Subordination Agreement 1988-288141
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RECORDING REQUESTED BY:
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C~,'fY 01, l'ovvAr )
flCOR TITLE INSURI\~!GE COMPANY OF CI\L!FDRI\lIA )
AND W-HEN RECORDED MAIL '1'0: )
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!938 JUN 16 AM 8 05
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COliN., ') i'-,~={~'H':'~ll?~~
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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
EOR VALUE RECEIVED, the undersigned, as Beneficiary under Deed of
Trust dated February 9~ 1988, recorded in the Office of the County
Recorder of San Diego County February 23, 1988, File No. 80571, 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 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.
Said easement was recorded ~jJ618'6
and affects the real property described in
, File No. ~ -0l88 /3c
said Deed of Trust.
The undersigned Benefic~ary 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 Trust 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: &//~/pt
R/.W No. f
Exc. No.
Project:
BENEFICIARY:Hawthorne Savinqs and
Loan ~jAl.tion
By: .A.Qa~~<.R -{A;Vv
u{.0 ;?-u-~L-d!<--->uL-
NOTE: ALL SIGNATURES MUST BE
ACKNOWLEDGED NOTARIES:
Use proper form attached
or staple appropriate
form thereto.
By:
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This Instrument filed for record by Ticor Title
Insurance Company of California as an accommodation only, II
has not been examined as to its CXBcstton or <1~
to its effect upon !hetitlc,
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CAT. NO; NN00737
TO 21945 CA h-83)
(Corporation)
(!iJ TleOR TiTlE INSURANCE
STATE OF CALIFORNIA
'COUNTY OF' LOS ANGELES
On JUNE 15,1988 before me,
said St:lte, personally appeared **JERRO OTS[IKT**
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 'rREAsURER
~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
--- Secretary of the Corporation
that executed the within instrument and acknowledged
to ffi.e;thar, such corporation executed the within instru~
ment pursuant to its by-laws or a resolution of its
board of-dire
WITNE ' my hand,
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the undersigned, a Notary Public in and for ....
@ PATRICIA L.MEROTH
. , ' Notary PUbliC," CalifornIa
~ a . PRINCIPAL OFFICE IN .
", ORANGE COUNTY -
My Coml11lsslon Expires November 2, 1990
(This area for official notarial seal)
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'hilS Instrument tuecfforrecord by Ticor Title
'/nsurance,Compuny, dfCoiifoiniii,asan accommodation only, It
has,not been Gxammed,as to its execution or as
to Its effect upon the title.
STATE'OF....... ........,"".-.".'.-.. ,.-...... .,., '....
Ceun iy' 0 f........,..: ..,. :"'~: ;'. ~~;~'::~..;..............
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:PARTNERSHIP I\.ORM
O.n; thi s..;............ day, or;.............,.:........... A. D.. 19...... .before.', me.;................................................... ,...............
a ~ota-ry Public in and for the_ sai'd County and State, residing therein, duly commissioned- and- sworn, personally appea!ed......
.......................................................~.~;'............~............... known to,me"to '1?8',~"ne,of, the':partners of Ut'e partnership that
execu'ted the within in_strnmen~. ,and aCknowi'edged to ~e that such 'p,srtnership 'ex_ecuted the sa~e.
']'n Witness Wbrrrof.1 have hereunto set my hand and affixed ~y of(icial seal the day and .year in' this certificate firs~
above written.
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Notary,'Public'in and for said County and Slate.,
..'l;
, GENERAL FORM
STATE OF.................................,.......
County. of... .....-....~~._.... ...... ..... ~...........
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On thr9.............~......~d~y' o.r~.....;.:.o............;..:...... ......A.D.. 19....... before"me. ......~.._......~.. ....... __._.u........~..... ..... .~.......
a.Nolarr Public in and (or "the said County'and-'Slale. residing- therein. duly'commissioned and sworn. personally.appeared......
... . .. ... ..... . .. . . . . .. ...... .. .. . .. .. . .. .. .. . .. . . .. .. -"..- .. ... .... .... ... . . . . . ...... . . .. . .. .. .. .. . . ',~ . ... . . . .. . .. .. . . .. .. . .. . . . .. . . .. . . . . ... . . . .. . '" ... . . .... . .. ~ .. .
personally known to me to be the person......whose name............................subscribcd to the within, Instrument, and duly
,ackniiwledged to,me that..........he........-..~-~eci.Jted the same.
lIn llJitrirssillbrrrof.1 have hereunto sel' my hand and affixed my oftidal seal the day and year in this certificate first
above written.
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Notary. PubJic in' and for said County and Slate.
Califo'rn'ia
STA,TE OF"or-a.t1"'e....;"....'..,."......,.,.. } s.
- Cgunty o(..............-=l........~.....;'.............
CORPORATIO:-ij;'OR~t
On thi.,......l.';;.th."h"d.y,of.-.... ..... ,,Ju<.},e......... ,A,D,. 19.. .8.& before me........... ,J.~.- ..Colson.... .... ............... ......
8 Notary Public in.and for tQe's~id, CounlY and State. residing:therein'. duly commissionedarid.swom, personally appeared.......
**DORLENE KISER**" . , ,"'VICE,
... ..... .............. .... ..... ..... ....... ....... ..... .....-........ ......... ..... ,............knO'Nl'l to~me to be the..... ..... ......... .......... Pre sldent
N/A '.. ' ,
and...............................................................................~............ kno'Nfl to roe t./;t 'be th.e..~...........................Secretary
at Lhe.................... ~.""." ~..................~. ~.":." ~.-................................................. ~"""".......,.....................................
the -Col'lJom._tian 'Lhat executed. thewi..thin ;Instrument, ~own to me to be 'the persona .....~o executed Lhe;'withiri Instrument, on
behalf o(,'the',Corporalion t!:t:erein named, and 'acknowledged to,me that such cororstion executed Lhe 8ame.
abo~I::tle:r,5i;,;WIJrrrOI. I ha ve,h, ereunto ... my hand and affixed my OC(fie;al ',eo, ~e da~ and year in th;. certinca'e nrs.
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;=-----.--------OHICIAlSEAl! . , '
! .._-~ J, COLSON., : \, . , _
!.t " Notary.p"blICC;~~a ! .........................,....l.~~..........................
' ORANGE ,",' , 'bl' .I -d" 'd Cd'S'
: ,', M CommlSslOn'E~f.es~oa, .11:1.98:8 : Notary Pu Ie ~',an,lorlsal "_ ounty art L _ate.
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