Subordination Agreement 1988-380916
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I ,ikU)F;GC:O IN I
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RECORDING REQUESTED,:BY:
THE CITY OF POWAY ,
1938 AUG -3 Mfll:07
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wHEN RECORDED ~IL TO:
THE CITY' OF POWAY
,P.'O. iBOX :' ' '
PO\,AY, CALIFORNIA
,920.64'
NO FEE
THIS ,SpACE FOR RECORDERS USE
SUBORDINATION ~GREEMENT
FOR. vALUE RECEIVED,
..,. ~, ... .... -. ..." --, --' .... --- ,
H'March'i 1\3 '1987
'County March' 1'3.' 1987" '
opJ:iga(ionsi:hereby secured
t.o theiEasement granted,by ,.
,t:he und'ersigned; as .Beneficiary 'under ,a Deed of "Trust dated
, 'recorded in the ,Office of the County, Recorder of San Diego
~ _.. _, . ,__ .. ";',' ..... .-,.- - _. .' I
,Fire No.. 87-i6204'Z ..arid aS9wner aI1dl!order9.~ ,th~
does hereby make subj ectand: ,subo'idinate' the liens thereof
'1<'t:ng-~'~'ing Tn;" A C,q':l ifnY".n-;::! "r.orpnr::at.; nn
to THE CiTY OF POWAY,it being'understood arid agreed that foreclosure of said Deed of
'Trust ,sh41 Ilot affect, de.featoT :render invalid any rights under and by virtue of
said easement, and said easem,eritshall be paramo,,:nt a!,d: ,superior to the rights of
any purchas'er under a :foreclosure, o'f said Deed of Trust.
Said easement was recorded ,7:-/)s~c.,,~8'
the real property described in said Deed ,of
, File No.gg- 859 7g~
Trllst.
", and affe'cts '
The undersigned Beneficiary of said',Deed of Trust declares and acknowledges ,that 1t
hereby: iI}tentiona):ly wa:i,ves~" relinquishes, and subordinates the priorities and "
superiorities of the lien: 'aI'l<f' charge of said De"d of Trust upon the land described'
therein in favor ofsaideaseiIient" and that it understands that 'in' relIance ,upon arid
in, consideration of thiSwaiv'er,ieHnquishrnent,and ~~tibordination specific: monetary
and, other obl,igations _will beentered,-into -by ,Third ,Parti:es,wh:i:i:h' would not' 'be' mad'e
or entered into but for said reliance and the execution 'by Beneficiary of this waiver,
relinquishlllent, ans! :sub"rdination.
BENEFICIAg,t:' ,GENERAL, BANK:
Dates!:
RIH No.
Exc., No.
hOj'ect:
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,By." ' . ,
Min;'C" Cho EVP
BY:~~an J)ttfcer
NOTE: 'ALL SIGNATURES MUST BE ACKNOWLEDGED
NOTAR.IES: Use prope.r form attached
or st~ple appropriate
form,thereto.
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STATE OF,........................"......,......, } ,
County"of....... ...., .......... ......... ",';0 :..~ "_" S8
PARTNERSHIP FORM
On (thi s...... ........ .day of............ .... ,_........ .A. D., 19. _.... .beforeime,.................,.. ~....... ...... ,,:";..... ~~,:-~.'_".-:,." ,-".'," ..:.. .... ",".
~8 Notary Public' in and foc.the 6aiCi County and Sta'te. res'i~ing lherein~ duly' commissioned nnd sworn. persoriB_lly.~'ap.p_e.8:red......"
...........~.......-....;..;,........;.~.";;;.;....-...~:~;................................_known to Ille Lo be,one_"or the partners of-the partners'hip that
executed the wil~iri i~strument. .and,ac_kno~ledged to me that ,such,partnership.'cxecuted.the. same.
JJ!l J1JHnrs.sJ.iJ6rrrof. 1 have hereunto set my ,hand B11d affixed my offi'cial seal the day and year in th"is certific"ste first.
above written.
.........................'...;.....................................................
Notary Public in and for'said County and State.
GENERAL FORM
ST ATE',OF,..,..,.,......",.."" ,..",' ".""""
Cou~"iy- ~t.~.:. ....::~ ',~"'"'' ..;; ~:.'-:..;~;~ ;-.: ..,,;....
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On this..... ............ ~-.. ;<!~.Y of._... ."..... .;'..;:;~:. .'~>:;-~'~'. ;.--~...:A.D;, 19;:_..... Ibefore:'me~....... .......................... .......... .... ........ .....
~8-'-N.otary.Pu_blicdn and for the said County'and Stat'e;, residing therein; duly comrriissionea,and sworn, personally .appeared:.....
............... .............................. ........ ~'-~ ..';.; ;::;... '-':.:. ....;.............................. ~".: ;.:...................... ....; .-. ...........................
p~rsonally' knoYJt\ to me ;(0 ,be the person......whose. name ............................subscribcd to the within Instrument, and duly
acknowledged to,me that.........;he.......~,-~exe.cu~~ed th-e-'same.
1111 Witnrss W~rrrof.I have hereunlosel my hand and affixed, my official' -seal 'the dayiand year-in'thia certificate first
above 'wri Lten.
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Notary-Public inand''for said"County and State.
CORPORATION FORM
- .CaliforriIa
STATE OF: "..'to".,'X",'..,i."s"..'..."",...
County oL..,...."..,.(".'" ,\1.&'.<:"+'<:":' ,., "" ", ",..
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On this.... ,.?,9,~,~...., :,,~~y of,.." ,,oJ' ~,~~..;" ....,,~,,;, ,A,D:, 19,,~?, bef6re,me"".... '..'",..,'.." ,:........., ....... ..,.....,....." :,'..
a.~()tary ~bl ic.;j~:and for ttle~Baid~,CoWl~y.-"and..SrBte.,;residirig therein"., duly commissioned"a_~d,.s~om,_ per'-s'onallY8-ppe~red...~..~..~.~,
... ....... ..........-]:f:;i;n: ;:~:~~h9. ........ .-... ..... ....'....... ;~;~...~.... :~~...:;~~. ..-... :'.~.~own to me ~ be th~~.~.~~~H~?;~~~...y'.~.c:-~e;~:~;e ~i(fEmt
,.JennyLau ....,... . . H ... .. ,. ,Loan Off:i:cer
and..........._...._........................................................................... known to me to be the..';';...'...;,;; ....~~.~':.:~;.~-:.;..~~
of the..,..,.,.,.... ,~~?~,::.:;"r ,B. ,':~~..",.:",.", ,'"""",.""".,...,,,,....,..,,,,.,.,..,,,,,..,,,...., """.'",.",." h. h......'."",.',,'. ...""
:the Corporation ihauexecuted the withinln8_~m~nt.l;moWn_ ~c? me; la, ,\:)e, th.e ':p~rso~_B_ who, executed';,the within' Instrument, on
behalf o(the Corporati.on :th~re'iii.n_airHC!d. and acknowledged"tome that such 'Corporation executed the same.
1111 ll.Jitnr.~s illl)rrro(r have' hereunto set my hand and, affixed m~ o'cficial ,s.eal the day and year in this certificate first
above'-written.
OFFICIAL SEAL
CATHlCHEUNG
NOJ~~Y'Pl!8L!C - CAU~ORNIA
LOS' ANGELES ,'COlJN1Y'
My comm. expires Ml'\R 8. 1991
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No.tnry Public in and for said, Counly and S_le.te.