Subordination Agreement 1990-238173
,
'0(0 ~~-'1>lJ2:;
, . 9'0 'q',3~l:p.'3
"I~C~ '
.
RECOROINGREQUESTED BY:
C'ITY' ,OF :POW~ Y
AND WHEN RECORDED MAIL TO:
CgYGLERK
Gm OF POWA V
Y',O. ,BOX, 789 .'
'POWAV, CA 92064
1590
t_~.,,_.
;l:J~~Aj~~~~~~~~i~i7
C1Dkn.. '
'-" J Jl i -2 Arf'9:"32
, c5WiJS.01~.i_LYl:~ i
,~~_~ '{~I r /;;I;[i--OR7fEH J
~;ct
I
I
~9 FEE
I
'1'"11'1',",
"'r--- --
.. .SUBORD I NATI ON 'AGREEMENT
FOr:< VALUE RECS}VED,. the YMer.?ligned;, ~~8enefYciar;y ,under a 'Deed of T~ust dated
~ovem.lJe! 17, 1989:, rec9rdeg in, 'the Ot:ficeof the County Recorder of San Diego
County'NoVembern, 1989" Docurnent No; 89",634206 ancf'asowii'er and holder of the
obligations thereby secured does hereoY make s[ibJeCtci,nd subordinate 'theUens
thereof to the Easement gra.[1teitl:lY S~n ,Coa,stHomes, J~c.!,:;. .~ Ca 1 i forn fa
Corpora t ion (forsi dewaJk 'ea,s,emenj;) to the,Grn OF POWAV. i:t being understood
and agreed that foreclosure ,of :said Deedcif Trust sha,ll .not affect, defeat or
render+riva1.id any rights under;>and by vidueOf sai~'eas'ernent, and said ease-
l1)(!nb shafl be paramount and 'superior fo the i"i.ghts of any purchaser under a
foreclosur;e of said Deed of T.rus't.
'Said easement was
90 -;~tgt?'5.'3
of Trust.
The undersigned Benef;C::iary o.fs,aid peed of Trust declNes .and acknOl'iledges
that it nereby intentionally w,aives, re,l inquist\es" a,ndsubordinates the priori-
ties a,nd superioriities()f thelien,anq,charge,of said Deed of Trust upon the
land 'described. therein in favor of said easement, .and that it understands that
in reliance upon and in,tonsi'deration of tors \/iaiver, reI inquishment, and
subordination~pecffic,i:rloD.etAcY and,pther oiJligat,ioD.s \/iil;l ,be entered into by
Thi rd. Parties which woutd. not be made or enter;ed, into but for said ~el iance and
the e)(ecut ion by Bene'fi Clary of thb wa her" rel'i Jiqui shment, and subordi nat ion.
recorded L/-:;1.E:...9{) , Fi 1 e No.
, and affects the real property described in said Deed
.,...."
"
.i. ;!
1
" ".
;'
Dated: March Is, 1999
BENEF'ICIARV:
R/W No.
Exc . No.,
ProjeCt:
& Trust Company
NOTE:AtL SIGNATURES MUST BE
ACKNOWLEDGED NotARIES: 'Use
proper form attached I)r siapl e
appropriate form therto. '
I
I
,'".
:f';,tOFW{jLLG
.
.
..........
.
aJ
-
.....
.-
E-c
, -
0 C'j~
'" t::~
.
~ o~
, .- 8
-, .
.0 ~tj
, 'u
'" ,. Zg
( -s
"
!! ;>.~
e ....."
.-
~ -
aJ
"'Cl
.-
~
(Corporation Acknowledgmentl
STATE OF CALIFORNIA
I
) 55.
)
1591
County of San Diego
90 I before me, the undersigned,
Georae K. Str~tiq
On this 15th davof M"rrh . in the v.ar 19
a Notary Public in and for said County and State, personally appeared
and Amanda Strang * * * * *
personally known to me (or proved to me on the basis of satisfactory evidence) to be the person who
executed the within instrument as c::.enior Vice President and Vice Presi <1pnt
or on behalf of the corporation therein named, and acknqwledged to me that such corporation executed it.
WI TN ESS my hand and official seal.
. OfFICW. SEAL
. .~ T Al1AL YN s. MAl.DCHADO
,~ NOT MY PUllLIC' CALIFORI4IA
, ' SAN OIEGO cWITY
I1V CClItI\SSION ElCP, AU(l, 30.1991
Notarv Public in nd for said County and State.
TaIl,la1yn S.Ma1donado
FD-1F
(Notary Seal)