Subordination Agreement 1988-296322
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THE CITY OF POWAY ,
191)8 jijN 2! A."lIO; 00
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RECORDING REQUESTED BY:
wHEN RECORDED MAIL TO:
THE CITY OFPOWAY
P.O. BOX; ".' ,
POWAY, CALIFORNIA
92064
NO FEE
THIS'.sPACE. FOR RECORDERS USE
SUBORDINATION AGREEMENT.
FOR VALUE RECEIVED, ,the und'er~igned" as Benefidary under. a ,Deed cf Trust dat,ed
February 15" 1988,.rec6rd'ea in ,the, ,o'ffic,e cf ,the Ccunty, Reccrder. :of San Diego.
Ccunty February 29, 1988 ,FHe:.Nc,. :88~092338 , ?1:ldas cwner and holder cf the
obligations thereby secured, 'does, hereby .make s:ubj,ec,t and .subcrdinate the liens therecf
to. the Eas'ement, grantedbyPOWAY. INDUSTRIAL PROPERTIES. a Cal iforniaQl'npral
partnership
to. THE CITY OF l'OWAY, it b,eillg' understccd and agr'eed ,that fcrec;lcsure of said Deed cf
Trust shall ne.taffecf, defeat cr 'Fender invalid anyri,ghts under and by virtue cf
said easement, and said easemeilt, shall ,be paramcuntand supericr to. the rights of
any purchaser under a fcreclesure cf said Deed cf Tru?t.
83- Z.q0 32/
, File, No..
Trust.
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Said easement was record~4 LP Q a
the ,real prcperty described in s'aid Deed ef
and affects'
':, "Dated:
The undersigned Beneficia,ry e'f :sa:iid Deed cf Trust declar'es and ackncwledges that,it
hereby intentienally waives, rel!:inquishes, and subcrdinatesthe priorities and
superiorities of the lien and. charge ,of said Deed cf: 'Trust upon, the land described
therein in favor of said easement, and that it uli'derst,aIlds that in reliance upon and
in~ccnsiderad.an cf this wa:iiver, relinquishment, and subcrdinaticn specific mcnetary
and e,t,her obligaticns ,wi.ll'beentered: into. by Third Parties w!iich "(euld nct be made
,or entered into. but fcr. 'said r.dfance and the execution by B'eneficiary cf this waiver,
'relinquishment, and subordinaticn. '
C F POWAY, l TO,., 'a Ca 1 i;fcirn i a
BENEFICIARy: l imitea p'artn'ershi p ,
By: CF POMERADO, INC.,
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By: RC,,,;k r,:. j(~~iOI:? 'p,~'
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NOTE: ALL: SIGNATURES:MUST' BE ACKNOWLEDGED
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NOTARIES: Use prcper fc~ attached
or staple ~pprcpriate
ferm thereto..
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parcels 9, 2,7 & 28 of P.U,E,
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STATE OF C.A,U=OR~.:.:.A.
COUNTYOF ~an UleOO
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NY .Jl
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I befOre""'me. Je !nfe~;;lne::t a Notary Public if". aflC for
Kesian ~~
On
saiO S1ale. pe:s,o:"lall)' ap~ared
M.
. pers.or:all)' known 10 me IO~ prC'lve<: 10 me on the
basis of salis!aCl0'Y e\l.den::e,: Ie bE: Ihe ~~ons whC e~e::;ulec the Wllhlf", instrumen: as Pre 5 ide nt
~I;~~;Y<
CF POr"ERADO. WC.
the corporation therein namec. ant a~knowledQed 10 me Iha: said
corporation e:l.ec'Jtec lhe with:;, instrumen1 pU.'"$uani 10 i:s ~)'.
la......s or a resolulion 0: i:s ~;lald oj dire:10tS.said corporatior. beif1;
k.nown Ie- me 10 be the eeneral paliner of
CF POWAY, L-TD.
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OFFiCIAL SEAL
KATHLEEN E, SMITH
Notary PUbHc-CaJitornia
SAN OIEGO COUNTY
My Comm, Exp, Nov. 16. 1990
It",e limited ~ar:ne:"'Shi~ tha: exe::ulec the withi., iI":Slrumen:, and
a::il.nowleogec to me H",a: su:::h coro"~alion exe:::ute::: the same as
Sucl"J partner anC' :ha~ su:::h pannerShi;: exe:::utec the same.
Sigr;alure
iThis area lor offi:::ial n:::-:arial seal)
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