Subordination Agreement 1981-088026 , .
62 •
•
FILE/PAG44—. 088026
4CCOIMODATIOA FIDEL BOOK 19 ,!
• RECORDED R::QUEST OF
LAND TITLE INSURANCE COMPANY
RECORDING R€QU STED BY : API 'ii CITY �F POWAY
4204,44MAR ZLI 9 44 o4,44�t1 CIF PA.-�AIAT I st Ric U
WHEN RECORDED MAIL TO: OFFICIAL I'• -C3 DS
City of Poway SAN DIEGO GGt;NTY,CA1
—P YWA 1ttit felra•r-WArt -t3t9 R+ci— VERA L. LYLE
P. 0. BOX 348 RECORDER
RECORDER:
POWAY, CALIFORNIA Please make nocharge
for recording the ett-
92064 ached Instrument. It
It being recorded la
Attn: Lavene Powell connection
tre- FEE
LE
neat! .,y THIS SPACE FOR RECORDERS U NOr C
a..RDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned,as Beneficiary under a Deed of Trust dated October 11 , 1979 ,
recorded in the Office of the County Recorder of San Diego County October 15. 1979 ,File No.79-428545 ,
and as owner and holder of the obligations thereby secured does hereby make subject and subordinate the liens thereof to the Easement
granted by The Pomerado Group
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 13, 1980 ,File No. 80-257456 ,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 mode or entered
into but for said reliance and the execution by Beneficiary of this waiver, relinquishment, and subordination.
Dated: Feb. 26, 1981 BENEFICIARY W`ls J're ' : .nk, N.A.
logaliP' Air
R/W No. 325516-R By% .. .9flA ..:_ - .�
Exc. No. 8
Project : Poway Shopping M. ---
Plaza Unit 2 10
STATE OF CALIFORNIA CORPORATION ACKNOWLEDGEMENT
City of...5.cinIe90
ss.
On thib v2.6 l day of J r"et Y1-49)1'00
V In the year one thousand nine hundred and e j 9 h 9 4� --.
before me �o L(in doL- t.M o Lin o_
j ,a Notary Public in and for
: 3 �,%`- '�; said County and State, residing therein duly commissioned and sworn, personally
• `•� ' a , r l G appeared
1: r ' S known to me to be the.lh cJi?� VI C� P rc S•l�P I'S . . Q�l(_ 4.�(�``�' �eC rel-0 r9
v � $ of the corporation described in and that executed the within instruments, and also lmown to me
8 -';; in Xi ? to be the person who executed the within instrument on behalf of the corporation therein named,
.j < a r and ::he... acknowledged to me that such corporation executed the same, pursuant to its by-
"1 r— • laws or alution of its board of directors.
4 ,��, Z < IN WITNESS WHEREOF, I have hereunto my hand and affixed my official seal, the day
m.,% 8 n A and year in this Certificate first above written. A f
f n\ - .:
( - 2 ,- c0 N Put& Inc for said County and State r
• My Commission Expiresi I F�L E
5 - CC. # 6
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