Subordination Agreement 1988-296336.. v
1220
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THE CITY OF POWAY ,
19a8 JUN 2! AM 10: 00
I .yEP/< i_, L'(L," , ~
~UCllY HEGOnDER J
RECORDING REQUESTED BY:
WHEN RECORDED MAIL TO:
THE CITY OFPOWAY
'P.O. BOX
POI,AY, CALIFORJHA
9.2064
NO FEE
'THIS SPACE FOR RECORDERS USE
SUBORDINATION AGREEMENT
toll. Vid,VE ,RECEIVED" the und'ersfgned, as Benefi'ciary under a Deed of Trust dated
.'310~.lY 1986 ., .reco,rde'!1,i'n the Offic.e of 'the County Recorder of San Diego
County, 16 September 1986 ,Fi,'le No. R6-407B4R ,'and as owner and holder of the
obligat:Lonsthereby secured ,ooes ,hereby make subJ.ect ,and' s,ubordinate t.he liens thereof
to 'the Easement granted by GF, POWA Y L TO.. a Cal Horn ia limited partners hi p
",''', to, .T~r.; P1:Y OF' pm,.!..y; it being understood .and agreedtliat for'eClosure of said Deed
Trust shall, not affect, 'def~at or render invalid any-.rights under and by :virtue of
'~\)~~aid" easement, ~d' sa~i'd' eas'~ro~n't, oshall be p~ramoup.,t '~a,1}(j, ,superior to: the rights o'f
'"\ any purchaser under a foreclo'sure of said Deed of Trust..
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'of
S_a~id: ea'~s~m~nt <;.;as
the :realproperty
reco.rded (0'.2-1- ~ ~ '
deschbed in said Deed of
. File No. fJ-c..Q0"-3 3 S-
Trust.
, and affects
The 'undersigned Beneficiary of 'said Deed of Trust dec1ai,es and ackn'owledges t12at, 'it
hereby intentionally ,'aives" relinquishes, and subordin.atesthe priorities ,and
superiorities of the lieiland c.lj'atge of said Deed o,fTrust upon the land oes.cribed .
therein in favor of said easement', and' that ,ft ariderstandsthat iOn reri:'ance upon, a.na
in.. consigeraticn o'f t.his \.:aiver, ''r'elinquishment, and' lstibordina tion specific morie'fa'ry
an,d o,t~l)e1Co1?l:i,gariol'ls ;"iU be entered. into by Third Parties which would not be mad'e
~ir:; en~er:e,d- i~n_t-'o. l:i_y~ {o:r' ;~e~~qr~J:~i?nc.~ ?-nd, 't}le execut-ion by Beneficiary of, this waiv.er,
re-li:n~1.1ifs~h;men t-, arid s_Jho'rd~:L!l~ t~'on~..
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Da te'o':
BENEFICIARY: SECURITY PACIFIC NATIONAL
~ANK
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RIHNo.
Exc. No.
P,roj,ec t :
By:
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PeR ~lell--SO r..)
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By: ""
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NOTE: ALL SIG~ATURES, MUST BE ACKNOWLEDGED
NOTARIES: Use, prop.er '(ot'lll attached
or staple a'ppropriate
form thereto.
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Orafna,ge Easements in. ~ot '48, So. 'oJ .Metilte Lane
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CORPORATE ACKNOWLEDGMENT
State of CALIFORNIA
} 55,
County of LOS ANGELES
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~' , OFFICIAL SEAL ~
f~' .~11!i':i. LYNESE S, WILLIAMS ~
,"~' -It.,;!'I; NOT A,RY PU8L1C,CALlFORNIA
. .~....JI.-.~. LOS ANGELES COUNTY
~. My Cummission ['pues May 29, 1990 I
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. v
1221
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NO. 202
On this the 26.th day of MAY
19~, before me,
LYNESE S. WILLIAMS
the undersigned Notary Public, personally appeared
RICHARD D. NEILSON AND THEODORE M. SNYDER
:!'; personally known to me
o proved to me on the basis of satisfactory evidence
to be the person(s) who executed the within instrument as
1TTt:R PRRSTDRNTS or on behalf of the corporation therein
named, and acknowledged to me that the corporation executed if.
WITN S my hand and official seal.
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NATIONAL NOTARY ASSOCIATION. 23012 Ventura Blvd. . P.O. Box 4625 . Woodland Hills, CA 91365-4625
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