Subordination Agreement 1990-238172
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1.5.'88
90+\/\ Y -2 AM 9: 32
, , VEnA L. LYLE I
I COUNTY RtCDRDE{< .1
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SUBORDINATION:AGREEMENT
FOR VALUE ,RECEIVED, the. :uO,de(s:~g@d,,~.s B,en!!f;i~i(gy under a Deed of'Trus,tda.'t,ed.
N9verii~er' V, 198~.; recorde,d i n th,~ Offi cg ()L~bE!Gounty Recorder of ~~n ,D)eg()
QOlJnty No.vembE!r 2,2, 1989, D,oc,ument No . 89,-634206 and ,as owne rand holder of the
obHg'ations thereby secuneddoes heteb'y;make subject' and subordi nate-the 1 fens
ther'eof to the Easement granted by Sun, Coast Harries, Inc., A Cal iJor'riia
Corporation (for' water .easement) til theCIJV OF POWAy ,it 'lJe.ing und~rs't909 and
agreed that ,fOreclosure of said De.edofTrust shall not affect, defeat or
reriget in\alid any rights under andby,vjrtue of,'sajd;easement, and sa.id ease-
ment ,shall beparamo,untcind;,s_uperfor to. tne rights of any purchaser under a'
foreclosure "of safd Deed of' Trust.
Said easement was recorded 4-623-'10
'it):::' dll[?(L;SQ, and affects the real
of Trust.
, ,Fi le No.
property described in said Deed
The undersigned Benefi'ci'ary 'of ,said Deed of Trust declares and acknowl edges
tha fit ,hereoyi ntentionally' waives; rel i nqui shes, andsubord.i nates the pri ori-
ties and su'p'ericirities oj; the lien and ctiar:ge of said'D'e'ed of Trust upon the
land described therein in favor of said easemenb, and'f.hat it understands that
in reli.ance upon and j'ncons{derati'on of'thhwajver, relinquishment, and
subordination' spec,ific ;mone'tar:yand o,ther.obl igations w,i-ll be entered into by ,
'Thi'rdPa:rt'ies 'whichwould not !Sernade 'Or :entered, irito.bUt forsa,id reliance and
t~E! executjon by Be,f1.efic}ar'y of thi'swi:li.ver, re,linquishment, and subordinat.ion.
Da ted: March '1'5, 1990
BENEFICiARY,:
,R/W No.
',Exc.' No.
Proj;ecf:,
La Jolla Bank & Trust Company
'n !or vice President
NOTE: ALL SIGNAtURES. MUST BE
ACKNOWLEDGED NOTARIES: Use
proper f6r:rriattached or staple
appropriate fo~ni ther.to.
Wf}'lEIt.
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STATE OF CALIFORNIA
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)55.
I
,
1589
(Corporation, Acknowl edgme nt)
County of
San Diego
'On this 15th day of Macch ,in the year 19 90
a Notary Public in and for said County and State, personally appeared
.=mn Amanda 'st r~g * * * * * * * * * *
personally known to me (or proved to me on the basis of satisfactory evidence) to be the person who
executed the within instrument as Sp-ni or Vice PreR; dent and Vice President
or on behalf of the corporation therein named, and acknowledged to me that such corporation executed it.
, before me, the undersigned,
Geocge K. Stcatis
WITNESS my hand and official seal.
~~I~A. ~O{\,-yy~
Notary Publl In and for saId County and State.
. OfFICMl SEAl
.: T AI'IAl. YM 5, I1AlllOWlO
t/' NOTARY PUIUC- CAlIFalIlIA
, SAN DIEGO CQJIITV
t1V CQ1I1l5SltIl EXI'. AUll, ;,0,1991
(Notarv Seal)
Tamalyn S. Maldonado
FD-1F