Subordination Agreement 1998-0539068
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REOUESTED BY.
DOC" 1998-0539068
1195
AUG 25. 1998 8:25
OFFICIAl RECORDS
SAN DIEGO COUNTY RECORDER'S OFFICE
GREWRY J. SMITH, COUNTY RECORDER
FEES: 0.00
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CITY OF POWA Y
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CITY CLERK
CITY OF POWAY
PO BOX 739
POWAY, CA 92064
1998,0539068
(This soace for Recorder's Use)
SUBORDINATION AGR~~ENT
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FOR VALUE R EIVED. the undersigned. as '3enefi'ciary under 3 Deed ,of Trust
dated ~ -,:~ ,recordedJ(l the Office of the County Recorder of
San Dlego County, /o/r:;-~cr1fJl? File No, 1997-0519668, and as owner and
holder of the obligatio'ns t ereby secured, does hereby make subject and
subordlnate the liens thereof to the Easements granted by Poway Road Mini
Storage. LLC, to the CITY OF POWAY, lt being understood and agreed that
foreclosure of sald Deed of Trust shall not affect, defeat or render lnvalid
any rights under and by virtue of sald e3sements, and said easements shall be
Daramount and superior to the rights of any purchaser under a foreciosure of
said Deed of Trust.
Said easements 'Nere recorded 8-L5-'18 F',le No, \qq8~OS3'1I)<.o1O
and affects the real property descrlbed in said
Oeed of Trust.
The underslgned Beneflciary of said Oeed of Trust declares and acknowledges
that it hereby intentlonally waives, rellnquishes, and subordlnates the
prlorities and superiorities of the llen and charge of said Deed of Trust upon
the land descrlbed therein in favor of said easements, and that it understands
that in reliance l.Jpon and in cp,nsideration of this 'Nalver, relinquishment. and
subordination, specific monetary and other obligations wi 11 be enTered i,nto by
Third Parties which would not be made or entered into but for said reliance
arid the executlOri by Beneficiary of this waiVer, relinquishment, and
subordi nat lOn.
Dated. ~/c~~rrJ'
BENEFICIARY. Grossmont Bank
nY/d<;/;fFr -
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(Slgnatures must be notarized
Notary form attached.)
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c.di.ii=ORNIA ALL-PURPOSE
NOWLEOGMENT
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County of .N jI./ /) / [; GO
D 1/, ~f ! 'CJ:/L A Ie / "iP7lJ/j
,;! ' ;j..I<. before me 0G<.:.- /' r'
. DATE. ' NAME,.~~FOFFICER. E.G., .JANE, DOE. NOTARY PUBUC'
personally appeared \IV Cl /1 f'/r J Q,tv?Y1 0-1
NAME(S) ~GNER(S)
~erSOnallY known ~o me - OR - 0 proved to me on the basis of satisfactory evidence
, to be the person(s) whose name(s) is/are
subscribed to the within instrument and ac-
knowledged to me that he/she/they executed
!l ~'.' . - - . a the same in his/her/their authorized
D@".....PERLAKIMPTONKcapacity(ieS)andtl1atbyhis/her/their
....... . COMM, #1065341 n '
!.! " NOTARYPUBLlC-CALlFORNIA (/J signature(s) on the instrument thep erson(s),
..~... _ SAN DIEGO COUNTY 0" '
u . " My Commission Expires _ or the entity upon behalf of which the
I . , " JULY 19, 1999 I person(s) acted, executed the instrument.
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State,of
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1196
On
SIGNATURE OF NOTARY
No,
- OPTIONAL SECTION __
CAPACITY CLAIMED BY SIGNER
~ Slatute.OOes not. ~re theiNotary,tQ
~lll In the data' below. doing so may pc6ve
invaluaDle to persons retying 00 the_doCument
o INDIVIDUAL
o CORPORATE OFFICER(S)
TTT1.E(S)
o PARTNER(S) 0 liMITED
o GENERAL
o ATTO~~EY-IN'FACT
o TRUSTEE(S)
o GUARDIAN/CONSERVATOR
o OTHER:
SIGNER IS REPRESENTING:
."lAME O~ PERSON,S) OR E~<TIT1'(Il:Si
"
THS CERTIFICATE MUST BE ATTACHED TO
THE DOCUMENT DESCRIBED AT RIGHT:
OPTIONAL SECTION
TITLE,OR TYPE OF DOCUMENT
NUMBER OF PAGES
DATE OF DOCUMENT
TIlough the dala requested here is no(,reQuired by law.
1 it could prevent fraudulent reattachment of this form. SIGNER(S) OTHER THAN NAMED ABOVE
'S....-'-:"-...~--...,.~---....:.....,.---..--'"='...,..~.:':>-SS-,---..~-S~--<:........_:-.----,--...--'>--'-----~-________________...;..~__":>_S--__---_-.--'>--------...:;.----..".::.::--.-------..,.S--.-..:-.::-----S
@1992 NATIONAL NOTARY ASSOCIATION. 8236 Remmel Ave.. P.O. Box 7184' Canoga Pan-;, CA 9130'':
personally appeared
I/Va
~E' nn.E OF OFFICER - E.G.. 'JANE DOE, NOTARY PUBLIC'
NAME(S) OF SIGNER(S)
o personally known to me - OR - 0 proved. to me on the basis of satisfactory evidence
to be 'the person(s) whose nam'e(s) is/are
subscribed to the within instrument and ac-
-fnOWledged to me that he/she/they executed
PERLAKIMPTON1 the same in his/her/their authorized
NOB,,~~Atl1iJ~~~I~~RNIA VJ:;apacity(ies), and that by his/he r/their
SAN DiE90,COEUN)Yeo ~Ignature(s) on the Instrument the person(s),
My CommIsSIon. xplr ~
JULY19,1999 . ~r the entity upon behalf of which the
" ,...., _' erson(s) acted, executed the instrument.
nT1.E(S)
D,PI>.RTNER(S) 0 UMITEO
o GENER"L
o ATTORNEY-IN,FACT
o TRUSTEEIS)
o GUARDIAN/CONSERVATOR
o OTHER:
SIGNER IS REPRESENTING:
r-lAME,OF PERSON(S) OR ENTI1Y(IES)
THIS CERTIFICATE MUST BE ATTACHED TO
THE DOCUMENT DESCRIBED AT RIGHT
OPTIONAL SECTION
TITLE OR TYPE OF DOCUMENT
NUMBER OF PAGES
DATE OF DOCUMENT
Though the data reqIJestedhere is nOl reQuire,j,by I.)w,
i1 could pn~vent fraudulent realtachmenl of m;s 101m. SIGN~R(S) OTHER THAN NAMED ABOVE