Subordination Agreement 1988-345882
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REC.oRDINGREQtJE~TED BY:
ISOO ,JIJL i8 Al~ ll: I,G
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,THE CITY ,OF ,POWAY ,
WHEN RECORDED MAIL TO:
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U,?UHl Y1~t:~;Uf~.Df~\:
,THE CITY .oF ,POWAY
P.O. BOX,"
POIIAY, CALIFORNIA
92064
flIOFEE
THIS SPACE 'FOR RECORDERS 'USE
SUBORDINATION AGREEMENT
FOR VALUE; RECEIVED, the undersigned, as BenefiCiary uri'der a Deed of Trust dated
February 26", 1988 , recorded 1n the Office of the County Recorder, ,of San Diego
'County Feb~uary29" 1'988 ',' ~i,le Fio. 88-092355 ,and as owner and holder of the
:obligat'ionsthereby secured do.es'l1,!,reby make s~bTE!cta!l,d ~ubprdinate ,the liens thereof
to the Easement granted by BOTHWEtL INTERNATIONAL., lTD.,. a Cal iforni a Liniited
Partnei:shi p ,
to, THE 'c:i'F{ or POWAY, it befng',understood and agreed 'that foreclosure ,of said peed of'
Trust shall not affect ,defeat'or render' invalid any ,rights under and by virtue of
said easement, and ',j"~id easem".,nt sh.Ill be paramo,;lUJand superior to the rights of
any purchaser 'under a foreclosure of' said Deel:! of Tru.st.
Sai:d easement was recprded, 'l-\~~'bO '
the real property described in sa;i.d"Deed of
The, undersi'gned Beneficiary of, said, Deed of Trust, ,deClares ,and acknowledges that it'
ii';reby, :intention:'lii,. waives, ,r~li.nquishes ,and subordinates the prioritiesa~d
superioriti'es of the Hen and'charge of s'aid Deed of, Trust upon the land, described
therein in favor of 'said easement', ~nd that it ond';rstanc!sthat in reliance upon,and
i,n;consider.ation :of t,his waiver, relinquishment, and subordi'nation, .specific monetary
,!!)d ,,,t.!1,er obligation~ wili be entered into by Third'Parties whfch would not be IIiade
Or' 'enterel:!, 'into but' for, "a:i:d .relianc.e and the execution by BenefiCiary of, ',this w'aiver,
reTi-I1:q~jiishmeri'tl, arid' ,'subo):dinatio~.
. File' No. '0'03':\ ->'e>B\
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Dated:
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BENEf-IC'IARY:' . . ..., .
CF POW)iY;; LTD. , a Ca Iltornla Ltd.
By' C:y:'~~=:
R()mi kM., Keban, Vke Pres i dent
By: !
'PtnSh'p.
D::aV"+n~r
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NOTE::
~LSI'GNATURES ,'HUSTB'E ,ACKNOWLEDGED
NQTARIES: 'Us'e proper form' 'attacli"ed
ai .i~pleappropriate
form thereto.
Parcels 16, 17, 18, 21 and 22 of P.U.E.
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STATE OF CAUFORNAA,
COUNTYOF ::,an uleqa
,') JUL.'! /9,fR
Rami k
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155.
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1923
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.I ' personally known 10 me (or proved to mean the
. I~ ,-basis of salisfaclory e,ideneello be Ihe persons who e'eculed Ihe wilhin inslcumenl as_ vi ce pres i dent
)..... ~:f ~1i;~l:irtJ< ~~~ on Dehalf of
-c 8 J CF POMERADO, INC.
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"~ ~ -.~t1ie corporation therein named, and acknowledged to me thai said
! _~- 'corporation executed the within instrument pursuanl to its by-
. ~ laws or a resolution of its board of directors, said corporation being
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said State. personally appearerl
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, ,before me. the undersigned, a Notary Public in and lor
Kesian Yal\iJ:
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....0.... My Comm, Exp. NQ\I, 16, 1990
OFFICIAL SEAL
KATHLEEN E, SMITH
Notary Publlc-Galilornia
SAN DIEGO COUNTY
known 10 me to be the general partner of
CF POWAY, LTD.
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the limited partnership the. executed the within instrument, and
acknowledged to me that such corporation executed the same as
such panner and Ihal s pannership "~C~led I/m~. ,
Signature ~
(This area for official notarial seal)
Smith
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