Subordination Agreement 1990-0606312
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DO~: 1990~0606312
'08-HOV-1990 08: 23 An ,
SAW DIEGO, COUHT,Y'RECDRDER'SDFF,ICE
, 'VERA L LYLE.. COUHTY RECORDER' ,
, FEES: 0.00
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RECORDING 'REQUESTED BY:'
THE. CITY,OF POI,AY ,
WHEN RECORDED }~IL TO:
THE CITY OF POHAY
P.O. BOX,,789
POlIAY, CALIFORNIA
92064
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THIS SpACE, FOR RECORDERS USE
,APN 3.17~225-01& 317'"'222'"'20
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SUBORDINATION AGREEMENT'
FOR VALUE RECEIVED, the und'ersigned, as' Beneficiary' ,under a Deed o'f Trust dated
, May 23, 1990 , , recorded in the Office of the County 'Recorder of San Diego
County May 25, 1990 , File No. 90-287902 ; and as owner andh~ld!,r qf the
oblig'ations'thereby secured does' hereby make subject"and',.,subor~inat.e4he J'i'ens' thereof
to the Easement granted, by C. ,F'. Poway, Ltd., 'a Call.fornla Llml te
, partn'ershlP,
to THE CITY OF POI,AY, it being' understood and agre,ed that foreclosure ofsaici Deed' of
Trust shall not affect, defea'i: or rende-r ,invalid any rights under and by vii'tue of
said, 'easement, and 'said easement 'shail be paramount: and stlperi'6r to tne' rights of
any pprchaser, under a foreclosure of said Deed of Trust.
Said easement was' recorded 1\J\I!~be,..- g,I'i'iO, File No. '10 -l"Dt?511.
the real property' described in said Deed of Trust.
. and affects'
'The undersi'gned Beneficiary of ,said Deed of Trust decla,res and acknowledges that it
hereby intentional-ly wai~es t -relinquishes,. and subordinat~es the priorities and
superiorities of t~e lien ,'-nd- charge of said' Deed of Trust upon the land described
therei'n in favor of'said easement, ,-,~d" that it uriderstands that"in reliance upon' ,and
in, consider'!tion of' this 'waiver, re,Linquish::ient, and subordination specific moneta-ry
and other obligations will be entered, into 'by Third Parties which would not 'be 'made
?r enter~d_ into but. for ,said r~]:iance and the executi"on hy. Beneficiary of 'this waiver',
'relinquiS:h~ent, and subord'~nati'bn..
Dated:
R/!1 ,No.
'~Exc ~ "::0..
I'roj c'c t:
.l?=:;E~ICL'G..Y.:.
TORONTO DOMIN,J;O!:,
'(CALIFQRJ~l;lA)!i ,1'NC-., A
rA(IFORNIA CORpnRA~TnN
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::OTE: ALL SIC:;ATURES ,:,lUST' BE AGK:W:,1.EDCED
:lOTARES: Use proper forro att:J.cned
or 13t~~ie approprlate:~
f'Jrm th'ereco.
By:
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STATE 'OF,.., ,."" .." ,." ,." ,. ",."""""",
County of. :... "!'" '....~................ .;~.. ...;...
} ~s
c'PARTNERSHIP Foml
q~ thi 9. ..... ..........d_By...Or.. .... ............ ...~-. ;-, ,;1\. D., i9. _. ....be~o_re me............... ............ ..... .......~....;~ ......................
s t:'1Olary-Public in and fOf the said Count~ and Slate. residing the~ein. duly commissioned.~nd.8wom. perso_naHy ap}:leared......
.....................................~~.;................:.....;...:................. known. to' me ~~ be'one 0"( the partners -of Ui~ pertri-ership that
'.!!xecuted the within instrument~ and 8cknowl~dg~d ~o me th~t 6uch partn-:fship executed the same.
1I11 Witnrss WIJrrrof,1 hsve he,eunto set my hand and sifixed ';'y official sesl the ciay ~nd yelll" i~ this,certifics" 'p'5t
above written.
, .
.....................~............................. .............. ...........~,.....
Notary. Public. in and. for said' County and' State..
GENERAL fORM
STATE OF,... ........ ...".",,',.,,. ....,.... ....,
County of.......... .......... ..:.... ............... ...
} 55
On th.is:..... ...... ........day o'f... ....... ,. .:~.. ...;~.;:.... .A:I;>., 19._.~.... b.efore:me..... ~....... .............. .... ...... ................... .....
8 Notary Public in and for,the said CounJY and state. residinC therein. duly commissioned and Sworn, personally appeared......
..................~........................... ..'...............~..~:.................... ........... ~.................................................. ...................
personally:known to me to- be the pe.rson."~.~...whose"name .'.~........................;su_bscribcd to .the wi,thin Instrument, and duly
aCknowledged lo me th8t..........he...........execute~ ~he ,same.
3111 Witnrss W~rrrOr.',1 have ,hereunlo set my hand a~d .afrixed my,official seal the day and year in this certificate first
a~ve writte~.
................, ~........~........ ........ ',' ."............................;........
Not8.ry,public/in and for. said County and'State.
CORPORATIO:-<TOR~I
STATE OF..(}((..,t:'./a<Z-.I),).t.~lc....'....} ,
Coun',y or"...;.....(1."-,....4,''1..:.. ,~...... ss
'" ;'. . f.. /'7 1 L . r.;;. . . ("7'. ,J J... ' S. I,. .
O~,thI8...... ;'~.. ;..;..day of...V~~.....A.D.. 197..Q.. bcCore TEe........;::u../..{.I!J......................!I.t;.:..tm............
aN,c:ltary"Public. in~'il11d ror'the- said COUnl):' arid State. residing:lhere_iri; duly co~mlssioriei:i and sworn, personally,appeared.......
......,'Jf.,..:..f.L,.....-,e.(?,:~.I}).i1,w..:...:,.....,:..:..,..,.,:"........~-...,:known to me to be "e.............,..t/.,,"~..~,.I''''sident
and..... ..~.-.... ....i"~.... ~'. -;:.;:. ......... .~., .:_.. ....r..... ....~;b.. .......... ..k.~o....-n to me to be, the.. .... ............. ....... ",. Se.cretaty
of <I>e,.,...L<?B:ll>~i.=, ,., .~,.'J1,(.~.U:?,.!, ..~r.....G,k.I.::t:-t;&W,!tl.j ,+.,~."....,......,',... ,.".".,.... "<<,,,... '...,.. ....,.,
the CorporUti_on that e:ll;ecl!.~d the, Within Instrument; known- to 'me 10 be the: persons who executed the within Instrument, on
beh8~( o(th~.Corporat~on therein named.-and acknowledged. to me th~t,.auch Corporation e~ecut.Cd tho same.
lJnWitnrs5',W'iJirrof,1 hn"ve he'eun'" set my h31ld snd affixed'my official sesl the day,slld yea, in this certificate fi"t
above written.
OFFICIAL :':EAL
SUSAN l ~ACK
NOTARY PUBLIC R CALIFORNIA
loS AfIGELES'COUNTY
MycOmIll. expires JAN 13, 1993
.-7. ~
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~otil.ry Puhlic In nni:i~r('Jr saidColirity n.rid Stnte.