Subordination Agreement 1989-142007
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RECORDING REQUESTED BY: )
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CITY OF POWAY )
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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 )
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89 MAR 2 I AM 9: 55
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~OUN f'i ~ECOHD~
(This space for Recorder's
"'0 FEE
Use)
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of
Trust dated May 23, 1984, recorded in the Office of the County
Recorder of ,San Diego County June 5, 1984, File No. 84-209332,
and as owner and holder of the obligations thereby secured does
hereby make subject ,and subordinate the liens thereof to the Ease-
ment g,ranted by Bruce Keenan and Rowena Keenan, Husband and Wife,
and West-East Investors, A General Partnership, to THE CITY OF
POWAY, it being understood and 'agreed that foreclosure of said Deed
of Trust ,shall n'otaffect, defeat or render invalid any rights
undir and by virtue. of ~aid 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 ;?t~~/9-fr, File No.g9-1L{-':).OOb
, and affects the real property described in said Deed
of Trust,.
The undersigned Beneficiary of said Dee'd of Trust declares and
ackn~~~edges that if 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 it understands that in reliance
upon and in c,onsideration of this waiver" relinquishment, and
subordination. specific mone.tary and. ,other obligations will be
entered into by Third Parties which would not be made or entered
in'to but for ,said reliance and the execution by Beneficiary of this
waiver, relinquishment, and subordination.
Dated: February 27, 1989
Beneficiary: GIBRALTAR SAVINGS, A CALIFORNIA
COKPORATlON
R/W No.
Exc.No.
Project:
By:
F~A~;f~
By:
NOTE: ALL ?IGNATURES MUST BE
ACKNOWLEDGED NOTARIES:
Use prOper form attached or
staple appropriate form thereto.
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STATE OF'.................... ........,.........., }
County of... _...."....... ,_... "..._ ~...... ....;..... ~s
PARTNERSHIP FORM
On thi s.... -. ..,.. ....daY.of.. ............ 'h... ........ A. D.. 19...... ,before me;. _, ..... .... ..................... ......, ..... ......................
8. Notary Public in and for the said County and State, residing lhereii1j,duly commissioned and Bwom, pers.ooslly appeared.......
..................................................................................... knooNn,to-me to be one of the partners of the partnership that
execute~ the within instrument, and' acknowledged to me that such po"rtneraliip executed the same.
~Il Wirnrss U)btrrof. I have hereunto set my hand and affixed my'official se-al the day and year in this certificate first
a~ve written.
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..................................................................................
Nolary Pu.blic in and for said County and Slate.
GENERAL FORM
STATE OF'""....,....""....".."..,.."....".
Coun ty,oL.......... ....................;.. ..........
} ss
;On",thi s.. .... .._.'.~........ .day of... ... .". ;-. ....... ... ......... .A.D.. 19....... before me,... ............ ................ .... .........................
a Notary P\1_b1ic in and for the said COU!lty ~d .qtEite,_.residinc therein. duly commi.'!l?ioned -a.'1d sworn, personally .appeared......
.....................................................................................................................................................................
personally kno~Tl to me to be the person......whose name ....................;.......subscribcd to the within fnslrument, and duly
ackno";;'ledg~d La .me that..........he..........executed the same.
lln. Witnrss WfJcrrof, I have hereunto set my hand and affix;ed my official seal the day nnd Year in this certificate first.
above written.
..................................................................................
NOla~y,'P.u.blic.iri,~dfor said County and State.
CORPORATION FOR~1
STATE 0F'....,....Gi\.),;J;f.QR-1U/,............, }
County of.........VEN.l'URA..................... ~s
89 STELLA DURAN
., 27th February
On thls...._................day of... ....................... ....A.D., 19....... before me... ..... ...-..... ..............................................
a Nolri.ry. Public in and for the said Coun!.y and' State. re-siding lherein. dulycommissioned nnd Sworn, personally appeared.......
......,ED..DAJ:),!<;X,........'...'.....:."'...::,..::,..:.:..::..::..::...:...:.:..:.:...,.:..::..::kno~ to me to be the..~.~.R~,,::~~(;~:-:::..::Presiden'
und....,..""....,.'i~.RlL~A;..~A;ING~;..'A..CA[t'ji6'~N'iA..CORt'ORA1'1~'lfwn to me to be the........,..,..,..:.........,..Secret.'Y
of the".., ...9... '".".., .....,",.."..,.. '... .." ,., ..".., ....., "'" ,., ..,..... .".....,.. '........... '" ,. '.",..., ,..,... '...... '.,.. ...,..,....,,'.. ,..", ,...
the CO'llora'tion that e-xecuted the within Insirument.. known to me to be th_~ ,perso~9 who;e~ecuted the w'ithin Instrument, on
behalf o(-,thc',CorporBtiontherein ri'amed. and 'acknowledged lo me that such Corporat'io~ executed the same.
1111 WilmS? WIJrrrof. I have hereunto set my hand and affixed my officia.1 seal the day and year-in this ~ertific8te first
c~Y'e written.
OFVlCIAL SEAL
STELlA DURAN
IOTAIn' PU8UC _ CAIIFGRIaI.
LOS ANGElES cOUNTY
.II)CDDIIliuiIlll~fu.'lJt'I,
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NO,tary Public in and for said County and State.