Subordination Agreement 1991-0087359
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28.-8--1'991, " 08: .e11 AM
SAN:'DIE@ COUNT;Y RECORDER'S OEFICE
"ANNETTE EVANS ,~OUNTY ~ECORDER '00'
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RECORDn~G '8EQUES'IED BY:
',THE <<n;'t O.F P0h'A Y
0;E,;; RECORDEiJ l-~",iL '(0:
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'IHE cI,r:;; OF 'PO',,'AY
P.O'. BOX '78\J
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'r(J,~iAY:; CALIFO?lHA
9;2064
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'THIS SP.t.CE FOR RECO~ERSUSE .
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SU30?J)l:-iATlON AGREE'lEtlT
FOR VALUE RECEIVeD, the u:odersigned:. as BenefidaD'under a Deed of Trusc dated
' :May -31, :1990',; 0" "..,,, , .. ,reco[se4':b, lOhe' ,Off,ice,' of:';:Lne,Cou",t:y Recorder of San Diego "',
.'Coun1;y' June.14; 1.990 ., FileNo. ,.90-322252 , ., alldas oeener, :a"d holder of ,Lhe:"
Obligiti,-onsS'rlerebY'St'c":r.Ad,'do~eShere.by,' :t:':ake,:'sub~ecL aud, sUb,o.fdin,i'jef:.lie lien,; ihe,eof', .
,,&o,.che" :;_as.~,r.l~nc.graIlLeq 'by ,Cha:~les ,r;. McLauc Ian ,.;lAcl; R~., ey ". ~ ve y . ,
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to THE CITY-'OF, lCOlJAy., i'L"being'uIlders't:oodclnd ag.reed( dfat: foreclo,sure .of said 'De:ed "of
'TrusLshallnoL affecL.,defeat, ;o,r (ender iIlvalid "nj 'r:igl1Ls under and l,y l(irLue of.
,safdeasell',enL;, .and said, ,ease.r-ent; sha'll,be pari",ou'nL and:;;up:erior to' Lhe rights of
~a.i:fy purc'h2's~r under a fore"CTo'sure o'~ said Deed 0.[. Ir~~s,t,,;;:
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:/ iSaia ,easecieht "'a,5 ncorded5t.,b. ':;tS'j i''14' \ ,File 1;0. 1~'i'1L8o '/)l~sg
''', .,the real property descr'ibed 'i'n "said De'eel o'i Tr-,(i'st.
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'::," ~The.'unde,r~sign.ed E~n~(i.c:{';i'i:)rofS~i:.'i Deed, of' Truss ,(j'ccl'''fes and. 2ck..'10'...'ledges 'LhaL iL
.. he.reby 'inte'n cier,al'IY'''ya,ives', reY#i~u'iShes. and subordina cesl' the prieri tie's and
superioriLi'es 'o'f Lhelien, a~,d charge of said Deed of ~rusc upon Lhe land described
,t;heFein. in fa~O,L of sa~dle2:'e:::eni:"an.a' t~at it undersc.ands~hac, in relia~:e Upon and
1,n.cons1der;lc:.on of Lh1s, <Ja'1yer, re11nqu1sp..:::enL, and subord1naL10n ,spec1r:::c r:Jonetary
and, '.other obligations <Jill be e:g.ered {:OLO by T'hird Par,ties, "hich<JouId r.OL be made
o'r',ente.red i:1to 'J,UL for said ireliil"nceand :ne e,:ec:..::ion ":1 !leneficiary of this "'aiver',
rc:li~.q"tj'ish:-:;en':cJ ,.::;nd subord~i:-,:a.t.:.o-n.
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. and affecL:;;,;- ':'
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:Da'ted:
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truly- '24, 1990
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Riley J,. Lively
Onie O. .Live~YI
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XLL STC:;:\TuflES ""UST "", . c....O'" "D'C"D
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", '~:OT:\.'nE;S:: Uoe ,p'i:opcr 'for;:, acochod
or :it.l,P.1"c approptI.Jcc
for", thereto.
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GE:'\ERAL FOR~I
1782
STATE OF.....<;.".U~>!m~9.................. }
County of.......S.an..D:i.egQ................... :ss
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On lhis....?~.tI:t.........day of.........:!!!.~Y...............A,D.. 19..9.9.. before me.....l?gHY...1,...$.".:!-J~L...........................
a Notary Public in and for the said County a."'ld State. residinc therein. duly commissioned and sworn, personally .appeared......
,.... .g:i.~~Y. ..:l.:.. .r,.~X~~Y. .!!~~ ..?':'.~.':'. ..q.....~;i; y.!'.1.y.....................................................................:..............,...........
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.personally kno....71 to me to be L'"te person......\.\.hose nnme ............................SUbSCflbcd to the within Instrument, and duly
:lcknowledged Lo me that..........he..........executed the sa;i1e.
~ 311 l.})i[nrss illlJrrrof, I have hereunlO set my h;lJ1d and affixed my oflicial seal t'-Le day and yee.r In this certliic':lle first
aoo'.e written.
OFFICIAL SF"-!.
BHTY L SEitER
fWTARY PUBLIC - CAUFOl<N1A
SAN DIEGO COUNTY
'My comm. expires JUN 1, 1993
...............Ik.7!F-;;L..~~........,...........
~olary Pubfic in and for said CO!"lnly and Slale.