Subordination Agreement 1989-069719
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RECORDING, REQUESTED' BY:
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@f;NRECORDED}lAIL TO:
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,~,THE, CITY OFPOHAY "
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'THE., crn OF POHAY
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,POt~AY i CALIFORNIA
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THIS SPACE FOR RECORDERS' USE
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SUBORDINATION AGRE~lliNT'
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'~O~,'yALUE'RE'CE:LY.Eb, the und~rsigned, as BeneHciary under a, Deed of Trust dated
" JW1e ,16, 1987 . recorc!ed in the Office of the County Recorder of San Diego
;Criuiit'y: July 24" l!j,Bl . File No. 87-417392 , and as owner and holder of the
,obli'gat:l.ons 'therebTs-ecured does' hereby ,make, subj ect, and subordinate the, n:ens thereof
to the .Easement granted 'by SYCAMORE'CREEK'ASSOCIATES, A 'CALIFORNIA LIMITED PARTNERSHIP
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'to, THE CITY OF PO\,AY,; it being'understood and, agreed ,t'hat foreclosure of said De,ed of
Trust shal'lnot affe.ct, defe'ator render invalJ.dany rights under and by virtue ,of,
::,s'a:(d eas,ement, and, said easement shall be paramount and superior to the rights of
":any, purchaser under a foreclosure of said Daed of TrusL
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~ "Sai'd .eas-ement was
the 'real property
recorded I, ?, \ -',',,4
described in said Deed oi
, ,ile No. S"I.S3'3S.'t
Tr\J.st:.
, and affects'
The undersigned Beneficiary of, said Deed of Trus t declares ,md acknowledges that it,
'hereby ,intentionaUy waiv~s,relinquish~s, and subordinates the priorities and
superiorities of the lien and,' cha~ge of' said Deed of Trust upon the ,land de'scribed
'therein:l.!' favor of ,said easeffiEmt;', and 'that it ,.mderstands .that i~ reliance, upon and'
in, conSi(i'erOltion of this waiver, rcliriqulsh:::ent-, dnd' sub-ordination specific mone.tary
and, other obligations will be entered ,into by T~ird Parties which '"ould not b,e made'
0;-' '~p~-~f'e:?~nto :,qut. for" .said" reli"ance and ~he e:-:ecution t>y Beil'efi::i"ary of ',this waiver,
relinquishc:ent, and subordi:1ation.
DacQd: ~.
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LINCOLN~SlWINGS, AND, LOAN
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ASSOCIATION, A CALIFClRNJ'A StATE'-
CHARTERED SAVINGS ANDWl\N' ASSN.
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Project:
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::OT-E:' ,\:LLSIC::,\Tt;RES :'!UST 3E '\CK;:O:,'LEDC::D
::oTA.'tli:S: Use proper for::, ;1tt;1ched
rii'st~pl~appropri;1te
form thgrec'o,-
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STATE OF,..."'...,.',..'.'.''..'.,.'.."'' }
County oC~... .'.... .........., .......... ............ 55
PARTNERSHIP ,FOR~l
On thi 9............ ...day of... _............ ,_ ,......... .A., p.. 19.. .... .before me,........ ....., ................, _. .,. ....:.... ........'..............
8 Notary Public in' and (or the said County and State. residing therein, duly commissioned and sworn, personally 8p~e8red......
.................................................................................... kno'Wn to me,to be one of the partners of the partnership that
executed the within instrument, and acknowledged to me that such partnership executed the same.
~It Witnrss WIJrrroC, r hll\'e hereun~ set my hand and affixed my ofncial seal the day snd year in this.certin'CBle"li"rsl'
above written.
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Notary Public in and for said County and Stale.
GENERAL FOR~I
STATE OF,..,..,.................,.........,...,.. }
'County of........................................... 59
On thi9.......... ..........dily of... ...........~...............A.D.. 19....... before me....................... .... .................................~
a Notary Public in and for the said County and State. residinG therein. duly commissioned and sworn. personally appeared......
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personally kno\olon to me to be d1e person...........hose name ............................3ubscribcd to the within Instrument, and duly
acknowledged to me: thal.... ..... .'he..... .....~xeculed. the same.
211 l!.IItnrss !U!Jrrrof. [ have hereunto sel my h.3J1d and ai:'ixed my oificial seal t..'c day nnd year in this certiiicate IYrsl
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above written.
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~otary Public in. and for said County and State.
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STATE OF.">l''f~. ..........:.....'...'..
County of;....(!........ ....?1J.tf:..d., ,.......:....
CORPOR..\T!O:--; FCR~,I
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On lOi......?<L.....day Oi.]).I..&k:m...~,"D :921 ocio,e me........~~..,~:...f.0?~.,
.~olary Pu"l~ '" ""o:z the 'Old C0""'r~ ''';din< Ine..in, d~IY commlss'one.d und sworn, p~,"on.lly .ppeored:.....,:
..~...............D.(~.....~. ..T...... .....-.. .....". .::'.. ............. ........,;mown ,to me to be t'e.........l!.~~......... Pre sldent
:~~' ',.... ..., ."L;' n-~O l'" ..' :5,;;:01 ~;,:".. 'd.'.~." ..z;;z,..... k2ts'stj 2;';',l7;::,e., ",., ,Ii. (!".. ,. ,., ,."...: Secret.ry,
..,..,.........,....,... ,.." /1...".....,.,..", Y. 5..."",.,.",.,....""... ,(].."""..",......"".,."",...", ,....",..", ..,.... ,....."", .'..00
the COl1Jornti~!1 t..,llt eXt!cuted the within InslroJment. known to me ~ be the persons who executed lhe within In9trument, on
behalf of the Corporation therein named. W1d acknowledged tome,lhtlt" Bucn Corporation executed tho somo.
ill! UJirnrS5 !l)I;rrrof.1 hnve hereunto set my hand and ..ffixed my official seal the day oud year in this certificate first
l1~ve, ~itten.
0Pf1ClM. 5{Al
(i LAURIE L, E'o4JART
~otary" Publ,lc - Slat. of Arizona
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~;olnry Plihlic In nnd for ;,I\IU Counl~' :\nd Stnlc.