Subordination Agreement 1991-0087381
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RECORDING 'ili:QU:;;S:rECD BY:
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D.m~i: .1991-b08?~~:1
28~~B-1991 08 --"7 AM
SAN DIEGO COUNTY RECORDER'SOFF~CE~
ANNETTE EVANS, COUNTY RECOF:DER,
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THE CITY "9:( 'P0hll~Y
WHEN, 'REcORDED }s\IL TO:
THE CITY,OF ?O~iAY
P. O. BOX, 1.89
THIS SPACE FOR RECO~ERS USE
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SUEO~i:':'.TION' AGR.E~!..E:n
~OR VALUE ~CEiVED, the
.,;May"Jl,.1990" '
JUT,e 14, 1990
und'e_r~~gned) '2S Beneffc.iary' un'd'e"1: ,a Deed or Trust dated
reCO"I'c!"d'in the Office of the. COurlty Recorder of S,'ln Diego
. . 'File No. 90-322259. . and as O'.-ner and.hol'der of the
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d~es ,hereby ",ake subject :an'd:sub,otdinaJ:e j:.)je liens thereo'f
Charle's L.:McLauCfi'lan, all.c! .R~ eYJ. IHvely
-Co,uTi t,y-
ob~iga'tionsther,e8y s"e,cured'
to! the Easenenc grant'ed by,:
,to::'THE CITY 'OF POt'AY, it being und'ers'tood and agreed ,tl\'at foreclosure of~aidpe"d 'o'f
Trust sha'U no.c,' affect; def€'ac 'bi' ,~ender invalid anytigh'ts unci,er and by virtue of
.sa'id' ease!l'.~n't.,. and satd ease:::e!lt sha,ll be pai2,",ount and: superior to .therights of
any PU~~h2.ser' uncie.:r: a forec'losu~e or said Deed of Iru~~:t.
Said, easement Was 'recorded F='Gb .~'b , 1'14 \ , File),o .'IA~'I _ 00 ){1'3, ,/?O
the ~e?l pr-op-erty descri:hed 'in saxd Deed or Trust.
, and affects
The ui1deo::signed Bene,fid:>ry or' 'sa},d Deed of ro::ust. cjecl':ores :ond' ack..'1o'.;l:edgesthat it
here.by in'tenticc.allywaives, ,r~hilquishes ,and stib6t'dina'tes the pricritiesal1d
su'peiiorities cf the lien <<h'd'diarge, of said .Deed'of 'Yi:l[s,t .upon the l"nd described
thereinfn:favor. of said ease",ent', a')d that' it understan'chi' that in reliance upon and
ih., ccnsider;iC:ic5n,Of thi'" '.;a'iver" 'rel'inq'uisfL",ent, 'and 'suticj'rdination"pecific l:lonetary
,andother-cbliptions '..iill be 'ent'eo::'ed btcby Third'Pani'es"'.;hich ",Duldnot be made
or, entered i:1to but fcr sai.d rii1,iance 2nd the execuciol'l'.by,.3eol1ericia".y c'r this '-'aiYer,
_r:eJ-i'ilquish:::ep:', .Jnd. suboxdi:;'<1rion'~
pated':,
'july 24, :1990
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Riley J. Lively
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Onie O. Lively
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ALL S'lG::\TI.JRES :!UST 3E ,\C:;'::O:,1.:EDGED
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;:0'[;\'.'<10'S:. Uoe prope" 'for:o attached
'0". ot.iple 3pn'rcDriate
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fO'r:1 -thereto.
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GENERAL FORII
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STATE OF......C~lHBJ;:l1~.?.,.............. }:"
County 0(,....". ...f!D. ...;I;~g9. ......... .......
On this ,. ..).~J.J:1........day of........~.':.~x...............A.D.. 19.?~.. before me....~.~~.~.~..~:...~:.~.~.~.~.,...........................
a Notary Public in and for the said County a'1d State. residiryc therein. duly commissioned and sworn, personnlly appeared......
....... ..~.g~y',.!.:,. .~.~ ::~~y.. .':'.':.~.. g~.i::..~:...~ ~':'.~J.':'.................................................................:.......... ................
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personally kno\o\.TI to me to be the person......whose nnme ............................subscribcd to the within Instrument, and duly
acknowledged to me that..........he..........executed the same.
lIn Witnrss lVtJrrrol, I have hereu;1to sel :TIY h.:lfld and Jifixed my ofJicial seal t.'-Le day and yeEI in this certiiic.:l.te first
above .....ritten.
OFFICIAL SEA L
B;ffiY l SEitER -
~JOTARY PUBLIC - C..1,UFORNtA
SAN DIEGO COUNTY i'
'My comm;:Pires JUN l~ ~99-1
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S'otary Public in and for said County and State.