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Subordination Agreement 1980-329924 wN rt�tu, Fi 4=3. 2 MuuA 9J0!( 'aAn 4 8 �.c�� , _ RE .:s OF LAND TITLE INSURANCE CO. RECORDING REQUESTED BY : POWAY MUNICIPAL WATER DISTRICT OCT 7 9 22 AM '80 WHEN RECORDED MAIL TO: OFFICIAL RECORDS SAti DIEGO c.cu IIY.CALI'. POWAY MUNICIPAL WATER DISTRICT VERA L. LYLE P. 0. BOX 348 RECORDER POWAY, CALIFORNIA RECORDER: Please make no charge 92064 for recording the alt. ached Instrument. It Is being recorded In _ connection with•Goy. ernmental Agency NO FEE 7—fy(Q � 8 Y tra- THIS SPACE FOR RECORDERS USE n,actlon. Sr BORDINATION AGREEMENT FOR VALUE RECEIVED, the undersigned,as Beneficiary under a Deed of Trust dated April 19, 1979 recorded in the Office of the County Recorder of Son Diego County May 10, 1979 ,File No. 79-192918 and os 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 offect, 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 sato 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 subordirption. Doted: 9-isBEtvEFICIARY� Cl1dL T)1/ ���'✓ a s M. Gilfillan R/w No. 327467-R • Exc. No. 5 • . __ ._ 101.1a..;— Project : Rho. Bernardo Kathleen T. Gilfillan Cony. Home ALL SIGNATURES MUST BE ACKNOWLEDGED NOTARIES: Use proper form attached or staple appropriate form thereto. Doc. 351 a • 749 411 STATE OF CALIFORNIA) ) ss: COUNTY OF SAN DIEGO) On J. , 1980, before me, the undersigned, a Notary Public in and for said State, personally appeared JAMES M. GILFILLAN, 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. TO.NOM No, . ublic in and for said 1111111,1111111C-111111111111% �• . ty and State rte:% MN 01E00 CONY ly fes.EVINB Sok 4,1118 ! r STATE OF CALIFORNIA) ) ss: COUNTY OF SAN DIEGO) On 24rp715AAR 14 , 1980, before me, the undersigned, a Notary Public in and for said State, personally appeared KATHLEEN T. GILFILLAN, known to me to be the person whose name is subscribed to the within Instrument, and acknowledged to me that she executed the same. WITNESS my hand and official seal. „lira = to Public in and for said f �. C ty and State