Subordination Agreement 1988-004550
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RECORDiNG; REQUESTED'DY:
f9B8 JAM -6 AM II: 10
TIlE CITY ,OF POliAY ,
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~IJH IWIII:GOfm~
WHEN RECORDED HAIL TO:
TIlE CUY OF POHAY
P.O. BOX" ;789
POliAY, CALlFORlUA
92064
WO,FEE
THIS SPACE, FOR RECORDERS USE
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SUBORDINATION AGREEMENT'
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FOR VALUE RECEIVED,' the 'unders~gn~d" as Benehnaryunder a Deed of Trust dated
August 28, ,1987 , recorded in the Office of the County Record'er of San Diego
County September 22",1987 ,File No. '87,53461'5 , and as o;mer and ,holder of the
obligations thereby 'se;:ureddoes hereb;;make'subiec:'t:" arid, subordinate the'liens therepf'
to' ,the Eas.ement ranted' '1:'" * ~ "fc *. *'; ,*, ,'* * ,* * *:, '*:. '! -~ ~, * * ~, * * * * * * * * ,~,*
** * * * * * * !J;,** **Y** * **ROBERT J, GOSJELLO:"** *. * * * * * * ,* * * * * * * * *
** * * * * * * -* * *. *:;.*'..'*,'-(*:k.*-,'* * *,* * *. * * * * *, * * * * * ** * * *' * * * * * ** ,*
* "* * * * * * * * * * * *~~* ,.* * *, * * * * * ** * * * '* *: * :* * ,* ,-* *- * * * * * * * * :*
to 'TilE CITY OF POHAY', it being understood and ;agreed that, ,fo'reclosure of said Deed of
Trtis,t shall not affect', defeat or render invalid any 'rights' under and by virtue of
:sc:ii'g,' eaie:~ent, aIfd :said' ~a'~-efuent sh.~ll- b_e"p~'ramount and- super'ior'to the rights of
-<:iriy-purchaser~under 3_ .forec.iosure of- said' Deed of-Trust;- --
Said easement was recOrded /J-;(!~J7
the realpro,peny described in sai'd Deed
, File No .J7~ '7tll 'fd s-' '
of Trust.
, and affects'
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The undersi;;ne,d Beneficiary of said Deed of ,Trust declares a>nd acknowledges that it
hereby intentionaLly waiv'es, rdihquisl1es, and subordinates' the priorities and
,superiorities of the li'en and' charge of said Deed oTTrust; upon the ,land described
therein in' fav~-r ~t said easement, and that :it understands, that in reliance upon and
in. 'coris'id'eration of this waiver,relinq'uish::lent, andsub.o1:"dination'1specific monetary
and other obligations will be entered into by Third Parties which would not be made
':or 'ente1;ed' intol' but. ,for said reli.ance and the exec.utio-ri by ,Beneficiary .of this waiver,
re~~nqui_!:r!1_~ent, an& :subord-ination.
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'Da,ted: " [jpcpmhprR, rgR7
R/11 ~o. 01:1'7 \TI"f;,J;;l-
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l:E:;E:IGL\RY:
oration
President
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!;OTE: ,\~L SIC:;ATURES HUST BE ACK..:;o:,'LEDGED
~IOTAIUES: Use proper fon,> att"ched
or st"ple appropriate
form thereto.
Senior Vice Presid~nt
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NO. 202
CORPORATE ACKNOWLEDGM~~l:. t 6 3 ~
01:11.
On this the~day of
. State of rLl...J itt,(\'ucv
Countyof ~bi~D
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7120122
OFFICIAL SEAL
D TIDWell
NOTARY PUBLIC' CALIFORNIA
SAN DIEGO COUNTY
'My comm. expires FEB 23, 1990
} 55,
'\)p r.P -fVlbe...( - 191n, before me,
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the undersigned'Notary Public, personally appeared
~J Wd,0ifl r1N\d @fM\.f l/OVJVlLt1\5.-
~per'sonaIIY known to me
o proved to me on the basis of satisfactory evidence
~ be ~~dson(S),WhO,executed t~~hin instrument as
. ICe, e-I'l:t t ~luYVI(.t fleIBr on behalf of the corporation therein
,
named, and acknowledged to me that the corporation executed it.
WITNEssm~
Notary's Signature
NATi6N'AL NOTARV:'Ass6cIATION~'. 23012 Ventura 8Nd. . P.D Box 4625 . Woodland Hills, CA 91365-4625