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Subordination Agreement 1980-318810 BU=31:8810 3 0 3 BOOK 19Fr ` v �. ..,M0ATtON F11.016)61 FLc3=DED ��lJ Jv gag insurasae Co. RECORDING REQUESTED BY : c !! POWAY MUNICIPAL WATER DISTRICT SEP J�� ��I �YYQr WHEN RECORDED MAIL TO: OFFICIAL RECORDS SAN DILGO COUNTY.CAL - POWAY MUNICIPAL WATER DISTRICT VERA L. LYLE RECORDER P. 0. BOX 348 RECORDER' POWAY, CALIFORNIA Pleasem,re no charge for recordIng the et- 92064 ached Instrument. It Is being recorded in connection with a Gov. NO FEE ���/- n$ac'tion•l• Agency tra- cTHIS SPACE FOR RECORDERS USE SUBORDINATION AGREEMENT FOR VALUE RECEIVED, the undersigned,as Beneficiary under a Deed of Trust doted September 18, 1979 • recorded in the Office cf the County Recorder of San Diego County September 28. 1979 ,File No. 79-405794 and as owner and holder of the obligations thereby secured does hereby make subject and subordinate the liens thereof to the Easement granted by Richard F. and Jean V. Wilcox, William A_ and Joan E. Taber, John E. and v. Jean Rodenkirck. Joseph D. and Victoria Balistrieri , Luther C. and Dorothy J. Nash 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 11 , 1980 ,File No. 80-254667 ,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. / t / r Dated: — BENEFICIARY: R/W No. 325531 -R seph L . Pi Exc. No. 5 Project :. Poway Palms Joane D. Phillips ALL SIGNATURES MUST BE ACKNOWLEDGED NOTARIES: Use proper form attached or staple apprcpriate form thereto. 'DOC. 3 52_8 40 131 PARTNERSHIP FORM STATE OF County of as On this day of A.D., 19 before me a Notary Public in and for the said County and State, residing therein, duly commissioned and sworn, personally appeared known to me to be one of the partners of the partnership that executed the within instrument, and acknowledged to me that such partnership executed the same. 3fil /Muss Wt)fffof, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. Notary Public in and for said County and State. GENERAL FORM STATE OF Texas County of .P.p,.e. 1 ss On this 4th day of September A.D., 1980 before me P'avvd cj• 3arner a Notary Public in and for the said County and State, residing therein, duly commissioned and sworn, personally appeared Jaseph..L...Phi 11 ips....,nci..Joule..D,...Phi.11ips personally known to me to be the persons....whose names. are qubscribed to the within Instrument, and duly acknowledged,to me that.the1.111b executed the same. lyll•11.1,Stnev31eOf,I have hereunto set my hand and affixed my official seal the day and year in this certificate first above 4ue1' o. t (Z ti ?3' David J. Garner (Bee) Texas F: f7 v1 a Notary Public in and for said County and State. .. . J •�f CORPORATION FORM STATE OF County of ss On this day of A.D., 19 before me a Notary Public in and for the said County and State, residing therein, duly commissioned and sworn, personally appeared known to me to be the President and known to me to be the Secretary of the the Corporation that executed the within Instrument, known to me to be the persons who executed the within Instrument, on behalf of the Corporation therein named, and acknowledged to me that such Corporation executed the same. J11 Witnr59 WI)ftCOf, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. Notary Public in and for said County and State.