Subordination Agreement 1989-001219
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1969 .IAN -3 P'rI I: 00
RECORDING REQU::STEDBY:
TRE CITY OF PO~AY
I 'jLHA L LYLE;" I
l_E.O!.HHY HE COHDf:W
8q-OOI2.I~
WREN RECqRD::D :J.AIL TO:
THE CITY OF PO~AY
P.O. BOX
NOf~
POlUS, CALlFORlUA
92064
THIS SPACE FOR RECORDERS USE
_SUBOP~INATION AGREEMENT
FOR VALUE R::C::IV::D, the undersigned, as Beneficiary under a Deed of Trust dated
31 Ju1 y 1986 . recorded in the Of~ice. of the County Recorder of Sa::. Diego
County 16 Seotember 1986 . .Fi-le No,. 86-/1.07f1/1.R , and as owner and holder of the
obligations, ther'eby secu~e-d does hereby ~ake subject 'and subordinate the liens thereof
to the Easemen: granted by CF POWAY LTD.. a Ca1 ifornia 1 imited oartnershio
to TE:: CITY OF POi.'AY, it being: unde:-si:oo~ and agreed 'that foreclcs"re of said Deed of
Trust sr.zll no: affect, cef~at or renc,er i;1yalid. any rights under and by virtue of
said easement, .:md said 'easem.er.:1; shall be pzramou-nt and su?er:.or to the rights' of
a~y purchaser u~der a foreclosure of said Deed of Trust.
Said easement was recorded -" \ - ,3 - _'GJcl
the real prope~ty described i~. said Deed of
,
Tr"st.
File No. 6'1-0012.-/'0
, and affects.
The ,undersigned 3enefici2ry of said Deed of Trust decl.ares and acJ.-.nc\decges th2t it
hereby i~te~tior.ally ~aives, re~inquishes, and subord~~ates tne priorities and
,'s"periori ties of the lien and charge of said Deed of T:-ust upon the land described
\ ., - - . .
-the_rein in :avor of said easement, and that it understands' ~hat in reliance upon a:"ld
...in~ co~sice.rat:.on of this o..;aiver, relinquisr:r:ent" and ?ubordin_ation specific tDonetary
and" other obligations ",ill be entered into, by Thi,d 'Pa_rties which would not be made
or entered into' but-for' said r~iiance and the-execution by"Beneficiaty of this ~aiver,
relinquishrnen:, an~ ~ubordi~a:ion.
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Dated: I'IOVEI\{BejL. ,'1 I q ~,i'
R/l' No.
Exc. ,No,
Proj ec t:
BENEFICIARY: SECURITY PACIFIC NATIONAL
~ANK
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_ V __v.,_
By: ~
j;:?'<-k~. 1). I ~\ So""; (I
By: /A(fit.~ J/.il-
'R.ob;", -/:tot.it:l.V"~. V.L
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NOTE: ALL SIG~ATURES MUST BE AC~~O~~EDGED
". NOTARIES: Use prC?per forn att'ached
orstap'l'e, appropriate
form thereto.
...,
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5532-50
DRMNAGE AND ACCESS EASEMENTS ON
LOTS 50 & 51 P.B.P. PHASE I
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C~2364
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COUNTY OF
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STATE OF CALIFORNIA
LOS ANGELES
On NOVEMBER 8, 1988
RICHARD D. NEILSON
, before me, the undersigned, a Notary Public in and for said State, personally appeared
personally known to me 9( I3f9"861 te f'R8 SA t!;Je t;Jasia 01
,
S8~~Sfa818rJ" 8 'iEt8Rse to be a Vice President, and ROB IN HOWARTH
kno~~n to me Sf ws"-:-1 +Q.....Q 0'1 tt:lg b:!l{;i( -;;>1 catiLfi~tory 9Hidgf1cQ to be a VICE PRESIDENT
oithe SECURITY PACIFIC NATIONAL BANK,the association ttJat executed the within Instrument, known to me to be the persons who executed the within
Ins~'~ument on behalf of the association therein named, and acknowledged to me that such association executed the same, and acknowledged to me that
such association executed the within Instrument pursuant to its by-laws or a resolution of'its board of difectors.
WITNESS my hand and' official seal.
(Seal)
OFFICIAL SEAL
HELENE GINTERS
NOTARY PUBLIC-CALIFORNIA
LOS ANGELES COUNTY
MyCommission Expires Aug. 4, 1992
,/
030874 8.83" 25 PS Bank Officer's Notarial Acknowledgement
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