HomeMy WebLinkAboutPR 99-52; Darby Creek/Carlsbad LLC; 1999-0462077; Subordination Agreement·10978
not limited to, those provisions, if any, contained in the deed of trust above mentioned, which
provide for the subordination of the lien or charge thereof to another interest in the real property
therein described.
Beneficiary declares, agrees and acknowledges that:
1. We consent to and approve the grant of EASEMENT in favor of the
Easement Grantee.
2. We intentionally and unconditionally subordinate 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 subordination of the grant
of EASEMENT is being executed and delivered, the EASEMENT IS being created, and that
specific monetary ancfother 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 the subordination.
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MastersiForms/Subordination Agt Trust Deed Holders Rev. 12124197