Subordination Agreement 1991-0204573
c I DOC~: 1991-0204~73
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" < 03~MAY-1991 08=L4 AM
SAN DIEGO'COUNTY RECOROER'~ OF[~CE
RECORDING REQU:':STED ny: 6,4 if ANNETTE EVANS, COUNTY REcOROtK
FEES: 0.00
TIlE CITY' OF RO"AY ,
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WtlEN RECO'3llED ~~UL TO:
TIlE CIT:'{. OF PO',iAY
P.O. BOX 'j'89
PO:~'A Y , C\LIFO?JiIA
,92064 THIS SPACE FOR RECO~ERS USE
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-- SIJEO~I:tUION AGRE~!E:H ~f
'I F6~ VALUE ~CEIV2D, the und~rsigned, as Beneficiary under a Deed of Trust dated
'May' 31. 1990' , , recorced in the Office of the County Recorder of San Diego
County June 14, 1990 , ,:;:Ue No. ,90-322259 , . a"d as o\.'I1er and holder of, the
obligations thereby s'ecured does hereby l:!ake subg,ect and sUb'ofdin':fe the liens, thereof
to the Easement grauted by ChaLles L. McLauc Ian and Rl ey, . lve y
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to THE CITY OF PO;""y, it; being understood'and agreed that foreclosure of said Deed of
Tr~st shall not affect, de.feat or r.~nder i!J.\.ali'd any rights under and by" Virtue of
said ease!TIent, and said easemen"t shall- be parG~ount and superior to the rights of
any purchaser unjer a foreclosure of said Deed of Trust.
Said ease",ent was recorded V'vlA'l :". I 'j''1/ . File ;io.lQQ(-'Q;:2,uYC;'/;L . and affects
the real p~operty described in said- Deed at Trust.
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j' The, unde::-sigr:ed Beneficiary of said Deed of T::-ust declares and ac;:..."1o....ledges that it
,.~ 'hereby intenticr:ally ~aives, reli~quishes. and subordir:ates the priorities and
,'~; superiorities of the lien anci charge' of said Deed of Trust upon the land described
therein in favor of said ease:::eni:'" ar:d that, it understands that in reliance upon and
- in, consideratior: of this waiver, relinquis~~ent, and subordination specific nonetary
and other obligatior:s ~ill be ente::-ed ir:to by T~ird Parties ~hic~ would r:ot be made
0;- ~ntered i:1to bu~ for said rcliance;fand ~he execu'tion ~y Beneficiary of this \""aiver J
rclinquish~en:, ~nd ~ubordi~atian. ~
Dated: July 24, 1990 2:::i:?ICI.-\...-=-.::" : ' Riley J. Lively
R/~l, ~':o. 'Onie O. Lively
Exc.. ~:.o .
Proj Cet:
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"0-- /...LL S IC:::\ TU:1ES ;'!UST 3E .\C~:O"'LEDG::::D
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:;OTA:1ES: U"e ptoper for~ attached
G or SC.lple: 3ppropri.J.tc
for~ thereto. \
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GE:-iERAL Foml 645
STAn: OF',......~~;UJ:Br",:j.,,,,..,,........,.. }ss .
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County ot..... ........~TI... .~.f}.g.9........ .......
, 24th July 90 Betty L.' Seiler .
On thIs.......... ..........day of. ......... ....... ............ .A.D.. 19....... before me........................... ..................................
a Notary Public in and (01 the said County and Stale. residillG' therein. duly commissioned and sworn, per,onolly .appeared......
'Riley J. Lively and Onie O. Lively ,
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personally kno....n to me to be L'e .person......whose nllme ............................subscribcd to the withm Instrument, and duly
I.' acknowledged to me that..........he..........execcted the sa;ne.
, i:n Witness WIJfrrof, I ha....e hereunto set my hand and affixed my offtcia\ seal L'le day and ).ee.r in this ce:1iiicale first
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abo....e written.
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@P OFFICIAL S"A,L ."."",,'..', ,.?f.11t,..;z:.,...., ,.,{.~".......,.."......,.
" . BETTY l SEilER
Ill. : ~ fWTARY PUBl.IC .. CAur::~;.~,\nA rr :-.,'OLary P lie in a..'ld for said County a....d State.
. , . SAN DIEGO COUNTY
" 'My comm, expires JUN 1, 1993 ,