Subordination Agreement 1988-587254
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RECORDING, :REQUESTED BY:
THE CITY OF POl,AY .
88NOV 15 P/;! 3: 35
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L-::.,'JVn J RECORDER !
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WHEN RECORDED HAIL TO:
THE CITY OF POHAY
P.O. BOX. r89
Po\lAY, CALIFORNIA
9206~
LIW.FEE
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THIS SPACE .FOR RECORDERS USE
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SUBORDINATION AGREEMENT
FOR VALUE RECEIVED,
t2-27.85
County California
obligations thereby secured
to the Easement granted by
the undersigned, as Beneficiary under a Deed of Trust dated
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. recorced in the Office of the County Recorder of San Diego
, File No. 85-,488373 , and as owner and holder of the
does her~by make subject.and subordinate the liens thereof
CF Powa\" Ltd.., A Ca hfornia Limited Partnership
to THE CITY OF PO\,AY, it being' understood and agreed that foreclosure of said Deed of
Trust shall not affect, deJeat or render invalid any rights under and by virtue of
said easement, and said easement shall be paramount and superior to the rights of
any purchaser under a foreclosure of 'said Deed of Trust.
Said easement was recorded 11-15- j g
the real property described in said Deed
, File
of T~ust.
No. ~g~~g'7(}.53
. and affects'
The undersigned Beneficiary of ',said Deed of Trust declares andacl:no'''ledges that it
hereby intentionally waives, relinquishes, and subordinates the priorities and
superiorities of the lien and charge of said Deed of Trust upon the land described
therein in favor of said easement, and that iJ:.understands that in reliance upon and
in. consideration of this waiver, re~inquis~~ent) arid subordination specific monetary
and other oblig~tions will be entered into by Third Parties which would not be made
or entered into but for said reliance and ~h~ 'execution ~y Beneficiary of this waiv~r,
reli:lquish~ent, .Jnd subordi:lc1t.ion.
~Datcd:
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P=ojcct:
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::::;EFICL\.?.':':' Security Pacific National Bank
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::OTE: ALL SIC:::\TGRES :'!.US.T 'BE ACK':~O:..1..EDC:D
::OTA.'~ES: U~e proper form attOlc'hed
or ~t~pl~,appropriate
for::> thereto.
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STATE OF CALIFORNIA
COUNTY OF T,I1f\ ANf.:KI.F<\
} 55
o 1785
On O~~nhpT lQ, 19RR
RICHII.Rn no NFTT,!;oN
s?jiif}<ftrJrJJ'i"lefil'fto be a Vice President, and PAm, H nonF''(
_<;,:,' known to me OIfFfI'1'f/1'ff'f7"f1'11'Y'1'1"tffl'fr'i'f't'flo be a ,n Af\<:T<:'I'AN'l' ITTr.F PRF"TnFN'I'
:--_, ; ofthe SECURITY PACIFIC NATIONAL BANK,the ass?ciation 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.
WITNESS my hand and official seal.
, before me, the undersigned, a Notary Public in and for said State. personally appeared
personally known to me of ~r""ef:JJrI r/ll f>rI'N PNf/rJ /
~" OmCIALSEAL
. -". HELENE GINTERS
. '.. '. ,NOTAR, Y PUBlIC-CAlIFORNIA
, . LOS ANGElES COUNTY
", My CGotmissioli ExpireS Au&. 4, 1992
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(Seal)
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(Notary ,Public'
030874 883' 25 PS Bank Officer's Notarial Acknowledgement
.' ", . EXIGT. EGUE5T~/AA/ TI!:.AIL
',l<:!~.... 'IL Ne4D . .~;{PEOICArl?f)PEIf' MAPM::l.II.- 0 1706
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D AREA TO ae DEDICATED
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VICINITY MAP
NO SCALE
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LE~END
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eta.S\SOF BEARINGS
THE BASIS CF eEARll\JGoS FOR n-tIS
PLAT 15 Tl-lE N6RT"1-4ERLY LINE OF
LDT :3 MAP 11742 I.E. N73n50' :r;,"W.
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RICHARD A. RUBIN .R.CE. .32/..33 (EXP. 12.-31-ee')
SCALE: \"-4d
eqUESTRIAN TRAIL
EASEMENT DEDiCATION
~ .J.N. I0e43A
~ SHOLDERS. SANFORD,'Me.
PIInnIng lngftoring Su.wylng
"" Ftftlo -..e. Son DiovO, CA 12'03
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.:JOB NO. 10843A
REF. ENGR. 21
DECEMBER 17, 1987
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LEGAL DESCRIPTION
EQUESTRIAN TRAIL DEDICATION
WITHIN LOTS 3, 9 AND 48
OF MAP NO. 11742
THAT PORTION OF LOTS 3, 9 AND 48 OF CITY .OF POWAY TRACT 85-04
UNIT 1 ACCORDING TO THE MAP THEREOF NO. 11742, IN THE CITY OF
POWAY, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, DESCRIBED AS
FOLLOWS:
BEGINNING AT THE MOST NORTHERLY CORNER OF LOT 9 OF SAID MAP NO.
11742; THENCE ALONG THE NORTHERLY LINE THEREOF SOUTH 69012' 42"
EAST 35.41 FEET; THENCE LEAVING SAID NORTHERLY LINE SOUTH
12"03'08" WEST 34.06 FEET TO THE TRUE POINT OF BEGINNING; THENCE
CONTINUING SOUTH 12003'08" WEST 10.9'4, FEET; THENCE NORTH
54003'13" WEST 126.53 FEET TO THE BEGINNING OF A TANGENT 155.00
FOOT RADIUS CURVE. CONCAVE NORTHEASTERLY,; THENCE NORTHWESTERLY
ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 44' 32 . 18", AN ARC
DISTANCE OF 12.0.49 FEET; THENCETANGE.N,T. TO SAID CURVE NORTH
09030'55" WEST 32.53 FEET TO A POINT ON THE SOUTHERLY LINE OF THE
EXISTING EQUESTRIAN TRAIL EASEMENT DEDICATED ON SAID MAP 11742;
THENCE ALONG SAID SOUTHERLY LINE SOUTH 84021'00" EAST 10.36 FEET;
THENCE LEAVING SAID SOUTHERLY LINE, SOUTH 09'30'55" EAST 29.82
FEET TO THE BEGINNING OF A TANGENT 145.00 RADIUS CURVE, CONCAVE
NORTHEASTERLY; THENCE SOUTHEASTERLY ALONG SAID CURVE THROUGH A
CENTRAL ANGLE OF 44 '32 '18", AN ARC DISTANCE OF 112.71 FEET;
THENCE TANGENT TOSA.ID ~RVE SOUTH 54003'13" EAST 122.10 FEET TO
THE TRUE POINT OF BEGINNING.
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