Subordination Agreement 1990-322846
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NEEDS fo BE 'RE-RECORDED TO ADD Dl}.liE AND J-II'.E NUMBER.
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SUBORDINATION AGREEMENT
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90 JUN 14 AM1PSO
CIJIY' Q~ER~
CHi'( .OF. ,POWA Y
P.O. BOX 189
POWAY. CA 92064
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FOR VALUE RECEIV~D, the und~rcsigned.. as ,Beneflclary under 'a. Deed of Trust dated
.Aug,u~t' 23" :.t~?e;t re~.prd,,~~. YD the,; .Offi C.C,. 'of t,~,e_ gOUDty ~~_9PFd~r or :~al] pieg~_
County S,i!ptell1per. 6;,1978; Document No, 78~~~7892.9and as own.erandho.l der of the
ob,ngatfons thereby secured ,does, herceby make subject and subordinate tnel iens
thereof to the Easement ,grilritedby Business Prop'erties Pai'tne'rshlp No. r6, A
~eneraJ Partnership to ~be GJTY OF PO.WAY, i t b~il1glun,derstood and agreed that
foreclosure, of sa,id Deed of ;Crust shall not- affect; ,.defeat or render inval id
any rights under and hy vTrtu'eof sa.id easement., 'and'said easement shall be
paramount and superior' to the rights of any purchaser under a foreclosure of
said De~d of Trust.
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Said' easement was recor:ded CONCURRENTLY HEREWI'l'H . File No.
90 -.3;;(;;;;;,X16- ; ahd ilffects the r:eal property descri bed in
of Trust.
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said Deed
The unders i gned ,Be.nefj c iacy o.f sai d Deed of' Trustde,cl'ares and acknowl edges
that it hereby intentionil,:lly wilives, relinquishes, and subordinates the priori-
ties and superiorities of the 1 ien and charge ofsa,id Deed, of Trust upon the
land described therein in, favor of said easemerit,anil that it understands that
in rel iance upon aM in'consideration of this waiver,: relinquishment, and
subordina don sJieci i'icmo,netary and other ob liga tionsw';llbe enter.ed into by
Third Parties which would not be made Or erite'red into. but for said reliance and
the execution by Beneficiary of this waiver, re,nnquishment., and subordl'nation.
PaJed:
R,J W No.
Exc. No.
ProJect:
Mav 1T. "1990
BENEFICT,,;RY:
Provident Lttj'.fe.. '"'''''. dent Irfsurarice
Co., 1\ Te.Oni:!s &:;ation ,
By:, ., c' V IV- ~'r"" , W
James L. Crowder, Vice President
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NOTE.~ Al( :SIGNATURES MUST BE
ACKNOWLEDGED NOTARIES:' Use
proper fohn attached or stilple
appropriate'forln therto.
By:
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:-~)T'ATE OF TENNESSEE
COUNTY OF HAMILTON
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On May II, 1990, before me, the undersigned, a Notary Public in and
for said State. personally appeared James L. Crowder" personally known to
me; to be the person who executed this instrument on behalf of Provident
Life and Accident Insurance Company, a Tennessee corporation, and
'.'ckpowlerlged to me that sV'.'h corporation executed the same.
WITNESS my hand and official seal.
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My Commi~sion Expires Aug. 7. 1991:.-'
STATE OF TENNESSEE
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COUNTY OF HAMILTON
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On October 17, 1990, before me, the undersignea, a Notary Public in and
for said State, personally appeared James L. Crowder, personally known to
me; to be the person who executed this instrument,on behalf of Provident
Life and Accident Insurance, Company, a Tennessee corporation, and
acknowledged to me that such corporation executed the same.
WITNESS my hand and official seal.
My Commission Expires,: August 7, 1991
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