Subordination Agreement 1991-0252923
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, RECORDING REQUESTED BY:_ one. 1.991-0252923 ,
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J 30-MAY-1991 08. 15 AI'!
. - ~'. C!TY OF'POWA Y ) '72'2
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) SAH DIEGO COUHIY RECORDER'S OFFiCE
" AND WHEN RECORDED MAll, TO: )
) AHHETTE EVAMS, COUHTY RECORDER
CIJ,Y CLERK ) FEES: 0.00
:CITYOF ,P.OWAY )
P:O., BOX 789 )
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POWAY, CA 92064 ) ~)
) This space for Recorder's use
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SUBORDINATION AGREEMENT ~\
fOR 'VAlUERECE'lVED" the. undersigned" as Beneficiary under a Deed 'of Trust dated
D~cember 27, 1985, recorded in the Office of the, County Recorder of San Di~go
County Januar;y 2, 1990, File No. 90-000088, and, as owner and ,holder .of the
Q.bligitti,o,~S thereby secured does hereb'ymakesubject and subordinate'the Yiens
.ther,l:!of to the Easeme,l'lts gra,nt(d b,y ,W,P.HM Deve]:o'pment Assocliates" a Cal ifornia,
limited ,Partnership.-tc),th!:! CITYQF' PQUAY, i,t being u,rjderstood ~uld 'agreed ttiat
foreclosure of said Deed of 'Trust shall not at.fect, defeat or render invalid
any rights under ,and by vi rtue of said' easements,; and s'aid",easements shal} tie
paramount and, 'superior to the rights of any purchaser under a foreclosure or'
said Deed of Trust.
Said easement was recorded'S-c9-Cf/ , File No. 9/-'!;?!/o,432
, ,and affect the real property
described in said Deed of Trust.
The undersigned Ben'eftcia(y,of said Deed of Irust declares and acknowledges
th,ati t h!!retiy i ntenMonaHy, waives , re 1 i nqui shes, and sutiord i n.a tes thepriori~
ties,;and superiorities of' the l,ien and charge o.fsa,id Deed of Trust ,upon the
lanat,described, therein in favor of: sa.id easements, and that, it understands that
in rellance upon 'arid 'in consldera'i:jonof thi's waiver, reTinqui shment, and' .,
subordination speCific monetary and other obligations will be entered into by
Thi rd Parties l>ihi ch' would not be made or ente.redinto but 'for said re.l iance and
the'execution by Benefi,ciary of this waiver, relinqli'ishment,andsubordination.
Dated: 7"/1/9/ BENEFICIARY: San Diego Nati~nal Bank
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RlVlNo, . By: ,.---/ ,
;XC. ,No. r' -
Project:
By:
(SignaXures must be notarized. Notary form
a tfa~h,ed ,.)
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" PARTNERSHIP''F0RM
STATE OF;''''.,'''......,,,.,,..''..,,....,;,,... } 58
County.of..... ....... .......... ......... ....::'::.. ...
0." thi.s:....... ..... ... ;_...day o~..... ........ ............. .A. D.. 19.......before me...; ......,... ..:...................... ......... ................~.....
8't:'lotary-',Pul>,li.c"i-in,_and for'the said C~unty and'State. residing therein, dulycominissii:)ned and sworn. personally appear,ed.......
........................_~..~.~...............n....................................... knoYnl to me to .be,'.one"ofthe partners of the partnership that-
.~ execu'ted the within:iristrumen~. and acknowledged'to me that such partnership executed the same.
'".", ]11 -llJit'n~5sl)J~rrrof.1 have hereunto set my hand, and affixed ~y official seal the day and year ,in this certificaLe.first':
above ,...mtten.
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, Notary. Public in and for said County and S~te.
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GENERAL FORM
STATE OF,...............,."..,.."..",......", } S8
Coun'ty of........ ...... ... ... ....... ............ ....
On this.............. ..... .clay or... ...... ;........ ..... ....... .A.D.. 19....... before';m-e.~. ... .... ...... .............. ........ ................ ........
a Notary Public in arid ~or the said County and ,State. residing therein. duly com.IT!.issioned'and sworn, personally .appeared.....~
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personally knoYnl to me to be the person......whose ~ame ............................subscribcd to the within Instrument. and duly.
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;8:Sk~c;~wr~dged tome that. .........he;.........execlited the same.
~Il Wlt~rs5'W~r_rro!. I have ~ereunto _set ~.h_and, and affix.ed my official seal.the day and yearjn t,hiEcertiricate.\firat _
above written.
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Notary Public/in'"an~ for said County and State.
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CORPORATION FORM
,STATE OF..":......................"..,,,..,..... } 55
County oi. ............ ........ .......... ...;. '."_~.'"
On this................... .day of. .... ................. ........ .A.D.. 19....... before me....... .... ...~.. ........ ...... ... ....... ............... ......
'8 NotaryPU.blic ';in and for the said County and State. residing therein. duly'commissioned and sworn. personally app'ea~e~":":.....~.
,-:~........ .......:.... ................ ..... ... .... ..... .... ... .......... ......... ............ .~kno'NO l~ me to be the. .... ...;... ........ .... ......'Pie sident
an~.~ ...:. .:..~:..=......... ...-..-..:. ..... ...... ........ ..... ....... ....... ......... ..... kno'oY1l to me to be the..... ...:.......... ... ........ Secreta,?,
of the ~'''''''.'''''''''''''''._''':;..''''.' _................................................................ ...........................................................
the Corporat~on that executed, thei'wi~irl' ~.aifument., known' to me to be the persoiia who. executed ,ttte within Instrument. on
behal( ot,the C.oriloration ~,~r~,inAamed. and',8cknowledged to:m'elthat 8UC~.C~'~orBtion" executed tho same.
'lJn-Wiln.fss-'WtJri'rof. i have hereunto :set my~han'cL8rid affixed mY'1ofti'cial seaL the day aud'ye-ar in tliis;ce"rtificaJe, firs,t'
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8~ve ,written.
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............. ................. ....,......... ...~_. ~ .,.... .... ~ ..~~._~_.." . '"-~'-''''''' ~ ~'-'
NOla:y,Public in .arid:f9'i:;'ssid C_ounty"and State.
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t..'t "ST:Ai:s~F CALlfOR~IA , , \ 55, 7,'),3,',
" \CO,U~TY OF S~n Di'PKo f ' '... ' ,
't' ,00" ,,, At:,-i,~ 'OH'" 19<1',]' .. oef6re,me:tne;,underS;gned",a:Notary,PUtiliC\D,?n8 for'
, UJ ,said State;,p~rs~nally:~ppeared '~,~'il' ,'TP~~~n--'R'g~ni'fP
I a: as,"'"" an auttiQr~ZH"d,offlcer',o,f,,', ~~n.~ llP",g" n ,,~,iI_t"l nn:d,' R::lnlo
~ R-ersonallyl'Knownito,me,or pr.oved:to me on the~basi~:;:-df
,~;?tisfact6iy.iv!Sience,t6,,:be;hepersoh ~ wh6s~, '\
~: name; ~_f? subscribed to,the'within' instrument: .....
Iii: 'a~:d acknowled ;dihat slie. ' executedHl~;same, on ' OFFICII\L SEA~ '
'~" "~" b,:!~a",lf ofGsan"d1i,'i:'~O National Bank,w'liiNESS , ~0~~AA,8",":'~1.ED"i,ENS ,
l' my'hand and official seal. ,tlo"-'" ,POI,.le ,c.ll.;>mla
~ ' " ,'" San Diego Cou!'lY !
o ',~,,,",, -7;1~)0 ::i!-7/;~~ '-0 _ 0" C.mm'"m" ~''"J><i;'' ~~~, \
\ E;79?f '(Th;' a;e~ for off;c;aJ,nQrar;'J"y,1I
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