Subordination Agreement 1988-055250
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,RECORDING REQUESTED BY:
, THE CITY OF POl,AY ,
I ,VERALl.n:o!'. d
LCOUNfY HECUln,;; I
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WHEN RECORDED MAIL TO:
THE CITY OF POHAY
P.O. BOX ,Y89
POHAY,- CALIFORNIA
92064
NO FEE
THIS SPACE FOR RECORDERS USE-----
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SUBORDINATION AGREE/1ENT'
. ~OR VALUE RECEIVED; the und'ersigned, as Beneficiary under a Deed of Trust dated
May 21. 1 qRl , recorded in the Office of the County Recorder of San Diego
County ivli'lY /7, 1 qRl , File,No. 83-177975 , and as owner and holder of the
obligations thereby secured does hereby make subject'and subordinate the liens thereof
to the Easement granted by Temple Adat Shalom of Northeast COllnty. a
.non~profit corporation
to THE CITY OF POl,AY, ,it being' understood and agreed that foreclosure of said Deed of
Trust shall not' affect, defeat or render invalid any rights under and by virtue of
said easement, and said easement shall be paramount and superior to the rights of
any purchaser, under a foreclosure of said Deed of Trust.
Said easement was
the real property
recordedJAiI!, .9 9 I tj 8 Ii
,
described in said Deed of
, File No. IU~O-l<f</30
Trus t.
and affects'
The undersigned Beneficiary of said Deed of Trust declares and acknowledges that it
hereby' intentionally waives, relinquishes, and subord'inates the priorities and
superiorities of the lien a~d-charge of said Deed of Trust upon the land described
therein in favor of said easement, and that it understands that in reliance upon and
i~ (in. consideration of this ~aiver, relinquishment, and s~bordination specific monetary
-~'~ ~-'and. ,other 'obligations will be entered into bv Third Par:ties which' would not be made
.~~, ..or .'e'ntered into hut for sai.d reliance and th~ ~x~cution by Beneficiary of this waiver,
relinquishment, and subordination'.
Dated:
.),;{-(hr~7
BENEFICIARY: Hidden Valley National Bank
-.
R/I< No.
Exc. No.
Project:
By:
9JitO
By:
NOTE: ALL SIC~IATURES HUST BE ACKNOt.fLEDGED
NOTARIES: Use proper form attached
or staple appropriate
form thereto.
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~&it'htiol'l ~~ttC .' , OFFICIAL SEAL
dcrt1d.. !CHb-&7 CORPORATION FORM 9",,0 ": JULIA A KITCHEN
11 ...:L-, , '" .. 'J 0 Q.: NOTARY PUBLIC-CALIFORNIA
,STATE OF..,~I(I,,<(I1.{~.................., } ",,' SAN DIEGO COUNTY
Coun'y of..'.,S,.;>,O..:.dL<JD......,..:........ 55 MY COMM, EXP. liDV. 6, 1989
On thi......,.J.IR.0:..,d.y of..,~MA1,~K........,A,D" 19..8..7. befo,e me..~it!,f.t..,t1::..K\tdU~f.1........................
a Not~ Public in and for JPe said County and State. residing therein, duly commissioned Bnd sworn, personally appeared.......
.......In.((!.nC)ZL.IG....t:.(;1i.(;~......QJi'/d...,f1o...o.7i,,l.r:s......... ..known '0 me "' be 'he..............,.............. Presiden,
..aA<d-........-:--.. '{- J''t'" . " ....................'.tl"-.................... knv.... t.... IIle-to-tsa-t:h1!,....:.,..............-:-......:-Eeerelary
of the" '" ,:HJ.c;(C(m ,V.rJl (?Ij, ,AJ~-b'o.m1/.", ,~J:(t:;, ""., ,.,'"""""""" '.',. ,;"""""" '."""""...., ,,' ,,', ",.", ,.""",
the Corporation that executed l~e within Instrument. known to me to be the persons who executed the within Instrument, on
behalf of the Corporation therein nwned. and acknowledged to me that such Corporation executed tho same.
1111 Wirnrss Wi)rrrof, I have hereunto .el my hend and .ff;xcd my ocr.ei.1 seal the day and year in this ~ertifieale fi",
above written.
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orury Public in nnd for soid County and Stnte.