Subordination Agreement 1991-0008629
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DOC "= 1991-0008629
08-JAN"I??l 10:39 AM
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RECOIl!lEO RfQUell' f11 ARST AlAEIlICAN TII\.E co;
RECORDING REQUESTED BY;
THE CITY 0 F POIiA. Y
SAN DIEGO COUNTY RECORDER'S OFFICE
ANNETTE EVANS, COUNTY RECDRDER
FEES: O. 00
WHEN RECORDED tS\IL TO:
92064
THIS SPACE FOR RECORDERS USE
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THE CITY OF PO',,'AY
P.O. BOX, 18~
PO\.JAY, CA.LIFO?.l~IA
APN 317-224-06 & 07
SUBORDINATION AGREEtiENT
:FOR VALUE ?..ECEIVED, the undersigned, 2S Eenefic.iary under a Deed of. Tr:list dat.ed
j,1ARCH 3... 1988 , recorc.-ed in the Offi~f' of the. County Recorder or San Diego
Coun ty MARCH 17, 1 g88 ,File No. . 83-1222g1 , and as owner and holder of rhe
obligations t~ereby secured does hereby make subject.and subordinate the liens thereof
to the Easement granted by P'OMERAOO PROPERTIES, A GENERAL PARTNERSHIP
to THE CITY O? PO\~~Y, it being' understood and agreed that foreclosure .or said Dee.d or
Trust shall not affect, d'ereat or re!!cer invalid any r:!..ghts unce::- and by virtue or
said easement, and said e.as~~ent shall be par2.wount and' superior' to the =ights of
any purchaser under a foreclosure of said Deed of Trust.
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Said easement was
the real property
recorded :fl\ f<.! Z ' 1'1 q \
,
described in said Deed
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or Tru.s~.
, and affects
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The unde~signed Benefici2ry or said Deed 0: T=~st declares 2nd 2c~~o~ledges that it
hereby inten cionally .....~aive's ,. r.elinquishes, .:lnci subordina tes - the. prio~i tie.s and
superiorities of the lien. and charge or said Deed of Trust qpon the land described
therein in. favor or said easement, and that it understands that in reliance upon and
in. cO'nsider.J.tion of. this waiver, . relina.:...:ist-L--:-.ent, and subordination speci.:ic monetary
and oth~r oblig~tiotis will be entered i~to by Third Parties :Jhich would not be made
or entered into but for said reliance and the exec~tion by 3eneiici~ry of this waive~,
relinquish=ent, ~nd subordinacion.
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:=::==ICI;,.c~',: BOTHvJEI I INTFRNATTONAI. LTD.
A,CAl. LIMITED PARTNERSHIP
Dated: December 21, 1990
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P:-ojc:c.t:
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r"'OVI LLE F. BOTHvIELL,
. (:;Fi-JFRAI PARTNFR
~;OIE: Al.L S IC:U~TU?::::S :-:UST BE: AC;~;Oi~'L'::DGED
~lOT~\~r?.I:::S: Use proper forn .J.tt:Jched
or st0ple appropri.J.te
fO::1 ch'ereto.
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an this 26th day of December , in the year 1990 ,before me, the undersigned,
a Notary Public in and for said State, personally appeared Nevi] 1 e F Rothwp.ll
(personally known to me) (proved to me'on the basis of satisfactory evidence) to be
the general partners of a limited partnership that executed
the within instrument, and acknowledged to me that such
partnership executed the same.
;- (General Part~ers~Lj.mit~d P~rtnershipl
STATE OF CALIFORNIA
COUNTY OF
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WITN ESS my hand and official seal.
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DPW Form 182 (7/82)
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10 I' 4
. OFFICIAL SEAL
mom M. SCHWARTZ
NlJTAIW PllBIJC -CAUFORNIA
PlllIIClPAl OfFICE IN
SAN DIE60 COU1IIY
.., tanmIssIon ErlIInis 0l:l0IIer 21 i llllll
(This area for official notarial seal)
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