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Subordination Agreement 1988-348052
". ".~, :"i'~; ..,~.:~?"'-;; ~ ... :~''''. ... 1"1 " t/ , . v 217-8 . 8/'1 :,tj- 34 8tOi5;2 ,---.- '/ --:';f ,rtt~'~~:fH~"f ~~~, \~4'1 ,j'f< '. J 'jl -'''i --,,, ;. -J' , ~-'. . I .- ".1 ~! :.,:; t.,~,tJ~n "f.{:.\ j RECCRDt..;C~' !'..EQli':oSED 3Y: mSB JUL I, ~ 'I.! 8 o~ ~ E<" ' J THE CITY OF ?O~;;,Y ,~I'I,L\P':: J-:;",:!LC. r .COUIi1 "/U""""-', f ,- ._.<...~l~-el ,\-/HE;, RECORDED ;'!AIL TO: THE crTY OF ?O~lAY P.O. EOX,78~ PO:;AY. CALEO?..:HA '92064 NO fEE THIS SPACE FOR RECORDERS USE . SUBORDI::ATIOIl AGREEMENT FOR VALUE RECEIVZD, the unders}:gned; as Bene"ficiary under a. Deed of' Trust dated "April 22. 1987 . recorcedin the Office, of the: 'County Recorder of San Diego County May 29. 1987,FileNo. 87-2%567 .. and as owner and ,holder of the obligations thereby secured does ,h'!'''',,,by make subje'ct ,and subordin'ate the liens the'teof to the Easement granted by FREDERICK'T. VON DER AHE to T!!E CITY OF 'PO\-IAY. it ~eing understood and agreed that foreclosure of said Deed of Tius t: sha'll nO,t art,ect, _g~feat or -render i:lvalid 'any ri;ghtsunde~ and by .-..;irtue or 'said cn.~_e~.l2I1t, end said ease::ent sha11 :,e ?:n~2.;:o~n!=- ~ri:d su?e-r"ior: :0 the =ignts of .JrlY ::u~c:-:;J.ser ~:::::er a ::Or.2C.'~PSU~~ -or said Deed or 7::-ltSt. '$i1id ~:"!.se:.:cnt ',~'~'s recorded' 7~'lq-~g ?'il\~ ::0. ~g-3i.fq05.a J .::.nd <lff,ec:s t;~e rc.il pro?e:-cJ dc.sc::-::::.eci :'11, s.::.id D~2d or _=-..:sta 'I'::e ~Lldc:-.si;r.cd 3Cflefici.2r:? qI s,aid. r.;eed or -=-::-~5t ,cce,l.::!.:::es' ':::1Q .J.ck..-:;:;.....lu;;;es t~.:J.tit .hereby' intcnc.:"c:-:'.Jlly ~~'ai'~es'" - _=:i:?:.iiLlqUi-S::'e.s, ':':1d subo=di:'::la teS t:,e ?-r-i:c:::,i ::"2.S ,:ind su?er'iorities 0:: the J)!en '.;.nd 'ch:lrge or 'said J2ed of '1:=_,:-;s 1: , u?on t~e l'and described therein in favor 'o'f' .said ,eas,e:;Jent', 'and that it ,u;l_d~rst:a''Pds that iri reliance upon and, in_ consid'eratio;1 of this --"cii'\,;~r,t 'relinquish..::'.~:lt, '~n"d '~~Q_Cir,di;lati:on speci.:ic; =onetary and ct.~er obli;:lticns ..~ill ~e ente:.-ed i:1:o =:-. -:;-::i::.::. ,?,:frt-::'<2s .,:hie':1 ~.;ou-ld ::ot be o,aae or entered :':-:':=0 ":Iut" 50r said :-cli.::lr:ce .::!.nd the e.:.:e.';'-"::':bn '.;Jy 3eneiiciary of' this t.1aiver, reli::_ctuish:::enc, ':::1d su:::o:-:i-i::.:it::'':::1. :J.J.t~c.: May 12, 1988 - -.,._--_- ~,."" - ,'.',7'.:'- . --.'-- -"'~--'-' SECURITY PACIFIC. ,MORTGAGE AND Ro:AL ~SlAn;, ':;"'t<.V'.l"r.~,INC. , A DELAWARE CORPORAT,lON' ?r,; ::0" ::.:c. ::0, ~):oj'~c: : ~l~ VIcE PRES ;EN,T : ;,;0::: ..'..l.L :>:G::.....~t;:::.::.s >!L:SI '::E .::.C:::':':O:,1.Z:;c'::J "6t,;::JT;.,~'~ U'n "r...:lnr' F-' -- . d' .' ~_....-..... ...~.l....l".... '..9r::I .J.t.t.:lcnc. o~ st~Rle 3ppro~ri.J.te ~b['~'i:.h~rc[o~ 1 ;. . "," ."'''- r.;:'t.. .,.",....~:'-:~.:..'~<.....- I." ,....or ',\. , I />. .~ -, . , ~ 21'. ~S::E'O~:.~::::::::::: :::::: ::::::: :::: :::::::::::: }~. PARTNERSHIP FORM person-ally k~o\1lf.l to me to be t.he!:- '_rsC?n~.~~.~_~who:se name..........'..........~.......subs-crio 8t;knowleaged 'to me that........., ~.........executed :the same. v.e '~-e~e.u,rito :,,se~ myi/haii.d and: affixed- ~y offi.~ial seal the ........ ......day or..... ......................A.,. 0.. ~9,...... ,be"rore"ri!e;,. ......... ............. .... ...,. ',' ............ ........ .;......... ... '8 ~olary',Pub1ic " and for the'said County and State. residing, therein, dlif~'~~omini8s'ioned and swom';',pe'rsona "appeared...... ......~;..........:....... .....................................................:... known to me to be,l,one,of the partners',ofi e partnersh_ip t.~at ment.~ :ancLacknowledg,ed to me',thal such ,partnership' execut.ed the same. ve he-r'eul1to set' my hand and aJfixed. my ~fflc.i_a~ above wri tten. ............................................... 'STATE OF."..-.............................-...-.... } , County o(.................~............~.-;;.:;'..,~... . 'ss On. this/. .......... ..n...;day',o(.~~ .:. .... ........ ..........A.D., -19....... before ....................... .... ......... ...........~.............u; 8 No.tary Public in,and~(or the sa'id:County d'.State.'re-sid~nG' therein; du1.Y'cq~'rn sioned and sworn, personally appeared...... ...................................~....... ~'-.- ;".-~~.';". . ~.-... ...................... ............................... ..... .......................... ........ .......... ..'~ within Instrument, and duly above wr-itten. Notary PUblic i~ an~d,forsaid County and Slate. CORPORATIO:-l FOR~1 STA TE,'O~", :~~P.F.!?~NJb,. ,.,. ..'.,... }, CountY.of...J;.OS,.J\Nl;;.ELE.\>.,...,......:. ,55 ; ,12hh ,MAY, ",',' 88, SUE:::HENWOOD ',' ' Qn,thJs......... .......... .day of...... ..., ..~...... '~...~.',". .A.D. ".19.. '"..,'. be{o.re ,~~. ....."..'..,...... ....... ...... .......... ................ ..... aJ~~,t8!y...,?Ui?Fc; !'ni5.nd~for ,the said CounlY and 'State. residi~g:ij,erejn.:a:ul.Y commissioned,'and sworn, pe:!sor,tlilly. app'e8r~d....... ........AN.I.1;A....ROl;;.L1,Cll..........,.......,...,............-.-;.....,.,..........,..known to me to be the..........v.tc.i;;..........President aiid.~,.-.....:.~;~...~-'.-;_~..... ...... ...,...... ........., ....... ..... .... ........~. .......... ~~..._;'~ knoWn to 'me to- be the.. .......;.. ~_....~. .-.. ;-....;; .Secretary or; the..... .SE.6. W~J. r. X.. ]~i'\:.c..u: .:I',Q,,!';1. QR+.Qb,G.f;.-. .:tIN.!!.:: ,~.J;:.b.t.'r.-'l';'.:R,~.~ 1-:J :C;::~ .$, l.,:;J; .t:I.c;:::.................,............. ..,:. t.!Je ,Corpora-don that executed.,therwitltin .rn~u.Yment. kn,own (0 me to.~, Ul_e 'p~rso~8 .who ,executed ,the within:'instrument, ,on behalf 0't'the;Corp'o_r8~i~n' t.~(erein':riamed. 'and adUlowledged':to me lhal"such,'Corporstion execute~d.,:the sarno. 1111. .lli!tn~,55,~l)JlJrfroi.,;1 have hereunto set'- my hand and affixed, my official' s,e'al the ,day ,~!l,d,ye~r, in this ~ertificate first" ,.~ _ ~ bove, wr-i tt.e~..;.;;....,.' : ,-- '.e,:" 'C 'd,':',,~;I,LSEAL .. ~":; '. S"l',!C''::,'',f,''WOOO:, ;. ~'l ;f(' p" \ ,q" ," ,--" " I!~:!!';:! ,)"NOTI'!1Y ,PU6llC,PALlfORNIA ., \\. ,6,;~/ ' IO,SANGELES ~OUNlY . ~f:'~~~., M~;~Cl"i1_T~~U!OIl ,t~pmlS,A~g,.,29, 1~89 , ~,', ~~ ...............~_...,:........~.~............... ~................... No~ry :Pu.bl i~ iri..lind.:~or"9nid.'Co~rily, and Slate.