Subordination Agreement 1988-348063
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L98B JUt 19AM 8: 03
I jEH,~. L. i..YLE... I
Ll?UrilV HECOfWE2-J
The city of 'powaY',
Post Office Box 789
poway, ,California ;92064 ,
THIS SPACE ~OR RECORDERS 'USE
NO FEE
S\!)30RDINATION AGREEMENT
FOR VALUE RECEI)TED, the undersigned, as BenefJ,'ciary under a peed 'of
Trust dated May 23, 19,8.8, recorded in the, Office. oJ the county ,
Recorder of San' 'Pf,ego, tounty 'on ;May' 25, ,1988, 'I":i:le; No. 88-,245429.'" ,and
as owner; and hoider ofthe,obligati6ns tnereby secured does hE!repy
make sUb,ject 'and subordinate the liens thereof to ,the ,Easement granted
, by'ES1?<JIA VISTA ESTATES, a CaLifornia' General partriersh'{p to THE :cITY'
O~ 'rf9WAY, it being understood and agreed' that foreclosure.of said D,eed
of ''l'rus~ shan not affect, defeat or render invalid any rights under
and by 'virtue of said easement, and said easement shall be paramount
arid superior to the rights of any purchaser under a foreclosure of
said Deed of Trust,. '
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?aid easE!ment wasr:ecorded 1- ['1- 88 ' ,F~leNo.. glS'';3i8t1~and
.affects'the real Broperty described in said. Deed of Trust.
The undersigned Beneffciary of. said 'Deed. of Trust declares and
acknowiedgesthat ;ttherebY' fntentionally w:aiyes, rehnquishes', and
,subordinates the priorities and superforities of the lien and charge
of said ,Deed of Trust u'F9n,lhe.;land described therein,.in favor of said
eas~ent, and that it understan!,!s that in reliance, upon and 'in '
con?i~er,a,ti~ll of. this. waiver, reli':lqUishment', ahd. subordination "
specific monetary and other Obligations: will be entered ihto by Third
Parties which would nOt be made or entered into blit ,for, said reliance
and the execution by Benef;tciary of this waiver, relinquislinient',:and
subordination. ' '
R/W No.
{iEXC. No,
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, , ProJect.:
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Beneficiary: The Bi'inkof Rancho, Bepnardo
ACa1~fornia Corporation
By: ~(j:J ,~- ~-
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By: '
Dated:
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NOTE: .ALl:.. SIGNA'):'URES ,MUST BE ACKNa-ILEDGED
NOTARIES: Use proper form attached
or :st9pl~apPJopriate
~form' thereto.
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CorporatfOn-ACknowledgment-
J SS
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
On July 11, , 19~, before me, the undersigned, a Notary Public in and for said County
and State, personally appeared John f). Gonnennan , personally known to me (or proved to me
on the basis of satisfactory evidence) to be the RxPrllt-ivp Virp. ,President, and
N/A , known to me to be the N/A Secretary of the corporation that
executed the within instrument, and known to me to be the persons who executed the within instrument on behalf of
the corporation therein named, and acknowledged to me that such corporation executed the within instrument pur-
suant to its By-Laws or a Resolution of its Board of Directors.
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WITNESS my hand and Offl~'al S"";In
"- QA 41 c?~ /1/1('}20
otary ea
. OFFICIAL SEAL
: '. THERESA l. ARANDA
~ ., : NOTARY PUBLIC, CAL(FOR~I:'
I SAN DIEGO cout\'T\
","' My Comm, E'pjr~, Jon, 23, I'IQ(L
Notary Public in and for said County and State,