Subordination Agreement 1989-030082
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RECORDING REQUESTED BY:
1989 .JAW 19 AM 9: 30:
TIlE. CH-Y OF pO\{,\y
I 'My'!"H" L, LYLE I
LE..OUNTY RECO!\D!~n I
WHEN RECORDED ~lUL TO:
THE CITY OF POIIAY
P.O. BOX,.-j'S9
PO\1,\Y, GALIFOPu'HA
92064
NO FEE
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THIS SPACE FOR RECORDERS USE
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SU~ORDINATION AGREBlENT'
FOR VALUE' RECEIVED; the
'September 27, 1988
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County October 3, 1988
obligations thereby secured
tO,che Easement granted by
uild'ersigned, as Benefici'ary und'ei" a 'Deed of Trust d:ate'd'.
recorded in the Office of the County Recorder of San Diego
File No 88-SUISS8 O.R., and as o=er and holder of the
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do-es, hereby make subject ,and ,subordinate the liens t,hereof
' Poriieradc Properties, A,Californi'a Ge'rieral Partnership
to THE CITY OF POI,AY, it being' -uriderst?<>d a~d agreed thai; foreclosure of said De'ed of
Trust shall not affect, defeat or render inyalid any rights 'under and by virtue pf
said easement, and said easement shall be,paramouritand superior to the rights or
any purcha~er under a foreclosure of said Deed of Trust.'
Said easement was reco,rd"d /-0- fCf , File No. 'i?9-o Ot,t, tJ~
the real property described in said Deed of Trust.
J and, af~e>C;Js
The undersigned Beneficiary of sai'd Deed of Trust declares and acknowledges that it
hereqy intentionally' waives '. relinquishes, nnd subo"dinates 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 understands that in relianc~ ~pon, a~d'.
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in~ consid'er~tion of chi's uai'ver" rcl,in'quish=ent. and' subordination specific monetary' ,
and other qblig~tio~s ;..till be eq.::c;-ed into by T~i:rd Parties, '~hi.ch "Wo.uld .n?!: be m\lde.... ~
or entered i.nto but."'for said reJ:iance .:!,nd ::he, execu::ion oy: 3ene'fi.ciaryio'E: this tJaive_r~ ~-=
rclJ"quish:::ent, .:md' subor:di:1..l.ti0n. ' "'::'
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Dated:
December 5. 1'988
"'::-.'-:::'ICI,"::"V:'TeCh-Bilt, Inc:,. A californi_9-':-
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R/rl (:,0.
,Exc,. ~:o.
Project:
. corporation
1'chang,
res]; ent
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3y,:
By:,
::OTE: .\Lt, SIG::,\TU:<~.ES:.IUST BE :,C:::;O:,'LEDGED
:1OTA.'UES: 'U~" proper forn attached
or ~t~ple appropriate
form thereto.
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. 'r~A'T..t,jF~N-N9'OG'3;
. IrO;;.:~6.~A (9-84)
(~ap.:ncrshlp)
. . STATE OF'cAuFORNIA
COUNTY OF
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said State, personaIIr appca~ed
before me, the undersigned, a Norary Public in and for
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" personaJly known to mc'or
proved [9 me eon t.~e basis of.satisfacr.?ry evidence to be
the person _ who'execu~ed the' within instrument' as
. , ,of'the partner~ of the p'~rtncrship
that ,executed the within .in~trument, and acknowIcdg~d
to'rne ~ha~ such partnershlp'cxecured the'same.
WITNESS my hand and official seal.
I Signature
(This':l.rca for\}([icial.notarial'sCal)
CAT. NO. NN00737
TO 1945 CA (B-84J
\ (Corporation)
STATE ,OF CALIFORNIA
COUNTY.OF
} SS_
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On before me, the undersigned, a Notary Public in and for
~:iid St"at-e, personally appeared
personaJly known ,to: me ,or proved to r:ne on, the basis
(If satisfactory eVidence to be the, person who executed
the within instrument,3.s the .
: fresident, and
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personally k~c;>~f1 to me 'or
proved to m~ on the bas~ of satisfacto~y eVidence to be
the pers~n who executed the within inst.rument as the
Secretary of the Corporation
that execut,ed the within instrument and acknowledged
to me that such corporation executed the within instru-
ment pursuant to its by-laws or a resqlution of its
board of direccors.
WITNESS.I~lY hand and official seal.
Signature..
(This area for official notarial'seal)
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CAT. NO. NN00737
\ (~&ir~::~:n\~-B4)
, STATE OF CALIFORNIA
COUNTY'OF San Dieqo
On December 5, 1988 before me, 'the undersigned; a Notary Public in and for
said State, personally appeared Paul K'. Tchanq
personally known To',rneor' proved to mcon",the basis
o'f sadsfactory evidet:lce to be the 'person who executed
the within instrument as the .
President, and - - - - -
persorially kri6w~ "to 'me ,.or
proved to me on the 'basis. of sat~sfa.ctory evidence to ~~
die persol) who executed the withi!) in~trll:ment as the
- - - - - ;Sccretary of .i:he Corporation
that executed the'wirhin instrument and acknowledged
i:o me that such co~poraticin executed the within instru-
ment pursuant-' co its by-laws or a resol~tion of its
b~"ard"(,{d{rectors.
~rfNES~,my hand'and official seal.
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'OFFICIAL SEAL ,
EliZArflll J. &OUl EmCE 0:
NorARY P\i8UC ' CAUFORNII\ ~
'PRiNCIP~L',OI:FIC~ IN
SAN DIEGO COUNTY
My Com.ml~sion E~pjres January 18. 1991
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Sig~alur~
(This area for official notarial seal)