Subordination Agreement 1988-133360
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RECORDING REQUESTED BY
WESTLAND TITLE 8 8 - 13 3 3 G 0
RECORDING REQUESTED BY: ) fJiRECORDED 'Nil
) OFFICIAL RECORDS
THE CITY OF POWAY ) OF SAN DIEGO COUNTY, CA.
)
WHEN RECORDED MAIL TO: ) 1988 MAR 24 AM8:00
THE CITY OF POWAY ~ I C~~~~ ~Ec~~~fR I
P.O. BOX 7eA ) U!!.....J
POWAY, CALIFORNIA 92064 )
) NO FEE
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a
Deed of Trust dated August 7, 1987, recorded in the Office of the
County Recorder of San Diego County August 11, 1987, File No. 87-
452044, and as owner and holder of the obligations thereby secur-
ed does hereby make subject and subordinate the liens thereof to
the Easement granted by POWAY RETIREMENT HOME PARTNERS AND
MOUNTS/REI JOINT VENTURE to the CITY OF POWAY, it being under-
stood and agreed that the 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 ConcurrentlY Herewith ,
FileNo. '68-/_::':::::;;:;;6-7 , and affects the real
property described in said Deed of Trust.
The undersigned Beneficiary of said Deed of Trust declares
and acknowledges that is hereby intentionally waives, relinquish-
es 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 understands that in re-
liance upon and in consideration of this waiver, relinquishment,
and subordination 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 w ver, relinquishment, and subordination.
Dated: .- J-2.r IC ~~ BENEFICIARY:
R/W No. POMERADO PROPERTIES, LTD.,
Exc. No. a California limited partnership
project:
By: INLAND HEALTH SERVICES, INC.
a VfO~\ ia corporation,
ge r I artner
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Its: PhI' ~{)}vr
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STATE OF CALIFORNIA )
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COUNTY OF ~~ )
On .d~ :u..., l q~'i\ before me, the undersigned, a
Notary Public in and for said state, personally appeared J.
Warner Dickson personally known to me or proved to me on the
basis of satisfactory evidence to be the person who executed the
within instrument as the ~r~~;c~~ of the corporation that
executed the within instr ment on behalf of pomerado Properties,
Ltd. , a California limited partnership, the partnership that
executed the within instrument, and acknowledged to me that such
corporation executed the same as such partner and that such part-
nership executed the same.
WITNESS my hand and official seal.
~~,~...~
1 ~'"'' "" Notary Public In and For Said
~..', OF"" KS County and State
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(lJ'-:Y-'?W-: PRINCIPAL OFfICE I!,J
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