Subordination Agreement 1986-474985
~L. " . J j 144 181 .4 749;8'5
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,RECORDING REQUESTED BY:' , j G.' Sfl.HDIE~GtJ,cowdy.t::"
TICOR TITlElNSURANCE':COMPANY OFCAUFORNIA !986 OCT 2 I PM I: 34
THErCITY OF "POWAY ,
L VEPAL LYt.f\~J
'WHEN' RECORDED MAIL TO: =UNJ Y HCCOHflEjI ..
'THE: CITY OF POWAY NO FEE
P.O. BOX,'
POWAY, CALIFORNIA
92064 /d50.&7 THIS SPACE FOR ,RECORDERS USE
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, ,as Beneficiary un'der a Deed of Trust dated
September 9 . 1985 , recorded' in the Office of the' ,County RecordE!r of San Diego
County , i:i.le, No. 85- 329181 , and as owner and 'holder of the
obligai:ions'thereby'secured does hereby make subject, and subordinate the liens thereof
to the 'Easement granted by Powav Lnvestments. N.V.
A, Netherlands Antilles Corj:,bration
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to THE CITY OF POWAY, it being understood and agreed that foreclosure of said Deed of
Trust shall not affect, defeat or ,render invalid anyiights 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 record~d , File No. , and affects
,the real property described in said Deed of Trust.
The undersigned Beneficiary of said'Deed' of Trust declares, and acknowledges that, it
hereby intentionally waives'" r'elinquishes, and subordfnat'es the priorities and,
surierioritiE!s of .the lien and cliarge of said Deed 'of Trust upon the land described
therein in favor of said ea~ement, and that it understands that in reliance upon and
in, consideration of this w~ive:r:, relinquishment, and subordination specific monetary
"IUd o~the..r o)>ligations will beellt,ered into by Third ;!'ar1::l,eswhich would not be made
,or entered into but for said reliance and the execution I>y Beneficiary of this waiver,
relinquishment, and subordination.
Dated: S'e:Dtember 9. 1986 BENEFICIARY: POWA YUN I F I ED SCHOOL D'I STR ICT
R/H'No.
'Exc. No.
Project: By.~~~~A
. A ber, J. lfu 0,
As~istant up~rrntendent
By:
NOTE: ALL, SIC;NATUR.ES MUST BE ACKNOWLEDGED'
, 'NOTARIES: Usep!,:oper form attached
or ,staple appropriate
form thereto.
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PARTNERSHIP 'FORM
STATE OF,..,..........,.......................", '},
, 86
County or..... .....................;........;........ ,
,.'
On this. .......... ....day of..... ....._ ,...... ....... ..A.D.. 19...._ .,before me,......................................... ,... ....... ~~...... -, ,..~.
8,~otary.;Public in ~d for the said County and Slate, residing therein, duly'commissioned and sworn, personally.appeared......
.................................:.................................................. known to me to be one of the partners of the partnership that
executed the within in8trumen~. and acknowledged to me that such partnership 'executed the same.
lIl1 Witnrs5 Wbrrrof. I have hereunto sel my hand Bnd affixed my officiaL seal the day alld year in this certificate first
above written.
.........................;....;...........................................;........
Notary Public in,and for said County and State.
GENERAL FORM
STATE' OF"..,." ....."...'""..""""",..,.. }66
- "County'of.\... ..... ...................:...:..... ..... -
On this.. ..... ...... ..... ..day of.......... ......... .......... .A.D., 19......, before me,......,............ ... ...... ... .................. ...........
a Notary Public in arid for the said Cou!11y ~d State, residing therein. duly'c~immissjoned and sworn, personally appeared......
......................................................................................................;..............................................................
personally k~own to me to be Ui.e persoil.....:.Yfhose ~ame ........................,......8ubscribed to the within Instrument, and duly
acknowledged to me that..........he..........executed the same.
lfn IDitnrs's' Wbrrrof, I have hereunto' set Iriy hand and affixed my offici.al lOeal the day and year in this certificate first
above written.
..................................................................................
NotarY PUblic in and for said County and State.
f$"- t?~:~';. :~i '~.:'. ~':._ .~ -.. ,,'
, ~ "" fro ,jI:~ !}'.~ ~ <'1."j~A:.,
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CORPORATION FORM
STATE OF"..........,...........""".."....,.. }8.
County of. ......... .......... ......... .~...... ~.....
'.
On this.......... ......... .day of... .... ........ ... ........... .A.D., 19.: ~...' before me,...... .................. ................ .... .................
, ~ a Notary Public in and for the said_County and State, residing therein, duly commissioned and sworn, personally appeared.......
.
........ ......... ................. ..... ........... ..... ....... ...... ..... ..... ..... ........... .known ,to me..to .be the..... ......... ............ ... Pre sident
and......... ..... ............... ......... ...-...... .-; ......................... .............. ..'known to me to be the....... ................ ........ Secretary
of the.................................................................................................................. .............................................
the Corporation that executed the within "Instrument. 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 same.
]'11 Witnrss W~rrrof. I have hereunto set my hand and affixed my official seal the day and year in this ~ertificate first
above written.
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',; Notary Publ ic'in"and, for'said County and State.
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STATE OF CALIFORNIA }
,., ON Sept. 9, 1986 , before me, the undersigned, a Notary Public in and
~-- . COUNTY OF SAN DIEGO
for said State, personally appeared Albert J. Abbott
known 10 me 10 be the Assistant Superintendent
of POWAY UNIFIED SCHOOL DISTRICT , and known
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@ ~,,~, \ to me 10 be the person who executed the within instrument on behalf of said public
.." "" SUSAN K.KIRCHNER corporation, agency, or political subdivision, and acknowledged 10 me fhal such pUblic
6 Notary Publlo-<:alllomla corporation, agency, or political subdivision executed the same.
&AN DIEGO COUNTY
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" My Comni. fxp. .Ion. 8, I_ WITNESS my hand and ollicialseal.
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