Subordination Agreement 1989-053352
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RECORDING REQUESTED BY:
THECUY OF POWAY .
a9)jA~'31 'RIHI~42:
WHEN RECORDED MAIL TO:
VEHAL. LYLc,c..l
1 COUNTY'RECORDEL!
~
THE' CITY OF 'POWAY
P.O. BOX,:."."
POWAy, CALIFORNIA
92064
gq -05 33.~~ .
THIS SPACE FOR RECORDERS USE NO FEE
SUBORDINATION AGREEMENT
(Parcels 7, 13, 16" 18&22:)
FOaVALUE RECEIVED, the undersigned, as Beneficiary under !a,Deed of Trust dated,
.15 :EebrITary' l!988 , recorded, in the Office of the County Recorder of San 'Diego
Cotirity24 February 1988 " i{leNo)88-083824' " an~ :as owner and holder o.f the
oliligations, ,thereby secured does:hereby make. subject and ,stibordinate the ,lien's thereof'
to,theE!,se!,",ent granteqby .. ANTHONY J. AVIANO AND MARIAN J. AVIANO. Trustees
of, the AVlano 1983 Trust dated December 29" 1983
to :THE C'ITY.oF POWAY, it being' understood and agreed that foreclosure of' ,said Deed 'of ' .
Trust ,shall. not affect ,lefeat ~r render invalid any rights, under and by virtue ,of
said easement, and said eas'ement shall be paramount and superior to the rights of
any purchaser under a foreclosure of said Deed of. Trust.
Sai"d' easement was recor'ded~II-'9- 88
J- -,
th~;:Feal property described in said Deed
, File No. 68-577785
of Trust.
, and affects'
Tlie"undersigned Beneficiary of said. Deed of Trust declares and acknowledges that it
h"o;;eby intentionaHy waives, relinqyishes, and, suj,oFdinates the priorities and
sup~rioritdes of the lien ,andch~rge ofsa'id Deed of Trust upon the land described
:therein in favor of said easement:,' and, that it. understands that in reliance upon arid
--i~-c~ns{deration~of-this-waiver,- retinqui~~~ent,-and-subord~nation-specific monetary -
and' 'other o,bligations"ill ~e ep.tered into by ':Third Parties which would not be made,
or,', '~nte:r,:;e~ ~~rito Dll.; fo! (.~?:J.c;i r~l.iante and' the ex~~ut;~io~ 1?Y Beneficiary o~ tl?i.:s wa~v~r,
relinqu~~tmeht, ahd subordination.
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Dated:
&/lR/L '7. J"lgg
CF POWAY, UD.., aCil.1 i.fo"fli.%
BENEFICIARY.: Li mi'ted 'Partners h.ip .'
B~: U~ POM~RAUU~.jNLc
. Gen ra1 Panner .
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'?oIl. No.
EXc-::- No.
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By:
By:
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NOTE:
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ALLSIGNATUR~S, MUST BE ACKNOWLEDGED
'. NOTUttS: Use",proper form' attached
. or8t~pl~'a~pr~i>ri.ite
form thereto.
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STATE OF CALlFORNlf -nJ -/
COUNTY OF ~~j,,~()
On '7 !/p,e Ii- / '198
said State, personally appeared RO M / J<
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, before me, the undersigned, a Notary Public in and for
M KF~A~ -
. PCI;:loU' ,...11, L.o..., t8 me (or proved to me on the
basis of satisfactory evidence) lo be the persons who executed the within instrument a~ '
President anrl 8c~,o'o "on behalf of C F f'tJm EI2IJ[JO r
J;JJil
the corporation therein named, and acknowledged to me that said
corporation executed the within instrument pursuant to its bY-
laws or a resolution of its board of directors, said cor'poration being
.':known to me to be the general partner of~::r 'PO uJ k7,
f-,-rD'
the limited partnership that executed the within instrument, and
acknowledged to me that such corporation executed the same as
such partner and thaI such partnership executed the same.
Signature -
OFFICIAL SEAL
KATHLEEN E, SMITH
Notary Public-California
SAN DIEGO COUNTY
My Comm- Exp. Nov. 16. 1990
(This area for official notarial seal)
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