Subordination Agreement 1991-0204580
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~, .' DOC.; 19'91-0204580 J
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, '03-MAY-l,99,10B=28 ElM. ll:t
JRnING REQUESTED n):: SAH DIEG~ COUrHY RECDR~ER~~, ~FqCE
67'1 . . ANNETTE EiJRNS, CDUNTY,RtLDRDEK ,
, , "" FEES: 0.00
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/ 1'IlE ,CIIYOl' ,P01iAY . "
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/WHEitRECORDEQ ~LUL 'TO:~
I. -rig:) CITY OF' ?O',,'AY
Pc. O,.,EOX '789
P'O:'~~AY, CALI?O?:aA
,,9':20'6"4 THIS S?ACE rOR RECO?JlERS, USE
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, , . S~EO?.DI"AnON AGRED!.E:H , t~ '
, - D h . , dB" '. D' - T d t d ) f
?OR'YALUE :UO:CEIVE., t, e uncersJcg"e ,as ene!lClarY,uncer aeec or rust a e . 0
May 31,. 1990 , recoreed' in the Office of the County'Recorder of San Diego "
Courity June' 14, 1990' , '. File No. 90-322259 , and as o'--ner and holder 'if the
"obligations thereby secur,ed ,does hereby Clake' sub~ect and sub,ofdin-:fe the liens, thereof
to the E2seroer. t gra:ited' 'by Charles r:;. McLauc Ian and ,R-l eO' . l ve 0'
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to'THE CITY Or POh'AY, it being'understood and agreed that: foreclosure of said Deed of
,Trus'tshall not affect, defeat'o~' ~ender invalid anyii'ghts under 'and by virtue of
. s2:id' 'ease~ent, and, sa.l.dea'Se~e!lt sha.J.l be parc.!:lount an4 sup-e~ior to the rights of
f ar:.y ,purcn2ser under a foreclosure or said Deed of Trus;:_
. ~'t .Said .,easer:1ent '\..Tas recorded IV1A '" 2>. 1'1'11 File );oJq'j(-,()';;>.u<{Sl9 and- affects
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-,c'he rea'l property descr~beQ i"t1,-'safd Deed of T::i.1st.
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Th,e unde:::signed Benefici2r'y, of s.aid Deed of T:::ust declar<os, :md ack.:10'.'ledges that it
h.erebyintentionally ,-'aivas,;, r{linquishes, ,md, subordinates the priorities and
'superiorities of the li'en and charge of ,said Deed of Tru~e ;upon the land described
,- , ,eherein in favor of 'said easement , 'a:;dehat it' underStands !thae in reliance upon and
in, consider,nion "of ,this \Jai'ver:, relinquish.:::ent:, and 's,uboidination specific ::Jonetary
'and other .obligations \Jill be e'llte'req into by Tl'lird P2rti,es'-'hicl'l \Jould r.ot be made
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c,t. entered inco but for sa.id r,el'ianr:e 2nd the e~ecu:ionr:by 3eneiiciary of. this waiver,-
_~ rCli~qUish:::en:,. ond 'su~o:::di::a:ion_ Riley J.Lively
.. -~'Dated: JUlY,24" '19,90 ;;::;; i:':-IC Ii::": ':':
. P./~1 "j-:o. Onie'O. Lively
"Exc. ~:o .
P-ro,j c.c t:
::01[:": /.r L SIG"'\7U;)t:"S '.IUST ~t" .,..,.."O'1......"CrD
"':"" .'. . '''- " .....J.... "~'.....'\.....\ ., t.u ...
~;O'r.\:.'U::S : U~C pr~p~t for~ 3tt3,chcd
or :;,t.lph:~ 3ppropri.JCc
for';' thereto..
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; GDiERAL FOR\l
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y STATE OF,,,,~~)'.:i-i,'.'.r.I),~,~,,,,,,,,,..,,,,,.. };s 672 .
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~1 County of. .... ...<?on.. ..+g,g.q.. ........ ... .......
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On lhi.....,.,;:!\~,\1..""day of... ,,'. ,..-l.\l.!-.Y..........., ,A,D, . 19..~,9,. bero,e me., ..~:;~~y..,~.:,..~,~.~~~~,..,......".......,........
B Notary Public in and (or the said COU:lty a'1d State. residiOI; therein, duly commissioned and sworn, personolly appeared......
......,..Rt!-g.Y";r..,,,H,':'.':'.!-y.,.~TI~, ,.9,l!J,:,...Q,....J"~X~J.y."..,, ..'... "'"'' ',.,."..,.....,.."...."..., '.. ,,'.... ",....,.."..."...".., ""::~
~ personally kno'>'>TI to me to be the person......whose nnme............................subscribcd to the wllhln Inslrument, und duly
.,. acknowledged La l:le that..........he..........execuled the same.
b lil1 Witness lVlJrrroC, I have hereur.to set my h.:lnd and affixed my official seal t,c day and yefrr In this certific.Jte first
-, above written.
, "',.,"""',IJr[~,~~.,"',.."..,',..,"",.,...
'V-L' . OFFICIAL SEAL
). , I " , BETTY L SEitER
I \ , ! ~ ,... : NO-My PUBliC, CAliFORNIA II ~'o~ry ublic in end for 581d County and State.
\ \ ' ' SAN DIEGO COUNTY "
, :!a.. 'My comm. expires JUN 1, 1993 :;,
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