Subordination Agreement 1991-018936
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RECORDING REQUESTED BY:
CITY OF POWAY
AND WHEN RECORDED MAIL TO:
CITY CLERK
CITY OF POWAY
P.O. BOX 789
POWAY, CA 92064
NO FEE
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of
Trust dated June 6, 1990, recorded in the Office of the County
Recorder of San Diego County June 20, 1990, File No. 90-333324, and
as owner and holder of the obligations thereby secured does hereby
make subject and subordinate the liens thereof to the Easements
granted by Steven R. Landa and Joan C. Landa, to the CITY OF POWAY,
it being understood and agreed that foreclosure of said Deed of
Trust shall not affect, defeat or render invalid any rights under
and by virtue of said easements, and said easements shall be
paramount and superior to the rights of any purchaser under a
foreclosure of said Deed of Trust.
Said easements were recorded 12/11/90
90-659124 and 90-659125
property described In' said-Deed of Trust.
, File Nos.
, and affect the real
The undersigned Beneficiary of said Deed of Trust declares and
acknowledges the dedication to the CITY OF POWAY, the Roadway
Easement, the Water Pipelines and Appurtenances as executed by
Steven R. Landa and Joan C. Landa on the 15th day of September,
1990.
Dated:
BENEFICIARY: LOAN AMERICAzYINANCIAL
By: Jc(Je'i..~ 1)/ I
Susan H. Glyr!vs
sen~r Vice Pre
By: ~
Carolyn
Assista
CORP.
R/I-l No.
Ex:::. No.
l?roject:
STATE OF FIDRIDA
COUNI'Y OF DADE
On this 3rd day of January , 1991, before me, the undersirmed, a Notary
Public in and for said County and State, personally appeared Susan /1. Glynos,
Senior Vice President and Carolyn K, Cordero, Assistant Secretary of the corporation
that executed the within instrument on behalf 0 rati therein named and
acknowledged to me that such corporation ed the same.
tary Public
TARY PUBlIC STATE OF FlORIOA
MY COMMISSION EXP. NOV 27,1994
BONDED THRU GENERAL INS. UNO.
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