Subordination Agreement 1987-249591
0') ,
95'
:87.0"4"9""<91'/
w:~\, ~ ~iJ~. ,1, __....._.
r ' i~U;O;HJ[.fJ Iii I
OI'FICI:,L n2r;()I(D~j ,
OF SAN OIl'GO COUNJ y,I:,;,
.~ ~, .
'.~\ ~~'.
,'\~"''t'':'1
,;":' -./
I') ,-t
<
TilE CITY OF Po\.jAY .
!9f!7 HAY -6 IPM 12: 35
I _YEPAL.LYi,E.." I ___
~UNI YI([(;OilOf~orD
RECORDING REQUESTED BY:
lillEN RECORDED MAIL TO:
NO FEE
TilE CITY OF POI.jAY
P.O. BOX ",789
POIJAY, CALIFORNIA
92064
THIS SPACE FOR RECORDERS USE
SUBORDINATION AGREEMENT
FO? VALUE RECEIVED. the undersigned, as Beneficiary under a Deed of Trust dated
, August 22, 198., . recorded in the Office of the County Recorder of San Diego
County 1111<]11"-1- /1, 1 gRe;. FileNo. R'i-107513 , and as owner and .holder of, the
obligations thereby secured does hereby make subject ,and subordinate the liens 'thereof
to the Easement granted by
Green Valley Ridge Estates, Inc.
to.THE CITY OF POWAY, it being' understood and agreed that foreclosure of said Deed of
Trust 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 Mi'lY fl,' 1 9fl7 , File No. R7-d-L/9 Slf7 ' and affects'
che real property described in said Deed of Trust.
The undersigned Beneficiary of said 'Deed of Trust declares and acknowledges that it
hereby intentionally waives, relinquishes, and subordinates the priorities and
sup2,rioritics of the lien and charge of said Deed of .Trust upon the land described
therein in. favor ,o~ said, ~ase!!lent.,.. and that it understands that in reliance upor.. arid
in. .cons1deration of this waiver', relinquishmi2.nt, and subordination specific mone'tary
~nd ether obligations will be. entered into by ThirdPart.i9s which ",'culd not be made
or enter.ed into but for said reliance 'and t:he execut.fon by Beneficiary of this waiyer,
relinquishment, and subordination. '
DNed: 'March 2'.4, 1987
BENEFlCI/,RY: pALOMAR r.RADTNr. ANi> PA1TT'lC.,. INC.
R/~...l No.
Exc. No.
,Praj cc t:
~~
By: ,u _~_
By:
NOTE: ALL SIGNATURES NUST BE ACKNOl-lLEDGED
NOTARIES: Use proper, form attached
or staple appropriate
form thereto.
.:
"'-' "
.,.,
..' ~,~!;a-~:i;'"' ~,
\.j~""
.
o
958,
.
STATE,OF:".,.".,...,....,.."...,.."""."". .
COUll cy"of;.. H'...........:...........,......,......
} ~s
PARTNERSHIP FORM
On ,Uii s.... -. .... .." ..day, of.. " ......... ....... '0... ..1\; D.. 19... ... ,before me,_... _. ........ ....... ............ ..... ....... ... ........;......,...
a):Jotary Public in ~d for the said County, and ,State. 'residing therein, du_ly commissioned and sworn, personally appeare~L_.,...
..............,....-.;.........;..:.................................................. kno....n to me to be one of the p8,rtnera of the partnership that
executed the withi.n~:~instrume.nt. and Bcknowledged,:lo me that such partnership ,executed lhe B8~e.
.1J11 Witnes.s li/hrnof. I have hereunto set .my hand and affixed my official seal the day and year in this certificBte,first
above 'WTitten.
. ......................... ........... ...... ........ .....~. ......... ....... ........
Notary 'Public in':and for said County and State.
"
GENERAL FORM
STATE OfF',........................................ } ss
County 0 ...........................................
On this '. ....,... ..........day of... ... ........... ....... ..... .A.D.. 19....... before, me, ... .~.............. ... .... ..... ..~...........u. .,........ ...
a,Notarr Public in arid for tbe said County, and 'Slate, residing- therein, duly commissioned and sworn. personally appened......
............................ ~............................................................................... ~................................................ ........
personally known to me to he t!te ,p-erson.~....whose name ...;........................subscribcd to the within Instrument, and duly
Bck'~.iowledged' to me that..........he;.........executed the same.
]11 Wicnrss Wberrot;} have hereunto set my hand and affixed my official s~_al u'e day and year in this certificat.c:'flr'st
above written,
.............................................~....................................
Notary Public in and for said County and State.
CORPORATION FORM
"
" , . CALIFORNIA }
STATEOr...'SlIN..DIEGO..'.........,...... 's.
Count~ of. ._.........................~.......... .....
,,24th MARCH , MERNA S. PIRLET '
On thla........~..,........~d8y of..............................A.D~, 19..&7. ~efore me...............:............. ...................................
aNotary.,Public in and for'the said COW1Ly and State, residing therein, duly commissioned arld 8wo.nl,'perf:ionally eppesred.;.....
.......ELDXD..WILKUlS.QJL...........................................:.........,..".knoWn to me to be th.;...............,............P"'.ident
and. ....... ...... .....~ .~,.~.~..........,~.............'....... ........ ......... .................. knov.'fl to me to be the.~.=:==-=-.-=-::. .............Secretarr
or th... ... ;........... PALDMAR. .GRA.Dll.G.. &.. P.AY-ING. llC....................... ..............:.......,............................................
the CorpOration that -e'ncuted the within Instrument. knoWn' to me to be ~e' pe'nona who executed the within Instrument, on
behalf ot the Corporation 'therei~ named.. and. 8cMowledeed to tne that such Corporation executed the same.
]11 Witness lVl)rrrot,1 have hereunto eel my hand 'and afrixcd my official s~el the ,dayand.year in this ~ertiflc8te first
abOve.: written.
OFFIGIAL SEAL
MERNA S PIRLET
~OTARY:, P'UBllC,. CALIFORNIA
"" / SAN OICGO couri"rV-
l"i?"~ My c-rj-mm.. ',expires..AUG:IO 1987"
:;:-:~y-~.:-.-;~".>~~--'-.--..:-':~>~,
Public in and,"for said','County-and *l~te.
I
I;