Subordination Agreement 1988-348061
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RECORDING, ?.EQUESTED BY:
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TIlE CITY OF PO:;AY ,
I' ..'lEilA L. L(l!:, I
~UNTY P.ECORDEH J
WHEN'RECORDED ;'LUL TO:
THE CITY OF pm,AY
P.O. BOX, 78i:J
P,O~,A.Y, C\LI?0?2HA.
92064
NO FEE
THIS SPACE FOR RECORDERS' USE
,
SUBORDINATION AGREE-rENT.
FOR VALUE RECEIVED, the
'Ji1n'larV, 13. I<):~.q
County of S'ln Dicryo
obligations thereby secured
to the E~sernent granted by
undersign~4, as Beneficiary under a Deed or Trust dated
recorded in the Office of the County Recorder of San Diego
, File No. 88-02712-3 , and as owner and holder of the
does hereby ",ake subj ect, and subordinate the liens thereof
PO',;3V' Count"v Plaza, a California Lif.ited Partne'rship.
'to TIlE CITY 'OF POI-lAY, it being' understood and agreed that foreclosure of said Deed of
Trust shall not affect, defea't or render invalid" 'any rights und'er and by virtue of
said.c.:lse~.ent, and said. easer~ent. shall be P<1L:lr:!OUf.lt ;:!nd superior :0 the rights of
any pur.,chaser under J. fo.r,ec'lo~ure or said Deed 0 f T:'l.i'S't.
Said e.J.s'ement \.;a5
the real prop~rcy
recorded 7-l'1-88
descr~~ed in said Deed of
, File
1l0.8''i?- 3i(.'i{o(Po
J and af::ects
Trust.
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The undcisi~ned Benefici'~:;.-y :of said Deed of Trust declares' .:lnd, ack..'1o:,,'lt::dges th3.t it
herebY intentionally ~"aives, ~rclinquishes J .::md siJ.boid-inatcs the priorities and
superiori"ties of the lie,r:t .:uld Ch.:lI:-ge' of said Deed of Trust: u?on the 1.:i.nd described
therein in favor of said '~ase~ent'J and that it understarids that in reliance upon and
in. considcr~tio~ of this ~alverJ relinqui5~~~ntt and subordination speci~ic t9nctary
and other obli~.1tions -...,rill ,be entc~ed .:.:-:to ':,y T~i=-d' P3.rtics: '..;hic~ '..;ould ~ot b~e made
or entered into but for said rcli.:lnte .:lnd the e~ec~:ion by' Seneiiciary of this ~aiver,
rcli:lGui~~~c~;, ~nd suho=ji~at~0n.
D,Hed':
Ju1v 7. 1988
::::::::? ICL\,,',: GIRARD SAVINGS BANK, a
California corp6tatlon
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::OV..'UES': Use proper for",:! t cached
or st~ple appropriate
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STATE OF CALIFORNIA
COUNTY OF
ISS
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On / q fj before me,
the undersigned a Not pugc..<n and for said County, and
State,personally ppeared JJ/~ Yh~
personally known to me (or proved t ~~ on sis of
"(satisfactory evidence) to be the ,I.L President
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and personally known to me (or
'-'proved to me on the basis of satisfactory evidence) to be
: 'he person who executed the within instrument as -
Secretary on behaif of the
corporation therein named. and acknowledged to me that such
corporation executed the within instrument pursuant to its
bylaws or a resolution of its board of directors,
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Signature
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WTC WORLD TITLE COMPANY
FOR NOTARY SEAL OR ST1l.MP
OFFICIAL SEAL
. ANNETTE J VECCHIO
0!/&Jt~CTARV PUBUC-CALlFORNIA
~ Sfr,N DIEGO COUNTY
I~Y "COMlI. EXP. FEB. 23 1990
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