Subordination Agreement 1991-0008606
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RECORDING REQUESTED BY:
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TIlE CITY OF POIJAY
WREN RECORDED MAIL TO:
~JELLS FARGO~J\NK, N.A.
2331 'ZANKER ROAD "
SAN. JOSE;,CA 95131
AnN': LIEN PERFECTION
LoAN # 7406-499558"
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THIS SPACE FOR RECORDERS USE
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SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the
'March 31, 1989,
County April 18. 1989
obligations thereby secured
to the Easement granted by
undersigned, as Beneficiary under a Deed of Trust dated
recorded in, the Office of the County Recorder of San Diego
. File No. 89-20060] , and as owner and holder of the
does hereby make subject ,and subordinate the liens thereof
/oElva C'nlleen Rule. i'l si ngl P. urrnrtn
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to THE CITY OF POIJAY, 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 easement, and said easement shall be paramount and superior to the rights of
any purchaser under a foreclosure of said Deed of Trust.
Said easement was recorded , File No.
the real property described in said Deed of Trust.
, and affects'
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The undersigned Beneficiary of said, Deed of Trust declares and acknowledges that it
hereby intentionally waives, relinquishes, and subordinates the priorities and
superiorities of the lien and charge of said Deed of Trust upon the land described .
therein in favor of said easement, and that it understands that in reliance upon arid
i~consideration of this waiver, relinquishment, and subordination specific munetary
and other obligations will be entered into by Third Parties which would not be made
or entered into but for said reliance and the execution by Beneficiary of this waiver,
relinquishment, and subordination.
Dated:
June 22. 1990
BENEFICIARY: Wells Fargo Bank N.A.
RIll No.
Exc. No.
Project:
VBy:
OFFTr.FR
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ALL, SIGNATURES MUST, BE ACKNOWLEDGED
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NOTARIES: Use proper form attached
or st~ple appropriate
form thereto.
NOTE: