Subordination Agreement 1988-380915
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R.ECORIitNG'REQUEST!,:D BY:
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!;}&u 1\ c - AMll: Or
THE CITY OF POWAY ,
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WREN RECORDED MAIL TO:
,THE CITY OF POI,AY
P"O. BOX,:,"
'poj,,;.:y, CAI:IFORNIA
92064
NO fEE
THIs SPACE FOR RECORDERS USE
"', ,
SUBORDINATION, AGREEMENT
:FOR. VALUE RECEIVED
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"<March )1'3, 1987
Count'y',Mai'ch 1'3 198'T'
obl:igai::i.'ons, 'thereby secured
to the 'E~sement grantedpy
the, unders:igned, as Be~eft~:iary under a 'Deed of Trust dated
, re'cord~d in 'the Q;ff<;e '.of 'the CO)l~ty !l-ec:order' c,>f Sa,,! Dl.ego ,
,FHe,Ni:i.. 87":262042, "and"as owner and holde.r ,of: the
does hereby make subject'ana 5ubord1nate the liens thereof
-Fnng"':~'ing Tnr A (:::l1i.fnrn';';l r.n.r'pnT::!tinn
to THE CITY of POWAY, it be:ing'"understood and .agreed thatfoi'eclosure of safd Deed of
'Trust shal1~ot a'ffect., defeat or renae:r ':invalid any,dghts under and by virtue, of
sidd easement, and sa:idee:semeiltshail be paramountan'd super:ior to the r:ights of
any purchaser under, .afcireclosure, of said Deed ,if Trust.
Sa:ie:! !"as.ement. wasrec.c>rded.7 .",;{.s--"-'8/(
the reaiproperty described :in said Deed of
,F:rle No . iff - '3~.5-q 7 f?s-
Trust.
and affects"
The undersigned Benef:iciary of. said Deed of Trust declares and' acknowledges that it
herebY1ntentionally wai~es, r~r~~qu:ishes, and subor~inate~ ,the priorit:ies and,
superiorities of the ~:i,eri, arid charge of said ,Deed of Trust upon the ~anddescribed
therein ~:in favor of sa:id easement; ,and ,that1 it underst'a'ilds 'tliatiil 'reliance upon arid
in,consideratfon of this waiver" 're1!j.nqu:ishment, and subordlnaUon specific monetary,
and other 'bbl!:lcgationswf'11,be 'e!'tered 'into by 'Third'Parties wh:Lch would not be made
or entered, into but for, sRid reliance' and the execution by B~eneficiary of th:is waiver,
r,~ii.Iiqui'.s'nrneht, an'd subordin'atiqn-. .
Da t'ed':
R'N No.
,Exc. No.
Project:
BENEFICIARY:
GENERAL BANK
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Min', 'C'.Chci '. P
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By:
'Of,f~,cer
NOTE: ALt~I9~ATtiREs 'MUST BE:~CKNOWLEDGED
NOTARIES: Use proper form attached
or staple approp'rhte
'formtnereto;
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STATEIO!,:", "..,.."", '...."", """,.." "'" },:~S
County,of........................................... . - -
PARTNERSHIP.FORM
Oii; ~J:1is~.._._~.; ::........ .day' o.(..~. .-. '..; .,;;-~~'.-~.~.. .~'..'.,';. .e..'.D~-~ 19....~. ,Defo_re.-~e,__.,;_..;; " .,;;":" ;;-.'.................. ..... ...;.. ..:.'...; ;;'.; :.~....;. ..~\
',8 t:'J~o_taiy' 'Pu_bli~ in ~d'for the~sa!d. County i;ind ~!ate, r'es'iding,thcre.in,.d_\11y, c(),lJ.l!t}j~sic?nei:l: on_d sworn, p'ersonaJly ~ppe_a!e~..~_".._.
.......... ....................................... ..:... .................._......... .... known to"me~i'o "be:'one;of.the partners ot'the, 'partners'hip.that
,executecLthe within,'instrumen~, ana acknowiedg.ed to me,'that such',partnership execuiea,~the same.
1Jil ;lli~fn~ss W,lJrrrof, I have :here~!lt9 ,~'-e_~m9 )hand and affixed ,my 6ffici~! -s~e.al the day,'aild'y~ar-in this'~ert)f(cate'fi!sl".
above .written.
Notary;P.ubHc/i'n and for said County,and State.
GtNERALFORM
STA TE;OF,.."..,....,....,..""""...."....",
'County or..... ............................ ..........
} 55
On this....................day of........................ ..... .A.D~. 19....... before me..... .......... ..... ....... ..................................
a Notary'Public'-in and forth-e said County:and .State. residing therein. "duly ,commissioned"and sworn. personally appeared......
- -". - .--' -"
.. -.... -..................,.......... .... .. ~.. ................. ........... ..... ........ .... ..... .... . ...... . ................ .... .... ..... .......... -..................
personally kno'NIl to me to be the person......whose"name .:..........................subscribcd to the within Instrument. and dl-lly
:,ackn9wledged to ,me that...-; ..._._::h,e... ;....~':executed the "same.
lJn Wltnrss Wl)rrcof. I have hereunto set my hand and affixed 'my official seal- the day and year in this certificate first
,above writ~en.
Notary Public::in and for said,County and State.
./
COl:l.PORATION FORM
STATE OI',..,",9,"'.'!',:!(t'?-'i)'~!!h".."'..,.., }.
C.ouniy"of~~;;~-._:.;.ws. .A.u.g:a;las............. .. :~s's,
, .20th.... ., July" 87 . '
OD: ,this,:.,;..;...... .._.;;;.:. .d_ay'of:.. ~.................... ..... .'A.D~, 19....... ,before me,.............................. ...... ................... ......
a Notary. pubiic'{in.and for the :~..a:{d CoUnty W1d~State';'~residiilj~ therein'.: duiy:commiss'ione-d 'and sw,()~;<p,~'rsorially appe-ared:.-;....
.. . :M;'n-" ""0'.. ". , . . ,.,. known..to'me'to 'b'e-'t'b'e Ex'e'c.t.itiveVic.e~re'51:'d.e. nt
...............':r._t... .....'Y.I.\-'.J"... ............................................................... , ,'" .............................r
-;J. . ,.- ,. ,,-- .... .', ,Loan'Offic.er...,
and............ J;nn~..~fl.p.......:.~..,......~..........................~..,~...~~.....,...... kno~ to. me'to be' the..............~.... ...,,'_...........Jl~
of the" ,." ,...,,:.,., ,G~J)~ J: II'!', ,11.n\t.",..,.""""""""""""""",.""""",:,:",.,."",.,.""""""""", ""'.'"""",'.'"""",.",,
the' Corpor~tioil, that."'~~~c~ted the, "-,.i,thin Instrumeilt;'known 'to;;,me; ~-, h.e U~ep,ers6i19 who execu'ted the' within Instrument, on
behalf of'th"e{Co~po~ation therein named',:and;'acknowledged to me that such Corporation executed the:same.
1111 Witncs's Wlfrr'rof.,I have h-ereunto set'my hand ,and affixed my offici'al seal ,the day and year in this <?ertificate first
a,hove ~itten.
OFFICIAL SEAL
cAnjYd,H:UNG
NOTA-RY"PU8LtC'~ CAL!FORNIA
" LWANGEiES COUNlY
M~ comm. expires MAR ~, :1991
.............,..{{!;~,(g..,~~'.................."..,
Notary"Public lZ:md,for Said County and Slate.