Subordination Agreement 1991-0320655
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1386 01-JUL -19'7'1 08' .18 AM
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SAN DIEGD COUNTY RECORDER'S OFFICE
RECORDING REQUESTED BY: - ANNETTE EI)AHS, COUNTY RECORDER
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TilE CITY 'OF POI-IAY ,
,WREN RECORDED MAIL TO:
THE Crf'iOF POI-IAY
P.O, BOX .,' ..
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;POIIAY; :CALIFORNIA
92064 THIS SPACE FOR RECORDERS USE
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SUBORDINATION A.GREEMENT I~~
FOR'VAI.:UE RECEIVED, ,tne, und'ersfgned, as Beneficiary under a Oeed of Trust dated :J P
lJov6nber 10, 19B6 ,r,ecord~d iri th~ offi!",e of 'the iCouncyRecoi,der of' 'San01e&0,
County Novencer '25, 19B6 ,'File No. B6;-,5d4,JBO* ,and: 'as o,mer and hold'~iof th'e
obligations thereby secured does h.et;,eby make subject 'and subordinate the liens thereof
to the Eas,ement granted by Karen 'Sue' Havse, a sB'IClle w:xran as her sole and separate
property.
* 'l'heBeneficial Interest Under said deed ,of 'trust was assigned to Federal Herne Wan
M:>rtgageCoq::orat:ion by assignrflent'recorded August II, 19B7 as File No. B7-4531960/,F.
to THE CITY OF' POI-IA.Y, it b,ein'g' uml.erstood and agreed ,that foreclosure of said Deed of
Trust shall not affect, defeat or render invalid any rights under and by virtue of
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, said easement, and said easement shall be paramount and superior to the rights of
any purchaser under a foreclosure o'f said Oeed of Trust.
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Said easement was recorded '~~14 II l'i't \ , File No. G) \ - 0 ~.).-D Lh ~ , and 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 subordimites the priorities and
:sllp,c,ioritfe,s oJ ,the 'lien and charg~ of said Oeed of Trust upon the land described
there:rn 'iri favor of said easement, and, that it onderstands that in reliance ,upon, 'Hi.d
in,consideration of this waiver, relinquishment, and subordination specific monetary
_ a!,d"ocher oi!.liga~ions will, be entered into by Third Parties which would not be made
(J.r;' :~!!~~"t.~.~.-;,!~~<?' :!?ut- {or'said reliance and the .~)(.ec~t.ion -bY: D'enefi_i:la,.r',y 'of .thJ~ "::_~i'/~~ i'.
relinquJ:shincnt: and subord'inacion. Eii:o:emaQ} '? F,uQ.cl M9r;t9<;tgg,.,
, , " ' C,orpora,t:'Lon." ,as' serv;,:ccl'ng
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Dated:, 'BENEFICIARY: eral, '000 l>brtgage' ,
1!11l,No. eoq::oration
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Exc., No. nY'~~~
.Proj ect:
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By'
NOTE: . Dilr' ant=> f'lrir<Jri
ALLSIGNI\'l:URES MUST BE I\CKNO\.f1:;EDGED A~sistant Vice Pre~ident
'. NOTARIES: Use proper form attached
or st~ple appropriate .
form 'thereto.
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MICH:r;GAN
STATE 'OFIUlf:iErnmMX ]
COUNTY OF SMKDJUilliQ{ ]
OAKLAND
On April 5, 1991 before me, the undeesigned, a Notary Public,
personally appeared Darlen'e Dar,qa, Assistant Vice Presi dent of
Fireman '05 Furid Mart ,a e 'Car aratian peesonally
kriOWD,tO ,me or proved to me'on the basis of satisfactary evidence) ta be the
pers'Qri(s ) . whose name(s) is/ar!= subscribed to the within instrument and
ackrio\.11edged tome that he/she/they executed the same in his/her/their
authorized capacity(ies) , and that by his/her/thetr 'signatures(s) an the
insteument the peeson(s) or the entity upon behalf of which the person(s)
acted, executed the instrument.
WITNESS my hand and official, seal.
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Sign~t e
,1<1': . up,A, . M'
; Public. Oakland CoUnty. '1
MyCcmmltelonl!llpllesJune 17.1991
STATE OF CALIFORNIA ]
COUNTY OF SAN DIEGO ]
On befare me, the undeesigned, a Notary Public"
personally appeared
personally
kriown to me (oe peoved ta me on the basis of satisfac:tory evidence) to be the
person(s) whose name(s) is/are subsceibed to the within instrument and
ackriowledged to me that he/She/they executed the same in his/her/their
authariz~ capacity(ies), and that by his/hee/theiesignatures(slon the
instrurrient"thEi person(s) or the entity upon behalf .of which the person(s)
acteo, executed th'e instrument.
WITN~SS ~y hand and official seal.
Signature (seal)