Fillable Ds-3239 Subordination Agreement Form printable pdf download

fORM

City of San Diego

Subordination

Development Services

DS-3239

1222 First Ave., MS-501

San Diego, CA 92101

Agreement

2007

(619) 446-5000

ovember

WHEREAS, the owner of that certain property hereinafter described has granted to the City of San Diego, a municipal

corporation, in the County of San Diego, State of California, the permanent easement and right of way:

(LEGAL DESCRIPTION OF PROPERTY IS ATTACHED)

AND WHEREAS, _________________________________________________________________________________________________

is hereinafter known as the BENEFICIARY; and ____________________________________________________________________

is hereinafter known as the TRUSTEE as of the date of this instrument under that certain deed of trust executed by

__________________________________________________________________________________________________________________

to secure a note for $(__________________) ____________________________________________________________ with inter-

est dated ___________________________ and recorded _____________________________ in Official Records of the San Diego

County Recorder, covering the property hereinabove described, as Instrument No. ____________

_______________.

AND WHEREAS, the BENEFICIARY affirms that __________________________________________________________________,

the owner and holder of the hereinabove described trust deed note, and __________ not assigned __________ interest in

same, __________ hereby direct and authorize said TRUSTEE to join with _____________ in the execution of this instrument.

NOW, THEREFORE, for and in consideration of the benefits to accrue to the above described land by acceptance of said

easement by said City of San Diego, the undersigned expressly subordinates all right, title and interest in and to that por-

tion of said premises herein described, covered by said deed of trust, to the interest of said City of San Diego in said ease-

ment with the intent that said easement shall be prior and superior to the lien of the deed of trust hereinabove described.

IN WITNESS WHEREOF, the BENEFICIARY and the TRUSTEE have caused this instrument to be executed this

_______ day of _____________________________, _______________.

AS TRUSTEE:

AS BENEFICIARY:

_____________________________________________________

____________________________________________________

Signature: ___________________________________________

Signature: __________________________________________

Name: ______________________________________________

NOTE: ALL SIGNATURES MUST INCLUDE NOTARY ACKNOWLEDGMENTS PER CIVIL CODE SEC. 1180 ET.SEQ.

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DS-3239 (11-07)

Ds-3239 Subordination Agreement Form