Subordination Agreement 1988-221747
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THE CITY OF POWAY ,
1988 MAY I! AM If: S5
GVC!I;\ L. LYLE '
COliN f'{ Ff':OPOf" J'
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RECORDING REQUESTED BY:
WHEN RECORDED MAIL TO:
THE CITY'OF POWAY
P.O. BOX,,',"
POWAY, CAtIFORNIA
92064
I '
110 FEE
THIS SPACE FOR RECORDERS USE
SUBORDINATION AGREEMENT
FOR VALUE
12/19/85
CountY 12/27/85
obligations thereby secured
to th~ Easement granted by
RECEIVED, the under~igned, as Beneficiary under a ,Deed. of 'Trust dated
, recorded in the ,Office of the CountY ,Recorder of'San Diego
, File No. '85-48837,3 , and as owner and, holder of the
does hereby make subject,and subordinate the liens thereof
CF POWAY" LTD., a Cal ifor-nia limited oartnershio
to THE CITY OF ,POWAY, ,it being,'understood and agreed that foreclosur,e of said Deed of
~rust 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 S'--i--RR '
the real property described in: ,said -Deed
, File No .INs -,dog ~/ 7
of Trust.
, and affects'
The undersigned Beneficiary of, said, Deed of Trust declares and acknowledges that it
hereby intentionally wai"ves, ,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 ~hat in reliance upon arid
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 en.tered i'nto b-~t ,for s'aid r,eliance and the execution .by Benefi'ciary of this waiver.
reli~quishment. and subordination.
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R/IJ No.
Exc. No.
Proj ect:
BENEFICIARY: CANADIAN COMMERCIAL 8ANK
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Dated:
By:
By:
NOTE: ALL ~IGNAIU~ES MUST 'BE ACKNOWLEDGED
~ NOTARIES: Use proper form attached
or staple appropriate
form thereto.
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SUBORDINATION AGREEMENT
CF Poway, Ltd.
April 12, 1988
CANADIAN COMMERCIAL BANK
By PW Liquidators, Inc., as agent and
attorney in fact for Canadi~n
Commercial Bank and for Price
Waterhouse Limited, as liquidator of
the estate and effects of Canadian
Commercial Bank
By:
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R. G. reasman
President
,c-:.....
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Its:
The undersigned hereby consent to and approve the terms of this document,
Price Waterhouse Limited; as liquidator
of the estate and effects of Canadian
Commeftial Bank
By PW Liquidators, Inc., as agent and
attorney in fact
By:
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Its:
R. G. Heasman
President
Bank of Canada
By PW Liquidators, Inc., as agent and
attorney in fact
By:
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R. G. Heasman
President
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Its:
PW Liquidators, Inc.
By:
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R. G. Heasman
President
Its:
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STATE OF CALIFORNIA)
) ss.
COUNTY OF ORANGE )
On thi:s 12th day of April ,in the year 1988, before me,
Dorothy A. 'Kuhlmann " the undersigned Notary PtJblic , in and for said State,
personally appeared R. G. Heasman, personally known to me (or ~rg\'8g to 1110 OR-
t-l ,,,,G"'''.;'3 of 3tl~iGf3~-€:v4€Jef'lee-r to be the President of PW Liquidators,
Ir;lc -', a corporation ; the corporation subscribed to the with~n in'strum,entas
the ,agent and attorney in fact of Canadian Commercial Bank and acknowledged to
me that he ,subscribes the name of PW Liquidators, lric. tl71ereto as p'rincIpal
and Liquidators, Inc. as age t and attorney in fact.
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STATE 'OF CALIFORNIA)
) ss.
COUNTY OF ORANGE )
OFFICIAL SEAL
DOROTHY A KUHLMANN
NOTf.\K'( PU8UC ~ CALIFORNIA
ORmGE COUNTY
~(,..,,;~ r: f.'y~ comm. c;i:p_;res NO~ '.12, 1991
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On this 12th day of April ,in the year 1988, before me,
8orothy A. Kuhlmann , the ufldersigned I\tltary Public, in and for said State,
personally appeared R. G. Heasman, personally known to me (or rrnvf'ri to me 00.
the D83is of (;3ti3factoIyev.iJt:ttcet to be' the President of PWLiquidators,
Inc., a corporation, the corpOration subscribed to the wi thin ins trUment as
the agent and attorney in fact of Price Waterhouse Limited and acknowledged to
me that 'he subscribes the name of PW Liquidators'jlnc. thereto as principal
t';'~d~=om'Y io "':~:gi~~~~;~~~
Or."NGE COUNTY
r.ly caOTlI11. explles NOV 12, 1991
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STATE OF CALIFORNIA)
) ss.
COUNTY OF ORANGE )
On this 12th day of, April ,inthe year 1988, before me,
Dorothy A. Kuhlmann , the undersigned Notary PUblic, in and for said Sta te,
personally appeared R. ,G'. Heasman, personally known to me fe-r-proved-te-me-eA-
thc b3si3 elf 3otighctor} evroence7' to be,the President of PW Liquidators,
Inc., a corporation, the corporation subscribed to the within instrument as
the agent al)d attorney in fact of Bank of Canada and acknowledged to
me that he subscr,.j:bes the name of PW Liquidators, Inc. thereto as principal
and PW LiqUidators.- Ihc'., as age t and attorney in fact.
OFFICIAL SEAL
DOROTHY A KUHLMANN
IlOTf.\!N PUElUC - CAL!fORNIA
O!!ANGE COUNTY
My camm. ex~ires NOV 12, 1991
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STATE OF CALIFORNIA)
) ss.
COUNTY OF ORANGE )
On this 12th day of April ,in the year 1988, before me,
Dorothy A. Kuhlmann, the ulJdersigned Notary Public, in and for said St.,te,
,personally ,appe,ared,R. G. Heasman, personally known to me .'(.or P!:'PWlg to fII0 en-
th8 93Sfs of' S'3tilifilctQry ovidcnee.J- to be the President of PW Liquidators,
Inc." a corporation, the corporation subscribed to the within instrument as
the agent and attorney in fact of PW Liquidators, Inc. and acknowledged to
me that he subscribes the name of PW Liquidators, Inc. thereto as principal
and PW LIqUldators, Inc. as agent and attorney in fact.
li~d:I;;;(4?W~
OFFICIAL SEAL
D0ROTHv' A KUHLMANN
fJO;/,r"V PUBtlC - CALIFORNIA
O&\NGF. COUNTY
'My,'ccmm. expires NOV.12, 1991
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