Subordination Agreement 1990-0659119
";'.' ...:-:::.~
79
"'"
-- .,.;~':
<
,
..
DCtt: 1990-0'659119
ll-DEH9900B:20AM.
SAM "DIEGO COUNTY RECORDWSOFFICE
VERA L. LYLE; COUHTY .RECORDER
FEES: "., 0.00
,:,
,,"
it:"~
RECORDING 'REQUESTED, BY:
THE CH.'! OF POWAY
WREN RECORDED MAIL TO :
T,HE CITY OFPOWAY
P;O; BOX ," . .
POI,AY, CALIFORNIA
92064
FB :>.fI NF
THIS SPACE FOR RECORDERS USE
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED,the unci'ersigned, as Benef1ciary.under a" Deed of Trust dated
December 15, 1'987, 'recorded in the Office iSf the 'County Recorder of San Diego
County December 23, 1987. Fi~e No. 87-7031'52 , ' and as owner and holder of the
obligations thereby secur,ed does hereby make.s,:~j.e:c;t.:,an,d sub.ordinate the liens thereof
to the Easement granted' ,by CLERCO, INC", a Ca.11 forn.la corporatlOn
to THE, CITY OF POWAY, .it b:eing unde,rst.ood ;and agreed, that foreclosure of said. Deed of
Trust shaH not affect"de'feator Tender',invafid any rights under and by virtue of
said easement, and 'said easement shail be paramourit and superior to the rights' :of.
any purchaser under 'a. 'foreclosure of said Deed of Trust,.
Sai'd easement was recorded ,\ ~ ~n-"i ll'
the real property described in said' Deed
, File l'l0; q 0 ~("Sq I r7
of Trust.
, and affects'
'The tlndersignedBeneficiary pi' said Deed of Trust declar,es and acknowledges that it
'hereby ,intentiolfally waives,relinquishes', and subordinates the priorities and
sup'eriorities of the lien and ,charge of said De'ed. o'f: Trust ,upon the, land described
therein ,in favor .of said easement, and that it understands that in reliance upon and
", ~' i!,.consideration of this waiver,. relinquishment, and: subordination specific monetary
. arid other obligations will]:>e' entered into by Tbi"d !,ar,ties which would not be made
~;, ."~ o#' epter'ed into ,but for sai'd, 'r-eliaJ::ce and the exec.utfon' by B.enefi~iary of' this: waiver,
',' ;.,rennqtli:Sh?ift,and subordination.
, . Dated: ~ ~7, 1.9,&Q BENEFICIARY: SOUTHWEST BANK, a California
];tIlt No'.
[xc. No.
Proj ect:
By:'
By:
NOTE:
ALL SIGNATURES,MUST BE ACKNOWLEDGED
NOTARIES: Use .proper' fo~ attached
orstapte appropriate
form the.reto.
"f.._:,
. ,
PBPIl
5647"6
.
f
I
_C.oRPORATE,ACKNOWLEDGMENT
8tateof L/1LIr-"'Arl'A-
<
...
County of (, 5.<},J ]),.c c; 0
,
--
. ~-
\- 'C
, ",..'...\
! "
, .'
I "
I
7120019
}SS
OFFICIAL SEAL
ROBERT J. CHADWICK
Notary PUblic-Callfornia
SAN DIEGO COUNTY
My Comm, Exp. Feb,24, 1992
.
720
NO: 202
-JT'f
On this the ~ day of <7x ~ ,,~ 13~--t
19.f1 ,before me,
,r2ed~A.r ,I. C.r(-<;,Uw.<.K.
the undersigned Notary Public. personally appeared
,rC. w' /'7 /1/"2.-
~rsonally known to me
o t_"vvcJ to" ,t. of! tl=",(; 136.3i3 6f 36.tisfaeteFj e:iEleAse
to be the person~ who executed the within instrument as
INE ;.c::~J, uE"/ r .Qr Q'l Qgtulf.of the corporation therein
named, and acknowledged to me that the corporation executed it.
_~"~. nd nd official seal.
~/ .(~
Nota i nature
ATTENTION NOTARY: Although the information requested below IS OPTIONAL, II could prevent fraudulent attachment of this certificate to another document.
Title or Type of Document S......i]OA t'),,,...IA 7"/ (.) -" /7(; <t.-.ee:._C' ;..I I
THIS CERTIRCATE
MUST BE ATTACHED
TO THE DOCUMENT
DESCRIBED AT RIGHT:
Number of Pages
't
I'll? ,I of "I
Date of Document
Signer(s) Other Than Named Above
~c,..re
NATIONAL NOTARY ASSOCIATlON.8236 Remmel Ave. . P.O.Bo~ 7184 -Canoga Park, Cfl. 91304-7184