Subordination Agreement 1980-329923 746 �ILS; _ t90 3'9923
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t;tUMMODATION FIL�I� BOOK '
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ficCJFtu�:; RLUJL;;t of
LAND TITLE INSURANCE CO
RECORDING REQUESTED BY : OCTe
POWAY MUNICIPAL WATER DISTRICT OC7 9 22 Atilt)
WHEN RECORDED MAIL TO: OFFICIAL RE(:UitDS
SAN DIEGO CvUt' i Y.CAL'".
POWAY MUNICIPAL WATER DISTRICT VERA L. LYLE
P. 0. BOX 348 RECORDER
RECORDER:
POWAY, CALIFORNIA Please make no charge
92064 for recording the att•
ached Instrument. It
Is being recorded In
connection w,th a Gov- NO FEE
7 ernmental Agency jr .a< l THIS SPACE FOR RECOPOERS USE
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned,as Beneficiary under a Deed of Trust dated April 27, 1979
recorded in the Office of the County Recorder of San Diego County May 10, 1979 ,File No. 79-192908
and as owner and holder of the obligations thereby secured does hereby make subject and subordinate the liens thereof to the Easement
granted by W.M. Chance, Judith A. Chance, R.J. McElliott, Karen L. McElliott,
D.A. Moriarty, and Lorraine Moriarty
to POWAY MUNICIPAL WATER DISTRICT, it being understood and agreed that foreclosure of said Deed of Trust shall not affect,
defeat or render invalid any rights under and by virtue of said easement, and said easement shall be paramount and superior to the
rights of any purchaser under a foreclosure of said Deed of Trust.
Said easement was recorded August 5, 1980 ,File No. 80-247543 ,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 intentionally waives, relinquishes,
and subordinates the priorities and superiorities of the lien and charge of said Deed of Trust upon the land described therein in
favor of said easement, and that it understands that in reliance upon and in consideration of this waiver, relinquishment, and
subordination specific monetary and other obligations will be entered into by Third Parties which would not be made or entered
into but for said reliance and the execution by Beneficiary of this waiver, relinquishment, and subordination.
Dated: 1-1 S—�o BENEFICIARY: (r1°.K 4.
R/W No.
327467-R Michael J. Coug n
Exc. No. 4,
Project : Rho. Bernardo
Cony. Home
ALL SIGNATURES MUST BE ACKNOWLEDGED
NOTARIES: Use proper form attached or staple
appropriate form thereto.
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DGc . 351 4
747
STATE OF CALIFORNIA)
) ss:
COUNTY OF SAN DIEGO)
On Se P'Te,t,t'as7 1S , 1980, before me, the undersigned,
a Notary Public in and for said State, personally appeared MICHAEL J.
COUGHLAN, known to me to be the person whose name is subscribed to
the within Instrument , and acknowledged to me that he executed the
same.
WITNESS my hand and official seal.
1 aaow11104.
NET D.Mal 1111
Public in and for said
kr:0?:-1 I VNIUCaunty and State
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