Subordination Agreement 1988-243933
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Jli.cijIWING REQUESTED BY CONTlNENTI;I; IAND'TlTLE
RECORDnIC REQUESTED jjy:
THE CITY OFPOl',i;y ,
WliEli, RECORD ED HAIL TO:
THE CITY, OF POl-lAY
P.O. BOX'Y89
88-14--3'1'33
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,NO FEE
P,OtiAY" CAUFOP.1lIA
9'2064
THIS SPACE FOR RECORDERS USE ::
.
SUBORDINATION AGREEMENT'
",.
- - -FOR VALliE~REcErJED, the undersigned, as Beneficiary under a' De;';d- of Trust: dated
April 28. 1986 J recDrced, in" the ,Office Df, the CDunty R~corder Df'San Diego
CDunty July 2e 1geo , Pile ND. 86-')11976 , and asm.mer and hDlder of the
obligaciDns thereby secured dDes hereby make subject, and subDrdinate the liens thereof
tD che E.:lsement granced by Wi l'burn G. Donahoo and LaDonna J. Donnahoo,
fulsband and Wife as Jolrtt Tehants
tD THE CITY OF POtJAY, it being understood and agreed that foreclosure of said Deed Df
Trusc shall no"c affect, defeat Dr'render invalid any rights under and by'vircue Df
said easemenc, and said ease:!lent 'shall be paramDunt and superior tD the rights Df
.:lny' purchaser under a fDre'closure Df 'said Deed Df Trust.
Said e2.sement "as recDrded .concurrentlv , File ND,. herewith
t~e'realprope~ty deseri~ed in said Deed of Trust.
, and affee~s -
.
j'The undersi:;ned Beneficiary Df said Deed of Trust declar,es .:lnd acknmdedges chac ic
"\. hereby inc~nciDnally '''~ives, relinquishes, ,and subordiha Ces the prioriti2s and,
, super~or~t~es Df Cr.2 l~en and char3e Df sa~d Deed Df Trusc upon the land desc=~bed
therein in f.:lvor Df said easement, and chacic underscands chac in reliance upon and
in_ co.nsider=1cion of "chis i;;;a;j..v,e1; ~ relinqtiish;::'~!1~, ,and, s~bordin3cion speci'fic .monetary
?_r:!q 'q~_t:~r_ :,~.~~:i.:~;:icions "'.J:ill, ":l.e ar..~er,e_d. .:..:u:o ;:;y !~i=::i ,Par,t:::.es ~.;hich p.;ould no,!: 0.13:. mZi.~q,~':
or e'h"cer,eq,',i.:lco. ~ut for saj:dr-eli.:1nce ~nd ::hc' e:.:ec:.:.:ion 5y Seneiiefary of' this w'~fiver,
.rel"i::q'uish:::enc, -.:nd stibor::i'i::'.:it:.an..
'O'.:ltcd:
'March 28,;' 1988
:::::?ICL'""Y: MITSUBISHI BANK OF CALIFORNIA
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R,/~] ~:o...
E:.:c. ~:o.
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President
P=ojeoct:
3y:
,,0";;.: .'.LL SIC::;,TU,,:S ;'lUST 3E :,C::'::O:,1.:JCCJ
::OV_U:S: U~" prop"r far-::! .:lCC;1ched
~ Dr sc;ople 3pprDp~i.:lce
rar:l cht::I:'cc:o.
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Slateo!
County of
California
San Diego
} Ss
OFFICIAL SEAL
CINDY S, GARY
NOTARY PUBLIC CALIfORNIA
PRlIJCIPAL OFFICE IN
SAN DIEGO COUNTY
M~ Comn;ission E~p, Nov. 23. ]990
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CO~POR"TE ACl\NOWLEDGMENT FORM MBC-MISC-5Q5
.
'''-1948
On this the 28t~ay of
Cindy S.
88
19~, before me,
March
Gary
the undersigned Notary Public, personally appeared
Floyd E. Tiderrnan
personally known 10 me
proved to me on the basis of satisfactory evidence
be the person(5) who executed the within instrument as
ice President oron behalf ollhe corporation therein
amed, an~ acknowledged to me that the corporation executed it.
ITN~nd official seal.
Notary's Signature