis
of satJsfactory evidence to be t~ 2~rlion who executed
the withincinstrument as the 'l'REASURER
~nd
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[ personally known to me ,or
;! proved to me on the basis of-satisfactory evidence to be
. the person who executed the within instrument as the
I' --- Secretary of the Corporation
t that executed the within instrument and acknowledged
,_:- to, me that such corporation executed the within instru-
~_ men! pursuant to its by-laws or a resolution of its
board of dire
WITNESS
@ PATRICIA L. MEROTH
_ . Notary Publlc: - Callfomla
0. "f PRINCIPAL OFFICE IN
;, ORANGE couNTY
My Commission Expires November 2, 1990
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(This area for official notarial seal)
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ST ATE::OF.... .....................,..."... .......
County-'of..... ..... _. ....-....,. ..,........ ...... ....
This Instrument filed for,ri!i:ord tiy'TIcor TItle
Insurance Company of, California as an accommodation only. It
has not been examined as to its execlllion or as
PARTNERSW\1slj)~J~H!pan the title,
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On',this.... ...........day of...... ....~..._.. .....;.. n. .A. D., 19......,be{ore me, ...,.................. _. "'H ..... ..... ....... ..._.... n... ..........
a~otary Public in and for the said County'~nd Stale. residing therein, duly commissioned and Bworn, personally appeared......
.................................~..........n...................._.........-....A._.....,kno\VD. to me 10':00 one of the'partners of the partnership that
executed the within instrument, and acknowledged to me that such 'partnership executed .the same.
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]11 Witness, W~rrror. I have hereunto set my hand and affixed ~y official 'seal the day and year in this certificate lirst
above written.
.......................-...........................................................
Notary ~!Jblic in and for'said County and State.
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, GENERAL FORM
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STATE OF.........................................
'Co-unty, of...........~........................ .~,'."."
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'. On this....................day of.........:......................A.O.. 19....... befo,re me................................. t..........................
: 8 Not.ary Public' in and for the'said County and State. residing therein. duly commissioned and sworn, per.~_onQlIY .appeared......
..........................................................................................................................................,..........................
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personally k~own to me to be the pe~son.......whose name ............................subscribcd to the within Instrument, and duly
acknowledged to me thaL..........he..........executed the same,
1111 Witness lV~trror. I have hereuntO set my hand and affixed my official seal the day and year in this certificate,ftrst
above written.
...........................................~......................................
Notary Public in and for said County and Stale.
CORPORATIO:--I FOR~I,
STATE OF,..S:~,~.gS','!:~.~.?:,....,.,...... }
County of......QJ:a.u:ge........................ 59
,15th June ",88 b' J:':::COLSON ..:_.::';-:.-::'c'... ,
On lhl s............. ....;. .day of~.... ......... .... .... .... ....A.D.. 19.. .:... ,elore ,m,e....... ............... ......... ~.. ..... ......... ........~. ....
sNotsry Public ii. ~d for the .~id County and,S's'e. residing therein. duly commissioned and .womyP.ersonslly,sppesred.......
......:~.?<:!:iD.RLENE...Kr.s.ER.~.:':.... ..... ..... ......... ........ ....:...... .......known ,o,me to be the. ........;~!?l3: ............ Pre sident
N/A
and. ..... ............................ ...... ................. '" .... ....... ... ........... ..... knoWn to me to be lhe.. ..... ....... .......... ......Secretary
o( lhe............................................................................~'.-'..................................................................................
,the,'Corporntian that executed; the within Instrument. known to me to be the persons who executed the'within Instrument. on
behal(,oC the, Corporation therein named. and acknowledged'to me that auch corpition executed tho'same.
1111 ~ir~,r55 W,IJrrr,or. I h. ve hereunto, set my hand and affixed my Offi<ZCi3 I 81 th . day and year in this ~ertiJicate (irs~
above',Wfltten. .
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, r~-- OFFICIAL SEAL ! ' ,
: " 'J, COLSON : ,
: . ..~- . : Notary, Public CaUlomla : '
:':. o,RANGE COUr-m: ......................:......:... .. ..~..................
: -- . My,~f'!1fT1ISSlon'Elpl'e5~! 11 _1~ 1 Notary Public In and"for'!!l8ld County and'State.
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