Subordination Agreement 1988-288139
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RECORDING REQUESTED BY:
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ern OF pm,A",
TICOR TITLE INSURANCE COMPANY OF rAIIFnRr,"~
AND WHEN RECORDED MAIL TO:
CITY CLERK
CITY OF POWAY
P.O. BOX 789
POWAY, CA 92064
IlPn 3~'-"~o. 30.
.);)1-.300-..31
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1343
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NO FEE
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SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under Deed of
Trust dated August 26, 1987, recorded in the Office of the County
Recorder of San Diego County August 27, 1987, File No. 486173, and
as owner and holder of the obligations thereby secured does hereby
make subject and subordin.ate 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 purchase",
under a foreclosure of said Deed of Trust.
, O~~ 88.,)98/37
, File No~. <afh~88J3/' ,
in said Deed of Trust.
Said easement was recorded bJ/bJBh
and affects the real property described
The undersigned Beneficiary of said Deed of Trust de~lares 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 then,in in
favor of said easement, and that it understands that in reliance
upon and in consideration of this waiver, relinquishment, and
subordination specific mon.etary 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 suboraination.
Dated:
R/W No.
Exc. No.
Project:
NOTE:
ALL SIGNATURES MUST BE
ACKNOWLEDGED NOT~RIES:
Use proper ~orm attached
or staple appropriate
form thereto.
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Com an of
By:
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L. HANNUM, SENIOR VICE PRESIDENT
By:
E Y'~<!,,~ ~~.
E. HARNED DAVIS, ASSISTANT VICE PRESIDENT
This Instrument fi!e1 for recard hy TicGr Title
Insuf8nce Compnny of Cn!iiomi[j as an accommodation only, It
Iw~ oct Dean examined a3 to its exec~tion or as
to Its affect upon liw titio,
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ST A TE,OF.... ...., '..... ,0... .0:.':...,... ...." '"
County of;.... ..... ...: ~.-. ~''-''''.'.. ...'.. ..... .......
Th;s Instrument filed fur record',~y lieu; Title ,
Insurance Company olCalifo!nia as,ail,accommodation only, It
has not ber.n'-e~amined asm its e~ectrtion .or as
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PARTNERSHIPtq"-f5R~i3cl upon the'lil18.
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On ,Uii s;......~...... .day, or....... ~................... A:. D., 19......, before me,.. ._..; ..-..~........................................................
a:l'fotary, Public in and for the said' County ai:td ,Slate. residing therein, duly cQriunissioned 'snd sworn. personally appeared......
..........-....,...................:.....................,..,.....,....................... knowrlto'me to.be one of t!1e',partners of the',partners,~ip, that.
,executed the within instrumen~; and acknowle~g'ed' to',me ,that sucb partnership executed the same.
111 'Wirnrss, llibtl:rof. I have hereunto set' my hand and affixed '~y official seaL the day ~nd yeat' in this cert.ificate first
above written.
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...............................~...................................';,..............
Notary Public in.and, for said County and State.
, GENERAL fORM
STATE OF................,........................
County of..... ......... ................. ............
}ss
On this............ ........day of. ..... .... ..................,..A.D., 19....... before'~me,...................... .... .............................:.....
a Ncitarr Public in and for the said County,and:State.residing therein. duly commissioned and sworn, personally,.appe_ared......
....,....................'.........................-..;................................................;................................................................
personally kno\llll to me to be the'\person..._..~.whose name ............................subscribcd to the within Instrument~. and duly
ack~owledged 'to me that..........he.........'.executed the same.
lfl1 lVitnrss"llif)rrroc. I have hereunto set my hand and affixed my official seal the day and year in this certificate first
above written.
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Notary fJtiblic in an'd'for.said County and State.
CORPORATION FOR.\!
STATE OF,...:...CALJ.'EQRNJ.A...,.......-... }
...-. - ss
Count" or:.......o"''''N..Il.'HlGO,.........,....o.
, 14TH, JUNE , . 88 NORMA PORTER '
On, this................ ~;. .day of... ......... ...... ........... .A,D.. 19....... before me......-.. .,. ...... :.... '... ..... ............................. .....
a Notary Public in and, {or the saidCounly and State. residing therein. duly'commissioned and s~om."pers~nally appeared.......
... ...J.9H!'!. .1,.... !!M!1'!ill!...............................-...................:............. known to me ..14' 'be the~R.,.. )[;I:.(;~:. ....,. c..... Pre si den t
snd....E,...aaRW::JI..M!lJiIL.......,.....................................,....;.... known to me 14 be tlie.{\;;.;;.t~J!W?:..~~~!':..~NT
of theJJIS.\ml\\'l.~.~...~.Q)'JJ:M!X.. R~.,:~~!':,.~.~.~...................................... ..:............................ ....... .........:................
the Corporation, that._ exe.~~ted Hie, within In-atnJment. known to me to be the:'perso.ns ~ho' executed 'the within', Instrument, on
behalf 'ol'the Corporation, 'there'in nani!J:d. ,anf;l,acknowledged to me that. 8uch,Corporation'executed['~8 same.
lfl1 lVltnrss W',il'l:cof,.1 h!lve' hereuntO. set mv hrolrt nd a(f1xcd my'ocricial seal the dsysnd'year in this ~ertificate'first
sbove written. @,~ ,'," 0 FFIC,IALSEAL,
' ," ,NORMA PORTER 'n .
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Notary Public:;in'and:for said County' and Stat.e.