Subordination Agreement 1988-010795
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RECORDING REQUESTED BY:
,,' THE CITY OF POWAY"
1938 JMl II AM 9: 27
I ..YEr~^ LLYLE.. I
LS!luN;TYnECOHOf~
WREN RECORDED MAIL TO:
88 -010'19 5
THE CITY OF POWAY
P.O. BOX,"-
POI,AY, CALIFORl'HA
92064
NO FeE
THIS SPACE FOR RECORDERS USE
SUBORDINATION AGREEMENT
FOR VADUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust dated
November 6. 1972 ,re",orded in the Office, of the County Recorder of San Diego
County November 28. 1972 ,'File No. 316')77 _ "and' as owner and holder of the
obl,igations thereby secured does he'reby make subject,.,and subordinate the liens thereof
to the Easement granted by ,T"mp!,: P 'I'h(')rnhn';'~'and ]ganne 1. _ Thornhury,
holdinq 9.s husband and w~~f~ ~~ ,Tni.nt- _'~~n;l:'.~C! .
to THE CITY, OF POWAY, it being' understood andiigreed' that' 'foreclosure of said De'ed of
Trust sha.ll not affect, defeat or render, invalid any rights under and by virtue of
said easement, and said easement shall be piiramount:'ilnd superior to the rights of
any purchaser under a foreclosure of said Deed of Trust.
Said easement was recorded 12' Z. - 87
the real property described' in said Deed of
, File No. 87 - (p{p 5Cf7 D
Trust.
, and affects'
The undersigned Beneficiary of said Deed of Trust declares and acknowledges that it
h-ereby intentionally waives, relinquishes, and subordinates the priorities and
superiorities of the lienaii.r cha-cge of said Deed ,of Trust upon the land described '
therein ,in favor of said easement, and 'that it, understands that in ,reliance upon arid
~,r -iI;:-:,(~,?~-s-~,dei_aL:~'oh ,o'f this kai'?er J ~r~ling,ui~~.ment'i~ an~_ sub~rdination\ ,specific monetary_
, ,~.,. and other ob11gations will be entered into by Thirci Part1es which would not be made
,j. or' en'cered in'tc,> but forsai'd reliance ana the executio,nby Beneficiary of this, waiver"
"I -celinquishment, and subordi'nation. Great Western Bank, A
Federal Savings Bank,
BENEFIClARY:Formerly ~reat West'erh
Savinqs,., _ ,e'der 1 Savin'gs
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_BY~ '-:;:;/ '
, om ~ilmore
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Dat,ed:
ri~~~mhpr ~lr lqA7
R/I, No.
Exc. No.
ProJect:
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NOTE:
ALL SIGNATURES MUST BE ACKNOWLEDGED
'NOTARIES: Use proper form attached
or staple appropriate
form the,reco.
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ST ATE OF CALIFORNIA ) SS
COUNTY OF Los Angeles '
On th'l 28th day of Decemb~ , in the year
987 . before me. the undersigned. a Notary Public in
and for said County and State, personallY appeared
Thomas Gilmore personallY known
to me (or proved to n;1e on the basis of satisfactory evidence) to be the
V ~ce President and
Phyllis Bosdell '
'(
personallY known to me ~or proved to me on the basis of satisfactory
evidence) to be Ass~stant
Secretary of the corpnration that executed the within Instrument, and
acknowledged to me that such corporation executed the within instru-
ment pursuant to its by-lawS or a resolution of its board of directors.
Signature U '\\\ \\\ ~ \\\ ~ ~\ \ -d ~'9)
Anna M. Dell-Olio
Name (Typed or Printed)
Notary Public in and for said County and Slate
F_ 2467 R. '1/82
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OFFICIAL SEAL
ANNA M, DELL.OLlO
Notary Pubtlo-oCalltomla
LOS ANGELES COUNTY
My Comm, exp, July 9, t990
(This area for official nOlarial sean