Subordination Agreement 1991-0008607'~~ ~u "
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one u= 1'991-0008607
OBcJAN-1991 10:33 AM
SArJ DIEGO.[OUNTYRECORDER' SOFFICE
ANNETTE EVANS, COUNTY'RECOROER
FEES: O. 00
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RECORDING BEQUESTEfr BY:
THE CITY 61": rOWAY ,
,WilEN 'RECORDED MAIL TO.:
THE ~iTY OF,POWAY
-P .0. BOX ,.'
POI,AY, CALIFORNIA
92064
THIS SPACE FOR RECORDERS USE
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SUBORDINATION AGREEMENT
FOR VALUE RECElYEi:),the "undersigned" as Benefid~ry under a Deed, Of Trust d:il.ted
'January 24, 1978 , recorde,!' in the Office oJ the County Recorder o'f San' Diego
~ounty 'January 27, 1978 , 'Fii,e No, 78-034953* ,arret as owner and holder, of the
obligations.thereby secured do.<;s h.",,~1:>Y make subjeaa,rid' subo'rdinate the liens thereof
to the Easement granted by Melva, Colleen Rule. a slnolewoman. '
*' me', Berieflclal Interest,ililder .said . deed , of trust was 'assi'qned 'to Federal, National
. MSrtqaqe Assoc. by..assiqTIiUentt reeorded, 'June 30, 1978 'as ;FileNo. 78-276628: OfF.
to' T'~f-ciTYOF -'POWAY, it bein'g'uftd.erstood' ,and agr-eed 'that fore.do-sure ''Of said Deed' of
Trust shal,l 'not affect" defeat: or' "rend'er invalid any rights ,un,der, and. by vtrtue, 'of
s'ai'd e9--se~e'!1t, .3..I;td s?i:d, easement, sha~ll 'be parambuf!'t' ,and sup,erior to ,the rig~ts of
~any,-_purchaser uri.aer a fore"c~osure "of said Deed of' Tr.l}.~t:~;.,
recorded --:(0..,,,, ..2 ,\'1'1\
described in' -said Deed of
, File No. C)i _~o~25;rG'QS
Trust.
an;.ra:ff~ct:s---
Sai~easement was
tne real 'pro~erty
The, undersigned Bene:fic:iaryqf, ~aid,Deed of' Trust. deditres and acknowledges that it
hereby dntentionally waives, 'rel~n-qyis~?-~, and: ','subordinat_e's tqe. pr:.iorities and
"up'eri".riities of'the .lien and charge' of s'aid Deed of Trust upon the land 'described'
therein in -f'avor ,of said easemen't" :and that "it. understand's' that -in' refiance ~pg,n '3;nd
in~, c6nsi-de~ation_'of this wa~ver, rel-~nquishment., al1d '~ul:>ordina't:ion specifi'c 'morie_tary
and other obHgations will. ,J?e e!'-t;er!,<! 'into'-by ThirdPar,tTes whichwou'ld ,not 'be niade
or 'entered, ~into but: for sa"i:cf J;e~;L_~.i:!.c_~ and: the ~xecuti9n by B.eneficfary'of this ,waiver,
re~i~~lutshment, and subo'rdinatio"n.'
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,: ;'D"_r,e_d :' - 'Tim.., 12'. J 99Q
'Ri!,' Nci.
Exc-:"""l~v...
" Pro,rec!::
BENEFICIARY.: Federal National MJrtqage,
Association-
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By:
Vice President
NotE: ALL, SIGNATURES MUST BE ACKNOwtEDGED
, '. :lioTARIES::' 'U';.,: prop,er ,fotIll attached
lor sti'pTe:'ap~;:(j~Jiite-
form thereto: .,
lock,As, 'stant Secretary
Federal Home Loan Mortga Corporation
By, Dowr,leY Savings' and Loan, AsSociation
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a,sc attomey..{rffact,
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-0 DoWNEY SAVINGS
. . AND LOAN ASSOCiATION
103J
(Corporation Attorney-in-Fact)
STATE .oF CAUF.oRNIA
C.oUNTY .oF
On June 12, 1990 before me, the undersigned, a Notary Public in and
for said State, personally appeared DEREK GEE known to me to be
the ASSISTANT VICE President, and DOUG POLLOCK
I "known to me to be the ASS T S T A NT Secretary of Downey Savings and Loan
. Association and known to me (or proved to me on the basis of satisfactory evidence) to be the persons who
I'~' executedlnewithin instrument onbehalf of saidUowney,Savings and Loan Associjl!i~c!he corporation that
1 . -. executed and whose name is subscribed to the within instrument as the attorney-in-fact of FEDERAL H.oME -
I L.oAN M.ol.{TGAGKC.oRP.oRATI.oNand acknowledged to me that they subscribed the name of FEDERAL
H.oME L.oAN M.oRTGAGE C.oRP.oRATI.oN thereto as principal and the name of Downey Savings and
Loan Association as attorney-in-fact for said FEDERAL H.oME L.oAN M.oRTGAGE C.oRP.oRA TI.oN, and
that said Downey Savings and Loan Association executed the same as such attorney-in-fact.
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WITNESS Il)-y~and and official seal.
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Signature - ~
L&102 (8/88)
~~.. O~~~~~~A::~gL
':I"'~). .~~~__ ;: NOtary PublIC - CiiltI.tornia
p~.-r- 2'i~~ ORANGE COUNTY
..~~: M\o Com," e.....UlS OCT 24.'994
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