Subordination Agreement 1988-587263
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'::f;;:;;' CITY OF ?O'~AY .
8aNOY ISPi1 '3:'.35
I VERA ULYUF;_ I
I,CQUNTY RECORD~
RECO?~~~G REQU~S~~~,B~:
WF.~~ RECORDED'Y~I~ 'TO:
T;i.E C~TY OF ?O,,'AY
P.0.30X
92064
nns
ilK> FEE
SPACE FORPXCORDERS USE
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?Oi~A:Y ,
C.'cLI?DR.'\IA
SU30RDIXAno~ .l,:GREE:.'E!\T
F.O?~, VA,Ll.:E RECEI\''::!), the '..::1c3"er:s:.gn'ed'; ?-s Ee:1e.fici'2ry 'unce:? ,a Deed of Trt:s,t cated
31 Ju1 y 1986 , 'T~~o':,ied in :one, Office 'oftn'; Co~c.;:y Reco;:cer of Sa,::! Diego
Co,",::;:)" 16Se'oter!itler"l'986 , !',He t;o. 86-'407.f(U, , and aso'~-nerand nolde'r of t.:,e
obl:.:g~t.~'Dr.S th~:e:'y s~'~"",;ed oo_es he;:::eDl !:2Ke ,s.u~j'e<;t: ,?pd:..;?UDc;:.-c:::-.2teche lier;s the:.-ecf
to ;::oe 'Ease"'ent g:an;:ed'cy CF POW,~Y L 10.. a Co1 ifo'rnia l'imited Da'rtnel'shio
to" T;:;:" CITY OF ?O.~.'.':'~:', ft" 'b:eing' l..m:ge~S,i:DDd a.nd a'g;:-,eeg. tnat fo:-eclcst.::,e of said' Deed of
~~7s,~ s:;e~l n::-t Gffec~ '. cef.ea'r. :or :~,e::lc"er ~\'a1::'Q, 'ar~y r:..:gr.::'s uDcer and by Yi'rtue of
sa:;'c ea?=i:Je:1t, "G.!"ld s2'-:.:~a "e~s,~~e.:;,:: sha:ll be. ?c:-anount" 2rfd :s\;?e:::c:= :0 t::e :igh:s of
a::.y. ?u:cr.ase:" 'u:'lder a 'forE:c"l'o,$t:~:_e' 'of said Deed c"f T:rt.:~,t.
Said ease~ent ~as ~ecord~d"
~':}e :.e"ai ?rope:ty desc.-r{be-d
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sai:'d: "Dee::i cf Tn~st'.
So. Jg.- 5'''!'1 ;(ffl/
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ion,
T::~ unce~,s:..'gned 3e:.e'fic.ia:-.y c":f: sa':.d 'Deed of Tf1.:sr:~ c'eclia":-es a:"ld' ack:Jc....lecge.s t!;a't it
nE::eby ir,:e:Jt:.cr.aIly .....a.:.v.e.s[) rel'iiJq\,;.ishes, and subo-:di=.a'tes tbe ?'ric-ri:ties' "and
:s~;:s:::oTi',ties cz the lieZl' s-~d. ,~l:2=g"e of. said pe'e'd, of T;.-~~:. 1.:ps:n '~'l}'e- 1~::.)~53, described
,t:"";€::':'eih -i:1 5avcr of sa',:'d e.'a:s",e"pe:it, ,a'6c that ittmde"::,s,t"C:':1CS t1-:at 'iff ie'l:.'a:.,ce u?on a:1d
ih~,'co:-.s:.c: e: 2. t:'O:1 of this ''';c.i\";ei", :r-,elinquishDent, 2..ni::isl..lbc-~c:.::;,a tion- speci:::.c 'Cone tary
2:"l:i otter c:'1:.:g2,tior.s ..,:i,ll be .e...."1te=ed "into by. -Thi'-:d Parties ...'hicn....ould :lot be t:.ac:e
crente::ea' i.n,tl? but for sai:d 're~,iaDce and thee.xect;t1.on:by Eeneficisr',y,of-' ,this .....ai.....er"
r~'li~suJ's.h,r.Jer.',t, and subo:d.,i.;:atd."on..
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BE~EnClJ._"':': SECURITY PACIFIC NATIDNAl
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By:' l<--IT~ ~ W~O,.J >"'.
By:~) U~
~u I 1-/, Fsc;tLeJ<, A. V, '0.
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NO,E:ALL SIG~:;'il'URES: MUS"!' BE .AC~W;"'LE).G[D
!,OT:.*:r:i:S.: U~eproper Jo= attached
or sfaFIe appropriate
,fere there,to.
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STATE OF CALIFORNIA
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o 1740
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,COUNTY OF LOS ANGELES
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" On OCTOBER 19. 1988
11Tr.HARD D. NRTT.SON
s~if;f/t</t~r/t I-N.;.N to be a Vice President, and P ILUI. II BOIIEK
known to me orfrN""~l<Ir/o""rf"'''~</;f;# 1"4fM<~rJ #"""Nto be a " ILSSISTANT n<:E PRESIDENT
of the SECURITY PACIFIC NATIONAL BANK,the association that executed the within Instrument, known to me to be the persons who executed the within
~ Instrument on behalf of the association'therein named,- and acknowledged to me that such association eX8cutedthe same, and acknowledged to me that
,._~uch association executed the within Instrument pursuant to its by-laws or a resolution of its board of directors.
WITNESS my hand and official 5eal.
, before me, the undersigned. a Notary Public in and for said State, personally appeared
personally known to me 01 'NY/<fJ14 f:1f 1>'1 'ftf P1'1rrp I
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@"OFFICIALSEAL
.. ,-,' '. HELENE GINTERS
" . ',NOTARY PUBLlC-CAlIFORNIA
", , LOS ANGELES COUNTY
, ',.' My Commission Expires Aug, 4, 1992
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(Seal)
030874 8.83" 25 PS Bank Officer's Notarial Acknowledgement