Subordination Agreement 1988-587260~
:..;.,..-
, -
,W'.',
r
.
.
..~-
"t:. B8W,f,7,sn,fS".).,.O'
~" .,-l.!...,..,L:":,'i
r.
o 1 728
, r---
, fi~
It o-c-'t.cor-<OC'D It' ~
.;,.....t,~;Ji:l~~i..R?-r;:.:. ... l
......r .;;;~ R!'~(";--I"_''''(1!:!O~ i
,. -'l,. ,~J -f!JN T.y: [',
........;1.1.
B8NDV ; 5 PH 3: 35
,
I VERA J I Y - '
I [;C~U'r -, 1;- J
"--.-:..lJ hi Y RECORD~
"
RZCORD"ING REQl.~::'S7:::D 3Y:
THZ,CITY O?PO~'AY
WF..:;~ RECORDED ~..AI!.. TO:
TnE CITY OF P'O',,'AY
P.O. 30X
?O\;.~.Y, C.'cLl?O:L'iIA
92054
NO FEE
,"-IS S?ACE FOR PXCORDERS 'USE
~ftJ #- ?n,'l't'?-IS
SU30P~IKATIO~ AGRZ~~~T
FOR V}.~L1}E RECE:....~.:::D, t.he "...l:)cfersigned,,:' as Ee:-.e:fic:ia:-); ~~c€.:r a Deed of Trust ,cated
31 July 1986 , recorced in ~he Office of ~~e Cou~ty Reco~cer- of Sa~ Dieg~
COUl";:Y 16 Seotember 1986 ,Pile ~;o. 8f)-407~48 ,. e.:1d as o....-ner and ho2ce~ of t.:-.e
obligar:..or,l$ c:ie-:eby s€:ci..i':"ea oDes '[;e:-e~ ::.a~:e subje'c: .-c.::d ,subo:.-cii:-.ate orne l~'er.~s 'o;:her.ecf
to ~he Ease::;er,: Fc.r::ed' t:)" CF POWAY L 10,. a Cal ifornie 1 imfted oertnershiD
to T:-:~ CITY 0:: ?O'",\':'~:', it beir:g' u:J.ce:.-st::-o'd a::d ag:-eec ...".~... fc:.-eclcscre of said Deed of
-~"s' s~-" n~~ -::ec' c'e:e-t ~~ -enc'-~ ~~~.-i~C' --v ---~-s u~c-e- -~c c~ ~'~r'uo ~~
J......~ 1.., ..c:.__ _'-'I.. C...... ~'. _ c ...-....... ,t::_ ..........c:._~,. e"..oJ "-:501.. .: - c.. oJ..... I.. <;.. ...--
sa~d ease~e~t, ~~d sa~a ease~e=~ shall, be ?a:'-2mou~~ a~G su?e=~cr ~D the rights of
a=.y purcI:ase.r t::-.de:r a forecl'ost::--e of said Deed c.f 1:.-\;s: ~
Saic ease~e~t ~2S
the real prope::y
:ecorced
//-1'5 - g g
File
!;o. ffCr-;-'g1 ;)fJ"8
, and -affects.
Qesc:i~ed ~n said Dee~ of Trust.
-e "~ 'c.-e,": -.c.,.; "'c.-- :..:; -~~_.: :d D d :: --, t . ,..,,~- - d - i.. -.., . p ..'-.-t <-
.1... -..c----5..-'- ~__,e....-c-o:....) c_ sa_ ee 0... .:...U5 _ ce-:-_.:._,es en oc.:.::lc..._ecg_s I....c. -'-
!-,e...t:>........ ..:--e....-.. -~'i . ~._..:. ' or 1.": ...: ....c. -.,..,d '"... ..:---- t\.. .....:; .....:..~ d
.. __....; ........ ...._C.:.c.__) ....:._-...ues'~ _e_..;..D~t:....S,,_S, .::.._ SUvO.,u_c"..es de ?......o......:..I......es an
s~per~orit~es c~ the l~e~ a~d c~zrge of s~id Deec of 1~~s= u~cn the land described
tr.e:.-e::..n i:1 ~c.\.'or of' ,5a::.'0 easerne:1t, and that it onGe:"s,t2:-J.CS r.t.at in :-el:.ance up_on 2:'ld
i~ co~s~ce=Gt~o~ of t~is ~ai.er, relinq~is~ent, a:1o s~b~:"ci~at~o~ specific oonet~=y
a~d ot~er c~1-::..ga,tior.s ~;'il1 he. ,e..:."1tered into by Thi-:-d ,Par,!=-ies, ......'hich 'Would not be ~c_e
cr entered in:o but for sa~d reliance and the exec~tio~ :y Eeneficiary of this ~aiver,
=elinqu~shrnen,:, and SUbD=cii~ation.
"
~,~,r
4' '....
.!lfl
D.a~t ec:
}()f-i1f g-g-
BE~EnCIA?" :
SECURITY PACIFjC NATIONAL
bP.N,~,
,
,\
R/il No.
Exc. No.
proJect:
tr ~ ~
By': . -- f'f--.-- --.:::::::" f'
I ":__A~ po fZ-~ 'u. ~:i" \"6,,0
3y: - I~LL-e If. :B~
-PiA-u I t-/,""Btr ci e 1<, A. U:?
,
"
I
l~
"
.\
NOTE: ALL SIGSATURES MUST BE AC~~O~~EDGED
NOrKRl~S: Use proper fo~ attached
or staple a?propr1ate
fer::!. ther,eto.
,"
..
.
.
.'"".,
c OF CALIFORNIA
JUNTY OF T.O~ ANrw.J.F.fl
,..-I
/
} Ss
o
1729
)
. On OCTOBER 19. 1988
, .
"IrHARn n NRTT.flON
safJ1fN4iU"rfi'/of'fto be a Vice President, and I1L'.L'I. H. IlOO!>K
known to me orMrfN'P#t</>/V'iWi/>PY#frNrtlNrI'N<t'o be a n MSIST.YlT VICE PRESIlllYlT
of the ?ECURITY 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 executed the same, and acknowledged to me that
, .:" such association executed the within Instrument pursuant to its by-laws or a resolution of its board of directors.
, before me, the undersigned, a Notary Public in and for said ?tate, personally appeared
personally known to me o"rf'/""~ #'1" '/'/1/" 1'/""1/
WITNESS my hand and official seal.
.'
.
~ OFFICIAL SEAL
.; ,-, '. HELENE GINTERS
.- ,.' NOTARY PUBUC-cALIFORNIA
, .' , LOS ANGELES COUNTY
,'" My Commission Expires Aue, 4, 1992
~
. 1.5eal)
~
030874 8-83. 25 PS Bank Officer's Notanal ACknowledgel'i nt