Subordination Agreement 1989-069720.'
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0486
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TIlE CITY OF PO\,AY ,
89FEB -9 A~11l:i09
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RECORDING REQUESTED BY:
WHEN RECORDED HAIL TO:
TilE CITY OF Po\lAY
P,.O. BOX, 789
POt,AY, CALIFOP~'jIA
92'064
NO F.EE
THIS SPACE FOR RECORDERS USE
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SUBORDnlATION AGRED1ENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust dated
November 19, 1979 " recorced,in the Qff:j,<;;<: Q7 the County Recorder of San Diego
County O::tober 13, 1,,82 ,FiOle No, 82-31434 . and as owner and holder of the
obligations thereby secured does hereby cakesubj ect ,and subordinate t\1r"rM~I'fi:P
to the Easement granted by SYCAMORE CREEK ASSOCIATES, A CALIFORNIA L1M 1
to THE CITY OF POHAY, it be'ing understood and agreed that foreclosure of said Deed of
Trust shall not affect, defeat or render invalid any rights under and by virtue of
said easement) .and said ,casement shall be par2~ount and superior to the rights of
any purchaser und'er a foreclosure of said Deed 0 f T:rus t.
Said easement "(as recorded I - 0, 1-8 '1 , ::-ile ~:o. 'b'1 -'5'3 ~s L)
the real proper~y' described in said Deed or :~~st.
I and affects -
The undcrsi~ned Benefici~ry of said Deed or T=ust declares 2nd 3c1~~odledges that it
hereby iritcntionally 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 ease~ent, and that ~t understands that in reliance upon and
in. consideration of this waiver 1 ":_r-clinquish..-::ent, and subordination specific monetary
and ,other obligat-ions ',Jill be e.ntc;red i:-:.::o ~... !:ti"rd Part-ies' ~Jhich '..;ould Poot be made
or ,entered :into but for said ::::ctiance 2nd ::he. exec..ltion t>y Beneficiary. of this waiver,
rcli~quish~cnt, ~nd subordi~at~0~.
Dated:
JAM, i 2 1989
:::::::::-ICI:k':Y: PCMAY UNIFIED SGlOOL
D:tSTRIcr OF SAN DIEGO
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^ "'Grt I "bbotf
3 Y : Assistcnt Superintendent
::OTE: ,'.LL SIC::,\TG"ES :.lUST3E ,\C::'::O:,'LEDG:O
::OTA.'USS: Use proper for::lattached
or st~plc appropriate
forr:} tht.:rcto.
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0487
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STATE OF CALIFORNIA }
SS, ON January 10, 1989 'II
COUNTY OF SAN DIEGO ' belore me, the undersigned, a Notary Public in and
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for said State. personally appeared Albert J. Abbott I.!
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" Assistant SUDerintendent
known 10 me to be the
~ (;'.',;fClAL SEAL 01 POWAY UNIFIED SCHOOL DISTRICT , and known
" '~ 1\, I:'~CHNER to me 10 be Ihe person who executed the within instrument on behalf of said public
, ,'..'.. .,::., . G:,WrORNIA
,':"':"'" ;;.,,,. ;..:::..:.:> ,-,OUNTY corporation, agenc't. or political subdivision, and acknowledged 10 me that such publiC
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,; " ::./ (:.:,,;.l. [:(piros Jon. a. 1992 corporalion. agency, or pOlitical subdivision eX8culed the same,
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.. -- "" WITNESS my hand and official seal.
'I SUSAN It KIRCHNEr. . J
, NOTARY PUIlUC' CAUfOF.~::A ~~
II &AN DIEGO COUNTY i,
" e.p... Ian. 8, "92 i SIGNATURE OF NOTARY PUBLiC IN AND FOR SAID STA IE
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