Subordination Agreement 1988-055249
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055249
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, fiECOflDEDlt1 I
I OFFICIAL RECOHOS -,
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,RECORDING REQUESTED BY:
1988 FEB -(I PM 2: 57
, THE CITY OF POI,AY ,
I ,YERA L, L'i'.LE I
~lINIY fiECI);Wi.::..___
WHEN RECORDED MAIL TO:
THE CITY OF POHAY
P.O. BOX ,Y39
POHAY,. CALIFORIHA
92064
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iMOFEE
THIS SPACE FOR RECORDERS USE
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SUBORDINATION AGREEHENT'
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FOR VALUE RECEIVED, the'undersigned, as Beneficiary under a, Deed of Trust dated
"May 21. 1 qR 1 , recorded in: ,the Office of the County Recorder of San Diego
County M;,y /7, l'QR1, 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 Connty. "
non~profit corporation
to THE CITY OF POHAY', .'i t being' understood and agreed that foreclosure of said Deed of
~rust 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.
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Said easement was recorded "S{l./J, <R"l, '1'1'1\'6' , File No. '6)) -OYl{'1 -:'S
the real property described in said Deed of Trust.
, and affects'
., The, undersigned Beneficiary of said Deed of Trust declares and acknowledges that it
hereby intentionally waives...;elinquishes, and subordinates the priorities and
superiorities of the lien and charge of said Deed of Trust upon the land described
therein iri favor of said easement, and that it understands that in reliance upon and
in. consideration of this waiver, relinquishment, and subordination specific monetary
and other obligations will lie entered into by Third Parties which would not he. made
or'entered into but for said reliance and the execution by Beneficiary of this waiver,
relinquishment, and sUQordi~ation.
Dated:
R/I{ No.
Exc. No.
Proj ect:
j,:Y-lvr1?7
BENEFICIARY: Hidden Valley National Bank
By:
1ftV,
By:
NOTE: ALL SIGNATURES HUST BE ACKNOWLEDGED
NOTARIES: Use proper form attached
or staple appropriate
form thereto.
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.5u.borctilBiioY\ ft~~ttt- kW! CORPORATION FOR~l
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Counly or,......~J<),.),(f'iJC"",...."..,'
On Ihia......1.Io.t&....day or...:btJ!P.m,bl((......A,D" 19..Q.? berore me....Ju.V,Y.t..,f.\,:..lG.td:\(/.).................,:..
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a Notary Public in and r5'f the 'nid Coun,y and Slnle, re,iding therein, duly commissioned nnd 'worn, pe<sonnlly nppenred....,..
.....1f11i!..h~J.."g"rR;f7IJ5"..,.cil(ld...IJ.Q...o.tlr.e.C>..:,..,",......known to me to be lh.",....,..,............;~.... Presiden'
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or the..... ..,d:f.LddeY.z..IM Ifbf' ~t!f?I1<YL.", ,c9f!.t:.....,' ,....,',..,........,.. '.. '..,. ,.., ,.."..,...,..,',........,....",...."..""
the Corpo,"tion thnt ex.cuted the within Instrumen', known '0 me to be the persona who executed the wilhin Instrument. on
behalf of lhe COrpornlion therein named, and acknowledged to me thnt auch Corporation executed <],. Bume,
1111 Wirnrss WiJrrror, I have hereunlo set my hand and affix.d my omcial s.nl thn dny nlld y.nr in this certificnle firs'
8 hove wri Hen.
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.~ OFFICIAL SEAL
ro, . " JULIA A KITCHEN :
of, '.' NOT,4.RY PU.3l1C-CAltFORNiAP
'..c, SAr; DIEGO COUI~TY
MY COm. UP. rmv. 6, 1989
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'''(J;otnry Public in nnd for said County and Stnte.