Subordination Agreement 1988-243934
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RECOROING R<QUESTOIl ~y cONilNENTAL LANlHllIl' ,
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RECORDIllG REQUESED iJY:
THE CITY OF pm,AY ,
'IffiEN:RECORDED HAIL TO:
rilE CI-TY,OF,'POHAY
P. O. BOX '}8i:J
POHAy, G.-\I::IFOP.mA
92064
NO FEE
THIS SPACE FOR RECORDERS USE
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SUBORDINATION AGREEMENT'
- - -FOR VALUE RECEIVED, the -und'e~sig!l'ed', -as Ben-ef::ciary-:l1:;t~de"r a,-be€d" or'""'Trust Ci'at.ed'
August, 14. 1974 ,recorce.d in the, Office of the County Retorder of'San. Diego
o CountySeotember ,.1974 . Fi'le No. 74-238049 , ,and as owner and'holderofthe.
r-."_,, obligati,on~..<r.nereby secureddo:')'sherebY uakesubJect.,and .subordinace the liens t:.hereof
, -to "che Easement granced,by .WJ<lburn G. Donahoo & GaDonna J . Donahoo,
"" j ,Husband and Wi.,fe as Joint!]'E,nants
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~o'!:HE cirl OF POI.,rAY, it bei~g: llitcierstood and agreed Chat foreclosure of said Deed of
Trust shall noc affect, defeacor'render inval,id <!nyrighcs uncie~andby virtue of
,sa:i:d coase!l\enc, <lI)-d said easem,enC shall be paramount. and' superior to che rights of
:D..ny ,purchaser und-er a, foree-rasure of said Deed, of .Trust.
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,Said easement \,as Fecorded Concurrently ,FileN'o"Herewi,th"
t~e r~al p~ope~~y descr~bed 1n said Deed of Trust.
t'Tl1e' undcor:::i;;ned Beneficiary of 'said: 'Deed of Trusc declares and ack..'lo'..;ledgeschac ic
;,t ~~_~.e_b.y :interu:i'onally ~-laives,. r:e1i.nquishes, and subordinates the pria=iti2s and
';,superiorities of the lie:J. and'char;;e of said D!,ed of Tfust upon the land described
therein in f:J.vor of ;5a~d ea_~.~~e.I:lt.', and 'that it understands tha'c in reliance upon and
,i'rt cons~,d'er:ltion 'of 't~his T".;ai~v,e:r.'.~ relinquisp....'::2:lt, .J.ndsubo:rdination specific mone.tary
,?~~ _..o.;.t;,:~:e'f._._~bli;.1.r:.ioq.~', :.J,,tll :,e.:2l1.'ce.red. ':'::1::1 __:::.~ T::.i=i ?:~r:t::'es _ ~.;hi~~, ~""'9u'ld q,q!= .~.-:3. .=,iQ.i2'
',q); ~n~te'=eq. ,iil:o .;~U'c .for, said: :rel'i.J.nce .:!nd', :::-.c'e:.:ec:.:.:::on b~.. 5re_ne'~t,cifa.t._y o'~ thi:s waiveL\,'
}iel'::':':lquish~e'nt:, 2nd sucor:ii::'.:lc:can.. '. .,. ~,
, ana affec::s
,..bated: 'Apr,Ll'
28; 1988
""""<-=TC~.',"O/' Great
..._~,L;.;. _ .J..~_~...
Federal Savin
Palomar
Western Bank, A
,'formerly
an Assoc.
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~rojcct:
..O~~: .....l.L SIG::~\7UR::S :'!U5T 3E ':\C::':.:O~'lr.L...SDGr:D
::OT.'--'1.I:S: U~Q proPQr for::: .:ltt:J.c~ed
or ~t~plc 3ppropr~~c~
iOT:1 cherc.co.
/
~ Vice,Pres.
3:r:~~)
Re~na L~son, Asst. Sec.
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STATE OF CALIFORNIA '
COUNTY OF Los Angeles
On this ? R t h day of ^ r r i 1 , in the year
1 9 R PI . before me. the undersigned, a Notary Public in
and for said County and State, personally appeared
rrnnm'~ c::: ('.i 1 mnrp personally known
to me (or proved to me on the basis of satisfactory evidence) to be the
'iT i ("' p President, and
RPSi n::1 T,RI.rc:nn
personally known to me (or proved to me on the basis of satisfactory
evidence) to be {j, c: c: -i C' t R n t
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 directors.
Signature
:.dL a.
Debbie A. Ilejay
Name (Typed or Printed)
Notary Public in and for said County and State
F. 2467 R. 11/82
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OFFICIAL SEAL
DEBBIE A. ILEJP.Y
Notary Public-Calilornia
LOS ANGELES COUNTY
My Comm. Exp. Mar. 9, 1992
(This area for official notarial sea\)