Subordination Agreement 1988-288138
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RECORDING REQUESTED BY:
C+'3?"': .Of F.OUA.~
TICOR TITLE INSURANCE COMPANY OF CALIFORNIA
AND WHEN RECORDED MAIL TO:
i9Ba JUN 16 AM 8 OS
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CITY CLERK
CITY OF POWAY
P.O. BOX 789
POWAY, CA 92064
(This space for Recorder's Use) NO FEE
ft~". 3dl'~eO-30
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under Deed of
Tru~t dated January 27, 1986, recorded in the Office of the County
Recorder of San Diego County January 30, 1986, File No. 38004, 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 I, hb les
and affects the real property described in
, File No. ~~ - J 88/36,
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 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:
R/W No.
Exc. No.
Project:
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By:
ARY:Hawthorne Savinqs and
Loan Asspciation
NOTE: ALL SIGNATURES MUST BE
ACKNOWLEDGED NOTARIES:
Use proper form attached
o~ staple appropriate
form thereto.
By:
~~OP
1~v~
This 'llstru~'Jilt filed for rGcord b.11icor Title
Insurance comnanv of en, ( . '
has 40 b ~ ," '; (.! ! 0. iW) as an accommodation only. It
,ne, e"n exammed as tu its exectttion or as
to Its effect upon the title.
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'CAT. NO. NN00737
"'\'TO'21945 CA(1-831
",(Corporation)
(!B TICOR TITlE INSURANCE
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STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
On JUNE 15. 1 988 before me, tbe undersigned, a Notary Public in and fo.<
said State, personally appeared **JERRO GrSUI<I**
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 TREASURER
~,and
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 me that such corporation executed the within instru-
ment pursuant to its by-laws or a resolution of its
board of dir~cto
WITNES and an
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@ PATRICIA L. MER01H
" " Notary Public -,Callfornlo
&. I PRINCIPAL OFFICE IN
'.~ ORANGE COUNTY
My CommissIon expires November 211990
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Signa
(This area, for official notarial seal)
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STA"T'E OF,.......,.,......,........-,... 0.;...,....
County 0(;'......,... ::. ,; .~... ..~'.~:~.... .;~~........
lh\s-'lnstrumenHiled 10,' record by Ticor Title , n
Insurimco Company 01 Calilorrlla as an accommodatlo,...
"",' , ' 1<oS'ilot been or-amined:as to its exec~tion or as
PARTNERSHIP Fq~~h effect upon the title,
}~.
On, ~h! 8~'....... ....... day or................ ~~ '_' ~.~ ,~......, A. D.. 19~..... .before me..................... n...................... h...... ...............
s t:Jotar:Y'~~lic)n. and (or the said County and',S_late~:i're8iding therein, duly comrnissione~ and sworn, person811~'appeared~......
.................~...............~..........n........................-.............. known. to me to be ,one of the partners of the pal1..i:1ership that
executed'ithe within instrument, and acknowledged' to'rn'e that's.'uch pa~nerSihip:e~ecuted the, same.
In Witness IDbtl'tof, I have hereunto set my hand and affixed ~y official seal the day and year in this certificate first
above written.
.........................;.....~.............................,....................
Notary'Public in and foc said County and State.
.
,
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, GENERAL FORM
STATE OF,...................................,.... }
ss
County cif........ ........ .....................~....~
On this.................. ..day' of..........~.... .'.-.. ...... ..... .A. 0.. 19....... belaTe,: me..............................~........... ....................
a,Notacy Public in and (or,the said County'and:,'Slate.residinlj therein., duly,commiss'ioned and sworn. p~:pr~onQlIy .appeared......,
"
............ .-. ~........... ............................ '.. -..; "':''' ................................................................................................. ',. " ..~'
personally k~own to me to be the person......whose name .......................;...;subscribcd to the within Instrument. and duly
acknow!edged to me that..........he..........exe~cutedthe same.
31n Witntss Wbtrro(. 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 Public in and for said County and State.
CO RPORA TION, FOR~I
Cal~fornia }
STATEOF......Or-.ati' ';0;..'................... . ,.
. County 0(..................9'.........,..,............
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,15th 'June 88 J. Colson .
On thlS....................day of................:..............\.O.. 19....... before me............ .......... ........................................
a NotarY Public in and for, the said Coumy and State. residing'therein. duly commissioned and swom....P.erson~lly appe_sred.......
**DORLENE KISER** , VICE,
:;:~.............W.~..................................................:..................,....:........:....................................:...,.........................~::::, ::,,: ~,::............:..~::.;......:............:..:..:.....~::~~::
of the.............................. ~.............., .......:...........~............................................... .,........... ..................... ................
the COllloration that executed t~e within Instrument. knO"'!'ll tome to be the' persona who executed the within Instrument. on
behalf of the,Coip_oration: ,lherein,named. and iacknciwledged.t.o me that such Corporsti~n ex:ecuted the samQ.
,1111 W~rncss WI]rrrot._I' have"here.unto. set my hand and affixed my official seal the ay and year in this certificate first
above written. .......____.....;~-.._.;...._-.._...
" j ~-.----OFFICIAL SEAL l
" : "-'. .J, COLSON, :
: . .,.' , ~~ NotarY' P~tillC~' Cautoml~ :,
i~' 'ORANGE COU!!U' , !
",: ',. 'M{CommISSIQrl Explfe,~ ~~)~'~~;~..r
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......................................... b~tU~.......
Notary Pu~I,ic in ~a, ~orJ ~ County and"Stale.