Subordination Agreement 1990-171174
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RECORDING REQUESTED BY:
CITY .oF POWAY
15'74
WHEN RECORDED: MAIL TO:
CITY OF'ROWAV
P,O, Box 789
Poway, CA 92064
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Above S8ace 'for Recorder's Use~bf\iy
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigne9. as BenefiCiary:under a Deed oITrust dated
April 15. 1988 , I~C9!ged in the .Gffice of the, County Recorder of San Diego CQunty
Mav 2. 1988 ...' File Nb,,88-,2D1533 . , ,and :as owner and hcilder, of ,the
obligations',therebyse{9rec!di:ies,tlElreby inake!subjectand suli6rdlnate,lhe ifens thereof to,Jhe
easement granted by McMILIJNE9l:JITi PARTNERS: m a California "general :partnership,to
,the~ITi OF POWAY, it'beingunderstood and agreed ,that :foreclosure ofsaig Deed,of l}ust
shall not affect, defeat ,or, r,encierinvalidany rights und~[ afl8 by v,i,rtue of said eas'ement, and
said easement shall bE), R,!rilm.buiit' arid superior to the rights 'of any purchaser under a
foreclos'ure of said Deed of l1rust.
Said easemerit was ,recorded3~;;:;/-10 ; File No,C;-O-/50./'0;;l., ,and
affects the real property described in said Deed ofTrLlst
The undersigned Bel)~fic;ia'Y of said Deed of Trust declares arid acknowledges ttiat it
hereby interitiorially:waives, relinquishes; and subordinates the\priorities and superiorities ofthe
jien and charge, of,said, DeEld, of Trust upon the land desciibed therein in favor of said
easement, and that, it un"derstands that in reliance upon and in consideration, of this waiVer,
relinquishment, and!subordination specific monetary and ot~~,r obliga!ioris will, be entered into
by Third Parties which would hot be made or 'enteredirito 'but for said reliance and the
,execution by Beneficiary 6f this waiver, relinquishment', and. subordination,
Dd "B' f'" "GREATAl1ERICANBANK, SSE
'ate : ene IClary FORMERLY KNOWN AS
GREAT, 'AMERICAN FIRST SAVINGS BANK
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PLEASE SiGN AIIIDACKNOVVLEDGE
THIS INSTRUMENT BEFORE A
NOtARY pUBLIc
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A CALIFORNIA CBRPOAATION
'By:~tA, ~
C7'h-:W,1I:ue r ?/IAY.J;ckr
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SAN DIEGO
FEBRUAALZO._19.90
KERSIlN-RUMAR
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STATE OF CALIFORNIA
COUNTY OF
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On
,before me, the undersigned, a K"'vtary'?l.'t{lic in and for
said State, personally appeared
and
DIANNE A, LOWE
,personally known to me (or proved to me on the
basis of satisfactory evidence) to be the persons who executed the within instrument as
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ASST. VICE
BANK, SSB , ............,. t I . I . . I . . I . . . . ...........
the corporatIon therem named, and acknowledged 10 me thaI I: f-"'.....:: 1".., OFFICIAL SEAL :
;uchcorpora1l0nexecutedlheWllhlnmstrumentpursuanttollS i .. RANNDI Lp. WOODROW :
Q) \: .. olary ubllc California .
by-laws or a resolution 01 Its board of directors PrIncipal Oft.ce In ·
San DIego County :
WITNESS my hand and official seal My Comm Exp, Mar 1 1991 .
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(This area for official notarial seal)
Pres;dent an<L-SR.~CE.J'RE S_SJ!<l!lltliiYAAX>l!lYOOJOf_GREAT--Al--lERI.cAN
Signature
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