Subordination Agreement 1989-145282
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'THE ,CITY. OF PO\,AY
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I 'VER' ,t' 'V!:'E~,'
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LJiPUI;TY RECQRf1Etl!"
RECORDING REQUESTED BY:
WHEN RECORDED ~~IL TO:
THE Cay OF POHAY
P.O. BOX'789
POHAY, CALIFO?~'lIA
92064
1II0FEi
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THIS SPACE FOR RECORDERS USE
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SlJBORDINATION AGREEHENT
FOR, VALUE RECEIVED, the und'ers:fgned:, as Benidiciaiy under a Deed of Trust dated
,SpptpmhPT 77, 1988 , recor~ed in the Office of the County Recorder of San Diego
County Ser.ten:ber 29. 1988 ,File No. 88-495300 .. and, as owner and holder of the
obligations thereby secured ,does hereby make subject"anasubordinate the liens, thereof
to the. Easement granted by'. Carm-E:l 'Mountain Rarch, a cal'.iforniageneral partner!3f.tp
to THE CITY OF POHAY , it being understood and agr,eed tri,at foreclosure of said Deed of'
Trust shall not affect, defeat or, render invalid an.y r,ights under and by virtue of
said easement, and said eaE!err;..e-nt. shall be paramount and' superior to the rights of
any purchaser under a foreclosur,e of' said Deed at Trust'.
Said easement was
the real property
recorded' ,~-'1 -8 "i
described in said Deed of
, File No, 34 ,0103S. '7
Trust..
, and affects -
The 'u-ndersigned :B'enef~ci'~':r;y o~ said ~~,!:~s't~ecl.J..re_s_ ftn9_a~knowledges_that_ft_ __ _
-ne-reb~lntention'aliywaives-;. relinquishes, and subord~nates the, priorities and
superior,ities ,of the lien and charge of said Deed of Trust upon the land described
therein in f.ay~r of said: easement: , .and th~.t it understands' that in reliance upon and
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in: consfderatio'ri of -this waiver-', relinquish.":':ent, a-n~, :>'ubordination spe'ci'fic m9nc.tar:y
and other oblig3tions will be entered into by Thi-rd Parties ~..;hich would not be made
or e-q,tere.d_:!-n~~ but far ~~~d reliaitce. and, ,the' execut2.:Jn 'by Benef,.iciary of t.his wa~ver,
't~ ;(~}~n-q.uishr::~nt, ,;Jud subord'inat-i9n-.
Dated,
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13 E:'; E:F(IC{.\P...'(: , Se-cu~i tv Pa-cific Bar:k,
::! N'::!ti'on::!l RRr:kinp' Association
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:;OTE: ALL SIG::ATUIlES :'lUST EE ACK;W;,'LEDGED
~lOT:\..n..TES: Use prOBer ,f.orrJ .:l'tt:J.ched
or st.1ple'fppropr.:bte
:form thereto.
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,'TE OF CALIFORNiA
,OUNTYOF OeAA,c:,t':'
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0726
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,before me, the undersigned, a Notary Public in and for said State, personally appeared
personally known to me or proved to me on the basis of
satisfactory evidence to be a Vice President, and 01 f\.
,known to me or proved to 'me on the basis of satisfactory evidence to be a 0.< /-r\
~f the SECURITY PACiFIC NATIONAL BANK, the association that executed the within Instrument, known to me to be the persons who executed the within
:'l'lstrument on behalf of the association therein named, and acknowledged to me that such association executed the 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 seal.
(Seal)
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(Notary Public's Sign
030874 8-83. 25 P5
BankOfficer's Notarial Acknowledgement