Subordination Agreement 1989-142008
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CITY ,OF POWAY
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RECORDING REQUESTED BY:
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AND WHEN RECORDED MAIL TO:
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CITY CLERK
CITY OF POWAY
P.O. BOX 789
POWAY, CA 92064
NO FEE
(This.space for Recorder r s Use)
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of
Trust da,ted January 7, 1986, recorded in the Of,fice o.f the County
Recorder'of San Diego County January 21, 1986, File No. 86-024605,
,ana as owner and holder of thE! obligations thereby secured does
hereby make, subject and suborclir:tate the liens, thereof to the Ease-
'!lent .granted by Bruce Keerian and Rowena Keenan, Husband and Wife,
and w.e~t":East Investors, A Gerie,ral PartnershTp, to THE CITY .OF
P,QWAY" it being undeJ:'stood and agreed that fo.reclosure o.f said Deed
of .,Trust ,shall not affect" ge'feiit or render ,invalid any rights
under and by virtue, of sa,idea"sement, and said easement shall be
_paramount an_CL:suP.5'!ior,to _ the. 'righ1:s of any purchaser under a
foreclosure of said Deed of Trust: - ,- ,- ,
Said easement was r,ecorded /II~/,/fift, Fi,~eNo:, f1~!'I').oob
, , and affects the real prop'ert ',descr~bed:1'n sa~d Deed .
of Trust.
The undersigned Beneficia,I'Y of said Deed of .Trust declares and
acknowle'dgesthat i thereby intentionally waives, relinquishes, and,
subordinates thepr.ior:Lties' arid superiorities of the lien and
charge of said Deed of Trust upon the land described therein in
favor of said ea,sement, and that' it understands that in reliance
upon .and ir:t consideration ot ,this \fSli"er", :re1i.nquishmen.t, and
su.bordihat'ion spesificIl\Qne,tar.yitnS!QEh,,,,;:' ol::>,ligati'ons .will, jJe
.entered into by Thirg partieswh<j:ch would not; be made or en'teI'ed
into but for said reliance arid, th'e:exeqution by Beneficiary of this
waiver, relinquishment, and subordina'tion.
Dated: February 8, 1989
Beneficiary: GIBRALTAR SAVINGS "
A CALIFORNIA CORPORATION
By: (j::~)
'R/W No.
:Exc.. N.D..
Project:
By:
'Ac::c::i c::r::lnr 'lTi,-.p '-Pri>c::i'.1t:>nr
NOTE:
ALL 'SIGNATURES MUST BE
ACKNOWLEDGED NOTARIES:
U~eproper form attacheg or
staple appropriate form thereto.
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'STATE OF':.........,....,.......,..'.",..,.....,..
:'Coun ty. _0(.... :......... ",,: ~.~ .....-; ..~.. ;_;';..............
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PARTNERSHIP FORM
Q!l ~i..... ;'_'" ......day'o~.. '_';' ","... ........;;u... .A~ D., 19. ....;"ibefore me......, ...... ..;,.... ............. ..... ..... ......... ..... ....... ",'
a ~'otary N~Hc in' end (or the said.County-and Stat~~,,'residing t~erein. duly'commiss'joned. and sworn, person8~ly appeared......
....................................:...............~~..~..............................known ~ ~e to be' one of,the partners 0(' the pa~er8hip that
executed. the within iri8trumen~. and.:"acknowledged to me that':8u~.~1P!irtriership.executed the S8?1e.
jn ,Witnrss Wbrriol.lhaveliereunto .et my hand and a(fixed,~y official aeal the daY andyesrin this certificate,firat
above'. written.
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Nolar.l Public in and (or s"aid County and State.
. GENERAL r-ORM
ST ATE OF.." "... ...""" .""", ,.... .'. ,.,,'.., }
~o!1nt.Y..or... ..~.... .... ...... ...~.. ....~.. ... ... .... . "'88
Qri. ~hia..;~...... ..........day of... ........ .................:...=.~.D~ ..19......, before 'm_e, ...~...._...... ............., ..... .....;.~....... .............
a'Notar,v'Puhliciin and for the said CountY'and,State;fesiding lherein.,dulycommi.sioned and_sworn, per~onaIlY,app'-ared......
...... .-.............. ...,'............... -............... -".......... .....................~.......................................................... ................ ....
pe,:&onally known to me to be the person......whose name............................s.ubscribcd to'the within Instrument, and duly
acknowledg~d ~me that..........he..........exe'cuted,the same.
ll. lPltnrssi,lVbrrrol. I have, hereunto .et my hand and affixed my official aealth. day and year in this certificate first
above' written'~
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'NotarY Public in and for said COl;Jnty and State.
CORP0~ATION FORM
STATEOF,.",(:!l-,r,;o;mmJ:A,..".."...."" }
County Of...'Y.~.I).tUXR.....~-...................:. , ss
On thia,.. .......8th '.. ,day of.".. EEllRVAR'L. ,... ...A,D, ,19,89.,; berore me... ",'lJ:E,),j.l'.JIJIlU\N,..... ...,.",...,,;;..,., ......."
aN~t~'public in'and',(or the. said CounLy,and.'State. residingthere'jn. duly, cp-":lniis,sioned and sworn, personally appeared.......
.."...... ...,;r;AR9.~.,.ry,U.:Q)L,.,..",.... ,....... ,,:....,.. ....,...,,'.' ",., ....,,~.:known ro'me to, be the, :AJiJi:c,.,.V.I.CE.,..,,,, President
and... ...:.u~~7...7..::..::..::'. .::...:-...::-~...:..::..::..-:: .,;:-..~7~._';:~.::..:: ..::._~:::.:::-:.... k-nown' to"me to be the.. ...:..::.,;::..::..:-.'.::-.....Secretary
, GIBRALTAR SAVINGS, A CALIFORNIA CORPORATION" '. , . .
ot. the..... ....~~... .._............................................... '~,' ~ ~. U ~ "_' n..u... ................ ~~~............................ ~......... u.......... ... .....
theiCorpo~tion :ths,t executed the withi~' In-.atroment. known t~ ~1!-e,.:tO[:"be the persona who executed the'withinJ!'uitruD'!ent. on
behalf or,t~~'C.orporation thereiri:.':I~ed"arti:Jtacknowlel:ige~.(to me thal'8uch,Corpofalion executed tho same.
'])I! WirnrssiWIJrrrol,,1 hilv, hereunto .eLmy, hand and affixed my;official .aal, the day and ye.r in this certificate fir.t
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OFF.CTAL'SZ'A'~
STELLA DURAN
NI?7_~VPUBUC:--"-t.AI!fORHIA
lOS'ANGElESCOUNTY
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NolarY',Pu~Jic.,in and (or's.idCounly,and State.,
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