Subordination Agreement 1986-242403
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86":242403
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~ECORDED IN~
OFFICIAL RECORDS '
OF SAN DIEGO COUNTY, CA.
1986JUN 17 AM8:00
UVERA l. .LYLEU
COUrtlY. RECORDER
RECORDING REQUESTED'BY:
CHICAGO TITLE INS. CO.
~Wi rI~Y QF F0UAY . '-
\...:'.
WHEN RECORDED MAIL TO:
5'3
THE CITY OF POWAY
P.O. BOX
POWAY, CALIFORNIA
92064
NO FE'E
H/V
THIS SPACE FOR RECORDERS USE,
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust dated
Ti'lnl'li'l'ry 71. 1 CJ77 , recorded in the Office of the County Recorder of San Diego
,County M;,r,rh' 4,. lCJ77' " File No. 77-n79733 , and as "Wiler, and holder 01 the
obligations, thereby secured does hereby make subj ect "and subordinate the lieris thereof
to the Easement granted 'by n,db'f'rt l. Huahes
to THE CITY OF],oWAY" ,~t ,~e~ng, unde~s:t'?.o~ art~",~g,r."e4t\;a~ foreClosure of said Deed of
Trust shall not', affect, defeat. or,' render ',invalid any: rights ,under and by virtue of
said easement,. and" said ea.se~~nt '~hali be paramount ariCi "s1+p.erior to the rights of
any purchaser under a foreclosure of said Deed of Trust.
Said easement was recorded JUNE 16,1986
the real property descri~e~ in said Deed
, File No .86-241449
of Trust.
, and affects
The undersigned Beneficiary of said Deed of Trust declares and acknowledges that it
hereby intentionally waiv_es', "relinquishes, and subordinates the priorities and
superiorities of the lien and .charge of said Deed of Trust upon the land described
therein in favor of said easement; and that it understa~ds that in reliance ~P9n and
in consideration of this wai~er) relinquishment, and subordination specific monetary
and' other obligations will be entered' into by Third Parties which would not be made
'or entered into but for said reliance and the execution by Beneficiary of this waiver,
relinqu.ishment, and subordination. ~
Dated: X. ~~ " ,
BENEFICIARY:
Geographica~ Ventu~es
Ltd., a limited partnership
R/H No.
Exc. No.
Project:
By:
y.~/~~
~~v~/r ~~
By:
NOTE:
ALL SIGNATURES MUST BE ,ACKNOWLEDGED
NOTARIES: Use proper form attached
or staple appropriate
form thereto.
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j ';,sti<teof "} Onthisthe_dayof 19_. before me. i:
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ffi ~ ~
~',:,r County of \!j
l the undefsigned,NotaryPublic"personally appeared [1
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,~ 0 personally known to me ~
'1 0 proved to me on the basis of satisfactory evidence \,'~
1;( to be the person(s) whose name(s) subscribed to,the ,J
-' within instrument, and acknowledged that executed it. \J
j WITN ESS my hand and official seal, ~
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:1 ,. Notary'S Signature . ~l
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-PARl'NERSHIP 'AeKN0WLEDGMENT-
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,) State of califOrnia,} 55. Onthisthe~daYOf Apf2.JL:- 19~.beforeme. ~
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; County of ~~11:-t- l), W ',,:>1) 1:-l\J ~:,"',~:'
the undersigned Notary Public, personally appeared ~
j eo~~\ L. ~~('Jol\\.t~ ~!. J ClltTl<;. L.bUSS ,',\
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V personally known to me ~
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o proved to me on the basis,of satisfactory evidence ,')
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to be the person(s) who executed the within instrument on behalf of the :Ii
partnership, and'acknowledged to me that the partnership executed it. ~
WITNES~~
Notary's Signature
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OFFtClAL SEAL -
KAREN 0, WISOEN
NOfAFrr PU8l.tC CAlWORNtA
PRINCIPAL OfFICE IN
LOS ANGEL!S COONTV
My Comtnbsioo hp. 1I11 10. 1987
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CORPORATE ACKNOWLEDGMENT
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, State of } On this the ~ day of 19_. before me, ~.'X
B ~
County of ~
the undersigned Notary Public. personally appeared .,
,
o personallyknowntome
o proved to me on'the basis of satisfactory evidence
to be the person(s) who executed the within instrument as ,
or on behalf of.the corporation therein
named, and acknowiedged to me that the c'orporation executed it.
WITN ESS my hand and official seal.
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Notary's Signature
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