Subordination Agreement 1988-133361
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, ,RECORDING REQUESTED BY
WESTLAND TITLE 88-133361
RECORDING REQUESTED BY: ~RECORDED IN~
FFICIAL RECORD
THE' CITY OF POWAY , oP SAN DIEGO COUNTY. ~A.
WHEN RECORDED MAIL TO: 1988MAR 24 AM 8:00
THE CITY OF POWAY ~VERA L lYLE~
" , , COUNTY. RECORDER
P.O. BOX,' ',B"l
POWAY, CALIFORNIA NO FEE
92064 THIS SPACE FOR RECORDERS USE
SU~ORDINATION AGREEMENT
FOR VALUERECEIVEDd the undersigned, as Beneficiary under a Deed of Trust dated
August 21, 198 , 'recorded in the Office of the County Recorder of San ,Diego
County Alle'll!==:t,. ?? r ElR6 , File No. RB-364996 , and as owner and holder of the
obligations thereby secured does hereby make subject ,and subordinate the 'liens thereof
to the Easement granted by", Powav Retirement Home ,Partners , a Ca'liforili'a"
~eneral partnership
to THE CITY OF POWAY, it being understood and agreed that foreclosUJ:e 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 .r.('mr>ll""""~~.+J~T File No. H1i'Pl'WT'1'H xf{- J.:>'3.8.:'l7and affects
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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, relinquishes, and subordinates the priorities and,
superiorities of the lien and charge of said Deed of Trust upon the land described
therein in favor of said easement, and that it understapds that in reliance upon and
in, consideration of this waiv,er,relinquishment, and subordin,ation specific monetary
and other obligations will be, entered into by Third Parties which would not be made
or entered into but for.. said reliance, and the execution by Beneficiary of this waiver,
relinquishment, and subordination.
Dated: Februarv . 1988 BENEFICIARY: METRO NORTH STATE BANK
R/H No.
Exc. No.
Proj ect:
Exec. V.P.
NOTE: ALL SIGNATURES MUST BE ACKNOWLEDGED Pamela L. AVP
NOTARIES: Use proper form attached
or staple appropriate
form thereto.
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621
PARTNERSHIP FORM
" STATE OF......,.,..........,..;................., ,},
" County or........................................... ss
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......
.................................:......................~........................... kno\Vll to me to be one of the partners of the partnership that
executed the within instrument. and acknowledged to me that such partnership executed the same.
lln Witnrss W~rrrof. I have hereunto set my hand and affixed my official seal the day and year in this certificate first
above written.
.........................:........................................................
Notary Public 'in and for said County and Slate.
GENERAL FORM
STATE OF,..,..................,....,..........,.. } ss
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 commjssio~ed and sworn. personally .appeared......
.....................................................................................................................................................................
personally knoWn to me to be the person..;...whose nal!le ..................'..........Bubs(ribcd to the within Instrument, and duly
acknowledged to me that..........he..........executed the same.
31n Witnrss IDl)trcof, I have hereunto 'set my hand and affixed my official seal the day and year in this certificate first
above wri tten.
..................................................................................
Notary Public in and for said County and State.
CORPORATION FORM
STATE OF 4JJ'<<.~.........,..... }
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County of.. .................................
On U1lsA.:J:WrJ)j,..d.Y or,::1{J.&:<tZ.............A,D" 19..f.~, bern,e me...lia-..,JL",o@.J.d..........................
.Not? ~liC in and r~'the s.,d Counly d St.te. ,es.dIng the,ein, duly commISSIoned .nd swo\tpe,son.lIY .ppe.'ed.......
.....:-0 f.. ....:::IiT!.W"!?.....U,...,........,...........................,............known to me W be the,"'... .!~i?:-::Pf...}L.!fsident
and..,..... meJ^-',..~..~~...................................... known w me w be U1eAst.,.. J.(e..-:..1k\/ ,// ".to."
or,U1e...ftbhra..J.Ja " .\. ..,.. !ll.r!K..............................................:.......................................................
the Corporation that executed the within Instrument. known to me to be the persons who executed the within Instrument, on
behaff. of'the Corporation therein named. and acknowledged to me that such Corporation executed the same.
:lI1! lViquss lPbrrrot I have hereunto set my hand and affixed my official seal the day and year in this certificate first
abo~e_' wri tten. :
, NOLA ~A. BROWN ..J0,.a.".rb:J.,.,.."......,...""".........,.......
:~Notary_PUbJic' State_of Missouri.
"-:;:Gommissiol}i;!d In Clay County
My.Commisslon Expires MJl'ch 2,. 1990 Notary Public .in and for said County and. State.
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