Subordination Agreement 1990-171173
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llEC08DING REQUESTED BY:
CITY' 0FPOWAY
WHEN RECORDED MAIL TO:
CITY OF POWAY
P:O, Box789
Poway, ,CA 92064
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171/73
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1572
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NO FEE
Above Space ,for Recorder's Use Only
SUBORDINATioN AGREEMENT
FOR VALUE RECEIVE'D, the undersigned, as Beneficiary under a Deed of Trust dated
Aoril 15, ] 'J88 , .r~cordedin ,tl1e Office, of the C9Unty F!tilcorder of San Dieg() , County
:Mi'lY X,l 'lRR . Filei ,No, 88-,201533 ,',',' "and ,as owr\er an(\ holder, of the
obligations thereby sec:;urecjdoes !lereby make,'sYcbjElqtarld subq~cJi!late~he liens there()ft() th,e
ease'merit ,granted by McMILLIN :EOUI1Y PARTNEFIS il~ a ,California general partnershlp,to
the CITY OF POVf.AY, it:b!3inguncJElg~toodand agrEl!3,dtt1at !pr.eclosure ols,ala Deecjo! Trust
shall not' affect, defeat or: render invalid any rightsiunder and by virtue of said easement, and
saia easement shall' be paramount, and superior to the, rights' of any purcha,ser 'under a
fbfecl6sLireof'said Deed of Trust.
Said easement was 'recorded -3 -!;}/- 10 , File No, 90- /So/,u,! ,and
affects the,real property described in said Deed.-of Trust.
The undersigned ,Beneficiary of said Deed, of'Trust declares and acknowledges that it
herebY intentiolla!lywa,i\lEl~' re1iQquishes, ,andsubordinates,'the pdorities and superiorities ,of the
lien and charge of said Deed of Trust upon the land described therein in favor of said
easement, afla' tDatil undeistimds that in reliance upon and inconsideration of this waiver,
relinquishment; and subordination specific monetary and other, obligations will be entered ,into
by Tt:lird Parties wtiich: would riot be made or ente:red into but fOr said reliance and the
execution by BenefiCiary ofthiswaiver, relinquishment,and subordination,
Dated:
"Beneficiary"GREATN1ERICAN ,B'\NKi SSE
FoRMERLY KJ\K)WN AS
GREAT' AMERICAN FIRsT SAVINGS' BANK
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FiN'" No"
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Project:
A CALIF0RNIA CORPoRATION
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By:, _Li:. ~
~,zI;c.ce (?fi,e<;id~
By: ~...;' ~~'
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~, thee (jJ /1k.>;Cte.J
PLEASE 'SIGN AND ACKNOWLEDGE
iius:iN'STRUMENT BEFORE A . .,
NOTARY'PUBLlC
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~gJ~~Fo~ALlFORNIA SAN DIEGO
FFBRUARY..2D,,--l9QO
DIANNE~ LOlVE
1573
,before me, the undersigned, a Notary Pu~blic ii"t.?fl{l for
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and
'said State, personally appeared
KERSTlN RUMAR
, personally known to me (or proved to me on the
basis of satisfactory evidence) to be the persons who executed the within instrument as
SR: VICE PRESIOOt!tJdent anct....ASSI_\L.l'.._Secretary, on behalf of~RE1\IJJ;ffiRlC1\N C : i
BANK, SSB r........I..........................
f-"''' o~ ~ OFFICIAL SEAL t
,the corporation therein named, and acknowledged to me that t ~; RANDI L. WOODROW :
such corporation executedthewitflin instrumentpufsuanttoits i.% (J 0 :,;; ",.:. Notary PubllcCa11toTtl'o :
"i ",,;.,11 ~ Prltlclpal Otf:cP In .
by-laws or a resolution afits board of directors. .. . ..., SP.Tl DlegD County :
('"..ql'~~~'" My Camm, Exp. Mar 1. 1991 "
WITNESS my hand and official seal. ..
....~.~.....~....,... ~r
Signaturel CU1Ct~ X, LJ6-edJLffW-
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(This area for official notarial seal)
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