Subordination Agreement 1990-0659118
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0_ 1990-0659118
11CDEC-1990 08:20 AM
SAN DIEGO COUHTY RECORDER'S OFFICE
VERA L. LYLE,CDUHTY'RECORDER
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iu:COIlDING:REQUESYED BY:
.THE CITYOF;POWAY .
WRENRECORDED.MAIL TO:
THE CITY OFPOWAY
P.O. BOX ....,
,POI,AY., CALIFORNIA
:92064
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.THIS' SPACE FOR RECORDERS USE
SUBORDINATION AGREEMENT
'FOR VALUE RECEIVED,
January 30,. 1986
'County, Feb'ruary 3,
the' :und'ersicgned,as Beneficiary under a peed of .Trust dated
,rec:o,rded in the Office oftlie, Courity Recorder of San Diego
1986 'Pile No. 86-043291 and as owner and holder of the
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'obllgations thereby secured does hereby'."""J~e'spb.Je.c:tan,4 subordinate the liens. thereof
to the Easement granted'by LARUDO, a qene~a] partners hI p
to THE CITY OF POWAY,it being: 'uriderstoo.d 'and agreedtj:1a,t toreclosure 'of said Deed of
Trust shaLL not affect, defeat':or render iIivalid any'rights urid"r and by virtue of
said. easement, and. s.aid'ea.sernent: shal.l 'be paramount'. and' stip'er,ior to the rights of
any purch'aser under afot..!'closure 9f."said beed,o'f Trust.
Said easement was recorded I {). -I \ - C(o'
the rea.l property described in said Deed of
, File No.. '1 b-ltdS '1111
Trust.
, and affects'
The undersigned Beneficiary of said Deed of Trust decla.re? and acknowledges that it
hereby intentionally wa:lves" ,relinquishes, and suo.ordiriat'es. .the prioritie.s and
superiorities of the lien and c.harge of said Deed of, 'Tiust' upon the .land described
therein in favor ofsaidea'sem~nt ,and that it understands that in reliance .upon and
in, considenit'icin .of this waiver', 'relinquishment, aIld subordination specific monetary
and other obligations will be entered into by Third:Pa,t:i.~s, wnich wou'l,d not be made
or :entered into but for said' .relicance and the execution by :Beneficiary of this waiver.,
I: 'relinquiShrnjJ;it ,and subordination.
1".' Dated: ~. ~ ,/7' tJ BENEFICIARY: SOUTHWEST BANK,' a Cill.iJornia
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By:
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By,:
NOTE:
ALL SIGNATURES MUST BE ACKNOWLEDGED
NOTARIES: Use proper. form attached
!,r st,\pleappropriat.e
form thereto.
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PBP II
5647"6
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STATE OF CALIFORIII^
COUIITY OF51',., ,,)u~'t "
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On ,!);=<"'~<l€'~ 7 I 'i t?
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before me, the undersigned, a Uotary Public in and for said County
and State. personally appeared
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--. k.nown to me to be
B-(.f:<>r-c<>~po~a t-'"".)-th.
Gf~tfOA that ....e"t.d the ',..ithfA lAstr"meAt,
,n1 'nown-tc-m.-l.<l-be--the-pe~son-wh<>-.xeGut<!<l--th<i-w,f-t-Mn-f.nstI'UmeJ>t-en-bel>a 1 f of the ea"~ar. t fan--
t-ll.."....;.,,-f"""~d,-M\~~ed to me that S"C~_OA--e><""ut~~
~. G2r"CFor proprietorship or partnership) the .person \-,hose name. 1"5 subscribed to the within instrument
and .cknowl.dg.d to me that HL .x.cuted the sam..
~ITNESS my hand and official 5..1.
,!
OFFICIAL SEAL
ROBERT J. CHADWICK
Notary Pubtic-California
SAN DIEGO COUNTY
My Comm. Exp. Feb. 24, 1992
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