Subordination Agreement 1991-0261698
" . ~RE~OROING RE(~UES'TED BY:-' DOC. 1991-0261;698'
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~ , '~l"- ) 76'3 04~JUN-'-1991 OH: 11 AM
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. C.f:T:Y OF JidWAv' ) SAN:DIEGO COUNTY RECORDER'S OFFICE
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) . ANNETtE EVANS, COUNTY ,RECORDER
AND' ;WHEN RECORDED MAl L TO: ') FEES: O~OO
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:e:tlY CJ-ERK )
eUY OF POWAY )
P.o. BOX, 789 l.
POWA v', eA 92064 )
) Thi s' space for ,Recorder's use ~
:SUBORDINATION,AGREEMENT
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FOR VALUE RECEIvED; the undersigned; as Beneficiary under a', Deed of Trust,dated ,,\
Ma.y 14', 1987;recoiided rin;'the, o f,f, ,Fee of th'e County 'Recorder' of San 'Diego County,
:May 27,1987,' FOe No. 871290452, and 'a.s ,owner ana' ho'lder of 'the obligati'oris
ther,e,bY'se,cureddges. her'eby"ma~e 's,u,bject'i1ncl subordinate the l,iens ,thereof to .
1 tb,eE,a~e,ments gr:anl'ed bY,g.&R. P.i1rtn,eGs;po~aYr,a General Partnershttl, to the
ctTY OF PO~AY" i,t!be,i!1gynge,rs.tood andagreed~t!a.t for{!c)osure of sa,id D,eeq of
'Trust shaH nO,t affect, de,feat or ,renderinv,alid 'any r,ightsunder and by virtue
of said: easements, and' said:ea'sements shai 1 be paramount and superior to the
'Fights 0,1' ,any purchase'r'un-ae'r a foreclosure of sa idDeed of Trust.
,Said easement was recorded; -itA-I'':: '4 I I 'i 'f I , FileNo.I~'ill - D),,, 1,1,,'1 1
:described ,in said ,Deea of Trust;, ,a'nifiiffect the rea 1 property
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The unders igned Benefi c i;.lry'of sa i d Deed of, Trust d'ecl ares andacknowl edges
,that tt herelJY i,ntentJo!1aJlycl<!alve,s, relinquishes, ,ahd slJbordina,tes the. priori-
ties, anasuperi or;it ies, ,o'ffhe ljen and charge, of sa ia: D}~ed of'Tru,s,t upon the
land, described .thereinin..favor of said easements', and that it, understands that
i nreYi'ance upon and in consXdera t\o,nofthi s wa'iver, relinqu i shment, ,and
subordination specifi l: monetar;y ,and' other obltga.t ions ,wi 11 be;, entered into by
Third Par,ties which~-ould nOt':be made or entered ;,nto byt Jar sa.~id r'e1 iance and
,the executi on by Benefici ary of this wa i ver, re 1 inqu i shment, and subord i na t ion.
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Dated: 5/f41\l1 BENEFICIARY: Downey Sa'vi ngs &' Loan Asso'c."
',- r' A Ca1 ifornia....Corporca.tion "
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...., ".;, By:,~,~
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, ,. R/W.No~
- :Exc-;; No'. '''' . " ~i::'- ' 'Catliy'Tombr'eIl,o, ,Senior ViCePr'esldent
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Pro] ect:
" BY,:,'~ ~1i~
Dan, Rosenthal, VicePr'esident
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, (Sig~atures must be notarized'., Notary form
attached.) ,
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'1- ,;;,:;:::::,," , 764 ~.
-" STATE OF CALIFORNIA} "
I COUNTY OF c?;t?/htlG;~ $5, ." co^" '"''''''''_ I
I On (rJ/ty lA/., /99/ before me, rbe undersigned. a Norary Public in and for I
It said State, pe"'onallyappeared~~T~ ~ !!1!fll~:'Rt:~
1.-;... personally known to me SF pFS "eEl [8 IRe en du. ad:ii:i
.. of JAtiJfJ.tt8p) e ..iaelH:f to be the person who executed
f ll.' the within instrument as the 5e:N:::1 VIce-
i :r~ President, and -:DA7<J -"Ros6AJ A-L
~ personally known to me-or- I
~ prg"l:!!:! te m~ SA d:l~ baEit: flf ratida~t9rr 'ii"'iJ.u ~s to be it OFFICIAL SEAL
Ii the person who execu.!Sd the within instrument as the . JANICE GENEllE
VfCe.-~e:sfDeA/"'/SeeFe(J.~J of the Corporation ~ 9l' & NOrARYPUBLlG-CALlFORNJA
I I thai executed the within instrument and acknowledged . C , M C ORANGE COUNTY
+ '. . . , Y crnm.E>;plIlI'Jon,J,1992
.i~ to me that such corporatIon executed the within lOstru-
mem pursuant to its by-laws or a resolution of its
1 board of directors.
, WITNEs~nd and OffiC~
Signatu'le ~.' (This area for official notarial seall