HomeMy WebLinkAbout; Vagenas, William & Nikolicha; 1992-0345917; Subordination Agreement2012 LJ ’C # 19924345917 03-JUN-1992 02135 Pfl
RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO:
CI& OF CARLSBAD r,;L LLerk
1200 Carlsbad Village Drive Carlsbad, CA 92008
SAN DIEGO CWHTY RECORDER’S OFFICE OFFICIAL RECORDS
tu: 7.00 FEES: 17.0 ANNETTE EUWSt COUNTY RECOROER
AF : 9.00 nF: 1.00
Space above this line for Recorder’s use.
AGREEENlSUG-24.FRM -1- REV 1018191
Brown, husband and wife, as joint tenants , recorded in the Office
of the County Recorder of San Diego County On October 31, 1985 as
File NO. 85-410057 of Official Records of said county: and
WHEREAS, owner has executed, as grantor, a grant of Easement
dated October 11, 1991, in favor of the City of Carlsbad as
ntee, 11 creating an
aid Easement
1 the above
mentioned.
NOW, THEREFORE, in consideration of the mutual benefits
accruing to the parties hereto and other valuable consideration,
the receipt and sufficiency of which consideration is hereby
acknowledged, and in order to induce Easement Grantee to accept
said Easement above referred to, it is hereby declared, understood
and agreed as follows:
1. That said Easement in favor of Easement Grantee
AGREWNlSW-24.Fli3l - 2- REV 1018/91
shall unconditionally be and remain at all times a charge on the
property therein described, prior and superior to the lien or
charge of the deed of trust above mentioned.
2. That Easement Grantee would not accept said
Easement above described without this subordination agreement. .._ .,.. , . ~'~*l'l.,.l.,o,, , be the whole and only
relinquishes and subordinates the lien or charge of the deed of
trust above mentioned to the Easement in favor of Easement Grantee
above referred to and understands that in reliance upon, and in
consideration of, this waiver, relinquishment and subordination,
the Easement is being created, and that specific monetary and
other obligations are being and will be entered into by the
Easement Grantee, other lenders and title insurance companies
which would not be made or entered into but for said reliance upon
AGREEHWSUG-24.FRM -3- REV twam
c -.
the waiver, relinquishment and subordination.
3. This Agreement represents an endorsement to the note
secured by the deed of trust above mentioned and that said deed of
trust has by this instrument been subordinated to the charge of
the Easement in favor of Easement Grantee above referred to.
must sign for corporations. If only one officer signs, the (President or vice-president and secretary or assistant secretary
corporation must attach a resolution certified by the secretary or
to bind the corporation.) assistant secretary under corporate seal empowering that officer
APPROVED AS TO FORM: RONALD R. BALL Acting City Attorney
By : 54. /Ld Deputy Cit-ttorney
AGREEEMlSW-24-FRM -4- REV 10/8/91